@article{MTMT:35191682, title = {Environmental policy and stakeholder engagement: Incident‐based, cross‐country analysis of firm‐level greenwashing practices}, url = {https://m2.mtmt.hu/api/publication/35191682}, author = {Keresztúri, Judit Lilla and Berlinger, Edina and Lublóy, Ágnes}, doi = {10.1002/csr.2945}, journal-iso = {CORP SOC RESPONS ENVIRON MANAGNAG.}, journal = {CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT}, unique-id = {35191682}, issn = {1535-3958}, abstract = {In this study, we investigate how internal and external monitoring systems can help combat greenwashing. We propose a novel, incident‐based measure to investigate the greenwashing behavior of 1218 large and mid‐cap companies across different industries between 2008 and 2020. These companies are constituents of the MSCI World Index, covering 23 developed market economies. We consider a company to be engaged in greenwashing if it improves its environmental ESG subscore while simultaneously being responsible for severe environmental damage. According to our greenwashing indicator, about 7% of the companies were involved in greenwashing at least once during the 13‐year sample period. The proportion of greenwashing companies is highest in the energy, utilities, and materials industries. We find evidence that both internal and external monitoring mechanisms can be effective in deterring companies from adopting greenwashing strategies. Firms with more independent board members, attracting more attention from the investors, and headquartered in countries where the population is more environmentally aware are significantly less likely to engage in greenwashing. The awareness of the population is a key factor especially in the energy, utility, and material sectors.}, year = {2024}, eissn = {1535-3966}, orcid-numbers = {Keresztúri, Judit Lilla/0000-0003-1407-242X; Berlinger, Edina/0000-0002-8264-0823} } @article{MTMT:34505448, title = {Factors influencing US equity-crowdfunded companies' ability to survive}, url = {https://m2.mtmt.hu/api/publication/34505448}, author = {Kivilo, Samela and Tesliuks, Antons and Lublóy, Ágnes}, doi = {10.1080/13691066.2023.2300144}, journal-iso = {VENT CAP}, journal = {VENTURE CAPITAL}, unique-id = {34505448}, issn = {1369-1066}, abstract = {This study investigates the factors being associated with equity-crowdfunded companies' likelihood of survival in the US. We focus on factors observable to crowdinvestors, either being set by entrepreneurs (signals) or being non-alterable (determinants), at least in the short run. Such observable factors at the time of crowdinvesting include company and campaign characteristics, growth potential, and company riskiness. Cox proportional hazards model is used on a sample of 429 US equity-crowdfunded companies. We find that 89% of the companies survived for a minimum of three years after a successfully funded initial equity offering. This survival rate is around ten percentage points higher than in Europe. We document that equity retention, funding goal, and current year revenue estimate are associated with the likelihood of building an enduring business. Higher proportion of equity offered to crowdinvestors signals lower investment quality and thus lower probability of survival. In contrast, companies with higher funding target and current year revenue have better prospects for survival after a successful equity offering. The funding goal affects the probability of survival through the capital intensity channel; if a company in a capital intense industry has been successfully funded, the threat from the competitors is lower given the high entry barriers.}, keywords = {SURVIVAL; signaling; equity crowdfunding; Cox proportional hazards model}, year = {2024}, eissn = {1464-5343} } @article{MTMT:32992473, title = {Blowing the whistle on corporate fraud: the role of regulators and journalists in the financial vs non-financial sectors}, url = {https://m2.mtmt.hu/api/publication/32992473}, author = {Keresztúri, Judit Lilla and Berlinger, Edina and Lublóy, Ágnes}, doi = {10.1080/00036846.2022.2096872}, journal-iso = {APPL ECON}, journal = {APPLIED ECONOMICS}, volume = {55}, unique-id = {32992473}, issn = {0003-6846}, year = {2023}, eissn = {1466-4283}, pages = {1273-1284}, orcid-numbers = {Keresztúri, Judit Lilla/0000-0003-1407-242X} } @article{MTMT:33023039, title = {Level of health literacy in Latvia and Lithuania: a population-based study}, url = {https://m2.mtmt.hu/api/publication/33023039}, author = {Gatulytė, Ieva and Verdiņa, Valērija and Vārpiņa, Zane and Lublóy, Ágnes}, doi = {10.1186/s13690-022-00886-3}, journal-iso = {ARCH PUBL HEALTH}, journal = {ARCHIVES OF PUBLIC HEALTH}, volume = {80}, unique-id = {33023039}, issn = {0778-7367}, year = {2022}, eissn = {2049-3258}, orcid-numbers = {Vārpiņa, Zane/0000-0003-2707-6040} } @article{MTMT:32599152, title = {Press freedom and operational losses: The monitoring role of the media}, url = {https://m2.mtmt.hu/api/publication/32599152}, author = {Berlinger, Edina and Keresztúri, Judit Lilla and Lublóy, Ágnes and Tamásné Vőneki, Zsuzsanna}, doi = {10.1016/j.intfin.2021.101496}, journal-iso = {J INT FINANC MARK I}, journal = {JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY}, volume = {77}, unique-id = {32599152}, issn = {1042-4431}, year = {2022}, eissn = {1873-0612}, orcid-numbers = {Keresztúri, Judit Lilla/0000-0003-1407-242X} } @article{MTMT:32458729, title = {Does governance matter?. Country-level determinants of operational risk}, url = {https://m2.mtmt.hu/api/publication/32458729}, author = {Berlinger, Edina and Keresztúri, Judit Lilla and Lublóy, Ágnes and Tamásné Vőneki, Zsuzsanna}, doi = {10.1556/204.2021.00018}, journal-iso = {SOC ECON}, journal = {SOCIETY AND ECONOMY}, volume = {43}, unique-id = {32458729}, issn = {1588-9726}, year = {2021}, eissn = {1588-970X}, pages = {289-313}, orcid-numbers = {Keresztúri, Judit Lilla/0000-0003-1407-242X} } @article{MTMT:31664267, title = {Medical crowdfunding in a healthcare system with universal coverage: an exploratory study}, url = {https://m2.mtmt.hu/api/publication/31664267}, author = {Lublóy, Ágnes}, doi = {10.1186/s12889-020-09693-3}, journal-iso = {BMC PUBLIC HEALTH}, journal = {BMC PUBLIC HEALTH}, volume = {20}, unique-id = {31664267}, issn = {1471-2458}, year = {2020}, eissn = {1471-2458} } @article{MTMT:31342218, title = {Exploring factors of diagnostic delay for patients with bipolar disorder: a population-based cohort study}, url = {https://m2.mtmt.hu/api/publication/31342218}, author = {Lublóy, Ágnes and Keresztúri, Judit Lilla and Németh, Attila and Mihalicza, Péter}, doi = {10.1186/s12888-020-2483-y}, journal-iso = {BMC PSYCHIATRY}, journal = {BMC PSYCHIATRY}, volume = {20}, unique-id = {31342218}, issn = {1471-244X}, year = {2020}, eissn = {1471-244X}, orcid-numbers = {Keresztúri, Judit Lilla/0000-0003-1407-242X; Mihalicza, Péter/0000-0003-0289-758X} } @{MTMT:31125249, title = {Price evolution of major cryptocurrencies and attitude on the Internet}, url = {https://m2.mtmt.hu/api/publication/31125249}, author = {Matiss, Andersons and Lauris, Krasovskis and Lublóy, Ágnes}, booktitle = {Annual Financial Market Liquidity Conference, 2019}, unique-id = {31125249}, year = {2019}, pages = {13-14} } @article{MTMT:30823221, title = {Economic burden of migraine in Latvia and Lithuania: direct and indirect costs}, url = {https://m2.mtmt.hu/api/publication/30823221}, author = {Lublóy, Ágnes}, doi = {10.1186/s12889-019-7461-2}, journal-iso = {BMC PUBLIC HEALTH}, journal = {BMC PUBLIC HEALTH}, volume = {19}, unique-id = {30823221}, issn = {1471-2458}, abstract = {Background Migraine is a primary headache disorder which affects all aspects of life. The financial burden of migraine imposed on the society might be substantial. This study aims at estimating the economic cost of migraine in Latvia and Lithuania, including both direct and indirect costs. Direct costs encompass the costs of migraine-related health care resource utilization. Indirect costs are related to productivity loss, the potential or expected earnings lost due to migraine. Methods Direct cost is assessed by using the prevalence method, a widely used cost-of-illness approach. The prevalence rate of migraine and the migraine-related health care resource utilization are proxied from the literature, whereas unit cost of medical services and procedures are retrieved from national databases and providers. For estimating the indirect cost of migraine, we follow the human capital approach. We quantify three components of indirect costs: reduced labour force participation, absence from work and reduced productivity while at work. The number of unemployed migraineurs, days missed from work and days lost due to impairment while at work are drawn from the literature. Unemployment rate and average income in Latvia and Lithuania are then inserted to assess indirect costs. Results We find that the mean per-person total cost of migraine is euro801 annually in Latvia, and euro721 in Lithuania. In both countries around 30% of total cost is direct cost; cost related to a wide array of migraine-related medical services and interventions. The total cost of migraine is euro112.26 million in Latvia, corresponding to 0.42% of Latvia's GDP. The total cost of migraine is euro149.62 million in Lithuania, corresponding to 0.35% of Lithuania's GDP. In both countries two thirds of total cost is related to lost workdays due to absenteeism and presenteeism. Conclusions The financial burden of migraine imposed on the society is substantial in Latvia and Lithuania. Improvements in care for patients with migraine, such as easier access to structured headache assessment services, wider availability of various procedures and preventive medications would significantly increase direct costs. Nevertheless, this cost increase might be far outweighed by lower migraine-related productivity loss, especially as the prevalence of migraine is the highest in the most productive years of life.}, keywords = {PREVALENCE; MIGRAINE; disability; QUALITY-OF-LIFE; HEALTH-CARE; Latvia; Productivity loss; EPISODIC MIGRAINE; GLOBAL BURDEN; absenteeism; indirect cost; Direct cost; presenteeism; CHRONIC DAILY HEADACHE; INTERNATIONAL BURDEN; health care resource utilization; Reduced workforce participation; AMERICAN MIGRAINE}, year = {2019}, eissn = {1471-2458} }