International Conference on International Business 2011 FRIDAY 20 MAY Room Sirocco 09.15-10.45 SESSION 1: GLOBAL FINANCIAL CRISIS Chair: IOANNIS PAPADOPOULOS, University of Macedonia, Greece. 1: Islamic Banking and Economic Recession: An Empirical Discourse in the Midst of Global Recession 2007-2010. Abdulmonem Al-Zalabani, Yanbu Industrial College, Saudi Arabia [and Reji D. Nair]. 2: Social Entrepreneurship as the Answer on Crisis. Vladimir Marinkovic, Megatrend University, Serbia [and Natasa Stanisavljevic &Tea Golja]. 3: Greek sovereign credit market dynamics: Credit Default Swap and Bond spreads' linkages. Ioannis A. Tampakoudis, University of Macedonia, Greece [and Demetres N. Subeniotis & Ioannis G. Kroustalis]. 4: 'Shaping the Ship by Using the Old Beams and Driftwood': Are We Gradually Reconstructing the Eurozone after the Outbreak of the European Debt Crisis? Ioannis Papadopoulos, University of Macedonia, Greece. 5: Changes on FDI After the Recent Crisis: A Comparison between Turkey and Greece. Fatih Yegenoglu, School of Business in Okan University, Turkey Room Sirocco 11.00-12.30 SESSION 2: GLOBALIZATION, INEQUALITY AND TRANSITION Chair: KONSTANTINOS HAZAKIS, Demokritos University of Thrace (DUTH), Greece. 1: Globalization, Institutional Reforms and Financial Development in Asian Emerging Economies. Hui-Boon Tan, Nottingham University Business School, The University of Nottingham Malaysia Campus, Malaysia [and W.N.W. Azman-Saini & Siong-Hook Law]. 2: The Free Economic Zone as Development Opportunities in Transition Country (In focus the case of Albania). Suela Gerdhe, University "Fan. S. Noli" Korce, Albania [and Dr. Anila Mancka]. 3: The Role of the European Union in the international business. Despina Anagnostopoulou, University of Macedonia, Greece. 4: Employment practices in family-owned firms: Evidence from a Survey. Achilleas Anagnostopoulos, Technological Education Institute of Larissa, Greece. 5: Income Inequality in Greece: Investigation and Statistical analysis of Gini coefficients and S80/S20 changes (1960-present). Christos C. Frangos, Technological Educational Institute (TEI) of Athens, Greece [and Constantinos C. Frangos & Dimitris Kivotos]. Room Ostria 11.00-12.30 SESSION 3: INTERNATIONAL POLITICAL ECONOMY (PAPERS IN GREEK) Chair: ATHANASIOS BOZINIS, University of Macedonia, Greece. 1: Ο παράγοντας της «μαζικής ψυχολογίας» στην παγκόσμια χρηματοπιστωτική κρίση και τρόποι πρόληψης. Γεώργιος Γαλατσίδας, Πανεπιστήμιο Πελοποννήσου, Ελλάδα [και Γεώργιος Μάρης & Παντελής Σκλιάς]. 2: Ηλεκτρονική Διακυβέρνηση και Οικονομική Ανάπτυξη: σύγχρονα προβλήματα και προοπτικές. Το παράδειγμα της Ελλάδας. Μαρία Δ. Μυλώση, Πανεπιστήμιο Μακεδονίας , Ελλάδα [και Αθανάσιος Η. Μποζίνης]. 3: Διαφθορά και Ανάπτυξη Επιχειρήσεων. Δάφνη Αθανασούλη, Πανεπιστήμιο Πελοποννήσου, Ελλάδα. 4. Ανεργία και υποχρεωτική αναγνώριση της προϋπηρεσίας του εργαζομένου: Η Ελληνική εμπειρία. Σμάγαδη Θεοδώρα, Πανεπιστήμιο Πελοποννήσου, Ελλάδα [και Πύρρος Παπαδημητρίου]. Room Sirocco 13.15-14.45 SESSION 4: MACROECONOMIC ISSUES Chair: IOANNIS A. TAMPAKOUDIS, University of Macedonia, Greece. 1: Adverse Selection Models with Three Types of Agent and Asymmetric Distributed Parameters. Daniela Elena Marinescu, The Bucharest Academy of Economic Studies, Romania [and Dumitru Marin]. 