Data Science for Economics and Finance


Book Description

This open access book covers the use of data science, including advanced machine learning, big data analytics, Semantic Web technologies, natural language processing, social media analysis, time series analysis, among others, for applications in economics and finance. In addition, it shows some successful applications of advanced data science solutions used to extract new knowledge from data in order to improve economic forecasting models. The book starts with an introduction on the use of data science technologies in economics and finance and is followed by thirteen chapters showing success stories of the application of specific data science methodologies, touching on particular topics related to novel big data sources and technologies for economic analysis (e.g. social media and news); big data models leveraging on supervised/unsupervised (deep) machine learning; natural language processing to build economic and financial indicators; and forecasting and nowcasting of economic variables through time series analysis. This book is relevant to all stakeholders involved in digital and data-intensive research in economics and finance, helping them to understand the main opportunities and challenges, become familiar with the latest methodological findings, and learn how to use and evaluate the performances of novel tools and frameworks. It primarily targets data scientists and business analysts exploiting data science technologies, and it will also be a useful resource to research students in disciplines and courses related to these topics. Overall, readers will learn modern and effective data science solutions to create tangible innovations for economic and financial applications.




Models and Methods in Economics and Management Science


Book Description

With this book, distinguished and notable contributors wish to honor Professor Charles S. Tapiero’s scientific achievements. Although it covers only a few of the directions Professor Tapiero has taken in his work, it presents important modern developments in theory and in diverse applications, as studied by his colleagues and followers, further advancing the topics Tapiero has been investigating. The book is divided into three parts featuring original contributions covering the following areas: general modeling and analysis; applications to marketing, economy and finance; and applications to operations and manufacturing. Professor Tapiero is among the most active researchers in control theory; in the late sixties, he started to enthusiastically promote optimal control theory along with differential games, successfully applying it to diverse problems ranging from classical operations research models to finance, risk and insurance, marketing, transportation and operations management, conflict management and game theory, engineering, regional and urban sciences, environmental economics, and organizational behavior. Over the years, Professor Tapiero has produced over 300 papers and communications and 14 books, which have had a major impact on modern theoretical and applied research. Notable among his numerous pioneering scientific contributions are the use of graph theory in the behavioral sciences, the modeling of advertising as a random walk, the resolution of stochastic zero-sum differential games, the modeling of quality control as a stochastic competitive game, and the development of impulsive control methods in management. Charles Tapiero’s creativity applies both in formulating original issues, modeling complex phenomena and solving complex mathematical problems.




Innovation, Science, and Institutional Change


Book Description

Innovation is central to the dynamics and success of organizations and society in the modern world, the process famously referred to by Schumpeter as 'gales of creative destruction'. This ambitious and wide ranging book makes the case for a new approach to the study of innovation. It is the editors' conviction that this approach must accomplish several objectives: it must recognise that innovation encompasses changes in organizations and society, as well as products and processes; it must be genuinely interdisciplinary and include contributes from economics, sociology, management and political science; It must be international, to reflect both different patterns or systems of innovation, and different research traditions; and it must reflect the fundamental changes taking place in science, research and knowledge creation at all levels. To this end they have gathered together a distinguished group of economists, sociologists, political scientists, and organization, innovation and institutional theorists to both assess current research on innovation, and to set out a new research agenda. This has been achieved through careful planning and development of the project, and also through the ensuing structure of the book which looks in turn at Product and Process Innovation (perhaps the best established focus of existing research on innovation), Scientific Research (assessing the changing character of basic research and science policy); Knowledge Dynamics in Context (encompassing organizational learning in all its aspects); and Institutional Change (an analysis of the institutional context that can shape, enable and constrain innovation). This carefully integrated and wide ranging book will be an ideal reference point for academics and researchers across the Social Sciences interested in all dimensions of innovation - be they in the field of Management Studies, Economics, Organization Studies, Sociology, Political Science and Science and Technology Studies.




