{"title":"How Does Technology Enable Competitive Advantage? Reviewing State of the Art and Outlining Future Directions","authors":"","doi":"10.7441/joc.2022.04.10","DOIUrl":"https://doi.org/10.7441/joc.2022.04.10","url":null,"abstract":"","PeriodicalId":46971,"journal":{"name":"Journal of Competitiveness","volume":" ","pages":""},"PeriodicalIF":7.3,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48493556","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Digital Transformation and Industry 4.0 Initiatives for Market Competitiveness: Business Integration Management Model in the Healthcare Industry","authors":"","doi":"10.7441/joc.2022.04.01","DOIUrl":"https://doi.org/10.7441/joc.2022.04.01","url":null,"abstract":"","PeriodicalId":46971,"journal":{"name":"Journal of Competitiveness","volume":" ","pages":""},"PeriodicalIF":7.3,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42834104","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Since the introduction of new European Union legislation seeking to establish a single European railway area and increase the railway sector’s competitiveness, competition has also become a reality in this, until then, monopoly market. In addition to allowing open access to the railway market with freight and passenger services, competition in the regulated part of the market has been increasing, specifically in the segment of public passenger transport services. Public tendering for providing public services has increased the quality of services for passengers and contracting authorities; however, the question remains whether this model of awarding these services is also effective from a socioeconomic viewpoint. This study focused on evaluating contracting authorities of public services in the Visegrád-4 countries regarding public spending effectiveness. Based on the chosen model inputs and outputs related to performance and value indicators of public service contracts, we calculate individual contracting authorities’ relative effectiveness using nonparametric data envelopment analysis (DEA) models. We subsequently tested assumptions of the difference in effectiveness according to awarding services, individual countries or ownership of railway undertakings. We came to the conclusion that it is not possible to confirm that public tenders in V4 countries significantly increased the effectiveness of public spending in comparison with direct awards or other ways of awarding PSO. Discussions on the main results and research limitations are also part of this paper.
{"title":"Competition on the Railway Market in a Segment of Public Service Obligations in Terms of Effectiveness: Study in V4 Countries","authors":"Anna Dolinayova, Igor Domeny","doi":"10.7441/joc.2022.03.03","DOIUrl":"https://doi.org/10.7441/joc.2022.03.03","url":null,"abstract":"Since the introduction of new European Union legislation seeking to establish a single European railway area and increase the railway sector’s competitiveness, competition has also become a reality in this, until then, monopoly market. In addition to allowing open access to the railway market with freight and passenger services, competition in the regulated part of the market has been increasing, specifically in the segment of public passenger transport services. Public tendering for providing public services has increased the quality of services for passengers and contracting authorities; however, the question remains whether this model of awarding these services is also effective from a socioeconomic viewpoint. This study focused on evaluating contracting authorities of public services in the Visegrád-4 countries regarding public spending effectiveness. Based on the chosen model inputs and outputs related to performance and value indicators of public service contracts, we calculate individual contracting authorities’ relative effectiveness using nonparametric data envelopment analysis (DEA) models. We subsequently tested assumptions of the difference in effectiveness according to awarding services, individual countries or ownership of railway undertakings. We came to the conclusion that it is not possible to confirm that public tenders in V4 countries significantly increased the effectiveness of public spending in comparison with direct awards or other ways of awarding PSO. Discussions on the main results and research limitations are also part of this paper.","PeriodicalId":46971,"journal":{"name":"Journal of Competitiveness","volume":" ","pages":""},"PeriodicalIF":7.3,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48256154","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Chaiyawit Muangmee, Nuttapon Kassakorn, Bilal Khalid, R. Bačík, S. Kot
This research investigated Supply Chain Management (SCM) in Small and Medium Enterprises (SMEs) in Thailand, Slovakia, and Poland and compared the SCM practices among the three countries. The sole purpose was to first determine the various factors that influence SCM operations and SCM practices in each of the countries and then find out whether there is a difference among the three countries in terms of SCM operations and practices. The study was conducted using primary data collected from SME management personnel from the three countries. A structured questionnaire was used to collect the data using a 5-point Likert scale. The data was analyzed using multi-group Structural Equation Modeling (SEM). The results of the study indicated that supply chain management practices and operations adopted by the small and medium enterprises in Thailand, Slovakia, and Poland were invariant. The environmental sustainability elements in SCM and the social aspects of sustainability in SCM have positively influenced SCM practices in all countries. The study recommended that SMEs in the countries should consider adopting the factors that support SCM, operationalizing the SCM through enhancing the capabilities of the end-user, and vitally taking into consideration the environmental sustainability elements in SCM, such as environmentally-friendly production processes, taking action towards waste management, and adopting production processes that inhibit the emission of harmful substances into the atmosphere by encouraging the implementation of policies that foster the use of renewable energy sources in production.
