Central European Business Review 2023, 12(4):33-57 | DOI: 10.18267/j.cebr.331
The digital transformation (DT) process, which has been experienced intensely recently, can radically change all business processes, models and structures of organizations. Change and transformation, which are focused on efficiency and productivity, also trigger stress from time to time. Public institutions are also adopting DT processes. In this study, the relationship between technostress faced by organization employees in the DT process and employee performance is examined. The mixed method is used in the study. As a sample, 351 central career experts working in primary units of public institutions are selected, and the data are analysed using IBM...
Central European Business Review 2023, 12(4):1-31 | DOI: 10.18267/j.cebr.330
The objective of the paper is to assess the advantages and disadvantages of costing methods for companies in the engineering sector. We compare traditional costing methods (absorption costing and marginal costing) with the activity-based costing (ABC) method. The analysis is carried out in Slovakia and Czechia. We examine the reasons for the transition to the ABC method and also the reasons for continuing to use the traditional marginal costing method. For statistical analysis, we use the chi-squared test, the chi-squared data distribution test, the Wilcoxon paired test and the Mann-Whitney U-test for two independent selections. We use each of these...
Central European Business Review 2023, 12(3):143-174 | DOI: 10.18267/j.cebr.323
This literature review aims to assess the evolution of performance monitoring articles in relation to the business strategy based on an overview of articles indexed in the WoS and Scopus databases. The initial dataset of articles was obtained based on carefully developed keywords. In the second phase, we restricted the selection to business and management journal articles and reviews written in English before 2019. The authors simultaneously reviewed the abstracts of all 571 articles in the third phase of the study. These were subsequently re-read and limited; thus, the final dataset for further analysis includes 157 articles published between 1983...
Central European Business Review 2023, 12(3):123-141 | DOI: 10.18267/j.cebr.329
Nowadays, in times of the corona crisis, controlling is gaining much attention because it represents an effective internal mechanism that can greatly contribute to a timely and rapid response to changes. Controlling activities reflect the quality of company management at the strategic, tactical and operational levels. In doing so, controlling uses appropriate instruments and contributes to business efficiency and effectiveness. The research aims to determine the current state of controlling instrument application (operational/strategic) in companies. Furthermore, we examine the role of controlling in stabilizing business operations and adjusting business...
Central European Business Review 2023, 12(3):103-122 | DOI: 10.18267/j.cebr.328
The paper aims to investigate the relationship between performing changes and business performance represented by the return on equity (ROE) indicator, and to point out the importance of changes and their management in Slovak enterprises. Relevant data from enterprises in the Slovak Republic were obtained through an online research questionnaire. The evaluation of the questionnaire was carried out using the software program STATISTICA 12 CZ – Stat Soft. Inc. (2013). Mathematical-statistical methods were used to examine and evaluate the interrelationships and the effects of individual factors in the implementation of changes on business performance....
Central European Business Review 2023, 12(3):81-101 | DOI: 10.18267/j.cebr.327
The sharing economy is an interesting socio-economic system that has been studied by many researchers worldwide. It is an area that will affect the patterns of behaviour, processes and thinking experienced in various fields. The sharing economy is specific in that some people who have an asset they do not fully use may be willing to share it with consumers who do not have the asset but need it for a specific reason but are unable to or do not want to buy it. Platforms operating in the sharing economy need to know whom to target with their marketing strategy to spend marketing costs effectively. We used cluster analysis, a chi-square test, a Kruskal-Wallis...
Central European Business Review 2023, 12(3):47-80 | DOI: 10.18267/j.cebr.326
The paper examines the evolvements in the global value chain positions of the Central and Eastern European (CEE) countries. This approach enables us to reveal both economic and sector-level structural changes in the economic catching-up process. To study the structural patterns, we developed a modified smile curve framework that combines the value-added ratio and upstreamness index. Data were derived from the WIOD database from 2000 to 2014. By undergoing a significant catch-up in the last decades, CEE countries have shown considerably different patterns in their evolvements of GVC positions. Regarding the economy level, we concluded that leading economies...
Central European Business Review 2023, 12(3):21-46 | DOI: 10.18267/j.cebr.325
A sudden change in the external environment, such as the COVID-19 pandemic meant for senior customers in CEE, required coping mechanisms to adapt and a significant change in behavioural patterns. The paper presents the social and customer behaviour changes among elderly citizens caused by the pandemic and aims to identify regional differences in adapting to these changes. Results from CATI interviews of 5875 participants from Germany, the Czech Republic and Slovakia, which were conducted as a part of the international SHARE project, bring a deeper understanding of regional differences. Behavioural segmentation made in each of the studied countries...
Central European Business Review 2023, 12(3):1-19 | DOI: 10.18267/j.cebr.324
The main purpose of this study is to investigate the effect of corporate governance quality on the firm value of companies operating in the Borsa Istanbul (BIST) Corporate Governance Index. Analyzes were made with the data of the 51 companies operating in the BIST Corporate Governance Index for the 2015-2019 period. The GMM techniques were used as a method. AMG method was also used to consolidate the results obtained from the GMM method and to create robustness. The results indicated that the corporate governance quality of companies has positive effects on firm value. The most important finding that reflects the purpose of the research is that companies...
Central European Business Review 2023, 12(2):105-130 | DOI: 10.18267/j.cebr.317
Currently, economic development of countries and regions is not possible without the implementation of the European Green Deal. A set of policy initiatives by the European Commission is closely related to concepts such as greening the economy, green finance, climate finance, climate change adaptation and mitigation, environmental protection and others. This research is dedicated to highlighting the role of green finance in environmental protection and development of the financial sector. Green finance connects the worlds of finance and business with environmentally friendly behaviour. In principle, all strategic decisions made by business organisations...
