Economic Publishing Platform
Not a member yet
2446 research outputs found
Sort by
Digital transformation and corporate cash holdings in China\u27s A-share listed companies
No full textResearch background: In the digital era, digital transformation has become a strategic imperative for leadership agenda. Many firms have accelerated their pace in digital transformation to improve their performance and competitiveness. Despite increasing attention in the literature on the role of digital transformation in firms? operations, understanding the effect of digital transformation on corporate finance remains limited. This study focuses on cash holdings, which are essential for firms to survive and thrive.
Purpose of the article: The aim of this paper is to examine the critical role of digital transformation on the cash holdings of listed firms in China and provide micro evidence regarding the economic consequences of the digital economy from firm level. This study also aims to deepen our understanding of the influence of digital transformation on firms? operation and financial policy. Additionally, this paper attempts to provide relevant guidance for implementing policies to promote digital transformation and devise corresponding cash holding strategies.
Methods: The text analysis method is used to measure the degree of digital transformation of China?s A-share listed companies. The sample covers 19,337 observations from 2007?2020. A multiple regression model with firm and year fixed effect is developed to investigate the relationship between digital transformation and corporate cash holdings. In the robustness test, this paper substitutes the independent and dependent variables, and adopts instrumental variable estimation method. In the mechanism test, this paper uses the sub-sample regression method in the mechanism test.
Findings & value added: This study reveals that digital transformation can significantly reduce corporate cash holdings by alleviating the precautionary motive, agency motive and transaction motive of cash holdings. Further analysis shows that the negative effect of digital transformation on cash holdings is more profound in high-tech firms and non-state-owned enterprises. The methodology applied in this paper can be used in other economic research of firms. This study provides insights into the effects of digital transformation on corporate financial policy. This provides a solution for reducing firms? cash holdings. This study also deepens the understanding of digital transformation from a corporate perspective
The mediating role of students\u27 ability to adapt to online activities on the relationship between perceived university culture and academic performance
No full textResearch background: The COVID-19 pandemic has affected higher education globally and disrupted its usual activities, according to differing perspectives. The ability to adapt to online activities was an important factor for many researchers during the pandemic period.
Purpose of the article: In this article, the authors are studying the ability of the students to adapt to online activities, and also the direct and indirect effect on their academic performances.
Methods: The data was collected with a questionnaire and the respondents are students from Romanian Universities. The analysis was made with an econometric model by using the PLS-SEM methodology. The goal of the paper was to find and analyse the factors used to perform academic online activities during the pandemic period.
Findings & value added: The results of the paper validate the research hypotheses formulated in the introductory part and confirm that the students? academic performances are a direct result of many factors, such as: system parameters, personal demand, personal commitment, and regulatory environment. The identification of the exogenous variables with significant impact on the students? performances through online activities could help the management of the universities to implement the positive aspects and to reward them for their efforts while preventing from resilience to change. The higher education system has to acknowledge that flexible online learning opportunities are needed by students to fit their coursework around their employment and family responsibilities
Selected Rescue Problems including means of transport during Pandemic of the Covid-19
No full textThe work concerns selected rescue problems, including the handling of the 112 emergency number during the Covid-19 pandemic in Poland. The 112 number is valid throughout the EU, it is used only to notify in emergency situations of threat to health, life, or property. As social practice shows, disruptions in its functioning, including unjustified reports, significantly increase the costs of its operation, and in extreme cases may lead to failure to provide assistance to those in need. The ongoing pandemic has left a significant mark on many aspects of life, including the operation of rescue systems responsible for the safety of citizens in the country. The co-author of the work during the service of the 112 emergency number noticed some problems and disadvantages related to the rescue operation in crisis management. This was the reason for presenting this issue in the form of a publication. Selective problems of rescue in crisis management related to the ongoing pandemic were indicated. There are problems with the lack of strength and resources of the State Medical Rescue, the emergency notification process itself also requires improvement, as evidenced by the responses of the respondents - 112 operators. Not all identified defects are presented in the publication. The list of problems indicated by the respondents is longer, not always related to the pandemic. Only appropriate changes in the management of the rescue system are able to improve the quality and efficiency of the system. The utilitarian solutions presented in this publication can serve this purpose
Comparative analysis of the functionality of centralized and distributed LEU
No full textThis article addresses the centralized LEU (Lineside Electronic Unit) encoder used in ERTMS/ETCS Level 1 (European Rail Traffic Management System / European Train Control System). It is explained what a centralized LEU encoder is and why this solution offers more possibilities than a distributed approach. Also explained the general principle of the encoder and how it works with switchable Eurobalise. The paper also juxtaposes how it works with and connects to the interlocking system in both the distributed and centralized approaches. The differences between the centralized and decentralized LEU encoder in diagnostic and management capabilities are also described
Standardy raportowania niefinansowego na przykładzie wybranych zakładów ubezpieczeń w Polsce w latach 2018-2020
