Notice: Undefined variable: CESTA in /www/php/lang_hlav.php on line 5 Journal of Competitiveness
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Journal of CompetitivenessEconomyhttp://backend.userland.com/rssTue, 19 Mar 2024 05:12:24 GMThttp://www.cjournal.cz/imgs/cjournal_logo.pngJournal of Competitiveness
http://www.cjournal.cz
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High-quality integrated reporting based on concentrated versus dispersed ownership
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Leading global companies have begun to focus their activities on a larger spectrum, including
both financial and non-financial performance, to gain and maintain competitive advantages.
Integrated reporting provides opportunities through which companies can increase transparency
about their business activities, including environmental, social, and governance (ESG)
initiatives. ESG has become increasingly important as a key component of business
competitiveness. Using multiple regression models, we empirically investigate the influence of
ownership structure on the quality of integrated reporting. Based on a sample of 1,017
integrated reports from Asian and European regions for the period of 2016-2019, we
hypothesize and find that companies with dispersed ownership show higher quality integrated
reporting as compared to companies with concentrated ownership. Companies with dispersed
ownership face a higher level of pressure from various individuals and institutional
shareholders, leading to more effective control of the companies’ operations. By contrast,
companies with concentrated ownership tend to be influenced more by the majority of the
shareholders, leading to less effective control of the companies’ operations. Our study
contributes to the literature on gaining and maintaining competitive advantages through ESG
initiatives by providing evidence that the pressures from various shareholders to invest in ESG
activities are beneficial for companies marketplace competitiveness. Our study suggests that
companies need to diversify their ownership to improve their financial as well as non-financial
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An innovative perspective on the impact of innovation on global competitiveness: Comparative analysis of EU13 and EU15 countries
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This study examines the relationship between innovation and global competitiveness in
European Union (EU28) member states and the differences between EU13 and EU15 countries
categorised by wealth level from 1997 to 2019. The study employs the Parks–Kmenta panel
data method considering heteroscedasticity, serial correlation and cross-section dependence to
analyse the impact of innovation, income inequality, unemployment and labour force share in
national income on global competitiveness. The results reveal that innovation has the highest
positive effect on global competitiveness, with a 1% increase in the innovation index leading
to 13.4% and 11.1% increases in global competitiveness for the EU28 and EU15–EU13,
respectively; a 1% increase in income inequality leads to a 0.53% and 0.55% increase in global
competitiveness for the EU28 and EU15–EU13, respectively; a 1% increase in unemployment
causes a 0.12% and 0.13% decrease in global competitiveness for the EU28 and EU15–EU13,
respectively; a 1% increase in labour’s share in national income results in a 0.18% and 0.17%
decrease in global competitiveness for the EU28 and EU15–EU13, respectively. The analysis
also shows that EU15’s global competitiveness is 11.7% higher than EU13. This study
concludes that innovation is the primary determinant of global competitiveness; however, it
may come at the cost of a decrease in labour’s share in national income and income distribution
equality. Notice: Use of undefined constant clanek_nazev - assumed 'clanek_nazev' in /www/rss.php on line 68
Assessing the global competitiveness of European countries
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Despite the importance of competitiveness in the context of a market economy, both practical
and methodological issues remain unresolved in the assessment of its state. One of the reasons
is that this phenomenon is a complex phenomenon, manifested in many different facets in
reality, and therefore the concepts and definitions of competitiveness emphasise different
aspects that reflect it. On the other hand, almost all of them emphasise its impact on the
country’s economic development. The results of the analysis of these impacts depend to a large
extent on the adequacy of the assessment of the actual level of competitiveness of the country.
To a large extent, it depends on how it was valued. Out of the three most widely applied
methodologies, the World Economic Forum, the Institute for International Management
Development, and the Institute for Industrial Policy Studies, the Global Competitiveness Index,
proposed by the World Economic Forum, brings together 12 dimensions of equal importance.
The analysis shows that this importance must be different, as some reflect factors that directly
and fully affect the competitiveness of a country, while others are the result of the first effects.
