This study examines the effects of various dimensions of transformational (i.e., charismatic leadership, intellectual stimulation, inspirational motivation, individual consideration) and transactional (i.e., contingent reward, and active management by exception) leadership on employee engagement during the COVID-19 pandemic. Additionally, this study explored moderating effects of generational differences (including Generation Z, Generation Y, Generation X) on the relationships between leadership and employee engagement. Based on a sample of 546 employees of three different generations, the findings of the multiple regression analysis showed mixed findngs. Implications and future directions for this study were discussed.
本研究探讨了在 COVID-19 大流行期间，变革型领导力（即魅力型领导力、智力激励、鼓舞激励、个人考量）和交易型领导力（即或有报酬、积极的例外管理）的不同维度对员工敬业度的影响。此外，本研究还探讨了代际差异（包括 Z 世代、Y 世代和 X 世代）对领导力与员工敬业度之间关系的调节作用。基于三个不同世代的 546 名员工样本，多元回归分析的结果显示了不同的结论。讨论了这项研究的意义和未来方向。
{"title":"Examining the Relationships Between Transformational and Transactional Leadership and Employee Engagement During the Covid-19 Pandemic: The Moderating Effect of Employee Generations","authors":"C. Christopher Lee, Hyoun Sook Lim","doi":"10.2478/sbe-2024-0007","DOIUrl":"https://doi.org/10.2478/sbe-2024-0007","url":null,"abstract":"This study examines the effects of various dimensions of transformational (i.e., charismatic leadership, intellectual stimulation, inspirational motivation, individual consideration) and transactional (i.e., contingent reward, and active management by exception) leadership on employee engagement during the COVID-19 pandemic. Additionally, this study explored moderating effects of generational differences (including Generation Z, Generation Y, Generation X) on the relationships between leadership and employee engagement. Based on a sample of 546 employees of three different generations, the findings of the multiple regression analysis showed mixed findngs. Implications and future directions for this study were discussed.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150466","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}
Global challenges such as climate change, the Covid-19 pandemic, and geopolitical instability have driven organizations to embed sustainability into their strategies and operations, moving away from the profit-driven mindset to a broader emphasis on societal value. Sustainability, today a widespread concept in academia and business, requires balancing social, environmental, and economic responsibilities to achieve long-term success. Embracing the Triple Bottom Line (TBL) model, organizations aim for profit while also positively impacting society and the environment. However, there is a prevailing tendency to emphasize rights over responsibilities, a pattern that needs to shift in order to promote sustainability. This paper contributes to the body of knowledge on corporate sustainability by exploring its relationship with social responsibility. A bibliometric analysis was conducted on a sample of 9,378 documents processed using VOSviewer. The study examines the interplay between sustainability, social responsibility, and corporate sustainability, mapping out key concepts and visualizing their networks. Furthermore, the links to other key themes such as performance, management, innovation, strategy, governance, supply chain management, leadership, stakeholders, and others were also explored. Social-responsibility disclosure was also found to be an emergent topic in terms of organizational accountability and transparency.
