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This book features a collection of high-quality and peer-reviewed papers from the 2022 6th International Conference on Applied Economics and Business (ICAEB), which was held in Stockholm, Sweden, during August 24-26, 2022. ICAEB serves as a platform for presentation of new advances and research results in the fields of applied economics and business. Applied economics is used to improve the quality of practice in business and public policy by thinking meticulously about new ways to approach old problems. Presentations at the conference include the topical areas of development, ecological, financial, forensic, information, institutional, international, labor, managerial, mathematical, monetary, and other related economic aspects. All these topics relate to an overall theme of sustainable development from an economic perspective. The conference brings together scientists from different fields of applied economic research in order to exchange ideas and experiences leading to improved methods of economic analysis.

This book focuses on the issues and trends in outdoor, 'nature-based' recreation, leisure and tourism and explores the implications for public policy, planning, management and marketing. It is intended as supplementary reading for advanced students and is a useful reference tool.

This article describes how some of the principles of the Deming management method were used to improve two courses: an MBA elective (Entrepreneurship) and an undergraduate requirement (Business Policy). Techniques based on the Deming management method enhanced student productivity in both the quality and quantity of work submitted. Students seemed to enjoy their work more as well. Yet the instructor was unable to convince colleagues and administrators that these productivity gains were worth changing fundamental perspectives about, and methods of, teaching and evaluation. Efforts to continue using the Deming management method were abandoned. Based on an analysis of this "success/failure" experience, suggestions are offered regarding the critical factors necessary to implement the Deming management method in the classroom.

The marginal rate of substitution shows that negatively affected residents of Pak Mun Dam are willing to trade three units of economic well-being to gain one more unit of social well-being. Marginal rate of substitution (MRS) provides important information to the government regarding such trade-offs. Given the limited budget and resources, the optimal point of the combination of these dimensions of well-being should be determined in order to provide better strategy and policy to improve the conditions for residents affected by the dam's construction. Structural Equation Model (SEM) was used to find a standardized estimate of each dimension and used it for MRS calculation.

The marginal rate of substitution shows that negatively affected residents of Pak Mun Dam are willing to trade three units of economic well-being to gain one more unit of social well-being. Marginal rate of substitution (MRS) provides important information to the government regarding such trade-offs. Given the limited budget and resources, the optimal point of the combination of these dimensions of well-being should be determined in order to provide better strategy and policy to improve the conditions for residents affected by the dam's construction. Structural Equation Model (SEM) was used to find a standardized estimate of each dimension and used it for MRS calculation.

Intro -- Contents -- Notes on Contributors -- List of Figures -- List of Exhibits -- List of Tables -- 1: The Secrets of Successful Entrepreneurial Families: Insights from the World's Experts on Multi-Generational Entrepreneurial Families -- Introduction -- Reference -- Part I: Characteristics of the Entrepreneurial Family -- 2: Family Capital: The Key to Entrepreneurial and Family Success -- Model of Family Capital -- Family Structure -- Family Culture -- Family Activities -- Family Trust -- Repairing Interpersonal Trust -- Repairing Competence Trust -- Repairing Institutional Trust -- Family Capital Transfer Activities -- The Outcomes of Family Capital -- Conclusion -- References -- 3: The Essential Role of Trust in Family Business Entrepreneurship -- Trust: What Is It? -- Building Entrepreneurial Trust -- Ability: The Skill to Succeed and Risk of an Assassin -- Benevolence: The Care and Concern for the Family and the Risk of the Schlemiel -- Integrity: Principle-Driven Leader or the Risk of the Zealous Martyr -- Broken Trust -- References -- 4: Managing Legacy, Achievement and Identity in Entrepreneurial Families -- A Framework for Success in Family Firms -- Lessons from Field Research -- Identity Questions and Tensions -- Making Family an Identity Workspace -- Conclusion: Achieving an Entrepreneurial Legacy -- Coda -- References -- 5: Discerning the Importance and Nature of the Family System in Relation to the Family Firm: A Paradigm Shift -- Introduction -- Defining the Family Firm -- Purpose and Objectives -- The Importance of the Family System in Relation to the Family Firm -- Conceptual Frameworks of the Family Firm -- The Sustainable Family Business Theory -- The Sustainable Family Business Theory Constructs -- The SFBT Sustainable Family Business Theory Assumptions -- Entrepreneurial Value Creation Theory in Relation to the Family Firms.

Government plays an important role as a well-being capital provider through policies, strategies, or even direct provision to local residents to improve their livelihoods. Pak Mun Dam is one of the most controversial dams in Thailand, and government intervention is needed to solve the issues the dam has created. This study tests the premise that government intervention will impact overall well-being only through structural means by providing strategy and policies related to social and economic well-being. Government training programs and government services will impact over all well-being through social well-being. A satisfactory solution to the Pak Mun Dam situation will impact overall well-being through economic well-being. In this study a number of items, related to different well-being dimensions, were examined. The findings suggest that appropriate policy must address the four significant items which surfaced in the economic well-being measure and ten items in the social well-being dimension.

Multidimensional well-being is an important method for understanding the social functioning of communities affected by the Pak Mun Dam, 26 years after its construction. This is the first quantitative research on the well-being of these communities. In six of eight well-being dimensions, the more distant communities are faring better than those in close proximity to the dam. Furthermore, 24 of 40 items that represent each dimension have statistically significant lower means in the affected community. This result shows the long-lasting nature of negative effects on communities and without appropriate policy action, negative impacts will linger preventing developmental progress from occurring.