Pub Date : 2022-12-20DOI: 10.5755/j01.ee.33.5.29934
P. Jovanović, T. Ivanović, Milica Maričić, Sonja Ivančević
Public servants play an important role as guardians, guarantors, and promoters of the regime values who are in frequent contact with the citizens. Having that in mind, it is of high importance to understand their behaviour and attitudes on legal changes, perceived red tape and job stress. The aim of this paper is, therefore, twofold: firstly, to explore the influence of red tape and perceived red tape on public procurement officers’ (PPOs) and managers’ (PPMs) perception of the new Public Procurement Law in terms of its benefits to public procurement process and to their jobs and job stress, and secondly, to explore the differences between PPOs and PPMs regarding the examined statements. To answer the first question, we proposed a conceptual model which was tested using structural equation modelling (SEM), while to answer the second question we used the Mann-Whitney test. Both analyses were done using the data collected from 115 PPOs and PPMs in Serbia. The results show that PPOs and PPMs share similar attitudes regarding the existence of red tape, perceived job stress, and the influence they expect the new legislation will have on their jobs. Their expectations of the new legislation as well as their perception of job stress are found to be partially influenced by red tape. As PPOs are not that convinced that the new law will improve their job, it may be concluded that the changes the new law will bring are not substantial enough.
{"title":"Public Procurement Employees' Perception on Legal Changes, Perceived Red Tape and Job Stress: Evidence from Serbia","authors":"P. Jovanović, T. Ivanović, Milica Maričić, Sonja Ivančević","doi":"10.5755/j01.ee.33.5.29934","DOIUrl":"https://doi.org/10.5755/j01.ee.33.5.29934","url":null,"abstract":"Public servants play an important role as guardians, guarantors, and promoters of the regime values who are in frequent contact with the citizens. Having that in mind, it is of high importance to understand their behaviour and attitudes on legal changes, perceived red tape and job stress. The aim of this paper is, therefore, twofold: firstly, to explore the influence of red tape and perceived red tape on public procurement officers’ (PPOs) and managers’ (PPMs) perception of the new Public Procurement Law in terms of its benefits to public procurement process and to their jobs and job stress, and secondly, to explore the differences between PPOs and PPMs regarding the examined statements. To answer the first question, we proposed a conceptual model which was tested using structural equation modelling (SEM), while to answer the second question we used the Mann-Whitney test. Both analyses were done using the data collected from 115 PPOs and PPMs in Serbia. The results show that PPOs and PPMs share similar attitudes regarding the existence of red tape, perceived job stress, and the influence they expect the new legislation will have on their jobs. Their expectations of the new legislation as well as their perception of job stress are found to be partially influenced by red tape. As PPOs are not that convinced that the new law will improve their job, it may be concluded that the changes the new law will bring are not substantial enough.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83175116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-20DOI: 10.5755/j01.ee.33.5.28872
I. Akman, Ç. Turhan
Blockchain technology has the potential to reshape the conventional ways of processes and transactions on digital platforms. Much of the attention surrounding blockchain is mainly focused on the technical and organizational aspects. Comparatively, little effort has been targeted towards understanding the attitudinal issues in blockchain adoption. This study aims to explore the role of attitudinal forms behind the intended timing of IT professionals’ blockchain adoption, with an emphasis on the differences between the public and private sectors. A survey method was used where the data was collected from 208 IT professionals from public and private sector establishments in order to investigate how the different attitudes of the participants as well as the differences in their work sectors affect their intention to adopt blockchain. The data collected was analysed with ordinal logistic regression and the results indicate that the participants’ affective, normative and pessimistic attitudes have a significant effect on the timing of blockchain adoption, and that these effects show differences among the IT professionals from the public and private sector. The findings are believed to provide valuable information to researchers and strategists in forecasting the future evolution of the blockchain technology in terms of individual utilization. The results also will provide feedback to managers of different sectors in making decisions regarding blockchain adoption, developers of blockchain services, as well as individuals who are interested in using blockchain.
