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Vyhledávání

THE IMPACT OF SUPPLY CHAIN LEADERSHIP AND FOLLOWERSHIP ON CSR: AN EMPIRICAL STUDY ABOUT A PORTUGUESE ENERGY SUPPLIER

Pedro Fontoura, Arnaldo Coelho

Sustainability is a theme that has gained interest among researchers and practitioners due to the increase of stakeholder awareness regarding environmental and social issues. In this context, the purchasing power of a company may turn out to be an important booster to bring positive changes to society. Corporations have to use this power to accomplish a goal and turn their supply chain in a driver for inclusive growth (Szegedi & Kerekes, 2012). Consequently, businesses have become conscious of the requirement of developing strategies, which can spread their usual corporate governance methods beyond the company’s borderline to their supply chain partners. According to Keating, Quazi and Kriz (2007), the appearance of purchasing approaches in favour of Corporate Social Responsibility (CSR) is the most noticeable display of this extension.
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ANTECEDENTS OF TURNOVER INTENTION: A META-ANALYSIS STUDY IN THE UNITED STATES

Ahmet Hakan Ozkan, Meral Elci, Melisa Erdilek Karabay, Hakan Kitapci, Cinar Garip

In mature markets such as the markets of the United States, the organizations aim to form the best teams to be more effective in a competitive environment. But turnover is a threat to effective organizations. It is also an extra cost for the institutions. Therefore the managers try to keep turnover under control. But it is a challenging task because there is a lot of variables that influence turnover intention. Job satisfaction, organizational commitment, and empowerment are chosen as the main antecedents of turnover intention. Meta-analysis studies showed that organizational commitment and job satisfaction are the strongest predictors of turnover intention (Tett & Meyer, 1993; Choi & Kim, 2016; Coomber & Barriball, 2006; Kim & Kao, 2014). Tett and Meyer (1993) reported that job satisfaction and turnover intention had the highest negative correlation among the other factors affecting turnover intention. The metaanalysis study of Pagilagan (2017) accepted organizational commitment and empowerment as the main antecedents of turnover intention.
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THE CONTRIBUTION OF INNOVATION ACTORS INTO BUSINESS R&D FUNDING – DOES THE SUBSTITUTION EFFECT OF PUBLIC SUPPORT WORK IN THE EU?

Peter Pisár, Ina Ďurčeková, Mária Stachová

Many authors consider innovation to be the key element of economic growth and competitiveness of firms (Distanont & Khongmalai, 2018; Kuncoro & Suriani, 2018) and countries (Akis, 2015; Ciocanel & Pavalesce, 2015; Akcali & Sismanoglu, 2015; Krstić, Stanišić, & Radivojević, 2016; Şener & Saridoğan, 2011). Even though research and development (furthermore just “R&D”) and innovation are not the same thing, R&D is a crucial part of innovation (Edquist, 2006). The importance of R&D is shown in the fact that one of the main priorities of the EU strategy “Europe 2020” is the increase of R&D expenditure in the EU member states (European Commission, 2010). However, we maintain that it is not only important to monitor R&D expenditure as one aggregate indicator, but to also look at it incrementally from the point of involvement of various innovation actors in R&D funding. Since firms are considered to be the key Innovation actor (Eggink, 2013), we decided to examine the financing of business R&D from various sources of funds (business, government, university, non-profit organization funds and funds from abroad).
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MARKETING TOOLS IN THE ERA OF DIGITIZATION AND THEIR USE IN PRACTICE BY FAMILY AND OTHER BUSINESSES

Naděžda Petrů, Jan Kramoliš, Peter Stuchlík

In this era of digital commerce, information is forever appearing on the markets testifying to the importance of using the tools of modern marketing. Indeed, one of the theories of this new grouping of tools is designated as “Marketing 4.0”. This trend encompasses concepts such as “thinking virtually”, using social networks for expansion to international markets and other objectives, content marketing, copywriting, engagement marketing, etc. As the Marketing 3.0 concept stands widely endorsed, Marketing 4.0 is an approach which more effectively takes into account the convergence of the offline and on line worlds of businesses and customers. The concept focuses on how, in the times of a digital economy boom, offline touch serves as a major differentiation in an increasingly online world (Kartajaya & Setiawan, 2018; Negricea & Purcarea, 2018). It is understandable that for companies who wish not only to survive in the market but also to grow, it is essential that these new concepts in the field of marketing be taken into consideration.
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NON-FINANCIAL INDICATORS IN THE VALUATION PROCESS – CURRENT TRENDS

