Strategic Management最新文献

{"title":"Strategic approach to the territorial distribution of EAFRD projects","authors":"Alexandru Sin, C. Nowak, Yanwen Tan","doi":"10.5937/straman2300043s","DOIUrl":"https://doi.org/10.5937/straman2300043s","url":null,"abstract":"Background: The implementation of the Common Agricultural Policy of the European Union aims at a balanced territorial development and economic convergence of the rural areas. However, in some cases, EU rural funding didn't manage to reduce the gaps between regions, but quite the contrary, the wealthiest regions attracted most of the resources. Purpose: The main objective of the paper was to assess whether EAFRD funding reached the most vulnerable areas. This is a measure of the contribution of CAP to economic convergence. Study design/methodology/approach: Cluster analysis was performed on Galaţi County in Romania. The analysis was performed at LAU level, considering four variables: population, poverty, agricultural area and the value of implemented EAFRD projects. Findings/conclusions: The analysis concluded five clusters, with poorer areas receiving less funding, calling for better development strategies, focused on the central, northern and northeastern parts of the county, where these areas are concentrated. Also, territorial reorganization of rural areas may be necessary in some cases, in order to address the uneven development and poverty. Limitations/future research: The present research focused only on EAFRD funding related to agricultural exploitations. For more precise conclusions and recommendations, further research will also need to include other EAFRD submeasures.","PeriodicalId":43778,"journal":{"name":"Strategic Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85830454","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":"Bibliometric analysis of the literature on evaluation models of the bankruptcy risk","authors":"V. Grosu, Ancuța Chelba, Anatol Melega, Daniel Botez, M. Socoliuc","doi":"10.5937/straman2200035g","DOIUrl":"https://doi.org/10.5937/straman2200035g","url":null,"abstract":"Background: To manage an enterprise effectively, it is necessary to analyze and diagnose its financial condition, an activity that can warn management of dangerous business situations. Topics such as assessing financial position, performance, and risk, especially after situations that involve an economic and financial crisis in the company have been widely discussed in scientific literature. Purpose: The purpose of the research is to highlight the main research trends regarding bankruptcy risk assessment models. Study design/methodology/approach: The research strategy is based on two main directions: the first involves the selection of research papers with topics on Conan & Holder and Taffler models published on WoS between 2007 and 2021 and those published on SCOPUS between 2006 and 2021. The second direction aims to select the relevant papers and perform a content analysis of financial-accounting information of Conan & Holder and Taffler models. Findings/conclusions: The results obtained were concretized in the design of a bibliometric analysis of bankruptcy risk assessment models, which provides an overview of the new research trends regarding bankruptcy risk assessment models. Thus, it was found that most of the studies focus on the analysis of the efficiency of the bankruptcy risk assessment methods and the identification of new options that allow predictability of the risk. Limitations/future research: Our study limitations are mainly due to the bibliometric algorithm, in the sense that only papers indexed in WoS and Scopus can be imported, processed, and interpreted, which excludes parts of the existing literature on this topic and omits the analysis of some pertinent contributions to our research area. This research can be used as a cornerstone for new research directions, both quantitative and qualitative, on the mechanism of application of bankruptcy risk prevention methods.","PeriodicalId":43778,"journal":{"name":"Strategic Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88370321","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":"Blockchain implementation in smart cities: Discussion on performance indicators","authors":"Stojan Ivanišević, Aleksandar Ivić, Z. Ćirić","doi":"10.5937/straman2200021i","DOIUrl":"https://doi.org/10.5937/straman2200021i","url":null,"abstract":"Background: Blockchain project implementation in smart cities represents a novel challenge in information technologies. Lack of functional framework and guidelines impact these implementations and add additional uncertainty. Authors in their research on this subject seek to discover a functional framework to improve the implementation process. The research is divided into 3 parts: identification of best application areas, critical success factors, and implementation performance indicators. Purpose: The goal of this paper is to present findings on the performance indicators and offer additional insight into their nature as well as point to lesser-known performance indicators of blockchain projects. Study design/methodology/approach: Authors used the Delphi technique and according to the methodology, a panel of 33 experts was presented with a list of performance indicators and asked to add additional performance indicators as well as to assess their importance. The research foundation was based on the literature review which resulted in 9 performance indicators for the blockchain project implementation in smart cities. Findings/conclusions: The experts proposed 8 additional performance indicators; however, only 1 of them had required consensus to be accepted by the panel. This paper will disclose both groups of performance indicators and preserve them for further scientific discussion since the performance indicators that were proposed by the individual experts but did not reach panel consensus will not be contained in the