Nikolaos Sariannidis

Technological Educational Institute of Western Macedonia | TEIKOZ · Department of Financial Applications, Technological Education Institute of Western Macedonia

This study emphasises the need for green innovation and GHRM in organisations to achieve long-term sustainability and environmental goals. It summarizes a factorial investigation of GHRM, green innovation, and environmental performance. Sustainable development and pollution reduction improve environmental performance, according to the research. Imp...

Climate change affects several human activities, including corporate conduct. Simultaneously, finance and human resources became essential competitive advantages for organizations. The evolution of management methods, including green finance and green human resources management (GHRM), stemmed from the amalgamation of these two components. The use...

The objective of this chapter is to improve the conversation regarding greenwashing by employing a business model perspective. We argue that the business model literature has the potential to significantly improve current interpretations of greenwashing by linking talk-action discrepancies to the foundational company structure. Firms that intention...

Despite obstacles, private financial institutions in emerging markets and developing economies (EMDEs) have begun green and sustainable lending. A survey of private financial firms in Emerging Markets and Developing Economies found that parent companies of local subsidiaries, foreign investors, other financial industry sectors (like re-insurers), a...

Green HRM is based on the Green Movement. This movement prioritizes environmental and planet preservation. The first UN Human Environment Conference was held in Stockholm in June 1972. Global summits concluded that environmental preservation and enhancement is humanity's top priority. The management industry is embracing “Green HRM.” Companies' HR...

The digital era has created new opportunities for sustainable human resource management. This shift includes remote employment, which promotes work-life balance, and more training programs to master new skills. Greece's commercial and governmental organizations' issues are its major focus. This research analyzes these two sectors to assist public a...

(1) Background: This research aims to investigate the impact of environmental, social, and governance (ESG) factors on European banking corruption. Thus, its novelty is based on considering anti-competitive concerns as a major component that may considerably impact fraud and bribery in corruption investigations. (2) Methods: To approach the researc...

An unsustainable rate of resource production and consumption is evident in urban environments. The absence of innovative approaches in conjunction with the exponential urbanization and expansion of the global population will inevitably result in substantial environmental consequences. There are two emerging alternatives: circular economy (CE) and u...

The paper will compare the Great Depression of 1929 and the Global Financial Crisis of 2008, arguably two of the most pivotal economic crises of all time. While these two crises took place in such different times, the state of the social, economic, and technological atmosphere surrounding them was unique to each condition and event. Looking into th...

This study explores the interactions between inflation and stock market. We carried out a bibliometric analysis with R package to highlight the worldwide research trends in the field, covering the period of three crises (financial, health crisis and war of Ukraine). Next, using monthly data for the period from 1 March 2020 to 31 August 2023 and bas...

Directive 1937/2019 on the protection of persons who report breaches of Union law became effective very recently. However, Directive 1937/2019 lacks sufficient guidance on the implementation or governance of whistleblowing frameworks. In addition, the existing literature lacks a definition of whistleblowing and whistleblowing frameworks that is app...

There is a consensus in the literature that whistleblowing can operate as an instrument for deterring wrongdoing and promoting transparency in organizations. As such, whistleblowing connects with sustainability, and in particular with the UN sustainable development goals (SDG 16, reducing corruption) for transparency and accountability in public se...

Dear Colleagues, It is stated that corporate social responsibility (CSR) and CSR disclosure have emerged together. It can be inferred that CSR is about the commitment of companies’ social and environmental concerns in their business operations beyond their legal obligations. Companies employ a range of different reporting tools to transmit their C...

Empirical research identifies whistleblowing as one of the most effective internal antifraud controls. Very recently, Directive 1937/2019 became effective in the EU, aiming to deal with the defragmentation of whistleblowing legislation among the member states and provide common minimum accepted standards. The present article aims to provide a verif...

