Oeconomia Copernicana最新文献

{"title":"How to measure employees’ interests so as to be a more socially-responsible employer: A proposal of a new scale and its validation","authors":"Katarzyna Piwowar‐Sulej, A. Cierniak-Emerych","doi":"10.24136/oc.2571","DOIUrl":"https://doi.org/10.24136/oc.2571","url":null,"abstract":"Research background: Many authors emphasize that successful human resource management (HRM) practices align with employees’ needs associated with the construct of employees’ interests. In particular, the importance of considering employees’ interests is emphasized in the process of shaping the architecture of Socially Responsible Human Resource Management (SR-HRM) systems.\u0000Purpose of the article: The aim of the article is to contribute to understanding employees’ interests by designing and validating a measure to recognize these interests.\u0000Methods: Through the use of literature sources and expert opinions, the authors developed a list of employee interests. Empirical data collected via the survey method in Poland was used to statistically verify the measurement scale. In particular, exploratory factor analysis and exploratory structural equation modelling were applied.\u0000Findings & value added: This article shows that it is important to create a comprehensive list of interests, as well as validate the research tool used. The newly developed scale has 22 items and five dimensions: support and development at the level of the enterprise, employee participation, support and development at the departmental level, employment security, working conditions and remuneration. It may be used in a variety of companies, as well as in complex research models, and developed further taking into consideration the context of other countries.","PeriodicalId":46112,"journal":{"name":"Oeconomia Copernicana","volume":null,"pages":null},"PeriodicalIF":8.5,"publicationDate":"2024-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140261293","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Digital twin simulation modeling, artificial intelligence-based Internet of Manufacturing Things systems, and virtual machine and cognitive computing algorithms in the Industry 4.0-based Slovak labor market","authors":"Katarina Valaskova, Marek Nagy, Gheorghe Grecu","doi":"10.24136/oc.2814","DOIUrl":"https://doi.org/10.24136/oc.2814","url":null,"abstract":"Research background: On the basis of an analysis of the current situation and expectations in the field of implementation of the elements of the Industry 4.0 concept, the purpose of this paper is to identify the effects on the labor market in large manufacturing enterprises in the Slovak Republic.\u0000Purpose of the article: The presented work has a theoretical-empirical nature and consists of a theoretical section and a practical section, which includes statistical indicator analysis and quantitative research. In the theoretical section, the paper discusses the issue of Industry 4.0 in general, with a focus on its impact on the labor market, thus laying the groundwork for future research on the subject.\u0000Methods: The output of this work is an analysis of selected indicators of the manufacturing industry sector in the Slovak Republic, based on the most recent employment data analysis in the first stage and quantitative research survey in the second stage, with the respondents being manufacturing industry companies operating in the Slovak Republic, and whose primary objective is to determine the current status of the implementation of the elements and technologies of Industry 4.0 in production companies in the Slovak Republic, as well as the factors influencing this situation, such as digital twin simulation modeling, artificial intelligence-based Internet of Manufacturing Things systems, and virtual machine and cognitive computing algorithms.\u0000Findings & value added: The research findings indicate that the degree of digitization adopted by businesses in the Slovak Republic is comparatively less robust and more sluggish to adapt. This is primarily attributable to the underdeveloped educational system, population reluctance, self-actualization, and inadequate state support. Recommendations for the Slovak market aim to increase the digital proficiency of businesses and of the general populace through various means, such as reforming legislation, enhancing state support for entrepreneurs, and modifying the education system, constituting the added value of the work.","PeriodicalId":46112,"journal":{"name":"Oeconomia Copernicana","volume":null,"pages":null},"PeriodicalIF":8.5,"publicationDate":"2024-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140444379","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Digital Innovation Hubs and portfolio of their services across European economies","authors":"Natallia Gavkalova, B. Gładysz, Walter Quadrini, Claudio Sassanelli, Fredrik Asplund, Muhammad Rusyadi Ramli, Peter Detzner, Jane Deville, M. Dragić, T. van Erp, Amalia Georgescu, Liz Price, Gaļina Robertsone, Sergio Terzi","doi":"10.24136/oc.2757","DOIUrl":"https://doi.org/10.24136/oc.2757","url":null,"abstract":"Research background: Digital ecosystems in Europe are heterogenous organizations involving different economies, industries, and contexts. Among them, Digital Innovation Hubs (DIHs) are considered a policy-driven organization fostered by the European Commission to push companies’ digital transition through a wide portfolio of supporting services.