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        <title>Folia Oeconomica Stetinensia Feed</title>
        <link>https://sciendo.com/journal/FOLI</link>
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            <title>Folia Oeconomica Stetinensia Feed</title>
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            <link>https://sciendo.com/journal/FOLI</link>
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        <copyright>All rights reserved 2026, University of Szczecin</copyright>
        <item>
            <title><![CDATA[Model of Security-Economic Transformations: The Context of Contemporary International Conflicts. Preliminary Evaluations]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0028</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0028</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
The 21st century has seen major shifts, particularly international conflicts impacting national economies. Russia’s aggression against Ukraine, from Crimea’s annexation in 2014 to a full-scale war in 2022, has reshaped security-economic dynamics. Hybrid wars require rethinking classical models of military spending and growth. Building on prior research (Berezka, Kovalchuk, 2023; Kovalchuk et al., 2023, 2024a, 2024b, 2024c), this paper stresses the need for dynamic analytical tools to guide post-war recovery strategies.

Purpose
This study aims to identify the causal impact of military expenditure on GDP, general government spending, and civilian expenditures in Israel, Ukraine, and Russia during 2014–2024 under conflict, sanctions, and instability.

Research methodology
A two-stage econometric approach was applied using time series data. ADF tests assessed variable integration; Johansen cointegration tested long-run relationships among military, civilian, and total government expenditures and GDP.

Results
We analyzed the links between military, civilian, and total government spending and economic growth in Israel, Ukraine, and Russia (2014–2024), revealing patterns that can guide postwar recovery and resource allocation in conflict-affected countries.

Novelty
The study shows that defensive operations, active defense, and military aggression generate distinct fiscal multipliers and spending-growth patterns, providing new insights for postwar policy planning.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Do Not Judge a Book By Its Cover: The Influence of CEOS Masculinity and Religiosity on Financial Statement Fraud]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0027</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0027</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
Indonesia continues to encounter significant challenges in eradicating fraud, particularly in the context of financial statement fraud. This study contributes to the literature by introducing a novel perspective on the determinants of fraudulent activities, focusing on biological and psychological factors.

Purpose
This paper examines the influence of CEOs’ masculinity and religiosity on the likelihood of financial statement fraud.

Research methodology
The study population consists of mining companies listed on the Indonesia Stock Exchange (IDX) between 2018 and 2022. Data analysis was conducted using STATA 17.0, and hypothesis testing employed the marginal effects of Logit regression.

Results
The findings reveal that CEOs with pronounced masculine behavior are more likely to engage in accounting fraud. However, religiosity appears to attenuate this likelihood.

Novelty
This study advances the field of accounting fraud and behavioral accounting research, by addressing gaps related to the biological and psychological characteristics associated with fraudulent financial reporting. Furthermore, the findings provide practical implications for both companies and investors, emphasizing the importance of considering individual behavior as well as religiosity when appointing CEOs or making investment decisions.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Assessing the Relative Importance of Social and Professional Competencies for Career Advancement in Croatia]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0032</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0032</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
While there is existing research on the importance of employees’ social competencies, there is a need for further investigation into their specific impact on long-term employability and career advancement, especially in the context of different industries or cultural settings.

Purpose
To evaluate and analyze the factors that contribute to career advancement in Croatia, with a specific focus on distinguishing between social competencies and professional competencies.

Research methodology
A quantitative, cross-sectional, research approach was adopted, using a self-administrated questionnaire. The sample consisted of 113 HR or top management employees from all sectors. T-test, ANOVA and Cronbach’s alpha were utilized.

Results
The results indicate that professional competencies are significantly more important for career advancement, but not for achieving long-term employability. Teamwork and Professional knowledge are equally important across all economic sectors. The results suggest that the opinions of top management and HR do not differ significantly regarding the assessment of the importance of individual competencies.

Novelty
It lies in its comparative analysis of social versus professional competencies specifically within the Croatian labor market, offering insights that are tailored to Croatia’s unique cultural and economic context. It provides original data and findings on how these competencies influence career advancement across different sectors, addressing a gap in existing research focused on Croatia.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[The Labor Market in Ukraine under Martial Law Conditions: State and Prospects of Development]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0023</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0023</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
During the period of martial law in Ukraine, there was a decrease in both the demand for the labor force and its supply. Negative processes in the labor market create difficulties with the recovery of the economy of Ukraine.