Central European Business Review 2023, 12(2):87-104 | DOI: 10.18267/j.cebr.322
The revolutionary advancement of technology in the past decade brought the attention of academics and management practitioners to ways of improving innovative capabilities of organizations. Advice-seeking relationships have an essential role in the knowledge production of modern-day organizations as they enable actors to acquire information, professional support and knowledge elements that they can recombine to form new knowledge. This paper conceptualizes advice-seeking behaviour as part of an inherently complex social world that can best be captured by a multiplex approach to organizational network research. It investigates how different layers of...
Central European Business Review 2023, 12(2):61-85 | DOI: 10.18267/j.cebr.321
Successful service recovery is one of the major tasks for every service provider. This paper transfers the theory of service recovery from traditional industries to the spectator sport context, more precisely to football. A satisfied and committed consumer is one of the main goals for every business entity, as well as for football clubs. The main purpose of this paper is to examine factors that predict satisfaction with service recovery and its outcomes in the context of the spectator sport industry. The research methodology used previously established scales related to service recovery satisfaction in terms of other industries, which are modified...
Central European Business Review 2023, 12(2):37-59 | DOI: 10.18267/j.cebr.320
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...
Central European Business Review 2023, 12(2):19-36 | DOI: 10.18267/j.cebr.319
In the post-covid world, governments explore options to enhance their policies so that corporations can act as successful motors of recovery and sustainable growth. Countries select various objectives related to global value chains (GVC), such as participation, value capture, inclusiveness and resilience, yet might be unaware of the position of corporations they are supposed to motivate. In this paper, we aim to (re-)investigate the position of Visegrad Four (V4) suppliers within the regional automotive value chains and to compare results with suppliers in other EU member states using the trade in value added (TiVA) statistics. We set two research...
Central European Business Review 2023, 12(2):1-17 | DOI: 10.18267/j.cebr.318
The EU has stepped up its efforts to reinforce its presence in Asia, especially in the Indo-Pacific region, due to its increasing geo-strategic importance for the EU, high mutual interconnectedness, as well as trade and investment engagement. In September 2021, the EU adopted its first Indo-Pacific Strategy. The aim of the paper is to point out the development of the partnership between the EU and the Asian (Indo-Pacific) region based on an evaluation of an analysis of trade and investment cooperation between the EU and India with a focus on mutual trade and investment relations between the Visegrad Group countries and India (and point out the comparative...
Central European Business Review 2023, 12(1):133-163 | DOI: 10.18267/j.cebr.316
The true identity of brands fades with changes in the market environment. Growing concerns regarding the decline of long-established brands have caught the attention of academicians and practitioners both. There is undivided attention witnessed in literature to develop a research framework to identify antecedents and intervening factors and their impact on Brand Revitalization. The primary aim of the study is to categorise identified variables into different approaches and integrate intervening variables to propose a research framework for empirical validation. Based on the systematic literature review approach, 93 studies from more than three decades...
Central European Business Review 2023, 12(1):115-132 | DOI: 10.18267/j.cebr.312
With the increasing complexity of economic systems caused by the intensification of European integration processes and the general globalisation trend, the problems of ensuring the optimal operation of transport companies are becoming especially important. Given these facts, the article's purpose is to develop and test a structural modelling algorithm based on the system state indicator (entropy of the structure of the export freight system). Research methods used in the article include: statistical (structure and dynamics analysis), systematisation and comparison, system analysis methods (entropy characteristics), and mathematical programming methods....
Central European Business Review 2023, 12(1):97-114 | DOI: 10.18267/j.cebr.314
Perceived price and perceived quality are two generic factors influencing purchasing decisions. Their importance is also connected with the effect of the country of origin. The main aim of the article is to examine the perception of price and quality in the context of individual countries of origin of the European Union and influence of the consumer ethnocentrism on this perception. From the point of view of methodology, we use general philosophical-scientific methods (analysis, synthesis, scientific abstraction etc.) and, to a large extent, also methods of descriptive and inductive statistics. Specifically, we use correlation analysis to examine the...
Central European Business Review 2023, 12(1):65-95 | DOI: 10.18267/j.cebr.313
The Covid-19 pandemic highlighted the cardinal intent, in which digital technologies play a key role in building a sustainable future, revealing disparities between digitally equipped companies and those that are still implementing digital solutions. It showed the difference between urban, rural and remote areas with good connections. This paper is divided into two parts. The first aim is to evaluate the performance of the digital economy and society according to its basic dimensions and quantify and compare the position of 28 European Union countries (considering Great Britain as a member) in the international area using DESI - (Digital Economy and...
Central European Business Review 2023, 12(1):21-64 | DOI: 10.18267/j.cebr.315
There is a great contrast between the real role of accounting and its public perception. Accounting can be regarded as the language of business operations, but it is also the representative and manipulator of corporate operations and culture. The major challenge of accounting is whether it allows the most honest and knowledgeable managers to make outstanding reporting decisions while preventing the others on the other side of the honesty competence scale from distorting what they know about their company. This study presents the results of the authors’ empirical research about the opinions of accounting practitioners in Romaine on the values,...
Central European Business Review 2023, 12(1):1-20 | DOI: 10.18267/j.cebr.311
The appearance of coronavirus in the spring of 2020 has significantly revalued risk exposures in the business environment, which required new approaches in the measurement of financial risks. This paper defines and explains a new approach to the measurement of liquidity risk in companies in a time of an economic crisis. This approach is more responsive to stressful circumstances in the business environment and measures the time in an economic crisis when a company can still pay maturing liabilities out of its own inventory of liquid assets, where sales of a company on the market are limited or completely prohibited, as this was the case for some industries...
