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Coaching and Mentoring as a Tool for Individualisation in Employee Learning and Development and Their Impact on Business Performance: The Mediating Role of Line Managers’ Involvement in HR Processes Observed in Medium and Large EnterprisesZuzana Joniaková, Branislav Zagoršek, Hana Gažová Adamková, Soňa ĎurišováCentral European Business Review 2026, 15(2):113-132 | DOI: 10.18267/j.cebr.411 Contemporary Human Resource Management (HRM) emphasizes individualized approaches to employee learning and development (ILD), such as coaching and mentoring, and assigns key roles to line managers in HR processes. While both elements are recognized separately for their benefits, the joint impact of ILD and line managers' involvement (LMI) on overall company performance (CP), including productivity, innovation, and environmental effects, has not been extensively studied at the organizational level. This study investigates this relationship using data from a large-scale CRANET survey of 4145 medium and large companies across 38 countries. Utilizing Covariance-Based Structural Equation Modelling, the research tested a model examining the direct effect of ILD on CP and the mediating effect of LMI. The findings confirm a positive and significant direct relationship between individualized learning and development and company performance. The study also found that line managers' involvement positively mediates this relationship, which strengthens the effect. However, the analysis revealed that the direct effect of ILD on CP is substantially larger than the indirect effect mediated by LMI. These results provide clear direction for practitioners. Practitioners should incorporate individualized development methods, such as coaching and mentoring, while strategically leveraging managerial involvement to optimize business outcomes. Companies aiming to boost productivity, innovation, and environmental performance should include the implementation of ILD approaches. Simultaneously, they should support line managers in their HR roles as their involvement, although not the main driver, positively contributes to the overall impact. Implications for Central European audience: For Central European audiences, the sources reveal a significantly lower use of individualized learning and development compared to global averages. The study highlights a strategic opportunity for companies in Central Europe to boost competitiveness and innovation through coaching and mentoring. Theoretically, the study confirms a direct link between ILD and organizational performance, followed by further practical implications driven by individualization in LD and the usage of i-deals for increased engagement. Personalized development serves as the primary driver of improved performance. |
Evolvement of Global Value Chain Positions in Central and Eastern European Countries: A New Dimension in Catching Up?Zoltán FülöpCentral 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 can be described by a “U”-shaped smile curve over the period. There are two further dominant patterns that have become widespread among the CEE countries. Until 2014, the most common structure is marked by a “/” shape, which reflects an upstream-weak economy (e.g., BGR 2000; HUN 2000; LVA 2014). The second most common structure is marked by an inverted “U” shape (“^” shape), which denotes a manufacturing-heavy economy (e.g., EST 2000; POL 2000; HUN 2014; POL 2014). There is no significant difference in the added value ratio of the manufacturing sectors compared to the western countries. |
Agri–Entrepreneurship: Measurement and Evaluation of Intellectual Capital PotentialJadranka Deže, Tihana Sudarić, Ljubica RanogajecCentral European Business Review 2023, 12(5):71-92 | DOI: 10.18267/j.cebr.339 In Central and Eastern European (CEE) business conditions, intellectual capital is becoming increasingly important as a form of intangible rather than tangible capital. The aim of this study is to determine the structure of intellectual capital, identify determinants and evaluate their values for agri-entrepreneurship development. Thereby, potentials are identified and strategic guidelines are created. The research methodology is based on a measurement and evaluation process using calculations of importance weights and ratings and values of all attributes and determinants. It is recognized as human, structural and consumer capital with different attributes and descriptions. Four research questions are tested through research and analysed with a primary focus on the measurement and evaluation of attributes. The results show a predominant value for entrepreneurs' abilities in human capital. Agri-entrepreneurs are found to have the greatest potential in the organizational structure for structural capital. The distribution channel has the highest value in consumer capital. Moreover, the study shows that human capital has the highest value and potential for agri-entrepreneurship development compared with consumer and structural capital. A strategic analysis is applied to connect the proposed guidelines. This research on intellectual capital potential establishes guidelines for strategic goals on which entrepreneurs should focus to increase their competitiveness on the market. |
