bluuebunny/crossref_metadata_2025 huggingface dataset:
Usage of P/E earning models as a tool for valuation of shares in condition of global market
Authors: Chutka Jan , Kramarova Katarina
Published: January 2020

With the rapid development of computational technology, non-traditional mathematical and statistical methods have also parallely developed to help simplify and accelerate the computation of certain tasks, or even to solve problems that are usually unsolvable. The aim of this paper is to get closer to the P/E earning models and briefly summarize their calculation and usage options. In the first part of our paper we briefly worked out the theoretical basis of these models. Furthermore, we focused on a detailed description of their calculation and use in calculating the value of shares. In the second part of the work we focused on the application of the calculation of the selected P / E model to Apple inc. in the course of 2018 and compared the data obtained with another instrument to identify the intrinsic value of the action. In the last part we focused on the interpretation and summary of the results of the application. We consider the greatest added value of our contribution to be a theoretical comparison of different types of calculation and deeper application of the selected model to real market prices of Apple inc. with the interpretation of the results obtained. We can conclude that the aim we have set is met and we believe that our article will be a valuable addition to the issue in this area.
Public interest entities in the context of accounting and auditing legislation in the wake of the globalization process
Authors: Kňažková Veronika , Ondrušová Lucia
Published: January 2020

Public interest entities are understood to be accounting units that are governed by the accounting legislation as well as auditing legislation. Both regulations, however, define differently the public interest entities. Part of the public interest entities are treated equally in both legislations and are considered to be public interest entities and some of them do not. this is different depending on the specific legal regulation. While accounting and auditing are separate areas of research, there is a link between them and auditing is significantly dependent on accounting because its role is to examine and analyze the accounting of a particular entity. Due to their interconnection as well as to the area of investigation itself, it would be appropriate for both legislation to treat the same group of entities as public interest entities as the individual regulations have specific requirements for this group of entities, which are public interest entities. Our aim is to clarify and present the issues in question in terms of accounting and auditing with emphasis to express its own conclusions. In order to fulfill our stated goal, we apply a method of comparison, analysis, deduction, through which we present the definitions of public interest entities in terms of accounting and auditing legislation, compare and analyze them. Finally, we formulate our own view of which entities should be considered public interest entities.
Trademark evaluation of the selected company in the aspect of globalization
Authors: Kubjatkova Anna , Kolenčík Juraj
Published: January 2020

The awareness of intangible assets is growing more and more today. Compared to the past, we are much more aware of the existence of a certain intangible substance which, together with the material substance, constitutes the value of society. Determining the value of an enterprise’s intangible assets on a global scale is becoming increasingly important as the value of an enterprise is not made up of only its tangible assets but its intangible side. An obvious part of intangible assets is also a trademark. The trademark is now much more important for companies, also due to globalization. It is an essential part of the company’s intangible assets, which is very often underestimated and therefore it is necessary to choose the right procedure for determining the value of all its components. As a result of globalization and comprehensive marketing strategies are trademark valuation methods gradually beginning to unite around the world. The main aim of this work was to choose a suitable valuation method of a trademark and to calculate its value in a selected company. We chose this aim because evaluation of the trademark appraisal is very often a difficult topic for businesses and the general public.
Promotion of innovative medical institutions in the era of globalization and economic knowledge
Authors: Pashkus Natalia , Starobinskaya Nadegda , Shvetc Petr
Published: January 2020

In the context of globalization and economic knowledge, the sector of innovative medical services is becoming one of the determining factors in ensuring the high innovative potential of the country, ensuring the health and high quality of life of the population and creating conditions for a powerful spurt of economic growth. Therefore, the purpose of this article is to identify mechanisms for the effective development of regional medical clusters. Countries that are able to provide innovative medical services at a high level have global appeal. At the same time, innovative medical institutions, possessing unique technologies and knowledge in the field of treatment and provision of medical services, do not always have experience and knowledge in the field of promotion, especially in the global market. The proposed analysis tool will allow identifying characteristic intervals for institutions of different types of changes in the important characteristics of their innovative potential and assess their position in the global market for medical services. The application of this procedure will allow to assess the level of competitiveness of innovative medical institutions in the global knowledge economy and highlight for them effective tools for strategic development.
Global context of disparities in earnings management among enterprises: Evidence from Slovakia
Authors: Valaskova Katarina , Durana Pavol
Published: January 2020

