{"title":"DOES CULTURAL ECONOMICS AFFECT COUNTRY’S COMPETITIVENESS?","authors":"Kristina Astikė","doi":"10.3846/bmee.2022.17308","DOIUrl":"https://doi.org/10.3846/bmee.2022.17308","url":null,"abstract":"Purpose – the purpose of the article is to identify factors of cultural economics and examine their impact on countries’ competitiveness. Research methodology – in this study, the following factors have been determined to affect the competitiveness of the European Union countries: cultural employment by age (18–65), general government expenditure on cultural services, households expenditure on cultural goods, persons working as creative and performing artists, authors, journalists and linguists engaged in individual activity and employment. Panel data, which are processed with the Gretl software, are used for the study. Findings – the results revealed that all the distinguished factors affect the competitiveness of the European Union countries; however, general government expenditure by function has the most significant effect. Research limitations – the article analyses all countries of the European Union except Romania because there is a lack of statistical data on this country, which interferes with the research. Practical implications – as cultural economics is linked to both the public and private sectors, the revenue and the products it generates undoubtedly contribute to the country’s economic development and, hence, competitiveness. Originality/Value – cultural economics is an interdisciplinary field of scientific research described and analysed by various authors as the interaction of human-made activities with new technologies, various artistic forms, knowledge, and creativity. Consequently, cultural economics has received more and more attention. However, the factors of cultural economics and their impact on a country’s competitiveness level is a fragmentarily examined topic which shows its originality.","PeriodicalId":412265,"journal":{"name":"Journal Business, Management and Economics Engineering","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125898447","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}
{"title":"CAN CLIMATE-SMART AGRICULTURE HELP TO ASSURE FOOD SECURITY THROUGH SHORT SUPPLY CHAINS? A SYSTEMATIC BIBLIOMETRIC AND BIBLIOGRAPHIC LITERATURE REVIEW","authors":"M. Mork̄unas, Elzė Rudienė, A. Ostenda","doi":"10.3846/bmee.2022.17101","DOIUrl":"https://doi.org/10.3846/bmee.2022.17101","url":null,"abstract":"Purpose – This paper aims to reveal potential research possibilities for enhancing climate-smart agriculture through short supply chains. Research question – How can short supply chains assure food security and the promotion of climate-smart agriculture? Research methodology – Bibliographic and bibliometric coupling techniques were employed using data from 1990–2022. The raw data was processed using the VOSviewer 1.6.18 software version. Findings – The results confirm the positive effect of the systemically important relationship between the short supply chain and food security. Research limitations – Climate-smart agriculture is a complex and multifaceted phenomenon. Additional variables may have moderating and mediating effects on the impact of short supply chains on food security. Practical implications – The results establish the importance of having a short supply chain for food security in different aspects of the process from the harvest to the table. Originality and value – This study confirms the rationale for developing shorter food supply chains to assure food security and climate-smart agriculture when possible.","PeriodicalId":412265,"journal":{"name":"Journal Business, Management and Economics Engineering","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121111197","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}
{"title":"IMPACT OF COVID-19 ON LONG RUN AND SHORT RUN FINANCIAL INTEGRATION AMONG EMERGING ASIAN STOCK MARKETS","authors":"Nikhil Bhardwaj, Nishi Sharma, Anupreet Kaur Mavi","doi":"10.3846/bmee.2022.16344","DOIUrl":"https://doi.org/10.3846/bmee.2022.16344","url":null,"abstract":"Purpose –The study aims at exposing any possible impact of COVID-19 on short-run and long-run financial integration among five emerging Asian economies viz., China, South Korea, India, Indonesia and Taiwan.\u0000Research methodology – Daily closing indices of selected countries have been analyzed from January 2010 – September 2021. The integration among the selected economies has been examined for long-run and short-run through Johansan co-integration and Granger causality tests respectively.\u0000Findings – The analysis revealed that coronavirus weakened integration among nations. The absence of long-run integration was observed after the onset of COVID-19. During pre-covid period, unidirectional as well as bi-directional causal relations were present, but after the outbreak of COVID-19, only South Korea and China reported short-term linkage.\u0000Research limitations – The results are subject to the limitation of limited data and reference period. Further, daily returns of different stock markets are subject to domestic shock which has not been analyzed in the present study.\u0000Practical implications – Since the absence of integration indicates an ample opportunity for risk minimization through international diversification of the portfolio, the results are expected to be very useful for investors, researchers and regulators.\u0000Originality/Value – In present times, researchers are showing keen interest to know the possible impact of COVID-19 on linkages of international financial markets. However in spite of being rapidly growing economies, countries selected in the present study have not been explored much.\u0000The present study aims to bridge this research gap.","PeriodicalId":412265,"journal":{"name":"Journal Business, Management and Economics Engineering","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127736238","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}
