Bruno S. Sergi

Harvard University | Harvard · Faculty of Arts and Sciences

Purpose This study aims to illustrate how bribery and fake news in Eastern European countries can affect businesses across Europe. Countries such as Romania, Bulgaria, Slovenia and Hungary represent sizeable and potential markets. Thanks to their European Union membership and low labor costs, these markets could offer many investment opportunities...

The fight against terrorism has been a significant challenge for civilised countries. Although the “war on terrorism” has been in full effect since the terrorist attacks of September 11, 2001, terrorism continues to pose a threat to the global society. To investigate how current CFT measures could be improved, a qualitative study consisting of a pr...

This paper investigates international experiences and perspectives on how entrepreneurs can improve management practices while minimizing the COVID-19 pandemic’s social drama. The paper probes how companies deal with the myriad challenges they face amid the unfolding pandemic and how these processes’ economic and cultural dimensions may exert an en...

This study examines the role of Sharia stocks to affect the association between conservatism and crash risk. Sharia stocks are represented by the Jakarta Islamic Index (JII) stocks. We use Sharia stocks as a moderating variable to provide contextual issues in discussing conservatism and crash risk. Our findings show that conservatism reduces the cr...

A growing interest in energy efficiency and energy saving from academic researchers and practitioners is notable in many emerging economies, including Russia. Social barriers hinder the transition toward a more energy-efficient economy in the residential sector and for small businesses because of negligence for new energy-efficient technologies, wh...

Prevailing attitudes toward migration describe citizens' preferences towards non-native inhabitants and fulfill a key role in socio-economics as antecedents of citizens’ behaviors. According to literature, the fear (or lack of fear) of labor-market competition between natives and migrants may shape attitudes, especially those of low-skilled workers...

PPPs are long-term and it means somewhere during the tenure of the contract some of the equipment will be outdated. This obsolescence has not been well research and it needs further scrutiny. This chapter deals with this problem in the context of South Africa.

This paper focuses on the current theoretical views of venture capital that predetermines a "narrow" treatment. In the light of the existing "narrow" treatment, venture investors seek private commercial interests in financial support for Industry 4.0, ignoring other interests that fall beyond the limits of the current "narrow" treatment of venture...

In recent years, Russian power grid companies have significantly intensified their planning and implementing innovative projects to introduce various elements of smart grid technology. The global experience shows that the best potential outcome from smart grid technologies largely relies on the customers’ readiness and adoption. To this end, we ass...

This paper assesses the multiplexing efficiency of environmental taxes in ensuring environmental, energy, and economic security which is an integral part of sustainability in six European countries that are leaders in the Environmental Performance Index. This study aims to confirm the hypothesis that environmental taxes and payments could simultane...

Scholarly research has not yet discussed the totality of the 17 sustainable development goals (SDGs) as part of a broader picture of sustainable development. This paper provides a unique analysis of the linkages between institutions, SDGs and digital technologies to establish their exact interdependencies. Factor analysis of the grand challenges of...

This study examines the dynamic linkage among transparency, financial development, income inequality and economic growth of 68 developing countries from 2000 to 2016, using a Panel Vector Autoregressive (PVAR) model. Two transparency indicators namely: (i) World Governance Indicators (WGI) and (ii) Global Index of Information Transparency and Accou...

The relevance of this study lies in the fact that financial risk is a serious obstacle to the development of social entrepreneurship, preventing the implementation of potential support for sustainable development goals in business. The purpose of this article is to clarify specific aspects of financing factors and financial risk related to social e...

This article aims to set a framework on how venture capital could contribute comprehensively to supporting sustainable development goals employing Industry 4.0's digital entrepreneurship, filling a gap in the existing literature concerning the role of venture capital in Industry 4.0. This article advances a new venture capital model, which might pl...

This paper aims to analyse the dynamics of foreign exchange markets in a country facing political uncertainty that prompt capital outflow from the country1. The economic environment under investigation is characterized by dual foreign exchange markets: a formal or official market for foreign exchange with insufficient and volatile foreign exchange...

This study evaluates the productivity of energy efficiency (EE) measures taken at the regional level employing a set of non-parametric statistical methods. The first aspect is investigating the impact of various energy efficiency measures. A high proportion of the population lives in apartment buildings, with limited opportunities to manage their o...