HRM Policies and SMEs Performance: The Moderating Role of CSR OrientationGregorio Sánchez-Marín, Gabriel Lozano-Reina, Mané BeglaryanCentral European Business Review 2022, 11(1):85-110 | DOI: 10.18267/j.cebr.279 A growing interest in human resource management (HRM) in small and medium enterprises (SMEs) has not been accompanied by increased knowledge of how different HRM policy orientations can affect SMEs' effectiveness. In this way, the goal of this paper is twofold: to test whether the orientation of HRM towards high-performance work practices (HPWP) –represented by the Abilities-Motivation-Opportunities (AMO) framework– allows SMEs to achieve better performance and to test the moderating role of corporate social responsibility (CSR) orientation. Based on a telephone questionnaire together with data collected from a sample consisting of 1,136 Spanish SMEs that operate in the industrial or services sector, our results show that SMEs perform better when HRM policies are oriented towards the AMO model. In addition, our findings highlight that this performance impact of orienting HRM towards HPWP is positively moderated by a CSR orientation. This paper thus complements HRM-related literature by adding new evidence exploring the impact of the AMO model on firm performance as well as the role played by CSR orientation within the SME context. |
Competence of Audit Committee Members concerning the External Audit EthicsDarko Dachevski, Barry AckersCentral European Business Review 2024, 13(5):23-50 | DOI: 10.18267/j.cebr.370 This study investigates the impact of audit committee members’ competence on the ethical aspects of external audits and its influence on the audit quality of public interest entities (PIEs). Using a mixed-method approach, including surveys with respondents at audit firms and PIEs in Europe and semi-structured interviews with participants at PIEs in Europe, the findings highlight the importance of pre-appointment training for audit committee members concerning external audit ethics. This pre-appointment training would enable audit committee members of PIEs to evaluate whether external auditors and audit firms should implement appropriate safeguards and mitigations to ensure the ethical audit practices of PIEs. The study recommends stringent global regulatory provisions mandating specific guidelines for PIE audit committees for assessing external auditor independence and minimizing potential conflicts of interest to preserve the PIE audit quality. |
AI Implementation by Small Entrepreneurs in Russia: Flowers Grow also on StonesAlexander Chepurenko, Yulia DormidontovaCentral European Business Review 2026, 15(2):69-90 | DOI: 10.18267/j.cebr.416
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Comparative Analysis of the Logistics Performance Index of Central and Eastern European Countries: A Hybrid LOPCOW-RAWEC ModelEmre Kadir ÖzekenciCentral European Business Review 2026, 15(1):89-109 | DOI: 10.18267/j.cebr.408 This study evaluates the logistics performance index of Central and Eastern European (CEE) countries using a hybrid Multi-Criteria Decision-Making (MCDM) model. It examines the logistics performance of CEE countries from 2010 to 2023. The countries included in this study are Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Czechia, Estonia, Georgia, Hungary, Latvia, Lithuania, Moldova, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovak Republic, Slovenia and Ukraine. The assessment of the logistics performance is conducted based on six criteria determined through a literature review: customs, infrastructure, international shipments, logistics competencies, quality, timeliness, and tracking and tracing. Data is obtained from the Logistics Performance Index (LPI) reports published by the World Bank. The criteria weights are determined using the Logarithmic Percentage Change-driven Objective Weighting (LOPCOW) method, while the countries' logistics performance is ranked based on the Ranking of Alternatives with Weights of Criterion (RAWEC) method. Findings from the LOPCOW indicate that infrastructure, timeliness, and tracking and tracing are the most significant criteria from 2010 to 2023. The RAWEC analysis reveals that Poland, Czechia, Hungary, Slovenia, and Estonia performed the highest logistics performance between 2010 and 2023. Additionally, sensitivity and comparative analyses were conducted to ensure the robustness of the findings. The results of this research are expected to offer valuable insights into the logistics performance of CEE countries over the past several decades. |