{"title":"INVESTIGATION OF THE FEASIBILITY OF INCLUDING DIFFERENT CRYPTOCURRENCIES IN THE INVESTMENT PORTFOLIO FOR ITS DIVERSIFICATION","authors":"Lina Juškaitė, Laura Gudelytė-Žilinskienė","doi":"10.3846/bmee.2022.16883","DOIUrl":"https://doi.org/10.3846/bmee.2022.16883","url":null,"abstract":"Purpose – the main aim of this article is to identify cryptocurrencies suitable for investment and portfolio diversification.\u0000Research methodology – the methodology of empirical research includes methods of scientific literature analysis, statistical data analysis, multicriteria evaluation, correlation analysis.\u0000Findings – Bitcoin is the leading cryptocurrency, but this result could have been due to an exceptionally high market capitalization. Based on the results of the analysis, the inclusion of Bitcoin, Etherium and Dogecoin in the investment portfolio of S&P500, Euro Stoxx 50, DAX and CAC 40 indexes could be considered. Terra could be an interesting investment when considering the benefits of diversification.\u0000Research limitations – based on the results of the study, the inclusion of all studied cryptocurrencies in the investment portfolio could be considered in order to diversify the portfolio, taking into account their investment attractiveness.\u0000Practical implications – Cryptocurrencies attract investors not only because of the returns they receive, but also because of the absence of intermediaries, which allows them to reduce transaction costs. High returns are associated with high risks, so it is necessary to conduct as much research as possible to identify the benefits of cryptocurrencies and to find risk management strategies. One such benefit of cryptocurrencies highlighted in research is diversification.\u0000Originality/Value – the novelty of the study lies in evaluation of 10 selected cryptocurrencies according to different criteria using a multi-criteria valuation method to identify cryptocurrencies that are non-correlated or weakly correlated with traditional assets and the most suitable for investment and for portfolio diversification.","PeriodicalId":412265,"journal":{"name":"Journal Business, Management and Economics Engineering","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125388878","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}
{"title":"THE INFLUENCE OF SUPPLY CHAIN MANAGEMENT PRACTICES ON SUPPLY CHAIN PERFORMANCE: THE MODERATING ROLE OF INFORMATION QUALITY","authors":"Jehad Bani Hani","doi":"10.3846/bmee.2022.16597","DOIUrl":"https://doi.org/10.3846/bmee.2022.16597","url":null,"abstract":"Purpose – The main aim of this investigation is to introduce a framework for combining information quality concerning with contextual and representational relevance, and intrinsic accuracy in supply chain management practices to develop supply chain performance in Saudi companies.\u0000Research methodology – Inferential technique used to examine the interplay between constructs of the study. SEM was run in order to assess and estimate the causal relationship among variables.\u0000Findings – The significant effect of information quality on SCP as well as the significant effect of SCMPs on SCP. Furthermore, it was found that the information quality could significantly moderate the interplay between SCP and SCMPs.\u0000Research limitations – This study conducted on 150 Saudi manufacturing companies during the year 2021, in future, the findings can be adapted for other sectors of the Saudi economy.\u0000Practical implications – This study has implications for the industrial managers and key personnel. The study provides strong evidence revealing that higher level of integration between SCMPs and quality of information can lead to enhanced supply chain performance.so the proposed model can be used in the practical activities of service sectors In the future; it is possible to change and/ or add key variables and further expand the field of use of the model.\u0000Originality/Value – The study contributed in determining main practices of supply Chan management in industrial sector of Saudi Arabia considering their influence on supply chain performance, as well as this study contributed in showing the engagement of information quality in supply chain management.","PeriodicalId":412265,"journal":{"name":"Journal Business, Management and Economics Engineering","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127426981","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}