Earnings management is the use of accounting techniques to produce financial reports that present an overly positive view of corporate business activities and financial position. In the context of globalization and internationalisation, the phenomenon of earnings management and legal earnings shifting is an increasingly important issue, particularly in the field of taxation and financial accounting. Earnings management helps to achieve specific targets involving the manipulation of accruals through the discretionary choices of accrual accounting, Thus, the emphasis is given to accrual earnings management, which does not influence the corporate underlying economics but involves the change in the accounting presentation of these economics. The paper depicts the basic concepts of earnings management, reviews the mainstream studies and portrays the genesis of earnings models development. The main aim of the paper is to assess the ability of selected earnings models applied in the national environment of Slovakia, where the issue of earnings manipulation is still unexplored, to detect the problems with earnings manipulation considering individual industry sectors of the national economy. The comparative analysis of the results achieved helps portray the disparities in earnings management among Slovak business entities.
Applying behavioural economics in education: study of undergraduate practices of selecting higher educational institutions
Authors: Vevere Velga , Mons Arturs
Published: January 2020

Behavioural economics have become hot topic in research and debate in last few decades. In the context of behavioural economics, it is possible to summarize resemblances and create a system based on predication and regularities of errors, by analysing consumer’s behaviour, which allows to solve issues of future process development. In paper “Applying behavioural economics in education: study of undergraduate practices of selecting educational institutions” the authors identify key factors which influence undergraduates to choose higher education institution. The purpose of this paper is therefore to identify key elements of the behavioural economics that can be used to influence undergraduate selection development in favour of higher education institution. Additionally, within the framework of the study are applied insights of behaviour economics, which help guidance general understanding of undergraduate decision making. Particularly focusing on heuristics, that undergraduates are using to ease the complexity of decision making, which can lead to systematic errors and bias. This study per se synopsizes the definite findings of developing behavioural economics, which allows to apply this knowledge to study undergraduate choice in selecting higher educational institution. In this study were used numerous methods, including literature review, interviews with representatives of higher education and behavioural economics experts and surveying undergraduates.
Movement of autonomous systems after selected infrastructure as a globalization effect induced by initiate Industry 4.0
Authors: Botlík Josef
Published: January 2020

The replacement of specialized, highly sophisticated human work with systems using artificial intelligence is one of the features of the 4th Industrial Revolution known as Industry 4.0. The upcoming innovations and transformations of production processes, the digitized of information and the automation will bring about changes at the social level. These are mainly changes in the company’s behavior. There is a significant risk for specific groups of people, especially those that can be replaced by new information technologies. In the context of the current sixth wave of globalization, new forms of migration of people and capital can be expected related to transnational nature of productive activities, the global form of communications and information. In the context of socio-economic structures, an individual is confronted with a set of factors. The aim of an individual’s behavior is usually to change his localization with respect to the values of the preferred socioeconomic variables, such as availability of work, safety, air quality, etc. On the other hand, the position of an individual will influence the values of socio-economic variables. Behavior can be simulated using multiagent systems. The paper informs about the first phase of the research. Local maxima of factor values were identified.
Higher education require adaptation of students study abroad programs
Authors: Ferencz Vojtech , Hrehová Daniela , Seňová Andrea
Published: January 2020

