Dana Bernardová, Klára Kašparová, Martin Fink, K. Ivanova, Tetiana Arkhangelska
Abstract Background and Purpose: Regular reporting on Corporate Social Responsibility (hereinafter referred to as CSR) should make it easier for enterprises to identify the sustainability risks and lead to an increased investors and consumers’ confidence. The aim of the paper is to find out how the indices which evaluate the socially responsible behaviour of enterprises are constructed. Design/Methodology/Approach: The scoping review is the method used in this study. The scoping question is: What do we know about the construction of indices evaluating the socially responsible behaviour of organisations from the existing expert resources? Results: The analysis of 20 papers shows that there is no consensus about the method of determining the weights and constructing the index. There are 4 approaches to the aggregated index construction. The first one uses the percentage of filling the specific criteria or the average of values of specific dimensions of the index. The second one uses the multi-criteria decision-making methods (most often the Analytical hierarchical process method). The third one uses unconventional linguistic models and fuzzy logic and finally, the fourth one uses the factor analysis or the method of the main components. Conclusion: The main feature of CSR indices lies in their methodological disunity. It complicates the understanding of the CSR outputs and essentially makes it impossible to create a CSR performance ranking, especially for small and medium-sized enterprises (hereinafter referred to as SMEs).
背景与目的:定期报告企业社会责任(Corporate Social Responsibility，以下简称CSR)应有助于企业识别可持续性风险，增强投资者和消费者的信心。本文旨在探讨如何构建企业社会责任行为的评价指标。设计/方法/方法:范围审查是本研究中使用的方法。范围界定的问题是:从现有的专家资源中，我们对评估组织社会责任行为的指数的构建了解多少?结果:对20篇文献的分析表明，对权重的确定和指标的构建方法尚无共识。有4种构建聚合索引的方法。第一个使用填充特定条件的百分比或索引的特定维度值的平均值。第二种方法使用多准则决策方法(最常用的是分析层次过程方法)。第三章运用了非常规语言模型和模糊逻辑，第四章运用了因子分析法或主成分分析法。结论:CSR指标的主要特点是方法不统一。这使得对企业社会责任产出的理解变得复杂，从本质上说，这使得企业社会责任绩效排名无法建立，特别是对于中小型企业(以下简称中小企业)。
{"title":"Construction and Significance of Corporate Social Responsibility Indices – from Results to the Essence","authors":"Dana Bernardová, Klára Kašparová, Martin Fink, K. Ivanova, Tetiana Arkhangelska","doi":"10.2478/orga-2020-0014","DOIUrl":"https://doi.org/10.2478/orga-2020-0014","url":null,"abstract":"Abstract Background and Purpose: Regular reporting on Corporate Social Responsibility (hereinafter referred to as CSR) should make it easier for enterprises to identify the sustainability risks and lead to an increased investors and consumers’ confidence. The aim of the paper is to find out how the indices which evaluate the socially responsible behaviour of enterprises are constructed. Design/Methodology/Approach: The scoping review is the method used in this study. The scoping question is: What do we know about the construction of indices evaluating the socially responsible behaviour of organisations from the existing expert resources? Results: The analysis of 20 papers shows that there is no consensus about the method of determining the weights and constructing the index. There are 4 approaches to the aggregated index construction. The first one uses the percentage of filling the specific criteria or the average of values of specific dimensions of the index. The second one uses the multi-criteria decision-making methods (most often the Analytical hierarchical process method). The third one uses unconventional linguistic models and fuzzy logic and finally, the fourth one uses the factor analysis or the method of the main components. Conclusion: The main feature of CSR indices lies in their methodological disunity. It complicates the understanding of the CSR outputs and essentially makes it impossible to create a CSR performance ranking, especially for small and medium-sized enterprises (hereinafter referred to as SMEs).","PeriodicalId":44901,"journal":{"name":"Organizacija","volume":"53 1","pages":"212 - 226"},"PeriodicalIF":1.9,"publicationDate":"2020-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44790538","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 Background and purpose: The demographic structure of the countryside shows that the number of people aged 65 or more is increasing; however, they are still active and motivated for work and help the younger generation. The research aims at studying the influence of the elderly on the organisation of tourist farms; particularly the factors which affect the organisation of operation and modernisation thereof, such as the factors of inheritance, intergenerational organisational relationships and cooperation, the frequency of further training, inclusion of the elderly in tourist farms and the effect of the perceived changes in the organisation of subsidiary tourist activities on farms on the perception of modernisation. Methodology: A critical review of secondary literature sources has been made and the findings were summarised by applying the synthesis method. Further on, a survey was conducted on tourist farms in all Slovenian cohesion regions in order to collect the data which was then analysed by multiple regression method, applying IBM SPSS software. Results: Inheritance factors do not affect the perception of the modernisation of tourist farms in a statistically significant way; the same applies for intergenerational relationships for people, aged 51 or more while the influence was established for people under 51. Furthermore, the inclusion of the elderly does not have any influence neither does the frequency of further training while education and trainings themselves are important. It has been found out that the expansion of the offer, followed by the division of work, is the most significant for the perception of modernisation. Conclusion: Survey results show good relationships among the social actors and possible solutions which can be implemented in order to help the population of the Slovenian countryside concerned.
