Current issue

Different modelling approaches of tax revenue performance: The case of Baltic countries

Vera Mirović, Branimir Kalaš, Nada Milenković, Jelena Andrašić

Tax revenue performance represents one of the most essential issues to every government when creating and profiling fiscal policy according to the macroeconomic framework of each country. In particular, this issue comes to the fore in extraordinary circumstances and unstable trends when governments are exposed to greater costs of financing budget deficits and public debts. Tax revenue mobilization shows the government’s ability to collect sufficient revenue to finance government expenditures,…

DOI (& full text): doi.org/10.15240/tul/001/2023-3-002 more

Learning goal orientation and abusive supervision

Hsiao-Yen Mao

Employee learning for competence development is more salient for today’s organizations facing frequent changes from inside and outside, and accordingly, employees’ learning goal orientation (LGO) is noteworthy. This study examines how and why employees’ LGO relates to leadership effectiveness, i.e., employees’ perception of abusive supervision. Competing hypotheses and the mediating mechanisms of a work attitude from LGO, i.e., work enjoyment, and a work behavior from LGO, i.e., compliance…

DOI (& full text): doi.org/10.15240/tul/001/2023-3-003 more

Perception regarding European Green Deal challenges: From environment to competition and economic costs

Iuliana Claudia Stoian (Bobalca), Raluca Irina Clipa, Mihaela Ifrim, Anca Elena Lungu

The objective of sustainable development cannot leave aside the relevance of short-term benefits, long-term negative externalities, and opportunity costs of actions implied by the complex relation economy-society-environment. The transition to a green economy cannot be based exclusively on win-win solutions for all involved parties but requires taking into consideration potential trade-offs between several objectives. The EU strategy for achieving sustainable development and energy security is…

DOI (& full text): doi.org/10.15240/tul/001/2023-3-001 more

The importance of Industry 4.0 technologies when selecting an ERP system – An empirical study

Martin Polívka, Lilia Dvořáková

The paper deals with the issue of the impact of the “Industry 4.0” concept on the process of selection of the enterprise resource planning (ERP) system. Firstly, review of the literature regarding the ERP system selection is presented, with the emphasis on the role of the new technologies in such selection. Secondly, the content of the term “Industry 4.0” is discussed, and put into context with the nature of ERP systems. The main part of the article then presents the results of the survey…

DOI (& full text): doi.org/10.15240/tul/001/2023-3-004 more

Has COVID-19 affected the organisational culture of non-governmental organisations?

Marie Mikušová, Petra Rydvalová, Naděžda Klabusayová, František Konečný

Organisational culture, as one of the key features of any organisation, is related to its performance. This is also true for non-governmental organisations. The purpose of this research is to identify changes in the dimensions of the organisational culture of these organisations caused by the pandemic. Data from 586 respondents, identified through an online OCAI questionnaire, were collected for pre-COVID-19, current, and preferred state. Statistically significant representation of the…

DOI (& full text): doi.org/10.15240/tul/001/2023-3-005 more

Applying an integrated data-driven weighting system – CoCoSo approach for financial performance evaluation of Fortune 500 companies

Nazlı Ersoy

Financial performance evaluation provides information about a firm’s liquidity position, profitability, capital structure and asset utilization. Financial performance evaluation is considered as a multi-criteria decision making (MCDM) problem, as it is a multidimensional concept that is realized by bringing together multiple indicators. This study is aimed to evaluate the financial performance of the Fortune 500 companies by using the integrated data-driven weighting system (IDDWS) – combined…

DOI (& full text): doi.org/10.15240/tul/001/2023-3-006 more

Is banking and finance education producing sector-relevant personnel? Stakeholders’ psychological perceptions toward employment

Ranim El Sayed, Hale Özgit

While many studies have examined factors affecting graduate employability, few have examined the effects of stakeholders’ psychological perceptions. Uncovering the moderating effects of employability skills and experience becomes critical. This study examines the psychological perceptions of graduate programs, graduate employability modelling, interpersonal competencies, and the employability skills and experience required to produce sector-relevant personnel for the banking sector. Using…

DOI (& full text): doi.org/10.15240/tul/001/2023-3-007 more

How to hedge extreme risk of natural gas in multivariate semiparametric value-at-risk portfolio?

Dejan Živkov, Boris Kuzman, Jonel Subić

The COVID-19 pandemic and the war in Ukraine have caused huge price changes in the natural gas market. This paper tries to minimise the extreme risk of natural gas, making two sixasset portfolios, where gas is combined with five developed and emerging European stock indices. We observe extreme risk from the aspect of classical parametric Value-at-Risk measure, but we also propose a new approach and optimise portfolios with semiparametric VaR as a target. Estimating the equicorrelation of t he…

DOI (& full text): doi.org/10.15240/tul/001/2023-3-008 more

Multilateral development banks – Strategic actors in the new economy?

Dan Costin Niţescu, Valentin Murgu, Simona Beatrice Manolache

The paper addresses the role of multilateral development banks in the new economic paradigm, built in the context of multiple crises with global impact. Multilateral development banks, in their capacity as promoters of governments’ policies are “invited/expected” to play a key role in the new geopolitical architecture, holding a competitive advantage in the provision of finance, which is linked to the design and implementation of structural reforms and programs of strengthening institutions…

DOI (& full text): doi.org/10.15240/tul/001/2023-3-009 more

Discovering the mindsets of the luxury recycling phenomenon

Ardita Todri, Petraq Papajorgji

This study focuses on two main luxury items recycling issues. First, understanding customers’ attitudes toward recycling luxury items via e-business and second, discovering e-platforms configurations used. This study considers as input parameters consumers’ age and gender. Thus, an online survey implementing a mind genomics experiment was delivered to 4,320 international consumers regardless of whether they have experienced or not recycling luxury items via e-commerce channels. Only 3,624…

DOI (& full text): doi.org/10.15240/tul/001/2023-3-011 more

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…