\u0000Purpose of the article: There are DIHs existing in all European economies, but literature needs more precise indications about their status and nature. The purpose is to study a distribution of DIHs and differences in portfolios of DIHs’ services across European economies. Therefore, the paper wants to deliver more precise data on effects on national and European policies. This is required to define their final role and scope in the complex dynamics of the digital transition, depending on regional context and heterogeneity of industries.\u0000Methods: Data on 38 economies was collected from the S3 platform (on both existing and in preparation DIHs) and further verified by native speaking researchers using manual web scrapping of websites of DIHs identified from S3. To find potential similarities of digital ecosystems in different economies as emanated by the existence of DIHs, clusterization (Ward’s method and Euclidean distances) was applied according to the services offered. Economies were clustered according to the number of DIHs and the spread of DIHs intensity in different cities. The results were further analyzed according to the scope of the provided services.\u0000Findings & value added:  The applied clustering classified European economies in four different sets, according to the types of services offered by the DIHs. These sets are expression of the different digitalization statuses and strategies of the selected economies and, as such, the services a company can benefit from in a specific economy. Potential development-related reasons behind the data-driven clustering are then conjectured and reported, to guide companies and policy makers in their digitalization strategies.","PeriodicalId":46112,"journal":{"name":"Oeconomia Copernicana","volume":null,"pages":null},"PeriodicalIF":8.5,"publicationDate":"2024-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140454865","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Is earnings management impacted by audit fees and auditor tenure? An analysis of the Big Four audit firms in the US market","authors":"José Manuel Santos-Jaén, Gema Martín de Almagro-Vázquez, María del Carmen Valls Martínez","doi":"10.24136/oc.2023.027","DOIUrl":"https://doi.org/10.24136/oc.2023.027","url":null,"abstract":"Research background: Audits are intended to ensure the reliability of financial statements, as this is fundamental for different stakeholders. However, both auditor tenure and audit fees could affect the earnings management of companies. In 2014, the European Union established a mandatory audit firm rotation policy. In the United States, although there is still no mandatory regulation in this regard, there has been a large public debate over the advisability of this policy. Another unresolved controversy is whether audit fees determine audit quality. Purpose of the article: The aim of this research is to study the effect of auditor tenure and audit fees on earnings management, i.e., to determine whether a longer-term relationship between the auditor and the audited company, as well as higher audit fees, reduce the audited company's earnings management, thereby making the financial statements more reliable for stakeholders and increasing the quality of the audit report. In addition, the Big Four auditing companies in the United States were analyzed in order to determine the influence of corporate culture. Methods: A sample of companies listed in the S&P 500 stock market index was employed for the analysis, covering the years 2012 to 2021, resulting in a dataset comprising 3,010 observations. To examine the research hypotheses while mitigating the potential bias from omitted variables, a linear regression analysis was conducted using panel data with fixed effects regression. To enhance the robustness of the results, winsorized variables were also employed. Findings & value added: Overall, the results confirm that the quality of financial statements improves as auditor tenure increases, and so implementing a mandatory auditor rotation may not be in a company’s best interests. The results also support the market segmentation theory, as higher audit fees are aligned with higher quality financial reporting. Furthermore, by analyzing the Big Four audit companies in the US, it is shown that the influence of audit fees and auditor tenure on earnings management also depends on the internal aspects of the particular audit firm, especially its ethical culture. In sum, US policymakers should neither set limits on audit fees nor enforce a mandatory audit firm rotation similar to that of the EU.","PeriodicalId":46112,"journal":{"name":"Oeconomia Copernicana","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136158356","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"How generative artificial intelligence technologies shape partial job displacement and labor productivity growth","authors":"George Lazaroiu, Elżbieta Rogalska","doi":"10.24136/oc.2023.020","DOIUrl":"https://doi.org/10.24136/oc.2023.020","url":null,"abstract":"","PeriodicalId":46112,"journal":{"name":"Oeconomia Copernicana","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135082625","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Economic sentiment indicators and their prediction capabilities in business cycles of EU countries","authors":"Andrea Tkacova, Beata Gavurova","doi":"10.24136/oc.2023.029","DOIUrl":"https://doi.org/10.24136/oc.2023.029","url":null,"abstract":"Research background: The post-World Financial Crisis period has showed us that an application of the qualitative data focused on the expectations of the enterprises and consumers in a combination with the quantitative data in the individual economy sectors is a good prerequisite