Purpose
The purpose of the article is to present the results of research of the processes taking place in the labor market in Ukraine and to determine the prospects for solving the problems in this market in the post-war period.

Research methodology
The research used data from the State Statistics Service of Ukraine as well as from non-governmental organizations. The research methodology is based on the general dialectic approach and includes the methods: induction, deduction, statistical analysis methods, and graphical.

Results
The peculiarities of the formation of labor demand and labor supply in Ukraine have been revealed. The difficulties of martial law exacerbated the existing problems, connected with negative trends in the labor market in Ukraine, which existed in the pre-war period. The role of migration and of the wage level in shaping the labor market in Ukraine was noted. Measures to ensure the effective functioning of the labor market are outlined.

Novelty
A differentiated assessment of changes in individual parameters of the labor market in Ukraine was carried out. The earlier conclusions of other researchers regarding the long-term impact of migration processes on the labor market in Ukraine, in particular regarding the use of immigrant labor in the post-war period, have been clarified.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Sustainability Accounting Research in the MENA Region: A Bibliometric Review]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0021</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0021</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
Sustainability accounting is gaining recognition in the MENA region for assessing impacts amidst challenges like water scarcity and oil dependence. Despite lacking regulations, initiatives such as the Saudi 2030 Vision and the Qatar 2030 Vision emphasize the need for governance reform and improved sustainability reporting.

Purpose
Our study addresses the lack of comprehensive literature reviews in sustainability accounting in the MENA region by analyzing existing research. It provides insights into current studies, identifies key themes and trends, and highlights areas for further exploration. Covering data from over 18 years, the findings offer an overview of the developmental stages and prospects of sustainability reporting for researchers and stakeholders in both industry and academia.

Research methodology
Employing a mixed-methods approach, this study utilizes a bibliometric analysis, qualitative assessment, and content analysis to explore the field of sustainability accounting within the MENA region. Over a thousand related papers are quantitatively analyzed, with validation from reputable source Scopus.

Results
Our research reveals a remarkable surge in sustainability accounting research in the MENA region, connected to diverse theories and themes, showcasing immense future potential. A key feature of this research is the frequent collaboration between local and international researchers, which significantly aids in spreading knowledge and advancing sustainability accounting research.

Novelty
This study examines the role of sustainability accounting in various research areas within the MENA region. It also outlines practical approaches to utilizing sustainability reporting, contributing to advancements in research and development. As of the date this paper was written, and to the extent of our knowledge, there were no existing research papers specifically focused on the MENA region within this scope.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Use of the Topsis Method in Consumers’ Luxury Electric Vehicle Purchasing Decisions]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0026</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0026</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
The increasing variety of electric vehicles affects users’ electric vehicle purchasing pReferences.

Purpose
The aim of this study is to determine the importance levels of the factors that affect consumer decisions in purchasing electric vehicles whose prices are above a certain lower limit and to rank the vehicles with the highest score.

Research methodology
TOPSIS Method, one of the multi-criteria decision-making methods, was used in the study. In the study, six different selection criteria were determined: Range (km), Charging time (min), Price (euro), Acceleration (0–100 km/h acceleration), Torque (Nm), and Power (hp). These data were obtained from the information shared by the brands on their websites, using secondary data sources. User selection was achieved by determining a lower level in the price criterion in brand and model elimination. In the implementation of the study, vehicles with a lower price limit of over 5 million lira were taken into consideration. Four different brands that meet these criteria and are currently on sale in the Türkiye market have been identified. The models evaluated among these brands are the Mercedes EQS, Porsche Taycan, BMW iX, BMW i7, and Audi E-Tron.

Results
In the selection made using the TOPSIS Method, the Mercedes EQS is in the first place in the automobile ranking, BMW iX is in the second place, BMW i7 is in the third place, Audi E-Tron is in the fourth place and Porsche Taycan is in the last place.

