scholarly journals Factors affecting the business environment of SMEs in Nitra region in Slovakia

2018 ◽  
Vol 9 (2) ◽  
pp. 309-331 ◽  
Author(s):  
Enikő Korcsmáros ◽  
Monika Šimova
Keyword(s):  
Future Development ◽  
Regional Policy ◽  
Research Question ◽  
Value Added ◽  
Business Environment ◽  
Transport Cost ◽  
Primary Research ◽  
Economic Sectors ◽  
The Future ◽  
The Impact

Research background: Businesses are directly affected by the outside world, i.e. the business environment. Literature review lists a number of factors of the business environment affecting businesses. These factors may be oriented towards inputs, outputs, sales, or can be an instrument of regional policy. With regard to future development of businesses, it is crucial to identify which factor and to what extent can influence the operation of the business. Purpose of the article: The main objective of the primary research was to provide a comprehensive assessment of how different factors influence enterprises of different economic sectors as well as help to verify the research question defined and formulate recommendations for future development of enterprises. The questionnaire survey to verify the research question was conducted on a sample of 496 small and medium-sized enterprises. Methods: We chose quantitative method of ANOVA for processing the results of the survey, and we also set the limit of significant impact of different influence factors on the basis of analysed data of primary research, and the limit of significant impact. Based on literature study, we have grouped individual factors such as factors focused on inputs, on outputs, on sales, and instruments of regional policy. Based on those findings we can identify the impact of factors for the future development of SMEs in different economic sectors. Findings & Value added: SMEs of Nitra Region involved in the research represent different economic sectors and various factors influence them with different intensity, for future development of these SMEs it is necessary to reduce the transport cost of raw material and goods, improve the attitude of employees to work, and the technical level of equipment to improve the economic situation of the region. The mentioned findings are important for formulating the future regional development plan.

scholarly journals Factors affecting the business environment of SMEs in Nitra region in Slovakia

2018 ◽  
Vol 9 (2) ◽  
pp. 309-331
Author(s):  
Enikő Korcsmáros ◽  
Monika Šimova
Keyword(s):  
Future Development ◽  
Regional Policy ◽  
Research Question ◽  
Value Added ◽  
Business Environment ◽  
Transport Cost ◽  
Primary Research ◽  
Economic Sectors ◽  
The Future ◽  
The Impact

Research background: Businesses are directly affected by the outside world, i.e. the business environment. Literature review lists a number of factors of the business environment affecting businesses. These factors may be oriented towards inputs, outputs, sales, or can be an instrument of regional policy. With regard to future development of businesses, it is crucial to identify which factor and to what extent can influence the operation of the business. Purpose of the article: The main objective of the primary research was to provide a comprehensive assessment of how different factors influence enterprises of different economic sectors as well as help to verify the research question defined and formulate recommendations for future development of enterprises. The questionnaire survey to verify the research question was conducted on a sample of 496 small and medium-sized enterprises. Methods: We chose quantitative method of ANOVA for processing the results of the survey, and we also set the limit of significant impact of different influence factors on the basis of analysed data of primary research, and the limit of significant impact. Based on literature study, we have grouped individual factors such as factors focused on inputs, on outputs, on sales, and instruments of regional policy. Based on those findings we can identify the impact of factors for the future development of SMEs in different economic sectors. Findings & Value added: SMEs of Nitra Region involved in the research represent different economic sectors and various factors influence them with different intensity, for future development of these SMEs it is necessary to reduce the transport cost of raw material and goods, improve the attitude of employees to work, and the technical level of equipment to improve the economic situation of the region. The mentioned findings are important for formulating the future regional development plan.

scholarly journals ASSESSMENT AND ANALYSIS OF SOME CHANGES IN THE SECTORAL STRUCTURE OF THE ECONOMY

2019 ◽  
Vol 17 (Suppl.1) ◽  
pp. 138-144
Author(s):  
Iv. Stoycheva
Keyword(s):  
Regional Policy ◽  
Structural Changes ◽  
National Level ◽  
Value Added ◽  
Economic Sectors ◽  
Regional Economic ◽  
Services Sector ◽  
Sectoral Structure ◽  
Agriculture Industry ◽  
Level Of Aggregation