{"title":"The Convergence of Corporate Sustainability and Social Responsibility in Modern Business Contexts: A Bibliometric Analysis","authors":"Andra-Teodora Gorski, Dănuț Dumitru Dumitraşcu","doi":"10.2478/sbe-2024-0004","DOIUrl":"https://doi.org/10.2478/sbe-2024-0004","url":null,"abstract":"Global challenges such as climate change, the Covid-19 pandemic, and geopolitical instability have driven organizations to embed sustainability into their strategies and operations, moving away from the profit-driven mindset to a broader emphasis on societal value. Sustainability, today a widespread concept in academia and business, requires balancing social, environmental, and economic responsibilities to achieve long-term success. Embracing the Triple Bottom Line (TBL) model, organizations aim for profit while also positively impacting society and the environment. However, there is a prevailing tendency to emphasize rights over responsibilities, a pattern that needs to shift in order to promote sustainability. This paper contributes to the body of knowledge on corporate sustainability by exploring its relationship with social responsibility. A bibliometric analysis was conducted on a sample of 9,378 documents processed using VOSviewer. The study examines the interplay between sustainability, social responsibility, and corporate sustainability, mapping out key concepts and visualizing their networks. Furthermore, the links to other key themes such as performance, management, innovation, strategy, governance, supply chain management, leadership, stakeholders, and others were also explored. Social-responsibility disclosure was also found to be an emergent topic in terms of organizational accountability and transparency.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150473","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}
Mihai Țichindelean, Claudia Ogrean, Mihaela Herciu
The purpose of the current paper is to study how customer loyalty varies in time according to customer segments and external factors. In the first part of the paper, the authors have reviewed in a funnel-like manner the relevant literature, starting with relationship marketing and customer relationship management theories, and ending with customer loyalty. To achieve the paper’s research purpose, buying behavior data (recency of last transaction, buying frequency and monetary value spent) from a company’s internal information system was analyzed for 2019 and 2020, respectively. RFM model was applied on the 2019 data and resulted in three segments: heavy, medium, and low users - segments which varied in their loyalty for the year 2020. Based on the obtained findings, the authors concluded that the more intense a customer’s buying behavior is, the higher their probability is of being loyal in the future. A second conclusion assumes that customers characterized by intense buying behavior are less vulnerable to external threats, the Covid-19 pandemic in our case.
{"title":"Do Loyal Customers Buy Differently? Examining Customers’ Loyalty in a Self-Service Setting","authors":"Mihai Țichindelean, Claudia Ogrean, Mihaela Herciu","doi":"10.2478/sbe-2024-0019","DOIUrl":"https://doi.org/10.2478/sbe-2024-0019","url":null,"abstract":"The purpose of the current paper is to study how customer loyalty varies in time according to customer segments and external factors. In the first part of the paper, the authors have reviewed in a funnel-like manner the relevant literature, starting with relationship marketing and customer relationship management theories, and ending with customer loyalty. To achieve the paper’s research purpose, buying behavior data (recency of last transaction, buying frequency and monetary value spent) from a company’s internal information system was analyzed for 2019 and 2020, respectively. RFM model was applied on the 2019 data and resulted in three segments: heavy, medium, and low users - segments which varied in their loyalty for the year 2020. Based on the obtained findings, the authors concluded that the more intense a customer’s buying behavior is, the higher their probability is of being loyal in the future. A second conclusion assumes that customers characterized by intense buying behavior are less vulnerable to external threats, the Covid-19 pandemic in our case.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150612","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}
Recently, researchers worldwide have shown a significant interest in bibliometric analysis, and it has proved to be a useful and valuable tool for aggregating data on our research. Our paper aims to explore bibliometric analysis in the framework of two critical aspects of organizational management and decision-making: corporate governance and leadership. To achieve this objective, 930 articles from Elsevier’s Scopus were analyzed, utilizing VOSviewer as a bibliometric tool. Furthermore, our research not only sheds light on the current state of scholarship in these fields, but also serves as a basis for future studies aiming to deepen our understanding of how corporate governance and leadership intersect and influence organizational success and sustainability.
{"title":"Clustering Corporate Governance and Leadership. A Bibliometric Analysis","authors":"Carolina Țîmbalari, Aida Lavinia Neagoe Barbu, Mihai-Gabriel Cristian","doi":"10.2478/sbe-2024-0014","DOIUrl":"https://doi.org/10.2478/sbe-2024-0014","url":null,"abstract":"Recently, researchers worldwide have shown a significant interest in bibliometric analysis, and it has proved to be a useful and valuable tool for aggregating data on our research. Our paper aims to explore bibliometric analysis in the framework of two critical aspects of organizational management and decision-making: corporate governance and leadership. To achieve this objective, 930 articles from Elsevier’s Scopus were analyzed, utilizing VOSviewer as a bibliometric tool. Furthermore, our research not only sheds light on the current state of scholarship in these fields, but also serves as a basis for future studies aiming to deepen our understanding of how corporate governance and leadership intersect and influence organizational success and sustainability.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150500","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}
This paper investigates the sensitivities of Singapore’s sectoral industrial production to local and global business cycle variations using the auto-regressive distributed lag (ARDL) model in the nonlinear and asymmetric cointegration framework. By employing monthly time series data from Jan 1983 to Dec 2022 the study corroborates the commonly held view that durable industries are pro-cyclic to thelocal business cycle. However, the nature of cyclic sensitivity is different if viewed from a global perspective. Industries including pharmaceutical, computer, and motor vehicles industries flourish in both the local and global business cycle booms. Almost all industries having long-run linkages with global industrial production are also affected by global production growth in the short run. However, consistent with earlier studies for Southeast Asian countries, very few industries exhibit short-run asymmetries in their relationship with local and global business cycles. We found that incorporating long-run information also improves the forecasting ability of sectoral industrial production growth in Singapore.