Novelty
The difference of this study from other studies is that luxury electric vehicles are included in the sample for the first time. In addition, charging times, torque and acceleration values have only been included in studies recently. Because in previous studies, criteria such as price, range and power were studied with different models and different classes of vehicles.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Behavioural Biases and Investment Decision Making: The Mediating Role of Risk Perception, according to Evidence from the Indian Stock Market]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0031</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0031</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
There is no research found till date that investigated the behavioural biases (“disposition effect, herding behaviour and blue-chip stocks”) and “risk perception on investment decision making” in the Indian stock market (National Stock Exchange) by applying Structured Equation Modelling.

Purpose
The present study examines the connections between behavioural biases, investment decision making, and individual perspectives on risk (risk perception) in the Indian stock market. There are two exchanges in India but the National Stock Exchange (NSE) is used for the study.

Research methodology
In the study, the target population are the investors of the National Stock Exchange in India. The sample size of the study is 380 for the final analysis. Structured Equation Modelling (SEM) is applied to construct the model and provide standard estimates for the study by using AMOS software version 23.

Results
The findings show that risk perception partially mediates the relationship between blue-chip stock preference and investment decisions, indicating that blue-chip investments may lower perceived risk and influence investor behaviour accordingly. Herding behaviour, the disposition effect, and investment decision making are all unrelated to risk perception.

Novelty
To begin with, the given study develops a mediating framework, elucidating the risk perception as a confounder between behavioural biases (overconfidence and herding) and investment decision-making which has been insufficiently explored in Indian empirical contexts. The available literature in the most part looks at these variables as secluded entities or as point predictors, not considering the inherent mentalizing frameworks that inform decisions. Secondly, the study draws on a unique and diverse sample of individual retail investors across multiple Indian cities, incorporating both Tier I and Tier II urban centres. This geographical diversity adds robustness and generalizability to the findings, which is often missing in studies limited to metro-focused or demographically narrow samples. Thirdly, the study presents a fine methodological design, where the Structural Equation Modelling (SEM) was utilized to ascertain the direct and indirect effects in a single continuum, thus providing a more subtilised picture of the relationships between behavioural constructs.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[A Simplified Linear Programming Model for the Assignment of Duplicate Storage Locations]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0033</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0033</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
In modern warehouses, there is a strong emphasis on ensuring fast and efficient order-picking. Speed is a critical factor, as customers increasingly demand quick delivery times, especially in the e-commerce sector. Warehouse management optimizes the storage of items and picking routes to minimize delays and maximize productivity, ensuring orders are processed and shipped as quickly as possible. Additional benefits in this field can be achieved by the scattered storage of items. In this paper, we propose a new optimization model that minimizes the weighted sum of shortest distances between picking aisles intended for the storage of correlated items. We assume a decentralized pick-up/drop-off and a random storage of items in the assigned picking aisle. Unlike existing proposals based on exact location assignment, the presented MILP model does not need the distance matrix between storage locations (or picking aisles).

Purpose
Optimal storage location assignment for warehouses with scattered storage.

Research methodology
We use mixed integer linear programming (MILP) models (for optimal storage location assignment) and simulations (for verification of the obtained results).

Results
The adopted simplifications reduce the size of the model by over 99% and allow feasible solutions to be found. We show that for the obtained feasible solutions there is a significant reduction in average order picking times. Additionally, we discuss methods of determining the correlation coefficients between the items.

Novelty
Original storage location assignment concept and optimization model.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Does Globalization Hinder or Incentive Industrialization? Empirical Evidence from Turkiye and Poland]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0022</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0022</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
Globalization has provided both turmoil and opportunities for most developing countries, as well as Turkiye and Poland. It brings about structural transformation in both countries.

Purpose
This paper investigates the effect of economic globalization on industrialization in Turkiye and Poland through annual data covering 1995–2022.

Research methodology
The paper performs fully modified ordinary least squares (FMOLS), dynamic ordinary least squares (DOLS), canonical cointegrating regression (CCR) estimators, and the Toda-Yamamoto causality test.