2: Modeling of Current Accounts in South East Europe. Milivoje Radovic and Milos Vulanovic, University of Montenegro, Montenegro 3: The Effect of Industrial Production and Trade Balance on National Debt Levels: Evidence from the European Economy. Kotsios Panayotis, University of Macedonia, Greece [and Kalimeris Dimitris, Alexander Technological Educational Institute of Thessaloniki]. 4: Current Account Balance in Albania and the Influence of the Different Factors on it. Eleni Vangjeli, University “Fan S.Noli” Korce, Albania [and Marinela Teneqexhi & Suela Gerdhe]. Room Ostria 13.15-14.45 SESSION 5: INTERNATIONAL POLITICAL ECONOMY AND BUSINESS I (PAPERS IN GREEK) Chair: PANTELIS SKLIAS, University of Peloponnese, Greece. 1: Επιλογές μείωσης του δημοσίου χρέους στις δυτικές οικονομίες: Η ορθόδοξη προσέγγιση, το κόστος της χρεοκοπίας και οι επιπτώσεις του πληθωρισμού. Πύρρος Παπαδημητρίου, Πανεπιστήμιο Πελοποννήσου, Ελλάδα. 2: Το νέο θεσμικό πλαίσιο για Στρατηγικές Επενδύσεις στην Ελλάδα (Fast Track): Τα πρώτα βήματα. Δημήτριος Β. Σκιαδάς, Πανεπιστήμιο Μακεδονίας, Ελλάδα. 3: Από την Πιστωτική Κρίση των Τραπεζών στη Δημοσιονομική Κρίση των Κρατών. Γιώργος Δουράκης, Αριστοτέλειο Πανεπιστήμιο Θεσσαλονίκης, Ελλάδα. 4: The Political Economy of Regional Business Development in Western Balkan Economies. Pantelis Sklias, University of Peloponnese, Greece. www.icib.eu Room Sirocco 16.00-17.30 SESSION 6: FDI AND ECONOMIC DEVELOPMENT (STUDENT PAPERS) Chair: DIMITRIOS SKIADAS, University of Macedonia, Greece. 1: The foreign direct investment into perspective: evidence from the Turkish banking sector. Panayiotis Kontakos, University of Macedonia, Greece. 2: Determinants of foreign direct investment (FDI) in Bulgaria: An econometric analysis using panel data. Christina Sakali, University of Macedonia, Greece. 3: The Econometric Power Production Function of the Public Power Corporation of Greece. Karampouzis D. Athanasios, University of Macedonia, Greece. 4: Relationship of Customer Behavior and Turnover Intention of ‘Customercontact Employee’: Case of Indonesian Minimarkets Nina Septina, Open University and Maastricht School of Management, The Netherlands [and Agus Gunawan]. Room Ostria 16.00-17.30 SESSION 7: INTERNATIONAL POLITICAL ECONOMY AND BUSINESS II (PAPERS IN GREEK) Chair: ΣΠΥΡΟΣ ΡΟΥΚΑΝΑΣ, Πανεπιστήμιο Πειραιώς, Ελλάδα 1: Οι Κοινωνικές επιπτώσεις των ενεργειακών επενδύσεων στην τοπική κοινωνία: O αγωγός Μπουργκάς-Αλεξανδρούπολης ως περιπτωσιολογική μελέτη. Κωνσταντίνος Χαζάκης, Δημοκρίτειο Πανεπιστήμιο Θράκης, Ελλάδα [και Ιωάννης Κ. Μουρμούρης]. 2: Ευρωπαϊκή Πολιτική Οικονομία και Ανταγωνιστικότητα στην εποχή της κρίσης. Δρ. Σπύρος Ρουκανάς, Πανεπιστήμιο Πειραιώς, Ελλάδα. 3: Διεθνής Πολική Οικονομία του Περιβάλλοντος και της Κλιματικής Αλλαγής. Αθανάσιος Η. Μποζίνης, Πανεπιστήμιο Μακεδονίας, Ελλάδα. 4: Στρατιωτικοί Εξοπλισμοί και Ανάπτυξη: Η Περίπτωση της Τουρκίας. Ευαγόρας Λ. Ευαγόρου, Πανεπιστήμιο Πειραιώς, Ελλάδα. 5: Διαχρονική Εξέλιξη (1974-2011) πολιτικών της κοινωνικής ασφάλισης στην Ελλάδα με μεθόδους της ανάλυσης δεδομένων-εξελίξεις στην Ευρωπαϊκή Ένωση. Μασούρα Ελευθερία, Πανεπιστήμιο Μακεδονίας, Ελλάδα. SATURDAY 21 MAY Room Sirocco 09.15-10.45 SESSION 8: BANKING AND FINANCIAL CRISIS Chair: VIRGINIA IVANOVA ZHELYAZKOVA, VUZF University, Bulgaria. 1: The New Improved Process of the Securitization. Elena Makrevska, University American College, FYROM. 2: Credit Reputation of Russian Companies: Formation and Use in the World Financial Crisis Conditions. Sergey Gorin, Εditor-in-chief Journal "International scientific researches", Russia. 