Current issue

Digital payments as an indicator of financial inclusion in Euro Area countries

Tamara Petrikova, Kristina Kocisova

The process of digitisation in the financial sector is developing through the systematic introduction of computer systems, the establishment of Internet connectivity and the use and ownership of various information and communication devices. Information and communication technologies can increase the desired degree of financial inclusion in a country by increasing the availability of various financial services. This study examines the individual attributes that can affect financial inclusion in…

DOI (& full text): doi.org/10.15240/tul/001/2024-5-004 more

Utilization of time-driven activity-based costing and process simulation in cost management of organization

Michal Halaska, Roman Sperka

The deployment of information and communication technologies in organizations is on the rise. Many organizations consider the application of technologies to be a crucial key to improve their processes. However, traditional costing systems are not suitable for cost estimation of business processes due to the use of volume-based cost drivers, which are often not adequate for the structure of today’s organizations. In this research, we present an overview of how the TDABC (time-driven activity…

DOI (& full text): doi.org/10.15240/tul/001/2024-5-007 more

Natural resources and the underground economy: A cross-country study in ASEAN using Bayesian approach

Thach Ngoc Nguyen, My Ha Tien Duong, Diep Van Nguyen

The development of the underground economy can significantly affect a country’s economic indicators. Although there have been different studies on this phenomenon, many aspects of underground activities remain incompletely defined. Therefore, the current research aims to supplement the existing literature by analyzing the link between abundant natural resources and the scope of the underground economy. To accomplish this objective, we collected panel data from ten Association of Southeast Asian…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-001 more

Decision-making on the job choice in the condition of Slovak households

Jan Kollar, Marian Kika, Barbora Mazurova

Getting, keeping as well as changing jobs are the moments in a person’s life associated with not only the search and evaluation of the options but also with selection and decision-making. The article is one of the few in the Slovak Republic that deals with the issue of decision-making on the job choice in households, thus bringing new point of view into the knowledge about the Slovak labor market. The aim of the article is to analyse the decision-making process on the job choice of members of…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-002 more

Medical device regulation and its impact on the industry: A case study of Czech companies

Jan Maci, Martin Matejicek, Lukas Peter, Frank Lefley, Petra Maresova

The implementation of regulations is often seen as a necessary tool to mitigate market failures and safeguard consumer interests. The Medical Device Regulation (MDR) is a recent regulation specifically designed for the production of medical devices, aiming to ensure their safety and effectiveness. This article focuses on Czech companies and seeks to examine and quantify the effects of the MDR on their operations, considering both economic and procedural impacts. Through the analysis of primary…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-003 more

Managers’ attitudes as a critical success factor of kaizen

Mirjana Todorovic, Milan Cupic, Dejan Jovanovic

The purpose of our study is to examine the manager’s attitudes towards different aspects of kaizen, their commitment to the idea of kaizen, and their attitudes towards the motivation and participation of employees. We use a questionnaire to investigate the attitudes of 124 managers – 62 economists and 62 engineers, from 62 manufacturing companies operating in Serbia. We employ exploratory factor analysis (EFA) and Mann-Whitney’s U test. We find a moderate level of managers’ agreement with the…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-005 more

The role of leadership in managing digital transformation: A systematic literature review

Lazar Rakovic, Slobodan Maric, Lena Djordjevic Milutinovic, Vuk Vukovic, Radmila Bjekic

Digital transformation should not be seen as a time-bound project, but rather as a process that needs to be continuously improved and managed over time. In the absence of leadership, digital transformation will occur spontaneously in an organisation, but it is necessary to monitor and manage the process itself to achieve the goal and establish a digital organisation. A person who leads the digital transformation must possess the appropriate competencies. Leadership competencies, especially the…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-006 more

An attempt to resolve no-wait flow shop scheduling problems using hybrid ant colony and whale optimization algorithms

Reza Rostamzadeh, Arezou Gholipour, Mohammad Reza Komari Alaei, Edmundas Kazimieras Zavadskas, Jonas Saparauskas

The incentive for many developments and scientific progresses within the field of scheduling has emerged from industrial environments, and naturally, it could be utilized in expressing the scheduling concepts regarding terms used in the industry. Generally speaking, scheduling problems are known as limited optimization issues through which decisions related to the machines’ assignment and works processing sequence are probed. Thus, following a review of the related literature, the major goal of…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-007 more

The importance of corporate image and social responsibility for consumer engagement in sustainable consumption

Dalia Streimikiene, Ilona Kiausiene, Greta Makunaite

Rampant consumption and society’s growing demands are leading to ever-deteriorating quality of environment and life. Changing consumption patterns is essential to reduce the effects of climate change and create a more sustainable environment for generations to come. The rise of fast fashion is leading to overconsumption of clothing and textiles, which leads to high levels of pollution. In order to promote public awareness and the implementation of sustainability in all areas of life, companies…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-008 more

Regional COVID-19 cases and Bitcoin volatility: Assessment through the Markov switching prism

Dat Minh Phan, Sinh Duc Hoang, Tung Duy Dao, Tien Phat Pham

The 21st century has become the century of technology, which has spread to the currency market, presenting the international economic system with a new challenge – the challenge created by digital currency, which has determined a change in the rules of operation in the market. The main property of cryptocurrencies in general, and Bitcoin in particular, is constant volatility and mutual sensitivity to each other. This article aims to analyze the cryptocurrency market landscape from both short…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-009 more

Investigating the determinants and effects of prestige sensitivity in fashion retailing

Ivan-Damir Anic, Ivana Kursan Milakovic, Mirela Mihic

Targeting the prestige fashion segment enables fashion retailers to continue growing while facing a challenging environment. To attract prestige-sensitive consumers, it is important to understand their buying motivations and responses to retail actions. Thus, this paper examines the motivational predictors and effects of prestige sensitivity in fashion retailing, using the symbolic self-completion theory as a framework. It also explores the moderating role of fashion innovativeness. The data…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-011 more

Exploring travel agencies customers’ loyalty motives throught machine learning analysis

Andrzej Dudek, Daria E. Jaremen, Izabela Michalska-Dudek, Pavlina Pellesova

This article focuses on identifying the directions of changes in the decision-making process of purchasing package travels and the motives determining this purchase, as well as the impact of these motives on the affective, behavioral and global loyalty of travel agency customers during the COVID-19 pandemic. To achieve the research goal, a literature review and field research were con ducted. In the case of secondary sources, the content analysis method was used to examine them, while data from…

DOI (& full text): doi.org/10.15240/tul/001/2024-2-012 more

To trust or not to trust ICT? Empirical model of relation between career readiness, trust, and distrust

Elzbieta Kowalczyk, Dagmara Lewicka, Pawel Zajac

In this study, the authors focus on two issues: the influence of technology trust and distrust on career readiness and the identification of these trust and distrust factors determined by the respondent’s gender. To achieve this goal, the authors collected data using the survey method. The study was conducted among 871 Polish university students aged 18 to 25. Structural equation modeling was used to show potential causal dependencies between variables. The study provides valuable insight into…