Results
The empirical results indicate that foreign direct investment (FDI) inward negatively affects manufacturing value-added (MVA), whereas the labour force positively affects it in Turkiye. However, trade openness has an insignificantly positive influence on MVA. Furthermore, FDI, trade openness, and the labour force significantly and positively affect MVA in Poland. Besides, the Toda-Yamamoto causality test results vary for Turkiye and Poland.

Novelty
The work’s originality is examining and comparing the role of trade openness and FDI separately on MVA for Turkiye and Poland. Moreover, this study performs three estimators (FMOLS, DOLS, and CCR) to obtain robust results and investigate the causality relationship among variables for both countries.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Public Private Partnership and a Healthy Environment: Sustainable Development Goals Concern]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0029</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0029</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
This study investigates the function of public-private partnerships in fostering a healthy environment in Lagos State, Nigeria. It examines the function of waste management agencies and the waste management structures, including landfills, in alleviating illegal waste disposal and health-related concerns. Therefore, emphasising a strategy for attaining Sustainable Development Goals (SDG), including SDG 3 (Good Health and Well-Being), SDG 6 (Clean Water and Sanitation), and SDG 15 (Life on Land) by policy reorientation.

Purpose
The objective of this study is to emphasise waste management, since it is crucial for attaining specific Sustainable Development Goals (SDGs) that relate to public health.

Research methodology
This study utilises a cross-sectional survey design employing a quantitative methodology. Purposive sampling was employed to determine the study area, and 400 residents residing near the Olusosun landfill in Ojota were selected. Standardised questionnaires were used to gather data and distributed using random sampling. Out of 400 questionnaires distributed, 318 were correctly filled out and returned. The collected data were analysed using SPSS, with results presented and interpreted through descriptive and inferential statistics.

Results
The findings demonstrate a positive and statistically significant effect of landfills on health issues. More so, imply that residents in the Ojota district of Lagos State associate health-related ailments with garbage exposure. Also, a positive and statistically significant effect of waste management agency on illegal dumping was identified. This indicates that residents perceive the deficiencies of the waste management agencies as leading to illegal dumping.

Novelty
This research alters the scarcity of literature on studies that integrate the variables proposed in this study.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Corporate Governance and Corporate Risk Management on Indonesian and Malaysian Banking Industry Performance during the COVID-19 Pandemic]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0030</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0030</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
The COVID-19 pandemic of 2020–2022 led to economic crises worldwide. Despite the financial risk, financial problems in each institution, banks still have a special task from governments to ease the crises. The risk is higher on countries that use a dual banking system.

Purpose
This research is intended to test the effect of Corporate Governance (CG) and Corporate Risk Management (CRM) on Banks’ Performance during the pandemic in emerging country’s that used a dual banking system during the COVID-19 pandemic.

Research methodology
This quantitative analysis uses archival data. Samples were taken from banks listed on the Indonesian and the Malaysian Stock Exchange during 2020–2022. Data was then analysed using Partial Least Square regression.

Results
The Indonesia data analysis results show that CRM mediates the relationship between CG effect on Performance. The Malaysia data analysis can conclude that CG affects firms’ performance. CG also affects CRM. Hence, CRM do not act as a mediating variable between CG and Performance. This result shows that the COVID-19 pandemic impacted Indonesia’s and Malaysia’s banking CG, CRM and industry performance. This is consistent with Compliance Theory.

Novelty
This research compares CG and CRM to the monetary conditions within dual banking systems in Indonesia and Malaysia due to the differences in monetary policy during the COVID-19 pandemic.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[The Impact of Influencer Marketing on the Behavior of Generation Z Consumers]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0036</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0036</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
Influencers create a powerful influence and attract a wide audience through their presence on social media. The impact of influencer marketing on the behavior of Generation Z consumers is extremely effective. Generation Z stands out for its digital skills and enormous engagement on social media.

Purpose
The aim of this paper is to research how influencer marketing affects the attitudes, opinions and behavior of Generation Z in the context of consumption.

