Central European Business Review, 2019 (vol. 8), issue 5
Articles
The Role of Responsible Ownership and Family in Privately Held Firms with Multiple Owners: Preliminary Findings from the Czech Republic
Jiří Hnilica, Lorraine M. Uhlaner, Ondřej Machek, Ales Kubíček, Martin Lukeš, Martin Jurek, Petra Štamfestová
Central European Business Review 2019, 8(5):1-17 | DOI: 10.18267/j.cebr.231 
In privately held firms, owners are a social group of people who are aware of, interact with, and influence each other. There are dynamic relationships between them and potential clashes between self- and collective interests. At the same time, the management literature suggests that family firms behave differently than non-family firms and follow a different set of goals. This paper introduces a research framework, sample and initial findings of the Responsible Ownership Project, which aims to contribute to our understanding of how attitudes and behaviours of owners in privately held firms may influence the economic and non-economic outcomes of their...
Assessment of the Impact of Hard Commodity Prices Changes on Inflation in European Union Countries
Indrė Lapinskaitė, Algita Miečinskienė
Central European Business Review 2019, 8(5):18-35 | DOI: 10.18267/j.cebr.230
This article analyses the impact of the changes in hard commodity prices in the world commodity exchanges on the variation of countries’ general price level. In other words, this article aims to determine the impact of hard commodity prices changes on inflation. In this paper, all countries of the European Union (EU) are included in the research, and case analysis is done accordingly. The methodology applied is the following: a study of the recent scientific literature, processing and systemization of statistical data, correlation analysis and Granger causality test. The results of the research show that price changes of selected commodities...
Tax Deductibility of Interest under the ATAD in Investment Decisions
Irena Stejskalová, Petra Kozáková, Jana Pevná
Central European Business Review 2019, 8(5):36-53 | DOI: 10.18267/j.cebr.225
In 2019, the Czech Republic implemented some of the provisions under Council Directive (EU) 2016/1164, also called the ATAD (Anti-Tax Avoidance Directive). Since then, professionals in the field have been following the impact of this directive on tax legislation and accounting. However, this paper aims to show that in addition to the tax rates and the profit after tax, the ATAD will also impact financial management, specifically investment decision-making. The paper analyses a model situation based on the implementation of these regulatory measures and focuses on the effects of the new EU legislation on the interest tax shield and the overall borrowing...
Influence of Knowledge Workers Work Motivation on Their Job Performance – Results of Empirical Research
Agnieszka Bieńkowska, Beata Ignacek-Kuźnicka
Central European Business Review 2019, 8(5):54-68 | DOI: 10.18267/j.cebr.224
The article focuses on the analysis of the results of empirical research, which shows how motivation of knowledge workers influences their job performance. The analysis focuses on characteristics (that are differentia specifica) of a knowledge worker and their impact on the results achieved in their organization. It was assumed that the impact of motivation on job performance increases together with the intensity of these characteristics. Therefore, the main aim of this article is to verify the influence of motivation on knowledge workers’ job performance. In order to verify the formulated hypothesis, an empirical study with the use of a questionnaire...
Modeling Environmental Actions of Corporate Sustainable Activity: Evidence from Lithuania
Rolandas Drejeris, Danguolė Oželienė
Central European Business Review 2019, 8(5):69-93 | DOI: 10.18267/j.cebr.223
Many sources have been noted that environmental protection measures are economically beneficial as their application allows to increase the efficiency of resource use, reduce operating costs, increase company’s profit and also to avoid ecological accidents. The aim of the article is to analyse the environmental component of sustainable development in terms of its expression in the corporate activities. And according to results of analysis to create a model whose application not only demonstrates the actions needed to strengthen the environmental sustainability of corporations, but also allows an assessment of their potential and readiness for...