<abstract xmlns="http://www.w3.org/1999/xhtml">This study examines the role of information and communication technology (ICT), access to electricity and transport infrastructure in reducing poverty and promoting inclusive growth in Nigeria for the period 1980-2014 using the error correction modeling approach (ECM). The results indicate that access to electricity and transport infrastructure is negative and statistically significant in both the incidence and the depth of poverty reduction and therefore conclude that this lead to inclusive growth. In particular, we show that access to ICT negatively influences the incidence of poverty, but the relationship is not robust when the measure of poverty is the poverty gap.</abstract>

Technology Access, Inclusive Growth and Poverty Reduction in Nigeria: Evidence from Error Correction Modeling Approach

<abstract xmlns="http://www.w3.org/1999/xhtml">This study investigates the impact of hierarchical jumps in the CEO’s succession on firms’ financial performance. To contemplate deeply, hierarchical jumps have been categorized into high and low level evaluating the positive impact of high-level hierarchical jump on firms’ performance. Moreover, this study has also formulated hierarchical intensity signifying the idea that despite neglecting senior board members during hierarchical jumps, still marginal increment in the firms’ growth has been observed. Using panel regression technique along with 2sls instrumental regression, this research reveals that hierarchical jumps in CEOs successions are more conducive only if the incumbent CEOs are selected irrespective of age, degree or high hierarchical position within the hierarchical ladder. Lastly, this study enunciates that firms having high total assets boost their performance via hierarchical jumps emphatically.</abstract>

Southwestern University of Finance and Economics

Khwaja Fareed University of Engineering and Information Technology

Whether CEO Succession Via Hierarchical Jumps is Detrimental or Blessing in Disguise? Evidence from Chinese Listed Firms

<abstract xmlns="http://www.w3.org/1999/xhtml">Eco-innovation, as a new concept, and green technologies are central to the Europe’s future and at the core of the European Union policies to boost competitiveness, create jobs, and generate sustainable growth for years to come. In this context, eco-innovation is a significant tool that combines decreased environmental impact with a positive socioeconomic impact. This paper highlights the prominent role of eco-innovation and investigates still scarcely explored impact assessment of GDP growth, quality of institutions, and recycling rates on the eco-innovation index in the 28 European Union member states. Specifically, the set of regression analyses that use panel estimation models was undertaken and the system GMM estimator with robust standard errors was used. Econometric analysis indicates that GDP growth rate, quality of institutions, and recycling rate of municipal waste had a statistically significant and positive effect on eco-innovation in the period 2010-2016.</abstract>

Economic Research Division, Croatian Academy of Sciences and Arts

Institute for Scientific and Artistic Work in Osijek

Eco-innovation and Economic Growth in the European Union

<abstract xmlns="http://www.w3.org/1999/xhtml">This paper examines the agency model of dividends where the importance of dividends depends on the level of investor protection. The importance of dividends is presented by the dividend smoothing concept, while the level of investor protection is determined by the legal origin. Within this, the sensitivity of dividends to earnings changes was analyzed to examine the universality of the dividend smoothing phenomenon. Subsequently, the difference in proportions of dividend smoothing firms within the common law and civil law countries was tested to determine which of these two systems attributes more importance to dividends. Finally, the application of Lintner’s model was examined in transition countries as well as in United States. Research results show that dividend smoothing is a globally widespread phenomenon, but the likelihood to reduce or cut dividends is greater in civil law countries. Also, the largest percentage of dividend smoothing firms was recorded in common law countries.</abstract>

Dividend Smoothing and Investor Protection

<abstract xmlns="http://www.w3.org/1999/xhtml">This paper examines the return and volatility spillovers of different sectoral stock prices in Nigeria using monthly data from January 2007 to December 2016. We employ the Diebold and Yilmaz (2012) spillover approach and rolling sample analysis to capture the inherent secular and cyclical movements in the sector stocks market.We show that there is substantial difference between the behaviour of the sectoral stock return and volatility spillover indices over time. We find evidence of interdependence among sector stocks given the spillover indices. While the return spillover index reveals increased integration among the sectoral stocks, the volatility spillover index experiences significant bursts during major market crises. Interestingly, return and volatility spillovers exhibit both trends and bursts respectively.</abstract>

