Abstract The issue of socio-economic convergence is nowadays more than ever an extremely dominant topic, especially in the case of less developed countries and countries suffering stagnation, mainly due to the integration processes occurring worldwide and the determinant to achieve long-term growth in an effort to advance towards the socioeconomic sustainable level of developed economies. A key assumption towards convergence is that economies with initially lower socio-economic levels will at some point reach (in an idea case) or get very close the level of developed economies, gradually reducing the gap between the capital stock and the level of product size between countries, while the lower economic level the country has, the higher the growth rate it will go through the transition period. This suggests that the economies with lower levels of performance will grow on average at a higher rate than economies that are more efficient. It is therefore expected that the growth performance of a country will with its improvement also at some point slow down and quite realistically there can also occur a situation where the levels of development and growth of individual states economies will rather show delay. This is basically an opposite action to the concept of convergence, which is known as the divergence. The aim of our research paper is to analyze closely the concept of convergence, while pointing it is specifically characteristics and overall focusing on the significance of the issue of convergence.
{"title":"Socio-Economic Convergence as a Necessary Precondition and Determinant of Societal Growth","authors":"M. Hudec","doi":"10.1515/stcb-2016-0039","DOIUrl":"https://doi.org/10.1515/stcb-2016-0039","url":null,"abstract":"Abstract The issue of socio-economic convergence is nowadays more than ever an extremely dominant topic, especially in the case of less developed countries and countries suffering stagnation, mainly due to the integration processes occurring worldwide and the determinant to achieve long-term growth in an effort to advance towards the socioeconomic sustainable level of developed economies. A key assumption towards convergence is that economies with initially lower socio-economic levels will at some point reach (in an idea case) or get very close the level of developed economies, gradually reducing the gap between the capital stock and the level of product size between countries, while the lower economic level the country has, the higher the growth rate it will go through the transition period. This suggests that the economies with lower levels of performance will grow on average at a higher rate than economies that are more efficient. It is therefore expected that the growth performance of a country will with its improvement also at some point slow down and quite realistically there can also occur a situation where the levels of development and growth of individual states economies will rather show delay. This is basically an opposite action to the concept of convergence, which is known as the divergence. The aim of our research paper is to analyze closely the concept of convergence, while pointing it is specifically characteristics and overall focusing on the significance of the issue of convergence.","PeriodicalId":30220,"journal":{"name":"Studia Commercialia Bratislavensia","volume":"9 1","pages":"394 - 407"},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67311795","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract This submission is focused on examination of foreign trade relations development between Slovakia and the CIS countries. It highlights the importance of these countries in the Slovak foreign trade. Slovakia is a country that is highly dependent on the international exchange of goods. On the one hand, Slovak developed manufacturing industry demands raw materials, and on the other hand is being forced to seek an outlet for its production. Although the most important business partners of Slovakia are the EU countries, CIS countries represent an important and sufficiently perspective market. Significant part of solved issue consists of examination of the Slovak foreign trade development and analysis of the Slovak foreign trade relations with the CIS countries. The result of the assessment is evaluation and identification of further opportunities for penetration of Slovak exports to those markets and potential improvement of mutual investment relations in the context of current geopolitical changes in the international business.
{"title":"Importance of the CIS Countries to the Development of Foreign Trade Relations of Slovakia","authors":"E. Kašťáková, Viera Ružeková, M. Žatko","doi":"10.1515/stcb-2016-0004","DOIUrl":"https://doi.org/10.1515/stcb-2016-0004","url":null,"abstract":"Abstract This submission is focused on examination of foreign trade relations development between Slovakia and the CIS countries. It highlights the importance of these countries in the Slovak foreign trade. Slovakia is a country that is highly dependent on the international exchange of goods. On the one hand, Slovak developed manufacturing industry demands raw materials, and on the other hand is being forced to seek an outlet for its production. Although the most important business partners of Slovakia are the EU countries, CIS countries represent an important and sufficiently perspective market. Significant part of solved issue consists of examination of the Slovak foreign trade development and analysis of the Slovak foreign trade relations with the CIS countries. The result of the assessment is evaluation and identification of further opportunities for penetration of Slovak exports to those markets and potential improvement of mutual investment relations in the context of current geopolitical changes in the international business.","PeriodicalId":30220,"journal":{"name":"Studia Commercialia Bratislavensia","volume":"9 1","pages":"36 - 48"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1515/stcb-2016-0004","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67310143","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The European integration efforts have been underway on the European continent for several centuries. Therefore, it is important for a better clarity and transparency of selected processes to understand the term European integration, meaning the integration endeavour into the European Union, which in the case of the Visegrad countries took a notable place since the early nineties of the 20th century. This research paper focuses on analysis and comparison of selected development processes in Czech Republic, Slovakia, Poland, and Hungary since the fall of the communist regime in 1989, resulting into the Visegrad Group formation, until joining the European Union in 2004. This research is based on the hypothesis that during this period, the V4 countries had a similar initial economic situation, converging together towards developed structures and corresponding mainly to questions such as what they were their starting situation and how have those countries developed further. It will be further addressed what was the cause of this development and how it continued, showing which countries have led the way, and what factors did influence them the most.