3: Performance benchmarking of non-banking financial institutions by the means of Self-Organizing Maps (SOM). Adrian Costea, Academy of Economic Studies, Romania. 4: Financing Green Projects in Bulgaria – An Empirical Analysis for the Opportunities for Banks and Businesses. Virginia Ivanova Zhelyazkova, VUZF University, Bulgaria. Room Sirocco 11.00-12.30 SESSION 9: MARKET ANALYSIS Chair: YORGOS RIZOPOULOS, University of Picardie, France. 1: An Event Study of Announced and Completed Cross Border Acquisition in the Philippines: A Test of the Acquisition Probability Hypothethis. Candy Lim Chiu, University of Santo Tomas, Philippines [and Frederick Romero]. 2: Underwriting of Unit IPO’s: A Case of Specified Purpose Acquisition Companies. Lakicevic Milan, University of Montenegro, Μontenegro, and Vulanovic Milos, Western New England College, USA. 3: Barriers and Benefits from Implementing Quality Standards in the Hotel Industry. Socrates Amanatides, Hellenic Open University, Greece [and Rodoula H. Tsiotsou]. 4: Examination of fundamental correlations and linkages among stock markets-a quantitative approach in Greek, European, USA and Asian stock markets. Dimitrios Tinos, University of Macedonia, Greece [and Ioannis Kroustalis & Ioannis Michopoulos]. Room Ostria 11.00-12.30 SESSION 10: ΔΙΕΘΝΕΣ ΕΠΙΧΕΙΡΗΜΑΤΙΚΟ ΠΕΡΙΒΑΛΛΟΝ (STUDENT PAPERS IN GREEK) Chair: ARISTIDIS BITZENIS, University of Macedonia, Greece. 1: Οι ελληνικές ΑΞΕ στην Βουλγαρία, Ρουμανία, Σερβία και ΠΓΔΜ, περιπτωσιολογική μελέτη των ελληνικών ΞΑΕ στην ΠΓΔΜ. Ανέστης Καρβουνίδης, Πανεπιστήμιο Μακεδονίας, Ελλάδα. 2: Η Χρήση των social media στην εταιρική επικοινωνία. Μαρία Α. Χατζινά, Ελληνικό Ανοιχτό Πανεπιστήμιο, Ελλάδα. 3: Η διαφθορά στην Ελλάδα μέσω της αντίληψης των Λογιστών–Φοροτεχνικών. Λευκοθέα Λιάρου, Αριστοτέλειο Πανεπιστήμιο Θεσσαλονίκης, Ελλάδα [και Χαράλαμπος Σπάθης]. 4: Η Ευρωπαϊκή διεύρυνση στα Βαλκάνια. Εκτιμήσεις και Προοπτικές. Petya Atanasova, University of Macedonia, Greece. 5: ‘Out of pocket’ Πληρωμές για Υπηρεσίες Υγείας πληθυσμού 50+. Λένα Μπορμπουδάκη, Παν/μιο Κρήτης, Ελλάδα [και Μαρκάκη Άννα-Μαρία, Μπορμπουδάκη Ευαγγελία, Αναστάσιος Φιλαλήθης]. SATURDAY 21 MAY (continued) Room Ostria 13.15-14.45 SESSION 11: ASIAN ECONOMIES (STUDENT PAPERS) Chair: ACHILLEAS ANAGNOSTOPOULOS, Technological Education Institute of Larissa, Greece. 1: Investigation of Clustering Impact to SMEs’ Innovation in Indonesia. Theresia Gunawan, Maastricht School Management, The Netherlands. 2: The Relationship between the Stock Market, CPI and Industrial Production in Iran and the Impact of Oil Price. Sina Mehrabirad, University of Tehran, Iran [and Mohammad Jafar Kabiri & Ataollah Mehrabirad]. 3: Can e-Management Improve the Indonesian SMEs? Agus Gunawan, UNPAR, Indonesia [and Mohamed A.Wahdan & H.Jaap van den Herik & Yoke Pribadi Kornarius]. conference program THURSDAY 19 MAY 18.30-21.30 FRIDAY 20 MAY 09.00-09.15 Room Sirocco 13.15-14.45 SESSION 12: FDI AND INTEGRATION Chair: JOHN MARANGOS, University of Crete, Greece. 1: Assessment of the impact on local and regional economy of FDI: the case of an investment in a new pipeline project. Mary F. Sartzetaki, Democritus University of Thrace, Greece [and John C.Mourmouris & Dimitrios J. Dimitriou]. 2: Incentives and disincentives for entry modes of FDI in FYROM: Preliminary results. Vasileios A. Vlachos, University of Macedonia, Greece [and Aristidis Bitzenis & Valentina Nuskova]. 