ABSTRACT
In 2021 the OECD launched the Global Minimum Company Tax to implement the Action 1 of the BEPS Project. This instrument has seen as a good mechanism to prevent company avoiding taxes at the global level and to stop existence of the harmful tax regimes worldwide, as well as a good mechanism to achieve fair taxation in the era of global digitalization. However, the broke-out of the COVID-19 pandemic and, consequently, the close of the national borders, then armed conflict between Russia and Ukraine, boost financial crisis and the crises in almost all social and industrial spheres at the global level. Such unwilling trend, between all, has influenced behavior of the companies and the initial optimism of the OECD and other international organizations that the global minimum company tax, at the very end, would end existence of the harmful tax regimes, tax avoidance and unfair taxation, dropped significantly. Therefore, at the very end of the 2022 and the beginning of the 2023, the OECD launched consultation document on tax certainty in the application of the Pillar Two of the global minimum tax known as a GloBE (Global Anti-Base Erosion) Model Rules. This paper deals with mentioned issue and actual problems that the application of the GLoBE rules is faced with.
ABSTRACT
In Japan, workcations have gained attention as a way to offset the economic damage caused to inbound tourism by the COVID-19 pandemic. Considering its aims to contribute to the local community and increase interactions with local residents, the Japanese-style workcation can be positioned as a form of digital nomadism that seeks alternatives to existing work styles. This study is based on fieldwork in Tottori Prefecture in Japan and includes interviews and participant observation. It aims to examine (1) national and local government workcation policies, (2) the development of new services and businesses that facilitate workcation, and (3) the process of introducing hybrid work in companies. Japanese-style workcation as a social design can offer solutions to problems such as the concentration of population in cities, ageing population, and declining tourism industry. The work styles and lifestyles suggested by the Japanese-style workcation should continue to be explored as an area where new tourism, social design, and community design overlap. At the same time, incorporating digital nomadism as individualism into the workcation remains a future issue.
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Background: Companies had to find quick solutions for continuing to work due to the pandemic in spring 2020. However, working conditions at home (teleworking) do not always comply with the basic principles and quality criteria of workplace health promotion (WHP). Objectives: How strongly is the approach of health-promoting telework (working at home) established in companies and what influences the strategic anchoring and the use of supporting materials? Materials and methods: Theoretically derived hypotheses were operationalised and 1858 Austrian companies were invited to participate in an online survey. The sample (n = 192) represents a broad mix of company sizes, sectors and regions. Results: Workplaces vary widely in their intention to implement health-promoting telework in the future. A part can be explained by multivariate path models, with behavioural control and social norms playing a central role. The former is determined by the degree of preparation for telework and its implementation in the company. In particular, teleworking culture, in addition to teleworking readiness, is shown to be responsible for the strength of social norms towards its implementation. Conclusions: Teleworking has so far received too little attention in the sense of holistic WHP. Such an implementation strongly depends on the health-promoting corporate structures and processes, the culture, and the decision-makers' scope for action. Companies are recommended to follow the concept of capacity building in order to build up competencies and knowledge and to enable appropriate measures.
ABSTRACT
The main purpose of this research is to analyze the using of bank loans provided by the banking sector in accommodation companies traded in Borsa Istanbul in terms of type, maturity and cost. The study also examined the impact of the Covid-19 outbreak on the accommodation companies' use of bank loans. In this context, the level of bank loan usage, the type of bank loans, interest rates, maturity and their distribution in currency between the years 2009 and 2021 were tried to be determined by ratio and document analysis. As a result of the analysis, it was determined that 10,84% of the assets in accommodation companies are financed by bank loans, the use of bank loans in total liabilities is 19.92% and short-term bank loans are preferred. It was also detected that accommodation companies mainly benefit from business loans, daily spot loans, revolving loans, current account loans, foreign exchange earning loans, vehicle loans and investment loans in Turkish Lira, Dollar, Euro and Sterling with interest rates varying every year. However, compared to the pre-Covid-19 outbreak period, it was observed that the level of bank loans used by accommodation companies first decreased, but then increased again.
