Sistema Regional de Información
en línea para Revistas Científicas de América Latina,
el Caribe, España y Portugal

Purpose: This work analyzes whether cryptocurrencies significantly influence Euronext stock returns.Design/methodology/approach: To this end, this quantitative research analyzes companies from 4 Euronext financial markets between 2017 and 2022 using the panel data methodology. The Generalized Method of Moments (GMM) methodology was also used to make the analysis more robust.Findings: This study concluded that Bitcoin and Ethereum positively and statistically significantly influence Euronext stock returns. Their notoriety caused them to lose the safe haven characteristics they displayed in a more embryonic phase and led them to be influenced by the same systemic factors that affect the stock market.Originality/value: The results of this study are immensely important for private and institutional investors investing in Euronext stocks and looking to diversify their portfolios.Keywords: Stock Returns; Euronext; Bitcoin; Ethereum; CryptocurrenciesDOI: https://doi.org/10.58869/EJABM11(1)/06

Purpose: This study examines the determinants of customers' continued usage of mobile financial services (MFS) for online purchases in the developing country of Bangladesh.Methodology: A mixed-method conceptual framework was developed to carry out this study. The non-probability convenience sampling method was employed to collect data using a structured questionnaire survey. Analysis of data from 413 participants was conducted using SmartPLS4.0 partial least equation modeling (SEM-PLS).Results: Perceived lifestyle compatibility and fear of COVID-19 have been found to impact the continuous usage of mobile financial services, both directly and indirectly. Furthermore, the analysis results show that while perceived online security has a direct impact, a substantial mediated effect was not found. Perceived social influences have no significant impact, according to the study. In addition, promotional incentives did not moderate the hypothesized relationship.Research limitations: In the future, cross-sectional research with a larger sample size could be explored, as the current study needed more generalizability. Practical implications: This study could help create consumer-friendly marketing strategies and a new business model. Due to consumer usage habits' unpredictability, the during and after COVID-19 pandemic has created new marketing chances for online businesses.Originality:   One of the few studies in Bangladesh to address the post-pandemic emergent research issue, these offer theoretical and methodological insights into the causes influencing the behavioral intention to use MFSs and the implications of continuance usage intention. Keywords: Mobile financial services; Perceived lifestyle compatibility; Perceived online security; COVID-19 fear; Promotional Incentives; Continuance Usage Intention.DOI: 10.58869/EJABM11(2)/05 

Purpose: The purpose of this study is to experimentally examine how capital structure affects the performance of the pharmaceutical business in Bangladesh.Methodology: The study's sample comprised various Bangladeshi pharmaceutical enterprises from 2018 to 2024. It explored how a company's performance might be affected by capital structure factors. Additionally, it investigated the impact of a few firm-specific variables on the performance, including liquidity, total assets, sales revenue, sales growth, and age. Random effect, fixed effect, pooled OLS, and Pearson correlation matrix models have been utilized in the study. For robustness check it employed two step system GMM.Results: Liquidity and sales growth showed little to no correlation with performance and efficiency. Total asset positively affects performance and efficiency. Given the size's positive impact, it makes sense that increased sales revenue can boost the performance of the company. The age of the company has a significant detrimental effect on profitability but a limited beneficial impact on efficiency. Eventually, the study comes to a conclusion that the capital structure substantially hinders the performance of Bangladesh's pharmaceutical industry according to all of our findings.Originality: Numerous research studies have investigated the association between company performance and capital structure, but the outcome is not yet conclusive. Prior studies focused only on profitability metrics. The current study also fulfils this gap by uniquely focusing on the efficiency metric (inventory turnover). Furthermore, the present study focused on the Bangladeshi pharmaceutical sector, which is a rapidly growing and also inventory-intensive. Therefore, this study's dual methodology covered a gap in the literature through empirically examining the way capital structure affects the financial health of pharmaceutical firms in Bangladesh.Keywords: Firm Performance, Capital Structure, Emerging Economy, Profitability, Bangladesh. DOI: https://doi.org/10.58869/EJABM11(3)/02