{"title":"Evaluating Competitiveness in the Supply Chain Management of Small and Medium Scale Enterprises","authors":"Chaiyawit Muangmee, Nuttapon Kassakorn, Bilal Khalid, R. Bačík, S. Kot","doi":"10.7441/joc.2022.03.06","DOIUrl":"https://doi.org/10.7441/joc.2022.03.06","url":null,"abstract":"This research investigated Supply Chain Management (SCM) in Small and Medium Enterprises (SMEs) in Thailand, Slovakia, and Poland and compared the SCM practices among the three countries. The sole purpose was to first determine the various factors that influence SCM operations and SCM practices in each of the countries and then find out whether there is a difference among the three countries in terms of SCM operations and practices. The study was conducted using primary data collected from SME management personnel from the three countries. A structured questionnaire was used to collect the data using a 5-point Likert scale. The data was analyzed using multi-group Structural Equation Modeling (SEM). The results of the study indicated that supply chain management practices and operations adopted by the small and medium enterprises in Thailand, Slovakia, and Poland were invariant. The environmental sustainability elements in SCM and the social aspects of sustainability in SCM have positively influenced SCM practices in all countries. The study recommended that SMEs in the countries should consider adopting the factors that support SCM, operationalizing the SCM through enhancing the capabilities of the end-user, and vitally taking into consideration the environmental sustainability elements in SCM, such as environmentally-friendly production processes, taking action towards waste management, and adopting production processes that inhibit the emission of harmful substances into the atmosphere by encouraging the implementation of policies that foster the use of renewable energy sources in production.","PeriodicalId":46971,"journal":{"name":"Journal of Competitiveness","volume":" ","pages":""},"PeriodicalIF":7.3,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44301172","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Adrian Oţoiu, E. Țițan, D. Paraschiv, Vasile Dinu, D. Manea
Given the advent of Industry 4.0 and the importance of labour-based automation in ensuring competitiveness at the firm, regional cluster, or country level, the paper aims to explore, for the first time, the features of several estimates of occupational/labour automation and to assess the potential risks associated with it. A comparative analysis of the most well-established estimates of labour automation, the Occupational Information Network (O*NET) degree of automation estimates and Frey and Osborne’s future probabilities of automation was carried out to see whether, and to what extent, these estimates are compatible. Results show significant distributional differences between them, which are quantified into automation-triggered disruption risks at the occupational level, as current levels of labour automation are, in some cases, well below their future estimates. Work context features were used to derive a typology of occupations, which can explain up to one-third of the current, and up to half of the future levels of labour automation. Finally, we identified which occupations and occupational groups are likely to be affected by the highest risk of automation-induced displacement and estimated the magnitude of different disruption classes. Conclusions are compatible with other economywide assessments of the impact of labour automation on the workforce, thus being valuable inputs for corporate strategy, decision-makers and human resource planners as they address a growing need for quantitative insights useful for adapting the labour force structure, workers’ skills, and the task content of occupations to the competitiveness requirements related to the process of digitization in the Industry 4.0 context.