ABSTRACT
1. Background: Some reports have suggested that as many as one-half of all hospital inpatients identified as COVID-19-positive during the Omicron BA.1 variant-driven wave were incidental cases admitted primarily for reasons other than their viral infections. To date, however, there are no prospective longitudinal studies of a representative panel of hospitals based on pre-established criteria for determining whether a patient was, in fact, admitted as a result of the disease. 2. Materials and Methods: To fill this gap, we developed a formula to estimate the fraction of incidental COVID-19 hospitalizations that relies on measurable, population-based parameters. We applied our approach to a longitudinal panel of 164 counties throughout the United States, covering a 4-week interval ending in the first week of January 2022. 3. Results: Within this panel, we estimated that COVID-19 incidence was rising exponentially at a rate of 9.34% per day (95% CI, 8.93–9.87). Assuming that only one-quarter of all Omicron BA.1 infections had been reported by public authorities, we further estimated the aggregate prevalence of active SARS-CoV-2 infection during the first week of January to be 3.45%. During the same week, among 250 high-COVID-volume hospitals within our 164-county panel, an estimated one in four inpatients was COVID-positive. Based upon these estimates, we computed that 10.6% of such COVID-19-positive hospitalized patients were incidental infections. Across individual counties, the median fraction of incidental COVID-19 hospitalizations was 9.5%, with an interquartile range of 6.7 to 12.7%. 4. Conclusion: Incidental COVID-19 infections appear to have been a nontrivial fraction of all COVID-19-positive hospitalized patients during the Omicron BA.1 wave. In the aggregate, however, the burden of patients admitted for complications of their viral infections was far greater. [ FROM AUTHOR] Copyright of COVID is the property of MDPI 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.)
ABSTRACT
This commentary explores the potential of private companies to advance scientific progress and solve social challenges through opening and sharing their data. Open data can accelerate scientific discoveries, foster collaboration, and promote long-term business success. However, concerns regarding data privacy and security can hinder data sharing. Companies have options to mitigate the challenges through developing data governance mechanisms, collaborating with stakeholders, communicating the benefits, and creating incentives for data sharing, among others. Ultimately, open data has immense potential to drive positive social impact and business value, and companies can explore solutions for their specific circumstances and tailor them to their specific needs.
ABSTRACT
The U.S. border security apparatus is moving around the globe as climate change, the coronavirus pandemic and corporatization create political and economic chaos. Global north governments seek to keep out migrants and refugees from the global south while corporations in the global north want protection to maintain their wealth. U.S. government bureaucratic agencies such as Custom and Border Protection's Border Patrol Tactical Unit are sent abroad to expand U.S. influence in an empire of borders to train receptive government security and border forces and to regulate, detain and prevent migrants and refugees well beyond the U.S. border. Governments are waging war against the people, creating a "securocracy" comprised of profit seeking military arms corporations and allied government agents to quell resistance and border crossers. Examined are the effects and impacts of the U.S. Department of Homeland Security on global border securocracy beginning with an analysis of the Mexico-U.S. border, moving to international borders in Latin America and beyond. The theoretical concept of border securocracy is expanded from the securocracy literature in the context of the north versus south globalization conflict. [ FROM AUTHOR] Copyright of Administrative Theory & Praxis (Taylor & Francis Ltd) is the property of Taylor & Francis Ltd 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.)
ABSTRACT
Our world is changing too fast. The distances have been shortened and communication has been increased by the invention and widespread use of the internet. Our habits started to change in many aspects of our lives by the development of digitalization. Especially during the pandemic Covid-19 that has started at the end of 2019, it's observed that mobility of people have been decreased and however, they began to have difficulties in meeting the needs. There has been a great demand for companies that sell over the internet. In particular, the tendencies of people to purchase food items which are their vital need over the internet have increased to a great extent. Looking at the e-commerce market on a sectorial basis during the pandemic, the biggest increase was seen in e-food trade with a growth of approximately 400%. Within that period, it is predicted that our purchasing habits will change rapidly and virtual markets will become much more important in our lives. The delivery of food products to the consumer has always been a big problem. The risk of deterioration of the products in a short time and the physical destruction of the products during their transportation has increased the importance of food logistics. The logistics channels are needed to be developed in order to increase e-food trade. For this reason, contemporary logistics channels have started to be used by integrating developed logistics applications to the traditional logistics channels. It will be much faster and cost-efficient to deliver the products to the consumer with the new logistics channels in the near future. Yield penalty due to transportation will decrease, and since the number of stock brokers is reduced, the consumer will be able to reach the product they demand at a more affordable price from the producer that they have chosen. In the future, physical stores will be replaced by logistics-supported virtual markets. The agriculture and food sector should also start working in order to accommodate quickly to the new trade order.
