Current Research Information System, TEI of Epirus (CRIS)

Cruise ship cost analysis: An AHP study on cost components See

This paper aims to reveal the factors that influence the cost of cruise ships of different size which offer different programs. The analytic hierarchy process (AHP) is the methodology applied in order to evaluate and compare the cost components. The factors which influence the cost levels after a brainstorming to the cruise sector experts, are: 1) voyage cost; 2) cost of food and beverage provision; 3) cost of supplies; 4) administration cost; 5) financial cost; 6) technical upgrading a...

Financial crisis and Greek banks' performance variation See

This paper aims to reveal the reasons for the overall condition fluctuation of the Greek commercial bank institutions listed in Athens Stock Exchange, in the time just before and just after the financial crisis of 2008. We have examined thirteen (13) commercial bank institutions using the CAMELS rating and we have explored the findings of this analysis in the light of the major financial deals among Greek banks during the years 2006–2012 in order to reveal the true reasons that have aff...

Factors influencing the Accounting and Finance undergraduate department choice in Greece See

The paper examines and tries to establish the ranking of the criteria that determine the selection of a higher educational institute’ department by the prospect students in Greece. The methodology applied in order to satisfy the research aim is the analytic hierarchy process (AHP). The case study concerns two groups of students. One group consists of students of the central Greek technological educational institute situated in Athens and another from peripheral tertiary institution situ...

Criteria of optimal portfolio selection: Evidence from private investors in Greece and Poland See

In this paper, we investigate the investment portfolios determinants using a sample of Greek and Polish private investors. The study is grounded in the current and potential criteria and sub-criteria influencing investors in selecting financial investment products. The methodology applied in order to satisfy the research aims is the Analytic Hierarchy Process (AHP). This is a flexible and functional tool for investigating multi-criteria decision-making problems that allows the determina...

Evaluation of High Educational Institutes economic impact with Satellite Accounting: an empirical application in Greece See

The purpose of this article is to show how to evaluate the various economic impacts generated by the establishment and operation of high educational institutes (HEIs) on a local economy and how HEIs affect the national economy, particularly that of Greece. The methodological framework used in this paper is the Satellite Account for Education (SAE) which has not been yet developed in Greece and therefore consists of a proposed methodological framework based on international human accounting ru...

M&AS, Economic performance and international orientation of the greek acquiring listed firms at a long-run perspective See

This paper examines empirically the impact of M&As on the post-merger economic performance of Greek merger-involved firms at a long-run perspective and in accordance to their international orientation (domestic or international M&As). Τhe post-merger economic performance of an extensive sample of Greek acquiring listed firms is investigated with accounting data analysis. For the purpose of the study, two profitability ratios (ROA, ROE) are employed, in order to measure firms’ post-merger econ...

The accuracy of Altman’s models in predicting hotel bankruptcy See

This paper studies the bankruptcy predictions for different hotel categories in Greece, aiming to determine the zone of discrimination classified as ―certainty‖ for bankruptcy. It also calculates the differentiation degree of the bankruptcy risk that is owed to the different categorisation of the hotels. The three versions of Altman’s model have been applied to evaluate the bankruptcy prediction and its accuracy between the hotel enterprises that fall in the ―distress‖ zone. Approximately 40 ...

On the solution of the 4th clay millennium problem. Proof of the regularity of the solutions of the Euler and Navier-Stokes equations, based on the conservation of particles as a local structure of the fluid, formulated in the context of continuous fluid mechanics. See

As more and more researchers tend to believe that with the hypotheses of the official formulation of the 4th Clay Millennium problem a blowup may occur, a new goal is set: to find the simplest and most physically natural enhancement of the hypotheses in the official formulation so that the regularity can be proved in the case of 3 dimensions too. The position of this paper is that the standard assumptions of the official formulation of the 4th Clay millennium problem, although they reflect, ...

