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Article
Publication date: 14 May 2018

Thomas Papadopoulos

This paper aims to analyse the legal framework of reincorporations and subsequent change of applicable law in Greece and Cyprus. A comparison between Greek Law and Cyprus Law is…

Abstract

Purpose

This paper aims to analyse the legal framework of reincorporations and subsequent change of applicable law in Greece and Cyprus. A comparison between Greek Law and Cyprus Law is drawn. This paper highlights possible required reforms. Cyprus has a quite detailed legal framework of voluntary inbound and outbound reincorporations. While Greece has certain provisions on outbound reincorporations, it does not have any provisions on inbound reincorporations. The compatibility of these national provisions with internal market rules, as interpreted by the case law of the Court of Justice of the EU (CJEU), is discussed.

Design/methodology/approach

This paper follows a comparative approach. After a careful analysis of each national legal framework, a comparison between Greek law and Cyprus law follows. This paper also follows an EU law approach.

Findings

These two jurisdictions present some differences. Cyprus adopting the incorporation theory has a detailed, sophisticated and flexible legal framework of reincorporations. Although Greece adopting the real seat theory has some special provisions for outbound reincorporations, there are no specific provisions for inbound reincorporations. Inbound reincorporations are possible under Greek law, but the absence of detailed provisions is against legal certainty. Cyprus law on reincorporations could be used as an example for Greek legislature. However, possible EU harmonisation of seat transfers is expected to have an immense impact on national provisions for reincorporations.

Practical implications

Reincorporations constitute a significant corporate restructuring technique with important practical implications on the economy. Apart from academics, this paper attracts the interest of lawyers, managers, accountants, officers of supervisory and regulatory bodies and policymakers engaged with reincorporations.

Originality/value

This is one of the few academic papers comparing Greek and Cyprus company law and private international law. It is the first paper that compares the Greek and Cyprus legal framework of reincorporations.

Details

International Journal of Law and Management, vol. 60 no. 3
Type: Research Article
ISSN: 1754-243X

Keywords

Article
Publication date: 20 October 2023

Maretno Harjoto

This study aims to examine whether a change in the regulatory requirement toward gender quota for corporate leadership significantly affects the demand and therefore, it increases…

Abstract

Purpose

This study aims to examine whether a change in the regulatory requirement toward gender quota for corporate leadership significantly affects the demand and therefore, it increases the presence of women directors and women CEOs. Examining the supply-side, the study also examines whether the supply for women directors and women CEOs based on the presence of qualified women who currently hold upper, middle, or lower management positions is positively related with the presence of women directors and women CEOs. Furthermore, based on the critical mass hypothesis, this study examines whether the presence of women CEOs and critical mass for women directors bring significant impacts on firms' financial and environmental, social and corporate governance (ESG) performance during the subsequent period.

Design/methodology/approach

Using the multivariate regression analysis, this study empirically examines the impact of the shift in the demand for women directors and CEOs from the enactment of the Greek Law 4403/2016 on gender quota for corporate leadership. This study also examines the impact of the supply for women in corporate leadership, measured by the percentage of women who hold upper, middle, or lower management positions, on the presence of women directors and CEOs. Then, this study examines the impact of women directors and women CEOs on firms' subsequent financial and ESG performance.

Findings

Based on a sample of 71 publicly listed Greek firms and 20 Cyprus listed firms as a control group during 2006–2019, the study finds evidence that both the supply-side and the demand-side bring positive effects on greater women participation in corporate boards. However, there is no evidence that the supply and demand affect the presence of women CEOs. The presence of women CEOs has a positive effect on ESG through environmental and social pillars. The study finds evidence to support the critical mass hypothesis that firms with three or more women boards tend to have higher financial and ESG performance.

Social implications

Understanding the supply and demand for gender diversity in corporate leadership in countries that are considered as lagging is critical to foster the global objective to level the playing field for women to participate in corporate management leadership as important part the United Nations Sustainable Development Goal (UNSDG) 5.5. The positive impact of women directors on corporate financial and social performance can be achieved, especially when the critical mass is reached. This highlights the importance of greater gender representations in corporate boards and top executive level in order to make a meaningful social change.