{"title":"Asymmetric Effects of Local and Global Business Cycle Variations on the Sectoral Industrial Production in Singapore","authors":"Javed Iqbal","doi":"10.2478/sbe-2024-0005","DOIUrl":"https://doi.org/10.2478/sbe-2024-0005","url":null,"abstract":"This paper investigates the sensitivities of Singapore’s sectoral industrial production to local and global business cycle variations using the auto-regressive distributed lag (ARDL) model in the nonlinear and asymmetric cointegration framework. By employing monthly time series data from Jan 1983 to Dec 2022 the study corroborates the commonly held view that durable industries are pro-cyclic to thelocal business cycle. However, the nature of cyclic sensitivity is different if viewed from a global perspective. Industries including pharmaceutical, computer, and motor vehicles industries flourish in both the local and global business cycle booms. Almost all industries having long-run linkages with global industrial production are also affected by global production growth in the short run. However, consistent with earlier studies for Southeast Asian countries, very few industries exhibit short-run asymmetries in their relationship with local and global business cycles. We found that incorporating long-run information also improves the forecasting ability of sectoral industrial production growth in Singapore.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150574","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}
With the expansion and omnipresence of digital technologies in most aspects of human life, organizations have felt the need to implement changes. Thus, digital transformation has become imperative, with organizations having to adapt to the new standards imposed by a digitalized world. This paper analyses the digital transformation in Romanian SMEs using a methodology based on quantitative analysis of data collected through a questionnaire. The aim is to understand how these companies’ approach and implement digital transformation, as well as the impact of this process on management strategies and business models. The analysis of the quantitative research results will focus on the demographic profile of the companies, the stage of the digital transformation process, the impact on business performance, investments in digital transformation and predictive models. This work makes a significant contribution to understanding and promoting digital transformation among SMEs, providing a specific and relevant insight into the Romanian SME context.
{"title":"Digital Transformation: A quantitative analysis of Romanian SMEs","authors":"Cantemir Mihu, Mihaela Herciu","doi":"10.2478/sbe-2024-0008","DOIUrl":"https://doi.org/10.2478/sbe-2024-0008","url":null,"abstract":"With the expansion and omnipresence of digital technologies in most aspects of human life, organizations have felt the need to implement changes. Thus, digital transformation has become imperative, with organizations having to adapt to the new standards imposed by a digitalized world. This paper analyses the digital transformation in Romanian SMEs using a methodology based on quantitative analysis of data collected through a questionnaire. The aim is to understand how these companies’ approach and implement digital transformation, as well as the impact of this process on management strategies and business models. The analysis of the quantitative research results will focus on the demographic profile of the companies, the stage of the digital transformation process, the impact on business performance, investments in digital transformation and predictive models. This work makes a significant contribution to understanding and promoting digital transformation among SMEs, providing a specific and relevant insight into the Romanian SME context.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150573","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}
International outsourcing affects firms’ decisions in various ways. We develop a model to analyze the entry mode behavior of a foreign firm on entering a domestic market when international outsourcing takes place. Being vertically integrated, the foreign firm can either produce in-house input or (partially) outsource it from an outside input supplier. Such practices can be widely observed in real life, in which a firm may outsource some input despite being able to produce the input by itself for various strategic advantages. Depending on its strategy of obtaining input, we consider two entry modes, export and FDI, and derive conditions under which the foreign firm chooses one entry mode over the other. Among the findings, we present a case in which an increase in tariff may raise the likelihood of the foreign firm choosing export. The reason is that the tariff raises the input price and, hence, the rival’s marginal cost. Therefore, such a case prevails when the tariff is high enough to weaken the domestic firm but not too high that it harms the foreign firm. We feature several other interesting cases highlighting the roles of entry costs and in-house input production costs.