{"title":"E-COMMERCE FROM THE CUSTOMER PANEL: THE PHENOMENON OF THE PANDEMIC INCREASE AND FUTURE CHALLENGE","authors":"Anna Jasińska-Biliczak","doi":"10.3846/bmee.2022.16752","DOIUrl":"https://doi.org/10.3846/bmee.2022.16752","url":null,"abstract":"Purpose – the purpose of the article is to present the customers (the auction site’s users) perception of the opportunities provided by e-commerce, especially increasing its meaning during the pandemic conditions and to conclude the ways of e-commerce development in the future. Research methodology – the methodology was based at desk research and the survey conducted in April 2021 among online users of Allegro on-line platform by the one of the basic quantity methods, the CAWI method (by the questionnaire survey) supported by statistic method. Findings – the increasing role of e-commerce in people’s lives as well as the pandemic increasing e-commerce growth effect, it can therefore be crucial for the country’s market position and its developmental perspectives. Some customers habits, especially greater savings regimes, more careful approach to spending, but also on-line shopping, will stay with them even after the pandemic. Research limitations – the research is limited to the leading, but one, on-line platform one of the TOP-10 on-line platforms however, because of the market coverage, it is representative for the examined branch. Other limitation is the pandemic period which may present the data characteristic only for this time. Practical implications – nowadays, especially developed by the pandemic and lockdown all over the world, the e-trade has spread its development. The practical implication may be using the results of the research in practice by the on-line shops owners/managers. Originality/Value – the value of the study is the realistic approach while attempting to provide a clear view of the overarching picture of the e-trade and directions of its development, especially after pandemic experience. The originality also is that the research conducted not only It has also shown that online commerce transactions are conducted not only at young people probe, but at the probe representative for whole society, including elderly people. The study fulfils the gap at e-commerce research due to the often proclaimed lack of attitude of older people towards e-commerce or pointing them as the age group’s digital exclusion.","PeriodicalId":412265,"journal":{"name":"Journal Business, Management and Economics Engineering","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128345100","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}
{"title":"FINANCIAL PERFORMANCE – DETERMINANTS AND INTERDEPENDENCIES BETWEEN MEASUREMENT INDICATORS","authors":"M. Tudose, V. Rusu, S. Avasilcai","doi":"10.3846/bmee.2022.16732","DOIUrl":"https://doi.org/10.3846/bmee.2022.16732","url":null,"abstract":"Purpose – the study has a dual purpose. First, to assess the impact of the most important determinants of financial performance, which have been measured through four generations of indicators. In addition, the study provides the first quantification of interdependencies between different financial performance measures: profit margin (PM), profit growth rate (PGR), return on assets (ROA), return on equity (ROE), and economic value added (EVA). Research methodology – the primary data was collected from the AMADEUS database. Empirical research was conducted on a relatively homogeneous sample from the automotive industry, using the panel data method for the period 2010–2019. Two models were tested. The first model highlights the relationships between performance measures and selected determinants. The second model highlights the relationship between the different performance measures and the determinants used in the first model. Findings – the determinants analysed have different influences on the selected performance measures. For example, in the first model, the results statistically significant indicated the following. The current ratio has a positive influence on ROA, but a negative one on ROE and EVA. Gearing has a negative influence on PM and ROA, but a positive one on EVA. The growth rate of sales has a positive influence on PM, but a negative one on ROA and EVA. The size of the company has a positive influence on three performance measures (PM, ROA, and EVA). Regarding the relationships between the different performance measures (second model), the research indicates that EVA is negatively influenced by PGR and ROA. In this model, the determinants analysed maintain their meaning and intensity of influences. Research limitations – the article has several limitations. The representativeness of the results is valuable only at the level of the researched industry. In addition, it should be noted that the analyses are focused only on financial performance, assessed by accounting measures. The authors are considering conducting comparative analyses at the level of fields/branches of activity to capture not only the impact of determinants on financial performance but also to assess organizational resilience. Practical implications – The research provides clues to managers and financial decision-makers to increase the financial performance of the companies they lead. Originality/value – the originality of the study lies in the presented methodological approach. Unlike previous research, which usually evaluated performance on only one indicator, this paper aims to assess the impact of the most important determinants on five performance measures. In addition, the analysis of the interdependencies between the different performance measures is another novelty of this research.","PeriodicalId":412265,"journal":{"name":"Journal Business, Management and Economics Engineering","volume":"90 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121485423","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}
