Central European Business Review, 2022 (vol. 11), issue 2
Articles
The Reliance of the Czech Economy on Its Automotive Sector
David Mareš, Martin Janíčko
Central European Business Review 2022, 11(2):1-17 | DOI: 10.18267/j.cebr.285 
This paper explores the relationship between the performance of the Czech automotive industry and the performance of the Czech macroeconomy with an objective to fill in some existing gaps in the research on this topic. An overreliance on one sector could have harmful consequences for the competitiveness of the entire economy but sometimes also for the sector itself, particularly in the long run. We test several hypotheses in this context using two frameworks: a vector autoregression model with exogenous drivers and a vector error correction model, both built on quarterly time series data in the period ranging from 2000 to 2017 and validated out-of-sample...
Training Perception and Work Engagement: The Mediating Role of Organisational-Based Self-Esteem and Self-Efficacy
Phuong Tran Huy, Thi Ngoc Quynh Dinh
Central European Business Review 2022, 11(2):19-40 | DOI: 10.18267/j.cebr.286
This article aims to investigate the impact of training perception on work engagement. In addition, self-efficacy and organisational based self-esteem are hypothesised as mediators of the above relationship. Data were collected from employees in Vietnam using a self-administered questionnaire survey. Path analyses with Structural Equation Modelling (SEM) were used to verify the proposed relationships. The results show that both perceived training benefits and transfer of training significantly and positively influence work engagement. In addition, organisational based self-esteem partially mediates the impact of perceived training benefit on work engagement....
Who Feels No Fear? Exploring the Drivers of Entrepreneurial Fear of Failure among Non-Entrepreneurs in Slovakia
Marian Holienka, Diana Suchankova, Peter Psenak
Central European Business Review 2022, 11(2):41-60 | DOI: 10.18267/j.cebr.287
Failure is an inseparable part and probably the most likely outcome of entrepreneurial activity. Fear of failure is among the key factors that hinder individual entry to the entrepreneurial path. While entrepreneurship literature mostly deals with its consequences, considerably lower attention has been paid to understanding its drivers. This is especially true in the Central European region, Slovakia not being exempt. Thus, our paper aims to fill this gap by analysing factors driving the entrepreneurial fear of failure among non-entrepreneur individuals in Slovakia. In doing so, we rely on the 2019 Global Entrepreneurship Monitor data for Slovakia...
The Impact of Institutional Environment on Risk Assessment
Dušan Steinhauser, Zuzana Borovská
Central European Business Review 2022, 11(2):61-79 | DOI: 10.18267/j.cebr.288
The purpose of this research is to investigate the relationship between the institutional environment of the studied countries and the Coface Country Risk Assessment. To meet this object, we used quantitative methods in the form of descriptive and regression analysis. The result was an evaluation of the actual Coface Country Risk Assessment and its value prediction for chosen countries. The authors quantified the impact of the institutional environment using The Heritage Index of Economic Freedom subindexes on the risk assessment indicator of the major private insurance company Coface, which is not so often used in the scientific sphere and is regularly...
Debt or Profit Shifting? Assessment of Corporate Tax Avoidance Practices across Lithuanian Companies
Egidijus Kundelis, Renata Legenzova, Julijonas Kartanas
Central European Business Review 2022, 11(2):81-100 | DOI: 10.18267/j.cebr.290
Tax avoidance became a frequently observed practice in a global business environment. Multinational enterprises (MNEs) employ differences between statutory tax rates of their home countries and countries of their subsidiaries, aiming to achieve the effective tax rate being lower than the statutory one. MNEs enable tax avoidance practices via multiple channels, transfer pricing and debt shifting being among the most popular among them. The goal of this article is to evaluate if MNEs operating in Lithuania, a small open economy of Central and Eastern Europe (CEE), are engaging in tax avoidance practices, and if yes, what channel debt shifting profit...
Consumer Perception of Quality of Clothing Products: A Lesson for the Business Sector Arising from Czech Evidence
Vít Hinčica, Anna Svobodová, Hana Řezanková
Central European Business Review 2022, 11(2):101-121 | DOI: 10.18267/j.cebr.292
The paper assesses the perception of clothing products’ quality using two independent samples of Czech respondents answering a questionnaire. It fills the current research gap in revealing how the quality of clothing products is currently perceived by different socio-demographic groups and whether other factors neglected previously (e.g., type of store, store’s trade name, etc.) contribute to the perceived garment quality. The results show that age plays an important role in assessing some of the parameters by which people define whether garments are quality garments. This demographic criterion also influences the intensity of quality consideration...