{"title":"Development of the Visegrad Group in the Context of Efforts to Accelerate the Convergence Processes by Joining the European Union","authors":"M. Hudec","doi":"10.1515/stcb-2016-0003","DOIUrl":"https://doi.org/10.1515/stcb-2016-0003","url":null,"abstract":"Abstract The European integration efforts have been underway on the European continent for several centuries. Therefore, it is important for a better clarity and transparency of selected processes to understand the term European integration, meaning the integration endeavour into the European Union, which in the case of the Visegrad countries took a notable place since the early nineties of the 20th century. This research paper focuses on analysis and comparison of selected development processes in Czech Republic, Slovakia, Poland, and Hungary since the fall of the communist regime in 1989, resulting into the Visegrad Group formation, until joining the European Union in 2004. This research is based on the hypothesis that during this period, the V4 countries had a similar initial economic situation, converging together towards developed structures and corresponding mainly to questions such as what they were their starting situation and how have those countries developed further. It will be further addressed what was the cause of this development and how it continued, showing which countries have led the way, and what factors did influence them the most.","PeriodicalId":30220,"journal":{"name":"Studia Commercialia Bratislavensia","volume":"9 1","pages":"26 - 35"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1515/stcb-2016-0003","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67309630","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Most of the countries of sub-Saharan Africa belong to the most underdeveloped and poorest countries in the world economy. This region consists of forty-nine countries but at world GDP, world export, world import and inflow of foreign direct investment share only by small percent. There are some positive facts in the recent history of sub- Saharan Africa. Sub-Saharan Africa has grown faster than the world economy in the past ten years. The predictions are also positive. There is an expectation of another growth till the 2020. If the sub-Saharan countries want to keep the growth in the future they have to invest to infrastructure, in educational system, in research and science to make their economies more competitive.
{"title":"The Position of Sub-Saharan Countries in the World Economy","authors":"B. Baumgartner","doi":"10.1515/stcb-2016-0001","DOIUrl":"https://doi.org/10.1515/stcb-2016-0001","url":null,"abstract":"Abstract Most of the countries of sub-Saharan Africa belong to the most underdeveloped and poorest countries in the world economy. This region consists of forty-nine countries but at world GDP, world export, world import and inflow of foreign direct investment share only by small percent. There are some positive facts in the recent history of sub- Saharan Africa. Sub-Saharan Africa has grown faster than the world economy in the past ten years. The predictions are also positive. There is an expectation of another growth till the 2020. If the sub-Saharan countries want to keep the growth in the future they have to invest to infrastructure, in educational system, in research and science to make their economies more competitive.","PeriodicalId":30220,"journal":{"name":"Studia Commercialia Bratislavensia","volume":"9 1","pages":"16 - 5"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67309677","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract In light of growing corporate influence in the business world and thus increasing further need to improve framework of corporate governance for shareholders’ protection, diversity is examined as a necessary factor to enhance monitoring and leadership functions of board of directors. This article analyses empirical studies with samples on various countries in order to examine effect of board composition and diversity on primary responsibilities of Board of Directors. Author is providing theoretical overview of diversity benefits and practical perspective of gender, qualifications, and background diversity in board performance. Our results show an added value of gender diversity to company performance in social and healthcare industries. Furthermore, author shows a rather negative effect of gender quotas. This study sheds a light on empirical researches and a need to include additional cultural factors called country readiness factors.
