E+M Ekonomie a Management最新文献

{"title":"The impact of environmental, social and governance policies on companies’ financial and economic performance: A comprehensive approach and new empirical evidence","authors":"ratiela Georgiana Noja, B. Bădițoiu, Alexandru Buglea, Valentin Partenie Munteanu, Diana Corina Gligor Cimpoieru","doi":"10.15240/tul/001/2024-1-008","DOIUrl":"https://doi.org/10.15240/tul/001/2024-1-008","url":null,"abstract":"In the last decade, the use of integrated reports (IR) comprising information on non-financial indicators from the environment, social, and governance (ESG) category has increased in time. Companies are now focusing not only on financial reporting but are notably including non-financial issues in their public reports. In doing so, they seek to align activities with the expectations of their stakeholders and the society in which they operate, as well as with various regulations, which are increasingly relevant worldwide. This study examines the impact of ESG reporting on company performance. Our research involved analyzing financial and non-financial data from 2,400 companies extracted from the Refinitiv Eikon database. Two methods of quantitative analysis were applied, namely multiple linear regression models processed by the robust regression method and structural equation modelling. Main findings entail that ESG indicators had strong and medium effects on company performance, but these effects varied across different dimensions, requiring a tailored approach to embed ESG factors in corporate strategy to enhance overall performance. Our paper provides a new perspective on the current and the potential impact of ESG reporting, based on systematic theoretical and empirical analyse , with multiple implications for business administration and management.","PeriodicalId":517761,"journal":{"name":"E+M Ekonomie a Management","volume":"347 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140286669","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 impact of the effective tax rate change on financial assets of commercial banks: The case of Visegrad group countries","authors":"Alena Andrejovská, Jozef Glova, Martina Regásková, Natália Slyvkanyč","doi":"10.15240/tul/001/2024-1-011","DOIUrl":"https://doi.org/10.15240/tul/001/2024-1-011","url":null,"abstract":"While many tax professionals have discussed corporate taxation in the banking sector and its effectiveness on bank institutions, investment decisions, bank size, asset structure, or bank rentability, there is little evidence of tax efficiency within V-4 Group. The research on banks and tax rates is mainly based on American data. Few papers solved banking stability and corporate taxes within the European countries. This paper examines effective corporate taxation in the banking sector of the V-4 Group and aims to find out how the effective tax rate change affects commercial banks’ financial assets. In this study, we examine the relationship between variables using regression analysis in which we assess the impact of ETR on bank financial assets. We examined data in the consolidated financial statements data of commercial banks and tested their impact on the economy. Our findings supported the theory that ETR impacts the banking sector, particularly capital and equity financing. However, the results did not prove the research hypothesis, in which we assumed that an increase in ETR would lead to an increase in financial assets. Based on our results, it leads to an increase in equity assets (7.34%) and a decline in debt assets (16.83%).","PeriodicalId":517761,"journal":{"name":"E+M Ekonomie a Management","volume":"54 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140400378","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 nexus of a regional competitiveness and economic resilience: The evidence-based on V4+4 NUTS 2 regions","authors":"Ondrej Svoboda, L. Melecký, M. Staníčková","doi":"10.15240/tul/001/2024-1-001","DOIUrl":"https://doi.org/10.15240/tul/001/2024-1-001","url":null,"abstract":"Economies have always been prone to economic downturns, industry shocks, currency crises, and the current COVID-19 epidemic crises, destabilising a region’s economic growth trajectory and pattern. By re-establishing economic ties both inside and outside regions, regional economies that have been disturbed by a shock may transition to a new growth trajectory. We examined the idea of competitiveness and resilience in a regional development context to answer why one region is more susceptible to economic shock than others and the competitive advantages and disadvantages of V4+4 countries. This article highlights some of the core characteristics of regional competitiveness and resilience and gives a survey of the notion, main empirical results, and planning tasks concerning regional competitiveness and resilience. The idea of resilience is gaining greatness because of the COVID-19 crisis, and its importance is growing in research and economic policymaking. Ideas like “2020 made us stronger” and “resilience, tenacity, and the ability to bounce back” are obviously alluring during the current crisis. The COVID-19 problem, however, has decreased the main systems’ shock resistance and caused failures to spread from one system to another. Thus, it is necessary to suggest a systems approach focused on resilience to have socio-economic systems ready for potential shocks. The paper’s main topic is resilience-focused tactics, with a focus on the current European Union strategy. The European Union must strengthen its resilience considering the COVID-19 issue and the political agenda that is transition-driven in order to move forward or recover but emerge stronger. If policies are to be effective in the long run, an attitude responding to the systemic causes and impacts of big shocks is required.","PeriodicalId":517761,"journal":{"name":"E+M Ekonomie a Management","volume":"108 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140286546","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":"Exploring the relationship between usage of social networking sites, cyberbullying