EFFECT OF CSR IMPLEMENTATION AND CRISIS EVENTS IN BUSINESS ON THE FINANCIAL MANAGEMENT OF SMES

Technological and Economic Development of Economy, Год журнала: 2023, Номер 29(5), С. 1496 - 1519

Опубликована: Сен. 19, 2023

The financial management of a business is an integral part strategic management. Small and medium-sized enterprises (SMEs) are vulnerable to the presence crisis events in environment. In this context, senior managers owners need react promptly emerging changes given segment. aim article quantify effect firm’s CSR implementation on performance SMEs. empirical research incorporated 1,090 SMEs environment four Central European countries. hypotheses were evaluated using structural equation modelling. findings confirmed positive impact enterprise its results did not confirm negative effects Crisis phenomena have direct sustainability enterprise; organizational activities functioning market enterprise. used as basis for preparation projects national international policies helping cope with SME

Язык: Английский

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

Oeconomia Copernicana, Год журнала: 2024, Номер 15(1), С. 307 - 342

Опубликована: Март 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.

Язык: Английский

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Modeling the Efficiency of Resource Consumption Management in Construction Under Sustainability Policy: Enriching the DSEM-ARIMA Model

Sustainability, Год журнала: 2024, Номер 16(24), С. 10945 - 10945

Опубликована: Дек. 13, 2024

The aim of this research is to study the influence factors affecting efficiency resource consumption under sustainability policy based on using DSEM-ARIMA (Dyadic Structural Equation Modeling Autoregressive Integrated Moving Average) model. performed Thailand experience. findings indicate that continuous economic growth aligns with country’s objectives, directly contributing social growth. This efficient planning. It demonstrates management goal achieving 5.0. Furthermore, considering environmental aspect, it found and impacts ecological aspect due significant in construction. construction shows a rate increase 264.59% (2043/2024), reaching 401.05 ktoe (2043), which exceeds carrying capacity limit set at 250.25 ktoe, resulting long-term degradation. Additionally, political have greatest environment, exacerbating damage beyond current levels. Therefore, model establishes new scenario policy, indicating leads degradation reduced 215.45 does not exceed capacity. Thus, if utilized, can serve as vital tool formulating policies steer toward 5.0 effectively.

Язык: Английский

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Direct and indirect effects of digital transformation on sustainable development in pre- and post-pandemic periods

Technological Forecasting and Social Change, Год журнала: 2023, Номер 200, С. 123139 - 123139

Опубликована: Дек. 29, 2023

Язык: Английский

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Brain gain and country's resilience: A dependency analysis exemplified by OECD countries

Equilibrium Quarterly Journal of Economics and Economic Policy, Год журнала: 2024, Номер 19(2), С. 591 - 621

Опубликована: Июнь 30, 2024

Research background: In the light of growing demand for highly skilled workers, driven by rapid changes in labour market and business environment, ability to attract talented determines not only performance, but also macroeconomic development prospects. This stimulates national governments create positive conditions use human capital migrants. One most important factors brain gain can be country stability as a sign comfortable environment realisation intellectual potential. Purpose article: The study aims investigate links between country’s resilience gain, including its partial indicators. Methods: For comprehensive assessment, migration indicators were used categories migrants: educated foreign entrepreneurs, university students start-up founders that we integrated into an integral index migration. data was collected OECD countries 2023. authors methods statistical correlation-regression analysis, economic-mathematical modelling GRETL software environment. Findings & value added: has shown components (especially Economic Supply chain) have effect on gain. Considering it is found destination greatest influence decisions workers i.e. migrants with experience economic activity entrepreneurial capital, which, turn, strengthens competitiveness countries. Such conclusions are improvement management programs terms attraction retention talents.

Язык: Английский

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Communication with clients in the development of sustainability: A case of Lithuanian companies

Economics & Sociology, Год журнала: 2025, Номер 18(1), С. 262 - 281

Опубликована: Март 1, 2025

Sustainable development has become a strategic objective for contemporary businesses. It aims to ensure long-term economic growth by creating innovative products and services, efficient resource management, environmental preservation, promoting social welfare. The interplay between client communication the of sustainable innovation emerged as critical area study, intersecting theories sustainability, science. This study aimed investigate how facilitates customer engagement in sustainability initiatives explore creation innovations Lithuanian business context. research employed qualitative content analysis examine web pages largest organisations. primary was identify strategies used these organisations involve clients processes. One hundred publicly available organisational websites were analysed, alongside documents related their activities (e.g., reports, corporate responsibility reports). results indicate that efforts is essential participation Moreover, involvement factor achieving desired outcomes initiatives, particularly context within

