scholarly journals The Impact of Global Health Treat COVID-19 on the Implementation of Corporate Innovations in E-commerce Within the Slovak Republic

2021 ◽  
Vol 92 ◽  
pp. 01052
Author(s):  
Ladislav Vagner
Keyword(s):  
Global Health ◽  
Slovak Republic ◽  
Value Added ◽  
Radical Change ◽  
Service Companies ◽  
Use Of Technology ◽  
The Moment ◽  
Restrictive Measures ◽  
The Impact ◽  
Prediction Functions

Research background: The pandemic of the new coronavirus causing COVID-19 poses a global health threat with a direct impact on individual companies and the country’s economy. Estimating the overall effects of COVID-19 is very difficult at the moment, as the situation is evolving every day, and the length of the restrictive measures is not known in advance. As the viruses know no borders, the governments of the affected countries have had to take stringent standards to slow the spread of COVID-19. Among these countries is Slovakia, which has taken many measures that have affected the operation of service companies as well as industry. The disease brought challenges in the field of e-commerce and technology, as isolation and social distancing fundamentally changed the shopping habits of the population. Purpose of the article: The purpose of this research paper is to highlight how nowadays challenges have affected service businesses and led to the more innovative use of technology and e-commerce. The importance of innovation in adverse conditions caused by business constraints due to Covid-19. Methods: The analysis in the form of a questionnaire through a questionnaire survey and the subsequent processing of the created database using SPSS using prediction functions were used. Findings & Value added: The analyses demonstrated the impact of COVID-19 on e-commerce innovation on a random sample of companies that included companies stimulated to change by this environment to secure their sales, but those that tried to operate without radical change further on the market.

scholarly journals Research on the impact of artificial intelligence on the business model of an organization

E-Management ◽  
2021 ◽  
Vol 3 (4) ◽  
pp. 26-36
Author(s):  
A. A. Dashkov ◽  
Yu. O. Nesterova
Keyword(s):  
Artificial Intelligence ◽  
Information And Communication Technologies ◽  
Business Model ◽  
Digital Transformation ◽  
Successful Implementation ◽  
New Ways Of Working ◽  
Use Of Technology ◽  
Physical Assets ◽  
The Moment ◽  
The Impact

The digital transformation of our world and the inevitable interaction between people, digital technologies and physical assets create a rapidly changing and complex environment that requires organizations to be more flexible, better fit and ready to accept new ways of working. Businesses are coming to realize the need for change to operate successfully in the digital age. In the period of global digitalization, information and communication technologies are one of the most important aspects of existence for a business, which makes it more efficient, efficient and allows you to respond quickly to a rapidly changing external environment, as well as customer needs. At the moment, there is a high interest in the possibilities of artificial intelligence for use in business tasks in the world, as there are already examples of successful implementation, when Artificial Intelligence and machine learning radically change the way they work and increase the profit of organizations in different countries.The purpose of this study is to consider how artificial intelligence affects the value proposition and how the elements of the business model change when using this technology. The paper gives the existing examples of the use of technology, the consequences of its application and the emerging prospects for the use of Artificial Intelligence as one of the advanced technologies of digital transformation.

scholarly journals The impact of globalization in connection with the development of e-commerce

2021 ◽  
Vol 129 ◽  
pp. 06007
Author(s):  
Eva Nahalková Tesárová ◽  
Anna Križanová
Keyword(s):  
Slovak Republic ◽  
Value Added ◽  
Developed Countries ◽  
Financial Fraud ◽  
Sensitive Data ◽  
Negative Experience ◽  
Business Partners ◽  
Basic Purpose ◽  
Questionnaire Method ◽  
The Impact

