Central European Business Review, 2025 (vol. 14), issue 1
Articles
Impact of Non-Financial Reporting Directive in Energy Industry: Case of Czech Republic
Hana Bohušová, Patrik Svoboda, Veronika Linhartová, Renata Skýpalová
Central European Business Review 2025, 14(1):1-18 | DOI: 10.18267/j.cebr.378 
The objective is to assess the quality and quantity of non-financial disclosures required by Directive 2014/95/EU for companies operating in the energy sector in the Czech Republic before and after the introduction of the obligation of non-financial disclosure for large publicly traded companies. The information disclosed by companies is the subject of quantitative research. Non-financial information in the form of annual reports or sustainability reports before (2015, 2016) and after (2017–2021) the introduction of the duty of non-financial reporting was the subject of the analysis. The textual analysis of these reports was carried out using...
Identifying Positioning Axes for Building Brand Equity in Cork Fashion Products
Paulo Botelho Pires, Fabiana Oliveira de Sousa, José Duarte Santos
Central European Business Review 2025, 14(1):19-55 | DOI: 10.18267/j.cebr.374
Cork is a natural, recyclable, non-toxic and renewable resource with unique functional characteristics that is part of a self-sustaining sector. It is increasingly being applied to fashion brands from its traditional use in the wine and construction sectors. This shift is posing new challenges, starting with the determination of the positioning axes that are viable to create brands with value. To answer this question, the methodology used consists of a three-step sequence that includes a series of interviews to identify potential positioning axes, a questionnaire with 152 answers to confirm the validity of these axes and then applying partial least...
Do Global Disruptive Events Induce Herding Behaviour during Upward and Downward Market Movements? The Evidence from Nordic and Baltic Stock Markets
Renata Legenzova, Gintarė Leckė, Justė Juknevičiūtė
Central European Business Review 2025, 14(1):57-73 | DOI: 10.18267/j.cebr.375
Over the recent decades, the world has experienced several major disruptive events with far-reaching global impacts on societies, economies and financial systems. This study investigates the financial market reactions to one of the most recent global disruptive events, the COVID-19 pandemic, focusing on the role of investors' herding behaviour during uncertainty. While previous research has mainly explored this on Asian and American markets, our study addresses this gap in understanding Northern European reactions, particularly in rising and falling markets, and aims to explore the existence of herding during the COVID-19 pandemic and to further investigate...
Dynamic Panel Estimation of the Deaton Paradox
Adam Ruschka, Martin Janíčko, Helena Chytilová
Central European Business Review 2025, 14(1):75-104 | DOI: 10.18267/j.cebr.376
This paper estimates the presence of the Deaton paradox in Europe. Using panel data for 24 countries ranging from 2000 to 2021, we estimate the presence of excess smoothness of consumption. We use the generalised method of moments (GMM) estimator. We cluster our dataset, which lowers the data variability, and use both quarterly and monthly data to obtain robust estimates. We broaden our knowledge of the Deaton paradox in a new direction by using a combination of uncommon datasets, GMM and clustering. Our findings indicate that traditional economic theories about consumption may not be applicable. The evident excess smoothness in consumption patterns...
Factors Influencing Organisational Commitment in Organisations during Covid-19 Pandemic
Kamila Ludwikowska, Anna Koszela
Central European Business Review 2025, 14(1):105-123 | DOI: 10.18267/j.cebr.379
With the COVID-19 pandemic, organisations faced profound social and economic upheaval. These circumstances forced organisations to make major changes. In the face of these changes, nurturing employee engagement and fostering a sense of belonging to the company have emerged as new challenges. Organisational commitment appears to be an important factor in ensuring that employees remain in the organisation despite the crises that occur. Therefore, the objective of this paper is to investigate the determinants of the organisational commitment of employees from the level of human resource management (HRM) policy during the COVID-19 pandemic. In particular,...
Analysis of Procrastination at Work and Employee Demographic Profiles in Slovak Smes
Nikoleta Hutmanová, Zuzana Hajduová, Peter Dorčák, Noémi Fóthy
Central European Business Review 2025, 14(1):125-141 | DOI: 10.18267/j.cebr.377
More efficient and productive employees enable businesses to achieve better results, innovate, enhance the quality of products and services and respond to changing market conditions. The research therefore focuses on an analysis of procrastination at work in Slovak SMEs. We focus on the prevalence of procrastination and demographic determinants that were investigated and analysed among 253 administrative employees of various SMEs in Slovakia. Quantitative research was carried out by online inquiry using the standard questionnaire Procrastination at Work Scale, which focuses on online and offline employee procrastination and its total score. Small and...