and academic performance: Evidence from the higher education sector of Saudi Arabia","authors":"S. F. Rasool, Hamid Raza, Vaclav Zubr, Muhammad Zaheer Asghar, Razia Sultana","doi":"10.15240/tul/001/2024-1-005","DOIUrl":"https://doi.org/10.15240/tul/001/2024-1-005","url":null,"abstract":"The aim of this study is to investigate the relationship between the use of social networking sites (SNS), cyberbullying (CB) and academic performance (AP). Firstly, we investigate the direct relationship between the use of social networking sites (Instagram, Facebook and TikTok) and academic performance. Secondly, the relationship between the use of social networking sites (Instagram, Facebook and TikTok) and cyberbullying is explored. Thirdly, linkages between cyberbullying and academic performance are examined. Lastly, the mediating effect of cyberbullying in the relationship between the use of social networking sites and academic performance is tested. In this study, we used quantitative survey analysis. We collect data using the research questionnaire from the graduate and postgraduate students enrolled in the universities located in Riyadh, Kingdom of Saudi Arabia. The data were analyzed using the structural equation modeling through SmartPLS 3.2.2. The findings demonstrate that in direct relationships, Facebook and TikTok have a significant relationship with academic performance. However, in the direct relationship, Instagram has an insignificant relationship with academic performance. Similarly, the outcomes confirmed that Instagram, Facebook, and TikTok have a significant relationship with cyberbullying. Furthermore, the outcomes indicate that cyberbullying has a negative impact on academic performance. Finally, the results of this study indicate that cyberbullying negatively mediates the relationship between the use of social networking sites and academic performance. At the end of the study, we have toughly discussed the conclusion, limitations and future research directions.","PeriodicalId":517761,"journal":{"name":"E+M Ekonomie a Management","volume":"67 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140399258","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":"Determinants of the impact of ESG policy and corporate governance on employee rights","authors":"Chiao-Ming Li, Joe-Ming Lee","doi":"10.15240/tul/001/2024-1-007","DOIUrl":"https://doi.org/10.15240/tul/001/2024-1-007","url":null,"abstract":"To comply with international development trends in recent years, Taiwanese government agencies have formulated environmental, social, and governance (ESG) legal policies and strengthened publicity for listed firms to prepare sustainability reports. Government agencies are trying to use ESG legal policies to gradually guide firms to take environmental, social, and governance measures and move toward sustainable operations. However, employee rights were easier for firms to ignore in the past, so paying attention to the correlation between employee rights and organizational governance is necessary. This paper aims to analyze the relationship between the organizational governance and employee turnover rate of Taiwanese food firms in the ten years from 2011 to 2021 through a panel regression model. The results show that there is a U-shaped relationship between board size and employee turnover. There is an inverted U-shaped relationship between the development of major shareholders’ shareholding and the strength of human resources. The research results show that organizational governance is significantly related to employee turnover. Finally, this paper believes that paying attention to human resources will contribute to the sustainable development of enterprises. Therefore, in terms of organizational governance policies, although government agencies have formulated relevant reference standards, firms should have functions more conducive to developing human resource measures. These functions include utilizing the guiding energy of the board of directors functions, and shareholding structure design, which will further help the stable development of human resources. Firms need high-quality human resources to make breakthroughs in technology or the market. Therefore, when firms cultivate high-quality human resources, they not only rely on employee welfare conditions but consider long-term organizational governance and human resource development as necessary planning conditions. These factors will drive firms to have the ability to break through the status quo, value all stakeholders, and create an attitude toward sustainable business development.","PeriodicalId":517761,"journal":{"name":"E+M Ekonomie a Management","volume":"179 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140405078","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":"Examining climate change awareness and climate-friendly activities of urban residents: A case study in Košice","authors":"V. Tóth, Miriam Šebová","doi":"10.15240/tul/001/2024-1-002","DOIUrl":"https://doi.org/10.15240/tul/001/2024-1-002","url":null,"abstract":"As the impact of climate change begins to be felt all around the world, the vulnerability of urban areas due to their population density, high concentration of economic activities and the altered characteristics of the physical environment is becoming increasingly apparent. As a result, cities will play a crucial role in tackling climate change by fostering mitigation activities and managing and coordinating the adaptation process. Research has shown that engagement and awareness among citizens is vital in the promotion of effective adaptation policies, but studies have also drawn attention to the significance of the so-called “awareness-action gap,” the absence of a direct link between awareness and action. This study contributes to the ongoing debate over the awareness-action nexus by discussing the factors that can affect the adaptation and mitigation activities of urban citizens using the Slovak city of Košice as a case study. Data was collected using a survey conducted with local residents as part of the preparations for the city’s first