No full textW ostatnim czasie coraz ważniejszym elementem zarządzania i podejmowania strategicznych decyzji przez przedsiębiorców i interesariuszy jest możliwość porównania i oceny działalności przedsiębiorstw przez pryzmat informacji niefinansowych. Znajduje to odzwierciedlenie w legi-slacji unijnej, która nakłada obowiązek ujawniania informacji niefinansowych przez największe przedsiębiorstwa, których w Polsce jest około 300. Niniejszy artykuł przedstawia istotę, przyczy-ny oraz skutki raportowania niefinansowego, a także rodzaje standardów sprawozdawczości niefinansowej. Celem artykułu jest analiza rodzajów standardów raportowania niefinansowego zakładów ubezpieczeń w Polsce. Badaniem zostały objęte raporty niefinansowe sporządzone w latach 2018?2020 przez zakłady ubezpieczeń prowadzące działalność w Polsce według stanu na 31.12.2020 r
Jakość informacji prezentowanych w sprawozdaniu niefinansowym na przykładzie sektora ubezpieczeniowego
No full textCelem artykuły jest przedstawienie zasad prezentowania informacji niefinansowych oraz ocena ich jakości na przykładzie sektora ubezpieczeniowego. W artykule przeprowadzono za-równo analizę literatury naukowej, jak i ocenę zawartości (treści) raportów niefinansowych wy-branych zakładów ubezpieczeń. W pierwszej części artykułu dokonano przeglądu literatury przedmiotu, dotyczącej sprawozdań finansowych i niefinansowych, zakresu sprawozdawczości niefinansowej zakładów ubezpieczeń oraz jakości sprawozdań niefinansowych. W drugiej części zbadano zakres informacji ujawnianych w raportach niefinansowych zakładów ubezpieczeń z polskiego rynku ubezpieczeniowego. Ba-daniem zostały objęte raporty niefinansowe sporządzone przez wybrane zakłady ubezpieczeń w latach 2018?2020, opublikowane na ich stronach internetowych
Uregulowania prawne reklamy w mediach
No full textCelem artykułu jest przedstawienie podstawowych uregulowań prawnych z zakresu reklamy w mediach. W artykule omówiono kwestie reklamy w ustawie prawo prasowe oraz ustawie o radiofonii i telewizji. Ponadto omówiono zagadnienia prawne reklamy w Internecie. Wskazano, iż w Polsce nie istnieje jeden akt prawny, który stanowiłby zbiór przepisów kompleksowo regulujących różne aspekty reklamy. Przepisy regulujące funkcjonowanie rynku reklamy zostały podzielone na ogólne prawo reklamy i prawo reklamy szczegółowe
Wpływ wojny w Ukrainie na wysokość inflacji w Polsce
No full textInflacja jest wzrostem cen towarów i usług oferowanych na rynku. Ze względu na swoją złożoność ma istotny wpływ na funkcjonowanie gospodarki państwa. Wybuch wojny w Ukrainie przyczynił się do znaczącego wzrostu inflacji w Polsce, co skutkuje wieloma negatywnymi konsekwencjami dla społeczeństwa. W artykule wyjaśniono czym jest inflacja, opisano jej rodzaje i zaznajomiono się z metodami jej pomiaru. Przeanalizowano przyczyny występowania inflacji oraz objaśniono jej skutki, zarówno te negatywne jak i pozytywne. W dalszej części artykułu, na podstawie danych statystycznych przedstawiono związek działań wojennych prowadzonych na terenie Ukrainy, ze wzrostem ogólnego poziomu cen dóbr i usług w Polsce
Did the COVID-19 pandemic amplify the positive impact of income diversification on the profitability of European banks?
No full textResearch background: The contribution of banks? non-interest income to the total income becomes particularly important in the face of a severe financial crisis, usually accompanied by burdensome restrictions in economic activity, insolvencies of enterprises and households and low interest rates of central banks.
Purpose of the article: This study investigates banks in 40 European countries to determine whether non-interest income had a significant impact on the bank?s profitability and whether the severity of the COVID-19 pandemic influences the form of this relationship.
Methods: This study used a linear cross-section model using bank-level data. In the model, the bank?s profitability was regressed with the measure of income diversification, controlling for the pandemic?s intensity and the state of the country?s economy and bank characteristics. Banking data were obtained from the S&P Global MI. The Oxford COVID-19 Government Response Tracker (Hale et al., 2021, pp. 529?538) was the source of pandemic-related variables.
Findings & value added: The obtained results indicate that the increases in non-interest income share in the bank?s total income have a statistically significant positive impact on profitability for the European banking sector. The dependence of profitability on diversification was stronger with the growing adverse effects of the pandemic. Our results are in line with those for the US banks (Li et al., 2021) and the European Central Bank Banking Supervision?s assessment that higher non-interest income has allowed banks? profitability in the euro area to be maintained at a pre-pandemic level (ECB, 2021). In addition, the study contributes to previous literature by testing the impact of the severity of the COVID-19 pandemic on the relationship between income diversification and bank profitability in 40 European countries
Export risk perceptions of SMEs in selected Visegrad countries
No full textResearch background: Export activities are crucial for SMEs\u27 growth and income since they enable businesses to expand abroad. However, SMEs encounter some export impediments, including legislative, tax-related, and cultural-linguistic differences, which increase their export risk. Moreover, since different legislative, tax-related, and cultural conditions affect SMEs\u27 export activities, SMEs\u27 perceptions regarding export obstacles might also differ.
Purpose of the article: This paper aims to determine whether the SMEs\u27 perceptions of export barriers in selected Visegrad countries differ.
Methods: The researchers employ a random sampling method to create the research sample and create an Internet-mediated questionnaire to collect the re-search data, including 408 SMEs from the Czech Republic, Slovakia, and Hungary. The researchers ran ANOVA analyses with the Gabriel Post Hoc test to find differences between those SMEs.
Findings & value added: The results reveal that the perceptions of Czech and Slovak SMEs differ regarding legislative and tax-related export barriers. On the other hand, the perceptions of SMEs from various countries do not differ concerning cultural-linguistic export barriers. Unfortunately, there is a lack of studies comparing the perceptions of SMEs from Visegrad countries regarding legislative, tax-related, and cultural barriers. Thus, evaluating this topic from an international perspective brings novel findings and fills this research gap. Therefore, policymakers, SMEs, governments, public institutions, and academicians might gain benefits from the results of this unique research