{"title":"The Influence by the Elderly on Modernising the Organisation of Tourist Farms","authors":"J. Zalar, Goran Vukovic, R. Ovsenik","doi":"10.2478/orga-2020-0017","DOIUrl":"https://doi.org/10.2478/orga-2020-0017","url":null,"abstract":"Abstract Background and purpose: The demographic structure of the countryside shows that the number of people aged 65 or more is increasing; however, they are still active and motivated for work and help the younger generation. The research aims at studying the influence of the elderly on the organisation of tourist farms; particularly the factors which affect the organisation of operation and modernisation thereof, such as the factors of inheritance, intergenerational organisational relationships and cooperation, the frequency of further training, inclusion of the elderly in tourist farms and the effect of the perceived changes in the organisation of subsidiary tourist activities on farms on the perception of modernisation. Methodology: A critical review of secondary literature sources has been made and the findings were summarised by applying the synthesis method. Further on, a survey was conducted on tourist farms in all Slovenian cohesion regions in order to collect the data which was then analysed by multiple regression method, applying IBM SPSS software. Results: Inheritance factors do not affect the perception of the modernisation of tourist farms in a statistically significant way; the same applies for intergenerational relationships for people, aged 51 or more while the influence was established for people under 51. Furthermore, the inclusion of the elderly does not have any influence neither does the frequency of further training while education and trainings themselves are important. It has been found out that the expansion of the offer, followed by the division of work, is the most significant for the perception of modernisation. Conclusion: Survey results show good relationships among the social actors and possible solutions which can be implemented in order to help the population of the Slovenian countryside concerned.","PeriodicalId":44901,"journal":{"name":"Organizacija","volume":"53 1","pages":"260 - 268"},"PeriodicalIF":1.9,"publicationDate":"2020-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46338523","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 Background and Purpose: The research paper identifies practices and tools to support corporate sustainability concept that can lead to increased business competitiveness in a dynamically developing business world. The purpose of the paper is to provide insight into the practices and tools of corporate sustainability applied by the Slovak industrial enterprises and which barriers do exist. Moreover, the aim is also to identify factors influencing the application of tools such as company ownership, importance of sustainability concept, and company vision. Design/Methodology/Approach: In order to obtain the necessary data an online questionnaire was used. The sample of enterprises was selected on the basis of the enterprise size and the industry focus (n = 336). The following statistical methods were used 1) one-way ANOVA, 2) the Kruskal-Wallis test, and 3) the Wilcoxon rank-sum test. Results: This paper revealed some key insights: 1) foreign-owned enterprises are better at application of sustainability practices and tools, 2) still quite a few enterprises attribute the importance to the concept, 3) the existence of barriers, particularly in the form of a lack of financial resources, 4) one of the key drivers of sustainability is enterprise vision. Conclusion: The paper created and analyzed quite a comprehensive list of practices and tools suitable for enterprises in Slovakia. There was an effort to find out point at the ways how enterprises contribute to sustainable development. It was also found out that they attach importance to vision as a major trigger for the application of the tools.