{"title":"Sector Diversity among IT Professionals in the Timing of Blockchain Adoption: An Attitudinal Perspective","authors":"I. Akman, Ç. Turhan","doi":"10.5755/j01.ee.33.5.28872","DOIUrl":"https://doi.org/10.5755/j01.ee.33.5.28872","url":null,"abstract":"Blockchain technology has the potential to reshape the conventional ways of processes and transactions on digital platforms. Much of the attention surrounding blockchain is mainly focused on the technical and organizational aspects. Comparatively, little effort has been targeted towards understanding the attitudinal issues in blockchain adoption. This study aims to explore the role of attitudinal forms behind the intended timing of IT professionals’ blockchain adoption, with an emphasis on the differences between the public and private sectors. A survey method was used where the data was collected from 208 IT professionals from public and private sector establishments in order to investigate how the different attitudes of the participants as well as the differences in their work sectors affect their intention to adopt blockchain. The data collected was analysed with ordinal logistic regression and the results indicate that the participants’ affective, normative and pessimistic attitudes have a significant effect on the timing of blockchain adoption, and that these effects show differences among the IT professionals from the public and private sector. The findings are believed to provide valuable information to researchers and strategists in forecasting the future evolution of the blockchain technology in terms of individual utilization. The results also will provide feedback to managers of different sectors in making decisions regarding blockchain adoption, developers of blockchain services, as well as individuals who are interested in using blockchain.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82558131","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-26DOI: 10.5755/j01.ee.33.4.30472
Xuechang Zhu, Y. Li, Hui Shang
The massive spread of the COVID-19 outbreak has widely disrupted business activities around the world. In such a context, more manufacturing enterprises have to turn to online sales to restore sales and workforce. However, the actual effects of above relationships are still unknown. The aim of this study is to analyze whether and how online sales affect sales and workforce recovery from COVID-19. Meanwhile, we deeply explore the mediating effect of cash flow adequacy and the moderating effect of firm size. Drawing from a cross-country survey with 2714 manufacturing enterprises during the COVID-19 pandemic and controlling for self-selection bias, we find an inverted U-shaped effect of online sales on sales and workforce recovery. Online sales also exert an inverted U-shaped effect on cash flow adequacy, whereas this effect is weaker for small and medium enterprises (SMEs). Furthermore, cash flow adequacy positively facilitates sales and workforce recovery, indicating the role of cash flow adequacy in partially mediating the relationship between online sales and recovery. In addition, we confirm that firm size moderates the indirect effect of online sales on sales and workforce recovery through cash flow adequacy. This study not only expands e-commerce and emergency management research domain and enriches the results of related research, but also provides management implications for the recovery of manufacturing enterprises from the perspective of online sales during the COVID-19 pandemic.
{"title":"The Impact of Online Sales on Recovery from COVID-19","authors":"Xuechang Zhu, Y. Li, Hui Shang","doi":"10.5755/j01.ee.33.4.30472","DOIUrl":"https://doi.org/10.5755/j01.ee.33.4.30472","url":null,"abstract":"The massive spread of the COVID-19 outbreak has widely disrupted business activities around the world. In such a context, more manufacturing enterprises have to turn to online sales to restore sales and workforce. However, the actual effects of above relationships are still unknown. The aim of this study is to analyze whether and how online sales affect sales and workforce recovery from COVID-19. Meanwhile, we deeply explore the mediating effect of cash flow adequacy and the moderating effect of firm size. Drawing from a cross-country survey with 2714 manufacturing enterprises during the COVID-19 pandemic and controlling for self-selection bias, we find an inverted U-shaped effect of online sales on sales and workforce recovery. Online sales also exert an inverted U-shaped effect on cash flow adequacy, whereas this effect is weaker for small and medium enterprises (SMEs). Furthermore, cash flow adequacy positively facilitates sales and workforce recovery, indicating the role of cash flow adequacy in partially mediating the relationship between online sales and recovery. In addition, we confirm that firm size moderates the indirect effect of online sales on sales and workforce recovery through cash flow adequacy. This study not only expands e-commerce and emergency management research domain and enriches the results of related research, but also provides management implications for the recovery of manufacturing enterprises from the perspective of online sales during the COVID-19 pandemic.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86618602","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-26DOI: 10.5755/j01.ee.33.4.29665
Borut Vojinović, F. Krizanic
In our paper we present the impact of final consumption change on a product by applying the meaning of the autonomous consumption multiplier. Similar to Leontief and Kahn we introduced the multiplier of autonomous consumption, and with it the concept of the influence of change in final consumption on production in the order of a series of subsequent periods. In our analysis, the Slovenian economic investments in the renovation of Slovenian cultural heritage buildings affect the revenue of the Slovenian economy by a multiplier of 2,945. The impact on value added is 1,236. With one million investments in the renovation of Slovene cultural heritage buildings, the revenue of the Slovene economy will increase by more than 2.9 million euros and value added by 1.2 million euros after the adjustment period. The analysed investments will enable employments of 32 employees and the utilization of 3 million euros in fixed assets.
