scholarly journals Analysis of enterprises with innovation activity with emphasis on enterprise size

2021 ◽  
Vol 92 ◽  
pp. 04010
Author(s):  
Katarina Janoskova ◽  
Pavol Kral
Keyword(s):  
Slovak Republic ◽  
Value Added ◽  
Innovation Activity ◽  
Innovation Ecosystem ◽  
Software Comparison ◽  
Depth Analysis ◽  
Close Relationship ◽  
Business Size ◽  
The Stability ◽  
The Impact

Research background: Small and medium-sized enterprises (SMEs) play a crucial role in European economic. They are very important for the stability of national economy and for development of innovation. SMEs significantly contribute to innovation because they are under permanent pressure of competitors at the market. On the other hand, innovation in SMEs is hampered by many factors, such as lack of finance, lack of personnel, no experiences, insufficient public policy, etc. Purpose of the article: The main goal of the article is examining the impact of business size on innovation activity and thus confirm the irreplaceable importance of SMEs in the innovation ecosystem, compare innovation activity of Slovak SMEs with EU average. Methods: Several methods were used to achieve the goals. Demonstrating the close relationship between innovation and SMEs is realized through VOSviewer software. Comparison of innovation activity of Slovak SMEs with European Union average is realized through an in-depth analysis of selected indicators of Summary Innovation Index. Findings & Value added: SMEs are indeed the creator of innovation. Based on the results of bibliometric analysis, this fact can be confirmed. The innovation activity of SMEs in the Slovak Republic is below the EU average. This fact is caused by several limitation and problems that SMEs in the Slovakia have to face.

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 DETERMINATION OF REGULARITY OF CHANGES IN INDICATORS OF INNOVATION ACTIVITY ON DEVELOPMENT AND ECONOMIC SECURITY OF AGRICULTURAL COMPLEX OF UKRAINE

2019 ◽  
pp. 183-191
Author(s):  
Svitlana Kushnir
Keyword(s):  
Agricultural Sector ◽  
Value Added ◽  
Economic Security ◽  
Model Specification ◽  
Innovation Activity ◽  
Industrial Complex ◽  
Agricultural Producers ◽  
Consistent Assessment ◽  
Labor Resources ◽  
The Impact

The purpose of this article is to investigate the current state and dynamics of technical, energy capacities, labor resources and wages in Ukrainian agricultural enterprises, the impact of these indicators on efficiency of agricultural production, indicators of development and competitiveness of products on the domestic and foreign markets. The moral and physical deterioration of the equipment available at the farms is determined, which does not contribute to the increase of labor productivity and to obtaining consistently high economic results. On the basis of the dynamics of the analyzed statistical data, the problem of providing agricultural producers with labor resources was confirmed against the background of deepening of depopulation processes in the countryside, which led to the deterioration of quantitative and qualitative characteristics of human resources. Indicators of development and production rates of the agro-industrial complex of Ukraine have been investigated, that showed a low level of innovation implementation. Mathematical formalization of the relationship between the dynamics of changes in the gross value added indicators and the volume of sales of agricultural products is carried out. Based on the analysis of innovative activity indicators in the agricultural sector of Ukraine and the consistent assessment of the adequacy of linear and nonlinear pair equations, the model specification is presented, which is presented in the form of linear pair regression, which confirms the existence of a direct link between changes in the volume of sales in the agrarian sector.

scholarly journals Innovative Development of the Agricultural Sector in the Visegrad Group Countries

2021 ◽  
Vol 14 (1) ◽  
pp. 1-13
Author(s):  
Anastasiia Burdiuzha
Keyword(s):  
Granger Causality ◽  
Agricultural Sector ◽  
Value Added ◽  
Innovation Activity ◽  
European Patent ◽  
Innovative Development ◽  
Causality Tests ◽  
Granger Causality Tests ◽  
The Impact ◽  
Visegrad Group

Abstract Subject and purpose of work: Analysis of the innovative development trends of the agricultural sector in the Visegrad Group countries in 1995–2019. Investigation of the impact of innovation on value added to GDP by the sector and the patent activity. Materials and methods: Secondary data used in the current research were taken from Eurostat, World Bank and European Patent Office databases. They were analyzed by applying OLS models and Granger causality tests. Results: First, composition of R&D expenses in each Visegrad country was examined. Then its relationship to agricultural GDP and the number of the patents granted was tested by means of OLS models. Forecasting the relationship between variables examined was carried out by running Granger causality tests. Conclusions: There was a constant growth in agricultural innovation activity investment from 1995 to 2019. Nevertheless, the countries examined have not yet reached the EU’s objective concerning the R&D intensities. Innovation activity had a positive impact on the value added to GDP by agriculture and on the number of the patents granted.

scholarly journals Reputation stability vs anti-crisis sustainability: under what circumstances will innovations, media activities and CSR be in higher demand?

