Open Access
Review
SciPap-1619
Data Value Chain in Platform Business Models
by Markéta Mlčúchová
Abstract: Building on a unified definition and the main attributes that have been identified for platform business models, this paper aims to devise a unified data value chain and shed a new light on the value creation process within platform business models. To meet the main aim of the paper, the following research question is addressed: “How do platform business models create, deliver and capture value through their business model configurations?”. Through an integrative literature review, this paper confirmed that data is the major asset in value creation through platform business models. Furthermore, this paper has devised a unified data value chain that encom-passes sequential forms of digital data such as raw data, pre-processed data, processed data, patterns and smart data, gaining value via numerous processes throughout the data value chain. It was highlighted that interlinked processes throughout the data value chain transformed raw data into the most valuable form of data, knowledge.
Keywords: Platform Business Model, Digital Data, Digitalisation, Value Creation, Data Value Chain
JEL classification: M21, F23
Open Access
Article
SciPap-1549
Job Insecurity According to the Classification of Occupations in the Czech Republic
by Denisa Karolyová, Zuzana Dohnalová, Sandeep Kumar Dey
Abstract: Job security for most working population is crucial in ensuring living standards. The main goal of this article is to find out, based on the analysis of employment, unemployment, vacancies, and wages in various job categories in the Czech Republic between 2015 and 2022, which job groups are most prone to job insecurity and job loss. Data from the Information System on Average Earnings (ISPV) and MLSA portal were used to analyse the structure of job seekers and job vacancies and to establish employment and wages. Data were processed using descriptive statistical methods. An evaluation of the variance was performed among the selected variables. A t-test was used to measure differences in job security between the observed employment categories. The results show that higher-skilled worker requirements characterize the best job classes regarding job security and wages. On the other hand, the unstable job categories with high unemployment rates and low wage rates were support and unqualified jobs and service and sales jobs. A final important finding is that firms are creating jobs with low educational requirements, which may indicate stagnation in future job innovation.
Keywords: Employment, Abour Market, Job Quality, Job Security, Job Stability, Labour Market Insecurity, Job Seekers
JEL classification: J01, J21, J23
Open Access
Article
SciPap-1615
How Foreign Direct Investment, Trade Openness, and Productivity Affect Economic Growth: Evidence From 90 Middle-income Countries
by Khoa Dang Duong, Suu Duy Nguyen, Thi Thanh-Phuong Phan, Long Luong
Abstract: This paper examines the relationship between total factor productivity, trade openness, and foreign direct investment to economic growth in 90 middle-income countries from 1990 to 2020. We employ the Generalized Method of Moments with country and period fixed effects to overcome heteroscedasticity and endogeneity issues. The findings indicate a percentage increase in net FDI inflows and Trade Openness improves economic growth by 0.13% and 0.19%, respectively. However, total factor productivity negatively impacts growth due to the improper allocation of resources across sectors. Our paper contributes policy implications to develop economies sustainably. Finally, our findings support comparative advantage (Ricardo, 2015), the internalization theory of Buckley and Casson (1976), and industrialization theories.
Keywords: Economic Growth, Trade Openness, Fdi, Total Factor Productivity, Middle-Income Countries
JEL classification: B17, B27, F43
Open Access
Article
SciPap-1622
The Impact of the Covid-19 Pandemic Aspects on the Quality of Health Services in Jordan
by Rula Hani Alhalaseh, Sumayya Maaiatah
Abstract: This study is a combination between quality management and crisis management within a vital sector, i.e., the health sector, which requires continuous improvement and sustainability of its services that guarantee quality standards. This study aims to investigate the impact of the Covid-19 pandemic on the quality of health services in Jordan. An electronic national survey was designed and distributed after conducting the pilot study consisting of 50 respondents. The data was collected from 334 COVID-19-infected patients and non-infected patients who benefited from the medical services in Jordan. The results of the SEM-PLS confirm a statistically significant positive impact of Corona pandemic on the quality of health services. In addition, it shows a high agreement on the health service quality level. This study concludes that Jordan, like the countries of the Eastern Mediterranean and North Africa (MENA), has suffered from the effects of the Corona virus, and this crisis creates many challenges and threats to its healthcare systems. Therefore, researchers pointed out some recommendations for top management and decision-makers that the government should formulate flexible and long-term health strategies that can deal with sudden events and situations, guided by the information from this study.