{"title":"Entry Mode in the Presence of International Outsourcing","authors":"Doriani Lingga, Damiana Simanjuntak","doi":"10.2478/sbe-2024-0017","DOIUrl":"https://doi.org/10.2478/sbe-2024-0017","url":null,"abstract":"International outsourcing affects firms’ decisions in various ways. We develop a model to analyze the entry mode behavior of a foreign firm on entering a domestic market when international outsourcing takes place. Being vertically integrated, the foreign firm can either produce in-house input or (partially) outsource it from an outside input supplier. Such practices can be widely observed in real life, in which a firm may outsource some input despite being able to produce the input by itself for various strategic advantages. Depending on its strategy of obtaining input, we consider two entry modes, export and FDI, and derive conditions under which the foreign firm chooses one entry mode over the other. Among the findings, we present a case in which an increase in tariff may raise the likelihood of the foreign firm choosing export. The reason is that the tariff raises the input price and, hence, the rival’s marginal cost. Therefore, such a case prevails when the tariff is high enough to weaken the domestic firm but not too high that it harms the foreign firm. We feature several other interesting cases highlighting the roles of entry costs and in-house input production costs.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150472","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}
Data and debates about the role of women in the digital world are gaining increasing importance in the study of gender and the digital economy. This paper explores the complex relationship of the role of women in the digital economy over the last two decades. The analysis used a review of the literature of scientific works and documents of official international institutions. All available sources indicate progress in recent years, but challenges remain. Several samples were created, and quantitative analysis assessed trends over time. The general conclusions suggest that the role of women in the digital economy is increasingly pronounced and significant. The results of the study confirm global expectations that promote the role of women in the digital economy (glass ceilings), where women work in key positions (women on boards) and participate in decision-making (glass cliffs). The regression econometric model shows that the role of women in the digital economy is increasingly important to recognize women who use Internet networks to a greater extent (business, social), those with above basic overall digital skills, as well as ICT experts. The paper ends with a list of potential recommendations for the modern framework of the digital economy.
{"title":"Are Women Recognized in the Digital Economy? Experiences of Developed Economies","authors":"Vladimir Ristanović, Marko Šostar, Mario Hak","doi":"10.2478/sbe-2024-0011","DOIUrl":"https://doi.org/10.2478/sbe-2024-0011","url":null,"abstract":"Data and debates about the role of women in the digital world are gaining increasing importance in the study of gender and the digital economy. This paper explores the complex relationship of the role of women in the digital economy over the last two decades. The analysis used a review of the literature of scientific works and documents of official international institutions. All available sources indicate progress in recent years, but challenges remain. Several samples were created, and quantitative analysis assessed trends over time. The general conclusions suggest that the role of women in the digital economy is increasingly pronounced and significant. The results of the study confirm global expectations that promote the role of women in the digital economy (glass ceilings), where women work in key positions (women on boards) and participate in decision-making (glass cliffs). The regression econometric model shows that the role of women in the digital economy is increasingly important to recognize women who use Internet networks to a greater extent (business, social), those with above basic overall digital skills, as well as ICT experts. The paper ends with a list of potential recommendations for the modern framework of the digital economy.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150606","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}
This work analyzes the implementation of green human resources in a package printing company. It specifically examines the effect of green human resources on employees’ eco-friendly behavior, employees’ organizational commitment, and corporate environmental performance. The study object was a package printing company’s performance in promoting green business. This exploratory quantitative study involved 510 employees as the respondents. They have worked in the company for at least three years, graduated from senior high school, and were minimum at staff-level. Data were collected by distributing questionnaires through Google Form and analyzed using PLS-SEM. The study result showed that eco-friendly behavior positively affects employees’ organizational commitment and corporate environmental performance. Employees’ ecofriendly behavior positively affects the corporate environmental performance. Meanwhile, employees’ organizational commitment positively affects the employees’ eco-friendly behavior. Green human resources did not affect the employees’ eco-friendly behavior. This study concludes that green human resources could be achieved by enhancing employees’ organizational commitment. This commitment is proven to stimulate employees’ eco-friendly behavior, which supports the corporate’s environmental performance together with the green human resource. The company needs to set regulations or policies to improve the role of green HR in managing eco-friendly behaviors.