3: The Impact of Economic Integration on FDI: Applied Study on ASEAN. Amany Fakher, Helwan University, Cairo, Egypt. 4: When EU met Western Balkans: Ready for the wedding? Dr. Marina Petrelli, Research Associate Institute of European Integration and Policy (IEIP), University of Athens, Greece [and Dr. George M. Aspridis] 5: Tourism Investment in Palestine: Opportunities and Challenges. Mazen Rohmi, UUM, Malaysia. SATURDAY 21 MAY Room Sirocco 14.45-16.15 SESSION 13: INTERNATIONAL DEVELOPMENT (STUDENT PAPERS) Chair: VASILEIOS A. VLACHOS, University of Macedonia, Greece. 1: Ethics and International Political Economy: An International Development Ethics Paradigm. Nikos Astroulakis, University of Crete, Greece. 2: The Roles of Multinational SMEs, and Challenges to their Growth and Sustainability in Developing Countries. Nakato Evelyn, Cyprus Institute of Marketing, Uganda. 3: The Effects Of Joining To WTO on Non-Oil Export Of Iran. Seyed Mohammad Hossein Sadr, University of Tehran, Iran [and Mahdi Ahrari]. 4: Sources of Competitive Advantage in International Strategy. Mr. Kibowa Nathan, Progressive Institute of Business Studies, Uganda. 5: Determinant Factors of the Impact of FDI on Economic Growth: A Literature Review. Chrysanthi Tsimpida, University of Macedonia, Greece. Welcome Drink. Registration & Distribution of Conference Materials. 09.15-10.45 10.45-11.00 11.00-12.30 12.30-13.15 13.15-14.45 14.45-15.45 15.45-16.00 16.00-17.30 17.30–18.15 Organizers 18.30-21.00 Room Sirocco Welcome Speech PROF. D SUBENIOTIS, SCIENTIFIC COORDINATOR FOR INNOVATION AND ENTREPRENEURSHIP, FORMER VICE RECTOR. DEMOCRACY IN CRISIS Room Sirocco SESSION 1: GLOBAL FINANCIAL CRISIS Coffee Break provided by ICIB 2011 Room Sirocco SESSION 2: GLOBALIZATION, INEQUALITY AND TRANSITION Room Ostria SESSION 3: INTERNATIONAL POLITICAL ECONOMY (PAPERS IN GREEK) Lunch Break Room Sirocco SESSION 4: MACROECONOMIC ISSUES Room Ostria SESSION 5: INTERNATIONAL POLITICAL ECONOMY AND BUSINESS I (PAPERS IN GREEK) Room Sirocco KEYNOTE SPEAKER: PROF. F. SCHNEIDER PROFESSOR OF ECONOMICS, CHAIR OF THE DEPARTMENT OF ECONOMICS – JOHANNES KEPLER UNIVERSITY (LINZ). THE SIZE AND THE DEVELOPMENT OF THE SHADOW ECONOMY AND CORRUPTION IN GREECE - A FIRST ESTIMATE Refreshment Break Room Sirocco SESSION 6: FDI AND ECONOMIC DEVELOPMENT (STUDENT PAPERS) Room Ostria SESSION 7: INTERNATIONAL POLITICAL ECONOMY AND BUSINESS II (PAPERS IN GREEK) Room Sirocco KEYNOTE SPEAKER: STEVE BAINBRIDGE SENIOR POLICY ANALYST, CEDEFOP. LEARNING FOR CHANGE: EUROPEAN VOCATIONAL EDUCATION AND POLICY Dinner provided by ICIB 2011 SATURDAY 21 MAY 09.15-10.45 10.45-11.00 11.00-12.30 Sponsors 12.30-13.15 13.15-14.45 14.45-16.15 16.15-16.30 16.30-17.00 17.30–21.00 Media Sponsors 2011 Room Sirocco SESSION 8: BANKING AND FINANCIAL CRISIS Coffee Break provided by ICIB 2011 Room Sirocco SESSION 9: MARKET ANALYSIS Room Ostria SESSION 10: STUDENT PAPERS IN GREEK: ΔΙΕΘΝΕΣ ΕΠΙΧΕΙΡΗΜΑΤΙΚΟ ΠΕΡΙΒΑΛΛΟΝ Lunch Break Room Ostria SESSION 11: ASIAN ECONOMIES (STUDENT PAPERS) Room Sirocco SESSION 12: FDI AND INTEGRATION Room Sirocco SESSION 13: INTERNATIONAL DEVELOPMENT (STUDENT PAPERS) Refreshment Break Room Sirocco Announcement of Best Student Paper - Closing Speech Assoc. Prof. I. Marangos, University of Crete Ass. Prof. I. Papadopoulos, University of Macedonia Dinner provided by ICIB 2011
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