Prelims

Half Title Page

MANAGING RISK AND DECISION MAKING IN TIMES OF ECONOMIC DISTRESS, PART A

Series Page

CONTEMPORARY STUDIES IN ECONOMICS AND FINANCIAL ANALYSIS

Series Editor: Simon Grima

Title Page

CONTEMPORARY STUDIES IN ECONOMIC AND FINANCIAL ANALYSIS: VOLUME 108

MANAGING RISK AND DECISION MAKING IN TIMES OF ECONOMIC DISTRESS, PART A

EDITED BY

SIMON GRIMA

University of Malta, Malta

ERCAN ÖZEN

University of Uşak, Turkey

and

INNA ROMĀNOVA

University of Latvia, Latvia

United Kingdom – North America – Japan – India – Malaysia – China

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Emerald Publishing Limited

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First edition 2022

Editorial matter and selection © 2022 Simon Grima, Ercan Özen and Inna Romānova. Published under exclusive licence by Emerald Publishing Limited.

Individual chapters © 2022 Emerald Publishing Limited.

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A catalogue record for this book is available from the British Library

ISBN: 978-1-80117-427-5 (Print)

ISBN: 978-1-80117-426-8 (Online)

ISBN: 978-1-80117-428-2 (Epub)

ISSN: 1569-3759 (Series)

Contents

About the Contributors

Mujde Aksoy is a Lecturer at Bandirma Onyedi Eylul University, Bandirma, Balikesir. She graduated from Industrial Engineering Department, Dumlupınar University in 2005. She completed her Master’s degree in Business, Balikesir University in 2013, and her PhD degree in Business & Marketing at Bandirma Onyedi Eylul University, in 2020. Her research interests are customer behaviour and service marketing. She has taught a wide range of topics relating to marketing, international marketing, service marketing since 2019.

Gani Asllani holds MA and PhD in Finance from University of Pristina, Kosovo. He teaches public finance, taxation and competition rights. He is an Associate Professor at University ‘Haxhi Zeka’, Peja within the Law Faculty. During his 20 years of experience, he has contributed to the creation of the tax system in Kosovo, making tax analysis and expertise, participating in several working groups at international level (IMF, OECD and Robert Shuman Center for Advance Studies).

Ercan Bahtiyar, PhD, was born in Kardzhali/Bulgaria in 1987. He is a Research Fellow at Usak University FEAS, Department of Public Finance. He graduated from Afyon Kocatepe University, Department of Public Finance in 2008. He completed his Master’s degree in the field of Public Finance Theory at Dokuz Eylul University in 2012. He got his PhD degree in Public Finance at Usak University, Department of Public Finance in 2019. His teaching and research fields include public finance theory, taxation and economic freedoms, tax systems, tax criminal law and tax jurisdiction.

Mehmet Baygin was born in Elazig, Turkey, in 1988. He received a BS degree in Computer Engineering from Firat University, Elazig, Turkey, in 2010, his MS degree in Computer Engineering from Firat University, Elazig, Turkey, in 2013, and a PhD degree in Computer Engineering from Firat University, Elazig, Turkey, in 2018. He is currently an Assistant Professor Doctor in the Department of Computer Engineering, Ardahan University, Ardahan, Turkey. His research interests are image processing, computer vision, photovoltaic systems and heuristic methods.

Clinton Cassar is a Visiting Lecturer at the Department of Public Policy, University of Malta. In 2008, he was awarded a Bachelor of Arts (Honours) degree in Geography with first-class honours, followed by a Postgraduate Certificate in Education a year after. In 2015, he was awarded a Master in Education for Sustainable Development with distinction. He has published original research in the areas pertaining to governance, education and sustainability both in local and international journals. Throughout the years, he also provided his expertise as a Trainer and Consultant with various private and public entities.

George Dimech, MPhil (Construction Management, Melit.), MBA(Distinction)(Reading), RICS Postgraduate Diploma Project Management (Distinction)(Reading), DipSurv (Distinction)(CEM), MRICS, MCIArb, is a Senior Visiting Lecturer within the Faculty for the Built Environment at the University of Malta. He currently teaches procurement, tendering and contract administration, risk and value management modules at undergraduate and postgraduate levels. He is a Chartered Quantity Surveyor, Project Manager, Consultant and Arbitrator. During his 32 -year career he has served as CEO, Managing Director, Senior Consultant, Principal Contracts Manager and Quantity Surveyor in a variety of roles and academic directions. His private and public sector contracts experience include dispute resolution, mixed-use developments, restoration, hospitality, healthcare facilities and hospitals.

