Chrysanthi Balomenou - Academia.edu (original) (raw)

Papers by Chrysanthi Balomenou

Procedia Economics and Finance, 2015

The role of Small and Medium Enterprises (SME's) to regional development is crucial. Taking as a ... more The role of Small and Medium Enterprises (SME's) to regional development is crucial. Taking as a granted that National Strategic Reference Framework (NSRF) focuses on regional disparities reduction, the main scope of this paper is to examine the influence of the NSRF programs on Regional Unity of Serres taking under consideration the existence of great intraregional disparities in region of Central Macedonia. Recently, peripheral disparities undoubtedly deteriorate Greek recession, something that is underlined at the relevant literature. According to Joseph Stiglitz "with inequality at its highest level since before the Depression, a robust recovery will be difficult in the short term" Also, Paul Krugman adds "countries doing a lot of redistribution have, if anything, weathered the crisis better than those that do less" As enterprises confront huge sustainability problems, their investments are deteriorated. Greek state, under the framework of NSRF 2007-2013, announced on spring 2013 the program "Support of SME's which are activated in Manufacturing-Tourism-Commerce & Services" (the program will de completed until the end of 2015). The NSRF provide subsidizes using general geographical-economic (mainly income) criteria (at regional level NUTS2) without examining the NUTS3 level. It is common knowledge that Greek banks nowadays do not support firms sufficiently. Thus, many of the eligible (under the umbrella of the examining program) investments may not be completed. Hellenic Fund for Entrepreneurship and Development (ETEAN), the associated institution, does not provide the necessary funds to all the entrepreneurs. During the last 4 years the 20% of local enterprises have been closed. It is obvious that crisis badly affected local entrepreneurship. According to Serres Chamber of Commerce and Industry the number of enterprises at Regional Unity of Serres have been reduced from 14.103 (January 2010) to 10.715 (January 2015). All the above mentioned are analyzed in our theoretical part. Our empirical research was conducted in February 2014. The survey consists of two parts. At the first part, a comparative analysis between the region of Central Macedonia and the Borough of Serres takes place. At the second part, all the local eligible Balomenou Chrysanthi and Maliari Marianthi / Procedia Economics and Finance 33 (2015) 535-551 enterprises, that will receive subsidizes from ESPA were participated in this research (total 123 ones). The used methodology is the calculation of the main descriptive statistical measures (the average, the standard deviation and the coefficient of variation) and the statistical moment of distribution (the coefficient correlation). According to our main findings, the contribution of NSRF programs as they are regulated by the developmental national laws to the survival and development of local enterprises has been significant, although the legislator disregarded the fact that borough of Serres is poorer than the core region Thessaloniki. The intraregional disparities (which have been indicated both in the theoretical and in the empirical part) should be taken under consideration when a low is reconsidered. Finally it should point out that the general results of our empirical research are relying to the relevant used literature.

Springer eBooks, 2021

Tourism now considered being as one of the world’s largest industries and maybe one of the fastes... more Tourism now considered being as one of the world’s largest industries and maybe one of the fastest growing economic sectors. As for many other countries and for Greece, tourism supposed as a main instrument for regional development.

KnE Social Sciences, Nov 30, 2021

Research Papers in Economics, Nov 1, 2013

This work attempts to examine how the global financial crisis has affected the education sector a... more This work attempts to examine how the global financial crisis has affected the education sector and more specifically, universities. So our paper examines the universities public funding especially in Europe, the mobility of teaching staff, students etc. Also the impact of the financial crisis on universities private sources funding and to mention the need to straighten the collaboration of universities with industries. Universities they have a major role in the economy of a country. They are the main tool for innovation which leads in business development and growth and can reinforce the endogenous regional economic growth. In this view, we present briefly the Triple Helix Theory, which focuses on the importance of the cooperation between public sector, industries and universities. Furthermore, in the theoretical part of our paper, we are examining the case of Greece. More specifically, we are presenting the current situation in Greek Higher Education, focusing on the New Educational Law and especially on the under consultation plan 'Athena' of the Ministry of Education, for the restructure / reallocation of the Greek Universities and Technological Institutions. In the empirical part of our paper, we try to identify whether the Triple Helix Theory is applied in practice or not in Greek case. Our research methodology, based on the data extracted from targeted questionnaires addressed both to Greek entrepreneurs and Greek universities - Scientific Institutions, attempts to show on one hand how the Universities assess the business environment and their new role in the relevant new institutional framework and on the other hand how the Greek industries evaluate their cooperation with the universities sector and their new role in terms of supporting the local entrepreneurship, as well. The used method for analyzing the results is the one of SPSS (descriptive statistics, correlation - convexity indicators). The main findings coming by the processing of the statistical data of our scientific research, reveals that in crisis period the universities can find a new source of funding by 'advertising' their main mission, which is the diffusion of Knowledge, and especially, the innovative one that enterprises need, in order to succeed and to overcome the crisis bad effects. Thus, we can observe that the results of our empirical analysis are strongly related to the relevant literature presented in the theoretical our paper. Finally, considerable general conclusions, policy proposals and questions/ challenges for further research will be presented at the end of our study.