{"title":"Development of Corporate Sustainability in Enterprises through the Application of Selected Practices and Tools","authors":"P. Lesníková, J. Schmidtová","doi":"10.2478/orga-2020-0008","DOIUrl":"https://doi.org/10.2478/orga-2020-0008","url":null,"abstract":"Abstract Background and Purpose: The research paper identifies practices and tools to support corporate sustainability concept that can lead to increased business competitiveness in a dynamically developing business world. The purpose of the paper is to provide insight into the practices and tools of corporate sustainability applied by the Slovak industrial enterprises and which barriers do exist. Moreover, the aim is also to identify factors influencing the application of tools such as company ownership, importance of sustainability concept, and company vision. Design/Methodology/Approach: In order to obtain the necessary data an online questionnaire was used. The sample of enterprises was selected on the basis of the enterprise size and the industry focus (n = 336). The following statistical methods were used 1) one-way ANOVA, 2) the Kruskal-Wallis test, and 3) the Wilcoxon rank-sum test. Results: This paper revealed some key insights: 1) foreign-owned enterprises are better at application of sustainability practices and tools, 2) still quite a few enterprises attribute the importance to the concept, 3) the existence of barriers, particularly in the form of a lack of financial resources, 4) one of the key drivers of sustainability is enterprise vision. Conclusion: The paper created and analyzed quite a comprehensive list of practices and tools suitable for enterprises in Slovakia. There was an effort to find out point at the ways how enterprises contribute to sustainable development. It was also found out that they attach importance to vision as a major trigger for the application of the tools.","PeriodicalId":44901,"journal":{"name":"Organizacija","volume":"53 1","pages":"112 - 126"},"PeriodicalIF":1.9,"publicationDate":"2020-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43038501","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 Background and Purpose: Data mining techniques are intensely used in various industries for the purpose of fraud prevention and detection. Research that focuses on the leasing industry is scarce, although frauds in the field of leasing occur rather often. First, we identify clusters of business clients in one leasing company by using the method of self-organising maps based on leasing contract attributes. Second, we compare clusters based on the presence of fraudulent clients, in order to develop fraudsters’ profiles. Methodology: For detecting characteristics of fraudulent clients, we use a client database containing leasing contract attributes of one Croatian leasing company. In order to develop profiles of fraudulent clients, we utilise a clustering procedure with the Kohonen Self-Organizing Maps supported by Viscovery SOMine software. Results: Five clusters were identified and labelled according to the modal values of attributes describing the leasing object and the industry in which the client operates: (i) New cars / Trade; (ii) Used trucks or tugboats / Other services; (iii) New machinery / Construction; (iv) New motors / Trade; and (v) New machinery and tractors / Agriculture. Conclusion: Self-organising maps have proved to be a useful methodology for developing profiles of fraudulent clients in leasing companies. Companies can use our results and make additional efforts in monitoring clients from the identified industries, buying specific leasing objects. In addition, companies can apply our methodology to their own databases, in order to develop fraudster profiles for their specific purposes, and implement fraud alert mechanisms in their client database.