Globalization includes transnational political, economic and cultural ideologies and values. Globalization has a significant impact on education as new positions can enter higher education and study abroad. The influx of foreign students in Slovakia increased significantly. Therefore, successful interaction with the school environment and constant adaptation to the country are crucial for all students. However, many students face challenges when they attend higher education outside their home countries. The article shows that various investigators have carried out a large number of studies on the factors that affect students’ ability to adapt to different global challenges. The article provides some results of students’ adaptation effects during the first year of the Technical University in Košice. in the Daily Life section, we recorded statistically significant results between groups (Ukrainian students and other foreign students). Globalization includes transnational political, economic and cultural ideologies and values. The findings of the research questionnaire have important meaning for educators to help students in their efforts to succeed in a period of globalization and in adaptation in real educational practice. The university must be prepared to meet students not only academically, but also socially and culturally.
Global communication environment For B2B markets
Authors: Hes Aleš
Published: January 2020

Currently, there is an unprecedented development of modern communication technologies in B2B markets. In the context of Industry 4.0, globalization influences are increasingly reflected in the new information technologies that are becoming the domain of communication in B2B markets. The manufacturing environment is shaped by the ability to work with Big Data Analysis, use computer simulation tools and augmented reality and today’s phenomenon is evolving in the processing and business environment - linking the Internet of Things, Services and People to Potential production environment. An important role in this global interconnection of both manufacturing and processing - business environments is played by the communication conditions determined by sufficient capacity computing power. One of the real preconditions for B2B markets is to make full use of the cloud-based platform based on the establishment of dedicated data centres with the possibility of using high level of Service Level Agreement for B2B business partners. The paper deals with the evaluation and analysis of the possibilities of digitalization development in the company space, to examine the new global communication environment by using cloud computing and its impact on the quality of information service for customers. The influence of intercultural communication on the behaviour of business partners is examined.
Innovations in the Creative Industry Entities
Authors: Majdúchová Helena , Kmety Barteková Mária
Published: January 2020

The aim of this contribution is to define the essence and specifics of innovations in the creative industry entities, to summarize and compare the results of two surveys carried out so far in this area and to outline the direction of further research carried out under the conditions of Slovak creative businesses. In the EU Member States, there are huge expectations associated with the creative industry. It is assumed that the CI will contribute to the recovery of the European economy and to the growth of its competitiveness. Based on the following findings, we can conclude that innovations in the creative industry is relatively little explored. Integrating creative industry into a broad sector of traditional industries can increase the competitiveness of enterprises to innovate and increase the economic value of their products and services.
Evaluation of the Effects of Digitization in the Process of Accounting Operations in a Selected Manufacturing Company
Authors: Stefanovova Zuzana , Bartkova Hana , Peterkova Jindra
Published: January 2020

The principles of industry 4.0 progressively penetrate into accounting. The process of accounting activities from entering accounting documents to posting accounting documents is now fully automated. Through digitization and artificial intelligence, the invoice is automatically read and recorded in the accounts. On the other hand, activities in the process of control of realized accounting operations, including financial management of the company, remain to the accountants. Digitization of invoices is based on converting from paper form by using document scanners to digital form. This is followed by automatic reading from invoices through AI which uses neural networks. Accounting Act is intended to define methods of using electronic documents, understanding accounting records. It will give the sufficient knowledge of the technology used and knowledge of employees to automate accounting operations. Despite this, digitization brings benefits in terms of time savings, lower costs, and an overview of the volume of liabilities on invoices. The aim of the paper is to evaluate the effects of digitization of accounting operations through corporate economic data. At the same time identify the main problems that arise during digitization. Case study will document the findings. The business data of a particular company and data from the Czech Statistical Office will be used for processing.
In a world of globalization – company valuations of industrial corporates and digital natives
Authors: Balzer Raphaela
Published: January 2020