{"title":"Analysing Labour-Based Estimates of Automation and Their Implications. A Comparative Approach from an Economic Competitiveness Perspective","authors":"Adrian Oţoiu, E. Țițan, D. Paraschiv, Vasile Dinu, D. Manea","doi":"10.7441/joc.2022.03.08","DOIUrl":"https://doi.org/10.7441/joc.2022.03.08","url":null,"abstract":"Given the advent of Industry 4.0 and the importance of labour-based automation in ensuring competitiveness at the firm, regional cluster, or country level, the paper aims to explore, for the first time, the features of several estimates of occupational/labour automation and to assess the potential risks associated with it. A comparative analysis of the most well-established estimates of labour automation, the Occupational Information Network (O*NET) degree of automation estimates and Frey and Osborne’s future probabilities of automation was carried out to see whether, and to what extent, these estimates are compatible. Results show significant distributional differences between them, which are quantified into automation-triggered disruption risks at the occupational level, as current levels of labour automation are, in some cases, well below their future estimates. Work context features were used to derive a typology of occupations, which can explain up to one-third of the current, and up to half of the future levels of labour automation. Finally, we identified which occupations and occupational groups are likely to be affected by the highest risk of automation-induced displacement and estimated the magnitude of different disruption classes. Conclusions are compatible with other economywide assessments of the impact of labour automation on the workforce, thus being valuable inputs for corporate strategy, decision-makers and human resource planners as they address a growing need for quantitative insights useful for adapting the labour force structure, workers’ skills, and the task content of occupations to the competitiveness requirements related to the process of digitization in the Industry 4.0 context.","PeriodicalId":46971,"journal":{"name":"Journal of Competitiveness","volume":" ","pages":""},"PeriodicalIF":7.3,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44901714","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The research presents the interrelationships between banking performance, competitiveness and sustainability of the three banking systems and the impact of each sustainability variable selected on the other macroeconomic indicators in short, medium and long-time horizon. The empirical study involved the use of a panel Auto Regressive Vector methodology and was based on macroeconomic indicators relevant to the performance of the banking system (return on assets, return on equity, an annual growth rate of Gross Domestic Product), as well as indicators that can be assimilated to sustainability (renewable fuels used, CO2 emissions). The dependent variables were return on assets and the annual growth rate of Gross Domestic Product. The global sample analyzed comprises 29 countries, spread over three continents (Europe, North America, Asia), with data collected over a 10-years period (2011-2020). These countries together account for approximately 62% of global GDP (data from 2020). The research results show that as banks invest in green energy and sustainable products, competitiveness will also increase, which will have a negative impact on profitability in the short term. In the medium and long term, this impact will become positive also in terms of profitability increase. This strategic move to develop sustainable business models and to finance a higher percentage of green investments also adds extra competitive advantages, such as reputation and smart differentiation, from other less sustainability-oriented banking systems. The process impacts the systemic level, the macro perspective, the banking organizational level, the micro perspective, together with the perception of the customers.
