Emerging interaction of artificial intelligence with basic materials and oil & gas companies: A comparative look at the Islamic vs. conventional markets

As part of the artificial intelligence (AI) industry there are many companies engaged in providing hardware that enhances the use of artificial intelligence technology for big data analysis, along with companies that are involved in data analytics, software, system software, and artificial intelligence software. This paper examines the quantiles-based connectedness and non-linear causality-in-quantiles nexus of AI enterprises with basic materials and oil & gas companies, and their Islamic markets. Formally, we consider two perspectives, including before and after the pandemic of COVID-19 (for period May 18, 2018–June 01, 2022). It is observed that in the network of AI-based investments and companies related to basic materials and oil & gas industries, AI is a net recipient of shocks before and during the COVID-19 era, with a higher intensity of shock-receiving in the normal market and during COVID-19-affected period than in the upper and lower tails and prior to COVID-19 period. However, AI could serve as the cause-in-quantiles of oil & gas-related companies in the Islamic markets (in both pre-COVID-19 and COVID-19 timeframes) and conventional oil & gas firms (only within COVID-19). On the other hand, both the Islamic and the conventional basic materials and oil & gas businesses appear to be a non-linear cause-in-variance of the AI technology in the middle quantiles of the COVID-19 situation. Aside from this, the only causal factors from resources-based markets to AI are Islamic and conventional basic materials companies, as observed only during COVID-19. Based on our analysis, COVID-19 presented an excellent opportunity for improving the involvement of AI innovations with basic materials and oil & gas companies. As a consequence, the basic materials market may be able to provide hardware and software infrastructures to support the technology of artificial intelligence. Also, the inventions that enter the oil & gas industry due to the use of artificial intelligence could have a significant impact on their average performance. In this light, AI could be recognized as a strategic link in the supply chain of basic materials and oil & gas companies. There are many implications arising from these new insights for the developers of AI applications, resource policy-makers and managers, as well as investors who are interested in investing in new technologies.

The Weighted Average Cost of Capital and Its Universality in Crisis Times: Evidence from the Energy Sector

Recent economic anomalies, including the unprecedented lockdown generated by the COVID-19 crisis, have demonstrated that the weighted average cost of capital (WACC) remains an actual topic in the financial literature and in practice. Companies operate in an increasingly volatile environment, due to twin transitions and interlinked crises, and so they must have specific tools for measuring risk and profitability, in order to enable them to have a sound financial policy. Based on the earlier results obtained by Modigliani and Miller (1963), Harris and Pringle (1985), and Farber, Gillet, and Szafarz (2006), this study shows the relationship between WACC and interest rate. It offers a modified WACC formula that considers unstable market circumstances. The new redefined WACC can be a valuable tool in business planning for companies from different fields. The companies in the energy sector are very interested in the topic of WACC, considering not only the complex nature of the investments made and the long-term nature of investment recovery but also the multiple risks that have an impact on their activity and that can be found in different economic, social, and geopolitical spheres.

NFTs and Cryptocurrencies—The Metamorphosis of the Economy under the Sign of Blockchain: A Time Series Approach

Although NFTs (non-fungible tokens) and cryptocurrencies are active on the same market, their prices are not so closely related over time. The objective of this paper is to identify the relationship between the two types of assets (NFTs and the cryptocurrencies Ethereum, Crypto Coin, and Bitcoin), using data for the period between September 2020 until February 2022. The conclusions of the study are useful for cryptocurrency and NFT issuers, but also for investors on the financial market who are reconfiguring their portfolios with increasing frequency, and use these new assets for speculative or hedging purposes based on blockchain technology. The results highlighted relationships between NFTs and Ethereum, between Ethereum and Crypto Coin, and between Bitcoin and Ethereum, Ethereum being a bridge between all four. Therefore, NFTs present a relationship with Ethereum, the NFTs price had a causal effect on the price of Ethereum.

A case study of agri-food systems in rural Spain: Impacts, responses and institutional lessons

Galicia is one of Spain's leading regions regarding agricultural and livestock production. In the light of the COVID-19 crisis, the permeability to the economic shocks of these sectors led to an unprecedented recession, given the heterogeneity of their characteristics, resulting in widespread losses. The main objective of this article is to analyze the impact of COVID-19 in the agricultural and livestock sectors in Galicia and, at the same time, identify the degree of affectation in each of these sectors, determine the impact of the pandemic in each province and study the institutional responses to the COVID-19 crisis. For this purpose, financial analysis of these sectors will be carried out through a sample of 998 companies. The results show a variation in operating income of -16.41% in the agricultural sector and -9.15% in the livestock sector in Galicia, although they are mixed across the different provinces of the region. Despite the articulation of a network of public aids and the adoption of new commercialization strategies, there are sub-sectors with high losses, such as the ornamental plant industry and the subsector dedicated to the production of beef. [ FROM AUTHOR] Copyright of Agricultural Economics / Zemedelska Ekonomika is the property of Czech Academy of Agricultural Sciences (CAAS) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full . (Copyright applies to all s.)

