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The competitive advantage of enterprises from the customer perspective

Vanda Maráková, Anna Wolak-Tuzimek, Marzanna Lament, Lenka Dzúriková

The ability to achieve and maintain a competitive advantage in the long term is one of the most valuable abilities of a company in the modern economy. Companies strive to achieve a competitive advantage in order to be recognised by customers, which is expected to lead to increased revenues and profits. It is important to choose factors serving to achieve a competitive advantage. More desirable are factors that are difficult to copy by competitors and adapted to the opinions and needs of… více

On competition and transparency in public procurement during the COVID-19 pandemic in the European Union

Matus Kubak, Peter Nemec, Robert Stefko, Marcel Volosin

Government expenditures on acquiring services, goods, and work through public procurement represent a substantial proportion of the EU’s GDP. Competitive and transparent tendering procedures are generally believed to promote achieving the primary goals of public procurement: maximising value for money and reducing corruption. However, during the crisis, procurement rules allow a temporary departure from transparency standards toward fast and more discretionary procurement procedures justified… více

Critical success factors for public procurement of innovative solutions in Central Europe: Empirical study

Martin Januska, Alena Palacka

This article aims to evaluate critical success factors in the use of the Public Procurement for Innovations (PPI) concept. The first part of the article deals with a systematic research literature review on the topic of critical success factors for PPI. In the second part, the authors present empirical research conducted as an add-on to the projects PPI2Innovate and RI2integrate within the Europe and Interreg Danube programs. These projects (whose research team included one of the authors of… více

Nexus between corporate governance and earnings management in family and non-family firms

Aziza Naz, Monika Naďová Krošláková, Iqra Farheen, Marián Čvirik, Anna Michálková

This study explores the relationship between internal corporate governance mechanism and accruals and real earnings management (EM), following Pakistan’s 2012 amended Code of Corporate Governance. It also examines the moderating role of family firms on the relationship among corporate governance mechanisms and accruals and real earnings management. For this purpose, we used a sample of 172 firms listed on the Pakistan Stock Exchange (PSX) for 2012–2019. The dependent variables were estimated by… více

Determinants of the implementation of the quality management systems in SMEs

Pavol Gejdoš, Zuzana Závadská, Jarmila Schmidtová

The implementation of the quality management systems using quality improvement methods, tools and approaches is considered one of the significant aspects to increase the performance of enterprises in the market environment and growing competition. Most of the authors studied the impact of any of the available quality management tools or philosophies on the performance of enterprises only on a case-by-case basis. The aim of the paper is, however, to examine the effect of implementing a larger… více

The role of executive characteristics in their evaluation of financial conditions of European SMEs

Aleksandr Ključnikov, Mehmet Civelek, Lukáš Durda, Vendula Fialová, Andrea Folvarčná

The majority of SMEs (small and medium-sized enterprises) have a lower amount of financial assets and earnings compared to their larger counterparts. Therefore, their probability of encountering financial troubles is greater. However, the obstacles they face and perceive might differ depending on their executives’ characteristics. In this regard, this research targets to indicate similarities or differences in the perception of financial conditions by companies’ executives who are of various… více

The effect of psychological contract, employer branding and job satisfaction on turnover intention: Organizational commitment as moderating variable at start-up IT company

Ahmad Azmy, Iyus Wiadi, Handy Risza

IT-startup is an organization that starts a business in the technology field. The problem that is often faced is high-turnover. The reality of business processes takes a long time to develop into large companies. One of the potential factors in business success is human resources. The present study analyzes the direct and indirect effects of the psychological contract, employer branding, and job environment on turnover intention in IT start-up companies. Organizational commitment was employed… více

How does the effect of external financing on profitability differ across tiers? Evidence from the automotive supply chain

Zdeněk Toušek, Jana Hinke, Barbora Gregor, Martin Prokop

Due to the importance of automotive industry for the Czech Republic (in a broader sense for European countries) and due to the unprecedented development of both national and European economies caused by the COVID-19 outbreak, also having implications on the financial sector, we aim to explore the main determinants of operating performance within the automotive supply chain. This study is based on the data sample composed of complete individual financial statements (audited if available) of… více

The dark side of knowledge transfer: A visual analysis using VOSviewer

Yijing Wang, Changfeng Wang

Building the core competitiveness and improving the innovation performance of the team is becoming increasingly important to keep pace with changing economic environments and emerging technological opportunities. However, the dark side of knowledge transfer can lead to a series of harmful consequences which will destroy the core competitiveness and creativity of the team, even will reduce the innovation performance of the team. And the literature on the dark side knowledge transfer is very… více

Strategic management, scenario analysis and competitive advantage analysis: New opportunities for anti-money laundering system reform

Serhiy Lyeonov, Yurii Bilan, Olha Kuzmenko, Olena Krukhmal, László Vasa

The article identifies and mathematically substantiates vectors of reforming the financial monitoring system based on the synergistic approach in the cross-country context by developing scenarios by selecting internal and external factors that stimulate money laundering. The key external and internal factors of the money laundering process intensification are indicated. Competitive advantages of the anti-money laundering processes, the achievement of which is possible in terms of key external… více
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