This paper proposes an innovative approach to modelling trade specialisation of Slovakia and Czechia. These countries have a limited export structure concentrated mainly on machinery and transport equipment that require recent technologies and are subject to continuous automation. We aimed to identify factors that impact Slovakia's and Czechia's pe...

Balkan countries typically share remarkable similarities in culture and history. However, this specific region received little academic attention and produced fewer scholarly deals with the green economy. Our intended purpose is to gather the most recent literature on the green economy about Slovenia, Croatia, Serbia and Bosnia and Herzegovina, whi...

Studies show that the impact of financial markets on innovation is mixed. This paper examines whether financial development can help explain the pace of innovation in 68 developed and developing countries during 1995‒2018. By utilizing panel data and incorporating market institutions (market creating, market regulating, market stabilizing, and mark...

Since the 1980s, analysis of spin-offs has become a key line of inquiry in corporate finance. This paper reviews the theory and empirical research papers about spin-off restructuring and measures the monetary value created by spin-offs. First, we document the valuation impact of spin-offs for the divesting firms and then examine such subtleties as...

This article investigates how international decision-making's conditionality aids countries during strenuous economic conditions imposed by the COVID-19 pandemic. It examines and contrasts the European Union's conditionality policies, the International Monetary Fund, and the World Bank as the more influential and leading groups of institutions. The...

Conceptualizing the complexities of the Russian political economy strikingly illustrates the challenging but essential role of the State in the new process of capitalist reforms initiated in the 1990s. A missing ingredient in this discourse has been considering the extraordinary impact technology has on society and how it affects the process. Accor...

Purpose This study aims to cover an important yet largely under-explored topic: the dynamic process of bank liquidity management in a vast developing economy by considering pool of funds hypothesis, signaling hypothesis and risk management hypothesis. Design/methodology/approach The authors apply the dynamic common correlated effect (DCCE) method...

This paper presents a successfully applied development of new datasets and offers an innovative solution through interactive platforms to gather, process, and analyze big data. The paper shows the capabilities, advantages, and perspectives of using datasets in digital public health amid virus threats, e.g., the COVID-19 pandemic. The paper's contri...

This paper analyses the impact of strategic sub-components of the Global Competitiveness Index (GCI) on the Logistics Performance Index (LPI). As a hypothesis, it is assumed that there is a relationship between the LPI and selected factors in GCI, which were grouped into three clusters: infrastructure, human factor, and institutions. The purpose is...

Purpose: The purpose of this chapter is to study the problem of sustainable development financing in the conditions of the budget deficit and investment collapse during the 2020 crisis and to determine the perspectives of solving this problem. Design/Methodology/Approach: The authors determine regression dependence of the sustainable development ma...

This study investigates and compares the continuance intention of full-time business school students and faculty in India and Italy who moved from traditional pedagogy style to the digital classroom due to the COVID-19 pandemic. The study integrates the Expectation Confirmation Model (ECM) and Task-Technology Fit (TTF) to examine their continuance...

In the current global market, which is turbulent, volatile, and continuously changing, companies must consistently sustain and survive during turbulent times. Although Malaysia is paving a way to adapt to the advancement of technology, one of its biggest challenges is sourcing the knowledge, skills, and competencies that will supply solutions to tr...

This article examines the current China-Russia partnership in the energy sector, focusing on natural gas and other Eurasian Economic Union countries’ role in this relationship. It argues that the foundation of China-Russia cooperation is strategic, despite the existence of several long-term issues, which make it fragile. Russia’s “pivot to China” i...

This paper precisely defines the diverging interests of multiple actors in typically achieving and advancing energy efficiency. Gaps in the literature include the short elaboration of energy efficiency factors and conditions and the lack of information about developed and developing countries and thorough consideration of their specific features, i...

This study examines the impact of the change in the Barro Misery Index (BMI) and the novel coronavirus (COVID-19) cases and deaths on the stock markets' returns and volatility. Based on a sample of 76 different countries, we find that an increase in BMI adversely affects the stock returns and increases stock volatility. We also find that an increas...

This proceedings book presents a comprehensive view of “smart” technologies and perspectives of their application in various areas of economic activity. The authors of the book combined the results of the cutting-edge research on the topic of “smart” technologies in the digital economy and Industry 4.0 and developed a unified scientific concept. Th...

