Eurasian Journal of Business and Economics

17

Authors: Burhan KABADAYI

This paper scrutinizes the transformation in the electricity production structures of G7 nations in the wake of the Russian invasion of Ukraine. The inquiry centers on discerning shifts in the trajectory of energy production, particularly toward more sustainable and secure sources. With the imposition of economic sanctions against the Russian economy, an anticipatory transition from combustible fuels to renewable energy sources within G7 countries is envisaged. An empirical investigation is conducted utilizing panel data analysis of energy data across the G7. First and second-generation unit root tests have been used. Cointegration tests and the Vector Error Correction Model have been applied to see short-term and long-term relationships between renewable energy-sourced electricity production and combustible energy-sourced electricity production. Additionally, predictive modeling, employing SARIMA and Machine Learning model (Prophet) with Python, is employed to forecast future trends in energy production. This comprehensive analysis sheds light on the profound impact of geopolitical events on the energy landscape of influential global economies. The results of the econometrics and predictive models show that there is a significant effect of Russia-Ukrainian conflicts on electricity production in favor of more secure and clean energy. This trend change in renewable energy-sourced electricity production should fortify more regulatory aspects.

26

Authors: Navneet KAUR and Ella MITTAL

With the advancement in the economy, females' participation in the workforce is increasing but they are still underrepresented in senior positions. So, understanding their psychological viewpoints about the glass ceiling and its association with subjective career success (SCS) is important. This study aims to illuminate the association between glass ceiling beliefs and subjective career success through social support in the Indian healthcare sector. Social support is taken as a mediator in this study. The mediation and moderation approach was used to test the proposed model of the study. For the study, a sample of 300 doctors working in corporate hospitals was surveyed. Data were analyzed through structural equation modeling in AMOS to understand the relationship of all variables. The results found that social support mediates the relationship between optimistic glass ceiling beliefs and career success. Furthermore, the moderating impact of gender was also examined on the association of glass ceiling beliefs and subjective career success. The present study is the first to examine the connection between glass ceiling beliefs and subjective career success in the Indian Health sector through the mediation of social support and gender. Theoretical and practical implications are discussed.

14

Authors: Chung BAEK

We examine the causal relationships and extreme return co-movements between the Russian stock market and adjacent Eastern European (EE) stock markets before and after the recent Russia-Ukraine war. Considering that the EE stock markets are regarded as a group of emerging markets in the same region for the purpose of investment, we are motivated to identify any change in their relationships after the war because this would be critical in terms of stock portfolio diversification. We find that while the war has a positive impact on the causal relationship between the Russian stock market and the Bulgarian stock market, it has a negative impact on the causal relationships between the Russian stock market and the other EE stock markets. Also, extreme return co-movements between the Russian stock market and the Bulgarian stock market are strengthened after the war whereas those between the Russian stock market and the other EE stock markets are weakened after the war. Our study is expected to provide new insight into stock market participants.

21

Authors: Nereida HADZIAHMETOVIC; Muhammet Sait DINC

The purpose of this study is to examine the impact of knowledge creation and affective commitment on organizational performance. The study also explores the mediating role of affective commitment in this relationship. The results based on the sample of 825 academics and members of the administrative staff at universities from Central and Eastern European countries support the proposed hypotheses of this research. Exploratory and Confirmatory factor analyses were performed to assess the reliability of scales, while structural equation modeling was used to evaluate the hypotheses. This study demonstrates that knowledge creation and affective commitment are predictors of organizational performance. It also shows that affective commitment, which is influenced by knowledge creation, is an important mediating factor that affects organizational performance at public and private universities in Central and Eastern European countries.