ERSA conference papers, 2014

In the theoretical part of our paper focused on a) The role of the Knowledge / Universities as a ... more In the theoretical part of our paper focused on a) The role of the Knowledge / Universities as a leader of Technological change ? Knowledge transfer dynamics and its influence on Regional Development, b) the Entrepreneurship education: The role of the Entrepreneurial University, c) Knowledge Spillovers and regional Innovation System (RIS): empirical evidence of some European Regions, d) the current situation in Greek Higher Education, focusing on the New Educational Law and especially on the plan "Athena" of the Ministry of Education, for the restructure / reallocation of the Greek Universities and Technological Institutions e) The new Law for Research Technology and Innovation in Greece (Horizon 2020 program) c) The Hungarian case study. In the empirical part of our paper, we are studying the restructure / reallocation of the Greek Universities and Technological Institutions. Our research methodology, based on the data extracted from targeted questionnaires addressed both to Greek entrepreneurs and Greek universities ? Scientific Institutions, attempts to show on one hand how the Universities assess the business environment and their new role in the relevant new institutional framework and on the other hand how the Greek industries evaluate their cooperation with the universities sector and their new role in terms of supporting the local entrepreneurship, as well. The used method for analyzing the results is the one of SPSS (descriptive statistics, correlation ? convexity indicators). The main findings coming by the processing of the statistical data of our scientific research, reveal that in crisis period the universities can find a new source of funding by "advertising" their main mission, which is the diffusion of Knowledge, and especially, the innovative one that enterprises need, in order to succeed and to overcome the crisis bad effects. Thus, we can observe that the results of our empirical analysis are strongly related to the relevant literature presented in the theoretical part of our paper. Finally, considerable general conclusions, policy proposals and questions/ challenges for further research will be presented at the end of our study. Finally, we would like to draw your attention on the fact that during this period is taking palace an ongoing relevant research in Hungary and we are expecting the results in order to be able to make a comparative analysis and consequently the appropriate SWOT ANALYSIS.

ENTRENOVA - ENTerprise REsearch InNOVAtion, 2021

From the beginning of 2020, the whole world has been shaken by a contagious disease called Covid-... more From the beginning of 2020, the whole world has been shaken by a contagious disease called Covid-19, its actual name being SARS-CoV-2. It first appeared in China, in Wuhan, Hubei Province, in December 2019, and the World Health Organization (WHO) was informed about it on the 31st of December 2019. On the 11th of March, 2020, WHO declared the Covid-19 outbreak a pandemic, and no country has been able to contain this coronavirus. This medical or health crisis evolved into a pandemic and led to a global economic crisis. This study investigates the wealth effect of the coronavirus pandemic announcement on the Information Technology Industry companies in Europe. We apply the classical event study methodology. Our sample contained 87 companies. The results show a strong negative reaction of information technology companies upon this announcement. The European investors perceived this announcement as a negative signal that will disturb the lives of everyone and will create economic insta...

International Journal of Housing Markets and Analysis, 2020

Purpose Motivated by recent evidence that securitized real estate returns exhibit higher levels o... more Purpose Motivated by recent evidence that securitized real estate returns exhibit higher levels of predictability than stock market returns and that feedback trading (FT) can induce returns autocorrelation and market volatility, the purpose of this study is to examine the impact of FT strategies on long-term market volatility of eight international real estate markets (UK, Germany, France, Italy, Sweden, Australia, Japan and Hong Kong). Design/methodology/approach Assuming that the return autocorrelation may vary over time and the impact of positive feedback trading (PFT) or negative feedback trading (NFT) could be a function of return volatility, the authors use a combination of a FT model and a fractionally integrated Generalized AutoRegressive Conditional Heteroskedasticity (GARCH) model. Findings The results are mixed, revealing that both PFT and NFT strategies persist. Specifically, the authors detect PFT in the real estate markets of France, Hong Kong and Italy as opposed to t...