{"title":"Banking, Competitiveness and Sustainability: The Perspective of the Three Global Actors: US, China, Europe","authors":"N. Istudor, D. Nitescu, V. Dumitru, C. Anghel","doi":"10.7441/joc.2022.03.04","DOIUrl":"https://doi.org/10.7441/joc.2022.03.04","url":null,"abstract":"The research presents the interrelationships between banking performance, competitiveness and sustainability of the three banking systems and the impact of each sustainability variable selected on the other macroeconomic indicators in short, medium and long-time horizon. The empirical study involved the use of a panel Auto Regressive Vector methodology and was based on macroeconomic indicators relevant to the performance of the banking system (return on assets, return on equity, an annual growth rate of Gross Domestic Product), as well as indicators that can be assimilated to sustainability (renewable fuels used, CO2 emissions). The dependent variables were return on assets and the annual growth rate of Gross Domestic Product. The global sample analyzed comprises 29 countries, spread over three continents (Europe, North America, Asia), with data collected over a 10-years period (2011-2020). These countries together account for approximately 62% of global GDP (data from 2020). The research results show that as banks invest in green energy and sustainable products, competitiveness will also increase, which will have a negative impact on profitability in the short term. In the medium and long term, this impact will become positive also in terms of profitability increase. This strategic move to develop sustainable business models and to finance a higher percentage of green investments also adds extra competitive advantages, such as reputation and smart differentiation, from other less sustainability-oriented banking systems. The process impacts the systemic level, the macro perspective, the banking organizational level, the micro perspective, together with the perception of the customers.","PeriodicalId":46971,"journal":{"name":"Journal of Competitiveness","volume":"1 1","pages":""},"PeriodicalIF":7.3,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71330151","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The global COVID-19 pandemic has changed the behaviour of individuals and companies. This study aims to determine changes in the labour market behaviour of economically active individuals in the context of the pandemic and to identify competitive segments in this period. For this purpose, a representative survey (n = 3079) conducted in the Czech Republic was used. The paper’s contribution is a perspective of individuals’ behaviour and their perception of the situation. Based on subjective perceptions, respondents provided an assessment of their living situation before and during the pandemic, expressing their opinion on the importance of selected aspects of quality of life, such as their health, active social contacts, creation of financial savings, ability to pay bills, leisure time and coping with stressful situations. The results of a Wilcoxon test showed that individuals re-evaluated each aspect of life and that the pandemic changed the importance for all of them (except leisure time). This change is also reflected in their psyche, attitude towards work organisation, digitalisation and other factors; these were applied in a cluster analysis, which resulted in the identification of three segments in the group of employees in the labour market (competitive individuals, surviving individuals and those reluctant to respond to change). For the group of entrepreneurs, two segments emerged (flexible and loss-creating), while for the unemployed group, the typical segment can be described as dissatisfied and Covid victims. The names of these segments indicate their behaviour and provide possibilities for future use.
{"title":"Competitiveness of Individuals in the Labour Market During the Pandemic","authors":"Irena Antošová, Naďa Hazuchová, J. Stávková","doi":"10.7441/joc.2022.03.02","DOIUrl":"https://doi.org/10.7441/joc.2022.03.02","url":null,"abstract":"The global COVID-19 pandemic has changed the behaviour of individuals and companies. This study aims to determine changes in the labour market behaviour of economically active individuals in the context of the pandemic and to identify competitive segments in this period. For this purpose, a representative survey (n = 3079) conducted in the Czech Republic was used. The paper’s contribution is a perspective of individuals’ behaviour and their perception of the situation. Based on subjective perceptions, respondents provided an assessment of their living situation before and during the pandemic, expressing their opinion on the importance of selected aspects of quality of life, such as their health, active social contacts, creation of financial savings, ability to pay bills, leisure time and coping with stressful situations. The results of a Wilcoxon test showed that individuals re-evaluated each aspect of life and that the pandemic changed the importance for all of them (except leisure time). This change is also reflected in their psyche, attitude towards work organisation, digitalisation and other factors; these were applied in a cluster analysis, which resulted in the identification of three segments in the group of employees in the labour market (competitive individuals, surviving individuals and those reluctant to respond to change). For the group of entrepreneurs, two segments emerged (flexible and loss-creating), while for the unemployed group, the typical segment can be described as dissatisfied and Covid victims. The names of these segments indicate their behaviour and provide possibilities for future use.","PeriodicalId":46971,"journal":{"name":"Journal of Competitiveness","volume":" ","pages":""},"PeriodicalIF":7.3,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45381939","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Due to intense global competition, manufacturing companies need to improve and optimize productivity, increase production and flexibility, and gain competitive advantages. Companies have begun to look for new approaches and strategies in the field of production management. This includes tools like Single Minute Exchange of Die (SMED) and Total Productive Maintenance (TPM), which aim to manage machines and equipment, reduce waste and lead time, and ensure and enhance competitiveness. The main objective of this study is to explore the connection and the context of the use of industrial engineering tools, namely SMED and TPM, and to monitor and evaluate Overall Equipment Effectiveness (OEE) in industrial companies in the Czech Republic. A comprehensive questionnaire survey of 200 companies and a detailed evaluation of the operational performance of 92 companies were carried out from the third quarter of 2019 to the third quarter of 2020. It was found out that 20.5% of companies implemented SMED, 26.5% of companies implemented TPM, and 54.0% of companies did not monitor and evaluate OEE. The research confirms the theoretical link between SMED and OEE and between OEE and TPM. The statistical significance of the use of SMED and TPM separately was not demonstrated. However, the mutual interaction of using TPM and SMED on the OEE level was proved.