{"title":"Characteristics of Consumption Changes in Alignment with Renovation Investments of Immovable Cultural Heritage","authors":"Borut Vojinović, F. Krizanic","doi":"10.5755/j01.ee.33.4.29665","DOIUrl":"https://doi.org/10.5755/j01.ee.33.4.29665","url":null,"abstract":"In our paper we present the impact of final consumption change on a product by applying the meaning of the autonomous consumption multiplier. Similar to Leontief and Kahn we introduced the multiplier of autonomous consumption, and with it the concept of the influence of change in final consumption on production in the order of a series of subsequent periods. In our analysis, the Slovenian economic investments in the renovation of Slovenian cultural heritage buildings affect the revenue of the Slovenian economy by a multiplier of 2,945. The impact on value added is 1,236. With one million investments in the renovation of Slovene cultural heritage buildings, the revenue of the Slovene economy will increase by more than 2.9 million euros and value added by 1.2 million euros after the adjustment period. The analysed investments will enable employments of 32 employees and the utilization of 3 million euros in fixed assets.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89795184","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-26DOI: 10.5755/j01.ee.33.4.30244
Z. Rakićević, Jovana Rakićević, Jelena Anđelković Labrović, Brankica Ljamić-Ivanović
This paper explores how entrepreneurial education and entrepreneurial environment affect entrepreneurial readiness (ER) of students from Science, Technology, Engineering, Mathematics (STEM), and business, i.e., economics and management (E&M) studies. Moreover, it examines how the combination of the aforementioned factors affect the difference in ER between STEM and E&M students. The evaluation is performed on the sample of 595 university students. The results show that two sources of entrepreneurial learning, entrepreneurial experience in the family environment and entrepreneurial education at university, combined with the field of studies represent significant factors that predetermine students’ ER. To be able to reach the highest level of ER, the combination of having entrepreneurial environment and entrepreneurial education is crucial for both E&M and STEM students. However, since E&M students show higher level of ER, the paper emphasises the importance of fostering systemic entrepreneurial education among STEM students.
