Aleš Trunk

The paper studies the productivity change of the commercial banks in the CEE countries over the post-crisis period 2013–2018. The productivity change is measured by the Malmquist Productivity Index and its sub-components, applying two approaches—the asset-oriented and profit-oriented intermediation approaches. The analysis uses data from a balanced panel of 181 commercial banks in 11 CEE countries. We find that commercial banks’ productivity, measured with the asset-oriented intermediation approach, decreased in most of the CEE countries over 2013–2018, with a decline ranging, on average, from 1% to 6.9%, driven mainly by a decline in technical efficiency. Nevertheless, estimates using the profit-intermediation approach point to productivity growth in commercial banks in all CEE countries, ranging, on average, from 0.5% to 6.3%. The empirical findings imply the need for the CEE commercial banks to further digital transformation and cost rationalization.

BACKGROUND: The focus of the article is on the attitudes among 8th graders in European countries on future European/EU integration and cooperation. OBJECTIVE: Our objective is to investigate to what extent different background characteristics are related with students’ attitudes, opinions and expectations about sense of European identity, future of Europe (and EU), and student’s endorsement of European cooperation (where part of the scale is also variable “to reduce unemployment”). And how strong is the association between student positive expectations towards Europe and other attitudes related with Europe/EU, and is there clear divide between post-communist countries (newer democracies in Europe) and the rest? METHOD: The techniques used to analyse the data are descriptive statistics, linear and binary logistic regression, Pearson’s and Spearman’s correlation coefficients. Datasets are from last cycle of the International Civic and Citizenship Education Study (ICCS), N = 52,788 students. RESULTS: Results show important differences in perceptions, attitudes and expectations between students in newer and older democracies. These patterns may not always be clear and interpretable, but they show the differences across Europe. CONCLUSIONS: Future direct research are pointing on importance of having in mind that different background characteristics attributes to differences in attitudes’ developments (and that this difers among countries), as well as on very challenging decisions when considering different regions to compare results among them, at that even post-communistic countries in Europe can not always be grouped in one “block”.

The paper analyses the productivity change of a balanced panel of 1915 European banks during the 2013–2018 post-crisis period. To study productivity changes, the paper applies the non-parametric output-oriented Data Envelopment Analysis (DEA) approach and the Malmquist productivity index (MPI). The total productivity change estimated by the MPI is further decomposed into technical efficiency change and technological change. The overall MPI estimates show a modest increase in the productivity of banks in half of the EU countries. Further decomposition of the MPI indicates that the productivity growth was mainly a result of technological improvement, which was particularly high among the new EU member states, whereas there was a significant drop in technical efficiency. The productivity growth was higher among banks in the non-euro area and among savings banks. The practical implications drawn from the paper are that European banks should further develop their business models to rationalize the costs and increase their operational efficiency and stimulate the adoption of fintech solutions and technological development so as to enhance their productivity.

The focus of this article is on the attitudes among 8th graders in European countries on future unemployment and attitudes towards cooperation among European countries to guarantee high levels of employment and strengthen their economies. This article uses both qualitative and quantitative approaches. For the qualitative approach, a systematic literature review was performed using four databases, starting from 16,873 search results for the 2016–2021 period before systematically limiting them to identify possible predictors used in quantitative analyses. The quantitative part uses secondary analyses of data obtained from 52,788 upper secondary students from 14 EU and one EU associated country from the International Civic and Citizenship Education Study (ICCS) 2016, which is the last available cycle with publicly available data since 2018. The techniques used to analyse the data are descriptive statistics, linear and binary logistic regression, Pearson’s and Spearman’s correlation coefficients, and Principal Component Analysis. This article also considers the theoretical base of the sustainable development definition—it explores youths’ present perceptions of the future in the economic and financial domains.

Drawing on social identity theory, this study aims to examine the impact of antecedents of eWOM on the online purchase intention (OPI) of fashion-related products. In addition, social media usage moderates the relationship between eWOM and OPI. A structured questionnaire was completed by a sample of 477 Chinese WeChat users. An online survey was conducted in two metropolitan cities (Beijing and Shanghai). The hypotheses were tested using structural equation modeling (SEM) generated by AMOS 22. The findings of this study found that all five antecedents of eWOM, such as fashion involvement, sense of belonging, trust, tie strength, and informational influence, positively related to the OPI of fashion products in China. Furthermore, eWOM significantly mediates the relationship between fashion involvement, sense of belonging, trust, informational influence, and OPI. The current study is considered the first to examine the role of eWOM in stimulating OPI through social media usage for fashion-oriented products in China. As such, it enriches the online buying literature by exploring the OPI mechanism through eWOM antecedents and validating the importance of social media factors in the development of online buying intention compared to previous studies. Furthermore, it provides several theoretical and practical implications, along with future opportunities.

A few months in, it is still hard to grasp the scale and scope of COVID-19’s global impact. A third of the world population is under some sort of “lockdown.” All the while, a second crisis, in the form of an economic recession, is underway (Schwab and Vanham, 2020). During the recession, European Union (EU) members did not use fiscal policies to ease the recession, while the reinsurance system in the case of unemployment would achieve exactly this, as it acts as an automatic stabilizer. The response to unemployment in the great recession and subsequent events related to the European debt crisis has been very heterogeneous across Europe and in population groups. This study examines stabilizing power and efficiency of presented unemployment reinsurance systems (URS EU). We find that the statutory contribution rate for unemployment insurance is sufficiently high only in a small part of the EU. Only certain insurance systems are sustainable. This paper demonstrates that the need for an automatic stabilizer, such as the reinsurance in the case of unemployment, has shown even more necessary. Through this paper and these recommendations, this study hopes to encourage institutional reforms, especially in the euro area, as the monetary union reduces macroeconomic stabilization policies at national level. We believe that the URS EU would represent a possible solution to the problems outlined in the paper.