Users' Attitudes towards Self-Service Technologies (SSTs): The Role of Demographic FactorsVladimir Zhechev, Gabriela PopovaCentral European Business Review 2025, 14(4):1-24 | DOI: 10.18267/j.cebr.392 In the contemporary business environment, many companies in Central and Eastern Europe (CEE) have adopted self-service technologies (SSTs), moving away from traditional face-to-face interactions. Although numerous studies have examined the factors that shape users’ attitudes towards SSTs, the extant literature has primarily focused on the impact of specific individual and technological factors. In addition, a predominant emphasis is placed on SSTs for hotels, restaurants and retail stores. To bridge these gaps, the present research explores the effect of demographic factors on Bulgarian users’ attitudes towards SSTs at filling stations. The methodology employed consists of a review of the existing literature on SST-related attitudes and a quantitative analysis, for which data were collected via a web-based self-administered questionnaire. Results reveal that younger individuals attribute higher convenience to SSTs than persons of older age. Unexpectedly, advanced age is associated with lower SST anxiety and heightened SST readiness. Additionally, females demonstrate greater SST apprehension and reduced SST readiness compared to males. Notably, education plays a role as well, suggesting that individuals with a Bachelor’s degree exhibit escalated SST anxiety and diminished SST readiness in comparison to those with secondary education. The originality of this paper lies in the fact that it attempts to add substantial new knowledge to understanding the interplay between demographic variables and selected individual and technological factors. By virtue of this, the present study highlights another important dimension in the process of designing and implementing SSTs – shaping user experiences that cater to demographic differences so that user acceptance can be reinforced. |
Does CEO Ownership in High-Tech Companies Affect Corporate Financial Decisions?Elżbieta Bukalska, Jakub Czerniak, Irmina FlorekCentral European Business Review 2025, 14(4):81-106 | DOI: 10.18267/j.cebr.395 The role of high-tech companies increases in turbulent times. Additionally, the status of the company (high-tech or non-high-tech) affects financial decisions. Moreover, CEOs with ownership in the company that they work for make specific financial decisions. The paper aims to identify the impact of CEO ownership on financial decisions in high-tech companies. The sample consists of 750 manufacturing firm-year observations from the period 2018-2021. All the companies included in the research are listed on the Warsaw Stock Exchange. Linear mixed-model analysis with individual and interactive effects were implemented. Findings show that high-tech companies managed by CEOs with a stake in a company differ from the rest: they are smaller, have higher cash ratios and have lower debt ratios. However, in high-tech companies, CEOs with a stake in the company affect investment expenditure, debt ratio and cash holdings positively. The originality of this research lies in including the interactive impact of CEO ownership and high-tech companies on financial decisions. The findings might be important for investors who want to invest in high-tech companies with a CEO as an owner. |
Entrepreneurial Bricolage and Resilience: Surviving and Thriving of Micro and Small BusinessesMirjana Grčić Fabić, Antonija Petrlić, Tamara ŠmagucCentral European Business Review 2026, 15(2):91-112 | DOI: 10.18267/j.cebr.417
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Negative Determinants of CSR Support by Generation Z in Central Europe: Gender-Sensitive Impacts of Infodemic in 'COVID-19' EraMartin Hála, Radka MacGregor Pelikánová, Filip RubáčekCentral European Business Review 2024, 13(2):89-115 | DOI: 10.18267/j.cebr.344 The success of sustainability and corporate social responsibility (CSR) depends upon the active support of all stakeholders. Thus, it is highly relevant and becomes the goal of this paper to perform a pilot case study of the negative determinants of readiness of the new Central European generation of financially sufficiently strong consumers to support CSR, in particular, to answer two research questions: (i) which is the prevailing determinant and (ii) whether it is gender-sensitive. Therefore, 53 male and 53 female Generation Z students from a private university in Prague, ready to pay a CSR bonus, were surveyed in the summer of 2021 regarding the negative determinants of their decisions. The collected answers were statistically processed via cross-tabulation and chi-squared test measures, and the dependence between negative determinants and genders was considered to answer both research questions. The data analysis implies four prevailing negative determinants, two of them related to the infodemic, represented differently by male and female members of Generation Z. This leads to propositions linked to prior studies and advancing them in a new direction. Namely, this indicative pilot case study suggests that Generation Z's readiness to support CSR by paying a CSR bonus is eroded by the infodemic and that male members of Generation Z are more sensitive in this respect than female members. |