When Brian Arthur referred to a “split” globalized business world in 1996, he distinguishes between industrialized companies from the “Marshall” world and networked technology companies in a world of complexity. By transferring this fundamental split to the era of digitalization superseding the era of industrialization, the question whether digital native companies outperform industrial corporates remains unanswered. Therefore, by using the financial concept of PVGO for company valuations and cluster analysis, the present paper tests the H0 hypothesis of the non-existence of digital native companies which drive market valuations beyond 1 trillion USD. One of the first key results of this paper reveals a clear tendency of digital native companies to dominate market valuations of equity, based on extra-ordinary high PVGO growth rates. Meanwhile, industrial companies exhibit a clear trend towards high PVEA rates which originate from stable cash flows of existing assets. This leads to the rejection of the H0 hypothesis and to the following conclusion: As the economic dominance of the digital players is reflected in concentrated market valuations, digital native companies outperform their industrial peers according to the notion that “the winner takes it all”.
Use of Open Data in the Development of the Digital Economy in the Knowledge Society in the Era of Globalization
Authors: Repkova Stofkova Katarina , Stofkova Jana
Published: January 2020

Process of electronization is one of the milestones in the development of technological processes that leads to an improvement in the quality of life of citizens. The process of electronization is taking place all over the world. From the world leaders in the field of digitization of processes and data it is necessary to solve many things in the Slovak Republic, the development is in the right direction. The concept of national disclosure and delivery of important information is being addressed. The implementation of new information communication technologies and the introduction of processes have improved the awareness of citizens and businesses. By introducing open data into datasets, it also helps businesses to perform their activities more effectively. Open data contains non-personal data that is accessible to all and can be freely used, reused and distributed by everyone. This means that a certain type of data is available to everyone, in order to use and publish it at their own discretion, without restricting copyright, patents, or other control mechanisms. Improving aspects include raising awareness among citizens and businesses, improving the content of institutions providing such data, and so on. As part of the International Digital Economy and Society International Study, as well as the National Digital Economy and Society Index, a number of researches have been carried out that describe information and digitization. The paper lists the results of the survey focused on the ongoing development of the digital services.
Creative industry as a key creative component of the Slovak economy
Authors: Rybarova Daniela
Published: January 2020

The global economy is understood as an economy of information, knowledge, creativity, networks and services. The creation of value in the economy is involved in the economic, social and cognitive mechanisms. The economic mechanism emphasizes the processes of cooperation and production, the social mechanism, in turn, communication and marketing techniques, the cognitive mechanism is based on human imagination and interpretation. Under the cognitive mechanism is meant creativity, the ability to bring new motive, ideas. Cognitive mechanisms are in value creation process complementary to economic and social mechanisms and they are capable of producing value separately. One of the approaches to measuring creativity is to define and analyse creative industries. The creative industries are industries in which “combine and overlap the fields of art, culture, business and technology. They create a cycle of creation, production and distribution, using their intellectual capital as primary capital [1]. The contribution of the creative industry lies in its cross-sectoral dimension with minimal territorial constraints. The article will focus on the definition of creative industries and the analysis of creative industries in the Slovakia. The method used was the analysis of trends in the form of percentage year-on-year change. The creative industry is the sensitive on the state and development of the economy in Slovakia.
The role of influencers in the consumer decision-making process
Authors: Zak Stefan , Hasprova Maria
Published: January 2020

In the contemporary globalised markets opinion leaders play a vital role in the process of the purchasing decision-making of consumers. Thanks to their individual skills, specific knowledge or their personality, opinion leaders have a direct or indirect influence on the attitudes and decisions of consumers. In the contemporary globalised marketing using social media, this role is taken over by the influencers who affect consumers with their thoughts, attitudes and opinions and thus, significantly influence trends in demand for particular products. Over the recent years, influencer marketing has become increasingly popular, representing a specific type of social media marketing. The aim of this scientific contribution is the systematization of knowledge about the position and roles of influencers as opinion leaders in the social media environment in order to identify their typology, influence factors and the intensity of their impact on consumer decision making process, based on the comparison of knowledge from the results of global research studies and the quantitative online research study processed by authors. The findings of the survey showed that the promotion of some products through influencers may be more advantageous than others. Influencers will have the greatest impact when buying clothes, shoes, cosmetics and, surprisingly, services. Meanwhile, people rely heavily on other factors to buy food, jewellery and electronics, but it is not excluded that influencer marketing could affect them as well.
Applying socially responsible entrepreneurship in tourism businesses
Authors: Botlíková Milena , Botlík Josef , Stuchlíková Jana
Published: January 2020

