Search results

The chapter discusses the preliminary evidence for the state of Vocational Education and Training (hereafter VET) for social entrepreneurship and organizations and especially for European Social and Solidarity Economy (SSE). Drawing upon a European project, and gathering information from five countries; Croatia, Czech Republic, France, Greece and Italy, this study aims to demonstrate that educational programmes are encompassed among the necessary SSE support mechanisms in the EU's socio-economic framework. Moreover, this chapter shows that this connection between SSE and adult education is not coincidental, but is founded on the converging principles of these fields, as well as in their common belief in society's transformational potential. This evidence tends to fill a gap in the literature of European SSE given that it is a recent, under-researched subject in general and especially in linking it to VET. This is all the more important in view of ongoing crises (e.g. financial, COVID-19, environmental), which highlight that social economy perspectives can no longer abstain from the political agendas across the world.

This paper aims to examine potential diversification benefits between Eurozone (i.e. EURO STOXX 50) and key Asia markets: HSI (Hong Kong), KOSPI (South Korea), NIKKEI 225 (Japan) and TSEC (Taiwan). The sample covers the period from 04-01-2008 to 19-10-2023 in daily frequency.

The empirical investigation is based on the wavelet coherence analysis, which is a localized correlation coefficient in the time and frequency domain.

The results provide evidence that long-term diversification benefits exist between EURO STOXX and NIKKEI, EURO STOXX and KOSPI (after 2015) and there are signs for the pair and EURO STOXX-TSEC (after 2014). During the short term, there are signs of diversification benefits during the sample period. However, during the medium term, the diversification benefits seem to diminish.

These results have crucial implications for investors regarding the benefits of international portfolio diversification.