for reliable prediction of the economic cycles. Purpose of the paper: The main goal of the presented study was to test the ESI prediction capabilities and its components in a relation to the economic cycles of the EU countries in the individual time periods. Methods: The time series for the period Q1 2000 to Q4 2022 and the three selected time periods were a subject to undergo the selection of the cyclical component applying the Hodrick-Prescott filter and then, the relationship between the variables was determined employing the Pearson correlation coefficient with the time shifts. The relation of ESI and its components to GDP and the Index of Industrial Production (IIP), which represent the economic cycle, was analysed. The prediction volume and the cross-correlation values determined the nature of the observed cyclical variables. Findings & value added: The results of the analysis point to the fact that ESI and its components are able to ensure a high-quality prediction of the economic cycle only in the selected EU countries. Regarding the components of the ESI, the Consumer confidence indicator, Construction and Industrial confidence indicators show the best predictive capabilities. The analytical outcomes show that the ESI size and lead period vary over time and after the 2008 crisis, the ESI showed better predictive capabilities in a relation to GDP and IIP than before the crisis. The Covid 19 pandemic had a significant negative impact on the ESI predictive capabilities.","PeriodicalId":46112,"journal":{"name":"Oeconomia Copernicana","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135082627","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Circular economy practices as a tool for sustainable development in the context of renewable energy: What are the opportunities for the EU?","authors":"Ugnius Jakubelskas, Viktorija Skvarciany","doi":"10.24136/oc.2023.025","DOIUrl":"https://doi.org/10.24136/oc.2023.025","url":null,"abstract":"Research background: In order to tackle climate change and ensure Paris agreements are met, countries are forced to look for alternative ways of producing, consuming, and wasting and adopt a circular economy. Reduction of greenhouse gas emissions becomes one of the key elements. The demand for electricity is increasing, and most greenhouse gas emissions derive from the energy sector. Because of that, it is crucial to ensure the transition from fossil fuels to renewable energy. Renewable energy, as a part of the circular economy, also contributes to sustainable development. Only the efficient implementation of circular economy and renewable energy practices can ensure that sustainable development goals are achieved. Purpose of the article: The study aims at determining the efficiency of European Union countries implementing circular economy practices through renewable energy to attain SDGs. The study focuses on the significance of renewable energy as a tool for the circular economy to achieve sustainable development and highlights the progress achieved in SDG through renewable energy in the EU. Methods: For efficiency assessment of the circular economy represented by the renewable energy indicators, data envelopment analysis (DEA) was performed. Findings & value added: This study presents a relation analysis of the circular economy and renewable energy and the importance of efficiency in achieving SDGs through a circular economy. The study helps to understand the circular economy represented by renewable energy and how it transforms into sustainable development and contributes to necessary actions needed for countries to improve. Based on the results, Sweden, Luxembourg, Ireland, Latvia, Estonia, Malta, the Netherlands and Bulgaria are considered the most efficient countries, while Austria is the least efficient. Unused solar and wind power potential can slow down sustainable development; however, EU programs and renewable energy strategies help countries move towards clean energy and ensure efficient implementation of sustainable development goals.","PeriodicalId":46112,"journal":{"name":"Oeconomia Copernicana","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135082621","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The impact of artificial intelligence (AI) on employees’ skills and well-being in global labor markets: A systematic review","authors":"Romana Emilia Cramarenco, Monica Ioana Burcă-Voicu, Dan Cristian Dabija","doi":"10.24136/oc.2023.022","DOIUrl":"https://doi.org/10.24136/oc.2023.022","url":null,"abstract":"Research background: This article discusses how artificial intelligence (AI) is affecting workers' personal and professional lives, because of many technological disruptions driven by the recent pandemic that are redefining global labor markets.\u0000Purpose of the article: The objective of this paper is to develop a systematic review of the relevant literature to identify the effects of technological change, especially the adoption of AI in organizations, on employees’ skills (professional dimension) and well-being (personal dimension).\u0000Methods: To implement the research scope, the authors relied on Khan's five-step methodology, which included a PRISMA flowchart with embedded keywords for selecting the appropriate quantitative data for the study. Firstly, 639 scientific papers published between March 2020 to March 2023 (the end of the COVID-19 pandemic according to the WHO) from Scopus and Web of Science (WoS) databases were selected. After applying the relevant procedures and techniques, 103 articles were retained, which focused on the professional dimension, while 35 papers were focused on the personal component.