Research methodology
The main research tool was a questionnaire consisting of closed multiple-choice questions. Empirical research was conducted on a sample of 252 respondents. Descriptive statistical analysis and multivariate statistical analysis (multiple regression method) were used in the primary data analysis to determine the direction and strength of the correlation between the observed variables and to confirm differences in behavior.

Results
The results indicate an extremely strong connection between influencers, social networks and the purchase decisions of Generation Z but influencers do not have the same influence on consumers of all generations.

Novelty
This paper contributes to the understanding of the correlation between influencers and the consumers of generation Z and indicate the factors that are crucial for the successful influencer marketing in the modern business environment.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[The Influence of a Company’s Environment on Entrepreneurs’ Willingness to Cooperate with Freelancers]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0035</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0035</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
Entrepreneurs operate in a turbulent market environment, which affects their business decisions, including those regarding engaging freelancers. Some factors from the environment may affect the profitability of this form of cooperation.

Purpose
The aim of this work is to indicate from a company’s environment the influence and willingness to cooperate with freelancers and full-time employees. This may be particularly useful for business owners, HR managers (in the context of planning employment policy) and researchers dealing with the labor market and human resources management.

Research methodology
As a part of the research, data regarding the tendency of entrepreneurs to cooperate with freelancers and full-time workers was obtained, including selected factors from the business environment. The survey was created using MS Forms and was conducted from April 14, 2024 to May 25, 2024 on a sample of 165 entrepreneurs and managers.

Results
The research results are that, generally, tax level etc. continue to favor freelancers, which is why businesses are currently more likely to choose to work with them than with full-time employees. However, this advantage is expected to gradually diminish in the future due to legal changes involving the taxation of civil law contracts and rising employment costs. Companies will therefore have to make decisions not only based on current needs but also in the context of new regulations, which will translate into a decreased willingness to engage freelancers, while there will be no significant changes in the case of full-time employees.

Novelty
The novelty of the results obtained is that the study goes beyond just entrepreneurs’ satisfaction with freelancers’ work, also taking into account legal and external factors. Unlike, for example, Ernst &amp; Young’s GIGbarometer, which focuses solely on freelancers, this study compares how environmental conditions affect the willingness of both freelancers and salaried employees to collaborate.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Earnings Quality and Stock Crash Risk: A Study in Indonesia]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0020</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0020</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
Earnings is essential information for investors. Therefore, the quality of earnings influences optimal investment decisions. Poor earnings quality leads to wrong investment decisions and increases the risk of stock crashes, which are detrimental to shareholder prosperity. The Indonesia Stock Exchange (IDX), as a stock exchange in a developing country, faces issues with the quality of its reported earnings. This research seeks to provide empirical evidence regarding earnings quality and stock crash risk.

Purpose
This study aims to empirically examine the impact of earnings quality, which is proxied by earnings management and transparency, on stock price crash risk in Indonesia.

Research methodology
This study investigates all firms listed on the Indonesia Stock Exchange from 2019 to 2021 using a multivariate regression analysis.

Results
The results provide evidence that firms with higher earnings management are positively associated with higher stock crash risk. However, this study reveals interesting findings about the impact of earning transparency on stock crash risk in this time frame. Earnings transparency has a significantly positive impact on stock crash risk instead of a negative one. This study focuses on the 2019–2021 period, which coincides with the COVID-19 pandemic, so caution should be exercised when generalizing the findings to non-pandemic conditions.

Novelty
The results imply additional, potentially interesting extensions. In emerging countries, many external factors beyond the firm’s control affect stock crash risks, and these conditions strongly prove the existence of an inefficient stock market in Indonesia.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Finance, Governance, and Renewable Energy Transitions in Sub-Saharan Africa: Testing the Energy Kuznets Curve]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0034</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0034</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Purpose
This study explores how the interplay between financial sector development (FSD) and governance quality (GOVE) influences the adoption of modern renewable energy (MREN) in 11 sub-Saharan African (SSA) countries (1999–2023). It also tests the modern renewable energy-environmental Kuznets curve (MRENEKC) hypothesis, assessing the contribution of inclusive growth, urbanization, and trade openness in shaping the regions renewable energy transitions.