This study aimed to investigate the interactions between Bitcoin to euro, gold, and STOXX50 during the period of COVID-19. First, a bibliometric analysis based on the R package was applied to highlight the research trends in the field during the period of the COVID-19 pandemic. While investigating the effects of the pandemic on Bitcoin, the number...

Corporate social responsibility can assist in reducing the noise caused by pricing volatility and a lack of energy-efficient business solutions. The study's objective is twofold: (i) to investigate the role of corporate social responsibility (CSR) in reducing volatility through the contribution of energy-efficient strategies; (ii) to identify resea...

This study provides an empirical investigation of the impact of Corporate Governance (CG) attributes on the environmental and social aspects of Corporate Social Responsibility (CSR). The dependent variables considered for the description of the environmental and social aspects of CSR were determined using the Refinitiv approach, and through the len...

The paper intends to increase the understanding of the diffusion of the Corporate Social Responsibility (CSR) report standard. It specifically investigates the main determinants which influence the decision behind publishing the CSR report according to Global Reporting Initiative (GRI) guideline standards. Two different samples were employed for th...

Corporate economic performance and its association with carbon emissions has been the subject of extensive research within the last few decades. The present study examines the economic performance of green firms as reflected in the Financial Times Stock Exchange Environmental Opportunities Index Series (FTSE EO) and its association with carbon emis...

The objective of this study is to examine, over the last 20 years, the short-run and long-run effect on global carbon dioxide (CO2) emissions of the stock returns, exchange rates and consumer confidence. Stock markets contribute to environmental degradation; as a result, we employed, for the first time, Dow Jones Sustainability World Index to use s...

Corresponding to the pandemic COVID-19, both FED and ECB were committed to using their full range of tools, such as the helicopter money policy and a new quantitative easing programme to support the economy in this challenging time. The goal of this study is to explore the impact of ECB's and FED's COVID-19 Quantitative Easing announcements on exch...

The purpose of this paper is to propose a holistic optimization-based framework for addressing the re-balancing problem of vehicle-sharing schemes. In order to address this issue, the problem is decomposed into three (3) sub-problems that include: (1) the dynamic prediction of vehicle demand in stations or zones (in the case of free-floating system...

We develop and employ a socially responsible inventory model that determines an optimal order quantity and an optimal time instance of donation, taking into account, expectations on the net stock levels at the end of the order cycles. The optimized results of the policy are compared to those derived from the implementation of two currently applied...

At the current critical economic juncture, economic growth in Greece following the policy of severe austerity imposed on Greece by the Tripartite Support Mechanism (European Union-EU, European Central Bank-ECB, and International Monetary Fund-IMF) has led to unpredictable and unprecedented social and macroeconomic consequences. There is no doubt th...

Purpose Fraud omnipresent in the media, the corporate world and the academic literature has attracted a great deal of research interest. Fraud and its various types and forms have been characterized as significant contributing factors to the development of severe financial crises. Recurrent financial crimes in both the private and the public sector...

Supply Chain Management is in the core of businesses’ operational activities worldwide. Its main purpose is the proper management of resources and the assurance of the sustainable operation of the economic entities. However, Supply Chain Management is exposed to breaches related to the code of conduct as well as fraud. Integrating the principles of...

Purpose In recent years, Public Accountability and Integrity have been matters of growing attention, both in the public and private sector, as citizens demand value for money entrusted to the governments through their taxes. In addition, in many countries, after the recent recession, government budgets and corporate returns have been reduced. Many...

Research on the quality of narrative information of annual financial reports has long been dominated by a lack of tools that permit an objective analysis of qualitative disclosure. This study is focused on accounting disclosure research and proposes a comprehensive index that uses Key Performance Indicators to enhance understanding of the quality o...

Effective and thorough credit-risk management is a key factor for lending institutions, as significant financial losses can arise from the borrowers’ default. Consequently, machine learning methods can measure and analyze credit risk objectively when at the same time they face increasingly attention. This study analyzes default payment data from a...

