Central European Business Review, 2022 (vol. 11), issue 3

Articles

Can Investment Incentives Cause Unemployment? An Empirical Analysis of The Relationship Between FDI and Employment Based on The OLI Framework

Tomáš Evan, Ilya Bolotov

Central European Business Review 2022, 11(3):1-16 | DOI: 10.18267/j.cebr.291  

Particularly in depressed regions, politicians often use unemployment as the main argument for investment incentives provided to MNCs. This paper applies Dunning’s OLI Framework to the relationship between FDI and employment, assuming that political negotiation between MNCs and the host government might have a zero or negative effect on employment. Since the last letter of OLI, internalisation, suggests that MNCs optimise all production factors available to them and “subsidies” provided to MNCs by governments decrease the relative price of capital, MNCs may use more labour-saving techniques. Two hypotheses are tested using the dynamic...

Antecedents and Consequences of Consumer Hope for the Brand of Hydroderm with the Moderating Role of Brand Charisma

Abbas Ali Rastgar, Ghazale Taheri, Hooshmand Bagheri Garbollagh, Omid Solatinejad

Central European Business Review 2022, 11(3):17-38 | DOI: 10.18267/j.cebr.293  

With the expansion of different brands in similar classes of products and the close competition of brand owners in attracting and retaining more customers, the production of ethical brands that are subject to ethical principles in all stages of the process of supply, production, presentation, and sale of products has become one of the most important factors in creating superiority and brand differentiation in expanding customer communication and interaction with the brand. Given the importance of the role of brand ethical value in establishing effective customer relationships with the brand, this study aimed at investigating the predictions and consequences...

What Situations Cause Crucial Financial Decisions within Social Businesses?

Jarmila Duháček Šebestová, Petra Krejčí, Žaneta Rylková

Central European Business Review 2022, 11(3):39-54 | DOI: 10.18267/j.cebr.294  

The growing uncertainty in today’s business environment has a significant influence on social business’s behaviour. Those enterprises could rely on public support in the past, but nowadays, they have to find a way to be more responsible about their social activity and be financially independent on public resources. Based on this theoretical background, the paper’s main goal was to find a set of factors that influence crucial financial decisions within a crisis. When social businesses create an optimal financial portfolio to be financially sustainable, primary research was conducted. A sample of 57 social businesses was asked about...

Determination of the Level of Strategic Management in SMEs

Monika Maříková, Ladislav Rolínek, Jaroslav Vrchota, Petr Řehoř

Central European Business Review 2022, 11(3):55-78 | DOI: 10.18267/j.cebr.296  

Intensive attention has been devoted to strategic management recently as it is one of the tools which is capable of leading the enterprise to succeed in the long term. In spite of this, it is mostly connected with big organisations. Managers underestimate SMEs often and do not apply the strategic management methods in the way they could. Using strategic management in small enterprises is not sufficiently described in the professional literature. The target of this article is to determine the level of strategic management in SMEs by means of the created LSM (level of strategic management) indicator. Data were found out for 156 enterprises through the...

Does Fiscal Policy Matter for Business R&D Investment? Panel Data Evidence from Central and Eastern Europe

Gayane Shakhmuradyan

Central European Business Review 2022, 11(3):79-96 | DOI: 10.18267/j.cebr.297  

This paper examines the impact of fiscal policy on business investment in research and development (R&D). Panel regression models – with independent variables for the total tax and contribution rate, government appropriations and outlays for R&D, and the R&D tax subsidy rate – are set up to examine cross-country differences in business investment in R&D, with a set of control variables. The latter include, most notably, the number of full-time researchers, tertiary education attainment, the protection of intellectual property rights, governance, the long-term interest rate, and trade openness. The panel encompasses eleven...

Discussion

Understanding the Budapest Entrepreneurial Ecosystem: Human Capital Flows and Social Capital Ties

Loretta Huszák, Tim Gittins

Central European Business Review 2022, 11(3):97-125 | DOI: 10.18267/j.cebr.295  

Socio-economic transition in the CEE (Central and Eastern Europe) region in recent decades forms the operating context for young entrepreneurial ecosystems. This study has the aim of analysing institutional and cognitive features of CEE ecosystem development by considering Budapest as a prime example of an urban entrepreneurial ecosystem. Alongside the analysis of event registration data, a qualitative research approach is deployed featuring semi-structured interviews with entrepreneurs and other institutional actors attending a networking event in Budapest. The methodological foundation for this approach is adapted from Triple Helix ecosystem theory....