The regional economic opportunities for the development of economy are linked to the dynamics of regional disparities formation and to the implementation of adequate regional policy in order to achieve economic efficiency. The socio-economic development of the country depends on the appropriate and effective construction of such regional economic structures, which provide favorable development at both regional and national level. The purpose of this article is to assess the changes in the sectoral structure of the indicators gross value added and employment for the period 2008-2017 and to prove the importance of the services sector as a sector with a growing potential for development. Structural divergences at national level have been assessed at the level of aggregation of three main economic sectors-agriculture, industry and services. The achieved results on the strength and direction of structural changes show that the restructuring takes place at different rates in individual regions, as in regions with a more developed economy and more favorable indicators the dynamics of these processes predetermines structure in which the supply of services is highly prevalent.

scholarly journals Liquidity and the Performance of the Nigerian Manufacturing Firms: an Economic Value-added Approach

2021 ◽  
Vol 17 ◽  
pp. 47-55
Author(s):  
Olusegun Osho ◽  
Alexander Ehimare Omankhanlen ◽  
Mojisola Fasanmi ◽  
Victoria Akinjare
Keyword(s):  
Manufacturing Industry ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Economic Sectors ◽  
Manufacturing Firm ◽  
Development Indicators ◽  
And Performance ◽  
The Impact

Considering the possibility of finding a gap and a room for improvement, so much have been written about liquidity and performance. Notwithstanding, the emphasis has been on profitability as a yardstick for performance and little has been done on other areas of performance measurement. The emphasis has also been more on various economic sectors with the exception of the manufacturing industry. This paper intends to look at the impact, if any, of liquidity provision and availability on Nigeria’s manufacturing firm’s performance from the perspective of Economic Value Added (EVA). Economic value-adding is beyond just profitability or liquidity. The firm's value to the stakeholders, its sustainability and long-term values are defined. The study would apply liquidity theories, profitability and the economic value-added theories as it applies to a manufacturing firm in a developing economy like Nigeria. On its methodology, the article data is obtained from the World Bank’s World Development Indicators-WDI and then a regression analysis will be run on the data using the SPSS software and then an analysis of the results of the regression. The last section of the article would conclude and make recommendations from the study outcome and the empirical analysis with respect to the theories.

scholarly journals Importance of professional ethics and corporate social responsibility within business studies curriculum within context global economy

2020 ◽  
Vol 74 ◽  
pp. 04004
Author(s):  
Tatjana Daudisa ◽  
Velga Vevere
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Global Economy ◽  
Quantitative Research ◽  
Business Students ◽  
Research Question ◽  
Business Environment ◽  
The Future ◽  
Mba Curriculum ◽  
Corporate Social

Businesses today have to juggle between the need to survive due to increased competition and the pressure to become socially and environmentally responsible business entity. Consistent with the intensification of discussion about the importance of embracing CSR among businesses, the issues now has expanded to the concern over the future of CSR. In view of this, the future of CSR will depend on how the future generations perceive the importance of embracing CSR in business operations. The purpose of the current study is to research the business students’ perception of importance of ethics and corporate social responsibility courses within their curriculum. The quantitative research design is applied in the study – the target group survey using 7-point Likert scale questionnaire, nonprobability purposive sampling (n=131). The research question posed in the current article is the following: Does business students’ attitude towards CSR and ethics depend upon taking these courses as part of BBA and MBA curriculum? The result of the study – the mapping of students perceptions and attitudes towards ethical aspects taught at the university. The practical implications of the current study are of improvement of BBA and MBA curriculum to meet the needs of the 21st century in the globalized business environment.

scholarly journals Between Sustainable and Temporary Competitive Advantages in the Unstable Business Environment

2020 ◽  
Vol 12 (21) ◽  
pp. 8832 ◽  
Author(s):  
Letycja Sołoducho-Pelc ◽  
Adam Sulich
Keyword(s):  
Competitive Advantage ◽  
Development Strategy ◽  
Inductive Inference ◽  
Research Question ◽  
Business Environment ◽  
Quantitative Model ◽  
Green Economy ◽  
Literature Study ◽  
Economic Sectors ◽  
Model Combining