In this paper, we study the contribution of the geographical (both the regional and international) aspect of news releases, related to the Greek sovereign debt crisis. We investigate the impact of the Greek debt crisis via economic news and surprises on Euro exchange rate volatility and volatility-jumps within a Tobit regression framework. In parti...

This study investigated corporate governance factors that could shape the decision for sustainability reporting. Specifically, this paper sets out to investigate the environmentally sensitive properties of distinct corporate governance characteristics vis-à-vis sustainable concerns strengthening the decision to develop environmental disclosures. Re...

Purpose The present study examines the impact of the different dimensions of corporate social responsibility (CSR) performance on the financial performance of food companies. Design/methodology/approach As proxies for the financial performance, two different indices are employed: a single index, namely, operating income and an aggregate financial...

Purpose This paper aims to examine the impact of the Greek economic crisis on the sustainability of the Turkish economy. Design/methodology/approach A generalized autoregressive conditional heteroskedasticity (GARCH) model is used over the Thomson Reuter’s Turkey Index for the period of May 1999 to August 2018 using monthly data. The control varia...

The purpose of this paper is to explore the effects of Bitcoin (crude oil) and financial (equity, gold and stock prices) markets on the US dollar index. A GJR-GARCH model is used to test these relationships for the period August 2010 to September 2016 using monthly data. The results suggest that bitcoin gold and stock prices (DSJI) affect negativel...

This study aims at exploring the issue of convergence in the tourist market of Greece based on tourist arrivals from different destinations. The period of the analysis covers the years 1995-2015. The sample includes 18 countries, Initially, conventional panel unit root tests were applied, which showed no signs of convergence. Subsequently, panel un...

Purpose The purpose of this study is to investigate the effect of environmental performance on the environmental disclosure level. Design/methodology/approach Carbon disclosure leadership index score is considered as a proxy of carbon disclosure level, while greenhouse gas (GHG) emissions as a proxy of environmental performance. In addition, six...

The scope of this study is to address the impact of stock index returns on exchange rate. In particular, it aims to fill the literature gap regarding the determinant role of socially responsible companies on the exchange rate Trade Weighted U.S. Dollar Index to Major Currencies as a proxy for US dollar value. For this reason, the Dow Jones Sustaina...

This study intends to investigate whether stock returns affect the consumer sentiment. In particular, socially responsible companies are incorporated in the sample in order to capture the specification of socially responsible investors. For this reason, the University of Michigan Consumer Confidence Index is used as a proxy for consumer confidence,...

In the light of the significant role of environmental accounting in sustainable development, this study examines whether climate change disclosure reflects a firm’s environmental performance. The novelty of the study stands on the approaches adopted toescribe environmental performance. The first approach concerns performance in terms of output, dir...

This paper examines the effect of various economic and financial indicators on the Dow Jones Sustainability Index (DJSI) returns. In particular, four explanatory variables are employed, namely United States (US) 10 Year bond value, gold price, Trade Weighted U.S. Dollar Index and Consumer Sentiment Index calculated by Michigan University. A general...

Purpose: This study intends to ascertain whether weather variables can explain the stock return reaction on the Dow Jones Sustainability Europe Index (DJSI Europe) by employing a number of macroeconomic indicators as control variables. Methodology: The authors incorporate the Generalized Autogressive Conditional Heteroskeasticity (GARCH) model in m...

The major objective of the present paper is to identify the factors that influence the dissemination of environmental information. In particular, analyst stock recommendation, country level risk, corporate value and environmental performance are surveyed as determinants of the environmental dissemination level. The survey was based on a sample of 9...

This study aims to quantify the economic activity – environmental degradation relationship by using Baltic Dry Index (BDI) and carbon emission as corresponding proxies. The implementation of different policy fiscal tools formats the specific economic environment which we expect to affect the volume of carbon emissions. The results of the survey may...