further research results. After all rounds of the Delphi method were finished the experts concluded the list of the 5 most important performance indicators for the implementation of blockchain projects in the smart city. Limitations/future research: Due to limited resources and lack of experts, the size of the panel is limited to only 33 experts. In addition, smart cities are usually managed by the public sector, so access to all data is limited. The findings presented in the paper can be further used to improve the efficiency of blockchain projects.","PeriodicalId":43778,"journal":{"name":"Strategic Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88827023","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":"Adaptation of the entrepreneurship competences questionnaire: When entrepreneurship is more than just business","authors":"Radka Čopková, Marek Gróf, Jana Zausinová, M. Siničáková","doi":"10.5937/straman2300046c","DOIUrl":"https://doi.org/10.5937/straman2300046c","url":null,"abstract":"Background Since 2006, entrepreneurship competence has been considered one of the eight key competences for lifelong learning, which are important for personal development, social inclusion, active citizenship, and employment. In 2015, the EntreComp framework was created. The framework structures partial entrepreneurship competences to support their development in European citizens regardless of the field of education, professional or occupational orientation, as a critical part of increasing competitiveness and innovation potential of a country. Purpose: The present paper aimed to develop a questionnaire based on the EntreComp framework, which would serve as a self-assessment tool for one's entrepreneurship competences, which could be used to adopt curricular or extra-curricular and non-formal, education to better serve this goal. Study design/methodology/approach: The validity and reliability of the questionnaire was examined on a sample of university students in different fields of study-technical and natural sciences, humanities, economics, and medicine. The purpose of the sample diversity is the emphasis on the independence of entrepreneurship competence on professional orientation. Findings/conclusions: The result of the study is a 60-item questionnaire consisting of three factors and fifteen subfactors helping to identify educational needs in the field of entrepreneurship, based on the subjective perception of the individual. In comparison with already existing tools, this questionnaire was developed on the strong basis of EntreComp framework and supports the idea of the broader context of entrepreneurship competence than just the business level, while covering cognitive, personal, and behavioural level of the entrepreneurial potential. Limitations/future research: In the future, its application in other age or social groups is suggested.","PeriodicalId":43778,"journal":{"name":"Strategic Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79555866","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":"Empowering strategic priority areas of cultural policy: Empirical findings on cultural participation processes in Serbia","authors":"Santo Kočović-De, Danijela Milovanović-Rodić, Dunja Babović, I. Kuźma","doi":"10.5937/straman2200030k","DOIUrl":"https://doi.org/10.5937/straman2200030k","url":null,"abstract":"Background: The background of this research encompasses contemporary cultural policy issues and their factors of influence, with a special focus on cultural participation processes. The sphere of culture provides the fundamental base for reading and changing the paradigmatic paths through the contents and acts of formal and informal stakeholders. Culture is deeply interlinked with other departments of the entire economy by connections with feedback loops. The impacts of culture on the socio-economic and natural environment, as the \"fourth pillar\" of sustainable development, are recognized on the international level by theory, expert groups, and practice. Purpose: The purpose of this paper is to bring about a deeper understanding of participatory processes and their importance for strategic priority areas of cultural policy development. Study design/methodology/approach: Our study design included institutional analysis, starting from the regulatory framework that reflects cultural policy and its strategic goals, by involving previous relevant theoretical research including the ICET model. Another objective of the paper is to answer a range of questions. What are participation processes' main characteristics and challenges in culture and cultural policy development? Is there a relationship between these challenges? How to achieve desirable cultural and institutional integrative transformations in order to accomplish the strategic priority areas of cultural policy? We bring the conclusions based on theoretic and empirical overview of new empirical research findings based on the survey conducted in 2022 for the need of EPICA research project Findings/conclusions: The findings of this research lead us to recognition, conceptualization and understanding of the existing participatory processes in culture, towards inspiring the future modelling of more integrative strategic and systemic solutions to reflect desirable and harmonized development. Limitations/future research: The limitations of research reflect future endeavour to contribute to reforming the field of culture (by formal and informal means) through more robust horizontal integration with other departments, to achieve sustainable and coherent effects through linking strategies, new forms of participation, decentralization, arm's length principle, and degrowth policy.","PeriodicalId":43778,"journal":{"name":"Strategic Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88927345","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":"Business process redesign as a basic aspect of digital business