Research background: Globalization encourages increased involvement of retailers, and the market currently provides these entities with a new range of purchasing functions. The new economy is based primarily on information and knowledge, so the key to success is the ability to constantly improve and respond to changing market conditions and increasing customer requirements. The Internet thus becomes an integral part of our lives. It is a tool that makes our lives better. The expansion of the global information network Internet has created space for a new kind of business. It brings benefits to all e-commerce entities. For this reason, its popularity is growing exponentially. The negative experience caused by financial fraud, misuse of sensitive data, the unreliability of business partners, and the like is also growing. Purpose of the article: The basic purpose of the article is the fact that the development of e-commerce is one of the important conditions for maintaining and increasing the competitiveness of the Slovak economy and its ability to participate in the international division of labor with the economically developed countries. Methods: The basic pillar of the article was to analyze the current development of e-commerce in the Slovak Republic, which is affected by the pandemic situation caused by COVID-19, make a comparison with EU countries, and evaluate the perception of e-commerce by Slovak consumers based on a questionnaire survey. Findings & Value added: Finally, we interpret the answers of the respondents, which were obtained by the questionnaire method.

scholarly journals A Comparative Study of Users versus Non-Users’ Behavioral Intention towards M-Banking Apps’ Adoption

Information ◽  
2022 ◽  
Vol 13 (1) ◽  
pp. 30
Author(s):  
Vaggelis Saprikis ◽  
Giorgos Avlogiaris ◽  
Androniki Katarachia
Keyword(s):  
Behavioral Intention ◽  
Structural Equation ◽  
Banking Sector ◽  
Value Added ◽  
Business Strategies ◽  
Equation Modeling ◽  
Information And Communications Technologies ◽  
Use Of Technology ◽  
Financial Transactions ◽  
The Impact

The banking sector has been considered as one of the primary adopters of Information and Communications Technologies. Especially during the last years, they have invested a lot into the digital transformation of their business process. Concerning their retail customers, banks realized very early the great potential abilities to provide value added self-services functions via mobile devices, mainly smartphones to them; thus, they have invested a lot into m-banking apps’ functionality. Furthermore, the COVID-19 pandemic has brought out different ways for financial transactions and even more mobile users have taken advantage of m-banking app services. Thus, the purpose of this empirical paper is to investigate the determinants that impact individuals on adopting or not m-banking apps. Specifically, it examines two groups of individuals, users (adopters) and non-users (non-adopters) of m-banking apps, and aims to reveal if there are differences and similarities between the factors that impact them on adopting or not this type of m-banking services. To our knowledge, this is the second scientific attempt where these two groups of individuals have been compared on this topic. The paper proposes a comprehensive conceptual model by extending Venkatech’s et al. (2003) Unified Theory of Acceptance and Use of Technology (UTAUT) with ICT facilitators (i.e., reward and security) and ICT inhibitors (i.e., risk and anxiety), as well as the recommendation factor. However, this study intends to fill the research gap by investigating and proving for the first time the impact of social influence, reward and anxiety factors on behavioral intention, the relationship between risk and anxiety and the impact of behavioral intention on recommendation via the application of Confirmatory Factor Analysis and Structural Equation Modeling (SEM) statistical techniques. The results reveal a number of differences regarding the factors that impact or not these two groups towards m-banking app adoption; thus, it provides new insights regarding m-banking app adoption in a slightly examined scientific field. Thus, the study intends to assist the banking sector in better understanding their customers with the aim to formulate and apply customized m-business strategies and increase not only the adoption of m-banking apps but also the level of their further use.

THE IMPACT OF VALUE ADDED TAX ON CASH FLOWS OF ROAD TRAFFIC COMPANIES IN THE SLOVAK REPUBLIC

2017 ◽  
Vol 5 ◽  
pp. 254-260
Author(s):  
Angelika KĂştna ◽  
Norbert Gyurián
Keyword(s):  
Interest Rates ◽  
Road Traffic ◽  
Slovak Republic ◽  
Financial Burden ◽  
Value Added ◽  
Cash Flows ◽  
European Countries ◽  
Value Added Tax ◽  
Member States ◽  
The Impact

