SMEs sustainability: The role of human resource management, corporate social responsibility and financial management

Oeconomia Copernicana, Journal Year: 2024, Volume and Issue: 15(1), P. 307 - 342

Published: March 30, 2024

Research background: The sustainability of small- and medium-sized enterprises (SMEs) represents a significant scientific professional problem in the current turbulent period because these play an important role any country’s economic social systems. Purpose article: This paper aimed to define factors small quantify their impact importance on SMEs. areas Human Resource Management, Corporate Social Responsibility, financial management were defined as factors. Methods: Empirical research, which hypotheses formulated evaluated, was conducted June 2022 V4 countries (Czech Republic, Slovak Poland, Hungary) using structured questionnaire. study accumulated sample 1398 respondents. Data collection through external agency, MN FORCE, operating Central European countries. Computer Assisted Web Interview (CAWI) method used record respondents’ perceptions. Descriptive statistics, correlation analysis, linear regression analysis evaluate hypotheses. Findings & value added: research showed that all resource (HRM), responsibility (CSR), firm had attributes. greatest found firm’s management, followed by CSR HRM. empirical results confirm intensity independent variables varies across These also show selected HRM, CSR, is higher integrated models than for individual have shown range determine right attitude towards companies. In this context, policymakers entrepreneurs must perceive sustainable growth complex apply systemic approach its design implementation.

Language: Английский

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Transformation of Settlement Structures in Europe: Trends, Challenges, and Reform Approaches

Land, Journal Year: 2025, Volume and Issue: 14(1), P. 167 - 167

Published: Jan. 15, 2025

Changes in the number of municipalities and their administrative organization represent one central themes European public administration, reflecting historical context, demographic changes, economic pressures, technological progress. The aim this study is to analyse approaches merging division selected states identify factors influencing success these reforms. research uses a combination comparative analyses legislative frameworks, socio-economic conditions, case studies works with data from official statistics, scholarly literature, reports on implementation main findings show that some states, such as Denmark, achieve significant improvements efficiency through municipalities, while others, France, prefer preservation smaller order maintain local identity community ties. Reform processes often face cultural political obstacles, depends voluntary approaches, financial incentives, effective communication public. concludes key governance balance between need optimize services specificities. These provide important guidance for further reform context can contribute sustainable development regions well greater satisfaction population.

Language: Английский

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Shaping Sustainable Futures: Public Policies and Renewable Energy Insights Based on Global Bibliometric Analysis

Sustainability, Journal Year: 2024, Volume and Issue: 16(12), P. 4957 - 4957

Published: June 10, 2024

The paradigm of sustainable energy is gaining ground at the historical juncture present worldwide push for development. This being driven by latest technological advancements and a maturing process public policy evolution toward support transition. paper analyzes, with bibliometric analysis, specialized literature in order to capture main themes interest, as well their evolution, thus offering panoramic view research trends significance implementing correct environmental measures policies. Covering period from 1991 2024, our exploration filters 2990 articles Web Science database using query that intersects “sustainable energy”, “renewable development”, nuanced consideration political landscape shapes these domains. Using advanced capabilities R program, methodology employed facilitates workflow extraction allowing detailed examination proliferation over decades. provides significant results, demonstrating increasing impact through international collaborations, importance high-impact journals on sustainability policies, growing focus energy” “CO2 emissions”. analysis relevance term groups development correlation between economic growth CO2 emissions confirms emerging trends. Furthermore, critical directions future necessity formulating coherent policies are highlighted.

Language: Английский

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MODEL OF SUSTAINABILITY OF SMES IN V4 COUNTRIES

Journal of Business Economics and Management, Journal Year: 2024, Volume and Issue: 25(2), P. 226 - 245

Published: March 26, 2024

The research’s objective was to develop a thorough model of the viability SMEs in V4 countries based on predetermined variables. following factors were defined: human resources management, business ethics, corporate social responsibility, company digitalisation, environmental considerations, financial and sustainability SMEs. developed solid empirical research carried out Visegrad Four June 2022 by renowned external agency MNFORCE using sample 1,398 respondents “Computer Assisted Web Interviewing” technique. According research, complex SMEs’ depending listed criteria is statistically significant. Each investigated factor has favourable impact sustainability. study’s findings supported notion that aspects have strongest positive long-term indicate management resources, finances, degree digitalisation significantly influence businesses. provide an important platform for managers responsible SME segment at worldwide level (International council small business), national (particularly nations), as well institutions supporting owners.

Language: Английский

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The Relevance of Sectoral Clustering in Corporate Debt Policy: The Case Study of Slovak Enterprises

Administrative Sciences, Journal Year: 2024, Volume and Issue: 14(2), P. 26 - 26

Published: Jan. 30, 2024

The processing and transformation of natural resources into completed semi-finished products is the primary function industry in each nation’s economy. There no denying significance sectoral classification economy, but slow development extension one could have resulted advancement other sectors that are now a part contemporary communities. Since there statistically significant differences between various industries, numerous authors currently investigating impact on financial structure firms, revealing as crucial determinant corporate indebtedness. Thus, main aim this study to determine debt level sample 4237 enterprises operating market period 2018–2021 from using eight indicators, well identify relationships them, which may help reveal with homogeneous patterns indebtedness (using cluster analysis) thus understand most stable independent. Kruskal–Wallis test then used if calculated ratios related economic sector. Based results, it can be concluded choice significantly influenced by industry. Financial performance indicators quantitative statistics assess, monitor, forecast company or health. They act instruments for business insiders outsiders assess company’s performance, particularly comparison competitors, pinpoint its strengths weaknesses, making outputs important all types stakeholders.