Purpose: Resilience is crucial for solopreneurs as they navigate crises and unforeseen disruptions such as epidemics, natural disasters, and economic downturns, which can have severe negative consequences for individuals and businesses. This study aims to explore the factors that contribute to the resilience of solopreneurs during crises, with a specific focus on how continuous learning, professional development networks, social support, and intrinsic motivation interact to strengthen their ability to adapt and thrive under challenging circumstances.Methodology: This study employs a narrative literature review. Through concept mapping and inductive thematic analysis, the study synthesizes key findings from peer-reviewed and authoritative sources to develop a conceptual model.Results: The study reveals that solopreneurs who actively engage in learning activities and develop strong social and professional networks are better equipped to cope with adversity. Additionally, intrinsic motivation, driven by autonomy, competence, and relatedness, plays a key role in fostering engagement with these resilience-building activities. The study presents the Crisis-Responsive Solopreneur Resilience Model (CRSRM) helping solopreneurs adapt to challenges during times of crisis.Practical implications: The presented model indicates that solopreneurs who invest in ongoing learning, engage with support networks, and cultivate intrinsic motivation are better positioned to maintain business continuity and personal well-being during crises. This framework can inform the design of support initiatives and professional development programs tailored to the needs of aspiring and established solopreneurs.Originality: While not a new theory, this study provides novel insights into the dynamics of solopreneur resilience, an area that has been underexplored in entrepreneurship research. Keywords: Solopreneur, Resilience, Intrinsic Motivation, Social Support, Continuous Learning. DOI: 10.58869/EJABM11(2)/04

Purpose: The aim of this review article is to take a closer look at a subject that has generated great concern, the impact of burnout on organisations in Portugal, by presenting a series of studies that show the costs of lost productivity in Portuguese companies due to absenteeism and presenteeism caused by burnout syndrome.Methodology: In terms of methodology, this review follows a theoretical approach, using documentary analysis to explore, analyse, deepen and broaden the existing literature, as well as to compare the literature with the results obtained in documented studies on the subject.Results: Promoting a healthy balance between personal and organisational life is one of the organisational strategies for mitigating the effects of burnout and creating a healthier and more productive work environment. Recognising the importance of tackling this problem means prioritising workers' well-being and promoting a more resilient and committed workforce, leading to increased productivity.Originality: This study made it possible to broaden the theoretical framework by analysing the literature on the subject of burnout and its inherent costs for organisations and workers, which we found to be a subject that has been gaining relevance and pertinence for organisations.Keywords: Burnout; psychological health; causes; organisational costs; prevention.DOI: https://doi.org/10.58869/EJABM11(3)/01

Purpose: The purpose of this study is to evaluate and compare the national tax policies of the leading European tourist countries concerning taxation on short-term rentals through online platforms. Reviewed are the different taxation systems of the most developed tourist markets in the EU and their readiness to implement the Directive on Administrative Cooperation (DAC7) to achieve transparency on revenues earned by entrepreneurs utilizing digital platforms.Methodology: Collected is information from the tax authorities in Austria, France, Spain, Italy, Germany, Greece and Portugal regarding the tax rates applied on short-term rental properties (STRs). Reviewed are the current policies applied in the different countries for reporting and collecting taxes on STRs offered through online travel agents (OTA) in the EU.Results: Despite the various and even quite complex systems for taxing the income from STR of different properties, the application of the DAC7 for the control of income from such activities is well accepted by European countries. Some of these countries apply even stricter and easier methods for collecting taxes from STR on OTAs.Research limitations: It will be useful for the completeness of the study to expand its scope and include all member states of the European Union.Originality: A good number of articles are published focusing on the implementation and specifications of the Directive on Administrative Cooperation (DAC7) but they do not review the actual taxing rates of the main touristic markets in the EUKeywords: DAC7, Taxation, OTA, STRDOI: 10.58869/EJABM11(2)/06