The present study examines the effect of moments of crude oil prices including the variance, skewness and kurtosis, on the returns of the Dow Jones Sustainability Index (DJSI) of the Eurozone. The GARCH model is employed to examine the relationship of these moments with the DJSI of the Eurozone, for the time period from November 2001 until March 20...

This study examines the impact of financial and economic variables on the industrial Dow Jones Industrial Average (DJIA) using daily data over the sample period March 1995-May 2014 Gold, Bond, Currency, Metals and Oil market were taken into consideration, and, as well as, their impact on the DJIA. The results of the model GJR-Generalized Autoregres...

This paper investigates the impact of a plausible set of determinants, namely, greenhouse gas (GHG) emissions, Dow Jones Sustainability Index (DJSI), anti-bribery policy, the industry’s profile and the company's size on the extent of CSR disclosure in the United States (US). The Environmental, Social and Governance (ESG) disclosure score is used as...

Our objective in this paper is to contribute to the discussion and identify, in the short-run, the effects of basic financial indicators (equity, bonds, exchange rates, Baltic exchange dry index) and widely traded commodities (Gold, Wheat) on the crude oil market. A generalized autoregressive conditional heteroskedasticity model is employed to test...

Purpose – The purpose of this paper is to investigate the vital determinants on the extent of corporate social responsibility (CSR) disclosure in a US context. The selected variables are CEO duality, the presence of women in the board, greenhouse gas (GHG) emissions, emission reduction initiatives, company's risk premium, financial leverage and ind...

Mergers and Acquisitions have been an important strategy for the Greek banking sector. During the last period of time the importance of M&A in the Greek banking sector have been reinvigorated as a result of a without precedent financial and economic crisis the Greek economy and banking sector faces, and the ongoing pressure both by Greek authoritie...

We measured the density of blends of petroleum diesel fuel and two types of biodiesel, with different ratios of the components. Using statistical data, we have obtained empirical equations allowing us to calculate the density of these blends.

Market integration and the introduction of single currency has arisen the issue of the validity of the Purchasing Power Parity (PPP) hypothesis in EU within the last few decades. In most cases the surveys involve consumer prices and in particular the consumer price indices for the whole economy. Though, a few surveys focus on commodity prices and e...

A firm's financial performance is closely related to its environmental behavior. This result is valid especially in the case of socially responsible firms. In the present study a data econometric analysis is conducted based on a GARCH model for socially responsible and conventional firms. According to our findings, the performance of socially respo...

This paper studies the effects of the TNX ten-year treasury note, the crude oil light sweet, the denatured fuel ethanol, the S&P 500 Stock Index and the US dollar/yen exchange rate on the conditional mean and variance return of corn futures. It employs daily data from January 1, 2002 to August 31, 2009. Using the GJR-GARCH(1, 1) model, we provide e...

This research investigates the role of project commitment in the context of information systems security. In doing so, the research adopts a psychological point of view by exploring and discussing the concept of project commitment in setting information security goals. Information security can be viewed as the efficient control of uncertainty arisi...

The present study exports a regression equation which describes the variation of humidity and reduction conductivity of JP8 (F34) with time. A hydrophilic polymer is used to eliminate humidity from JP8 and the regression analysis shows that the maximum decrease of humidity in an hour it is of about ∼39% and conductivity’s in two hours it is of abou...

The concept of Corporate Social Responsibility (CSR) is mainly driven by large in size companies, while it is becoming clear that the concept is also of great importance to small and medium sized enterprises (SMEs). The purpose of this paper is twofold: Firstly, it investigates the factors that are important for the formation of business clusters....

Based on a global corporate social responsibility (CSR) standards, a comparative framework have been produced in order to evaluate corporate social performance in national level. The nine CSR standards are UN Global Compact, Global Reporting Initiatives guidelines, Ethibel Sustainable Index, Dow Jones Sustainability Index, Global 100, FTSE4Good, Ac...

This research investigates the role of project commitment in the context of information systems security. In doing so, the research adopts a psychological point of view by exploring and discussing the concept of project commitment in setting information security goals. Information security can be viewed as the efficient control of uncertainty arisi...

