European Journal of Management Issues

55-62

Authors: Bogodistov, Y., & Moormann, J.

Purpose – to investigate reasons and conditions impacting payment preferences. Design/Method/Approach. In this exploratory study, we apply the Implicit Association Test in order to investigate whether the prejudice of the population of some countries such as Germany preferring cash holds. Findings. Cash payments still play a major role in a number of countries although other payment options, namely card payments, are promoted heavily. We discover that the type of payment and the level of control are implicitly associated. We manipulate the emotions of fear and joy. The relationship changes when participants experience fear, whereas emotion of joy does not produce statistically significant effects. Practical implications. The results have major implications for the design of payment processes. Originality/Value. Our study helps explain preferences with regard to payment types as well as predict preferences as a response to scary or joyful events. Research limitations/Future research. Generalizability is limited. Future research can focus on other emotions and types of payment (e.g., NFC – based payments). Paper type – empirical.

73-81

Authors: Ibrahim, U., & Umeano, O.

Purpose – to research the effect of the corporate social responsibility (CSR) on the corporate financial performance (CFP) of quoted banks in Nigeria. Design/Method/Research approach. Using data of corporate social responsibility expenditure as a proxy for CSR and the trio of return on assets (ROA), return on equity (ROE), and bank earnings per share (EPS) as a proxy for CFP, regression analysis was conducted. ROA, ROE, and EPS data were collected from the banks’ financial statements for the period 2012 – 2016. Findings. In particular, our analysis and findings suggest that CSR expenditure had no significant effect on all the three proxies of CFP of quoted banks in Nigeria. It supports the arguments in the literature that financial performance alone does not justify expenditure on CSR activities by the quoted Nigerian banks. Practical implications. Our results show that there is a need for banks to consider other factors to see if the case for CSR activities exists. If they do not, the banks should stop engaging in these activities to increase the banks’ profitability. Paper type – empirical.

90-98

Authors: Nikolaienko, A.

Purpose – to describe resource efficiency strategies based on the circular economy. Design/Method/Approach. Logical and critical, abstract-logical methods are used for the theoretical generalization of crucial approaches to the formation of resource-efficiency strategies based on the circular economy. Research results. There were considered the scientific and theoretical approaches to the formulation of resource-efficiency strategies based on the circular economy. The circularity strategies within the production chain has been formed in the order of priority. The idea of classifying circular strategies has been expanded. Practical implications. The results of the research allow establishing a target system of the circular economy structure, to show the possible effect of the circular economy. Originality/Value. The theoretical bases for the development of the circular economy in terms of identification of the essential tools for the resource-efficiency strategies implementation based on the principles of the circular economy at micro-, macro-, meso-, and mega-levels. Research limitations/Future research. The research serve as the basis for further evaluation and forecasting of the operation efficiency, costs optimization of the production resources and entity’s commercial activity, making the mechanism for the sustainable economic development of the enterprise. .Paper type – theoretical.