Within the Member States of the European Union, value added tax (VAT) is the most harmonized form of tax from all types of direct and indirect taxes. It does not affect the costs or the revenues of the company, but it affects taxpayers on the other hand. The impact on the company's cash flows is most significantly affected. The basic principle of VAT taxation consists of the following idea. The Member State of final consumption of the goods or services is the state to whom the VAT finally belongs to. The free movement of goods and services between the Member States resulted in many new traffic companies being created. The measure of VAT influence on Cash Flows depends mainly on two impact factors. The first is the length of excessive deduction payment period to taxpayer bank account. The second impact factor is the amount of excessive deduction expressed through money. The objective of this study is an evaluation and quantification of the impact of value added tax on the road traffic companies’ cash flows. The financial burden of traffic companies had an upward trend only during the first and second year of the analyzed period. Since 2006, the financial burden had a downward trend. This decrease was more significant until 2009 (the end of the financial crisis in European countries). After this year, the declining rate had moderated. This development results not only from declining interest rates of the European Central Bank but also from economic growth and development in European countries.

scholarly journals Migrations in Europe: Fears due to the enlargement of the EU to the East

Stanovnistvo ◽  
2003 ◽  
Vol 41 (1-4) ◽  
pp. 131-145
Author(s):  
Mirjana Morokvasic
Keyword(s):  
European Union ◽  
Migration Policy ◽  
Buffer Zone ◽  
The European Union ◽  
Eastern Border ◽  
Eastern European Countries ◽  
The Moment ◽  
Restrictive Measures ◽  
The Impact ◽  
The Eu

The European Union is confronted with the biggest enlargement in its history: ten states, among them eight middle European - the so called "buffer zone" in the new European migration landscape - will become members in 2004. Other candidates hope to join in the coming years. For all Eastern and Eastern European countries, including those that are not candidates, the end of the bi-polar world meant a hope of "return to Europe". When shifting its borders to the East, the European Union both includes and excludes. The final objective to achieve Europe as "a space of freedom, security and justice", is conditioned by the capacity and necessity to control the migratory flows. The prospect of free circulation for the citizens of the new Union members entails also fears: the EU countries are afraid of the consequences the enlargement would have on migratory flows from the countries of the Central and Eastern Europe and which transit through that area. The perception of migrants as a threat inspired the conditions that the Union imposed on the candidate countries concerning migration policy issues and which mostly focus on the protection of its Eastern borders. For the future Union members however, protecting of the thousand of kilometers of their Eastern border, implies a number of quite different problems. These countries are afraid of the impact the restrictive measures they are obliged to implement would have both on many economic and family ties which have been maintained since the socialist period and on more recently engaged cooperation with the neighbours which are not candidates. The challenge of enlargement is different therefore for the EU members, for the candidate countries and for those who are for the moment excluded from the process. The fears do not seem to be always grounded. Thus, the impact of enlargement which, it was feared, could have been so destabilizing for the Union because of potentially large migration flows, is more likely to be destabilizing for the new candidate countries, especially concerning their relations with their neighbours excluded from the enlargement process.

scholarly journals Barriers to the development of SMEs in the Slovak Republic

2017 ◽  
Vol 8 (2) ◽  
pp. 255 ◽  
Author(s):  
Eva Ivanová
Keyword(s):  
New Technologies ◽  
Slovak Republic ◽  
Small And Medium Enterprises ◽  
Value Added ◽  
Business Environment ◽  
Bank Loans ◽  
The European Union ◽  
Chi Square ◽  
External Sources ◽  
The Impact

