Central European Business Review - Forthcoming articles
Users' Attitudes towards Self-Service Technologies (SSTs): The Role of Demographic Factors
Vladimir Zhechev, Gabriela Popova
Central European Business Review X:X | DOI: 10.18267/j.cebr.392 
In the contemporary business environment, many companies in Central and Eastern Europe (CEE) have adopted self-service technologies (SSTs), moving away from traditional face-to-face interactions. Although numerous studies examine the factors that shape users’ attitudes towards SSTs, the extant literature primarily focuses on the impact of specific individual and technological factors. In addition, a predominant emphasis is placed on SSTs for hotels, restaurants, and retail stores. To bridge these gaps, this research explores the effect of demographic factors on Bulgarian users’ attitudes towards SSTs at filling stations. The methodology...
The Unwritten Rules Of "Instagrammable" Travel as Status Symbol: Visual Analysis of Social Media Posts among Young Middle-Class Adults
Jana Kovarova, Zuzana Chytkova
Central European Business Review X:X | DOI: 10.18267/j.cebr.393
It is a well-known fact that consumers demonstrate their status through displaying their consumption and one of the key areas of consumption used to display status is travel. While traditional markers of travel status emphasized destinations, today’s status is more often conveyed through particular, often intangible, elements included in how the travel experience is shared. The display of these more intangible and immaterial aspects of travel consumption has developed vis-a-vis the proliferation of social media, which has allowed displaying the manner of travel in more detail but has also changed what status travel means. Our research aims to...
Industry 4.0 Technologies in SMEs and Differences According to the Size and Sector of the Company: The Case of the Czech Republic
Lukáš Klarner, Petr Řehoř, Jaroslav Vrchota, Monika Maříková
Central European Business Review X:X | DOI: 10.18267/j.cebr.394
The article focuses on adoption Industry 4.0 technologies in the Czech Republic's small and medium-sized enterprises (SMEs). It examines how the size of the enterprise and the sector affect the level of implementation of these technologies. The main objective is to observe the differences in the use of modern technologies in SMEs based on the size of the enterprise and the sector in which they operate and to identify the main barriers to their implementation. The research was conducted online between October 2023 and January 2024, involving 240 respondents from various sectors. The statistical analyses included a non-parametric multivariate analysis...
Does CEO Ownership in High-Tech Companies Affect Corporate Financial Decisions?
Elżbieta Bukalska, Jakub Czerniak, Irmina Florek
Central European Business Review X:X | DOI: 10.18267/j.cebr.395
The role of high-tech companies increases in turbulent times. Additionally, the status of the company (high-tech or non-high-tech) affects financial decisions. Moreover, CEOs with ownership in the company they work for make specific financial decisions. The paper aims to identify the impact of CEO ownership on financial decisions in high-tech companies. The sample consists of 750 manufacturing firm-year observations from the period 2018-2021. All the companies included in the research are listed on Warsaw Stock Exchange. Linear Mixed Models analysis with individual and interactive effects were implemented. Findings show that high-tech companies managed...
Enhancing Security in Sustainable Energy Systems for Central European Business: An Adaptive Response Methodology under National Economy
Yurii Kharazishvili, Oleksandr Sukhodolia, Gennadii Riabtsev, Oleksandr Kalinin, Galyna Us, Yevhen Lunov
Central European Business Review X:X | DOI: 10.18267/j.cebr.396
The increasing complexity of energy security threats, both internal and external, poses significant challenges for businesses in Europe, necessitating a robust framework for evaluating and responding to these risks. This article introduces a comprehensive methodology designed to assess the effects of these threats on a state's energy security through two distinct approaches. The first method focuses on identifying imbalances by analysing the deviation of key indicators from established sustainability benchmarks. The second method combines expert evaluations of changes in comprehensive index components with mathematical computations to assess their...
Funding Structure of Clusters from Post-Communist and Developed Countries
Peter Burger, Eduard Baumöhl
Central European Business Review X:X | DOI: 10.18267/j.cebr.397
The paper compares the funding structure of European clusters. It uses a hand-collected questionnaire survey (n=185) to examine the budget structure of European clusters. This aimed to identify the differences between clusters in the post-communist and developed countries, as well as between clusters located in countries with higher and those with lower levels of innovation performance. The results show that clusters in (i) the post-communist countries and (ii) cluster from countries with lower levels of innovation performance have a much higher share of EU Structural Funds and Community Programmes in their budgets than clusters in (iii) developed...
Economic Freedom Index and Foreign Direct Investment: Bridging the Gap between Developed and Emerging Economies
Avni H. Alidemaj, Anatoljis Krivins, Esat Durguti, John McArdle
Central European Business Review X:X | DOI: 10.18267/j.cebr.398
The working paper examines several variables of the Economic Freedom Index and the effect of GDP on foreign direct investment (FDI) in the 6 European Union economies (EU6) and the 6 Western Balkan economies (WB6). This study aims to explore whether these determinants affect foreign direct investments in EU6 and WB6 towards other international economies. To accomplish the stated aim, we used secondary panel data on an annual basis from the trusted databases of the Heritage Foundation and the World Bank, covering the period 2017–2023, comprising a total of 42 observations for each panel. The mathematical modeling paradigm employed is Two-Stage...