{"title":"The Roles of Green Human Resources on Employees Eco-Friendly Behavior, Organizational Commitment, and Corporate’s Environmental Performance","authors":"Ahmad Azmy","doi":"10.2478/sbe-2024-0002","DOIUrl":"https://doi.org/10.2478/sbe-2024-0002","url":null,"abstract":"This work analyzes the implementation of green human resources in a package printing company. It specifically examines the effect of green human resources on employees’ eco-friendly behavior, employees’ organizational commitment, and corporate environmental performance. The study object was a package printing company’s performance in promoting green business. This exploratory quantitative study involved 510 employees as the respondents. They have worked in the company for at least three years, graduated from senior high school, and were minimum at staff-level. Data were collected by distributing questionnaires through Google Form and analyzed using PLS-SEM. The study result showed that eco-friendly behavior positively affects employees’ organizational commitment and corporate environmental performance. Employees’ ecofriendly behavior positively affects the corporate environmental performance. Meanwhile, employees’ organizational commitment positively affects the employees’ eco-friendly behavior. Green human resources did not affect the employees’ eco-friendly behavior. This study concludes that green human resources could be achieved by enhancing employees’ organizational commitment. This commitment is proven to stimulate employees’ eco-friendly behavior, which supports the corporate’s environmental performance together with the green human resource. The company needs to set regulations or policies to improve the role of green HR in managing eco-friendly behaviors.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150608","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}
Ibrahim Niftiyev, Delia David, Marioara Iordan, Petru Horga
This study evaluates the economic performance of plastics manufacturers in European regions (e.g., Western, Southern, Central and Eastern Europe, and the Baltic States) between 2017 and 2020 based on data from 3,372 companies using multivariate correspondence analysis (MCA) and Welch’s test. They were analyzed according to the indicators of profitability, sales (or turnover), employment, and total assets. The results of MCA show that Central and Eastern European companies are absolute leaders in terms of profitability. While Southern European companies have the highest total assets, their sales and profitability are lower compared to other regions. We found that Western European companies lead in terms of turnover and that the Baltic region is roughly on par with Central and Eastern European countries in terms of profitability and employment. These differences were also tested using the pairwise Welch’s test, which revealed highly statistically significant differences, especially in turnover and total assets. The results also show that profitability levels are similar regardless of company size, while sales and total assets are significantly different across European regions. These findings on plastics manufacturers in different European regions are crucial to help policymakers and industry leaders make informed decisions to address economic performance, investment and environmental concerns, and to develop sustainable solutions for the plastics industry.
{"title":"A Multivariate Performance Analysis of the Plastics Manufacturers: Comparative Analysis of European Regions","authors":"Ibrahim Niftiyev, Delia David, Marioara Iordan, Petru Horga","doi":"10.2478/sbe-2024-0009","DOIUrl":"https://doi.org/10.2478/sbe-2024-0009","url":null,"abstract":"This study evaluates the economic performance of plastics manufacturers in European regions (e.g., Western, Southern, Central and Eastern Europe, and the Baltic States) between 2017 and 2020 based on data from 3,372 companies using multivariate correspondence analysis (MCA) and Welch’s test. They were analyzed according to the indicators of profitability, sales (or turnover), employment, and total assets. The results of MCA show that Central and Eastern European companies are absolute leaders in terms of profitability. While Southern European companies have the highest total assets, their sales and profitability are lower compared to other regions. We found that Western European companies lead in terms of turnover and that the Baltic region is roughly on par with Central and Eastern European countries in terms of profitability and employment. These differences were also tested using the pairwise Welch’s test, which revealed highly statistically significant differences, especially in turnover and total assets. The results also show that profitability levels are similar regardless of company size, while sales and total assets are significantly different across European regions. These findings on plastics manufacturers in different European regions are crucial to help policymakers and industry leaders make informed decisions to address economic performance, investment and environmental concerns, and to develop sustainable solutions for the plastics industry.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150471","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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