L2 - Firm Objectives, Organization, and BehaviorReturn

This study aims to understand the impact of organizational contingencies such as organizational culture, human resource policies and inter-organizational linkage on financial performance, using the mediating role of crisis management in energy companies in Iraq. To this end, structural equation modelling (SEM) was adopted to test the causal relationships between the study variables. An exploratory design (i.e., a questionnaire) was used to collect data from 379 workers in energy companies in Iraq. The results of this study indicate that organizational contingencies affect financial performance. Besides, crisis management provides complete mediation of the relationship between organizational contingencies and financial performance. From the practitioner's point of view, leaders and practitioners should encourage a creative culture and idea generation to give members enough power to act and focus on goals that support building sustainable organizational capacity.
Implications for Central European audience: The findings of this study contribute to providing academics and practitioners with a deep insight into the antecedents of financial performance to develop practices and policies that increase performance. 

This study aims to predict and assess the antecedents of use social commerce using dual-stage structural equation modelling and artificial neural network analysis. This study sheds light on the role of perceived risks in developing the relationship of each of the social bonds and the social network on the convenience of adopting wearable payment. The interactive role of barriers of using the wearable payment for the relationship convenience of adopting wearable payment and intention to use social commerce was also explored. Finally, this study highlighted the effect of the mediating variable of the convenience of adopting wearable payment. The survey was adopted by surveying 334 people with an online shopping experience. The results confirmed the role of interactive variables, perceived risk, and barriers of using wearable payment in increasing intention to use social commerce. On the other hand, the convenience of wearable payment adoption has fully mediated the relationship between social bonds, social network theories and intention to use social commerce.
Implications for Central European audience: The findings of this study contribute to providing academics and practitioners with a deep insight into the antecedents of social commerce to develop practices and policies that increase intentions to use social commerce.

Due to the increasing dynamics and complexity in the corporate environment, the importance of Corporate Entrepreneurship (CE) for the development and long-term sustainability of established companies’ competitive advantages is continuously increasing. However, the literature still lacks a CE framework that consolidates and integrates the different research findings illustrating the impact of particular CE drivers. We conduct a systematic literature review of the current CE research to ascertain which internal determinants promote CE in established organizations and how they nurture creativity and innovation. Building on a four-dimensional CE framework, we identify several central determinants of CE and provide practitioners in established organizations with guidelines for successful implementation of CE. By identifying several topical and outstanding issues, the paper encourages further debate and research activity.
Implications for Central European audience: This paper advanced the current CE research by systematically consolidating and integrating top management literature invoking multiple research streams and discussing several directions for further research. The developed framework reflects the current state of CE research and hence can serve as a guide for successful implementation of CE in established organizations, as well as for further investigation of the CE concept. Thus, this paper makes an important contribution to solving the puzzle of successful implementation of CE in established corporations.

Mergers and acquisitions (M&As) play an increasingly important role in the expansion of Chinese companies in the European market. The article aims to analyze the largest, in terms of value, M&As conducted by Chinese companies between 2005 and 2015 in the energy sector, in order to present the main premises and consequences of such agreements. For this purpose, the assessment was made based on case studies conducted by the Author, as well as the opinions of experts specializing in the business models of Chinese enterprises, derived from qualitative interviews. Specialized literature on the discussed forms of international expansion of Chinese enterprises was also used. Based on the case study method, analysis of the agreements shows that decisions on conducting M&As are strongly influenced by the adopted strategic directions of the companies’ development, their desire to develop a competitive position on the market and improve their financial condition. The effects, in turn, were addressed, taking into account the dimensions of the strategic and tactical importance for companies.

With ongoing globalization and the resulting growing competitiveness on most markets, companies are under constant pressure to increase the effectiveness and efficiencies of their operations. The focus of this paper is placed on one of the core business management processes - on planning, namely on Sales and Operations Planning (S&OP) and its latest development stage, nowadays often recognized under the term Integrated Business Planning (IBP). The author's experience from leading the global implementation of IBP in a multinational chemical company is reflected in the proposition of how IBP can serve as an effective tool for execution of business strategy. The article further illustrates how different generic strategies and product portfolio models of the companies impact the set-up of an IBP process. As the IBP concept is applicable for almost all businesses and markets, it can be used broadly as an effective tool for facing the challenges of economic and financial crisis.

The automotive industry is a key sector of the Czech national economy. Its share of GDP represents more than 8% and the Czech Republic is the 14^th biggest producer of personal cars in the world. The goal of this article is to analyze the development of the customer portfolio of automotive suppliers in the Czech Republic from the perspective of their international location. The diversification of the portfolio can be measured in many ways. The approach in this article relies both on the usual statistical tools (concentration ratio, Lorenz curve, Gini coefficient, Herfindahl-Hirschman index) and on specific approaches such as the number of partners, geographical diversification and average distance travelled by exported component. Even though the export volume has been dynamically growing, it has remained focused on a limited number of crucial countries, which are mostly located in the close neighborhood of the Czech Republic.