Язык: Английский

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The role of sustainable digital innovation in achieving sustainability in female-owned businesses of Gilgit-Baltistan: do entrepreneurial attitude, perceived behavior and subjective norms matter

Discover Sustainability, Год журнала: 2025, Номер 6(1)

Опубликована: Апрель 19, 2025

Язык: Английский

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Eco-innovation in the European Union: Challenges for catching-up economies

Entrepreneurial Business and Economics Review, Год журнала: 2023, Номер 11(1), С. 145 - 164

Опубликована: Янв. 1, 2023

Objective: The objective of the article is to examine eco-innovation performance EU countries measured by Eco-Innovation Index and identify key areas for improvement members with relatively low scores. Research Design & Methods:The research methods include literature study, analysis documents, comparative statistical data collected from scoreboard database use descriptive statistics, correlation index, cluster analysis.The covered selected indicators sub-indicators nine catching-up economies compared leading average.Findings: results show that despite fact almost all group eco-innovators made progress in terms their overall performance, albeit they were unable significantly reduce innovation gap between them, classification based on relative remained unchanged recent decade.This suggests more effort, focused especially specific thematic areas, needed these make bigger move up average performers even eco-innovators.The strongest value a given subindex main are: total R&D personnel researchers, eco-innovation-related patents, energy productivity implementation sustainable products among SMEs, but subsequent subindexes need attention.Implications Recommendations: Taking into consideration eco-innovations are important tools achieving development goals, study may provide guidance policy-makers area policy development, classified as 'catching eco-innovation.'Contribution Value Added: By focusing this respect those catching up, we have identified require significant improvement, looking perspective currently weak individual dimensions ecoinnovation striving improve performance.

Язык: Английский

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Consumption and frequency of wine drinking in V4 countries

Ukrainian Food Journal, Год журнала: 2024, Номер 13(1), С. 175 - 191

Опубликована: Март 1, 2024

Introduction.The aim of the article is to evaluate consumption and frequency drinking wine in countries Visegrad Four.Materials methods.The data were obtained from sources: Standard EU Alcohol Survey / Deep Seas, DATACube, Public Database VDB, Wine Consumption per Capita Hungary, Poland.The following methods used: The Kruskal Wallis test, Analysis Variance Mann-Whitney test.Results discussion.Wine individual Four varies.Hungary has achieved highest last period, where average pure alcohol for decade (2010-2021) 3.2 liters.The analysis shows that when evaluating all age categories terms drinking, largest group (18.42%) are consumers who drink 2-5 days a year.The second (16.58%) 1-2 week.The third (16.38%) with 2-3 month.From point view comparison countries, it follows four analyzed consume occasionally but most Poland.From regular consumption, Czech Republic stands out.Wine Hungary Slovakia have same behaviour contrast Poland.On other hand Poland similar consumer behaviour.Among comparisons states, there significant differences drinking.Conclusion.Czech, Slovak Hungarian winemakers starting expand into Polish market chance.Hungary recorded recent years, an liters capita.Due globally decreasing area vineyards, demand as well prices will increase.

Язык: Английский

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ESG disclosure, firm internationalization, and firm financial performance: Evidence from Asia-Pacific

JOURNAL OF INTERNATIONAL STUDIES, Год журнала: 2024, Номер 17(2), С. 240 - 261

Опубликована: Июнь 1, 2024

Environmental, social and governance (ESG) disclosures maintain a sustainable strategic fit between the organization's goals its changing environment have an impact on firm's ability to attract funds, gain competitiveness, hence financial performance (FFP). The objective of present study is evaluate environmental, social, (ESGD) firm (FFP), especially emphasizing moderating role internationalization. employed panel dataset 697 firms listed in Asia-Pacific emerging economies from 2013 2022. findings fixed effect robust two-stage least square estimations reflect that modern pillars corporate responsibility – ESGD - significantly negatively influence FFP; however, degrees internationalization (international intensity, geographical extensity) positively moderate association FFP. current several implications for regulatory bodies, practitioners, administrative decision-making authorities both government corporations. We further recommend course action where attempt can be made encourage international trade best aligned with Sustainable Development Goals.

Язык: Английский

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