{"title":"Fraud Prevention in the Leasing Industry Using the Kohonen Self-Organising Maps","authors":"M. P. Bach, Nikola Vlahovic, Jasmina Pivar","doi":"10.2478/orga-2020-0009","DOIUrl":"https://doi.org/10.2478/orga-2020-0009","url":null,"abstract":"Abstract Background and Purpose: Data mining techniques are intensely used in various industries for the purpose of fraud prevention and detection. Research that focuses on the leasing industry is scarce, although frauds in the field of leasing occur rather often. First, we identify clusters of business clients in one leasing company by using the method of self-organising maps based on leasing contract attributes. Second, we compare clusters based on the presence of fraudulent clients, in order to develop fraudsters’ profiles. Methodology: For detecting characteristics of fraudulent clients, we use a client database containing leasing contract attributes of one Croatian leasing company. In order to develop profiles of fraudulent clients, we utilise a clustering procedure with the Kohonen Self-Organizing Maps supported by Viscovery SOMine software. Results: Five clusters were identified and labelled according to the modal values of attributes describing the leasing object and the industry in which the client operates: (i) New cars / Trade; (ii) Used trucks or tugboats / Other services; (iii) New machinery / Construction; (iv) New motors / Trade; and (v) New machinery and tractors / Agriculture. Conclusion: Self-organising maps have proved to be a useful methodology for developing profiles of fraudulent clients in leasing companies. Companies can use our results and make additional efforts in monitoring clients from the identified industries, buying specific leasing objects. In addition, companies can apply our methodology to their own databases, in order to develop fraudster profiles for their specific purposes, and implement fraud alert mechanisms in their client database.","PeriodicalId":44901,"journal":{"name":"Organizacija","volume":"53 1","pages":"128 - 145"},"PeriodicalIF":1.9,"publicationDate":"2020-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48102162","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 Background and Purpose: Many organizations suffer from an increased in the paradoxical behaviours of leaders, leading to followers to feel lonely and the workplace ostracism, which negatively effects the emergence of organizational inertia. The main purpose of this study is to examine direct and indirect effect of paradoxical leader behaviours on organizational inertia through the mediating role of the workplace ostracism. Design/Methodology/Approach: Using the convenience sampling technique, a self-administered survey was conducted at the level of a sample (n = 564) of employees in the factories of the State Company for Textile and Leather Industry in Iraq. Structural equation modelling (SEM) was employed to test the proposed research model using the AMOS v.24 software. Results: The findings revealed that paradoxical leader behaviours have a significant effect on workplace ostracism and organizational inertia. Further, workplace ostracism significant effect on organizational inertia. In addition, the study empirically supports the mediating effect of workplace ostracism on the relationship between paradoxical leader behaviours and organizational inertia. Conclusion: When paradoxical behaviours arise in the behaviour of an organization’s leaders, it will have an influence on the emergence of workplace ostracism amongst employees, hence the subsequent emergence of organizational inertia in general in the work environment. Based on these results, this study should be of help to leaders in avoiding paradoxical behaviours in terms of maintaining a certain equilibrium in dealing with employees to find a positive work environment that reduces staff ostracism, and thus organizational inertia.
{"title":"Workplace Ostracism as a Mediating Variable in the Relationship between Paradoxical Leader Behaviours and Organizational Inertia","authors":"Hussein Hurajah Al Hasnawi, A. Abbas","doi":"10.2478/orga-2020-0011","DOIUrl":"https://doi.org/10.2478/orga-2020-0011","url":null,"abstract":"Abstract Background and Purpose: Many organizations suffer from an increased in the paradoxical behaviours of leaders, leading to followers to feel lonely and the workplace ostracism, which negatively effects the emergence of organizational inertia. The main purpose of this study is to examine direct and indirect effect of paradoxical leader behaviours on organizational inertia through the mediating role of the workplace ostracism. Design/Methodology/Approach: Using the convenience sampling technique, a self-administered survey was conducted at the level of a sample (n = 564) of employees in the factories of the State Company for Textile and Leather Industry in Iraq. Structural equation modelling (SEM) was employed to test the proposed research model using the AMOS v.24 software. Results: The findings revealed that paradoxical leader behaviours have a significant effect on workplace ostracism and organizational inertia. Further, workplace ostracism significant effect on organizational inertia. In addition, the study empirically supports the mediating effect of workplace ostracism on the relationship between paradoxical leader behaviours and organizational inertia. Conclusion: When paradoxical behaviours arise in the behaviour of an organization’s leaders, it will have an influence on the emergence of workplace ostracism amongst employees, hence the subsequent emergence of organizational inertia in general in the work environment. Based on these results, this study should be of help to leaders in avoiding paradoxical behaviours in terms of maintaining a certain equilibrium in dealing with employees to find a positive work environment that reduces staff ostracism, and thus organizational inertia.","PeriodicalId":44901,"journal":{"name":"Organizacija","volume":"53 1","pages":"165 - 181"},"PeriodicalIF":1.9,"publicationDate":"2020-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44317371","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 Background and Purpose: Due to constant social, technological and economic change, social actor, interacting with environment, is constantly faced with the need to acquire new knowledge and develop different competences – field of statistics included. The latter, with development of statistical literacy, enables one to reflectively analyse environment and respond to its changes. The aim of this paper is to determine response effectiveness of a better statistically literate social actor to environmental changes from perspective of different generations in Slovenia. Design/Methodology/Approach: Empirical data was collected through a survey questionnaire, processed and analysed using chosen descriptive and inferential statistical methods. 