transformation","authors":"Rajko Ivanišević, Danijel Horvat, Milenko Matić","doi":"10.5937/straman2300040i","DOIUrl":"https://doi.org/10.5937/straman2300040i","url":null,"abstract":"Background: It is widely accepted that the digital transformation of business is increasingly attracting the attention of researchers from the academic circles as well as professionals from the business community. The main consequence of this lies in the daily development of new and improvement of existing digital technologies. The outcomes of such events on the market are reflected in all aspects of companies' operations. For this reason, they are constantly looking for various improvements to their business, which most often include the implementation of new technology. Mere implementation of a new technology without any other changes very often leads to failure. The core of this failure can be found and attributed to inadequately identified, analysed, documented and established business processes. Business process management (BPM) and redesign as its integral part are actually an indispensable segment of a successful process of digital business transformation. Therefore, the digital transformation of business should not be viewed exclusively from a technological perspective, but also from a process viewpoint. Purpose: With the aim of shedding additional light on the connection between business process management and digital business transformation, the paper aims to identify and explain the importance of business process redesign. Study design/methodology/approach: For the purposes of this paper, a systematic literature review was conducted. Findings/conclusions: The result of the conducted research indicates that a process approach to the digital transformation of business can contribute to significantly different, more successful results. Limitations/future research: Limitations refer to the number of databases searched during this systematic literature review. Subsequent research could include additional sources that would include additional works that can contribute to a better research result.","PeriodicalId":43778,"journal":{"name":"Strategic Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84640931","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":"Influence of insurance on entrepreneurship: Sector-specific evidence","authors":"V. Njegomir, D. Stojić, Jelena Demko-Rihter","doi":"10.5937/straman2300049n","DOIUrl":"https://doi.org/10.5937/straman2300049n","url":null,"abstract":"Background: Numerous authors have researched the impact of insurance on entrepreneurship and focused primarily on different aspects of health and social insurance, and their alternatives to private insurance. This paper investigates the importance of various lines of insurance on entrepreneurial performance. Purpose: The aim of the research is to analyse how insurance affects entrepreneurship in certain sectors of activity. Study design/methodology/approach: A linear regression model was applied on data collected through the questionnaire, which consisted of 12 questions embodying the variables included in the regression analysis. The survey was conducted on a sample of 460 entrepreneurs, which provided a confidence interval of 4.5 at a confidence level of 95%. The questionnaire was submitted to entrepreneurs in person, and it was filled in accountancy agencies that provide them accounting services, thus avoiding initial mistrust of entrepreneurs as respondents. Findings/conclusions: The main findings included the positive impact of premium paid on business results. By using variance analysis, the existence of sectoral differences regarding the impact of entrepreneurship on insurance was also confirmed. It was found that sectoral differences exist not only in the purchase of insurance, but also in the level of realized income, whereby the highest revenues were realized in the activities of information and communication and accommodation, and food service, while the smallest revenues were realized in the manufacturing industry. These results are also crucial for directing the government's economic policies to stimulate entrepreneurship and economic growth. Limitations/future research: Future research will be directed toward comparisons of results obtained in a developing country, with the sector specific evidence in developed countries.","PeriodicalId":43778,"journal":{"name":"Strategic Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90085272","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":"Firm value determinants: Panel evidence from European listed companies","authors":"Bojana Vuković, Teodora Tica, Dejan Jakšić","doi":"10.5937/straman2300052v","DOIUrl":"https://doi.org/10.5937/straman2300052v","url":null,"abstract":"Background: To manage growth opportunities effectively and to make a significant impact on superior long-term performance, it is necessary to analyze firm value and diagnose its determinants. Increasing profit, providing prosperity to the company's stakeholders, and improving company value are the goals of every company's business. Purpose: The paper aims to build a model of the company's optimal value by assessing company performance based on financial statement analysis of European companies over the period 2015-2020. Study design/methodology/approach: The impact of financial indicators such as financial leverage, profitability, size, liquidity, growth, and asset tangibility on company value was thoroughly considered. The empirical research was founded on a sample of 158 Eastern and Western European companies, generating 948 observations. Panel regression analysis was conducted. Findings/conclusions: The obtained results revealed that debt-to-assets ratio, return on equity, and assets tangibility have a significant adverse effect on company value, whereas the return on assets and firm size have a significant favorable effect. The obtained conclusions should serve as a beneficial tool for