This idea is confirmed by experts, giving dimensions different weights and greater importance
to factors directly affecting the competitiveness of the country. An assessment of the Global
Competitiveness Index of the European Union countries using the same and different
dimensional weights showed a difference between 0 % and 3 %. With the help of correlation
regression analysis, it was found that an increase in the country’s competitiveness by 1% the
GDP per capita increases by 1.04 %. Depending on the size of the country, this amounts to
hundreds of millions to billions of euros. Notice: Use of undefined constant clanek_nazev - assumed 'clanek_nazev' in /www/rss.php on line 68
Inclusiveness and Competitiveness Performance of Digital Financial Inclusion: From the Perspective of Regional Inequity
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With China's rapid economic development, disparities within provinces have increased, leading
to significant regional inequality. The goal of financial inclusion is to provide financial services
to lag-behind regions and disadvantaged groups to promote economic growth and enhance
competitiveness. Further investigation is needed to determine whether digital financial
inclusion has contributed to greater inclusion or aggravated regional inequality due to the digital
divide. The main aim of this study is to examine the inclusive effects and competitiveness gains
of digital financial inclusion from the perspective of regional inequality. By analyzing 23
Chinese provinces from 2011 to 2019 through the panel fixed effects model, the results support
the existence of a digital divide, which creates regional inequality. Further analysis of the
moderating effects reveals that the elimination of the digital divide by digital competitiveness
reduces the effect of regional inequality's impact on digital financial inclusion. The advantages
of digital financial inclusion to improve competitiveness are already beginning to emerge. This
paper reveals that digital financial inclusion has a non-linear threshold effect. At a time of rapid
growth in digital financial inclusion, it is crucial to be aware of the inequalities brought on by
the digital divide and, more importantly, to capture the beneficial effects of digital
competitiveness to enhance regional competitiveness. Notice: Use of undefined constant clanek_nazev - assumed 'clanek_nazev' in /www/rss.php on line 68
Uncovering the Complexities of Intellectual Property Management in the era of AI: Insights from a Bibliometric Analysis
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Intellectual property (IP) management has posed continuous problems in the digital world, so
understanding its associated concepts and the particularities they present is crucial. Within
artificial intelligence (AI), machine learning (ML) and natural language processing (NLP) have
enabled the intelligent processing and analysis of large volumes of data, making them widely
used tools. In order to help fill the research gap that exists due to the novelty of the concepts, a
bibliometric analysis is proposed of 404 scientific documents linked to AI, ML, NLP and IP,
extracted from the Web of Science (WoS) core collection repository. The results demonstrate a
current trend in research on the management of IP, related to digital tools and highlight the
issues that arise from the management of IP stemming from their use. This research also
identifies how these tools have been used to facilitate the management and identification of IP.
In this sense, this study brings originality to the field of intellectual property management by
examining previous studies and proposing new avenues for future research, thus broadening the
current understanding of the subject. Entrepreneurs and business leaders can benefit from this
study as it uncovers the complexities of IP management and thus enhances understanding of
the opportunities and challenges in the AI era. Notice: Use of undefined constant clanek_nazev - assumed 'clanek_nazev' in /www/rss.php on line 68
Why do gazelles grow? An analysis of the high-growth business environment in the Euro area
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High-growth companies (also called gazelles) are an increasing part of the European business
fabric, especially after the Great Recession of 2007-09. They are creating new jobs and
improving the competitiveness of Euro area countries. This paper documents the economic and
institutional factors that have led this business segment to grow in importance. Using a panel
of data for the Euro area member countries from 2014 to 2020, we estimate which factors are
related to the evolution of high-growth firms. The results highlight the importance of economic
growth, the weight of bank credit in the economy, labor flexibility, freedom of investment and
the development of more creative and innovative products. The growth of this business segment
does not seem to be influenced by other factors such as institutions, property rights and the
quality of infrastructure. The conclusions drawn from this work can contribute to the
development and implementation of public policies aimed at fostering business growth. Notice: Use of undefined constant clanek_nazev - assumed 'clanek_nazev' in /www/rss.php on line 68
Influencing Aspects for Online Sales: An Analysis of 2nd-degree Olive Cooperative Societies in Spain
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Spain occupies an important strategic position in the olive oil world market, accounting for
49.92% of world production and 71.49% of European Union production for the 2020-2021
season. These data reveal a situation of leadership and marked specialization which, however,
does not translate into real benefits for the sector. Despite this leadership on the supply side,
the Spanish olive oil sector has been characterized by the sub-standard marketing of its oils,
mainly in bulk. In this context, information and communication technologies (ICTs) in general
and the Internet in particular are tools with the potential to restructure the commercial
functioning of the sector. This paper addresses the problem of the necessary market orientation
of the Spanish olive sector, focusing attention on e-commerce as a means of access to the final
market. Thus, the aim of this study is to identify the key factors that can stimulate a higher level
of online invoicing by the sector's second tier cooperatives. In order to achieve this objective,
qualitative comparative analysis (QCA) has been used. The results indicate that online sales are
affected, in a high percentage, by several factors, including online reputation, management
training and internationalization, as well as the offer of ecological products and the degree of
cooperative integration. Notice: Use of undefined constant clanek_nazev - assumed 'clanek_nazev' in /www/rss.php on line 68
Virtual tourism: A new way of travelling and a new traveller profile