1239 respondents of all three Slovenian generations participated. Two research questions were asked, one relating to the whole sample and the other to three subsamples according to age groups and generations. Results: Based on whole sample of all three generations, it can be concluded that statistical literacy influences responsiveness of social actor to environmental changes. Survey results show that better statistically literate social actors are more completely and actively involved in working environment, personal and social life and respond to environmental changes more effectively. Conclusion: More attention, on urgency to develop statistical literacy individually in professional and everyday life, should be put on raising awareness of statistical knowledge importance to cope with environmental changes and improving supply and accessibility of formal and informal forms of statistical education for all generations. Research results will also contribute to better planning and implementation of statistics education at the level of educational institutions and teachers of all three generations.
{"title":"The Effect of Statistical Literacy on Response to Environmental Change","authors":"Nikolaj Lipič, M. Ovsenik","doi":"10.2478/orga-2020-0010","DOIUrl":"https://doi.org/10.2478/orga-2020-0010","url":null,"abstract":"Abstract Background and Purpose: Due to constant social, technological and economic change, social actor, interacting with environment, is constantly faced with the need to acquire new knowledge and develop different competences – field of statistics included. The latter, with development of statistical literacy, enables one to reflectively analyse environment and respond to its changes. The aim of this paper is to determine response effectiveness of a better statistically literate social actor to environmental changes from perspective of different generations in Slovenia. Design/Methodology/Approach: Empirical data was collected through a survey questionnaire, processed and analysed using chosen descriptive and inferential statistical methods. 1239 respondents of all three Slovenian generations participated. Two research questions were asked, one relating to the whole sample and the other to three subsamples according to age groups and generations. Results: Based on whole sample of all three generations, it can be concluded that statistical literacy influences responsiveness of social actor to environmental changes. Survey results show that better statistically literate social actors are more completely and actively involved in working environment, personal and social life and respond to environmental changes more effectively. Conclusion: More attention, on urgency to develop statistical literacy individually in professional and everyday life, should be put on raising awareness of statistical knowledge importance to cope with environmental changes and improving supply and accessibility of formal and informal forms of statistical education for all generations. Research results will also contribute to better planning and implementation of statistics education at the level of educational institutions and teachers of all three generations.","PeriodicalId":44901,"journal":{"name":"Organizacija","volume":"53 1","pages":"147 - 163"},"PeriodicalIF":1.9,"publicationDate":"2020-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44494926","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 Background and purpose: Trust is embedded into the national culture. It is a tool that helps create strategic partnerships and facilitates deals that carry certain risks. Cultural differences and norms can affect business relations, but more often focus is on the obvious differences. Although trust in a business partner may be due to non-obvious differences, for example, which part of the deal the partner wants to control himself and which part of the deal he wants to give to the partner to control. If the difference between the real and desired levels of the partner’s control over the deal is large, then is trust possible, especially in intercultural business relations? Objective: One aim of our study is to find out whether trust may be considered as moderator of control in a business deal. In other words, if the level of trust in a business partner is higher, are the partners more open to sharing their control over the deal with each other? The other aim is to identify the links between these indicators (trust and control) in business partnerships of partners from different cultures. Design/Methodology/Approach: The study investigated the answers of 103 Slovenian and 124 Russian business partners. The Organizational Trust Inventory (OTI) and the 5-items questionnaire on control over deal were used to collect data. Descriptive and inferential statistics were used to process the data collected. Results: The probability that the business partner will not fulfil their obligations in the deal negatively relates to the level of trust. The difference between degree of desired control and degree of control negatively relates to the level of trust. Conclusion: As our results showed, trust cannot be considered as a strong moderator of control between partners. In response to greater trust, the respondents only agree to increase their partner’s control, but are not willing to reduce their own. Moreover, this finding is stronger in the group of Russian partners than in the Slovenian ones.