{"title":"THE MACROPRUDENTIAL MEASURES FOR MITIGATING THE EFFECTS OF THE PANDEMIC CRISIS IN TOURISM ECONOMIES","authors":"Petra Popek Biškupec, Suzana Herman, I. Ružić","doi":"10.3846/bmee.2022.15738","DOIUrl":"https://doi.org/10.3846/bmee.2022.15738","url":null,"abstract":"Purpose – The paper evaluates the applied macroprudential measures in selected countries by testing their efficiency in tourism and reducing the revenue gap in tourism sector during the pandemic crisis. Research methodology – The effects of macroprudential policy were tested using the Granger causality test and PVAR model. The research used data from the period 2019 to 2022 by quarters. The impulse response function evaluated the long run impact of macroprudential policy on performance of tourism entities. Findings – The results confirm the positive effect of systemically important institutions buffer (SIB) on reducing the losses in tourism. The impulse response showed the significant impact of SIB on revenue gap (RG) reduction. Research limitations – The research has limitations regarding to the short period of observation. The additional variables can be entered into the model. Practical implications – The results serve the policy makers for shaping the measures for recovery policies and maintaining long-term economic stability. The findings are useful as they can serve as a guide in designing measures to help the tourism recovery. Originality/Value – The contribution of this study is reflected in providing scientific evidence of macroprudential measures effectiveness for several countries and routing policies for tourism recovery.","PeriodicalId":412265,"journal":{"name":"Journal Business, Management and Economics Engineering","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133805927","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}
Jarmila Duháček Šebestová, Radek Kowala, Ana Iolanda Vodă, Ana-Maria Bercu
{"title":"THE COMPETENCY MODELS IN BUSINESS STUDENTS AND BUSINESS OWNERS: A CROSS-NATIONAL CASE STUDY OF CZECHIA AND ROMANIA","authors":"Jarmila Duháček Šebestová, Radek Kowala, Ana Iolanda Vodă, Ana-Maria Bercu","doi":"10.3846/bmee.2022.15300","DOIUrl":"https://doi.org/10.3846/bmee.2022.15300","url":null,"abstract":"Purpose – The main goal is to compare and contrast the expectations of millennials, which skills will be needed for business in contrast to the entrepreneurial experience of the focus group of eight successful entrepreneurs from each country.\u0000Research methodology – A cross-national case study is made, based on two focus groups per country (80 business students and eight entrepreneurs from the Czech Republic and Romania), qualitative research findings are presented.\u0000Findings – Two competency models were evaluated, when the Romanian model is mostly motivation-oriented and the Czech model is performance-oriented.\u0000Research limitations – Future studies should use an extended research sample and compare various methods for teaching entrepreneurship to students from different study areas and compare the impact of education on their mind-set before and after business courses finish.\u0000Practical implications – The development of competency models in cooperation with experienced entrepreneurs would have the potential to increase students’ willingness to start up and prepare tailored business education. Possibility to create own generic models.\u0000Originality/Value – The originality could be seen in comparison of two focus groups – students and entrepreneurs – which have not been done before from a conflict comparison point of view.","PeriodicalId":412265,"journal":{"name":"Journal Business, Management and Economics Engineering","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126266115","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}
{"title":"THE INFLUENCE OF MEDIA ON IMPULSIVE BUYING IN THE ERA OF THE COVID-19 PANDEMIC","authors":"Zrinka Blažević Bognar, N. Puljić","doi":"10.3846/bmee.2022.15919","DOIUrl":"https://doi.org/10.3846/bmee.2022.15919","url":null,"abstract":"Purpose – With the appearance of COVID-19, epidemiological measures were implemented which significantly changed the customer behaviour. Media became an important source of information. The fear phenomena in the lockdown era compelled consumers to buy impulsively. Therefore, this paper determines the changes in consumer behaviour in the era of the pandemic and the influence of media on consumer’s impulsive buying during lockdown.\u0000Research methodology – The research was carried out with a questionnaire (N = 298). The descriptive, multivariate, and correlation analysis, and the t-test were used to process primary data to confirm changes in consumer behaviour.\u0000Findings – The research results show that impulsive buying does exist during a lockdown and is influenced by media. Such indicators give a clear direction for creating marketing campaigns in future crises.\u0000Research limitations – The research sample was random so, to prove hypothesis H2, the database of the intensity of buying in lockdown needed to be filtered out so only impulsive buyers could be selected (n = 89).\u0000Practical implications – The findings could help in the creation of future marketing campaigns in crises.\u0000Originality / Value – This research gives a new look at consumer behaviour in crises, the intensity of fear influence, and the influence of media on consumer behaviour.","PeriodicalId":412265,"journal":{"name":"Journal Business, Management and Economics Engineering","volume":"108 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131565887","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}