{"title":"How Entrepreneurial Education and Environment Affect Entrepreneurial Readiness of STEM and Business Students? A Longitudinal Study","authors":"Z. Rakićević, Jovana Rakićević, Jelena Anđelković Labrović, Brankica Ljamić-Ivanović","doi":"10.5755/j01.ee.33.4.30244","DOIUrl":"https://doi.org/10.5755/j01.ee.33.4.30244","url":null,"abstract":"This paper explores how entrepreneurial education and entrepreneurial environment affect entrepreneurial readiness (ER) of students from Science, Technology, Engineering, Mathematics (STEM), and business, i.e., economics and management (E&M) studies. Moreover, it examines how the combination of the aforementioned factors affect the difference in ER between STEM and E&M students. The evaluation is performed on the sample of 595 university students. The results show that two sources of entrepreneurial learning, entrepreneurial experience in the family environment and entrepreneurial education at university, combined with the field of studies represent significant factors that predetermine students’ ER. To be able to reach the highest level of ER, the combination of having entrepreneurial environment and entrepreneurial education is crucial for both E&M and STEM students. However, since E&M students show higher level of ER, the paper emphasises the importance of fostering systemic entrepreneurial education among STEM students.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76119520","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-26DOI: 10.5755/j01.ee.33.4.31806
S. Mariotti
Economics and engineering have often intertwined, through the sharing of mathematical modeling tools, analogies and the migration of concepts. These processes have contributed to bridging the epistemological gap between the two disciplines and above all they have fueled a contamination that has allowed the advancement of knowledge. However, this exchange has long entered a phase of diminishing returns and is now not sufficient to respond to the growing complexity that is required of science and its methodologies to interpret the real world, increasingly integrated in all its aspects and influenced by clusters of pervasive innovation and technological progress. This urges the establishment of a new "pluralistic alliance" between the different semi-autonomous branches of the two disciplines, to be realized on a scientific platform, understood as a socio-epistemic space that allows for the meeting between scholars aimed at achieving common or similar scientific goals. The article discusses how to institutionalize this platform and highlights the largely incipient state and difficulties that stand in the way of its legitimacy.
{"title":"Institutionalizing a Pluralistic Alliance between Economics and Engineering","authors":"S. Mariotti","doi":"10.5755/j01.ee.33.4.31806","DOIUrl":"https://doi.org/10.5755/j01.ee.33.4.31806","url":null,"abstract":"Economics and engineering have often intertwined, through the sharing of mathematical modeling tools, analogies and the migration of concepts. These processes have contributed to bridging the epistemological gap between the two disciplines and above all they have fueled a contamination that has allowed the advancement of knowledge. However, this exchange has long entered a phase of diminishing returns and is now not sufficient to respond to the growing complexity that is required of science and its methodologies to interpret the real world, increasingly integrated in all its aspects and influenced by clusters of pervasive innovation and technological progress. This urges the establishment of a new \"pluralistic alliance\" between the different semi-autonomous branches of the two disciplines, to be realized on a scientific platform, understood as a socio-epistemic space that allows for the meeting between scholars aimed at achieving common or similar scientific goals. The article discusses how to institutionalize this platform and highlights the largely incipient state and difficulties that stand in the way of its legitimacy.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91284011","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper proposes an approach to select a market segment portfolio to maximize overall profit. The study first uses artificial intelligence algorithms to select the market segments with high profitability. The mathematical programming model is then used to identify the most profitable market segment portfolio. The single-objective programming model is used to find the optimal profit for the baseline condition, and a sensitivity analysis is performed to understand the impact of the variable changes on the results. Then, a multi-objective programming model helps to identify the best profit when the evaluated items reach extreme values. A sensitivity analysis is conducted to reveal the impact of the variable changes on the results. The above results are compared with those of the scoring method. It is found that the artificial intelligence algorithm combined with mathematical programming models can indeed find the market segmentation portfolio with better profits than the conventional methods.