Research background: SMEs make up an important segment of the economic system, not only in the national economy, but also throughout the EU, and their importance continues to grow. SMEs in Slovakia, according to the latest data of the European Commission, represent 99.9 per cent of all enterprises, constitute 70.7 per cent of jobs, and 61.2 per cent of value added in the economy. However, they are often confronted with market imperfections. SMEs frequently have difficulties in obtaining capital or credit, particularly in the early start-up phase. Their restricted resources may also reduce access to new technologies or innovation. Authors often deal with the impact of SME financing on their development. Madrid-Guijarro et al. (2016), Lee et al. (2015) claim that SMEs have difficulty in funding innovation and the worsening in general credit conditions has been more pronounced for non-innovative firms.Purpose of the article: The main objective of the conducted research was to analyze the conditions for the development of small and medium enterprises (the SMEs sector) in Slovak Republic, whereas the specific objectives were: (1) to determine the terms for gaining external sources of financing for the development of SMEs, (2) to examine the resources for innovation development in the SMEs sector, (3) to find out if SMEs are considered to be a competitive advantage.Methods: The research was conducted in the Slovak Republic in 2016. Participants were 193 Slovak companies that were classified as SMEs by the size class of employment. The research tool used for the study was the own questionnaire consisting of 38 questions and the demographics. The structure of the questionnaire allowed the authors to identify the group of questions concerning the most important conditions for the development of the examined sector referring to the business environment. The results were processed by chi-square method.Findings & Value added: On the basis of the conducted research of the sector of SMEs , it can be concluded that a large group of companies have difficult access to external sources of financing and this refers both to the access to the European Union funds, grants, bank loans and other instruments of the financial market. However, it occurs that: (1) in Slovakia, the smaller the enterprise, i.e. the fewer employees it hires, the easier the access to external sources of financing, (1) innovative projects are realized from company profits or a loan, (1) problems in Slovakia in accessing external funds due to the complexity of the process of approval of applications and documents and strict criteria for the assessment of financial capacity.

scholarly journals The impact of the Covid pandemic on transport companies and the possibilities of improving their management in the conditions of Slovak republic

2021 ◽  
Vol 129 ◽  
pp. 01025
Author(s):  
Olga Ponisciakova ◽  
Eva Kicova
Keyword(s):  
Slovak Republic ◽  
Value Added ◽  
Added Value ◽  
Management Tools ◽  
Specific Data ◽  
Scientific Methods ◽  
Interpretive Methods ◽  
The Future ◽  
The Subject ◽  
The Impact

Research background: Against the background of a more thorough knowledge of the impact of the Covid pandemic, it is necessary to consider the possibilities of mitigating the effects of it. We propose the use of such progressive management tools in the field of transport, which could increase the readiness of management for more stable and effective management in the future. Purpose of the article: The main purpose is based on the analysis of the impact of the Covid pandemic to suggest ways to improve the management of transport companies operating in Slovakia. To achieve this, we will focus on identifying the key impacts of the pandemic in this sector and propose management tools that could mitigate the impact of a potential crisis in the future. Methods: We will use theoretical and empirical scientific methods in processing the subject. We will work with theoretical methods, such as analysis, synthesis, induction, deduction. In the second step, the article will use empirical scientific techniques that work with specific data and precise methods to achieve concrete results. In addition to explanatory methods, interpretive methods will also be used. Findings & Value added: Information on the effects of the pandemic on Slovak transport companies will be important, which will serve as a basis for the design part. The added value will be the recommendation of progressive management tools in the conditions of specific transport companies with an emphasis on strategic management and elimination of the impacts of potential crisis situations in the future.

scholarly journals IMPACT OF DIGITALIZATION OF BANKS

2021 ◽  
pp. 187-190
Author(s):  
Mr.Naveen Chinni ◽  
Dr.P.V. Mohini ◽  
Mr.S.Srinadh
Keyword(s):  
Information Technology ◽  
Banking Sector ◽  
Dominant Role ◽  
Value Added ◽  
Banking And Finance ◽  
Use Of Technology ◽  
Pros And Cons ◽  
Customized Products ◽  
The Individual ◽  
The Impact

