Aktuální články z ekonomiky a managementu


FACTORS DETERMINING PROFITABILITY OF SMALL AND MEDIUM ENTERPRISES IN SELECTED INDUSTRY OF MECHANICAL ENGINEERING IN THE SLOVAK REPUBLIC – THE EMPIRICAL STUDY

Ľubica Lesáková, Andrea Ondrušová, Miroslava Vinczeová

Mechanical engineering belongs to the key industries in Slovakia. In terms of achieved sales and the rate of employment, it ranks among the largest manufacturing industries. The industry currently employs 12 per cent of the population and accounts for up to 42 per cent of total output of the Slovak Republic. Many of the enterprises operating in this industry are small or mediumsized. This industry apparently plays an essential role in the global economy, it is a source of entrepreneurship, innovations and new jobs. These are some of the reasons for which SMEs´ profitability and ways of its improvement should draw particular attention. It is therefore obvious that the issues of the financial analysis in SMEs are receiving constant attention. Since SMEs are the backbone of the Slovak economy and mechanical engineering is one of its key industries, our intention in this article is to focus attention on profitability and factors influencing it in SMEs active in the mechanical engineering industry.
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TOP MANAGEMENT TEAM COMPOSITION AND FINANCIAL PERFORMANCE: EXAMINING THE ROLE OF GENDER DIVERSITY

Dana Egerová, Marta Nosková

The issue of female representation in top management teams is a growing area of interest among practitioners, policymakers, and researchers around the world (Ahmadi, Nakaa, & Bouri, 2018). In particular, there has been an ongoing debate about whether gender diversity in top management teams relates to company performance, more specifically financial performance (Farag & Mallin, 2017; Hernandez-Nicolás et al., 2015). The existing body of literature suggests that top management team gender diversity has both positive and negative effects on company performance. Additionally, the results of empirical studies on this issue remain mixed (e.g., Ali & Konrad, 2017; Eger & Indruchová, 2014; Julizaerma & Sori, 2012). On the one hand, there is evidence that gender diversity in top management is associated with higher financial performance (e.g., Campbell & Mínguez-Vera, 2008; Perryman, Fernando, & Tripathy, 2016).
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FINANCING SELECTION METHOD IN DISCIPLINE EVALUATION USING A WEIGHTED INDUCED MODEL

Yufen Chen, Huanhuan Jin, Chao Chen, Chonghui Zhang

Managers often have to face kinds of decision-making problems in which a suitable investment alternative has to be evaluated and selected (Zhou et al., 2019; Yan et al., 2017; Rostamzadeh et al., 2017). Such a choice maybe related, for instance, to the technology choose for product development or machine selection for a manufacturing process (Frank et al., 2013). This kind of investment alternatives can be considered a multiple attribute decisionmaking (MADM) problem as it involves a variety of attributes that should be taken into account from finite feasible schemes based on the assessment information provided by decision makers. Due to the uncertain objects and ambiguous human thinking, sometimes it is impossible for decision makers to give all the evaluation values of attributes by exact numbers. The definition of fuzzy set is firstly introduced by Zadeh (1965) to address the uncertainty and ambiguity, which has been widely used in various domains.
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THE MODEL ASSESSING THE IMPACT OF PRICE AND PROVIDED SERVICES ON THE QUALITY OF THE TRIP BY TRAIN: MCDM APPROACH

Henrikas Sivilevičius, Lijana Maskeliūnaitė

In recent years, the problems of diverse transport mode development policy, travel price, duration and quality have been solved by a wide range of international scientists and researchers (Kandt, Rode, Hoffman, Graff, & Smith, 2015; Seelhorst & Liu, 2015; Woo, Cheng, Li, Chiu, Ho, & Horowitz, 2015; Kirschstein & Meisel, 2015; Guo, Yu, Chen, & Zhang, 2011). The choice of a particular mode of transport as an alternative to another one is subjective and usually based on an individual passenger’s approach to the evaluation of advantages and disadvantages of some particular means of transport (Sivilevičius & Maskeliūnaitė, 2018).A transport system is a system created for transporting large numbers of passengers at the low price of investment. Passengers can usually choose a means of transport based on the criteria, which seem to be important for them.
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MODELLING INTERNATIONALIZATION OF HIGH GROWTH FIRMS: MICRO LEVEL APPROACH

Renata Korsakienė, Vratislav Kozak, Svajonė Bekešienė, Rasa Smaliukienė

High-g rowth firms (HGFs) make a significant impact on the development of countries’ economies and micro, or firm level, factors are vital in understanding this phenomenon. Indeed, HGFs are unique engine of national economies that contribute essentially to economic growth which is much sought after in internationally open economic environment. More specifically, HGFs internationalization is perceived as a source of productivity, export and employment growth in the country. Economic policies of countries, as a macro level stimulus, aim to provide impetus for HGFs development, however understanding micro level factors of HGFs creation, development and internationalization are the basis for macro level decisions. Studying and modelling of micro level factors not only provides an opportunity to understand the phenomenon of HGFs but also develops the basis for policy decisions especially in the field of business internationalization.
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