https://journals.ukim.mk/index.php/ebd/issue/feed 2024-03-17T11:44:47+01:00 SANTA, Mijalche ebd@eccf.ukim.edu.mk Open Journal Systems <p><span style="color: #333333;">Business, Economy and Development journal seeks to promote an understanding of the phenomena of development from a combined business and economy perspective. The journal consciously endeavours to combine scholarly perspectives relevant to academic research and policy issues relating to development. In this connection, we use the term development broadly - to include scholarship drawing on business and economy perspective in the context of developed and developing countries on a micro or macro level...</span></p> https://journals.ukim.mk/index.php/ebd/article/view/2017 2024-03-06T12:33:45+01:00 Olivera Kostoska olivera.kostoska@uklo.edu.mk Marjan Angeleski marjan.angeleski@uklo.edu.mk Ljupco Kocarev lkocarev@manu.edu.mk

<p>The Covid-19 crisis spread around the world at lightning speed mainly due to the interconnectedness of today's economies as evidenced by major disruptions in international trade. This article aims at assessing the possible shifts that coronavirus disease has triggered in trade activity of European countries in two particularly affected sectors, that is food and machinery and transport equipment. In this process, exploratory data analysis is conducted in order to accurately explain the patterns lying behind the observed variations in trade values. Furthermore, cluster analysis is performed to the sample of European countries by applying hierarchical and K-means clustering algorithms using Python's libraries. By examining clusters of countries with similar trade profiles, this article contributes to discussions on global value chains, and to which extent there is data-based evidence to indicate systemic changes and reconfiguration of global production processes.</p>

2024-03-06T00:00:00+01:00 Copyright (c) 2024 Economy, Business and Development: An International Journal https://journals.ukim.mk/index.php/ebd/article/view/1996 2024-03-17T11:44:47+01:00 Muyiwa DAGUNDURO dagundurome@pg.abuad.edu.ng Gbenga FALANA falanaga@pg.abuad.edu.ng Joseph AJAYI josephomotosoajayi@yahoo.com Olayinka BOLUWAJI boluwajiod@pg.abuad.edu.ng

<p>In the dynamic landscape of corporate reporting and stakeholder engagement, the significance of non-financial disclosure has gained considerable prominence. As businesses strive for sustainable growth and investors increasingly recognize the value of environmental, social, and governance (ESG) factors, understanding the nexus between non-financial disclosure and firm performance becomes pivotal. This study endeavors to explore this relationship within the context of listed consumer goods manufacturing firms in Nigeria. The study encompassed a population of 21 listed consumer goods manufacturing firms in Nigeria. The sample size was 21 firms, determined through census sampling techniques. The research spanned from 2013 to 2022. FGLS regression model was used to examine the relationship between the variables studied. The results found that environmental disclosure and social disclosure had a positive and significant effect on the firm’s performance. While governance disclosure had a negative and significant effect on the firm’s performance. This implies that firms that engage in robust non-financial disclosure practices tend to experience better overall performance. The study concludes that non-financial disclosure, encompassing environmental, social, and governance aspects, plays a pivotal role in influencing the performance of listed consumer goods manufacturing firms in Nigeria. Firms are encouraged to enhance their ESG reporting frameworks, aligning with stakeholder expectations and global sustainability trends.</p>

2024-03-14T00:00:00+01:00 Copyright (c) 2024 Economy, Business and Development: An International Journal