{"title":"The Impact of Single Minute Exchange of Die and Total Productive Maintenance on Overall Equipment Effectiveness","authors":"P. Ondra","doi":"10.7441/joc.2022.03.07","DOIUrl":"https://doi.org/10.7441/joc.2022.03.07","url":null,"abstract":"Due to intense global competition, manufacturing companies need to improve and optimize productivity, increase production and flexibility, and gain competitive advantages. Companies have begun to look for new approaches and strategies in the field of production management. This includes tools like Single Minute Exchange of Die (SMED) and Total Productive Maintenance (TPM), which aim to manage machines and equipment, reduce waste and lead time, and ensure and enhance competitiveness. The main objective of this study is to explore the connection and the context of the use of industrial engineering tools, namely SMED and TPM, and to monitor and evaluate Overall Equipment Effectiveness (OEE) in industrial companies in the Czech Republic. A comprehensive questionnaire survey of 200 companies and a detailed evaluation of the operational performance of 92 companies were carried out from the third quarter of 2019 to the third quarter of 2020. It was found out that 20.5% of companies implemented SMED, 26.5% of companies implemented TPM, and 54.0% of companies did not monitor and evaluate OEE. The research confirms the theoretical link between SMED and OEE and between OEE and TPM. The statistical significance of the use of SMED and TPM separately was not demonstrated. However, the mutual interaction of using TPM and SMED on the OEE level was proved.","PeriodicalId":46971,"journal":{"name":"Journal of Competitiveness","volume":" ","pages":""},"PeriodicalIF":7.3,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43018181","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Our extensive literature review shows that innovations are fundamental to maintaining competitiveness at both micro- and macro-economic levels. In this study, we address how to improve the measurement of innovations and their impact on a country’s competitiveness and economic growth. We provide an overview of indicators used to measure innovations and propose three new ones that are supposed to capture knowledge spillover: The Foreign Knowledge Inflow, Domestic Knowledge Outflow, and General Propensity to Patent. Innovation was proxied by the number of patent applications, which we supplemented with indexes measuring the origin of knowledge and its transfer. We employed the system GMM method on panel data of 56 countries for 2002–2019 to confirm and compare the informational value of standard innovation indicators and our indexes. Implementation of indexes revealed the counteracting impact of patenting on economic growth when the positive effect of innovation creation is weakened by knowledge disclosure. We provide evidence that a low propensity to patent facilitates growth. The impact of foreign knowledge on an economy is dependent on its technological capacity. The infusion of foreign knowledge boosts the growth of fast-growing economies but inhibits the growth of less technologically sophisticated ones. This supports our assumption that when researching the impact of innovations on economic growth, it is crucial to consider additional factors. Hence, index implementation appears to be the correct method.
