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Production functions in the sector of knowledge intensive services 知识密集型服务业的生产功能
Trendy v podnikani Pub Date : 2021-01-01 DOI: 10.24132/JBT.2020.10.3.50_56
Simona Hašková, P. Šuleř, Lukáš Frýd
{"title":"Production functions in the sector of knowledge intensive services","authors":"Simona Hašková, P. Šuleř, Lukáš Frýd","doi":"10.24132/JBT.2020.10.3.50_56","DOIUrl":"https://doi.org/10.24132/JBT.2020.10.3.50_56","url":null,"abstract":": The sector of knowledge intensive services is very often neglected, although it is very important for today's economy – it is highly innovative, fast-growing and usually provides highly paid and stimulating employment, involved in the creation and transfer of knowledge. It provides knowledge-intensive inputs to other entities in the private and public sectors. It deals with activities concerned primarily with human capital, thanks to the knowledge and skills of employees who are available to other companies. The aim of the article is to estimate the Cobb-Douglass production function for the knowledge intensive services sector and to compare it with the production function of the manufacturing sector which is one of the decisive sources of gross domestic product. Data for the period 1995-2018 in the annual frequency come from the database of the Czech Statistical Office. The output of the industry is measured as gross output at current prices, the amount of capital expressed by means of Gross fixed capital formation and work as employment in the sector. The change in capital per worker has the highest impact on output in the case of the manufacturing industry, which is dependent on physical capital. In the case of the fields of information and communication activities and professional, scientific and technical activities, the increase in the capital adequacy of work will be reflected in a lower increase in output per worker. These sectors are linked to human capital, so the non-inclusion of human capital in the production function leads to misleading results.","PeriodicalId":30792,"journal":{"name":"Trendy v podnikani","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69079443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Stock market risk measured by VaR nad CVaR: A comparison study 用VaR和CVaR衡量股票市场风险的比较研究
Trendy v podnikani Pub Date : 2021-01-01 DOI: 10.24132/JBT.2020.10.4.41_48
J. Málek, T. Quang
{"title":"Stock market risk measured by VaR nad CVaR: A comparison study","authors":"J. Málek, T. Quang","doi":"10.24132/JBT.2020.10.4.41_48","DOIUrl":"https://doi.org/10.24132/JBT.2020.10.4.41_48","url":null,"abstract":"VaR and CVaR are effective quantitative measurement of market risk. These measures can quantify the risk of unexpected changes within a given period. In this paper, we examine the market risk of four stock indices: the Czech PX, the Austrian ATX, the London FTSE, and the American S&P 500. First, the returns of these indices are approximated using two distributions showing semi-heavy tails: a t- distribution and a normal inverse Gaussian distribution. For comparison, the normal and empirical distributions are also included since they often work as convenient alternatives. Subsequently, the VaR99 and CVaR97.5 values corresponding to four candidate distributions are calculated for each index. We also analyze the ability of theoretical distribution to approximate the left tail behavior of stock market indices returns. It turns out that the normal distribution is not suitable for this purpose. Furthermore, it appears that CVaR97.5 is higher (in absolute value) for all indices than the corresponding VaR 99, which may require higher need for economic capital, which banks should allocate.","PeriodicalId":30792,"journal":{"name":"Trendy v podnikani","volume":"10 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69079605","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Propojení VSM a VSM 4.0 Propojení VSM a VSM 4.0
Trendy v podnikani Pub Date : 2021-01-01 DOI: 10.24132/jbt.2021.11.2.50_59
Iveta Slancová
{"title":"Propojení VSM a VSM 4.0","authors":"Iveta Slancová","doi":"10.24132/jbt.2021.11.2.50_59","DOIUrl":"https://doi.org/10.24132/jbt.2021.11.2.50_59","url":null,"abstract":"The current situation in the market caused by COVID-19 pandemic brings new challenges. Lean management showed its deficiency in the form of low stock (JIT/JIS) already during the tsunami in 2011 in Japan, when the leader in LEAN Toyota withdrew from zero stock in order to be able to respond agilely to serious supply disruptions. The current unfavourable situation is a global problem that brings new requirements to ensure the competitiveness of companies. A possible response to this situation is provided in this article, which shows an example of the implementation of VSM (Value Stream Mapping) in a company operating in the automotive industry. VSM is based on the elimination of waste in the value stream, mainly in the case of material flow, which raises question of whether it is currently beneficial to eliminate stocks to a minimum. A new term VSM 4.0 has emerged, which is more suitable for current situation. It brings the benefits of digitization and industry 4.0 and aims to eliminate waste in information flows. The aim of this article is to elaborate a VSM map of the current and future state (VSD) and point out other possible savings in an optimized process thanks to VSM 4.0 so that the company is able to respond effectively to customer demands and maintain a competitive advantage despite the necessary stock levels in the warehouses.","PeriodicalId":30792,"journal":{"name":"Trendy v podnikani","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69081419","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Srovnání přístupů ke správě a strategii rozvoje nemovitostí ve vlastnictví obcí 市政房地产管理方法与发展战略比较
Trendy v podnikani Pub Date : 2021-01-01 DOI: 10.24132/jbt.2021.11.3.16_22
Jarmila Ircingová, Jan Tlučhoř