2019 ◽  
Vol 10 (3) ◽  
pp. 511-536 ◽  
Author(s):  
Olena Derevianko
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Online Survey ◽  
Estimation Method ◽  
Value Added ◽  
Reputation Management ◽  
Equation Modeling ◽  
Innovation Activity ◽  
Corporate Social ◽  
The Impact

Research background: The difference of war and peace can help gain an under-standing of the differences in the management of a company's reputation in terms of its stability as compared to the state of a reputation crisis. The question of practical confirmation, which is left open, is whether there is a positive correlation between the anti-crisis activity of the reputation management system and its stability in a long-term perspective, or whether these two factors are inversely related. Purpose of the article: This research is essentially aimed at studying the impact of innovation activity, media activity, and corporate social responsibility on reputational stability as well as on anti-crisis reputational sustainability. Methods: Indicators of innovation activity, media activity, corporate social responsibility, reputational stability, and anti-crisis reputational sustainability were collected in a sample of the most frequently mentioned in the media leading companies of the Ukrainian economy (N = 315), using an online survey done among 110 industry experts within the framework of the Reputation ACTIVists All-Ukrainian Ranking of Corporate Reputation Management Quality over February-March'2019 period. Structural equation modeling (SEM) in using the maximum likelihood estimation method was applied to examine the associations between above-mentioned indicators, according to the aim of the study. Findings & Value added: The results of our study revealed: 1) the existence of a significant correlation between CSR and reputational stability; 2) innovative and media activity are the most significant variables to provide anti-crisis sustainability; 3) CSR is less important for ensuring anti-crisis sustainability than for maintaining reputational stability; 4) anti-crisis sustainability is significantly more dependent on media activity than reputational stability is. By better understanding the roles of innovation activity, media activity,  and corporate social responsibility, the company’s management in Ukraine can leverage the results of the study to improve reputation management performance, differentiating approaches in circumstances of a crisis and stability.

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 Strengthening the stability of exports through GVC participation

2018 ◽  
Vol 45 (3) ◽  
pp. 610-637 ◽  
Author(s):  
Carmen Díaz-Mora ◽  
Rosario Gandoy ◽  
Belen Gonzalez-Diaz
Keyword(s):  
Developing Countries ◽  
Value Chain ◽  
Value Added ◽  
Time Duration ◽  
Content Type ◽  
Country Level ◽  
Key Factor ◽  
Trade Relationships ◽  
The Stability ◽  
The Impact

Purpose Drawing on the literature that has shown the prevalence of short-lived trade relationships, the purpose of this paper is to provide further understanding about this issue by exploring the impact of engaging in Global Value Chains (GVCs) on the chance of export survival at product-country level, paying special attention to the differences between advanced and developing countries. The authors also investigate whether the type of GVC participation (backward or forward) matters for export survival. Design/methodology/approach To capture to what extent a country’s exports are integrated in GVCs, the authors use the OECD Inter-Country Input-Output database to estimate value added incorporated in exports. Through the estimation of a discrete-time duration model, the authors explore the impact of engaging in GVCs on export survival using highly disaggregated trade data from the CEPII’s BACI database. Findings The findings endorse the hypothesis that deeper participation in GVCs is a key factor in explaining stability in trade relationships, mainly for developing countries where the trade flows are especially fragile. The authors also find different effects depending on the type of GVC involvement and on whether the value chain partners are advanced or developing. Originality/value The paper contributes to the literature by extending the understanding on the factors that promote the stability of exports, including among them, involvement on GVCs (and its forms) which is one of the most relevant factors to explain recent behavior of trade.

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 Influence of business support organizations on innovation activity in manufacturing companies in the Masovian Voivodeship in Poland

Equilibrium ◽  
2018 ◽  
Vol 13 (4) ◽  
pp. 741-759 ◽  
Author(s):  
Jadwiga Gorączkowska
Keyword(s):  
Western Europe ◽  
Value Added ◽  
The United States ◽  
International Standards ◽  
Innovation Activity ◽  
Advanced Degree ◽  
Manufacturing Companies ◽  
Support Organizations ◽  
Business Support ◽  
The Impact

Research background: The first business support organizations (BSO) appeared in Poland in the 90s of the last century. They were transferred from Western Europe and the United States, where they provided system solutions and played an important role in stimulating innovation activity. However, the latter regions are economically developed, while Poland is playing catch-up. The important question is whether business support organizations will significantly increase the innovative potential of  Polish enterprises. Purpose of the article: The purpose of this paper is to probe the impact of business support organizations on innovation activity in Polish industrial companies. It remains to be determined whether enterprises which use BSO services are more likely to engage in innovation activities than enterprises which do not use such services. Methods: To carry out the study, a multi-factor logit regression method was used. In this study, the method allows the determination of the odds ratio for the likely occurrence of innovation activity in companies that used the services of BSOs compared to enterprises that did not do so. The attributes of innovation activity have been singled out in accordance with the international standards of the Oslo methodology. The study was conducted in 2015 for the years 2012–2014 based on a sample of 951 manufacturing companies in the Masovian Voivodeship. Findings & Value added: In the Masovian Voivodeship it is the technological parks and training and consulting centres which have the most advanced degree of influence on the innovation activity of enterprises. The roles of technology incubators, and loan and guarantee funds are also significant. With regard to cooperation on innovation, there is a much better arrangement in sectoral systems, i.e., with suppliers, customers and competitors, than with scientific institutions.

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.

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