Social entrepreneurship is one of the most controversial actualities of the modern economy. On the one hand, social entrepreneurship makes up for "market failures" and prevents the deficit of socially essential goods and services in the marketplace, acting as their supplier. On the other hand, the survival of social entrepreneurship in an aggressiv...

Purpose This study aims to evaluate a hydroponic farm (through Nutrient Film Technique) while considering uncertainty, sustainability, and the system's utility in the dominant desert geography. The idea of the hydroponic farm is to allow individuals/businesses to grow plants. Given the geographical condition, the hydroponics system may be useful in...

Based on the supply of stock market returns hypothesis, we argue that the unprecedented adverse shock of COVID-19 on the countries’ economic growth translates into a negative shock to the stock markets. According to the institutional theory, we also argue that the impact of COVID-19 in emerging countries is different from developed countries. Based...

•The deregulation process played a key role in terms of airport efficiency.•The technical efficiency of 32 Italian airports has been evaluated•The methodological approach has been twofold: DEA and Tobit model•The main results show that efficiency is independent of an airport's size.•The findings highlight the decisive role of public shareholders in...

Ukraine's apparent predisposition for corruption is frequently criticized. This article gives an overview of corruption with a focus on the extractive industries and illustrates reasons why its elimination is desirable for both governments and corporations by using the example of Ukraine. Based on a qualitative study of ten interviews with internat...

This paper aims to explain how the digital economy might unfold new possibilities for optimizing the transport and logistics complex in Russia. This paper develops a new conceptual scenario model and a unique algorithm to show that investing in digital technologies is a critical move in Russia. Blockchain, Big Data, the Internet of Things, virtual...

We empirically examine the role of board gender diversity in influencing stock price crash risk at the firm-level in twelve (12) Asia-Pacific Markets. Using a dataset comprising data from 1021 listed firms over the period 2006–2016, we employ a random effect model in a regression setting. Controlling for the firm and market-level variables, we find...

This article explores different scenarios of implementing artificial intelligence (AI) in Russia. The relevance of the research and the range of problems addressed in it consist in the fact that Russia is not fully realizing the potential of innovative economic development. AI can accelerate the innovative development of Russia's Economy, but it en...

The purpose of the chapter is to create a scenario of modern Africa’s development until 2030 with preservation of the pre-digital technological mode. The authors use the methodology of the Theory of Games—in particular, the method of regression and scenario analysis and the simplex method. The authors use the noosphere approach and study the system...

Purpose The study addresses the crucial issue of sustainable development goals (SDGs) and institutional voids in the peri-urban geographies of India. The peri-urban geographies, though within a cosmopolitical city, lack basic amenities like drinking water, sanitation and waste management. We study social entrepreneurial strategies to address these...

The chapter aims at studying the opportunities and barriers on the path of hi-tech development of modern Africa and determining the perspectives of overcoming them. The methodological basis of the research includes the method of variation analysis, correlation analysis, and SWOT analysis. The research objects are top 10 African countries as to the...

Inclusive growth of modern Africa has large perspectives, one of which is the development of entrepreneurship. There is a range of spheres in which African entrepreneurship is successfully developing and which provide wide perspectives for its future growth. These spheres include consulting, construction, tourism, space industry, railroad and other...

The purpose of this article is to understand the impact of shared value approach in generating sustainable socio-economic value for the marginalized sections of the society, especially the women from low-income households living in rural and semi-urban areas. This article analyses the conception, design and implementation of GNFC Neem Project initi...

Modern Africa needs reliable infrastructural support. The key directions of sustainable development of the African economy at a modern stage are increase of accessibility of electric energy, provision of its autonomous character, and increase of energy efficiency. This envisages usage of alternative sources of energy—for example, solar energy—and i...

In order to incentivize different actors to comply with environmental laws, the European Union pays out US$65 billion a year in subsidies — three times as much as the United States. Although these subsidies are bound to certain prerequisites, this article demonstrates how farmers, businesses and corporations use bribes to circumvent these guideline...

This paper compares today’s corporate management in developing markets (BRICS countries) vs. developed markets (the OECD countries). The influence of determining a new social corporate management season considering social distancing amid the COVID-19 pandemic on emerging markets' economic growth is ascertained and set apart from corporate managemen...