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The evolution of technology makes it possible to discover destinations in an immersive way without the need to travel. Through fieldwork based on 415 surveys, this study determines the relationships between the socio-demographic profile, the respondent’s self-assessment of the use of technology, video games, virtual reality and the metaverse, with the willingness to carry out different immersive virtual tourism experiences. Using an artificial neural network of the multilayer perceptron type, it was found that youth and prior knowledge of online video games and virtual reality have a decisive influence on the willingness to engage in immersive virtual tourism activities. Notice: Use of undefined constant clanek_nazev - assumed 'clanek_nazev' in /www/rss.php on line 68
An optimization approach for an order-picking warehouse: An empirical case
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Order-picking optimization in a business sustainable competitiveness context is challenging due to prior studies focusing on theoretical model development with unrealistic assumptions in their algorithms and methodological validation, often neglecting practical concerns. This paper improves order-picking operations by employing combinatorial optimization as a travelling salesman problem and class-based dedicated storage models for the ATP company. The paper’s originality and novelty lie in bridging the gap between academia and management, presenting an effort to connect theoretical concepts with practical optimization in order-picking warehouse operations in an environment of competitiveness. Realistic data and LINGO software were employed, revealing substantial improvements in the ATP warehouse operations through optimized pick path decisions embedded in warehouse layouts. This paper provides managerial tools for distance traveled optimization in the warehouse that yield competitive edges, enhanced supply chain efficiency and effectiveness, as well as other positive impacts on social, and environmental concerns such as labor safety, customer satisfaction, energy consumption, and CO2 emission. The paper also outlines future research directions to advance warehouse management and address sustainable competitiveness challenges, adding a new dimension to the original research. Notice: Use of undefined constant clanek_nazev - assumed 'clanek_nazev' in /www/rss.php on line 68
Does China's low-carbon city pilots policy stimulate green development? Evidence from a multiple mediating effect model
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Low-carbon city pilot (LCCP) policy is a progressive pollution regulation policy. Besides its role in carbon emission reduction, it has a profound impact on green growth performance and green innovation efficiency. Based on the data of 12 pilot cities and 14 non-pilot cities in the Yangtze River Delta (YRD), this study applies the PSM-DID and spatial mediating model to investigate the multi-dimensional policy effects of LCCP policy on green growth performance and green innovation efficiency. First, the direct effect of LCCP policy on green growth performance has reached 1.46%, ever since its implementation in 2017. Second, considering the intercity innovation cooperation in YRD, LCCP policy has influenced green innovation efficiency by an increase of 12.6%. Furthermore, the time-spatial DID model and multiple mediating effect model identify that LCCP policies have significantly improved green innovation cooperation. Such policies act on the industrial structure upgrading path to achieve the ultimate objective of carbon emission reduction and green growth performance. Third, the green innovation cooperation and substantial transformation of industrial structure upgrading played an important role in realizing the LCCP policy’s effect, with its mediating effect reaching 33.63%. Notice: Use of undefined constant clanek_nazev - assumed 'clanek_nazev' in /www/rss.php on line 68
Bridging the gap between the country and the factors of competitiveness of enterprises
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Enterprises desiring to be competitive have to continuously improve and react to the current trends. It is important, therefore, to know consumers’ opinions and needs to remain competitive, especially as consumers’ behaviour arises from a range of factors and conditions, both macro- and microeconomic. Revenue and the prices of consumer goods, undoubtedly the key determinants that have a direct impact on consumer conduct, decide the market demand, and supply determines the real framework of consumption. Geographical, natural, civilisational, and cultural conditions are among the factors affecting consumers’ decisions, influencing consumers’ cultural preferences on the one hand and having an impact on consumer behaviour, on the other hand. This paper identifies the factors of enterprise competitiveness in the opinions of Czech, Slovak and Polish consumers. Specialist literature is reviewed, and descriptive statistical methods and exploratory factor analysis (EFA) are applied. The results are analysed on the basis of a survey of a consumer group using STATISTICA 13.0 software. The survey questionnaire relates to an assessment of significance of competitiveness factors used by enterprises. The research carried out can influence the development of theories of business competitiveness, and the results obtained can provide guidance to managers on the selection of key factors of enterprise competitiveness. Notice: Use of undefined constant clanek_nazev - assumed 'clanek_nazev' in /www/rss.php on line 68
Joining a currency union to improve financial development and competitiveness: The case of Slovakia
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Enhancing competitiveness is a priority for nations seeking to promote economic growth. One of the critical drivers of a nation’s sustainable competitiveness is financial system development. However, whether joining a currency union has a positive impact on a country’s financial system development requires further investigation. This study evaluates the impact of euro adoption on Slovakia’s financial system development using a synthetic control method with lasso regularization methodology. A comprehensive index that captures the depth, access, and efficiency of financial institutions and markets is used to measure financial system development. Based on a donor pool composed of non-euro OECD countries, the analysis constructs a synthetic counterfactual of Slovakia’s financial system development had it not adopted the euro in 2009. This enables a comparison between real and synthetic Slovakia. The results show that Slovakia’s transition to the common currency contributed positively to the development of its financial system. The findings show that from 2010 - 2021, Slovakia realized a 19 percent increase in its financial system development relative to the counterfactual after adopting the euro. Robustness checks using a different donor pool and alternative specification with additional covariates produce varied, but still positive, effects confirming the study’s main findings.