Research methodology
Employing a pooled mean group autoregressive distributed lag model, this study captures both short- and long-term dynamics, while accounting for cross-sectional dependence and regional heterogeneity. By focusing on the interactive roles of FSD and GOVE, the study contributes to the literature on sustainable energy development in emerging economies.

Results
The results confirm the validity of the MRENEKC hypothesis, revealing a U-shaped relationship between income and MREN adoption. FSD and GOVE, significantly drive MREN adoption, though effects vary regionally. East/Southern Africa leveraged FSD effectively for geothermal and wind projects (Kenya, Tanzania), whereas West/Central Africa’s lax governance structure diminishes FSD’s influence. These results reveal the need for regionally tailored institutional and policy reforms that integrate financial infrastructure with institutional quality to accelerate renewable energy transitions.

Novelty
This study uniquely applies the Modern Renewable Energy-Environmental Kuznets Curve (MRENEKC) framework within the SSA context to offer a comprehensive analysis that links FSD and GOVE to MREN adoption. It fills a critical gap by assessing this underexplored dynamic, and provides actionable insights for policy targeting green growth, energy access, and institutional reform in SSA.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[The Views of Poznań Students Regarding Limiting Meat Consumption]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0025</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0025</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
Sustainable development encompasses both environmental and social issues. Due to the need to reduce greenhouse gas emissions, it will also be necessary to reduce the production and consumption of the most carbon-intensive products, which include meat.

Purpose
The aim of this study is to investigate the attitudes of students attending Poznań universities towards limiting meat consumption.

Research methodology
A survey was conducted in the form of an online questionnaire. A total of 873 respondents took part in the survey, including 575 (65.9%) women, 287 (32.9%) men and 11 (1.2%) others/did not wish to specify. Due to the overrepresentation of respondents from one of the universities, the results refer to the surveyed group and are not representative of students of Poznań. Correspondence Analysis (CA) was incorporated to enhance drawing conclusions from the obtained results and to visualize the relation between categorical variables.

Results
The survey showed that surveyed students limit their meat consumption to a greater extent (56.8%) than the national average (39%). Based on the correspondence analysis it was concluded that the size of the town of origin was not crucial in this respect. On the other hand, when CA was conducted on University affiliation it revealed two strong relations-University of Art’s students tend to abstain from meat consumption while those studying at Technical University declare high meat consumption more frequently than the study population. Large gender differences could also be observed – among women, as many as 66.4% of respondents limited their meat consumption, while among men it was only 31.9%. The most important reasons for limiting meat consumption were concern for the environment (52.7%) and the desire to reduce animal suffering (49.0%).

Novelty
Main novelty of the study encompasses surveying respondents on issues relating to both human health, the state of the environment and ethics, as well as taking into account their interests and predispositions, represented by their university choice.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Examining the Influence of Parental Role, Peers, and Debt Literacy on Debt Behaviour among Undergraduate Students in Indonesia and Malaysia]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0024</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0024</guid>
            <pubDate>Wed, 17 Dec 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
Debt behaviour is an aspect of financial behaviour that reflects a person’s behaviour regarding borrowing money. In order to understand the factors that influence debt behaviour among students in Indonesia and Malaysia, it is crucial to conduct research on this matter. While the majority of the people in these two countries are Malay, it is possible that there are differences in their debt patterns.

Purpose
This study aims to empirically clarify the influence of parental subjective norms, parental financial teaching, peer influence, and debt literacy on debt behaviour among undergraduate students in Indonesia and Malaysia.

Research methodology
This study’s sample included 160 Indonesian and 160 Malaysian students. Using partial least squares structural equation modelling, the factors affecting debt behaviour were identified.

Results
The factors significantly influencing debt behaviour at the 5% alpha level in Indonesia include parental subjective norms, parental financial teaching, and debt literacy, whereas those in Malaysia include parental subjective norms, peer influence, and debt literacy. A consistent finding across both countries is the impact of parental subjective norms and debt literacy, suggesting that parents as role models and knowledge and skills related to debt management are crucial for enhancing students’ borrowing behaviour.