The aim of this study is to illustrate what and how stand-alone Corporate Social Responsibility (CSR) reports and web information provide to readers. These characteristics are recorded in predetermined schemes. The study focuses on the telecommunication sector, especially on fixed and mobile telephony and internet access providers in the Greek mark...

The purpose of this paper is to explore the effects of financial and currency indicators on wheat futures prices. The results suggest that the stock market, and particularly the S&P 500, positively influence the wheat market, a fact that is attributed to the wealth effect and the modern portfolio management in the context of international markets’...

In assessing the performance of national and multinational businesses, attention focuses not only on financial performance, but also on such issues as social responsibility, environmental impact, and employment practices. There is a range of guidance and reporting mechanisms that allows firms to assess and communicate their performance in the area...

Commodity futures risk premiums vary across commodities and over time depending on the level of physical inventories, as predicted by the Theory of Storage. The interaction of the factors related to the inventories and other financial sources result in a complex futures price behaviour especially in the case of agricultural products. This behaviour...

Volatility in agricultural futures markets is an important research area and has been a cause for concern among governments, traders, producers, and consumers. The purpose of this article is to investigate the financial and currency sources of price and volatility distortion of soybean oil future prices, using a GJR-GARCH model. The crucial element...

Rice as an agricultural good presents significant price volatility. A number of factors play an important role in the price formation. The present study is based on the future prices, in the formation of which financial factors may account for their volatility. The aim of this study was to explore the financial sources of price and volatility disto...

The purpose of this paper is to investigate the effects of financial and currency indicators on the Oats future prices. The methodology employed is the asymmetries capturing model proposed by Glosten et al. (1989) (GJR). The results suggested that the stock market, and particularly the SP500 as a proxy variable for world economic activity, influenc...

The paper examines the impact of several macroeconomic variables on the Dow Jones Sustainability and Dow Jones Wilshire 5000 indexes, using a GARCH model and monthly data for the period January, 2000 to January, 2008. The results show that changes in returns of crude oil prices affect negatively the U.S. stock market, contrary to changes in returns...

This study examines the effect of financial factors on the sugar market by using Generalized Autoregressive Conditional Heteroskedasticity (GARCH) models. The results show that changes in capital and energy markets returns have a positive impact on the mean returns of Sugar futures as opposed to changes in volatility returns of the exchange rate of...

In this paper we try to export a regression equation which describes the variation of humidity of Diesel fuel with time. A hydrophilic polymer is used to eliminate humidity from diesel fuel and the regression analysis shows that the maximum decrease of humidity in an hour it is of about ˜ 35%. KeywordsRegression Analysis-Diesel Fuel-Humidity Elimi...

The purpose of this paper is to explore in the shortrun the effects of energy (crude oil) and financial (equity, currency and bond) markets on the gold market. A GJR-GARCH model is used to test these relationships for the period from January 1, 1999 to August 31, 2009 using daily data. The results suggest that the energy market positively influence...

The paper examines the impact of several macroeconomic variables on the Dow Jones Sustainability and Dow Jones Wilshire 5000 indexes, using a GARCH model and monthly data for the period January, 2000 to January, 2008. The results show that changes in returns of crude oil prices affect negatively the U.S. stock market, contrary to changes in returns...

One of the best known and highly regarded Socially Responsible Investing (SRI) indexesis the Dow Jones Sustainability Index World (D.J.S.I.-World). By using the model ofGeneralized Autoregressive Conditional Heteroskedasticity (GARCH), the relationbetween D.J.S.I.-World returns to 10 year bond returns and Yen/U.S. dollar exchangerate is investigate...

This investigation focuses on the volatility of stock returns in the Belgian Stock Exchange from the period of April 1991 to April 2008. Empirical results have shown that there is a mean and volatility spillover effect from the big European markets. There are also mean spillover effects from the markets of the USA and the UK to the market of Belgiu...