Measuring Return and Volatility Spillovers among Sectoral Stocks in Nigeria

<abstract xmlns="http://www.w3.org/1999/xhtml">Community-based tourism is recognised as being a potentially important means by which economic development can take place in rural Myanmar. One particular project in this vein is the dolphin-based tourism organized at six villages on the River Ayeyarwaddy in the northern Mandalay division. Qualitative research featuring personal interviewing of international tourists and service providers in the region indicated the potential for this project but also the formidable problems of poor connectivity and service provision that will need to be overcome to achieve success. The threats to the dolphins concerned and the indifference with which they are treated by many community members suggest real threats to the sustainability of the project as a whole.</abstract>

Achieving Sustainable Community-Based Tourism in Rural Myanmar: The Case of River Ayeyarwaddy Dolphin Tourism

<abstract xmlns="http://www.w3.org/1999/xhtml">The aim of this paper is to analyse the effect of the mobile phone penetration rate on inequality in Western Balkan countries and to provide empirical evidence. We explore the question of whether cell phone diffusion helps to decrease inequality and whether it has a positive income equality effect. In the developed conceptual framework, we consider that people with access to mobile telephony also have access to Wi-Fi and GPS and that individuals can perform different activities, such as engaging in e-commerce, e-governance, health, and education; paying bills; saving money; and transferring money to other persons. This represents a good foundation for poor persons exit the cycle of deprivation and leads to the development of equal opportunities. We analyse the impact of mobile phone penetration on inequality in Western Balkan countries by using ordinary least squares and two-stage least squares models (Asongu, 2015). Our results confirm the income-redistributive effect of mobile phone penetration.</abstract>

University of Prishtina “Hasan Prishtina”

Mobile phone penetration and its impact on inequality in the Western Balkan countries

AHEAD OF PRINT

Volume 26 (2023): Issue 2 (November 2023)

Volume 26 (2023): Issue 1 (May 2023)

Volume 25 (2022): Issue 2 (November 2022)

Volume 25 (2022): Issue 1 (May 2022)

Volume 25 (2022): Issue s1 (December 2022) Special Conference Issue

Volume 24 (2021): Issue s1 (December 2021) Special Conference Issue

Volume 24 (2021): Issue 2 (November 2021)

Volume 24 (2021): Issue 1 (May 2021)

Volume 23 (2020): Issue 2 (November 2020)

Volume 23 (2020): Issue s1 (December 2020) Special Conference Issue

Volume 23 (2020): Issue 1 (May 2020)

Volume 22 (2019): Issue 2 (November 2019)

Volume 22 (2019): Issue 1 (May 2019)

Volume 22 (2019): Issue s2 (December 2019) Special Conference Issue

Volume 22 (2019): Issue s1 (March 2019)

Volume 21 (2018): Issue s1 (December 2018)

Volume 21 (2018): Issue 2 (November 2018)

Volume 21 (2018): Issue 1 (May 2018)

Volume 20 (2017): Issue s1 (April 2017)

Volume 20 (2017): Issue 2 (November 2017)

Volume 20 (2017): Issue 1 (May 2017)

Volume 19 (2016): Issue 1 (May 2016)

Volume 19 (2016): Issue s1 (December 2016) Special Conference Issue

Volume 19 (2016): Issue 2 (November 2016)

Volume 18 (2015): Issue 2 (November 2015)

Volume 18 (2015): Issue 1 (May 2015)

Zagreb International Review of Economics and Business

 ZIREB is an international journal of economics and business. It covers wide range of topics in macroeconomics, microeconomics, management, marketing and tourism. In general, it delivers relevant scientific research in the field of economics and business and offers empirical insights on current economic development and political economy issues as well as on current developments in marketing, tourism and management research.  ZIREB is edited by Faculty of Economics and Business in Zagreb and it is managed by a team of academic researchers from universities all over the world.  ZIREB is published as a semiannual journal by the Faculty of Economics and Business in Zagreb. The first issue was published in May 1998. Every two years ZIREB is published three times a year. This Special Conference Issue consists of selected papers presented at the international conference "An Enterprise Odyssey" which is hosted by Faculty of Economics and Business.  Why subscribe and read ZIREB is an economics and business journal directed at scientific and academic researchers who are interested in new insights and research methods in the field of economics and business. The journal welcomes research on topics related to respective countries or on regionally relevant topics. Furthermore, professional papers, short papers, review articles and book reviews are also welcome.  Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 