Cruise ship supply chain: a field study on outsourcing decisions See

The aim of this research is to investigate the supply chain of cruise companies and more specifically the factors that determine a company’s decision to outsource. For the purposes of this research, a small deluxe cruise company that offers specialised programmes and a larger mass cruise company were selected for comparison. In the first case, the company decided to outsource specific departments of their supply chain, instead of maintaining and expanding an internal corporate system wh...

Maritime tourism tax revenues in Greece: a aew framework for collection See

This research is designed to help government and tourism policy-makers evaluate the efficiency and consequences of the Greek taxation system on maritime tourism. The tax revenues generated by the taxes and dues imposed by the state are measured using the Tourism Satellite Account (TSA). Tax evasion is considered to be the major cause of the high deficit of the Greek economy. The effectiveness of the taxation system can be evaluated by comparing the total value of taxes actually collected...

Taxation and competitiveness in hotel branch: The case of 4 and 5 star hotels of Kos island, Greece See

The present paper investigates and evaluates all kinds of taxes, municipal dues and other tax charges imposed on the hotel businesses, and determines the influence of taxes to the hotel competitiveness. This research goal is pursued, with the implementation of a methodological frame for the definition and assessment of taxes, fees and other charges, regarding four and five-star hotels on the island of Kos, by means of a suitably structured questionnaire and an interview. Based on the e...

Financial structure and profitability analysis of greek hotels See

This study examines the financial structure and profitability of various categories of Greek hotels for the 2005-2007 period, three years following the 2004 Olympics in Athens and just before the 2008 economic crisis in Greece. The research sample consisted of 146 private two, three, four and five star hotels. Various ratios relevant to the financial structure and profitability of hotels were explored. Results revealed significant differences in the means of most financial ratios of the four ...

An empirical approach to coastal leisure shipping in Greece and an assessment of its economic contribution See

Estimation of the economic impacts of yachting in Greece via the tourism satellite account See

This paper examines the impacts of yachting on the Greek economy. The contribution of yachting to major macroeconomic values and its impact on the Greek economy in 2004 are evaluated with the use of the tourism satellite account (TSA). The method has been applied by several countries to estimate the economic impacts of the traditionally designated tourism-related industries, as well as of all industries participating in the tourist economy, but not for the economic effects of special i...

The role of coastal shipping and telecommunications in the development of the insular region of the Mediterranean Archipelagos See

This paper stresses the important role of coastal shipping as well as that of new technologies towards the lift of isolation of insular regions and it emphasizes the influence of the practice of telework in insular development. It also presents and analyses Socioeconomic and technological indices for the larger islands of the Mediterranean Archipelagos for 2004 and the particularities of the existing coastal shipping system in the wider region. It proves that the creation of an effective and ...

Διοίκηση-Προγραμματισμός και Λήψη Αποφάσεων στις Ελληνόκτητες Ναυτιλιακές Επιχειρήσεις See

The impact of maritime tourism on the greek economy via the Tourism Satellite Account See

Maritime tourism is a special interest tourism, showing significant demand increase worldwide. The activities of cruising, yachting and coastal tourism shipping constitute the Greek market of maritime tourism. The aim of this paper is to estimate the economic impact of the maritime tourism industry on the major macroeconomic factors of the Greek economy. The Tourism Satellite Account (TSA) has been applied by several countries to estimate the economic impacts of the traditionally designat...

Investments’ evaluating methods in shipping- a comparison study between the newbuilding versus the secondhand vessel purchase. See

The economic crisis of 2008 and the financial system supervision: towards a European Banking Union See

The significant repercussions of the recent crisis in the financial sector and the real economy have led to the development of policies aimed at strengthening the stability of the international banking system. Banking regulatory reforms (Basel III) improve micro-prudential supervision and involve macro-prudential supervision to avoid systemic risk. Capital requirements are tightening up and the quality of core capital is upgraded in order to provide greater coverage of losses and better...