{"title":"Srovnání přístupů ke správě a strategii rozvoje nemovitostí ve vlastnictví obcí","authors":"Jarmila Ircingová, Jan Tlučhoř","doi":"10.24132/jbt.2021.11.3.16_22","DOIUrl":"https://doi.org/10.24132/jbt.2021.11.3.16_22","url":null,"abstract":"The paper deals with the comparison of approaches to the real estate management in selected municipalities of the Czech Republic. Individual municipalities can choose different ways of property management from ad hoc management by the mayor to outsourcing of administration to an external organization, depending on the size of the municipality, the size of the property or the habits in the state. The aim of the paper is to compare the similarities and the differences of property management in selected municipalities. In the next part, the paper focuses on the method of strategic planning and implementation of municipal strategies in the real estate use. The authors base the paper on the analysis of strategic documents of municipalities or higher self-governing units, which contain a plan for the use and the development of real estate in municipal ownership.","PeriodicalId":30792,"journal":{"name":"Trendy v podnikani","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69081824","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Připravenost podniků na vzdělávání zaměstnanců s využitím ICT – porovnání zemí Visegrádské čtyřky 企业利用信通技术进行员工培训的准备情况——维谢格拉德四国的比较
Trendy v podnikani Pub Date : 2021-01-01 DOI: 10.24132/jbt.2021.11.1.41_48
Monika Volfová
{"title":"Připravenost podniků na vzdělávání zaměstnanců s využitím ICT – porovnání zemí Visegrádské čtyřky","authors":"Monika Volfová","doi":"10.24132/jbt.2021.11.1.41_48","DOIUrl":"https://doi.org/10.24132/jbt.2021.11.1.41_48","url":null,"abstract":"The rapid growth and use of information and communication technology tools affect both private and business activities. In order to maintain their position, companies invest in their employees, especially in their lifelong training in the field of ICT skills development. This paper examines how companies from the Visegrad Four countries are prepared for employee training using ICT. The aim of the paper is to examine the extent to which companies in these countries provide training to develop or improve ICT skills, what is the level of digital skills in each country and what proportion of companies employ ICT specialists. At the end of the paper, a linear regression is performed to confirm or reject the positive relationship between the three variables – Human Capital, Use of Internet Services and data about enterprises that provide training in order to develop or upgrade the ICT skills of their employees. Data from Community survey on ICT usage in enterprises were collected from Eurostat. Data on the Digital Economy and Society Index (DESI) were collected for comparative analysis. The results suggest that there is no positive relationship between ICT employee training and indicator Human Capital from the DESI index but there is positive relationship between ICT employee training and indicator Use of Internet Services.","PeriodicalId":30792,"journal":{"name":"Trendy v podnikani","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69079766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Rozdílnost vnímání úrovně wellbeing v pracovním prostředí zaměstnanci a manažery 员工和管理者对工作环境中幸福水平的感知差异
Trendy v podnikani Pub Date : 2021-01-01 DOI: 10.24132/JBT.2020.10.3.30_38
F. Konečný
{"title":"Rozdílnost vnímání úrovně wellbeing v pracovním prostředí zaměstnanci a manažery","authors":"F. Konečný","doi":"10.24132/JBT.2020.10.3.30_38","DOIUrl":"https://doi.org/10.24132/JBT.2020.10.3.30_38","url":null,"abstract":": Wellbeing is a popular key term in professional and non-professional literature. Due to the widespread use of this term, it is possible to find different approaches to evaluating the level of wellbeing employees in an organization. The reason is also the frequent connection of wellbeing with job satisfaction or employee performance. Although experts do not always agree on the impact of specific human resource management approaches on employee wellbeing, there are many practical approaches to influencing wellbeing. The problem, however, is to determine the level of well-being workers themselves, as well as the different views of managers and employees themselves. Using a questionnaire survey in the organizational environment in the Czech Republic, the approach to wellbeing according to managers and employees was examined. Subsequently, the survey serves to clarify the differences in the perceived level of wellbeing according to the relevant groups.","PeriodicalId":30792,"journal":{"name":"Trendy v podnikani","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69078978","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Vliv členství v Klastru Mechatronika na finanční výkonnost podnikatelských subjektů 机电一体化集群成员对企业财务绩效的影响
Trendy v podnikani Pub Date : 2021-01-01 DOI: 10.24132/JBT.2020.10.4.29_33
Natalie Pelloneová
{"title":"Vliv členství v Klastru Mechatronika na finanční výkonnost podnikatelských subjektů","authors":"Natalie Pelloneová","doi":"10.24132/JBT.2020.10.4.29_33","DOIUrl":"https://doi.org/10.24132/JBT.2020.10.4.29_33","url":null,"abstract":"This paper addresses the impact which could have the membership of some enterprises in an institutionalized cluster on their financial performance. The research file consists of founding enterprises from the Mechatronic Cluster. This cluster was established as a result of a cluster initiative in 2011. Enterprises that create the core of the cluster do business in industries with the following statistical classifications: CZ-NACE 251100, 256000 and 332000. As criteria for assessing financial performance the indicator EVA was used. For the assessment of financial performance the DEA method is applied with two inputs and one output. The aim of the research was to verify the statement that business entities’ membership in the cluster organisation translates into improved financial performance in a time series.","PeriodicalId":30792,"journal":{"name":"Trendy v podnikani","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69079312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Family Business Succession in the V3 Countries V3国家的家族企业继承