ABSTRACT
One of the most important sectors of tourism globally is cruise tourism, as is giving a leisure experience to cruisers who are traveling across different destinations. It is also one of the most growing sectors in the tourism industry as is becoming increasingly popular. In this review study, conducted employing thematic analysis and thematic synthesis, the authors aim to approach the COVID-19 crisis era financial investments of dominant cruise companies as a component of global economic growth. Nowadays, the cruise industry operates big cruise ships as is contrary to the cruise industry back in 1960s. This study finds that the biggest cruise companies line up investment plans to renew their cruise fleet with larger, more modern, and environmentally friendly ships, borrowing from favorable financing sources. In other words, the companies are trying to introduce specific strategies to maintain their business growth, by investing in building new vessels with the target of expanding their current fleet with cruise ships with better capacity.
ABSTRACT
Living conditions in today's metropolitan cities shorten the time it takes for individuals to do sports. With the Covid-19 pandemic, the use of the home office environment has increased, causing physical activities to be moved to the indoor environment. The home environment has brought people's desire for socialization, physical activity, reduction of anxiety levels, and psychological relaxation to the fore even more. The epidemic, which still continues after the closure of more than two years, has expanded the use of casual clothes in the field of formal wear. Employees at the global level have turned to the use of leisure clothing, which provides more comfort than in the past. Depending on this demand, production has also gained momentum in the global sports ready-to-wear industry. This study aims to determine the ready-made clothing products preferred by individuals who regularly do sports and compare them with global data. The data of the research, in which the descriptive method was selected, was collected from structured questionnaires and literature data. The study group consisted of 208 people who volunteered to participate in the research and whose answers were accepted as valid, among the people who regularly do sports in the four big cities of Turkey (Bursa, Ankara, Istanbul, Izmir). Some of the data were collected over the internet due to the epidemic, and some of the data were collected through face-to-face interviews in gyms. Descriptive statistics applied data show similarities with global-based apparel market data. Individuals do sports to stay physically and mentally healthy and socialize. Indoor sports halls and houses are the most preferred places for sports activities, and the most preferred clothing products are t-shirts, tracksuits, and undershirt/singlet. The findings have been interpreted comparatively with the global data. It has been tried to reveal the future-oriented data for the product groups and market segments of the companies.
ABSTRACT
The COVID-19 pandemic caused several short- and mid-term disruptions, to which businesses must adapt. The main goal of this research is to investigate the impact of e-traders response to Covid-19 challenges on online growth. Using existing survey data results linear multiply regression was performed and statistically significant results confirmed that online growth during the Covid-19 emergency was higher in the companies that undertake marketing and delivery adaptation. Further, it was confirmed that e-traders that were selling traditionally and online made higher online growth. Companies with fewer employees were more adaptable to reach higher online growth. Online growth obviously was affected by online sales, and online visits do not statistically significantly influence online growth. The e-traders that believe in the potential for e-commerce in North Macedonia have achieved higher online growth. The timing of the start of the online business does not affect the online growth of e-traders.
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The purposive design, production and marketing of legal but health-demoting products that stimulate habitual consumption and pleasure for maximum profit has been called 'limbic capitalism'. In this article, drawing on alcohol and tobacco as key examples, we extend this framework into the digital realm. We argue that 'limbic platform capitalism' is a serious threat to the health and wellbeing of individuals, communities and populations. Accessed routinely through everyday digital devices, social media platforms aggressively intensify limbic capitalism because they also work through embodied limbic processes. These platforms are designed to generate, analyse and apply vast amounts of personalised data in an effort to tune flows of online content to capture users' time and attention, and influence their affects, moods, emotions and desires in order to increase profits. Social media are central to young people's socialising, identities, leisure practices and engagement in civic life. Young people actively appropriate social media for their own ends but are simultaneously recruited as consumers who are specifically targeted by producers of limbic products and services. Social media platforms have seen large increases in users and traffic through the COVID-19 pandemic and limbic capitalism has worked to intensify marketing that is context, time and place specific, driving online purchases and deliveries of limbic products. This has public health implications that require immediate attention as existing regulatory frameworks are woefully inadequate in this era of data-driven, algorithmic marketing.