{"title":"Diversity in Board of Directors: Review of Diversity as a Factor to Enhance Board Performance","authors":"A. Pechersky","doi":"10.1515/stcb-2016-0009","DOIUrl":"https://doi.org/10.1515/stcb-2016-0009","url":null,"abstract":"Abstract In light of growing corporate influence in the business world and thus increasing further need to improve framework of corporate governance for shareholders’ protection, diversity is examined as a necessary factor to enhance monitoring and leadership functions of board of directors. This article analyses empirical studies with samples on various countries in order to examine effect of board composition and diversity on primary responsibilities of Board of Directors. Author is providing theoretical overview of diversity benefits and practical perspective of gender, qualifications, and background diversity in board performance. Our results show an added value of gender diversity to company performance in social and healthcare industries. Furthermore, author shows a rather negative effect of gender quotas. This study sheds a light on empirical researches and a need to include additional cultural factors called country readiness factors.","PeriodicalId":30220,"journal":{"name":"Studia Commercialia Bratislavensia","volume":"9 1","pages":"101 - 88"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1515/stcb-2016-0009","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67311199","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Recently we have witnessed declining confidence of citizens in public authorities in developed countries. The paper provides an insight into the tools of e-democracy as a critical component of a developed democracy. We claim that one of the possible reasons for the loss of confidence of the citizens is that the traditional mechanisms of democracy do not often comply with the decision of those who govern. Only the citizens who show interest by watching and following current events, and who know where to look for this information, get to the final output in the form of regulations, decrees, laws, etc. Publication of the outcomes of public administration and governance on their web sites enables to keep track of the news and at the same time, creates a space for the development of the active participation of citizens in the management of public affairs with a feedback.
{"title":"View of Electronic Participation and its Application in the Present Conditions of Democracy","authors":"V. Kollár, Jana Gasperová, Peter Poliak","doi":"10.1515/stcb-2016-0006","DOIUrl":"https://doi.org/10.1515/stcb-2016-0006","url":null,"abstract":"Abstract Recently we have witnessed declining confidence of citizens in public authorities in developed countries. The paper provides an insight into the tools of e-democracy as a critical component of a developed democracy. We claim that one of the possible reasons for the loss of confidence of the citizens is that the traditional mechanisms of democracy do not often comply with the decision of those who govern. Only the citizens who show interest by watching and following current events, and who know where to look for this information, get to the final output in the form of regulations, decrees, laws, etc. Publication of the outcomes of public administration and governance on their web sites enables to keep track of the news and at the same time, creates a space for the development of the active participation of citizens in the management of public affairs with a feedback.","PeriodicalId":30220,"journal":{"name":"Studia Commercialia Bratislavensia","volume":"9 1","pages":"58 - 64"},"PeriodicalIF":0.0,"publicationDate":"2016-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1515/stcb-2016-0006","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67310157","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Consulting companies in order to be successful and to provide services at high professional level inevitably need clear strategy. They must have an established vision, following up on strategy that forms their way of development. Continuously changing area, strong competition, growing demands by the clients for professionally provided services with additional value and new technology represent key features that evoke necessity of use of marketing at the activity of consulting companies. At consulting companies, the marketing system has its particulars that are typical for consulting companies. The mentioned particulars regard mainly marketing mixture and the position of consultant.
{"title":"Marketing as a Part of Strategic Management of Consulting Companies","authors":"E. Hanuláková, Ina Kováčová Bečková","doi":"10.1515/stcb-2016-0026","DOIUrl":"https://doi.org/10.1515/stcb-2016-0026","url":null,"abstract":"Abstract Consulting companies in order to be successful and to provide services at high professional level inevitably need clear strategy. They must have an established vision, following up on strategy that forms their way of development. Continuously changing area, strong competition, growing demands by the clients for professionally provided services with additional value and new technology represent key features that evoke necessity of use of marketing at the activity of consulting companies. At consulting companies, the marketing system has its particulars that are typical for consulting companies. The mentioned particulars regard mainly marketing mixture and the position of consultant.","PeriodicalId":30220,"journal":{"name":"Studia Commercialia Bratislavensia","volume":"9 1","pages":"266 - 277"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1515/stcb-2016-0026","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67311171","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The paper deals with the influence of a consumer´s inclusion in a socioeconomic class on the rate of optimism or pessimism in anticipating the future, with regard to the consumer behaviour, the attitudes towards finances, savings, working efforts and lifestyle. The data are based on a large-scale research carried out with a representative sample of the Czech population in the latter half of 2014. The regression statistical analysis was used for calculating and explaining the variables. The outcomes show that people are more optimistic in foreseeing their own future than the future of the Czech Republic. As for the consumer behaviour and financial attitudes, the differences between the classes are not prominent. There are, however, differences in such issues as the fear of poverty or finding suitable jobs.