The Connectedness between Bitcoin, Stock Market, Gold, Oil, Bond and Exchange Rate: Evidence from Quantile VAR Approach and Portfolio StrategiesZekai Şenol, Bahri Fatih TekinCentral European Business Review 2026, 15(1):29-60 | DOI: 10.18267/j.cebr.405 This study examines the dynamic connectedness between Bitcoin and various financial assets, including the stock market, gold, oil, bonds, and exchange rates, as well as explores portfolio strategies involving these assets. The study covers the period from January 2, 2015, to March 1, 2024. The quantile connectedness approach and portfolio strategies are utilized in the analysis. The findings are as follows: Intermarket volatility spillover significantly increases under extreme conditions. Bitcoin emerges as a transmitter during bullish markets and acts as a receiver in bearish and normal market conditions. Gold serves as a receiver in extreme conditions and a transmitter in normal conditions. Unlike gold, oil acts as a transmitter under extreme conditions and functions as a receiver under normal conditions. Among the fundamental markets, the stock market is the most significant shock transmitter. In risk-mitigating portfolios, the proportion of Bitcoin is low, while the proportions of gold and the dollar index are high. Bitcoin has been found to have low hedging properties. |
Advantages and Suitability of Activity-Based Costing: A Study from Engineering IndustryLenka Hudáková StašováCentral European Business Review 2023, 12(4):1-31 | DOI: 10.18267/j.cebr.330 The objective of the paper is to assess the advantages and disadvantages of costing methods for companies in the engineering sector. We compare traditional costing methods (absorption costing and marginal costing) with the activity-based costing (ABC) method. The analysis is carried out in Slovakia and Czechia. We examine the reasons for the transition to the ABC method and also the reasons for continuing to use the traditional marginal costing method. For statistical analysis, we use the chi-squared test, the chi-squared data distribution test, the Wilcoxon paired test and the Mann-Whitney U-test for two independent selections. We use each of these tests for the individual hypotheses and research questions in accordance with the nature of the specific data appearing under the given hypothesis or research question. Slovak companies are statistically significantly more likely to perceive doubts about the suitability of the ABC method as its disadvantage compared to Czech ones. In the end, proposals for business practice are presented. |
Sources of Value-Added in V4 automotive GVCs: The Case of Transport and Storage Services and Firm Level Technology AbsorptionMarek Minárik, Stanislav Zábojník, Janka PásztorováCentral European Business Review 2022, 11(4):1-24 | DOI: 10.18267/j.cebr.301 Within V4 automotive Global Value Chains (GVCs), technologies absorbed by the corporate sector represent a significant impact on the level of value-added created within the economy. Sectoral and geographic targeting of our research is determined by the export of motor vehicles, trailers, and semi-trailers produced in the V4 countries. The article’s main objective was to investigate the role of services provided by V4 countries within GVCs with an emphasis on transport and storage. The authors used the method of linear regression analysis to answer two central research questions. Is there a synergic or spillover effect within the automotive clusters of the V4 countries in creating value-added originating in the logistic services? What role absorption of technology at the firm level in EU27 countries (the most important trading partners of the V4 countries) plays in creating value-added in the V4 automotive sector? Authors found differentiated results within V4 countries, confirming the hypothesis related to technology absorption. |
The Post-Covid Adaptation and Transformation Model of Retail Food Units Based on Customer Behaviour: What Constitutes the New Normal for Marketing Management?Kristína Horváthová, Marián ČvirikCentral European Business Review 2026, 15(1):135-149 | DOI: 10.18267/j.cebr.409