ABSTRACT
Today, when sports have become a very important sector for the economy, football, which is one of the favorite elements of the sports sector, has a very large financial position among other sports branches. Many different organizations such as UEFA also contributed to this position. In this study, the effect of the Covid-19 epidemic, which was declared a pandemic by the World Health Organization on March 11, 2020, on football clubs was analyzed through the financial statements of football clubs. In the research, the ratio analysis method was applied through the financial statements of the three football clubs in the category of UEFA champions league leaders as of 5 May 2021 and the football companies traded in the BIST for the periods 2017, 2018, 2019, 2020, and 2021. As a result, it has been revealed that all clubs were affected negatively compared to the pre-pandemic period, but the three clubs, which are UEFA leaders, were less affected by the negative effects of the pandemic due to their strong financial resources and sporting successes. In the evaluation of the research, it has been revealed that Besiktas is the club with the best debt-paying power among the clubs in Turkey. It was evaluated that the net working capital of the other three clubs was negative. It is understood that the three clubs, which are the ranking leaders in 2021, have strong financial positions that do not differ much from each other. It is another result that the solvency and resource structures of Turkish football clubs and UEFA ranking leaders are far from each other. This situation is generally;It can be attributed to sportive success, the difference in the income balance and the increase in the exchange rate in our country.
ABSTRACT
PurposeMobile-based payment is increasing exponentially but in the developing country like India, consumers' perception is highly positive in daily cash transaction. The purpose of this research is to identify and examine the important challenges for mobile wallet (m-wallet) implementation in India. In the wake of COVID-19, one of the transmission mechanisms of this virus has been the coins and paper money passed between a buyer and a seller. As such m-wallet considered as a convenience of payment has become a necessity in light of the pandemic.Design/methodology/approachThe authors explored 19 unique sets of challenges selected from the literature and collected data from 14 experts from private sector, multinational corporations and mixed private and public partnership who have significant knowledge and experience of mobile payment implementation and use in their respective organisations. Also, the authors have used Interpretive Structural Modelling (ISM) methodology in developing a hierarchal model for the identified challenges. The authors implemented Cross-Impact Matrix Multiplication Applied to Classification (MICMAC) analysis to classify the identified challenges.FindingsThe ISM-based framework is divided into nine different hierarchical levels. "Lack of strong regulatory compliance (Ch6)” has been recognised as the most important challenge, which inhibited the mobile wallet implementation, whereas "Perception of customers about the value of using mobile wallets (Ch11)” is the most dependent critical challenge. There are seven hierarchical layers in between the top and the bottom level with the varied number of challenges based on their driving and dependence power.Originality/valueThis is the first research to the best of our knowledge that has not only comprehensively reviewed the m-wallet literature but also employed a unique ISM-MICMAC-based approach to develop a framework of challenges for the m-wallet implementation.
ABSTRACT
The authors stress that both economic and military investments will be required to counter China's integration of statecraft and industry.1 It is further suggested that a selective procurement of allies within the Asian-Pacific region is necessary to counter Chinese economic dominance, military aggression, and coercive practices.2 An Open World suggests that the United States should look to build on existing relationships within trade and security cooperatives in the Indo-Pacific region and bolster the Quadrilateral Security Dialogue, known as the Quad, to become a formal alliance that projects a robust military presence to counter Chinese aggression and encroachment within the South China Sea. [...]the authors point out the current dearth of expertise, talent, and diplomatic finesse that exists within the United States Department of State. In November 2020, the four members participated in a joint naval exercise meant to improve sea readiness for their fleets.6 This exercise was followed by a virtual meeting the following March and the establishment of working groups to tackle challenges such as supply-chain resilience and COVID-19 vaccine production and distribution.7 If these working groups are the extent of the Quad's influence, then the United States needs to seek other alliances to combat China's aggressive economic and military tactics. Coupling public and private sector goals While this type of partnership with private firms is promising, the authors admit to the widening gap between the national security interests of the public sector and the industrial mission of private corporations, which seems to weaken their argument.