{"title":"New Indicators of Innovation Activity in Economic Growth Models","authors":"M. Režňáková, Stanislava Stefankova","doi":"10.7441/joc.2022.03.09","DOIUrl":"https://doi.org/10.7441/joc.2022.03.09","url":null,"abstract":"Our extensive literature review shows that innovations are fundamental to maintaining competitiveness at both micro- and macro-economic levels. In this study, we address how to improve the measurement of innovations and their impact on a country’s competitiveness and economic growth. We provide an overview of indicators used to measure innovations and propose three new ones that are supposed to capture knowledge spillover: The Foreign Knowledge Inflow, Domestic Knowledge Outflow, and General Propensity to Patent. Innovation was proxied by the number of patent applications, which we supplemented with indexes measuring the origin of knowledge and its transfer. We employed the system GMM method on panel data of 56 countries for 2002–2019 to confirm and compare the informational value of standard innovation indicators and our indexes. Implementation of indexes revealed the counteracting impact of patenting on economic growth when the positive effect of innovation creation is weakened by knowledge disclosure. We provide evidence that a low propensity to patent facilitates growth. The impact of foreign knowledge on an economy is dependent on its technological capacity. The infusion of foreign knowledge boosts the growth of fast-growing economies but inhibits the growth of less technologically sophisticated ones. This supports our assumption that when researching the impact of innovations on economic growth, it is crucial to consider additional factors. Hence, index implementation appears to be the correct method.","PeriodicalId":46971,"journal":{"name":"Journal of Competitiveness","volume":" ","pages":""},"PeriodicalIF":7.3,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44470076","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A higher tax burden in individual countries need not always deter investors from investing profitably. Countries use tax burden levels in the form of changes in tax rates to attract foreign investment. The main objective of this study is to examine the tax competitiveness of the Slovak Republic compared to European Union (EU) countries (EU-27) and to evaluate the origin, extent, and form of investments from foreign investors in tangible and intangible assets in the Slovak Republic. To meet this objective, we first calculate the average tax rate for specific crossborder investments coming to Slovakia from all EU countries. To determine tax competitiveness, we compare the calculated effective average tax rate (EATR) with the EATR in individual EU countries. Finally, we perform an analysis of EATR and foreign direct investment (FDI) using cluster analysis, which categorises EU countries and evaluates their tax competitiveness. The analysis and comparison of values are conducted for the year 2019, while the countries are divided into old (EU-15) and new (EU-12) EU member countries. The article concludes that the calculated Slovak EART for cross-border investment is more profitable for old EU member countries and is, thus, more tax-competitive versus investors’ countries of origin. We can further state that the tax burden is among the most important indicators for investors and, thus, a lower EATR value than that in an investor’s country of origin contributes to the inflow of equity participation of FDI in Slovakia.
{"title":"An Effective Average Tax Rate as the Deciding Factor in Tax Competitiveness in the Context of Foreign Investment Influx","authors":"Alena Andrejovská, J. Glova","doi":"10.7441/joc.2022.03.01","DOIUrl":"https://doi.org/10.7441/joc.2022.03.01","url":null,"abstract":"A higher tax burden in individual countries need not always deter investors from investing profitably. Countries use tax burden levels in the form of changes in tax rates to attract foreign investment. The main objective of this study is to examine the tax competitiveness of the Slovak Republic compared to European Union (EU) countries (EU-27) and to evaluate the origin, extent, and form of investments from foreign investors in tangible and intangible assets in the Slovak Republic. To meet this objective, we first calculate the average tax rate for specific crossborder investments coming to Slovakia from all EU countries. To determine tax competitiveness, we compare the calculated effective average tax rate (EATR) with the EATR in individual EU countries. Finally, we perform an analysis of EATR and foreign direct investment (FDI) using cluster analysis, which categorises EU countries and evaluates their tax competitiveness. The analysis and comparison of values are conducted for the year 2019, while the countries are divided into old (EU-15) and new (EU-12) EU member countries. The article concludes that the calculated Slovak EART for cross-border investment is more profitable for old EU member countries and is, thus, more tax-competitive versus investors’ countries of origin. We can further state that the tax burden is among the most important indicators for investors and, thus, a lower EATR value than that in an investor’s country of origin contributes to the inflow of equity participation of FDI in Slovakia.","PeriodicalId":46971,"journal":{"name":"Journal of Competitiveness","volume":" ","pages":""},"PeriodicalIF":7.3,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43221073","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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