{"title":"Artificial Intelligence in Market Segment Portfolio for Profit Maximization","authors":"Chih-Piao Peng, Chiu-Chi Wei, Hsien-Hong Lin, Su-Hui Chen","doi":"10.5755/j01.ee.33.4.29543","DOIUrl":"https://doi.org/10.5755/j01.ee.33.4.29543","url":null,"abstract":"This paper proposes an approach to select a market segment portfolio to maximize overall profit. The study first uses artificial intelligence algorithms to select the market segments with high profitability. The mathematical programming model is then used to identify the most profitable market segment portfolio. The single-objective programming model is used to find the optimal profit for the baseline condition, and a sensitivity analysis is performed to understand the impact of the variable changes on the results. Then, a multi-objective programming model helps to identify the best profit when the evaluated items reach extreme values. A sensitivity analysis is conducted to reveal the impact of the variable changes on the results. The above results are compared with those of the scoring method. It is found that the artificial intelligence algorithm combined with mathematical programming models can indeed find the market segmentation portfolio with better profits than the conventional methods.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91093944","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-26DOI: 10.5755/j01.ee.33.4.30203
M. Rozkwitalska, A. M. Lis
The purpose of the paper is to present how members of cluster organizations perceive their role in the accumulation of technological capability through social learning. The paper presents the results of a qualitative study of four cluster organizations. The theoretical foundation of the study are the communities of practice and the organizational inertia theories. The study indicates that the dynamics of technological capability of cluster organizations’ companies varies regarding three identified communities of practice, namely Participants, Cooperators and Locomotives. The so-called Dead souls (not included in any of the identified communities of practice) did not accumulate technological capability, while the companies classified as Participants increased their technological capability through social learning in cluster organizations provided that the cluster organizations offered comparatively high benefits. Those members of cluster organizations, identified as Cooperators and Locomotives, exhibited relatively high initial technological capability and increased it when the benefits received through social learning in cluster organizations were aligned with their technological trajectories. The study adds to the underdeveloped knowledge of cluster organizations by examining their role in enabling social learning that helps cluster firms accumulate technological capability.
{"title":"Social Learning in Cluster Organizations and Accumulation of Technological Capability","authors":"M. Rozkwitalska, A. M. Lis","doi":"10.5755/j01.ee.33.4.30203","DOIUrl":"https://doi.org/10.5755/j01.ee.33.4.30203","url":null,"abstract":"The purpose of the paper is to present how members of cluster organizations perceive their role in the accumulation of technological capability through social learning. The paper presents the results of a qualitative study of four cluster organizations. The theoretical foundation of the study are the communities of practice and the organizational inertia theories. The study indicates that the dynamics of technological capability of cluster organizations’ companies varies regarding three identified communities of practice, namely Participants, Cooperators and Locomotives. The so-called Dead souls (not included in any of the identified communities of practice) did not accumulate technological capability, while the companies classified as Participants increased their technological capability through social learning in cluster organizations provided that the cluster organizations offered comparatively high benefits. Those members of cluster organizations, identified as Cooperators and Locomotives, exhibited relatively high initial technological capability and increased it when the benefits received through social learning in cluster organizations were aligned with their technological trajectories. The study adds to the underdeveloped knowledge of cluster organizations by examining their role in enabling social learning that helps cluster firms accumulate technological capability.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76408152","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-26DOI: 10.5755/j01.ee.33.4.29649
S. Rakic, M. Pero, A. Sianesi, U. Marjanović
Digital servitization provides radical changes in the offer of products from manufacturing firms. The purpose of this paper is to investigate the impact of digital servitization on manufacturing firm performance and demonstrate the role of technology intensity, product-related services, and digital solutions in different industry sectors. This research collected data from 240 manufacturing firms from the Republic of Serbia under the European manufacturing survey from 2018. Multivariate regression analysis was used to test the impact of product-related services and digital solutions on manufacturing firm performance according to technology intensity. The findings show that the impact of digital servitization is more significant with the higher technology intensity level of the industry sector. Furthermore, the results show that Data-based services based on Big Data Analysis have the highest impact on manufacturing firm performance in all categories of technology intensity. Moreover, results from the fixed panel regression show production managers which combination of product-related services along with digital solutions make the highest financial performance according to the technology intensity of the firm.