Rebecca Dalli Gonzi, PhD (Glasg), MSc (Edin), B.E. & A., (Melit) (Hons), A. & C.E., A.L.C.M. (Lond), is an Architect, Project Co-ordinator and Lecturer. She is a Registered and Certified Civil Engineer by the Chamber of Architects Malta, and a Registered Chartered Member of the Royal Institute for British Architects London. She has worked in the private and public sectors, both in Malta and in Scotland. She is a Resident Academic at the University of Malta and lecturing Project Management in the Department of Construction and Property Management and within the Department of Insurance, in Geopolitical and Environmental Risk, and Business continuity Management. She lectures Project Development at the Institute for Sustainable Energy. She founded the DALI Model, which is a tool for assessing organisational risk, which can be used when firms require a recovery response due to a crisis. This model has been presented as an empirically tested model in a specific setting for managing organisational risk so that firms achieve their goals with minimal setbacks. Her book entitled Change and Continuity Management in the Public Sector, which presents the research underlying this model, reinforces the idea that good governance requires the right decision-taking methods if any organisation is to succeed. Areas in her portfolio of research include organisational management, strategic project management and construction management.

Simon Grima is the Head of the Department of Insurance, in charge of the Bachelor of Commerce in Insurance, the Bachelor of Commerce (Honours) and Master’s degrees in Insurance and Risk Management, Deputy Dean of the Faculty of Economics, Management and Accountancy and an Associate Professor at the University of Malta. He set up the Insurance Department in 2015 and started and Coordinates the MA and MSc Insurance and Risk Management degrees. He served as the President of the Malta Association of Risk Management between 2013 and 2015, and President of the Malta Association of Compliance Officers between 2016 and 2018. Moreover, he is among the first Certified Risk Management Professionals and a Board Member of the Federation of European Risk Managers (FERMA), is the Co-chair and Chairman of FERMA Certification and the Scientific Education Committee of the Public Risk Management Organization, respectively, and was a Member of the Curriculum Development Team of Professional Risk Managers’ International Association in 2014. His research focus and consultancy is on governance, regulations and internal controls (i.e. risk management, internal audit and compliance) and has over 30 years of experience varied between financial services and with public entities in academia, internal controls, investments and IT. He acts as an Independent Director for Financial Services Firms, sits on Risk, Compliance, Procurement, Investment and Audit Committees, and carries out duties as a Compliance Officer, Internal Auditor and Risk Manager. He has acted as Co-chair and is a Member of the Scientific Program Committee on some international conferences and is a Chief Editor, Editor and Review Editor of some Journals and Book Series. He has been awarded Outstanding Reviewer for Journal of Financial Regulation and Compliance in the 2017 Emerald Literati Awards.

Arzu Gürdoğan She completed her Primary and Secondary Education at Bodrum and Bodrum Anatolian Tourism Vocational High School respectively. Her undergraduate education was completed at the Adnan Menderes University School of Tourism and Hotel Management School. She then graduated from the Dokuz Eylül University, Department of Tourism. Between 1999–2008 she worked as a research Assistant in Tourism Management at the Adnan Menderes University, School of Hotel Management. where she received her doctoral degree in 2010. Since 2012 she is a lecturer at the Ortaca Vocational High School in Mugla Sıtkı Kocman University, School of Travel and Tourism and Leisure Services Department.

Derya Timucin Hayat received her BSc in Tourism Management (2002); MSc in Tourism and Hospitality Management (2005) from Eastern Mediterranean University; and PhD in Tourism and Hospitality Management (2020) from Girne American University. She has over 10 years of experience in the hospitality industry. Now she is a Lecturer in the School of Tourism and Hospitality Management, ‘Girne American University, North Cyprus-Turkey’. Her current research interests include stakeholder management, sustainable tourism and cultural heritage tourism/eco-tourism. She is giving lectures on hotel operations, travel agency operations, human resource in hospitality and hospitality ethics.

Hamdi Hoti received his PhD at the University of Tirana. He is an Associate Professor at the Faculty of Economics, University ‘Ukshin HOTI’ Prizren. His research interests include corporate governance, change management, human resource management, scientific research methods and project management. He is a Vice Dean in the same faculty.

Mërgim H. Hoti is a PhD Candidate at the South-East European University in Computer Science. Also, currently, he is a Teaching Assistant at the University of Prizren ‘Ukshin HOTI’, Faculty of Computer Science and Faculty of Education and his interest’s fields are natural language processing, artificial intelligence and data mining.

Blend Ibrahim is an Assistant Professor of Marketing and Tourism at the Department of Tourism Management, School of Tourism and Hospitality Management, ‘Girne American University, North Cyprus-Turkey’. He received his BSc in Business Management from Aleppo University, Faculty of Economics and Administrative Sciences (2008), MSc in Business Management (2016) and PhD in Business Management (Marketing) (2019) from Girne American University. His current research interests include social media marketing, corporate social responsibility, consumer behaviour, sustainable tourism, tourism and hospitality management, and branding. He is a Member of the International Network of Trainers and Consultants at ATLAS.ti (Germany) for qualitative data analysis.