{"title":"The Effect of Socioeconomic Classes on the Subjective Perception of Economic Situation","authors":"Radek Tahal, Zuzana Chytková, Marek Novinský","doi":"10.1515/stcb-2016-0010","DOIUrl":"https://doi.org/10.1515/stcb-2016-0010","url":null,"abstract":"Abstract The paper deals with the influence of a consumer´s inclusion in a socioeconomic class on the rate of optimism or pessimism in anticipating the future, with regard to the consumer behaviour, the attitudes towards finances, savings, working efforts and lifestyle. The data are based on a large-scale research carried out with a representative sample of the Czech population in the latter half of 2014. The regression statistical analysis was used for calculating and explaining the variables. The outcomes show that people are more optimistic in foreseeing their own future than the future of the Czech Republic. As for the consumer behaviour and financial attitudes, the differences between the classes are not prominent. There are, however, differences in such issues as the fear of poverty or finding suitable jobs.","PeriodicalId":30220,"journal":{"name":"Studia Commercialia Bratislavensia","volume":"9 1","pages":"102 - 112"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67310992","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Transport is one of key factors of the development of each modern society. It is one of the most important areas that governments all around the world should address when developing national policy. The objective of the article is to define the importance of Trans-European Network - Transport (TEN-T) corridors in the development of infrastructure connections between groups of countries known as Visegrad group. TEN-T core network represents a trans-European transport system and includes the priority area of transport infrastructure. Individual Member States are obliged to complete the TEN-T core on its territory not later than 31.12.2030. The Visegrad group countries as neighbourhood countries presents perspective platform for cooperation in infrastructure development.
{"title":"Importance of TEN-T Corridors in the Development of Infrastructure Example of Visegrad Group Countries","authors":"Lucia Khúlová, Lenka Šprochová","doi":"10.1515/stcb-2016-0005","DOIUrl":"https://doi.org/10.1515/stcb-2016-0005","url":null,"abstract":"Abstract Transport is one of key factors of the development of each modern society. It is one of the most important areas that governments all around the world should address when developing national policy. The objective of the article is to define the importance of Trans-European Network - Transport (TEN-T) corridors in the development of infrastructure connections between groups of countries known as Visegrad group. TEN-T core network represents a trans-European transport system and includes the priority area of transport infrastructure. Individual Member States are obliged to complete the TEN-T core on its territory not later than 31.12.2030. The Visegrad group countries as neighbourhood countries presents perspective platform for cooperation in infrastructure development.","PeriodicalId":30220,"journal":{"name":"Studia Commercialia Bratislavensia","volume":"9 1","pages":"49 - 57"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1515/stcb-2016-0005","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67309951","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract In the world of rapid technological evolution and economy of digitalization, consumers are continuously changing. Tourists are among the first. Their behaviour, media consumption, engagement level and expectations must influence on transformation of applied communication tools. In recent decades, the pace of change became faster. Media consumption has shifted to Internet, Mobile and innovative mediums. The paper proposes modern forms of communication tools on different stages of making-decision process and describes role of each to build marketing communications of tourism industry actors in a more effective way.
{"title":"Building Effective Marketing Communications in Tourism","authors":"Liudmila Gorlevskaya","doi":"10.1515/stcb-2016-0025","DOIUrl":"https://doi.org/10.1515/stcb-2016-0025","url":null,"abstract":"Abstract In the world of rapid technological evolution and economy of digitalization, consumers are continuously changing. Tourists are among the first. Their behaviour, media consumption, engagement level and expectations must influence on transformation of applied communication tools. In recent decades, the pace of change became faster. Media consumption has shifted to Internet, Mobile and innovative mediums. The paper proposes modern forms of communication tools on different stages of making-decision process and describes role of each to build marketing communications of tourism industry actors in a more effective way.","PeriodicalId":30220,"journal":{"name":"Studia Commercialia Bratislavensia","volume":"9 1","pages":"252 - 265"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1515/stcb-2016-0025","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67311300","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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