Central European Business Review, 2016 (vol. 5), issue 4



Ondřej Machek

Central European Business Review 2016, 5(4):3 | DOI: 10.18267/j.cebr.161


Construction and Application of Radical Candor: Efficiency of Criticism at Work

Marek Vich, Marina Y. Kim

Central European Business Review 2016, 5(4):11-22 | DOI: 10.18267/j.cebr.163

Negative feedback has been repeatedly identified as beneficial for organizational learning, adaptability, and performance. Despite having these advantages, most organizations still do not use negative feedback to its full potential, as they fail to spread it correctly among their members. The application of negative feedback, therefore, faces several issues like misuse or process avoidance that are mostly driven by psychological factors. The purpose of this paper is to discuss potential benefits of a newly emerged organizational approach called radical candor for contemporary state of the art in feedback-related behavior and to propose how it might...

Management under Limited Information - The Measurement of Off-Balance Sheet Assets at Hungarian firms

Péter Juhász

Central European Business Review 2016, 5(4):23-33 | DOI: 10.18267/j.cebr.164

Relying on three questionnaire-based surveys from 2004, 2009 and 2013, each covering around 300 top financial managers of different Hungarian manufacturing and service companies, this article analyzes how the perception and measurement of intellectual capital (IC) elements has changed. Instead of focusing on stock exchange prices or case studies of individual firms, this research is unique for using a database on the opinion of top managers over a decade. After the managers, IC has slightly gained importance giving 48-51 percent of the firm value during the years analyzed, still, most companies give little attention to measuring these items correctly....

Comparative Advertising in the Czech Republic: An Empirical Study

Petr Král, Martin Machek, Tomáš Karel

Central European Business Review 2016, 5(4):34-46 | DOI: 10.18267/j.cebr.165

Comparative advertising had been traditionally banned in most EU countries and was allowed by the European law just relatively recently. That is why in the EU this form of advertising is relatively new, as opposed to the situation in the US, where comparative advertising has been widely used and well accepted by consumers for decades. The literature has been silent on the topic of the effectiveness of comparative advertising in the Czech Republic, as well as in other Central and Eastern European countries. The goal of this paper is to investigate the effectiveness of comparative advertising campaigns in the Czech Republic. Using an online survey with...

Stress Indicator for Clearing Houses

Edina Berlinger, Barbara Dömötör, Ferenc Illés, Kata Váradi

Central European Business Review 2016, 5(4):47-60 | DOI: 10.18267/j.cebr.166

As a regulatory answer to the crisis, financial instruments are increasingly forced to be cleared centrally even in the OTC markets; therefore, risk management of central clearinghouses has become a central issue. A key term of the regulation is a stress event; however, it is not specified in the legislation what should be meant under stress in the case of a clearinghouse. To find an objective stress indicator, we built up a micro-simulation model of a hypothetical clearinghouse operating on the US equity market between 2007 and 2015. Based on this, we developed a logit regression model to specify an appropriate stress indicator and we showed that...

Work-Related Attitudes of Czech Generation Z: International Comparison

Jaroslava Kubátová

Central European Business Review 2016, 5(4):61-70 | DOI: 10.18267/j.cebr.167

The goal of this article is to present work-related attitudes of a sample of Czech Generation Z and their comparison to the results of an international research study. Currently, there are three important trends influencing the labor market: (1) the origin and development of a ubiquitous working environment, (2) the thriving of coworking centers, and (3) Generation Z's entering the labor market. Instead of traditional jobs, the bearers of human capital tend to choose independent work in an online environment, and often work in coworking centers. Using self-determination theory, we substantiate why they thrive better this way. Based on the results of...

Editor's Note

Mintzberg, Management, and Prague

Richard Brunet-Thornton, Ondřej Machek

Central European Business Review 2016, 5(4):5-10 | DOI: 10.18267/j.cebr.162


Existing Forms of Social Enterprises in Hungary With Particular Regard To Social Cooperatives

Eszter Barakonyi

Central European Business Review 2016, 5(4):71-78 | DOI: 10.18267/j.cebr.168

Communal forms of employment have deep roots in Europe; however, these definitions have not been clarified in Hungary yet. This is partly due to the lack of exposure, and partly due to the lack of a proper, sophisticated regulation framework. The goal of this paper is to organize general terms and aims, introduce the institutional environment, and to highlight problematic areas.