Trendy v podnikani Pub Date : 2021-01-01 DOI: 10.24132/jbt.2021.11.2.14_25
Martin Luštický, M. Musil
{"title":"Family Business Succession in the V3 Countries","authors":"Martin Luštický, M. Musil","doi":"10.24132/jbt.2021.11.2.14_25","DOIUrl":"https://doi.org/10.24132/jbt.2021.11.2.14_25","url":null,"abstract":"This paper reacts on one of the main issues the family businesses are facing with – handling the business succession process. The aim of the paper is to analyze the process of family business handover and its support from a side of the regional authorities in the South Bohemia Region (Czech Republic), the Presov Region (Slovakia) and the Mazowiecke Region (Poland). The research framework combines face-to-face interviews and impersonal questionnaire survey to obtain data. It applies standard management data analyzing methods to identify the key strategic objectives and tasks for facilitating and sustaining the family businesses and the business succession process. The objectives and tasks are structured in the following areas: (I) Information Gathering & Monitoring, (II) Planning & Implementation, (III) Support & Facilitation, (IV) Cooperation & Coordination. In addition, the tasks are enriched of various good practices from analyzed regions to enhance their impact in practice.","PeriodicalId":30792,"journal":{"name":"Trendy v podnikani","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69080930","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Work productivity in the sector of knowledge intensive services in relation to work productivity in the manufacturing industry 知识密集型服务业的劳动生产率与制造业劳动生产率的关系
Trendy v podnikani Pub Date : 2021-01-01 DOI: 10.24132/JBT.2020.10.4.4_8
J. Vrbka, Z. Rowland, Lukáš Frýd
{"title":"Work productivity in the sector of knowledge intensive services in relation to work productivity in the manufacturing industry","authors":"J. Vrbka, Z. Rowland, Lukáš Frýd","doi":"10.24132/JBT.2020.10.4.4_8","DOIUrl":"https://doi.org/10.24132/JBT.2020.10.4.4_8","url":null,"abstract":"The manufacturing industry represents the most important part of gross output in the Czech Republic. In the long run, it is necessary for the Czech industry to be competitive. At the same time, it can be assumed that foreign pressure on the Czech manufacturing industry will at least partially transform into pressure on professional and scientific activities. Science and research thus play a key role. The aim of the article is to analyse the impact of work efficiency in the branch of professional, scientific, technical, administrative and support service activities (i.e. sections M and N of the CZ NACE classification of economic activities) on the manufacturing industry (section C). Productivity is measured as gross value added to the labor. The quarterly data of the Czech Statistical Office for the period 1995-2020 are used for the analysis. Time series are processed using a Census X12 filter; all variables are tested using the ADF test in two variants for the presence of a unit root. The testing of the long-term relationship is conducted by means of the Johansen test. The results show that both productivity delays in sector C and sectors M and N have a statistically significant impact on productivity in sector C. However, a positive productivity shock in sector C has a negative impact on current productivity and, conversely, a positive shock in productivity in branch M + N in t-1 is positively reflected in branch C at time t.","PeriodicalId":30792,"journal":{"name":"Trendy v podnikani","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69079381","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Fondová schémata jako možná řešení finanční udržitelnosti dánského penzijního systému 基金计划是丹麦养老金制度财务可持续性的可能解决方案
Trendy v podnikani Pub Date : 2021-01-01 DOI: 10.24132/JBT.2020.10.4.49_60
Jan Pokorný, Pavlína Hejduková
{"title":"Fondová schémata jako možná řešení finanční udržitelnosti dánského penzijního systému","authors":"Jan Pokorný, Pavlína Hejduková","doi":"10.24132/JBT.2020.10.4.49_60","DOIUrl":"https://doi.org/10.24132/JBT.2020.10.4.49_60","url":null,"abstract":"The financial sustainability of pension systems is one of the crucial topics in the context of population aging. The issue of financial sustainability is primarily associated with public unfunded pension schemes, where there is an increase in future expenditures and a reduction in income due to the demographic structure. A possible solution to this problem is represented by the introduction of fund schemes into the design of the pension system which is recommended by the World Bank. But it brings certain risks for pension systems. An example of the implementation is Denmark, where the public fund scheme ATP exists in the first pillar and the second pillar is funded and managed by private companies. The aim of this paper is to present the Danish pension system with a focus on fund schemes and their differences with emphasis on management. This paper uses a literature review and analysis of quantitative data in the form of a time series. Data are used from Stat Bank and Forsikring & Pension. Next, the synthesis method is used to summarize the findings. The conclusions of the paper provide a basic overview of Danish pension fund schemes and can be an inspiration for possible reforms of pension systems in other countries.","PeriodicalId":30792,"journal":{"name":"Trendy v podnikani","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69079716","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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