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Customer Value-Added as an Integral Component of HRM StrategyKatarína Stachová, Zdenko StachoCentral European Business Review 2025, 14(5):117-134 | DOI: 10.18267/j.cebr.400 The focus on customer value-added (CVA) concepts in human resource management (HRM) is increasingly vital for maintaining competitiveness and sustainability in today's dynamic environment. This study evaluates the current implementation and future expectations of CVA in HRM within Central and Eastern European (CEE) countries, comparing these findings with practices in Western Europe (WE) and globally. The primary objective is to analyze the extent of CVA integration in HRM systems and assess the sustainable competitiveness of CEE enterprises. The study aims to understand the current state of CVA in HRM and its projected importance for sustainable business strategies. Data was collected through a survey conducted across the CEE region, involving 1107 company representatives. The survey assessed both the current application and future relevance of CVA concepts using a five-point scale. Analytical methods included non-parametric pairwise Wilcoxon tests, Mann-Whitney U tests, and Kruskal-Wallis ANOVA, supplemented by effect size metrics to evaluate significant findings. The study highlights the importance of adapting HRM practices to local conditions in CEE to achieve competitive performance levels comparable to WE. It also underscores the varying challenges and opportunities across different sectors, particularly in the context of technological and organizational adaptability. A nonparametric pairwise comparison of ratings of the CVA concept in HRM showed that respondents rated the expected state significantly more positively than the current state. |
Funding Structure of Clusters in Post-Communist and Developed CountriesPeter Burger, Eduard BaumöhlCentral European Business Review 2025, 14(4):133-152 | DOI: 10.18267/j.cebr.397 The paper compares the funding structure of European clusters. It uses a hand-collected questionnaire survey (n = 185) to examine the budget structure of European clusters. The objective is to identify the differences between clusters in post-communist and developed countries, as well as between clusters located in countries with higher and lower levels of innovation performance. The results show that clusters in (i) post-communist countries and (ii) countries with lower levels of innovation performance have a much higher share of EU structural funds and community programmes in their budgets than clusters in (iii) developed countries and (iv) countries with higher levels of innovation performance. The latter two groups of countries exhibit a predominantly higher share of funding from national, regional and local subsidies and grants. These are sources to which other European clusters frequently do not have sufficient access. Moreover, the results indicate that there is no relationship between cluster budgets and their sectoral classification. |
An Empirical Analysis of the Competencies of Management Consultants in Northeast Hungary between 2001–2021Agnes Tokar-SzadaiCentral European Business Review 2025, 14(5):61-91 | DOI: 10.18267/j.cebr.402 This study examines the evolving competencies of management consultants in Northeast Hungary from 2001 to 2021 and proposes a comprehensive consultant competence model based on a 20-year longitudinal analysis. The research combines questionnaire surveys (conducted in 2001 and 2005–2006) with in-depth interviews involving consultants and clients during 2011–2012, 2015–2016, and 2020–2021, analysed using SPSS 30.0. Findings reveal significant transformations in consultant competencies over the two decades, shaped by the region’s socio-economic evolution. Notably, perceptions of consultant competence remained stable between consultants and entrepreneurs, with minimal discrepancies. However, digital skills showed no notable improvement after 2006, including during the COVID-19 pandemic, highlighting a persistent gap in digital readiness. The consultant competence model identifies five critical factors: change and collaboration skills; experience, social competence, and loyalty; strategic thinking and communication skills; project-oriented approaches; and advisory authority. |
Balancing Data and Intuition in a VUCA World: Cross-Cultural Evidence from Austria and India with Implications for Central European ManagementAndreas Zehetner, Christopher Kanitz, Monica Khanna[Ahead of Print]Central European Business Review X:X | DOI: 10.18267/j.cebr.422