The primary focus of this Element is to understand the rise of smart 'social' infrastructures in BoP emerging markets like India. It has been observed that new focus areas and frontiers of global economy are taking shape where social and environmental outcomes along with economic performance are considered to be collective parameters for success or...

Dubai has evolved into a Middle Eastern trading centre that is home to countless onshore and offshore corporations. Serving as a hub for trade in gold, precious metals, diamonds, and other goods, it encourages foreign business owners to establish entities in one of the UAE's 45 free-trade zones, all of which offer generous taxation regimes and expe...

The article shows the possibilities of Data Set “Interactive Statistics and Intelligent Analytics of the Balanced State of the Regional Economy of Russia in Terms of Big Data and Blockchain – 2020”. For creation of the data set, we formed time rows of the values of the selected indicators, which characterize the balance of Russia's regional economy...

Cambridge Core - Economics: General Interest - Towards a Theory of 'Smart' Social Infrastructures at Base of the Pyramid - by Sandeep Goyal

Purpose The purpose of this article is to determine the future proportion and variants of usage of human intellect and artificial intelligence (AI) in entrepreneurship of industry 4.0 that fits social entrepreneurship the most. It could be convergence (simultaneous utilization during the same entrepreneurial processes with the emphasis on unique fe...

This proceedings book features selected papers from the 9th National Scientific and Practical Conference “Digital Economy: Complexity and Variety Vs. Rationality,” which took place on April 17–18, 2019, in Vladimir (Russian Federation). It presents the latest research in the field of the digital economy, discussing its role in the creation of advan...

These proceedings gather the best papers presented at the “10th International Scientific and Practical Conference – the 21st Century from the Positions of Modern Science: Intellectual, Digital and Innovative Aspects,” which was organized by the non-profit organization “Institute of Scientific Communications.” The conference took place on May 23–24...

This book presents advanced research studies on the topic of artificial intelligence as a component of social and economic relations and processes. It gathers research papers from the International Research-to-Practice Conference “The 21st Century from the Positions of Modern Science: Intellectual, Digital and Innovative Aspects” (May 23–24, 2019,...

This book presents a system view of the digital scientific and technological revolution, including its genesis and prerequisites, current trends, as well as current and potential issues and future prospects. It gathers selected research papers presented at the 12th International Scientific and Practical Conference, organized by the Institute of Sci...

This edited volume explores and dissects Africa's economic growth and sustainable development using an optimal conceptual model of the progressive continent's development up to and until 2030. Africa is studied not against the background of developed (OECD) and leading developing (e.g. BRICS) countries, but as a separate economy and as a self-suffi...

This edited volume explores and dissects Africa's economic growth and sustainable development using an optimal conceptual model of the progressive continent's development up to and until 2030. Africa is studied not against the background of developed (OECD) and leading developing (e.g. BRICS) countries, but as a separate economy and as a self-suffi...

This paper goes through some recent developments in the field of management science and economics of well-being, trying to prove a link between working conditions and subjective well-being. Using the fifth round of the European Social Survey, which is the most recent set of data with a module focusing on the interrelations between work, family and...

Research background: Starting from the concept of "post-colonial cultural dependence" and its significance for the contemporary Ukrainian society, imaginary geography is analyzed by describing the representations of the characteristics of countries, regions, places, and people living in these territories. Imaginary geography as a cultural structure...

Purpose This paper aims to determine the trends and prospects of the development of social entrepreneurship in Russia and Asian countries. Design/methodology/approach The methodology includes trend, regression, and correlation analysis and scenario (imitation) modeling and elaborates on perspectives and recommendations for further development of s...

Purpose The purpose of this paper is to study whether the presence of women directors on the corporate board influences financial performance (FP). To examine the underlying causal mechanism, the authors modeled firm-level intellectual capital efficiency (ICE) in the relationshipbetween board gender diversity (BGD) and FP. Design/methodology/appro...

Background: The aim of this paper to analyze the dynamics of foreign exchange markets in a country facing political uncertainty that prompt capital outflow from the country 1. The economic environment under investigation is characterized by dual foreign exchange markets: a formal or official market for foreign exchange with insufficient and volatil...