Suchergebnisse

Using firm-level data between 2004 and 2012 for eleven countries of the European Union (EU), we document the size of product and labour market imperfections within narrowly defined sectors including services which are virtually undocumented. Our findings suggest that perfect competition in both product and labour markets is widely rejected. Levels of the price-cost margin and union bargaining power tend to be higher in some service sectors depicting however substantial heterogeneity. Dispersion within sector and across countries tends to be higher in some services sectors assuming a less tradable nature which suggests that the Single Market integration is partial particularly relaxing the assumption of perfect competition in the labour market. We report also figures for the aggregate economy and show that Eastern countries tend to depict lower product and labour market imperfections compared to other countries in the EU. Also, we provide evidence in favour of a very limited adjustment of both product and labour market imperfections following the international and financial crisis.

The Eurozone turmoil might have calmed, but the EU is still trying to free itself from a crisis that has had a dramatic impact on citizens' economic and social well-being and raised serious questions about the union's future. David Phinnemore reports.

EU has a significant role in the world politics and economics. Τhe importance of Brexit is unquestionable for the world countries whether they are parts of the EU or not. Developments and events taken place in the EU affect politically and economically member states as well as other countries of the world. The Britain' exit from the EU is not expected to affect Britain and the EU only but all the countries which have economical and political relations with the EU. Britain's process of separation from the EU will have negative impacts on the EU's citizens who live in Britain, and the British citizens who live in the EU. The study aims to analyze the impacts of Brexit process for both sides. ; peer-reviewed

Technical report ; Govein E-Invoice, Co-financed by the European Union, Connecting Europe facilities. Agreement number INEA/CEF/ICT/A2015/1129678, Action No. 2015-EU-IA-0058

Purpose: This study aims to investigate the influence of applying IFRS on European companies' profitability. The research focuses on adopting the new IFRS 16, specifically the accounting treatment of leases. The new standard introduces revolutionary changes in the treatment of leasing contracts. Many companies have moved away from IFRS, so it is essential to check the impact of IFRS on other companies. Design/Methodology/Approach: The study includes an analysis of two periods, before and after implementing IFRS 16 (leasing). In the study, we focus on specific sectors of economic activity. We examine the distributions of individual variables and compare the medians using parametric and non-parametric tests. The survey results indicate whether the implementation of IFRS 16 negatively affected the results of the companies. Findings: The study proves that adopting new IAS 16 related to leases does not negatively influence companies' profitability than the previous treatment of this financial position within financial statements. This study confirms that European companies improve profitability by adopting new modifications of the IAS 16. Practical Implications: The study represents a motive for managers to accept new accounting treatments of leases that will create tangible value and generate further economic benefits. Originality/Value: We examined companies implementing new assumptions for the recognition of leasing. Contrary to the numerous voices of practitioners pointing to the negative effects of the implementation of IFRS 16, we showed that the implementation of IFRS 16 did not significantly change the profitability of companies. Thus, it can be indicated that the primary objective of introducing IFRS 16, to organize the recognition of company assets, has been met. ; peer-reviewed

"At a time when many transition countries are trying to enter the European Union, Lavenex highlights the willingness of Central and East European countries to adopt Western European policies aimed at fighting illegal immigration and reducing the numbers of asylum seekers as a political bargaining tool in exchange for future membership in the EU. She also argues that the emergent European refugee regime undermines the values of international refugee protection and diffuses states' responsibilities by establishing a system of negative redistribution for the handling of asylum claims."--Jacket