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Engagement of Moldovan Organizations in Increasing Employment through Flexible Work ArrangementsIonel Bostan, Alic BîrcăCentral European Business Review 2024, 13(3):95-122 | DOI: 10.18267/j.cebr.356 Work flexibility as an element of work flexicurity has had an impact on employment at the national level. In this study, work flexibility is expressed through flexible work arrangements. Organisations may implement various flexible work arrangements, depending on their size or specifically promoted policies in this sense. Thus, organisations indirectly contribute to higher employment at the national level. The aim of the study is to evaluate flexible work arrangements from the perspective of organizations in order to determine to what extent they are available for implementation. To test and validate the results, we develop a questionnaire that includes ten flexible work arrangements. Each flexible work arrangement is rated on a Likert scale from 1 to 5. The survey comprises 350 companies of different sizes from various sectors, located in urban and rural areas. In order to process, analyse and interpret the results, several statistical methods are used: principal component analysis, the ANOVA procedure and the post-hoc test. The findings show that some flexible work arrangements are better rated than others. Differences are also identified in the evaluation of flexible work arrangements by organization size. Our results provide evidence that some organizations show reluctance towards certain flexible work arrangements. Moreover, flexible work arrangements with higher scores are more likely to be implemented by organizations, which may lead to higher employment at the national level. |
Population Literacy and ICT Skills: Drivers of Net Migration GrowthAleksy Kwilinski, Oleksii Lyulyov, Tetyana PimonenkoCentral European Business Review 2025, 14(3):45-63 | DOI: 10.18267/j.cebr.388 The effectiveness of education policies and economic, social and environmental conditions play a crucial role in a country’s ability to attract intellectual capital and influence emigration levels. Effective management of migration processes requires coordinating and synchronizing policies across various economic sectors to address the complexity of these dynamics. This study employs a two-step system of the generalized method of moments (GMM) to analyse the impacts of population literacy and ICT skills on migration patterns in EU countries in the period 2007–2022. The findings underscore the importance of enhancing ICT skills and improving education systems. Population literacy has a statistically significant nonlinear impact on the net migration rate. Initially, higher literacy may lead to more emigration and lower net migration. However, as literacy rates reach very high levels, the country becomes more attractive to immigrants, leading to greater net migration. A 1% increase in ICT skills can significantly boost a country's ability to attract skilled migrants by up to 5%. Policymakers need to ensure that increasing literacy rates are complemented by sufficient local opportunities to retain the educated population. |
Analysis of Procrastination at Work and Employee Demographic Profiles in Slovak SmesNikoleta Hutmanová, Zuzana Hajduová, Peter Dorčák, Noémi FóthyCentral 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 medium-sized enterprises (SMEs) play a crucial role in maintaining economic stability in Slovakia. They generate jobs, stimulate local markets and contribute to overall GDP growth. They are not only the driving force of innovation but can be characterised by flexibility and the ability to react quickly to changes on the market. They also contribute to increasing the country's competitiveness and balanced regional development. However, the performance of SMEs depends on the productivity of employees. Motivating employees is essential for businesses as it boosts employee efficiency, productivity and performance, promotes collaboration and stimulates creativity and innovation. |
Exploring the Relationship between Recruitment Process and Turnover Intentions with Mediating Role of Affective Commitment: Implications for European EnterprisesYen Mac Thi Hai, Thuy Nguyen Thi Le, Tran Thi Cuong, Minh Nguyen Thi HongCentral European Business Review 2025, 14(2):93-117 | DOI: 10.18267/j.cebr.382 This research explores the relationship between the recruitment process and turnover intentions, with the mediating role of affective commitment among Generation Z working in European enterprises operating in Vietnam. Specifically, the study explores the relationship between job description, job evaluation, job specification, job analysis and affective commitment of Generation Z while also identifying the influence of affective commitment on turnover intentions. Based on the theoretical and literature summary, the research model is proposed. Accordingly, hypotheses are developed, and we apply a quantitative analysis with a research sample of 250 Generation Z respondents working for European businesses in Vietnam using the snowball sampling technique. Questionnaires were designed in the form of an online survey (using Google Forms) and sent privately