Contributions to Economics, 2021

Religious tourism and tourism in general helps in the development and intensification of social a... more Religious tourism and tourism in general helps in the development and intensification of social and cultural relations. The issue of religious tourism comes under the general and sustainable development of alternative tourism, special interest and respect for holy places. Religious tourism is an emerging form of tourism which aims to quality and sustainable development. It places special emphasis on preservation, revival and development of religious and historical monuments for the creation of tourist flows. The pilgrimage was and it will continue to be an important motivation movement of people and this often associated with religious and historical value of monasteries or churches, religious celebrations and various historical events. Religious tourism can be further strengthened internationally if the areas of the tourist destination dispose various tourist resources apart from religious monuments. The religious and historical monuments are attractive tourist destinations interna...

Within the scope of the current adverse for entrepreneurship in the development context of the Gr... more Within the scope of the current adverse for entrepreneurship in the development context of the Greek economy, due to the significant influence of the economic crisis upon enterprises, we conducted this research in order to examine both from a theoretical and an empirical view point whether the initial eligible investments under the framework of National Strategic Reference Framework 2007-2013 (NSRF) programs are completed and to what extent and if the relevant investors had access to loan providing funds. Furthermore, we elaborate an intraregional (Regional Unity of Serres) comparative sectoral analysis of the implementation of the said program. The used methodology based on formalized questionnaires, addressed to eligible enterprises in the framework of NSRF Programs. Our main findings indicate that many of the eligible investments were not completed due to lack of sufficient funding.

Suggested Citation: Balomenou, Chrysanthi; kolovos, Konstantinos (2013) : Universities ́ funding ... more Suggested Citation: Balomenou, Chrysanthi; kolovos, Konstantinos (2013) : Universities ́ funding in the framework of the current global financial crisis: Threat or opportunity for the implementation of Triple Helix Theory?, 53rd Congress of the European Regional Science Association: "Regional Integration: Europe, the Mediterranean and the World Economy", 27-31 August 2013, Palermo, Italy, European Regional Science Association (ERSA), Louvain-laNeuve

International Journal of Research in Tourism and Hospitality, 2016

Yachting tourism is an emerging industry in coastal regions, particularly in the Mediterranean co... more Yachting tourism is an emerging industry in coastal regions, particularly in the Mediterranean countries. The increasing success of yachting tourism has resulted in a significant boom in its relevant business segments. As a specific type of leisure tourism, yachting tourism exerts a positive economic impact on coastal regions, and provides a substantial contribution to the local economy. Greece has many (potential) advantages to enable it to acquire a dominant position in developing a yachting tourism industry, such as authentic local attractions, natural coastal resources, etc. However, since the global financial crisis in 2008, the yachting tourism industry in this country has experienced a clear downturn, while the implementation of some austerity measures has aggravated the economic prospects. Meanwhile, the intense yachting competition from some neighbouring countries presents a big challenge for the sustainability of the Greek yachting tourism industry. The main objective of the present study is to map out the background and the force field of this unfortunate situation. First, we compare the Greek yachting tourism sector with that in other competitive Mediterranean countries, in order to identify the problems inherent in strategic policymaking in this field. Secondly, we conduct extensive field research on yacht users and other stakeholders, in order to analyze the factors relevant for a sustainable development of this sector. To achieve the above-mentioned aims, both theoretical research on the sustainability of the yachting sector and empirical research on the Greek yachting tourism industry will be undertaken. The regression results of our study demonstrate that prevailing industry policies have influenced the sustainability of the Greek yachting sector negatively; our comparative study also provides new knowledge to guide the development of Greek yachting tourism in a more sustainable direction as seen from the perspective of other countries' strategies. Furthermore,our field survey of yacht users and other stakeholders allows us to identify the relevant drivers of sustainability in the Greek yachting tourism industry. In addition, our study also sheds new light on the emerging research field of the yachting tourism economy, and serves to enrich traditional tourism research. While our empirical research focusses in particular on the Greek yachting sector, our findings also provide practical guidance for its development in the long run.