ABSTRACT
Banks had a crucial role in both major crises that hit the globe in the last fifteen years. While they were held responsible for onset of the global financial crisis in 2007, banks, oppositely, greatly contributed in mitigating the negative effects of recent health crisis caused by COVID-19. The latter calamity showed us that certain natural events can represent significant threat not only to human lives and health but also to financial markets. Apart from pandemic, there is another nature related threat on the financial market horizon - the climate change. Recent actions on EU and international level show that role of the banks in tackling climate change crisis would not be negligible. For decades there were multiple attempts to encourage governments to take bolder measures to combat climate change by signing various international agreements. Nonetheless, only the Paris Agreement, that aims to reduce greenhouse gas emission to achieve a climate neutral world by 2050, proved to be a real game changer. Ever since the Agreement entered into force in 2015, there is a continuous and significant rise in climate change litigations. Such litigations are initiated primarily against governments for not reaching the Paris Agreements goals, but also against private sector - notably the emitters of CO2. However, not only are CO2 emitters held personally responsible for environmental damage in legal proceedings conducted, but also other parties that could influence CO2 emissions. Banks can indirectly influence CO2 emission, for example by providing credit lines to carbon-intensive sectors. However, this indirect influence of banks to climate change is still not specifically recognized and regulated. Analysis of the climate change litigation landmark cases shows that national jurisdictions do not contain the legal basis for climate change responsibility stricto sensu. This legislative shortcoming is, however, overcome by interpreting legal principles and human rights obligations that arise from various international documents. Against this backdrop, it is necessary to ascertain is there a real climate change litigation risk for EU banks? Could banks, as private entities, be held responsible for contribution to climate change by invoking human rights? If the answer is affirmative, what can banks do in order to mitigate this risk? And finally, according to existing legal framework, are Croatian banks exposed to climate change litigation risk?
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In this paper, we construct a hybrid model, consisted of a Bayesian Vector Autoregressive structure with Bayesian stochastic volatility (SVAR-SV), as well as, Fourier Series (FS). We test the model's performance in terms of forecasting ability, comparing it with simple Bayesian stochastic volatility (SV), and also with a classical econometric autoregressive model. By estimating the average prices of the major Food futures in the stock market, and the average prices of the biggest Marine companies' stocks, we test the effect of Covid-19 on these stocks, through the proposed hybrid model, and the impulse-response functions between the aforementioned. Through this approach, we test whether the Covid-19 pandemic hindered the performance of marine companies and affected the food prices, with those two affecting one another. Based on the findings, a shock is apparent from the Food futures to the Marine companies' stocks, and the hybrid model proposed is the best, in terms of forecasting ability.
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Given the increasingly strained relationship between humans and the environment, green marketing has become a necessity for the sustainable development of society. In this context, this paper seeks to explore the influence of multinational enterprises' green marketing behavior on Chinese consumers' green consumption willingness. Through reviewing the related theories and deeply analyzing multinational corporations' CSR, a theoretical model of multinational corporations' CSR and consumer purchase intention has been built in this paper based on consumers' perceptions. The paper provides empirical research on the multinational corporations' CSR, corporate image, consumer ambivalence, and purchase intention, and offers a hypothesis of the relationship between the four. Consumer ethnocentrism can significantly negatively regulate the relationship between corporate image and consumers' willingness to buy and further negatively regulate the process of establishing the corporate social responsibility system of multinational corporations.
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The pandemic is not only changing the structure and functioning of the world economy, but it will also have lasting impacts on the international business strategies of large multinational enterprises (MNEs). We have identified new research questions in the realm of effective governance design, host country opportunities and risks, appropriate levels of subsidiary integration, and the desired involvement of foreign subsidiaries in expanding the firm's activity domain. For scholars studying the strategies of the world's largest firms, this is an opportunity to design better research studies, more closely aligned with managerial practice and therefore more likely to include sound managerial prescriptions. (PsycInfo Database Record (c) 2023 APA, all rights reserved)
ABSTRACT
In response to COVID-19 many companies, particularly technology companies, voluntarily attended to the strained education sector by donating or temporarily discounting their core products, generating public support and gratitude. This type of philanthropic corporate action demonstrates an expansive and perhaps increasing function in the provisioning of certain educational materials and resources by private actors. This article analyzes this strand of corporate activity as pipeline philanthropy and shows how this model of strategic corporate giving differs from existing models of philanthropy in education. Through illustrations this study assesses the democratic implications of corporate entanglement through philanthropic action to evaluate whether the benefits brought about by an enhanced role for corporate actors in education are worth what they compromise. © The Author(s) 2023.