adaptation strategy on climate change. The paper uses a two-step analysis to investigate the socio-economic, psychological and contextual factors associated with climate change awareness and climate-friendly activities. The results of the standard linear regression model indicate that self-assessed vulnerability is a determining factor in both the level of climate change awareness and the likelihood of individuals to take action. In the second step, we find that the factors which influence engagement in climate-friendly activities differ depending on the costs involved in implementing the activities. The exploratory analysis conducted using a machine learning algorithm suggests that the awareness-action nexus may be non-linear in nature. The main findings of this study imply that communication strategies should place a primary emphasis on individuals’ vulnerability to the negative impacts of climate change. The paper contributes to the existing research by providing a case study of a generally under-researched geographical area of Central Europe. In addition, the analysis provides a specific context of urban area and implications for local policymakers, something that has been lacking the in literature looking primarily at data at the country level.","PeriodicalId":517761,"journal":{"name":"E+M Ekonomie a Management","volume":"115 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140286299","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":"DuPont analysis among European dentistry companies to measure the impact of the COVID-19 pandemic","authors":"Tomas Heryan, Karin Gajdova","doi":"10.15240/tul/001/2024-1-010","DOIUrl":"https://doi.org/10.15240/tul/001/2024-1-010","url":null,"abstract":"Although health economics belongs to the highly respected economic disciplines within the research literature, there is a considerable gap related to the investigation of dentistry in particular, even after the global pandemic of COVID-19 disease. Fundamentally, the DuPont framework is a well-known complex analysis to evaluate companies from the point of view of financial performance. The investigation of the return on equity as a relation between the return on assets and the equity multiplier, simply called the leverage effect, is presented in this paper. Therefore, this study aims to estimate the effect of leverage and its changes due to the COVID-19 pandemic among dentistry companies in selected European countries with different healthcare insurance systems. This comparative investigation focused on the generalised method of moments with dynamic panel data from Orbis, the Bureau van Dijk financial database for 1,128 dentistry companies in nine European countries. Methodologically, concerning those post-estimation techniques to evaluate over- and underestimation of the models. It has been differentiating between companies with a high or low ownership concentration structure. The results have shown differences in the leverage effect during the pandemic, assuming that companies with a major owner increased their equity, while the debt leverage increased among those companies with dispersed ownership and vice versa. If economic theory states that debt financing is more effective for a company than using internal sources, it is apparently different in the case of dentistry during the pandemic. However, dispersed ownership is more often related to dentistry, according to mergers in this particular business industry.","PeriodicalId":517761,"journal":{"name":"E+M Ekonomie a Management","volume":"29 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140403590","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":"Educational attainment as a predictor of poverty and social exclusion: Empirical analysis of Serbian case","authors":"Marija Džunić, Natasa Golubovic, Vesna Jankovic-Milic","doi":"10.15240/tul/001/2024-1-003","DOIUrl":"https://doi.org/10.15240/tul/001/2024-1-003","url":null,"abstract":"This study examines the impact of education on the risk of poverty and social exclusion in a single-country framework. Relying on household and individual level data from the annual EU-SILC survey obtained in Serbia in 2020, we estimate the market and non-market benefits of education in the context of combating poverty and social exclusion in developing countries. Based on a representative sample of the adult population in Serbia, we explore to what extent the risk of poverty and social exclusion can be predicted by the levels of educational attainment. Econometric estimations indicate that educational underachievement acts as a significant driver of poverty and social exclusion. Probit regression analysis indicates that the risk of experiencing poverty and social exclusion decreases substantially with higher education levels. We include three model specifications that calculate the predicted probability of being at risk of poverty, severely materially deprived and exposed to combined risks. Holding other predictors constant, the decrease in poverty and social exclusion probability attributed to a one level increase in educational attainment amounts up to 7.96% (for unemployed women with only primary education). The analysis confirms that the highest gains from schooling are materialized for the categories of respondents who are not active in the labor market and those with the lowest levels of educational attainment. Besides this, self-perceived health and labor market activity significantly affect the risk of poverty, material deprivation and social exclusion. The impact of age differs across our model specifications, indicating that age increases the probability of severe material deprivation and the combined risk of poverty and deprivation, while older age appears to go in hand with a lower risk of poverty itself. These results offer relevant information that should be considered when determining the optimal level of social investment in education.","PeriodicalId":517761,"journal":{"name":"E+M Ekonomie a Management","volume":"109 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140406853","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}