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Editorial office of the journal E&M Economics and Management warns that there have recently emerged false offers promising mediation of publishing in our journal for a certain fee. Editorial office declares that we do not keep such cooperation. Every single review process is standartized and transparent. If you are interested in publishing with E&M, contact our editorial office directly. The journal does not have any intermediaries abroad.

Aims & Scope

The journal E&M Economics and Management (E&M) publishes high quality original research articles and scientific studies based on theoretical and empirical analyses. E&M encourages new intriguing ideas and new perspectives on existing state of knowledge.
Among the key topics covered are Economics, Business Administration, Finance, Management, Information Management, and Marketing & Trade. More information here.
The journal E&M Economics and Management (E&M) publishes high quality original research articles and scientific studies based on theoretical and empirical analyses. E&M encourages new intriguing ideas and new perspectives on existing state of knowledge.
Among the key topics covered are Economics, Business Administration, Finance, Management, Information Management, and Marketing & Trade. More information here.

Choice of articles of current issue

ANALYSIS OF STATE INVESTMENTS INTO HUMAN CAPITAL IN SLOVAK REPUBLIC

Daniela Palaščáková, Gabriela Koľveková, Dávid Melas

As for creating values in society intellectual capital is as inevitable as money and physical capital. According to Edvinsson and Malone (1997), intellectual capital can be defined as intangible assets, which are not explicitly stated in the company´s balance but even though they have a positive effect on the company´s efficiency. The division of elements of the intellectual capital varies across different literature particularly regarding its titles. The same categories are called differently by Edvinsson and Malone (1997), by Petty, Cuganesan, Finch and Ford (2009), by Fragouli (2015) and by others like Ozkan, Cakan and Kayacan (2017). For our purposes, we will use the division that was also used by Ozkan, Cakan, and Kayacan (2017) and according to which intellectual capital consists of these three elements: structural, relational and human capital.
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ON THE RELATIONSHIP BETWEEN SELECTED SOCIO-ECONOMIC INDICATORS AND STUDENT PERFORMANCES IN THE PISA 2015 STUDY

Jiří Mazurek, Elena Mielcová

Knowledge is certainly one of the most important assets possessed both by individuals and by societies. In (substantial) part of the World, knowledge of individuals is obtained via a formal education in an educational system divided into subsequent several stages (usually pre-primary, primary, secondary, and tertiary education). Nowadays, populations’ costs of formal public education in the majority of countries constitute a significant portion of national wealth, often exceeding 5% of a gross domestic product. On average, World’s education costs reached 4.7% of the World’s GDP in 2013, according to the World Bank (2017). The costs of private education and especially the costs of tertiary education at the top universities in the USA, Canada, UK, or China are also considerably high.
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COUNTRY-SPECIFIC DETERMINANTS OF INTRA-INDUSTRY TRADE IN PHARMACEUTICALS: THE CASE OF POLAND AND ITS EUROPEAN UNION PARTNERS

Justyna Łapińska, Jana Meluzínová, Jiří Uhman

Pharmaceuticals are chemical and biological substances produced by the pharmaceutical industry, used in therapies and prevention of various diseases. They cover an extremely wide range of products, ranging from simple medicinal preparations, to extremely advanced technological specifics. Similar to food, pharmaceutical products are believed to be one of the most important needs of human beings. They have a significant impact on their health, often support and extend their lives. Due to their specific properties and healthcare function of pharmaceuticals, they are contained in the category of basic products and their significance is appreciated not only by buyers (patients) but also by authorities in most countries. That is why in many countries special attention is paid to the development of production and trade in pharmaceutical products.
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QUANTITATIVE EASING EFFECTS ON EQUITY MARKETS – EVENT STUDY EVIDENCE FROM THE US

Leoš Šafár, Marianna Siničáková

After financial crisis in 2008, both financial and non-financial institutions, governments and monetary authorities as regulators faced great challenges in overcoming recent depression. Although different market participants in different fields reacted and accommodated in their own ways, they relied on monetary authorities more than they did before crisis. Monetary authorities were in position to deliver policies accommodative enough to stimulate economy, or at least reduce damage cumulated during crisis period. From our point of view, first step was pushing interest rates near zero level or lower in order to loosen borrowing conditions. But, on the other hand, monetary authorities approached to changes in legislation in order to prevent situation that caused crisis in the first place. In other words, meeting requirements for getting access to capital become stricter.
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BENEFITS OF KPIS FOR INDUSTRY SECTOR EVALUATION: THE CASE STUDY FROM THE CZECH REPUBLIC

Martina Hedvičáková, Martin Král

Industrialization, a major force in structural change, shifts resources from labour-intensive activities to more capital technology-intensive activities. It will remain crucial to the future growth of developing countries. Manufacturing’s share of GDP has remained stable over the last 40 years. Technology and capital equipment are the main drivers of both manufacturing growth and aggregate growth in developed and developing countries, although in developing countries energy and natural resources use affects growth in the medium- and low-tech industries (Unido, 2018). Currently, the industrial value creation is shaped by the development towards the fourth stage of industrialization, so-called Industry 4.0. Industry 4.0, referred to as the “Fourth Industrial Revolution”, also known as “smart manufacturing”, “industrial internet” or “integrated industry”, is currently a muchdiscussed topic.
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