Originality/value

This study demonstrates that the supply of women who currently hold corporate management positions has positive influence on the presence of women boards. This study also demonstrates that a national legislation that promotes gender diversity for corporate board has a positive impact on board gender diversity among Greek listed firms. This study also highlights the importance of integrating the critical mass perspective in considering the impact of supply and demand for women in corporate leadership on firms' financial and ESG performance.

Details

American Journal of Business, vol. 39 no. 1
Type: Research Article
ISSN: 1935-5181

Keywords

Article
Publication date: 1 June 2005

Dinko Dinkov and Stoyan Stoyanov

The Cyprus conflict is a classical case of protracted ethnic conflict with very obvious and important international dimensions. It is one of the major unresolved inter national…

Abstract

The Cyprus conflict is a classical case of protracted ethnic conflict with very obvious and important international dimensions. It is one of the major unresolved inter national conflicts, which for decades attracts the attention of the international community. The involvement of many countries and international organizations in the Cyprus conflict demonstrates the importance and seriousness of the conflict. During the last decades the conflict has cost a lot both for the Greek Cypriots and for the Turkish Cypriots. It claimed a lot of lives and caused serious economic damages and psychological destruction. The conflict began in the 1950s, erupted violently with blood shed at the end of 1963,and culminated in 1974 with the interventions of Greece and Turkey that led to the island’s current de facto division as the Greek Cypriot South and Turkish Cypriot North. Over the past 40 years many states have came out with various initiatives and have proposed various approaches for final settlement of the conflict. It also has been addressed by dozens of UN Security Council resolutions but all these have proved to be futile so far.

Details

Managerial Law, vol. 47 no. 3/4
Type: Research Article
ISSN: 0309-0558

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Article
Publication date: 3 May 2016

Spyridon Repousis

The purpose of this paper is to examine the impact of the Cypriot banking crisis in specific bank stocks’ prices traded in the Athens Stock Exchange.

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Abstract

Purpose

The purpose of this paper is to examine the impact of the Cypriot banking crisis in specific bank stocks’ prices traded in the Athens Stock Exchange.

Design/methodology/approach

In the present study, event study methodology has been used. The basis of the event study is to examine the returns derived from the stock prices of the relevant banks before March 15, 2013.

Findings

This study focuses on three banks, Bank of Cyprus, Cyprus Popular Bank and Piraeus Bank, and finds abnormal stock returns during the ten-day period before the event date (announcement of prohibition and put under suspension trading of all movable securities of Bank of Cyprus and Cyprus Popular Bank). Also, an interesting matter is that during the estimation period and in specific dates, such as October 18, 22 and 23, 2012, a high volume of stocks trading took place in Bank of Cyprus and Cyprus Popular Bank.

Originality/value

To the best of the author’s knowledge, this is the first study examining it.

Details

Journal of Money Laundering Control, vol. 19 no. 2
Type: Research Article
ISSN: 1368-5201

Keywords

Book part
Publication date: 28 August 2019

Andri Georgiadou

In this chapter, we investigate race discrimination and race equality policies in the workplace at two interrelated levels of analysis in Cyprus. At the macro-national level, the…

Abstract

In this chapter, we investigate race discrimination and race equality policies in the workplace at two interrelated levels of analysis in Cyprus. At the macro-national level, the effectiveness and implications of the present legal system is evaluated, and the chapter discusses whether it brought about the desirable results of safeguarding a fairer and efficient legal system, eliminating any kind of discrimination at the European Union (EU) level. At the meso-organizational level, the chapter refers to the results of research presenting a number of organizational policies and practices that safeguard or hinder the inclusion of migrants at the workplace.