Language: Английский

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Circular economy efficiency in the context of waste management in the selected Central and Eastern European countries – evidence from DEA and fractional regression analysis

Economics & Sociology, Journal Year: 2024, Volume and Issue: 17(3), P. 175 - 195

Published: Sept. 1, 2024

Sustainability and optimizing waste management efficiency through circular economy principles have become significant trends in recent research. This study aims to compare the within framework selected Central East European countries. To achieve this, research employs Data Envelopment Analysis (DEA) Fractional Regression Analysis, specifically using Slack-Based Measurement model. model measures by referencing inefficient Decision-Making Units (DMUs) rather than origin of coordinate system. Key variables such as GDP per capita, growth rate, indicators were analyzed Eurostat data from 2010 2022. The findings reveal varying potentials for improving hazardous non-hazardous countries investigated. Additionally, differences mutual influence variable on are identified Analysis. These insights emphasize pivotal role advancing policies.

Language: Английский

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Main factors and causes that are influencing the digital competences of human resources

ADMINISTRATIE SI MANAGEMENT PUBLIC, Journal Year: 2023, Volume and Issue: 41, P. 26 - 53

Published: Nov. 28, 2023

The integration of digital technologies in public administration is influenced by the competences human resources. objectives this research are to identify main factors and causes that influence resources’ level find out correlations between factors, causes, competences. survey was conducted within National Agency Civil Servants (NACS) responsible for management civil servants from Romanian administration. 25 variables were selected grouped three categories. instruments used were: SPSS Principal Component Analysis. According results, influencing social extrinsic motivation administrative managerial factors. with a relevant impact on competence development data security privacy risks, dynamic technologies, lack continuity ICT organization activities, excessive bureaucracy. All model have positive correlations. results useful interesting both scholars governmental institutions. them discussed first time specialized literature raising up key elements should be taken into account an efficient transformation

Language: Английский

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The role of sustainable finance in the context of the European green course

Economics & Sociology, Journal Year: 2024, Volume and Issue: 17(2), P. 54 - 79

Published: June 1, 2024

The European Green Deal can be seen as a societal step towards holistic, all-encompassing approach to climate and environmental challenges. It attempts integrate policy by bringing together improving several existing policies, initiatives funding programs that address sustainability change. This article analyzes the goals objectives of Deal, well strategies for their implementation. establishes Course is long-term process aims build better future society its main goal creation sustainable society. only achieved with approach. also presents theoretical conceptualization finance appropriate distribution investments finances lead successful even transition improvement. Properly used, reduces risk negativity, which caused unavoidably high costs. In addition, systematic increases in are expected result stable sustainability. Although correlation analysis does not show direct relationship between protection implementation objectives, research results indicate strong allocation development renewable energy resource usage. These differing conclusions explained fact much broader area than other two variables analyzed separately. 27 EU countries have been ranked according effectiveness EGD directives economic pro-ecological technologies 2021. positions Lithuania, Latvia, Estonia determined examined detail.

Language: Английский

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Identifying Corporate Culture Using the Organizational Culture Assessment Instrument

Deleted Journal, Journal Year: 2024, Volume and Issue: 2(1), P. 11 - 20

Published: March 23, 2024

Research background: Corporate culture undoubtedly plays a crucial role in successfully overcoming the challenges associated with modern trends today's business environment. is an incredibly fascinating field within organizational management. It requires investigation, as it not static but evolves and adapts over time. Purpose of article: The aim article was to define type corporate by identifying both current desired culture. Additionally, study examined differences values related Methods: Organizational Culture Assessment Instrument utilized identify This methodology evaluated company's underlying assumptions, providing realistic representation its Findings & Value added: key conclusions that wood industry, companies were perceived highly personalized environments, resembling close-knit families where employees frequently interacted shared commonalities. Alongside mentoring, facilitation, support, effective management also emphasized cooperation functional teamwork. Formal rules, loyalty, mutual trust played significant maintaining cohesion company. Employee development, trust, openness, solidarity emphasized. Success based on human resource teamwork, employee engagement, interest. dominant industry clan Therefore, leadership support should be prioritized. valued added finding continue prevail for next 5 10 years. recommended consensus, sense belonging prominent industry's future. Loyalty elements company unity. consistently implemented, along These findings can assist managers their practices.

Language: Английский

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Participative management style in SMEs: Influence of CSR factors. Empirical evidence from the Visegrad Group

JOURNAL OF INTERNATIONAL STUDIES, Journal Year: 2024, Volume and Issue: 17(3), P. 133 - 147

Published: Sept. 1, 2024

The aim of this study was to define significant corporate social responsibility (CSR) factors that determine the use participative management style in SMEs and quantify influence. In order achieve objective, a questionnaire survey conducted on sample 1,398 across V4 countries. data collected through computer-assisted web interviewing by MNFORCE, well-known market research firm. empirical June 2022. fundamental relationships interconnections between CSR participatory approach were substantiated application regression analysis. results demonstrated portion these significantly affects leadership SMEs. strongest impact is observed for entrepreneurs' belief makes it possible acquire satisfied, loyal, motivated employees. second most factor determining X3 (the average value correlation coefficient 0.208). potential opportunity gain competitive advantage implementation also motivates entrepreneurs apply SMEs; as third factor, had an 0.199. Finally, implementing has improving firm performance proved motivating This practical implications. should motivate managers implement essential attributes concept, especially concerning their own Managers recognize importance assessing appropriate HRM policies regarding skills, motivation, opportunities employees enhance business performance.

Language: Английский

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