Template-Type: ReDIF-Article 1.0 Author-Name: Valentina Raimondi Author-X-Name-First: Valentina Author-X-Name-Last: Raimondi Title: Fashion industry and sustainability: building circular economy and cooperation among stakeholders Abstract: The big impact in terms of pollution and waste in the fashion industry led us to focus on going more deeply into the research of which sustainable actions can be followed by companies, consumers, and the government. The world's population is growing, and the supply of crucial raw materials is limited. Extracting and using raw materials has a big impact on the environment. It is very important in social and environmental terms to start seriously adopting 'circular model systems', for companies first in order to better control different aspects and stages of design, production, and distribution. The circular economy system has interesting advantages over the linear economy system, but it is still not a perfect model. Today, we do not have examples of existing perfect circular economy systems. There are imperfections and wastes in the whole system. It is possible to say that the circular economy system is not perfect, but it is possible to work on improvements. The aim of this research is to remark importance of cooperation among political system, companies' system and consumer perspective, in order to improve efforts in adopting circular economy systems and innovations, with a special focus on fashion industry. Journal: Int. J. of Markets and Business Systems Pages: 1-25 Issue: 1 Volume: 5 Year: 2024 Keywords: sustainability; fashion industry; resource efficiency; cooperation; sustainable development; circular economy; innovation; waste management; supply chain; consumer behaviour; business ethics. File-URL: http://www.inderscience.com/link.php?id=138410 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijmabs:v:5:y:2024:i:1:p:1-25 Template-Type: ReDIF-Article 1.0 Author-Name: Sadia Binte Shafiq Author-X-Name-First: Sadia Binte Author-X-Name-Last: Shafiq Author-Name: Tahani Tahmid Author-X-Name-First: Tahani Author-X-Name-Last: Tahmid Author-Name: Md. Yousuf Author-X-Name-First: Md. Author-X-Name-Last: Yousuf Author-Name: Md. Abul Kalam Azad Author-X-Name-First: Md. Abul Kalam Author-X-Name-Last: Azad Title: Is the sky bluer than before? Examining firm stability in Europe Abstract: Stability is essential for any firm because it signifies the robustness in financial structure. Financial stability of a firm cannot be assessed only by approaching the financial statements. Instead, incorporating risk management capabilities with financial statements can provide a clear picture of financial stability. While there are many studies in the literature exploring specified firm (banks, insurance, etc.) stability measuring conception of risk, only a few of them have examined the financial institutions as a whole. In addition, fewer studies have been found where firm stability has been measured by the relationship between firm's conception of risk and the accounting variables. In light of this need, the current study measures the impact of accounting variables and country level indicators on firm stability in 1,331 European firms covering the period 2010-2020. A negative relationship between the risk factors and the variables has been found, indicating firm stability. Journal: Int. J. of Markets and Business Systems Pages: 26-42 Issue: 1 Volume: 5 Year: 2024 Keywords: stability; firm; Europe; default risk; leverage risk; portfolio risk; ROA; financial variables; accounting variable; microeconomic variables. File-URL: http://www.inderscience.com/link.php?id=138412 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijmabs:v:5:y:2024:i:1:p:26-42 Template-Type: ReDIF-Article 1.0 Author-Name: Hossein Dastkhan Author-X-Name-First: Hossein Author-X-Name-Last: Dastkhan Title: A review of systemic risk definition in financial systems: a special focus on network analysis Abstract: Although the complex financial markets more often lead to more social welfare in modern economic systems, they can also cause more severe failures in the case of market downturns. Accordingly, similar to other complex systems, financial markets are also exposed to systemic risks. Considering the importance of systemic risks in financial markets, we reviewed different concepts, definitions, and the related principles of the systemic risk. For this purpose, we represent a detailed review of the main characteristics of the complex systems which lead to systemic risk in different aspects. We also reviewed the main definitions of financial systemic risk in different aspects. To analyse the systemic risks in the financial markets, we introduce the main approaches of systemic risk analysis and elaborate financial network analysis as one of the main approaches. The results show that the systemic risk events can be related to the build-up of small shock on different agents in the financial systems as well as great shocks in one or a few numbers of financial agents. Journal: Int. J. of Markets and Business Systems Pages: 43-58 Issue: 1 Volume: 5 Year: 2024 Keywords: network theory; systemic risk; complex systems; prudential policies; cascading failure. File-URL: http://www.inderscience.com/link.php?id=138415 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijmabs:v:5:y:2024:i:1:p:43-58 Template-Type: ReDIF-Article 1.0 Author-Name: Janos Korn Author-X-Name-First: Janos Author-X-Name-Last: Korn Title: Co-evolution of technology and society Abstract: The current scale and complexity of human, technological activities have caused significant <i>problems</i> in society, to individuals and the environment. This may be seen as the consequence of the evolving, historical application of the relation between the invention/emotion driven technology and society or Industrial Revolutions. This relation is expressed as a conditional shown in detail in Figure 1 as an <i>instinctively</i> applicable problem-solving scheme. The alternative is the <i>deliberately</i> applicable problem-solving scheme in Figure 2. The suggestion is to introduce the alternative into wider use, if feasible, possible, or to question the elements of the conditional, both of which may help to alleviate the <i>problems</i>. An analytical method and the application of emotions are introduced into consideration of highly qualitative issues in society. Journal: Int. J. of Markets and Business Systems Pages: 59-73 Issue: 1 Volume: 5 Year: 2024 Keywords: technology; society; effect of emotions; industrial revolutions; systems theory; design; problem solving; linguistic modelling; logical conditionals. File-URL: http://www.inderscience.com/link.php?id=138444 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijmabs:v:5:y:2024:i:1:p:59-73 Template-Type: ReDIF-Article 1.0 Author-Name: Chun Wang Author-X-Name-First: Chun Author-X-Name-Last: Wang Title: Can 'tight living' promote local government to improve the efficiency of fiscal expenditure?: Evidence from the VAT Reform in China Abstract: This paper analyses the comprehensive and sub-item fiscal expenditure efficiency data of 266 prefecture-level cities in China from 2006 to 2019. It uses the DID method to empirically examine the impact of fiscal pressure on local fiscal expenditure efficiency The research finds that: 1) the nationwide promotion of the pilot program of 'replacing business tax with VAT' has reduced local financial resources, increased financial pressure, and increased the efficiency of local government fiscal expenditures Still, the expenditure structure has mostly stayed the same; 2) the efficiency improvement effect of fiscal pressure in eastern regions and developed secondary industries is more significant; 3) these findings are crucial to revealing the impact of China's 'pressure-type' fiscal incentives on fiscal expenditure efficiency and even local government behaviour. Journal: Int. J. of Markets and Business Systems Pages: 74-90 Issue: 1 Volume: 5 Year: 2024 Keywords: fiscal expenditure efficiency; fiscal pressure; business tax replaced with VAT Reform; fiscal expenditure quality; local government; public finance; three-stage DEA; DID method; tax reform; industrial structure; DDD method; budget transparency; China. File-URL: http://www.inderscience.com/link.php?id=138448 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijmabs:v:5:y:2024:i:1:p:74-90