via personal emails to respondents. The collected data were then processed and analysed by SPSS v.22 and AMOS software to estimate the research model, test hypotheses and evaluate the impact of variables on turnover intentions. The research results reveal that job description contributes to enhancing affective commitment (0.232), job evaluation positively influences affective commitment (0.283), job specification significantly affects affective commitment (0.184), job analysis has a strong and positive relationship with affective commitment (0.532) and affective commitment negatively influences turnover intentions (-0.433). Based on the research findings, we propose some managerial policy implications for Central European enterprises to increase the affective commitment of their employees, including (1) regularly reviewing and updating the requirements as well as job descriptions for each position, ensuring that they accurately reflect the tasks that employees need to perform. This helps the company provide clearer guidance on roles and expectations for employees from the outset; (2) overcoming cultural barriers and fostering a sense of inclusion and respect for the unique values and work expectations of Vietnamese employees, which helps employees perform better in their jobs while also enhancing their commitment and expectations; (3) creating a flexible workplace that meets Generation Z employees' needs to attract and retain talent effectively; and (4) emphasizing a supportive team environment, job-life integration and meaningful work through recruitment marketing. |
Does Gender Interact with Financial Reporting Quality?Ivana Tadić, Željana Aljinović Barać, Jurica KurtovićCentral European Business Review 2025, 14(3):65-85 | DOI: 10.18267/j.cebr.387 The underrepresentation of women in leadership positions is common evidence of gender inequality. Consequently, the European Commission brought a directive to balance the underrepresentation of women on boards in EU countries. Often, females are presumed to be less favourable for top management positions in successful companies and are faced with different obstacles during their careers. However, they possess many different characteristics, which makes them excellent leaders and may create positive differences in financial reporting quality (FRQ). Croatia still lags behind other EU countries in terms of the share of women within corporate boards; therefore, in this paper, we aim to investigate whether the FRQ differs based on the boardroom’s gender structure. The research is conducted on a sample of listed Croatian companies using univariate and multivariate statistical methods. Two sub-samples were formed in order to capture the effects of the Gender Equality Act (GEA) application. Our results show that women are still underrepresented as board members despite the regulations that introduced a list of activities for gender equality. The gender structure of corporate boardrooms is significantly associated with FRQ, and issuing positive audit opinions is related to tilted-structured management boards, where up to 40% of the board members are women. The contribution of our research is twofold: to investigate the trends and level of gender inequality in leadership positions of Croatian listed companies, and to identify whether the gender structure of top management plays a significant role in a company's FRQ. |
How Audiences Value Social Media Content: A Comparison of Video and Image FormatsFlavia Herle, Ioana Dan[Ahead of Print]Central European Business Review X:X | DOI: 10.18267/j.cebr.418
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Corporate Integration Processes: Lessons from the Covid-19 CrisisVincent Montenero, Cristina CazorziCentral European Business Review 2025, 14(2):1-23 | DOI: 10.18267/j.cebr.381 This article examines the challenges of integrating new employees into a company in an environment where remote work is growing significantly. The reference situation is the COVID-19 crisis, seen as a case study. To describe the process as accurately as possible and to identify areas of diligence, we use a mixed method based on 51 questionnaires containing numerous open-ended questions and eight semi-structured interviews. The descriptive part of our analysis allows us to focus on the link between the degree of experience and the proactivity of newcomers. It also reveals the differing expectations that newcomers may have regarding what integration should entail. Applying methods from grounded theory, we identify five key areas for companies wishing to effectively integrate their collaborators. The article concludes with the need for companies to return to implementing integration tactics and devices and make the process less dependent on employee proactivity. To continue, it seems crucial to focus on further research for a better understanding of what each individual expects from integration, particularly when new generations are concerned. |