{"title":"The Relationship between Control over a Deal and Cognitive-Based Trust in an International Business Partnership","authors":"E. Boštjančič, F. Ismagilova, A. Maltcev","doi":"10.2478/orga-2020-0007","DOIUrl":"https://doi.org/10.2478/orga-2020-0007","url":null,"abstract":"Abstract Background and purpose: Trust is embedded into the national culture. It is a tool that helps create strategic partnerships and facilitates deals that carry certain risks. Cultural differences and norms can affect business relations, but more often focus is on the obvious differences. Although trust in a business partner may be due to non-obvious differences, for example, which part of the deal the partner wants to control himself and which part of the deal he wants to give to the partner to control. If the difference between the real and desired levels of the partner’s control over the deal is large, then is trust possible, especially in intercultural business relations? Objective: One aim of our study is to find out whether trust may be considered as moderator of control in a business deal. In other words, if the level of trust in a business partner is higher, are the partners more open to sharing their control over the deal with each other? The other aim is to identify the links between these indicators (trust and control) in business partnerships of partners from different cultures. Design/Methodology/Approach: The study investigated the answers of 103 Slovenian and 124 Russian business partners. The Organizational Trust Inventory (OTI) and the 5-items questionnaire on control over deal were used to collect data. Descriptive and inferential statistics were used to process the data collected. Results: The probability that the business partner will not fulfil their obligations in the deal negatively relates to the level of trust. The difference between degree of desired control and degree of control negatively relates to the level of trust. Conclusion: As our results showed, trust cannot be considered as a strong moderator of control between partners. In response to greater trust, the respondents only agree to increase their partner’s control, but are not willing to reduce their own. Moreover, this finding is stronger in the group of Russian partners than in the Slovenian ones.","PeriodicalId":44901,"journal":{"name":"Organizacija","volume":"53 1","pages":"110 - 95"},"PeriodicalIF":1.9,"publicationDate":"2020-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45742719","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}
Lucia Švábová, K. Valaskova, P. Durana, T. Kliestik
Abstract Background and Purpose: Models of identifying and predicting earnings management in companies by using accruals are in general based on the dependence between total assets of companies and various profit measures. In this paper, we focused on an initial dependency analysis between these business indicators in the Visegrad group’s business entities. We explore the mentioned relationships, verify, and quantify the strength of the dependencies between earnings levels of companies (in terms of economic evaluation of the return on business capital in absolute terms) and the value of their total assets (i.e. business capital tied in the assets without its further classification and analysis). Methodology: We use descriptive statistics as well as a correlation analysis based on the real business data on almost 300 thousand companies in the V4 countries from the Amadeus database, covering the period from 2013 to 2017. Finally, we use a comparative analysis to identify disproportion among the results that were found out for each of the analysed countries. Results: The analysis showed that Slovak companies have the average values of profit measures and total assets comparable to Hungarian companies. Czech and Polish companies have several times higher average values of profit measures and also of total assets than Slovak and Hungarian companies. The analysis of the development of the profit measures and the total assets of the companies over the years showed significant differences across the four countries during the period covered by this study. Conclusion: The analysis of relationships between total assets of the companies and their profit measures showed that the strength of these dependencies among countries is very similar, and over the years, these results did not change. The results of this study can be further used in the creation of the earnings management model in enterprises, both in Slovakia and in other V4 countries.