Vítězslav Hálek, Anna Borkovcová, František Hašek

In a global environment, where a major part of a business operates in an international environment, financial indicators seem insufficient, especially because they are historical indicators; they are unstable and do not reflect future developments. The instability in the environment of competition urges businesses to introduce a strategy focusing on the critical areas and factors that have impact on the business survival in the long term (He & Lu, 2018; Peršić, Janković, & Krivačić, 2017). Measuring the performance of companies must be based not only on the financial indicators but increasingly also on the non-financial ones. The financial indicators are best suited for use in strategic management, where they indicate whether the implemented stratégy helps to improve. The non-financial indicators determine the short-term direction of the organization and their identification is usually quite complex and sometimes subjective. The non-financial indicators are usually determined based on the experience and knowledge of the managers of the company (Režňáková, Karas, & Strnadová, 2017).
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ANALYSIS OF GREEN ECONOMY DIMENSION IN THE CONTEXT OF CIRCULAR ECONOMY: THE CASE OF BALTIC SEA REGION

Jelena Stankevičienė, Marta Nikanorova, Gentjan Çera

Sustainability and sustainable economic development nowadays have become essential goals the world is challenged to achieve and a constant concern for policymakers (Garud & Gehman, 2012; Markard, Raven, & Truffer, 2012; Millar, McLaughlin, & Börger, 2019). Nowadays, the world is facing with the problém related to the inefficiently used resources and increased generated waste (D’Amato et al., 2017). The current economic model uses “takemake-waste” industrial model known as linear economy (make, use, dispose) (Kalmykova, Sadagopan, & Rosado, 2018). This paradigm does not take into account the fact that there is a limited amount of resources. Therefore, the world could face serious problems such as resource shortage due to the increasing economic volumes and amount of resources used to produce and offer goods and services.
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FACTORS AFFECTING THE COST OF SERVICE TRADE: EMPIRICAL EVIDENCE FROM CHINA AND THE EUROPEAN UNION

Ji Chen, Qiang Fang, Si Liu, Tomas Balezentis, Chonghui Zhang

Trade promotes economic (Drelich-Skulska & Domiter, 2018; Skulski, 2018; Bobowski, 2018), social (Radukic et al., 2019) and environmental (Munir & Ameer, 2018; Tao et al., 2017) interactions. The conceptual category of service trade has two different interpretations, broad and narrow. In a narrow sense, trade in services refers to activities in which a country meets the specific needs of other countries in a way that provides direct services and is paid in the course of the transaction. In the broad service trade, it includes both tangible activities and various intangible activities that complete the transaction without direct contact between the service provider and the user. Unless otherwise stated, trade in services usually refers to concepts in a broad perspective.
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MANAGERS OF TOURISM COMPANIES CAN NO LONGER EXPECT ANY FINANCIAL SUPPORT FROM COMPANY OWNERS: DIFFERENT WORKING CAPITAL MANAGEMENT DUE TO THE GLOBAL FINANCIAL CRISIS

Tomáš Heryán

In several economies, tourism is the key field representing an engine of economic growth. This field is employing directly or indirectly a big part of the economically active population. Above that, tourism belongs to the services, which bring an added value itself. A recent global financial crisis, which negatively reflected a real economy development ten years ago, unfortunately, influenced tourism, too. Even if the role of a central bank is very distant from tourism, a consequent unconventional monetary policy within the sovereign debt crisis in the Eurozone undoubtedly influenced it as well (Heryán, 2017). Rather than macroeconomy and turbulent development in financial markets, which can relate to tourism in very different ways, it is more contributive to deal with a microeconomic aspect of company internal processes of hotels and travel agencies (Heryán, 2018).
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FACTORS INFLUENCING CONSUMER BEHAVIOUR OF GENERATION Y ON THE CZECH WINE MARKET

Jana Němcová, Pavla Staňková

According to Tibor Nyitray, President of the Wine Growers’ Union of the Czech Republic, wine is not only a product of nature, but also pleasure and joy, work and entrepreneurship, the result of long-term education and practise, the reason for meetings and association, and finally science and trade. Wine and winegrowing has made considerable progress in the last twenty years. Legislation has improved, the quality of equipment has risen, modern technologies have been developed, and a significant number of wines have obtained remarkable achievements at international competitions. Everything now depends on winemakers. They should not ‘only’ sell the wine that produce, but they should seek to build a good reputation for their products, gain the permanent confidence of consumers, and offer interesting and attractive wines. It is important that they will be more interested in what wines customers want to receive from them, and their aim should be in the first instance to satisfy consumers, and only after sales (Bárta, 2013).
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PRICING EXOTIC OPTION UNDER STOCHASTIC VOLATILITY MODEL

Pengshi Li

Exotic options are called “customer tailored options” or “special purpose option” because they are flexible to be tailored to the specific needs of investors. Strategies based on exotic options are often employed to hedge the specific risk exposures from the financial markets. Because exotic options are more efficient and less expensive than their standard counterparts, they are playing a significant hedging role in cost effective ways. Unlike the vanilla call and put options, exotic options are either variation on the payoff patterns of plain vanilla options or they are totally different kinds of derivatives with other features. While simple vanilla call and put options are traded in the exchanges, most of the exotic options are traded in the over-the-counter markets. Supershare option and chooser option are two typical kinds of exotic options which suggest a broad range of usage and application in different financial market conditions. Supershare option is one type of Binary option. Unlike the binary option which has only one boundary, a supershare option has an upper and lower boundary.
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