the strategy of reaching the targeted market company's value and ensuring the company's future viability by the market. Hence, stakeholders could assess the perspective of the future company's development and strengthen the importance and influence of financial variables on the company's value. Limitations/future research: The research limitations, which are also opportunities for future research, are aimed at the investigation of company value indicators at the level of individual European economies or industries. One should look at the company's value factors before and after the Covid-19 pandemic and consider a longer time in the company's business. Other financial determinants that affect the value of the company could be considered, and the company value could be measured by some other indicators. Also, the influence of non-financial determinants on the company value could be researched.","PeriodicalId":43778,"journal":{"name":"Strategic Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135597023","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":"Influence of demonetization on various sectors of the Indian economy","authors":"Anita Prasad, Anandajit Goswami, Amulya Gurtu","doi":"10.5937/straman2200032p","DOIUrl":"https://doi.org/10.5937/straman2200032p","url":null,"abstract":"Background: India demonetized the currency in November 2016, scrapping 86.9 percent of the currency in circulation. This policy disrupted most economic activities because India was predominantly a cash economy. Purpose: The study aims to analyze the impact of demonetization on the informal-formal sector and the Indian stock markets, where investment reflects investors' confidence. Another purpose is to know the usefulness of demonetization in the proliferation of digitalization. Study design/methodology/approach: The study incorporates primary data to determine the impact on informal and formal workers' income and the acceptance of digitalization in rural-urban areas in Faridabad, Haryana. A survey was conducted, and samples for informal-formal workers and rural-urban households were collected and analyzed using the F test and the ANOVA model using an independent dummy or qualitative variables. The secondary data of the Indian stock market were empirically tested and forecasted using the Autoregressive Conditional Heteroskedasticity (ARCH) model. Finding/Conclusions: The empirical analysis reveals that after demonetization, informal workers' earnings dropped significantly, and there is a substantial income disparity between informal-formal workers. A wide gap persists in adopting digital transactions due to low awareness of digital instruments in rural areas compared to urban areas. On the contrary, no significant impact is noticed in the Indian stock market as the forecasted value of shares trading depicts positive growth. The study identifies the gaps in policy implementation. It exposes the implementation of macroeconomic policies ensuring the protection of the interest and livelihood of economically vulnerable populations. The spread of awareness towards electronic transactions may help to promote digitalization Limitations/future research: The study is limited to a few areas. Hence, the scope of future research rests on macro-level data where comparison could be conducted between rural and urban areas across various states in India.","PeriodicalId":43778,"journal":{"name":"Strategic Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81949336","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":"Towards a readiness model derived from critical success factors, for the general data protection regulation implementation in higher education institutions","authors":"José Fernandes, Carolina Machado, Luís Amaral","doi":"10.5937/straman2200033f","DOIUrl":"https://doi.org/10.5937/straman2200033f","url":null,"abstract":"Background: Present the relevance of the study and highlights the key points of literature overview. Purpose: As of May 25, 2018, General Data Protection Regulation (GDPR) has become mandatory for all organizations, public or private, that handle personal data of European citizens, regardless of their physical location. Higher education institutions (HEIs), namely public universities, are no exception to this requirement and, as in many other organizations, many HEIs begin the process of implementing the GDPR without meeting the minimum conditions necessary for implementation. The purpose of this study, therefore, is to present a model to determine the level of readiness of HEIs regarding the implementation of the GDPR. Study design/methodology/approach: With the objective of designing a new artefact as a readiness model for the implementation of the GDPR, this study follows Design Science Research as an approach to be used to build the readiness model, based on a set of 16 critical success factors (CSFs) previously determined. Findings/conclusions: A readiness model was designed, based on a set of 16 CSFs related to the implementation of GDPR in HEIs. Limitations/future research: This is a new area of study that needs further development, namely through the practical application of the model, allowing the improvement of the measurement levels of the different CSFs. Practical implications: The determined readiness model allows HEIs to realize a priori if they have the necessary conditions for the implementation of the GDPR, giving useful indications of the organizational dimensions and the CSFs that compose them where better performance is necessary to ensure a successful implementation. Originality/Value: As far as we know, this is the first model of readiness based on CSFs related to the implementation of GDPR in HEIs, being therefore a first contribution to the development of this area.","PeriodicalId":43778,"journal":{"name":"Strategic Management","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86462472","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}