Gaining a competitive advantage assumes that a company should build a unique position, but this concept is related to a relatively stable environment. However, it is difficult to predict the consequences of the enterprises’ changes, leading to changes both in the business and natural environment. Therefore, this study’s authors asked a research question: Is it possible to restore a balance between durability and variability of the organization in terms of strategy? The answer to such a question was drawn upon the literature review and survey research. This paper presents a qualitative and quantitative model of competitive advantage in a changing business environment. This article uses an inductive inference method supported by a literature study and a deduction method supported by statistical calculations, based on a survey conducted among 150 Polish companies in different economic sectors. As a result of the research methods, a dualistic competitive advantage model in a changing environment was proposed and discussed. The article’s aim was achieved in the model combining a sustainable (SCA) and temporary competitive advantage (TCA). Understanding the conditions for gaining competitive advantage allowed to formulate general conditions under which sustainable strategic management can be built to consider sustainability objectives and contribute to the green economy. This research has confirmed that building a competitive advantage in unstable conditions requires finding a balance between implementing the planned development strategy and using new opportunities.

scholarly journals Spanish non-financial corporations and the COVID pandemic: vulnerability, resilience and transformation

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Vicente Salas-Fumás
Keyword(s):  
Value Added ◽  
Probit Model ◽  
Labor Cost ◽  
Organizational Capital ◽  
Corporate Sector ◽  
Economic Sectors ◽  
Content Type ◽  
Country Level ◽  
Heterogeneous Effects ◽  
The Impact

Purpose This paper aims to assess the vulnerability and resilience of the Spanish non-financial corporations (NFC) to the shock from the COVID pandemic with consolidated income accounts data, and shows comparative labor productivity and endowment of organizational capital of Spanish firms, as indicators of their capabilities at the outset of the new digital transformation wave proposed by the next generation EU program. Design/methodology/approach The paper first describes the recent evolution (quarterly 2020 data) of the Spanish non-financial corporate sector (gross value added, labor cost, capital formation, profits) in the assessment of the vulnerability and resilience of the sector to the shock of the COVID pandemic. Then second, it estimates a probit model to evaluate the EU country effects in the explanation of the different propensity firms in the European Company Survey database to adopt innovative management and organization practices. Findings In the Spring of 2020, the Spanish NFC were still recovering from the great recession (low resilience), and the severe contraction in value-added and profits of the corporate sector in the first three quarters of the year evidences its high vulnerability. The proved complementarity between organizational and information related assets implies that the low endowment of organizational capital of Spanish firms, could be a severe limitation for the advancement toward digitalization. Research limitations/implications The aggregate corporate sector data used in the analysis of vulnerability and resilience of Spanish firms does not account for the heterogeneous effects of the pandemic across economic sectors (manufacturing and services, for example) and across firms (large versus small ones). Originality/value The paper complements the country-level analysis of the impact of the COVID pandemic in the Spanish economy with the analysis of the impact of the pandemic in the performance of the corporate sector. It provides one of the first analysis of the current endowment of organization capital of Spanish firms and highlights its relevance for productivity growth.

scholarly journals Globalization and Bankruptcy of SMEs in Slovakia

2021 ◽  
Vol 92 ◽  
pp. 07015
Author(s):  
Jaroslav Dado ◽  
Lenka Hvolkova ◽  
Janka Taborecka
Keyword(s):  
Value Added ◽  
Structured Interview ◽  
Business Environment ◽  
Global Market ◽  
Market Potential ◽  
Negative Consequences ◽  
Negative Effects ◽  
Market Opportunities ◽  
Evidence Of Impact ◽  
The Impact