Quantitative Research in Economics and Management Sciences


Book Description

In this thematic issue of the Journal of Entrepreneurship, Management and Innovation, entitled Qualitative Research in Economics and Management Sciences, the authors used many quantitative methods and research models, e.g. SEM, PLS-SEM, or probit models (Table 1). Each of these approaches is characterized by methodological rigor and an assessment of the reliability and validity of the research instruments used. Pini and Tchorek (2022) analyze the determinants of exports in two European, culturally related countries, such as Italy and Poland, using an econometric and probit model, which implies a normal distribution of errors and is adapted to binary responses (excluding size and age variables). The authors investigate the influence of many independent variables (size, age, management by family members or external managers) on the dependent variable (export), controlling the research model by product and process innovation, location in a less developed region, operations in a high/medium-high technology-intensive sector or cooperation with many banks. The results confirm the authors' initial assumptions that the size of companies influences the exports of the surveyed countries; the age of companies exporting their goods is more important in Italy than in Poland, where no such impact has been recorded. In addition, management by an external manager increases the likelihood of exports for younger family businesses in Italy and smaller family businesses in Poland. The authors also showed that product innovation is the engine of exports in Italy and Poland, and geographic location affects the likelihood of exports in Italy, but not in Poland. In other studies, Paulino (2022) presents the growing business analytics and business intelligence in the Philippines, their impact on organizational performance, and marketing, financial, and business process performance indicators. Retail companies were selected for the study, focusing on advanced data management used in business operations. The author mainly used the well-known PLS-SEM model, and his research instrument was assessed in terms of content validity, construct validity, and reliability. The results of the measurement and structural model evaluation were also subject to verification. The results indicate the impact of business analytics capabilities (including the ability of the decision support system (DSS), business process improvement (BPM), data dashboard (DD), and financial analysis (FA) on the business intelligence level. In addition, it has been empirically verified that organizational performance influences marketing, financial, and business process performance. Overall, business intelligence is an essential predictor of a retail company's organizational performance. The assumption that the level of readiness to implement business analytics can be treated as a moderating factor between business analytics and organizational performance has not been confirmed. The next article by Klimontowicz and Majewska (2022) presents the positive impact of intellectual capital (IC), especially its three components, such as process capital, human capital and relational capital, on the competitiveness of banks and market efficiency. The authors used the following methods and tools: Principal Axis Factor Analysis, PLS-SEM, PAPI, and CAWI. As a result of their application, they emphasize that, in contrast to previous research, the process capital dominates the bank's potential to create a competitive advantage, not human capital, proving the vital role of technology and innovation. They found that competitive performance moderates the relationship between IC and market efficiency; the environment positively moderates the relationship between IC and competitor performance as well as the relationship between competitor performance and market efficiency. The size of the bank and the length of its market activity affect the market efficiency measured by the average rate of changes in ROA and ROE. The study expands the existing evidence, mainly from well-developed countries, on the intellectual capital of Polish banks, emphasizing the process capital to a much greater extent as a modern and so far little exposed component of IC in other research. The last two articles refer to human resource management. Hassan's study (2022) explores the impact of human resource management (HRM) practices on employee retention. In addition, he moderates the role of performance evaluation, training and development in the relationship between HRM practices and employee retention. Using SEM and questionnaires validated by other researchers, the author proves the originality of research in the retail sector in the Maldives on improving employee retention, a complementary approach to the impact of rewards and compensations, training and employee development, as well as assessing their results in human capital management, recommending practical solutions for the sector retail Maldives. In another study on workers’ adaptive performance, Tan and Antonio (2022) using PLS-SEM prove that the new form of remote work and the so-called e-leadership forced by the COVID-19 pandemic have changed the way employers and employees interact. Organizational commitment, teleworking and a sense of purpose affect the adaptive performance of employees directly, while the perception of e-leadership indirectly. It is also one of the first studies to capture intrinsic motivation as the antecedent of employee adaptive performance, along with perceived e-leadership and teleworking results.




The Modern State and Its Study


Book Description

International contributors present an overview of the development and state of the art of administrative sciences in various European countries and the US. They analyze how particular national approaches to the study of administration influence and are influenced by various national institutions, and make comparisons between countries and more generally between Europe and US public administration. Kickert teaches public management at Erasmus University Rotterdam, The Netherlands. Stillman teaches public administration at the University of Colorado. Annotation copyrighted by Book News, Inc., Portland, OR




Contemporary Issues in Business, Economics and Finance


Book Description

Contemporary Studies in Economic and Financial Analysis (CSEF 104) dedicates 16 chapters in articles and studies on Contemporary Issues of Business Economics and Finance. Authors contributed from the International Applied Social Science Congress, held in Turkey.




Academic Research & Reviews in Social, Human and Administrative Sciences - I


Book Description

Published by: Global Academy Publishing House Cover & Design: Global Academy Publishing House & Erhan Karaman ISBN Number: 978-625-8284-55-3 Publishing Date: February 25, 2023 All rights of this book belong to Global Academy Publishing House.No part of this publication may be reproduced, stored, retrieved system, ortransmitted, in any form or by any means, without the written permission of the Global Academy Publishing House. Any person who does any unauthorized act in relation to this publication may be liable for criminal prosecution and civil claims for damages. All chapters published in this book have been double blind peer reviewed. ©Copyright February, 2023 Certificate No: 64419 Adress: Konutkent 2955. St. Oyak 1 No: 8/6 Cankaya / Ankara / TURKIYE The individual essays remain the intellectual properties of the contributors. e-mail: [email protected] https://www.globalacademy.com.tr/ Place of Publication: Kaplan Ofset Adress: Davutpaşa caddesi, Güven iş Merkezi, C Blok No:279-280 İstanbul Certificate No: 44367 Perface This book provides insight into the Examination of institutions in terms of working hours, fragile currency, fragile economies and nominal triple deficits index (r-tdi), digitization of human resource management, regional convergence, and innovation policies in the countries under study, development of skills and processes related to primary school education, private sector activities within the framework of climate policies in relevant areas, the impact of disruptive and turbulent environments on multinational companies in terms of international relations, efficiency analysis of wind power plants in Turkey using enhanced OCRA context and social transformation in mass communication. It also addresses modern issues related to digitalization, innovation, the development of reading skills, and climate policies. Decision-makers and international institutions are interested in it. The book dealt with a set of recent studies related to that time and meanings are created at the intersection of each other based on the worker's life, relationships and employment history, that the issue of good governance is much more important than the issue of additional public investment, that institutions and mechanisms are essential for the diversification of production, that scientific studies in the light of the data obtained from two large databases such as Web of Science and Scopus after theoretical information on the digitalization of HRM are very few studies in this field, One of the skills measured in the internationally recognized PISA exam, which is attended by students from 79 countries, is the ability to read, recent economic disruptions are a close link between political processes and the strategies of multinational corporations (MNCsr) and their affiliates, Turkey continues to view the problem of the climate crisis as a foreign policy issue, and in order to measure the representation of the r-TDI index, other indicators of fragility for a decade or more With the help of tables and graphs, the conclusions of the assessments made on eleven fragile economies and in this context the fragility of the TDI values are primarily the ability to represent and the extent of its effects on institutions and organizations as well. This book is intended for management scholars, researchers, doctoral students, and entrepreneurs and policymakers.