Family Entrepreneurship and Sustainability: Empirical Analysis from Hungary
Melinda Krankovits, Márta Konczosné Szombathelyi, Judit Csákné Filep, Áron Szennay
Central European Business Review X:X | DOI: 10.18267/j.cebr.399
Family firms, accounting for 60% of European private sector jobs, play a critical role in advancing business sector sustainability through their practices and employment characteristics. This study examines family entrepreneurs’ attitudes toward sustainability using quantitative methods and the 2023 Global Entrepreneurship Monitor (GEM) Annual Population Survey (APS) dataset from Hungary. Businesses were categorised into non-family, one-person, and family enterprises. After analysing the reliability of sustainability-related questions, two indices measuring attitudes toward environmental, social, and economic sustainability were constructed:...
Detecting Anomalies in Tax Revenues Using Benford's Law. The Case of Polish Adjustment
Piotr Luty, Zuzanna Zawolska
Central European Business Review X:X | DOI: 10.18267/j.cebr.401
Changes in legal regulations are a permanent element of political systems. The degree of complexity of tax systems is a characteristic feature of developing countries. The study aims to check whether changes in legal regulations cause manipulations in companies' financial data. Manipulations may result from the ambiguity of the introduced regulations (unintentional) or the deliberate actions of taxpayers (intentional). The study analyses the impact of changes in reporting information on tax income from capital sources on anomalies in financial data. In the survey, anomalies in economic data are identified using Benford's Law, using MAD (mean absolute...
An Empirical Analysis of the Competencies of Management Consultants in Northeast Hungary between 2001–2021
Agnes Tokar-Szadai
Central European Business Review X:X | DOI: 10.18267/j.cebr.402
This study examines the evolving competencies of management consultants in Northeast Hungary from 2001 to 2021 and proposes a comprehensive consultant competence model based on a 20-year longitudinal analysis. The research combines questionnaire surveys (conducted in 2001 and 2005–2006) with in-depth interviews involving consultants and clients during 2011–2012, 2015–2016, and 2020–2021, analysed using SPSS 30.0. Findings reveal significant transformations in consultant competencies over the two decades, shaped by the region’s socio-economic evolution. Notably, perceptions of consultant competence remained stable between...
Does Foreign Direct Investment Increase Business R&D Expenditures in Host Countries?
Dušan Steinhauser
Central European Business Review X:X | DOI: 10.18267/j.cebr.403
During the current multiple crises periods, economies are trying to find their way to development. One possibility is investment in research and development (R&D). However, emerging economies often have limited resources, so they rely on stimulating R&D through FDI inflows. The question remains about the effectiveness of this path. To investigate this question methodologically, a panel regression analysis with fixed effects was applied. The presented research was inspired by the empirical finding that a correlation between FDI inflow and business expenditure on research and development (BERD) has not been proven in EU countries. However, the...
Performance Evaluation of Traditional and LCC Airlines under the Impact of Covid-19 Pandemic: A Case Study on the European Airline Market
Veysi Asker
Central European Business Review X:X | DOI: 10.18267/j.cebr.404
The objective of this study is to investigate the effects of the Covid-19 pandemic on the multidimensional performance of companies operating in the European airline transport sector. In Addition is to compare multidimensional performance of Traditional and LCC (Low Cost Carrier) airlines in the European airline transport sector across the pre-pandemic, pandemic and post-pandemic periods. In this context, the multidimensional performance of 11 airlines (6 Traditional and 5 LCC) operating in Europe for the period 2019–2022 is analysed using the LOPCOW-based AROMAN method. In the initial stage of the analysis, the variables pertaining to the airlines...
The Connectedness between Bitcoin, Stock Market, Gold, Oil, Bond and Exchange Rate: Evidence from Quantile VAR Approach and Portfolio Strategies
Zekai Şenol, Bahri Fatih Tekin
Central European Business Review X:X | DOI: 10.18267/j.cebr.405
This study examines the dynamic connectedness between Bitcoin and various financial assets, including the stock market, gold, oil, bonds, and exchange rates, as well as explores portfolio strategies involving these assets. The study covers the period from January 2, 2015, to March 1, 2024. The quantile connectedness approach and portfolio strategies are utilized in the analysis. The findings are as follows: Intermarket volatility spillover significantly increases under extreme conditions. Bitcoin emerges as a transmitter during bullish markets and acts as a receiver in bearish and normal market conditions. Gold serves as a receiver in extreme conditions...
the Impact of Job Satisfaction on Job Performance in Remote Work Contexts: An Empirical Investigation Using the JD-R Model
Yen Mac Thi Hai, Cuong Tran Thi
Central European Business Review X:X | DOI: 10.18267/j.cebr.406
The Fourth Industrial Revolution has propelled many employees to perform work from home (WFH), which has been enabled by rapid digital advancements and the integration of technology into daily workflows. This paper aims to explore the relationship between job satisfaction and job performance for employees working from home in Vietnam due to remote work policies implemented by European enterprises. Based on the Job Demands-Resources (JD-R) theory, the research model is proposed. Accordingly, hypotheses are developed, and this study applies a quantitative analysis with a research sample of 256 employees from European multinational enterprises now working...
Comparative Analysis of the Logistics Performance Index of Central and Eastern European Countries: A Hybrid LOPCOW-RAWEC Model
Emre Kadir Özekenci
Central European Business Review X:X | DOI: 10.18267/j.cebr.408
This study evaluates the logistics performance index of Central and Eastern European (CEE) countries using a hybrid Multi-Criteria Decision-Making (MCDM) model. It examines the logistics performance of CEE countries from 2010 to 2023. The countries included in this study are Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Czechia, Estonia, Georgia, Hungary, Latvia, Lithuania, Moldova, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovak Republic, Slovenia and Ukraine. The assessment of the logistics performance is conducted based on six criteria determined through a literature review: customs, infrastructure, international shipments, logistics...