{"title":"Dependency Analysis Between Various Profit Measures and Corporate Total Assets for Visegrad Group’s Business Entities","authors":"Lucia Švábová, K. Valaskova, P. Durana, T. Kliestik","doi":"10.2478/orga-2020-0006","DOIUrl":"https://doi.org/10.2478/orga-2020-0006","url":null,"abstract":"Abstract Background and Purpose: Models of identifying and predicting earnings management in companies by using accruals are in general based on the dependence between total assets of companies and various profit measures. In this paper, we focused on an initial dependency analysis between these business indicators in the Visegrad group’s business entities. We explore the mentioned relationships, verify, and quantify the strength of the dependencies between earnings levels of companies (in terms of economic evaluation of the return on business capital in absolute terms) and the value of their total assets (i.e. business capital tied in the assets without its further classification and analysis). Methodology: We use descriptive statistics as well as a correlation analysis based on the real business data on almost 300 thousand companies in the V4 countries from the Amadeus database, covering the period from 2013 to 2017. Finally, we use a comparative analysis to identify disproportion among the results that were found out for each of the analysed countries. Results: The analysis showed that Slovak companies have the average values of profit measures and total assets comparable to Hungarian companies. Czech and Polish companies have several times higher average values of profit measures and also of total assets than Slovak and Hungarian companies. The analysis of the development of the profit measures and the total assets of the companies over the years showed significant differences across the four countries during the period covered by this study. Conclusion: The analysis of relationships between total assets of the companies and their profit measures showed that the strength of these dependencies among countries is very similar, and over the years, these results did not change. The results of this study can be further used in the creation of the earnings management model in enterprises, both in Slovakia and in other V4 countries.","PeriodicalId":44901,"journal":{"name":"Organizacija","volume":"53 1","pages":"80 - 90"},"PeriodicalIF":1.9,"publicationDate":"2020-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47015782","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 Background and Purpose: Statistics of sickness absenteeism in public administration in Slovenia is considerably higher (7.1% in 2018) than the percentage that applies for the whole of Slovenia (4.5% in 2018). The data also shows a similar pattern in the public sector in other countries. According to that, the main purpose of our research is to investigate the connection between fields of work, years of service, and sickness absenteeism in public administration in Slovenia. Methodology: Research data was collected with the help of an online questionnaire, which was designed for empirical research and consisted of several sets of questions. The collected data was processed using the SPSS statistical program. Results: The research was conducted in 2015 in public administration institutions, and 3,220 employees from public administration were included in our research sample. The results of the research show that there is a statistically significant connection between sickness absenteeism in public administration and years of service and the field of work of employees in public administration. Conclusion: The survey helps us to understand the connection between sickness absenteeism and years of service and field of work of employees in public administration. With regard to the results, it would be reasonable to adopt measures focused on groups of employees in public administration (older employees with a greater length of service, employed officials and professional-technical public employees) where sickness absence may be reduced. Sickness absenteeism in these groups of employees could be reduced by providing employees better leadership and conditions for satisfaction in the workplace.
{"title":"Association between Field of Work, Years of Service, and Sickness Absenteeism in Public Administration","authors":"Jernej Buzeti","doi":"10.2478/orga-2020-0004","DOIUrl":"https://doi.org/10.2478/orga-2020-0004","url":null,"abstract":"Abstract Background and Purpose: Statistics of sickness absenteeism in public administration in Slovenia is considerably higher (7.1% in 2018) than the percentage that applies for the whole of Slovenia (4.5% in 2018). The data also shows a similar pattern in the public sector in other countries. According to that, the main purpose of our research is to investigate the connection between fields of work, years of service, and sickness absenteeism in public administration in Slovenia. Methodology: Research data was collected with the help of an online questionnaire, which was designed for empirical research and consisted of several sets of questions. The collected data was processed using the SPSS statistical program. Results: The research was conducted in 2015 in public administration institutions, and 3,220 employees from public administration were included in our research sample. The results of the research show that there is a statistically significant connection between sickness absenteeism in public administration and years of service and the field of work of employees in public administration. Conclusion: The survey helps us to understand the connection between sickness absenteeism and years of service and field of work of employees in public administration. With regard to the results, it would be reasonable to adopt measures focused on groups of employees in public administration (older employees with a greater length of service, employed officials and professional-technical public employees) where sickness absence may be reduced. Sickness absenteeism in these groups of employees could be reduced by providing employees better leadership and conditions for satisfaction in the workplace.","PeriodicalId":44901,"journal":{"name":"Organizacija","volume":"53 1","pages":"53 - 67"},"PeriodicalIF":1.9,"publicationDate":"2020-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49133778","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}