{"title":"Digital Servitization and Firm Performance: Technology Intensity Approach","authors":"S. Rakic, M. Pero, A. Sianesi, U. Marjanović","doi":"10.5755/j01.ee.33.4.29649","DOIUrl":"https://doi.org/10.5755/j01.ee.33.4.29649","url":null,"abstract":"Digital servitization provides radical changes in the offer of products from manufacturing firms. The purpose of this paper is to investigate the impact of digital servitization on manufacturing firm performance and demonstrate the role of technology intensity, product-related services, and digital solutions in different industry sectors. This research collected data from 240 manufacturing firms from the Republic of Serbia under the European manufacturing survey from 2018. Multivariate regression analysis was used to test the impact of product-related services and digital solutions on manufacturing firm performance according to technology intensity. The findings show that the impact of digital servitization is more significant with the higher technology intensity level of the industry sector. Furthermore, the results show that Data-based services based on Big Data Analysis have the highest impact on manufacturing firm performance in all categories of technology intensity. Moreover, results from the fixed panel regression show production managers which combination of product-related services along with digital solutions make the highest financial performance according to the technology intensity of the firm.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82151306","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-26DOI: 10.5755/j01.ee.33.4.27638
V. Grosu, Svetlana Mihailă, Nicolai Jieri, M. Zlati, M. Socoliuc, C. Cosmulese
The mandatory implementation of the International Financial Reporting Standard 15 (IFRS 15) Revenue from Contracts with Customers starting with the 2018 financial year for all those companies using the IFRS has led to a significant change in approaching the accounting policies on profits, especially those related to their evaluation and identification within the financial statement. It is a fact that this significant change has had visible effects on the information disclosed by stakeholders especially given the stressful financial statement when both the costs themselves and the lack of cash flow have amplified these results. Consequently, the aim of the present study is both to evaluate the real impact of the use of the IFRS 15 in different fields of activity and to identify those solutions in terms of solving the issues for each and every significant sector given the stressful financial conditions, especially in those countries with an emergent economy. Thus, the main objectives of the study itself refer to the identification of the framework of applicability of the IFRS 15 and its matrix transposition in the form of a scoreboard based on certain cross-panel correlation keys and the design of an extended modelling methodology for applying the IFRS 15 based on dynamic indicators and indexes. The final results refer to the design of a replicable model of extended usage of the IFRS 15 which will serve all the analysed fields of activity. This up-to-date topic is the result of the implementation of the right model in itself as well as an accurate and objective evaluation of the value of those profits originating from the contracts signed with clients for all those categories of entities using the IFRS irrespective of the type of activity or the business model.
{"title":"Extended Implementation of IFRS 15 Integrated Model in Countries with an Emerging Economy","authors":"V. Grosu, Svetlana Mihailă, Nicolai Jieri, M. Zlati, M. Socoliuc, C. Cosmulese","doi":"10.5755/j01.ee.33.4.27638","DOIUrl":"https://doi.org/10.5755/j01.ee.33.4.27638","url":null,"abstract":"The mandatory implementation of the International Financial Reporting Standard 15 (IFRS 15) Revenue from Contracts with Customers starting with the 2018 financial year for all those companies using the IFRS has led to a significant change in approaching the accounting policies on profits, especially those related to their evaluation and identification within the financial statement. It is a fact that this significant change has had visible effects on the information disclosed by stakeholders especially given the stressful financial statement when both the costs themselves and the lack of cash flow have amplified these results. Consequently, the aim of the present study is both to evaluate the real impact of the use of the IFRS 15 in different fields of activity and to identify those solutions in terms of solving the issues for each and every significant sector given the stressful financial conditions, especially in those countries with an emergent economy. Thus, the main objectives of the study itself refer to the identification of the framework of applicability of the IFRS 15 and its matrix transposition in the form of a scoreboard based on certain cross-panel correlation keys and the design of an extended modelling methodology for applying the IFRS 15 based on dynamic indicators and indexes. The final results refer to the design of a replicable model of extended usage of the IFRS 15 which will serve all the analysed fields of activity. This up-to-date topic is the result of the implementation of the right model in itself as well as an accurate and objective evaluation of the value of those profits originating from the contracts signed with clients for all those categories of entities using the IFRS irrespective of the type of activity or the business model.","PeriodicalId":46830,"journal":{"name":"Inzinerine Ekonomika-Engineering Economics","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2022-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80275104","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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