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Polona Tominc, Maruša Krajnc, Klavdija Vivod, Monty L. Lynn and Blaž Frešer

Abstract

Changes regarding the importance of graduates’ competences by employers and changes of competences themselves are to a great extend driven by the technological changes, digitalization, and big data. Among these competences, the ability to perform business and data analytics, based on statistical thinking and data mining, is becoming extremely important. In this paper, we study the relationships among several constructs that are related to attitudes of economics and business students regarding quantitative statistical methods and to students’ intention to use them in the future. Findings of our research provide important insights for practitioners, educators, lecturers, and curricular management teams.

Open access

Ksenija Dumičić, Ivana Skoko Bonić and Berislav Žmuk

Abstract

The aim of this paper is to analyse the influence of the development level indicators on the e-commerce, i.e. on the online purchase by individuals, in selected European countries in 2013. In the analysis, the main variable under study and all the independent variables are included as standardised. Based on nine variables, the principal component analysis with varimax rotation was performed and the two extracted factors were used as the regressors in the multiple regression analysis. In the regression model both components, Factor 1, which includes seven variables, called Prosperity, Investing in Education and IT Infrastructure, and Awareness, and Factor 2, comprised of two variables, called IT Skills, are statistically significant at the significance level of 1%. Both factors show a positive correlation with the online purchase of individuals. Inclusion and analysis of distributions and impacts of even nine independent variables, which make up two distinct factors affecting the e-commerce, make a new contribution of this work.

Open access

Michał Brzozowski and Joanna Siwińska-Gorzelak

Abstract

The aim of this paper is to shed light on the public and private sector interdependencies in the international financial market. Using annual data on sovereign and private sector external indebtedness for 95 emerging and developing countries in the 1970-2012 period it looks at the relationship between the level and structure of public external debt and the likelihood of private sector entry in international bond and loan markets. The private sector entry in the offshore loans and bonds markets is shown to be conditional on the amount of public sector external debt. The relationship is complex but in general the saturation of the financial market with external government liabilities renders the private sector entry into the bonds’ market more difficult.

Open access

Jan Baran

Abstract

This paper analyses changes in overeducation incidence in Poland in 2006‑2014. It finds that a rise in number of tertiary educated workers outpaced an increase in number of jobs requiring tertiary education, which resulted in a substantial growth of overeducation incidence. The overeducation increase was driven mainly by mild overeducation rather than severe overeducation. Overeducated workers are usually young with little job experience. Women are found at lower risk of severe overeducation compared to men, but relatively more at risk of mild overeducation. A low risk of overeducation is associated with having studied technical and health programmes.

Open access

Dominika Machowska

Abstract

The paper investigates the optimal allocation between defensive and offensive advertising efforts in a dynamic, growing market in which two companies are competing for market share. The study described in this paper extends the existing literature on dynamic advertising competition by considering a market that is in the growth phase and by including the heterogeneous decay rate of market share. A modified Lanchester is employed to describe the dynamics of market share by model. The goal of companies operating in this domain is to maximize their profits over a finite decision horizon. Based on the differential game approach the Markovian Nash strategies for offensive and defensive advertising activities are determined. Additionally, an analysis of the extent to which this solution is sensitive to changes in potential market and the rate of customer churn is made.

Open access

Afroza Ahammed Shimu and Md. Shahidul Islam

Abstract

The ready-made garments (RMG) sector of Bangladesh is considered as a key driver for the Bangladeshi Economy. This paper tries to examine the impacts of macroeconomic variables on the RMG export growth of this country. For this purpose, secondary data was collected from various sources. Multiple linear regression model was applied to measure the effects of macroeconomic variables on the RMG export growth. Trade Entropy and the Competitiveness Index were applied to understand the status of RMG sector in the world market. After that, to check the accuracy of the regression model, three types of econometric problems were tested in this study. Firstly, heteroscedasticity problem was tested by graphical presentation. Secondly, auto-correlation problem was tested by Durbin Watson test. Thirdly, multicollinearity problem was tested by correlation matrix and Variance Influence Factor (VIF). The empirical results show that for every unit increase of the growth rate of official exchange rate, inflation rate, real interest rate, and female unemployment rate; the growth rate of RMG export decreases by 1.159, 0.055, 0.034, and 0.068 units, respectively.

Open access

Aleksander Kaczmarek, Krzysztof Przybyszewski, Dorota Rutkowska and Honorata Sosnowska

Abstract

The aim of this paper is to check whether mathematical competences influence some manifestations of bounded rationality. A special example of bounded rationality called “framing effect” is dealt with to analyze empirically the thesis that mathematical competences and cognitive effort may reduce the framing effect. Two kinds of cognitive effort: probabilistic and deductive are analysed. Experiments were conducted using samples of Polish students, both mathematically and business oriented. As an example of a framing situation an example called “Asian disease”, (the first analyzed and the most popular example of the framing effect), is considered. The thesis that a mathematical background may diminish the occurrence of the framing effect was partly confirmed.

Open access

Şayan Berber, Mahmut Köle, Mustafa Emre Taşçı and Esin Can

Abstract

The purpose of this study is to investigate all related studies that have been published between the years of 1989-2015 in the area of the born global (BG) phenomenon that enumerates the firms which are becoming active in the international market arena by using the methodology of thematic analysis. From the Web of Science Core Collection, 198 articles have been included which have been examined in detail according to their distribution throughout the years, types, focused subjects, writers, institutions, publishing houses and countries. This study is critical as it analyzes the subject of BGs / international new ventures (INVs) with their ever-mounting number, and the effects in the global market during the past three decades by reviewing related research under a systemized thematic umbrella and its importance in regards to significant contributions by defining four thematic top-groups (organizational, sustainability, internationalization, research) with detailed subgroups.

Open access

Magda Zupančič

Abstract

In developed economies, where the work input exceeds the physical input, the lack of harmonised and standardised rules of human capital assessment is visible. The mentioned indicates the deficit of an important part of the comprehensive value-added assessment. What do we lose by ignoring the important part of the employee’s value added in the working process? Companies underestimate the employee’s human capital input. Consequently, society typically does not recognize invisible sources of value added in companies. The goals of this article are to highlight the missing human capital (HC) element at the company level assessment and to raise the awareness about its importance. By analysing existing methods of coping with the mentioned challenge, no harmonised solution is evident. By the increasing share of the service sector, emphasis on the HC element should be monitored more closely. The article focuses on the missing and invisible human capital elements in the framework of the value added; it offers suggestions for inclusion of the human capital factor in the process of company’s value added assessment as well as reflections on further steps in this direction.

Open access

Alidou Ouedraogo

Abstract

The underlying causes for the low representation of women on board directorships has been the subject of considerable research when viewed in the context of North American, European and Asian economies and markets. In Africa, very few studies exist that examine this reality even if the socio-economic situation increasingly requires it. Indeed, women are a pillar of the social and economic life of African countries, as they constitute the equilibrium point of family stability and contributors to various essential economic activities alongside men in their community and country. This central role of African woman in all civic endeavours stands in stark contradiction to their general absence on the Board of Directors of most African companies. Although a recent ADB study indicates that the percentage of African women on boards is higher than on some other continents’ nonetheless, the fact remains that this low representation is astonishing. This research aims to understand the cause and effect relationship and to identify the determinants of this low representation of women as sitting board members. It is based on semi-structured interviews with women who are voting members on existing Boards of Directors of large firms in the public and private sectors. It shows that the low representation of women in boardrooms is explained more by socio-cultural factors rather than any organizational flaws or personal issues with these women.