Novelty
There is a lack of research on the impact of debt literacy on debt behaviour, and no previous comparisons have been undertaken between Indonesia and Malaysia. A novel discovery in this study is that although Indonesia and Malaysia are cognate countries, the impact of parents and peers on shaping financial behaviour varies slightly.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Human Development and Corruption: Analysing Relationships and Management Opportunities Using the OODA Loop]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0014</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0014</guid>
            <pubDate>Tue, 10 Jun 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
Balanced state development is impossible without sustainable human development. In turn, corruption has a significant impact on the level of human development, since a high level of corruption leads to an unfair distribution of income and resources and exacerbates inequality in society.

Purpose
The study aims to determine the features of the relationship between human development and corruption.

Research methodology
This study uses methods of a correlation and cluster analysis; descriptive statistics; visualizing; OODA (Observe, Orient, Decide and Act) loop approach, and Human Development Index and Corruption Perceptions Index as indicators.

Results
The study found a direct positive relationship between the indicators in the whole sample (177 countries for 2022). However, this relationship differs significantly across the groups of countries that were identified in the cluster analyses. The research also revealed differences between clusters in the distribution of the indicators.

Novelty
The novelty of the research consists in the use of the author’s methodological approach to studying the relationship between human development and corruption in a cross-country aspect. The author proposes to use the OODA loop for human development management. The implementation of the human development management model based on the Boyd cycle will make it possible to adjust management in real time at all stages, taking into account country specifics and dynamic changes in the environment.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Internationalisation and the Financial Performance of Companies]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0013</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0013</guid>
            <pubDate>Tue, 10 Jun 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
The literature of Polish authors points to the study of the financial performance of companies in the process of internationalisation by means of classic profitability indicators. Foreign literature goes beyond this area of studying the performance of companies in the internationalisation process. The authors propose less standard indicators for assessing company performance: market capitalisation, asset value, EBITDA (not ROA, ROE, ROS).

Purpose
The purpose of this paper is to assess the impact of internationalisation on selected financial ratios of Asian companies in the food sector.

Research methodology
Purposive sampling was used in the study and the selection of units was based on the availability of financial data in the EMIS database. The target population comprised joint-stock companies in the food sector in Asia that had export operations between 2000 and 2022.

Results
On the basis of the results of internationalisation and its impact on selected financial results and the relationships between financial indicators (EBITDA, asset size, market capitalisation) examined, it was decided to reject the main hypothesis.: There are links between internationalisation and factors indicative of a company’s economic performance and the interrelationship between these factors (total assets, EBITDA, market capitalisation).

Novelty
This research presents the impact of internationalisation on less commonly used indicators in performance evaluation, which can be considered a novel contribution to prior studies.

]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Exploring the Nexus Between Working Benefits and Company Characteristics in Creative Industries]]></title>
            <link>https://sciendo.com/article/10.2478/foli-2025-0010</link>
            <guid>https://sciendo.com/article/10.2478/foli-2025-0010</guid>
            <pubDate>Tue, 10 Jun 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Research background
Creative industries nowadays stand as one of the driving forces behind modern knowledge-based economies. Despite their many advantages, this research focuses on some of the less positive aspects of their development, notably less than optimal working conditions.

Purpose
One aspect that significantly influences working conditions is the provision of working benefits. This paper aims to assess the prevalence of working benefits and determine the company characteristics that influence their distribution.

Research Methodology
The occurrence of individual working benefits is analysed using descriptive statistics tools. To analyse the impact of the selected company characteristics on the prevalence of working benefits, a Working Benefits Model is developed and validated using confirmatory factor analysis tools. Analysed data are obtained from a questionnaire completed by eighty-two small and medium-sized companies in the Czech Republic.

Results
The most common benefits include flexible working hours, home office options, and providing mobile phones and/or laptops to employees. From the perspective of company characteristics, the presence of unpaid work within a company, the number of employees, and the location within highly urbanised centres all significantly impact the prevalence of working benefits.

Novelty
This research enhances the comprehension of working benefits in creative industries, revealing the relationship between company characteristics, and working benefits.

]]></description>
            <category>ARTICLE</category>
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