Economic and Business Review (EBR)
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362 research outputs found
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The value of foreign ownership
No full textWe use firm level data on cross-border mergers and acquisitions and share prices to explore the extent to which foreign ownership increases the profitability of firms in emerging markets. We find that cross-border ac¬quisitions add value to target firms. However, there is only weak evidence that such acquisitions add more value than purely domestic acquisitions. Further, most of this latter effect occurs when the target firm’s country is in a crisis
Firm size and the extensive margin
No full textIn this paper we rely on firm-product-destination level data to analyze Hungarian trade expansion between 1992 and 2003. We decompose trade growth to the number of firms, the number of markets and products per firm, and analyze these dimensions by firm size. We also distinguish between new firms and continuing exporters. The results suggest that the majority of small exporters exit exporting after a few years, but the survivors grow very quickly in every dimension. Firm dynamics across size categories is intensive. Large exporters grow slowly, and macro shocks, destination market and product heterogeneity strongly affects their performance
Optimizacija procesa razreza po skupinah
No full textThe article proposes a method for solving a one-dimensional problem of cutting material in groups. The method is useful for large orders that, for technological and logistical reasons, cannot be fulfilled in one step but in several successive steps. The method has two stages. In the first stage, pairs of orders are calculated, which are combined into groups in the second stage. The method is carried out in the form of a computer algorithm of G- CUT and tested on a practical example
Razvoj modela kriterijev za odločanje o uvedbi elektronske hrambe dokumentov
No full textThe article deals with the importance and necessity of research on electronic storage of documents. No empirical research has been conducted in Slovenia on the relationship between regulatory complexity and its impact on decision-making when implementing electronic document storage in compliance with the law. The aim of the research is therefore to shed light on the issue of legally compliant electronic storage in the context of Slovenian regulations in comparison with other European countries and, based on the research findings, to propose recommendations for their development and the creation of a systematic approach and scientific knowledge on document storage. The research is not yet complete. The article proposes a conceptual multi-criteria model that allows organizations to choose their optimal solution for electronic storage. The model is in the testing phase. The success of the decision to implement electronic document storage can be significantly improved by the multi-criteria decision model. This is very important to support decision making in difficult situations where different indicators occur that influence the decision on the introduction of electronic document storage based on the defined criteria. The initial results of the study show several important findings that may strongly influence the normative regulation of electronic document storage in the future
Robust estimates of exporter productivity premia in German business services enterprises
No full textA large and growing number of micro-econometric studies show that exporting firms are more productive than firms that sell their products on the home market only. This so-called exporter productivity premium qualifies as a stylized fact. Only recently researchers started to look at the role of extreme observations, or outliers, in shaping these findings. These studies use micro-econometric methods that are robust against outliers to show that very small shares of firms with extreme values drive the result. The large exporter productivity premium found for samples of firms including outliers are dramatically smaller in samples without these extreme observations. Evidence on this, however, is limited so far to firms from manufacturing industries. This note adds comparable evidence for firms from the business services industries. We find that the estimated exporter productivity premium is statistically significant and relevant from an economic point of view when a standard fixed effects estimator is used to control for unobserved firm characteristics, but that it drops to zero when a robust estimator is applied
When a promotion is denied: the effects of decision stage on perceptions of promotion and price fairness
No full textMarketers frequently use promotions to enhance sales and increase consumers’ perceptions of value. However, most promotions usually come with restrictions, such as time expiration, quantity or product model restriction, etc. In the present research, the effect of the stage in the purchase process when the consumer finds out about the restriction is investigated. The findings indicate that the later in the purchase process the consumer discovers the restriction, the greater is the perception that the effort invested into the purchase is wasted, consequently resulting in lower promotion and price fairness. This effect is mediated through the feeling of entitlement to the promotional price and the inferred negative retailer’s motive for the promotion. Theoretical and managerial implications are also discussed
Information system maturity and the hospitality enterprise performance
No full textThe purpose of this paper is to empirically evaluate the relationship between the maturity of hotels’ information systems and their performance. This study uses customized models of information system (IS) maturity and hotel performance measurement. Since we wanted to include the intangible aspects of performance, we opted for an adapted application of the Balanced Scorecard model. In the empirical part of the paper, fundamental constructs of the model are verified, while the individual items are further evaluated by employing discriminant analysis to distinguish hotels with relatively low and high performance levels. The findings demonstrate the existence of a significant and positive relationship between IS maturity and two dimensions of performance in the hospitality industry – process quality and guest relationships. The level of employee development and financial performance do not seem to be related to IS maturity. Although representative, the sample is relatively small, and the primary data were collected in a single country. The paper provides a framework of IS maturity items in the hospitality industry which seem to contribute to hotels’ business performances. As such, it can serve as a practical framework relevant for IT management in tourism and hospitality. The paper addresses a topic already discussed in a range of industries, although it does not seem to have been empirically evaluated by many studies of the tourism and hospitality industry. In addition, a new theoretical model of IT maturity in tourism and hospitality is proposed
Are Pakistani consumer Ricardian?
No full textThe purpose of this study is to check the Ricardian Equivalence Hypothesis in case of Pakistan by using annual data for the period of 1973-2009. Government expenditure, private consumption expenditure, tax revenue, government debt, disposable income, government budget deficit and wealth are the variables which are used for analysis. Cointegration results show a long run relationship among the variables. Results of structural form consumption function invalidate the Ricardian Equivalence Hypothesis in case of Pakistan. These results draw attention towards the significance of fiscal policies in boosting private consumption and controlling budget deficits, which are the prime goals of stabilization policies in Pakistan
The impact of a responsive and proactive market orientation on innovation and business performance
No full textThe purpose of the presented empirical study was to examine the impact of a responsive and proactive market orientation on the degree of novelty, innovation performance and business performance. Data obtained from 325 Slovenian companies that introduced product, process, marketing and organisational innovations during the 2005-2007 period were analysed via structural equation modelling. The main findings reveal that only a proactive market orientation is positively related to the degree of novelty, whereas no support was found for the direct impact of both market orientations on innovation performance and business performance
Comprehensive management of project changes
No full textThe goal of this research was to examine how project changes can be prevented, and how to reduce their negative impact. Theoretical research examined risk management, project control and change management. Based on the study a “Comprehensive Change Management Model” was developed and verified after conducting empirical research in Slovenian enterprises. The research confirmed that risk management identifies possible changes and reduces their impact; project control ensures the timely detection of changes and an efficient response, while formal change management ensures the effective implementation of changes. The combined functioning of all three areas ensures effective project execution