Role of Beliefs About Emotions in Emotional Labour: A Study of Czech Senior Business Development ManagersPetra Sofia Horňáková[Ahead of Print]Central European Business Review X:X | DOI: 10.18267/j.cebr.421
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State-Business Relations from the Perspective of the Companies' Preparedness for the Changes Related to the Implementation of the Industry 4.0 Elements: A Case of the Czech RepublicKvěta Olšanová, Eva Křenková, Pavel Hnát, Ondřej VilikusCentral European Business Review 2021, 10(5):53-79 | DOI: 10.18267/j.cebr.273 The purpose of this study is to investigate the expectations of the management of different industries in the Czech Republic related to governmental support for their implementation of Industry 4.0 and their preparedness for the challenges associated with these technological changes. Mixed research, specifically exploratory sequential design, was used. The findings of qualitative data analyses from in-depth semi-structured interviews (n=41) with representatives of different industry sectors formed subsequent quantitative data collection (N=146, the board of management members representing various industries) through survey items corresponding with formalized research questions. The findings revealed a strong group of companies already implementing Industry 4.0 elements (85% of respondents) driven by companies with 250+ employees. As perceived by the management, the critical threat related to the workforce is a lack of skilled labour. Managers tend to prefer a transparent business environment without state interventions or interventions targeted to strategic state industries, preferably to the spheres of education, research & development, energy sector, sustainable agriculture, and healthcare. The results indicate that the easier administration and education reform are among the companies' boldest expectations from the government, among general conditions for current business. |
Environmental Stances and Lifestyle Preferences in Czechia: Generational Aspects and Socio-Demographic ImplicationsRadek Tahal, Tomáš FormánekCentral European Business Review 2022, 11(5):1-21 | DOI: 10.18267/j.cebr.305 The struggle toward an environmentally sustainable economy brings forward many difficult decisions and actions. Governments may confront substantial resistance from the general public as they try to promote or enforce policies that will be necessary to secure a stable natural environment and sustainable economic performance for generations to come. Understanding the current stances of the population towards environmental issues is a prerequisite for any successful implementation of environmentally concerned policies. The goal of this paper is to provide (based on primary data) structured information on generational and other socio-demographic differences in individual environmental stances and related lifestyle preferences. Given the Likert-scale based data collected from the questionnaires, we use ordered multinomial logistic regression as our main tool for quantitative analysis. Major differences in stances are identified between genders and among different age and education groups. Women and younger individuals exhibit higher levels of environmental awareness. Lifestyle preferences segmentation provides additional context for our analysis and the basis for incentivising and targeting environmental policies. Overall, our contribution brings forward fundamental and actionable information that can facilitate many of the complicated decisions and policy actions leading toward environmental sustainability. |
How to Enable Trust While Transforming Teamwork from a Face-to-Face to a Virtual Environment in the Context of COVID-19Ina Kern, Philip Emmerich, Anna LübbeCentral European Business Review 2023, 12(5):117-149 | DOI: 10.18267/j.cebr.341 The coronavirus pandemic was one of the greatest global challenges in history – primarily as a health issue, but also as an economic challenge. The need to control the pandemic has led to a significant shift towards virtual collaboration, which has also exposed the lack of preparedness of most German companies for the abrupt virtualization of teamwork. This raises the question of approaches to the implementation and design of virtual collaboration in practice. This paper reviews and extends the current state of research into virtual collaboration by interviewing experts in the IT consulting industry, considering the challenges in the context of the pandemic. As a response, this paper proposes practical approaches to the implementation and design of virtual collaboration, including a guideline for adapting to the increasingly virtual collaboration environment within teams and beyond the pandemic. |
