Central European Business Review, 2023 (vol. 12), issue 3
Articles
The Impact of Corporate Governance Quality on Firm Value: A Case Study on Corporate Governance Index of Borsa Istanbul
Mehmet Biçer, Ahmet Şit
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...
Cultural Differences in Coping with Changes in the External Environment: A Case of Behavioural Segmentation of Senior Consumers Based on Their Reaction to the COVID-19 Pandemic
Janka Kopaničová, Dana Vokounová
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...
Evolvement of Global Value Chain Positions in Central and Eastern European Countries: A New Dimension in Catching Up?
Zoltán Fülöp
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...
Marketing Perspectives on Supply and Demand in the Sharing Economy: Who Are the Target Generations?
Pavel Pelech
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...
Impacts of Implemented Changes on Business Performance of Slovak Enterprises
Andrea Sujová, Ľubica Simanová
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....
Use of Controlling Instruments in Croatian Companies during the Pandemic
Vlasta Roška, Vesna Sesar, Anđelka Buneta
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...
Discussion
Trends in Performance Research in Relation to Business Strategy: Bibliometric Analysis and Text Mining
Iveta Musilová, Jiří Dvořák, Jaroslav Jánský, Vladimír Bolek
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...