In an era marked by rapid economic, technological, and societal transformations, business and governance models must continuously adapt to meet emerging challenges. From sustainable development and territorial branding to the financial dynamics of municipalities and the evolving relationship between cryptocurrencies and stock markets, contemporary research offers valuable insights into these pressing issues. As Drucker (1999) aptly stated, "The best way to predict the future is to create it," reinforcing the need for proactive strategies in business and public administration. The latest issue of the European Journal of Applied Business and Management (EJABM) continues its commitment to fostering high-quality research that contributes to the understanding of applied business and management practices. This edition features six original research articles, each rigorously peer-reviewed, that explore critical dimensions of local governance, entrepreneurship, financial sustainability, and organizational success. The interaction between public policies and the Sustainable Development Goals (SDGs) is a central theme in contemporary governance. Studies have demonstrated that local governments play a pivotal role in implementing sustainability strategies (Bovaird Löffler, 2009). Additionally, regional branding and tourism entrepreneurship serve as vital economic drivers, fostering innovation and competitiveness in local markets (Anholt, 2007). Moreover, the increasing financial burden of urban waste collection necessitates a reassessment of contracting procedures to ensure economic efficiency and transparency in public administration (Osborne Gaebler, 1992).The contributions in this edition provide essential insights into these and other key topics, offering a multidisciplinary perspective that is valuable to academics, policymakers, and practitioners alike.DOI: https://doi.org/10.58869/EJABM11(1)/00

Purpose: The study examined the influence of corporate governance mechanisms on the sustainability reporting quality of Nigerian quoted manufacturing companies. Methodology: The study’s population consists of forty-three (43) oil and gas, industrial goods, and consumer goods companies quoted on the Nigerian Exchange Group as of 20th May 2024. The study utilized a purposive sampling technique to select a sample of twenty-nine (29) companies. The study employed the ex-post facto research design, adopting secondary data from the sampled companies’ corporate annual and sustainability reports from 2018 to 2022. The study also adopted descriptive and multiple regression analysis to analyze the data using the EViews 12 statistical package.Results: The study discovered that only gender diversity significantly and positively influences the sustainability reporting quality of Nigerian quoted manufacturing firms.Practical Implications: The study identified gender diversity as a critical factor in driving sustainability practices of firms.Originality: There is an apparent dearth of empirical studies on the relationship between corporate governance variables and sustainability practices in Nigeria, and this is the focus of the current study.Keywords: Sustainability Reporting, Sustainability Reporting Quality, Corporate Governance, Corporate Governance Mechanisms, Board characteristics, Exchange RegulatorDOI: 10.58869/EJABM11(2)/03

Purpose: This study examined the determinants of capital market development in Nigeria through the lens of six indicators of public governance, during the period, 1996-2023.Methodology: Autoregressive Distributed Lag (ARDL) technique was applied to the annual time series data on capital market development and governance indicators obtained from Central Bank of Nigeria’s Statistical Bulletin and World Bank’s Worldwide Governance Indicators respectively.  Results: The study found that government effectiveness, political stability, and rule of law positively and significantly impacted capital market development while voice and accountability had negative and significant impact on capital market development. However, control of corruption, and regulatory quality had no significant impact on capital market development in Nigeria.Practical implication:  Government effectiveness, political stability, rule of law, and voice and accountability are institutional determinants of capital market development in Nigeria.Originality: The study recommends for the improvement of public governance quality in Nigeria by putting in place policies and programmes that will facilitate government effectiveness, political stability, and rule of law, which will stimulate the development of capital market in Nigeria.Keywords: Capital Market; Determinants; Institutional Quality; Public Governance; Stock Market.DOI: 10.58869/EJABM11(2)/08

Este estudio investiga la evolución de los salarios nominales en Costa Rica desde 1991 hasta 2023, enfocándose en cómo la inflación, la inversión en capital por trabajador y las crisis económicas han afectado los salarios. Utilizando un enfoque econométrico, el análisis muestra la influencia de estas variables en la capacidad adquisitiva y calidad de vida de los trabajadores, proponiendo políticas para mejorar la resiliencia económica y laboral. El estudio revela patrones de rigidez salarial frente a cambios macroeconómicos y sugiere reformas laborales para una distribución equitativa de beneficios económicos, mejorando así la sostenibilidad económica de las empresas y la estabilidad laboral.   This study investigates the evolution of nominal wages in Costa Rica from 1991 to 2023, focusing on how inflation, capital investment per worker and economic crises have affected wages. Using an econometric approach, the analysis highlights the influence of these variables on workers’ purchasing power and quality of life, proposing policies to enhance economic and labour resilience. The study reveals patterns of wage rigidity in response to macroeconomic changes and suggests labour reforms to ensure a fair distribution of economic benefits, thereby improving business sustainability and job stability.