\u0000Findings & value added: Evidence has been presented highlighting the difficulties associated with the ongoing requirement for upskilling or reskilling as an adaptive reaction to technological changes. The efforts to counterbalance the skill mismatch impacted employees' well-being in the challenging pandemic times. Although the emphasis on digital skills is widely accepted, our investigation shows that the topic is still not properly developed. The paper's most significant contributions are found in a thorough analysis of how AI affects workers' skills and well-being, highlighting the most representative aspects researched by academic literature due to the recent paradigm changes generated by the COVID-19 pandemic and continuous technological disruptions.","PeriodicalId":46112,"journal":{"name":"Oeconomia Copernicana","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135082623","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Impact of the rule of law, corruption and terrorism on tourism: Empirical evidence from Mediterranean countries","authors":"Yilmaz Bayar, Marius Dan Gavriletea, Rita Remeikienė","doi":"10.24136/oc.2023.02930","DOIUrl":"https://doi.org/10.24136/oc.2023.02930","url":null,"abstract":"Research background: Tourism sector is considered as a driving force of economic development and understanding factors that deter the flow of tourists and hinder its development, which is essential for all actors involved in this industry. Purpose of the article: The purpose of the article is to investigate the impact of rule of law, corruption, and terrorism on tourism in 14 coastal states of the Mediterranean Sea based on the United Nations classification. Methods: The short and long-run relationships among the rule of law, corruption, terrorism and tourism are respectively analyzed through Dumitrescu and Hurlin causality test and LM bootstrap cointegration test taking notice of the presence of heterogeneity and cross-sectional dependence. Findings & value added: The causality analysis reveals that control of corruption has a significant influence on tourism only in the short run. The cointegration analysis uncovers that terrorism negatively affects the tourism in Albania, Algeria, Egypt, and Tunisia, but improvements in corruption also positively affect the tourism in Albania, Algeria, Bosnia and Herzegovina, Greece and Italy. Last, the rule of law has a positive impact on tourism in Egypt, Greece, and Israel. In this context, the rule of law can also be a key factor for tourism development via combat with corruption and terrorism. Based on some unique characteristics, the Mediterranean region has consolidated its position as the world's leading tourist destination, but to maintain this competitive position, it is crucial to recognize and adopt strategies that respond to all key challenges faced by this sector.","PeriodicalId":46112,"journal":{"name":"Oeconomia Copernicana","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135083034","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Social benefits of solar energy: Evidence from Bangladesh","authors":"Gazi Salah Uddin, Chowdhury Abdullah-Al-Baki, Park Donghyun, Ali Ahmed, Tian Shu","doi":"10.24136/oc.2023.026","DOIUrl":"https://doi.org/10.24136/oc.2023.026","url":null,"abstract":"Research background: The Bangladeshi government has set a plan to generate one-tenth of its electricity from solar and other renewable sources by 2030. Solar adoption surged in Bangladesh up until 2015, setting a global precedent for electrifying areas that were previously unconnected. The enhanced lighting offered by solar systems provides immediate benefits, including additional hours for household and business activities and extended study hours for school-going children. Purpose of the article: This study seeks to identify the determinants and welfare gains of solar adoption in rural areas by analysing three rounds of the Bangladesh Integrated Household Survey from 2011–12, 2015, and 2018–19. In addition to presenting new estimates of economic, environmental, and educational welfare gains, our research offers insights into how solar adoption relates to rural employment and the nutrition of children under five. Methods: We utilized both ordinary least squares and propensity score matching techniques to estimate the welfare effects of solar adoption. Only households that do not use electricity as their primary lighting source, such as those relying on solar or kerosene, are considered in our sample. Findings & value added: We have discovered that adopting solar is linked to higher income, increased expenditure, and growth in asset value. Additionally, there is a significant reduction in kerosene expenditure among adopters compared to non-adopters. Other observations reveal that households with solar setups tend to transition from sharecropping to trading and poultry farming. Children in these households also benefit from solar adoption in terms of education and nutrition. This study illustrates how solar energy can effectively address various welfare concerns in areas where the government cannot supply electricity. Given that recent global events have rendered underdeveloped countries more vulnerable to providing consistent electricity to their entire populations, this research suggests solar energy as a resilient electrification solution during crises.","PeriodicalId":46112,"journal":{"name":"Oeconomia Copernicana","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135083031","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}