Non-profit enterprises do not aim at achieving a maximum profit, but instead aim at earning a min... more Non-profit enterprises do not aim at achieving a maximum profit, but instead aim at earning a minimum income needed for their survival. For this reason they try to secure resources from various financing sources and seek for a favourable taxation status. Investigating the various financing sources and the tax treatment of non-profit enterprises is an important issue for their economic feasibility and for achieving their development and social role. From this examination of both those issues regarding non-profit enterprises it was made clear that there are important financing sources, which could be utilised in order for them to achieve their social mission. Of course, this could be even more enhanced if combined with a special tax treatment framework allowing tax opportunities to be used within the scope of those activities performed by non-profit enterprises.

This paper is divided into two parts, a theoretical and an empirical one and attempts to present ... more This paper is divided into two parts, a theoretical and an empirical one and attempts to present Quality Management and the importance that it has in facing the international economic/ entrepreneurial competition. More particularly, in the first part of our paper are presented: â€šÃ„Â¢the significance of quality and main highlights of Total Quality Management â€šÃ„Â¢the history of Quality Management and

International Journal of Entrepreneurship and Small Business, 2010

Based on the case study of the entrepreneurship in the Peloponnese Region, this paper explores th... more Based on the case study of the entrepreneurship in the Peloponnese Region, this paper explores the main characteristics of young entrepreneurs operating in the Greek periphery, the factors involved in encouraging or discouraging young entrepreneurs to set up an enterprise and the factors that hinder the success of those enterprises and often lead them to their closing down. The methodological framework of the survey is based on a series of personal interviews by means of a structured questionnaire with closed and open questions given to 70 young entrepreneurs from various sectors of the regional economy operating in one of the five prefectures in Peloponnese. The participants of the aforementioned field survey on youth entrepreneurship were entrepreneurs aged between 19 and 40. The statistical processing of the survey data results in a series of findings concerning the characteristics and the factors affecting youth entrepreneurship, which lead to the relevant regional policy proposals.

… revised papers presented at the 13th …, 2011

Localización: Innovation and multidimensional entrepreneurship: economic, social and academic asp... more Localización: Innovation and multidimensional entrepreneurship: economic, social and academic aspects: revised papers presented at the 13th Uddevalla Symposium, 19-22 august 2010, Jönköping, Sweden/coord. por Iréne Bernhard, 2011, ISBN 978-91-633-...

International Journal of Business and Economic Sciences Applied Research, 2019

The methodology employed is based on identifying the communities with the most extensive oil extr... more The methodology employed is based on identifying the communities with the most extensive oil extraction activities using GIS (Geographic Information System) software. We then apply a random effects panel regression model to check the significance of the oil price as a predictor of employment. Finding: Results indicate that the effect of oil price fluctuations is limited, with employment in the identified communities following the national trend. Research limitations/implications: Unfortunately, our study is hindered by data availability issues and a short time series. Nevertheless, conclusions are backed by the country's characteristics-a diversified economy, integration with refining operations, and the presence of related manufacturing and services activities. Originality/value: The study adds to the existing literature by focusing on a mature region with a long history of hydrocarbon extraction activities. We argue that the study of local communities in mature regions is of great importance in the context of the ongoing energy transition, particularly of those located within the European Union.

Spatium, 2013

This paper is divided into two parts, one theoretical and one empirical. The research deals with ... more This paper is divided into two parts, one theoretical and one empirical. The research deals with entrepreneurs that received loans from National Fund for Entrepreneurship and Development (ETEAN in Greek language). ETEAN provided enterprises with non interest or low interest loans based on state guarantees. The main objective of this research is to examine the project\'s effectiveness and its contribution into local development on Regional Unity of Serres, Central Macedonia, Greece. The first part is divided into two sections. A comparative analysis of guarantees to small and medium enterprises (SME?s) is presented in the first part referring to the European Union and in the second part to Greece. Particularly, in the first section of our paper presented data concerning guarantees provided in the EU. At the second section presented data which indicate the role of ETEAN?s programs into the contribution of local development in Greece and the moral hazards due to state provided guar...