Details

Race Discrimination and Management of Ethnic Diversity and Migration at Work
Type: Book
ISBN: 978-1-78714-594-8

Keywords

Article
Publication date: 3 October 2019

Cagri Sanliturk

The purpose of this paper is to use Foucault’s genealogical analysis to problematise the influence of political agreements and resolutions on Cypriots’ social life and to examine…

Abstract

Purpose

The purpose of this paper is to use Foucault’s genealogical analysis to problematise the influence of political agreements and resolutions on Cypriots’ social life and to examine spatial practices. At the same time, this paper deals with the implications of the UN’s vision for Pyla in Cyprus as a prototype of integrity and bi-communality. Furthermore, it analyses and problematises the UN mandate system in order to challenge “peace-keeping” strategies.

Design/methodology/approach

This investigation has been achieved through the author’s experience of situating and being in the site as well as through conducting site-specific interventions, performances, walking, observations, writing and interviews. Adding to these analytical methods, the involvement of the feminist theories in different ways allowed author to be more critical, reflexive and personal. In addition, the author critically analyses legal documents such as the Cyprus Constitution and the UN’s reports, documents and resolutions in order to understand the connection between politics and accordingly the creation of space.

Findings

This embedded critical spatial research into the in-between village Pyla establishes a new methodological understanding for design interventions that do not target a solution but, by implementing a reflexive practice, they create resistance practices. Focusing on these practices should allow a critical reflection on the previously applied urban development programs and their impact on Pyla and other cities and villages in Cyprus. The findings and outcomes that are presented through this research can be used by different powers for a critical reflection on the role of design in conflict situations.

Research limitations/implications

One of the limitations of this research has been the lack of direct contact with the Greek Cypriot inhabitants of the village in order to understand their specific views on the conflict and their participation in the everyday life of the village. One of the reasons for this has been the differences in language which has made it difficult to approach the citizens and discuss their struggles as they would not necessarily confine in an outsider. Nonetheless, the author has tried to capture Greek Cypriot views in the circumstances of the UN and authorities meeting and, where possible has relied on literature to guide the understanding of the village life and Greek Cypriot role in it.

Originality/value

The author’s critical reflection on the unification-focused resolution strategies for the divided Cyprus (created by the UN, academics and architects) established the unique strength of this research paper. This research does not perceive the Cyprus conflict and its division as a problem, instead, it recognises the conflict and works within its division in order to understand the hidden political transformations, powers, appreciations and practices which become subordinate to the conflict. Different practices challenge the idea behind the normalisation processes that the UN aimed to achieve and reacts to those who came up with unification strategies; nonetheless, this should open new visions in the negotiations between the different powers.

Details

Archnet-IJAR: International Journal of Architectural Research, vol. 13 no. 3
Type: Research Article
ISSN: 2631-6862

Keywords

Article
Publication date: 1 July 1994

N.D. Diamantides

Structures a model of the macrodynamics of international migration using a differential equation to capture the push‐pull forces that propel the migratory current. The model’s…

688

Abstract

Structures a model of the macrodynamics of international migration using a differential equation to capture the push‐pull forces that propel the migratory current. The model’s architecture is based on the functioning of information feedback between settled friends and family at the destination (migrant stock) and a pool of potential emigrants created by socioeconomic conditions prevailing at the origin. The intensity of the ensuing migratory flow is determined by a nexus of mediators functioning in either society and comprising: (a) legal imperatives such as migration laws; (b) economic imperatives measured by the ratio of income‐per‐capita between destination and origin; (c) political imperatives such as war or other forms of compulsion; (d) natural stimulants such as epidemics and climatic extremes; (e) societal conditions such as job‐hierarchy differences and migration network characteristics; and (f) causes other than the ones motivating the pool members, such as the reasons of the so called “brain drain”. The mathematical function representing the collective of these causes is named the mediating factor, and comprises both steady‐state and transient components. While the model’s architecture is independent of any geographic or temporal specificity, the model is capable of portraying the migration flow between any given origin/destination pair, and over any designated historical period: this through the numerical values of the model parameters derived from the historical, demographic, and economic data of the case. Two specific paradigms serve to demonstrate the model’s tenets and pertinence.