Research background: Globalization - the process of increasing social, cultural, political, and economic interdependence - has resulted in several changes in business environment. Global market opportunities and threats are major effects of globalization; they refer to the increases in market potential, trade and investment potential and resource accessibility. Global market threats refer to the increases in the number and level of competition, and the level of uncertainty. Global competitors can have the impact on bankruptcy of local SMEs in less developed or smaller countries. Are globalization in economics and company bankruptcy related? In the past, the cause of bankruptcy was mainly in the company itself. The development of globalization has brought a number of positive as well as a number of negative consequences for several areas of society. Is one of the negative effects of globalization the bankruptcy of companies? Purpose of the article: The paper presents a classification of external and internal causes of bankruptcy and indicators of the threat of company bankruptcy. The paper also focuses on the results of the research analysis about the causes of small and medium-sized enterprises mortality in Slovakia and the impact of globalization factors as the causes of their bankruptcy. The analysis of bankruptcies is oriented on the research of the causes of small and medium-sized enterprises mortality in Slovakia and the influence of globalization factors as the causality of their bankruptcy. Methods: The research sample presents structured interview with 16 SMEs´ owners. They identified more aspects of globalization impact to Slovak SMEs bankruptcy. Findings & Value added: The results of research indicate that there is an evidence of impact of globalization on the bankruptcy of SMEs in Slovakia, but there are some differences among various industries.

scholarly journals An Empirical Examination of the Impact of Economic Structural Change on Income Inequality: Dynamic Heterogeneous Panel Approach

2021 ◽  
Vol 10 (1) ◽  
pp. 136
Author(s):  
Maha Elhini ◽  
Rasha Hammam
Keyword(s):  
Structural Change ◽  
Income Inequality ◽  
Value Added ◽  
Least Squares Regression ◽  
Economic Sectors ◽  
Empirical Examination ◽  
Middle Income ◽  
Middle Income Countries ◽  
Long Run ◽  
The Impact

This paper employs structural growth perspective to the analysis of income inequality in 43 countries over the period 2003-2017.The study utilizes two different panel estimation techniques. First, the panel least squares regression examines the relevance of Kuznets effect of the different economic sectors; agriculture, manufacturing and services on income inequality. Second, the pooled mean group (PMG) estimation of dynamic heterogeneous panels gauges the long run impact of the change in sectoral value added as a proxy for structural change on inequality. PMG presents short run adjustments to be country-specific due to the widely different impacts of macroeconomic conditions and vulnerability of each country to income inequality. Empirical findings show that across all countries, sector growth had no to negligible impact on inequality indicating that no signs are evident of Kuznets effect. However, both inflation and unemployment have mixed impacts on inequality in Lower and Middle-Income countries. Results further reveal that unemployment has a relatively stronger influence on inequality than inflation for Upper-middle income countries, unlike in Lower-middle income countries, where unemployment shows a weaker correlation with inequality than inflation. Results for High-income countries show that the influence between inflation and unemployment are not as big as in Upper middle-income countries.

scholarly journals An Economic Analysis of the Greenhouse, Nursery, and Sod Sector in the United States

HortScience ◽  
2003 ◽  
Vol 38 (1) ◽  
pp. 128-130 ◽  
Author(s):  
Edmund M. Tavernier ◽  
Robin G. Brumfield
Keyword(s):  
United States ◽  
Economic Analysis ◽  
Economic Activity ◽  
Value Added ◽  
The United States ◽  
Farm Income ◽  
Agricultural Policies ◽  
Economic Sectors ◽  
The Impact ◽  
The U.S

The greenhouse, nursery, and sod (GNS) sector in the United States accounted for $10 billion in gross sales or 5% of gross farm receipts, in 1998. Despite its significant economic contributions, the sector receives little attention from policymakers. Part of the problem lies in the absence of empirical economic analysis that addresses the impact of the sector on the U.S. economy. The absence of such analysis places the sector at a disadvantage when agricultural policies are designed to address agricultural imbalances, such as farm income problems, and hinders the ability of the sector to lobby for policies favorable to GNS producers. This study provides estimates of the economic impacts of the GNS sector on the U.S. economy and quantifies the linkages between the GNS sector and other economic sectors. The results show that the sector contributed over $26 billion and $17 billion in output and value added economic activity, respectively, and over 438,000 jobs.

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