Keywords: Quality Management, Jordan, Quality Of Health Services, Corona Pandemic
JEL classification: C12, H11, H75, I0, I18, M1, M11
Open Access
Article
SciPap-1606
Creating Smart, Sustainable Cities: Results from Best Practice Smart Cities and Cities in Slovakia
by Dominika Šulyová, Milan Kubina
Abstract: In light of current climate change concerns, it is not enough to create only Smart Cities but it is important to create Smart Sustainable Cities. Countries like Slovakia have not been adequately considering these issues as much as they should. Responding to the opportunity to fill a research gap, primary research has been conducted for this article that seeks i) to use results from previous research to compare currently identified elements influencing the development of a sustainable Smart City concept in Slovakia with best practice cities around the world; and ii) to identify those elements that have achieved a statistically significant correlation with the conceptualisation of Smart Cities in Slovakia. Research data were collected through sociological interrogation, processed in a statistical programme and subsequently evaluated. The findings point to key elements in developing Smart Cities such as trust, state support and adapting to change. The main output is a general model for conceptualising a Smart City. It can be utilised by strategic city management, fellow researchers and residents of a city implementing it in their own practices. The model reflects social, environmental, technological and managerial aspects. Further research into the model and subsequent verification are planned in future.
Keywords: Slovakia, Sustainable Development, Climate Change, Smart Cities, Technology, Urbanization, Limited Resources
JEL classification: O13, Q56, Q01, R11
Open Access
Article
SciPap-1556
Can Information From Publicly Available Sources Reveal Manipulation of Financial Statements?
by Eva Hýblová, Alena Kolčavová, Tomáš Urbánek, Zora Petráková
Abstract: Financial reporting is a source of information used as a basis for economic decisions. It is a basis for the calculation of financial indicators that serve to evaluate the financial health of a company. Statements that are accurate and provide trustworthy information are a prerequisite for an enhancement of company competitiveness on national and global markets. Research into and studies on the accuracy of the information contained in statements show that statement creators use manipulation to improve accounting entities' image. The aim of this paper is to verify whether ordinary users of financial statements can rely on the veracity of the information contained in the financial statements published in the usual way in available sources. The research subject was financial statements of entities listed in the TOP Czech and TOP Slovak ranking within the revenue category. We investigated whether statements show an indication of accounting data manipulation using the CFEBT (cash flow earning before tax) method and a method aimed at verifying the linear dependence between earning before tax (EBT) and cash flow (CF). The empirical results yielded interesting findings. They showed that the disputable item is the results of accounting estimates, which are often influenced by subjective decisions made by the financial statements creators.
Keywords: Creative Accounting, CFEBT, Accounting, Financial Reporting, Model Comparison
JEL classification: M40, M41
Open Access
Article
SciPap-1605
Sustainable HRM Practices for a stronger Employer Brand: Leveraging Organizational Culture
by Aydan Huseynova, Jana Matošková
Abstract: The business of the current era intends to show competitive advantage for a long run in order to get more profits and stay alive in the markets. Getting a competitive advantage is highly related to human resource management (HRM). Companies build a distinct employer brand based on their competitive advantage; however, the role of organizational culture to support the transition of companies to get a powerful employer brand is rarely studied. Consequently, the main purpose of the current study is to determine the mediating role of organizational culture (engagement and productivity) in the relationship between sustainable HRM practices and employer branding. The survey research design was used and data were collected from 420 employees of Azerbaijani organizations using a convenience sample strategy. The findings of the path analysis using AMOS revealed the partial multiple mediating role of organizational culture (engagement and productivity) in the relationship between sustainable HRM practices and employer branding. Moreover, as far as the individual mediating role is concerned, the mediating role of organizational engagement is stronger compared to productivity. The findings highlighted that by implementing Sustainable HRM practices and maintaining an engaged organizational culture in the employer brand, employers can meet their employees' various requirements and expectations while maintaining a consistent company image.
Keywords: Organizational Culture, Employer Branding, Sustainable Hrm, : Human Resource Management, Person-Organization Fit Theory.
JEL classification: M, M12