Details

Kybernetes, vol. 23 no. 5
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 27 August 2014

Filippos Tsimpoglou, Vasiliki V. Koukounidou and Eleni K. Sakka

The purpose of this paper is to present E-ViVa (Ellinike Vivliothikonomike Vase), the national Hellenic fulltext database on Librarianship and Information Science, developed by…

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Abstract

Purpose

The purpose of this paper is to present E-ViVa (Ellinike Vivliothikonomike Vase), the national Hellenic fulltext database on Librarianship and Information Science, developed by the Library of the University of Cyprus. The objectives of E-ViVa are to identify, locate, gather, organize, index, digitize, preserve and promote the results of the research conducted in Greece and Cyprus in the scientific fields of Archival, Library and Information Sciences.

Design/methodology/approach

The paper provides data concerning the volume, the coverage, the inclusion criteria, the content, the format and the platform of the database, as well as the steps that have been followed for the development. The legal framework related with the copyright issues that are raised are also discussed.

Findings

A comparison is attempted between the coverage of E-ViVa and the relative records included in five subject-related databases: eLIS, LISA, LISTA, ISI-SSCI and SCOPUS. Finally the future plans for the project are presented.

Research limitations/implications

Future plans concerning E-ViVa are based on the completeness of the database, the linguistic exploitation of the terms used through time and check of Lotka's law application concerning authors.

Practical implications

As the vast majority of the records and fulltext are not provided by any other organized database, E-ViVa emerges as a “must search first” for any future author of scientific paper concerning the situation on librarianship research in Greece and Cyprus. The case of E-ViVa and the methodology that was followed can be used as a pattern for developing national databases on LIS or other fields.

Social implications

E-ViVa is offered as an open access database with fulltext.

Originality/value

E-ViVa is the only fulltext database on Librarianship and Information Science, which concentrates the related publications produced in or related to Greece and Cyprus.

Article
Publication date: 30 April 2020

Balkiz Yapicioglu and Rebecca Leshinsky

This paper aims to set out an argument for the use of blockchain technology as a land registration tool, for Cyprus and other disputed land contexts, to assist with land disputes…

Abstract

Purpose

This paper aims to set out an argument for the use of blockchain technology as a land registration tool, for Cyprus and other disputed land contexts, to assist with land disputes, which may, in turn, promote peace and harmony.

Design/methodology/approach

The paper is exploratory in nature. It raises the historical and present land issues in Cyprus and highlights that blockchain technologies could work as a tool to record disputed property rights on the Island.

Findings

While there have been many pilots to date for blockchain land registration, there is still scope to develop blockchain as a tool to record land interests. Cyprus offers an exemplar opportunity to use such a tool to assist in developing peace on the Island.

Originality/value

While the paper is conceptual in its application of blockchain technologies, it is novel in that it strives to show how technologies such as blockchain can act as a tool to assist with land registration matters, which, in turn, can assist with new ways to approach the peace process. More research is necessary for this area of inquiry, especially as to how sidechains can act as a conduit for recording competing land interests and disputed land claims.

Details

Journal of Property, Planning and Environmental Law, vol. 12 no. 2
Type: Research Article
ISSN: 2514-9407

Keywords

Article
Publication date: 1 April 2004

Georgios I. Zekos

Investigates the differences in protocols between arbitral tribunals and courts, with particular emphasis on US, Greek and English law. Gives examples of each country and its way…

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Abstract

Investigates the differences in protocols between arbitral tribunals and courts, with particular emphasis on US, Greek and English law. Gives examples of each country and its way of using the law in specific circumstances, and shows the variations therein. Sums up that arbitration is much the better way to gok as it avoids delays and expenses, plus the vexation/frustration of normal litigation. Concludes that the US and Greek constitutions and common law tradition in England appear to allow involved parties to choose their own judge, who can thus be an arbitrator. Discusses e‐commerce and speculates on this for the future.

Details

Managerial Law, vol. 46 no. 2/3
Type: Research Article
ISSN: 0309-0558

Keywords

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