Salih Serkan Kaleli was born in Erzurum, Turkey, in 1986. He received his Bachelor’s degree in the Department of Business Management at Ataturk University, Erzurum, Turkey in 2009; his Master’s degree in Numerical Methods at Ataturk University in 2013; and his PhD in the Department of Management Information Systems at Ataturk University in 2019. He is currently an Assistant Professor Doctor at the Department of Office Management and Manager Assistance at Social Sciences Vocational School at Ardahan University, Ardahan, Turkey. He is interested in such research areas as optimisation, statistics and business management.

Mustafa Karabacak was born in Eskişehir in 1985. He graduated from Anadolu University, Economic and Administrative Sciences Faculty, Department of Economics in 2008. He began his academic career as a Research Assistant at Usak University in 2009. He completed his PhD at Anadolu University in 2016. Then he became an Assistant Professor at Usak University. His main research subject is money and foreign exchange markets.

Necla Kuduz graduated from Selcuk Unıversıty Vocatıonal School of Social Sciences, Marketıng Department in 2004. In 2008, she graduated from the Faculty of Economıcs and Admınıstratıve Sciences, Management Department, Selçuk Unıversıty. In 2011, she completed her Master’s degree in Selcuk Unıversıty Social Sciences, Instıtute Busıness Management and Marketing Department. The subject of the Master’s Thesıs is on Green Marketıng was publıshed as a book. In 2015, she completed a PhD at Dokuz Eylul Unıversıty Management. The subject of the Doctoral Thesıs is on Hedonıc Consumption. Sınce May 2016, she continues to work at the Faculty of Applied Sciences of Uşak Universıty.

Edisona Kurhasku is a PhD Candidate in economic field, University ‘Hasan Prishtina’ Prishtina. She has long experience in developing marketing techniques especially in Republic of Kosovo where two of her theses have discussed role and challenges in Kosovo’s market. Also, she has several scientific papers which are focussed on developing and finding new forms of solution especially in marketing field.

Oytun Meçik, PhD, was born in Eskişehir/Turkey in 1985. He graduated from Eskişehir Osmangazi University, Department of Economics in 2008. In the same year, he began his academic career as a Research Assistant at Uşak University, Department of Economics and he completed his graduate degree at Uşak University in 2010. Then, he completed his PhD studies at Anadolu University, Department of Economics in 2014. He has been working at Eskişehir Osmangazi University, Department of Economics since 2015. He became an Associate Professor in 2017. His main research fields of study, labour market, social and economics networks, and structural transformations.

Peterson K. Ozili is an Economist, affiliated with the Central Bank of Nigeria. He works extensively in Academia and Policy-making. He has experience in economic policy, financial inclusion, financial stability, financial innovation, banking regulation and supervision. His areas of specialisation are: financial economics, international development, accounting, development finance, the economics of financial markets, banking and financial reporting. He has published extensively in many accounting and finance journals such as the British Accounting Review, Journal of Applied Accounting Research, Journal of Accounting in Emerging Economies, International Journal of Managerial Finance, European Journal of Finance, Research in International Business and Finance, etc.

Esat Saçkes is a Lecturer at Balikesir University in Turkey. He graduated from the Tourism Management Department, Balikesir University in 2003. He completed his Master’s degree in Tourism Management and Marketing, Balikesir University in 2007, and his PhD degree in Tourism Marketing at Balikesir University in 2019. From 1996 to 2007 he worked at the Front Office Department in many hotels around Turkey. He currently works at the Department of Tourism Management (Sindirgi School of Advanced Vocational Studies), Balıkesir University. He teaches a wide range of topics relating to tourism, hospitality, and marketing and tourism automation softwares. His research interests include electronic word of mouth marketing, quiet tourism in tourism and hospitality services.

Armend Salihu works as an IT Auditor at National Audit Office – Republic of Kosovo. Also he is engaged as Teaching Assistant at the University of Prishtina, Faculty of Mathematics – Natural Sciences. Currently, he is pursuing a PhD in Computer Science at the South-East European University. His research interests are: IT audits, information system audit, theoretical computer science, security, technology and simulations.

Alan Wild is a Retired Academic Advisor actively involved in construction management and acting as an International Distance Tutor. He worked at the University of Central England until 2002 as Academic Supervisor of the 1990 MSc in Construction Project Management. He has taught worldwide as a Distance Teacher for the Open University and for Henley Management College and the College of Estate Management since 1978 and worked for Warwick Manufacturing Group from 1990 to 2000. From 1999 to 2001 he taught at the University of Montpellier under the Erasmus program. He has written extensively on aspects of management, including construction and the manager as ‘reflective practitioner’, and has worked with practitioners from all levels of industry and commerce, including lay trade union representatives through to senior managers.

Ozer Yilmaz is an Associate Professor of Marketing as Bandirma Onyedi Eylul University, Bandirma-Balikesir-Turkey. He has a BS in Business Administration from Balıkesir University (2003), MBA and PhD in Business Administration from Balikesir University (2014). His research interests are customer behaviour, marketing research and service marketing. He has taught marketing research, principles of marketing, international marketing, service marketing, etc., at both graduate and undergraduate levels.