Years ago, when people talked about the work of a bank, they would come up with answers such as accepting deposits and providing loans, but today the scenario has changed, nowadays it’s more like bankinganytime, banking anywhere. This requires an innovative, robust, secure, optimized and agile platform to meet the expectations of empowered and tech-savvy customers. This is due to digitalization of banks. Change of data into a digital database with appropriate use of technology is called as digitalization. The concept of digitalization is not a mere transformation from traditional methods of banking towards a digital method. It is a crucial change how banks and other financial institutions learn about, interact and satisfy customers. Banks are the backbone of any economy. Banking sector is the largest and vital player in financial sector, it plays a dominant role in the development of the individual as well as the nation. IT (information technology) has given a push new innovations and methods in the product development and their delivery in the banking and finance sector. The focus of banking is shifting from mass banking to class banking. The start of value added and customized products and services leads them to technology enable banking. The main objective of this paper is to understand the impact as well as the pros and cons of digitalization. KEY WORDS: Digitalization, Innovative, Banking sector, Information technology, Customized products

scholarly journals Globalization Impact on the Maritime Trade between the USA and the Slovak Republic

2021 ◽  
Vol 92 ◽  
pp. 07039
Author(s):  
Peter Mako ◽  
Andrej David ◽  
Andrea Galierikova ◽  
Matus Materna
Keyword(s):  
North America ◽  
Least Squares Method ◽  
Slovak Republic ◽  
Value Added ◽  
Maritime Trade ◽  
Technical Equipment ◽  
Maritime Transport ◽  
Container Transport ◽  
The Usa ◽  
The Impact

Research background: The paper background is based on the importance of maritime trade. The paper offers a proposal for container transport in two different directions along two different transport routes, taking into consideration all trends in the development of port transhipment facilities as well as the development of container transport. The final comparison is determined based on criteria such as speed and complexity of the transport, distance, price for transportation, as well as the risk of endangering the cargo due to shipping through risky geographical areas. These factors, together with other facts, significantly contribute to the final choice of the shipping route both by the shipper and the carrier. Purpose of the article: The main purpose of this paper is to present the basic possibilities of container transportation by sea between North America and Europe, to express the importance of the Transatlantic maritime transport route and to offer a comparison of two transport proposals in a case study.The main objective of the paper is to evaluate the impact of globalization on maritime trade between the USA and Europe, especially the Slovak Republic. Given the rapidly evolving maritime transport situation between North America and Europe, special consideration is also given to the current technical equipment and transhipment technology in the ports through which this trade takes place. Methods: The method used in the paper is the least squares method, that will be used on the prediction of future stage of maritime trade between Slovakia and the USA. For this purpose, methods of regression and correlation analysis will be also used. Findings & Value added: According to data from Review of Maritime Transport between 1995 – 2018, the prediction of stage of maritime trade will be made. The development of the maritime trade will be also predicted.

scholarly journals Integrating the Cost of the Carbon Footprint within the Income Statement – Tests on Seven Polish Firms

2021 ◽  
Vol 17 (2) ◽  
pp. 32-43
Author(s):  
Christophe Cathala
Keyword(s):  
Value Added ◽  
Carbon Price ◽  
Point Of View ◽  
Carbon Accounting ◽  
Service Companies ◽  
International Commitments ◽  
Income Statement ◽  
Empirical Tests ◽  
The Cost ◽  
The Impact

Abstract Purpose: Even if popular, carbon accounting is not yet compulsory for companies. However, it should be and certainly will be. From the state’s point of view, this will be a prerequisite to respecting its international commitments. From the point of view of companies, it is also necessary because they use, in part for free, limited resources to create value-added […] and they generate externalities which are not yet fully measured and communicated. Our purpose is to propose a relatively new metric, which is quite simple and could be applied to all companies, especially small ones (turnover < EUR 10 million). Design/methodology/approach: Our metric in this paper is linked to the income statement and measurement of the output of carbon used in the production process of goods and/or services. We compare the use of carbon by seven Polish companies in seven different sectors from 2014 to 2020. The metric is computed in the same way for the firms in our sample and is based on information which must be stated on the yearly income statement. Findings: From our empirical tests, we observe that comparison can first be made between firms and sectors. As expected, the impact is far more important for industries than for service companies. In terms of volatility, we reach the same result. However, this volatility is not linked to the nature of the companies but more to the volatility of the carbon price. As a first step, this gives an interesting and rough measure of the cost of the carbon emission per company per year.

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