Agile Leadership and Perceived Career Success: The Mediating Role of Job Embeddedness.

Agile leadership is an important managerial function in which responsiveness and innovation appear to be essential elements for the long-term development and success of any business. The world has become increasingly volatile, uncertain, complex, and ambiguous (VUCA) during and post COVID-19. Managers are required to possess agile leadership to facilitate their employees' successful careers. Therefore, this study aims to find out the relationship between agile leadership and career success by examining the mediation of job embeddedness in healthcare organizations. The descriptive research design and survey method were employed in this study. The data were collected by using three scales from healthcare employees in healthcare organizations in Turkey. Hypotheses were tested using structural equation modelling (SEM). The data were analysed by using SPSS and AMOS programs. The findings of this study showed that agile leadership behaviours enhance career success. Moreover, the relationship between agile leadership and career success is mediated by job embeddedness. The role of agile leadership in promoting employees' career success has rarely been studied in the literature. This is one of the first studies to examine the effect of agile leadership on career success along with the mediating role of job embeddedness. Healthcare managers have faced many critical challenges at their workplace during the COVID-19 pandemic. Through the lens of managing efficient healthcare organizations in many contexts, this research sheds some important light on the association between agile leadership, career success, and job embeddedness. Managers with high agility levels used strategies such as group decision making, problem solving, effective internal and external communication, and adaptation to uncertain environment in order to increase their career success.

The Effects of Health Crisis on Economic Growth, Health and Movement of Population

The COVID-19 pandemic crisis, which was triggered in 2019 with oscillating evolution in 2020 and 2021, was a factor that has had dramatic effects on the economic growth of countries worldwide. In the context of the pandemic crisis, population health has deteriorated;education and economic activity in all the countries around the world have been affected. The main purpose of this paper is to highlight the special situations that humanity is experiencing as a result of the unprecedented effects that the COVID-19 crisis is having on the socioeconomic evolution. Specific statistical econometric methods (such as analysis of linear correlations, multiple linear regression, analysis based on dynamics indicators, and spectral analysis, comparability based on indices) were applied to highlight the evolution and future prospects of the COVID 19 virus worldwide. The COVID-19 crisis has generated another major issue for mankind, along with global warming and the energy transition, namely, population health. For this reason, in this study, we focused on the impact of the COVID-19 crisis on population health in a broader context;the sustained growth of populations in developing countries and aging populations in developed economies.

Sustainable Tourism Issues in European Countries during the Global Pandemic Crisis

Sustainable economic growth can be achieved through tourism by protecting the environment, maintaining natural resources, creating employment, improving cultural diversity, and recognizing cultural heritage values. The concept of tourism sustainability is gradually growing globally and becoming a dominant aspect in modern business, as companies need to meet stakeholders' demands regarding environmental management. Sustainable tourism incorporates environmental, social, economic, and cultural issues into operations. The demand for green tourism, ethical consumption, protection of natural resources, and living close to nature is expected to increase. In particular, the latter gains more and more popularity due to the stress caused by the global pandemic and also because values have been re-evaluated at every level of society. In this paper, we explore sustainability in the tourism industry within the international context during the COVID-19 pandemic, with a specific focus on tourism in 35 European countries for the period between January 2020 and September 2021. We aimed to study the impact of tourism on sustainability based on the Eurostat database, using cluster analysis and descriptive statistics. The results indicate that tourism will recover slightly, even though the pandemic will continue, recording different effects in European countries. Furthermore, we highlight the relationship between income and tourism, the clusters on tourism being significantly different according to income. The results also identify potential recovery options to align this business area with global sustainable development goals, generate effective transformational change, and suggest how to create a viable growth process pushed by a glocal perspective.

Financial Inclusion Paradigm Shift in the Postpandemic Period. Digital-Divide and Gender Gap.

Financial inclusion is strongly differentiated by age groups and countries and the pandemic has highlighted the increased gaps and inequalities but also the weaknesses of the system, in terms of flexibility, access and facilities of the customer-bank relationship and also from the perspective of the financial education of young generations and vulnerable people, active in the labor market. Based on the available data provided by the Global Findex database, and some findings after more than one year of COVID-19 crisis we outlined the main aspects of financial digitization, by categories of people and countries. At the same time, we identified the challenges and problems during the pandemic that significantly adjusted the consumption pattern of citizens and increased the need for on-line access for financial transactions. Starting from the analysis of the inequality of access to financial instruments in the last years, from the informational asymmetry in financial education and the challenges of the pandemic period, we underlined the main coordinates of changing the model of sustainable financial inclusion-based on five pillars-access, education, support tools, CSR and resilience. The research results highlight the need for convergence in providing opportunities to consider financial inclusion as a public good and an active tool to increase consumers' satisfaction and the quality of life of individuals.