H. I. Hussain, S. Kot, Hassanudin Mohd Thas Thaker, J. Turner
Abstract Background and Purpose: This study investigates the impact of environmental reporting on speed of adjustment and adjustment costs which is evaluated based on the ability of firms to adjust to target leverage level for non-financial firms listed in the Malaysian Stock Exchange (Bursa Malaysia). Design/Methodology/ Approach: The study selects Malaysian firms based on the contracting and political cost of the economy which is seen as a relationship-based economy. This in turn influences a firm’s ability to obtain external financing and thus has an important impact on capital structure decisions. In addition, the method employed allows for a direct measure on adjustment cost for firms. The current study utilises a dynamic regime switching model based on the DPF estimator to estimate rate of adjustment to optimal target levels based on the distinction of environmental reporting of public listed firms. The approach allows statistical inferences to control for potential serial correlation, endogeneity and heterogeneity concerns which accounts for firm specific characteristics. Results: The empirical findings suggest voluntary disclosure on environmental reporting increases a firm’s ability to access external financing at a cheaper cost as evidenced by a more rapid rate of adjustment. The findings are consistent across differing endogenous and exogenous factors indicating that these firms tend to face lower adjustment costs. Conclusion: The current study provides a direct measure on the ability of firms to adjust to target levels via security issues and repurchases in the capital markets. This in turn is a reflection of perceived riskiness and value from the investors’ point of view in an emerging market. Prior studies have focused on environmental reporting and equity risk premiums and have not evaluated the direct impact on firm value given that the trade-off theory of capital structure predicts that firm value is maximised at target i.e. optimal levels of leverage. This study addresses the current gap in the literature by evaluating the impact on firms’ value, based on the adjustment cost.
{"title":"Environmental Reporting and Speed of Adjustment to Target Leverage: Evidence from a Dynamic Regime Switching Model","authors":"H. I. Hussain, S. Kot, Hassanudin Mohd Thas Thaker, J. Turner","doi":"10.2478/orga-2020-0002","DOIUrl":"https://doi.org/10.2478/orga-2020-0002","url":null,"abstract":"Abstract Background and Purpose: This study investigates the impact of environmental reporting on speed of adjustment and adjustment costs which is evaluated based on the ability of firms to adjust to target leverage level for non-financial firms listed in the Malaysian Stock Exchange (Bursa Malaysia). Design/Methodology/ Approach: The study selects Malaysian firms based on the contracting and political cost of the economy which is seen as a relationship-based economy. This in turn influences a firm’s ability to obtain external financing and thus has an important impact on capital structure decisions. In addition, the method employed allows for a direct measure on adjustment cost for firms. The current study utilises a dynamic regime switching model based on the DPF estimator to estimate rate of adjustment to optimal target levels based on the distinction of environmental reporting of public listed firms. The approach allows statistical inferences to control for potential serial correlation, endogeneity and heterogeneity concerns which accounts for firm specific characteristics. Results: The empirical findings suggest voluntary disclosure on environmental reporting increases a firm’s ability to access external financing at a cheaper cost as evidenced by a more rapid rate of adjustment. The findings are consistent across differing endogenous and exogenous factors indicating that these firms tend to face lower adjustment costs. Conclusion: The current study provides a direct measure on the ability of firms to adjust to target levels via security issues and repurchases in the capital markets. This in turn is a reflection of perceived riskiness and value from the investors’ point of view in an emerging market. Prior studies have focused on environmental reporting and equity risk premiums and have not evaluated the direct impact on firm value given that the trade-off theory of capital structure predicts that firm value is maximised at target i.e. optimal levels of leverage. This study addresses the current gap in the literature by evaluating the impact on firms’ value, based on the adjustment cost.","PeriodicalId":44901,"journal":{"name":"Organizacija","volume":"53 1","pages":"21 - 35"},"PeriodicalIF":1.9,"publicationDate":"2020-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42432716","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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