The current global world is recording and progressively developing tourism industry by the expansion of hotels and catering facilities. The development of tourism is inextricably linked with positive impacts such as growth of employment, increase in business activities, etc. On the other hand, the connection between tourism and global problems has been actively discussed in recent years. With the development of tourism occurs to the congestion of destinations, globalization brings degeneration of national cultures, grow gas emissions, soil erosion and increased waste production. The research revealed that Czech citizens consider the accumulation of waste as one of the global problems right after the lack of drinking water. One possibility of effective management of corporate waste is the implementation of waste management strategy in the management of the company. Businesses should aim to reduce, sort and recycle. The aim of the article was to compare the development of waste production in the European Union and the Czech Republic in connection with tourism and to evaluate the approach of Czech hotel companies to the issue of waste management. On the basis of the analysis, it can be stated that the amount of waste is gradually increasing and the hotels have some reserves.
Importance of professional ethics and corporate social responsibility within business studies curriculum within context global economy
Authors: Daudisa Tatjana , Vevere Velga
Published: January 2020

Businesses today have to juggle between the need to survive due to increased competition and the pressure to become socially and environmentally responsible business entity. Consistent with the intensification of discussion about the importance of embracing CSR among businesses, the issues now has expanded to the concern over the future of CSR. In view of this, the future of CSR will depend on how the future generations perceive the importance of embracing CSR in business operations. The purpose of the current study is to research the business students’ perception of importance of ethics and corporate social responsibility courses within their curriculum. The quantitative research design is applied in the study – the target group survey using 7-point Likert scale questionnaire, nonprobability purposive sampling (n=131). The research question posed in the current article is the following: Does business students’ attitude towards CSR and ethics depend upon taking these courses as part of BBA and MBA curriculum? The result of the study – the mapping of students perceptions and attitudes towards ethical aspects taught at the university. The practical implications of the current study are of improvement of BBA and MBA curriculum to meet the needs of the 21st century in the globalized business environment.
Sustainable packaging as a tool for global sustainable development
Authors: Kozik Natalia
Published: January 2020

In various areas of human activity more attention is paid to environmental and ecological problems and also social issues. International enterprises take into account these criteria in management and strive to reduce the degradative impact and negative effects of their activities. These activities include the global concepts of sustainable development, circular economy and social responsibility. These concepts are also increasingly taken into account by companies from the packaging industry. For this reason, more often we hear about the so-called “sustainable packaging”, which is a consequence of the above actions and brings new opportunities in the environmental, economic, ethical and social aspects. The aim of the article was to characterize sustainable packaging. Based on the literature, sustainable packaging was defined, at the same time indicating that although this definition shows how to improve the packaging present on the global market, it should also be constantly improved and adapted to the changing market, society or environment requirements, as well as the state and development of the packaging industry. Examples of companies’ around the world activities in the field of creating sustainable packaging were also presented.
Saving logistics transportation costs in the era of globalization for firms
Authors: Majercak Peter
Published: January 2020

The paper of the conference is focused of transportation costs and their saving for firms in the era of globalization. Transportation requires the use of resources—labor, equipment, fuel, and infrastructure. The cost of transportation is the use of these resources. Some of these resources are purchased directly by the users of transportation—for example, fuel purchased by households for automobile travel. Many resources are purchased by firms that provide transportation services—for example, labor purchased by a railroad or fuel bought by a trucking company. In addition, governments (federal, state and local) provide most of the transportation infrastructure, such as highways. The main body of the paper is orientated to practical study of transportation logistic costs and optimization. In this case, we are considering the supply in logistic chain as follows: supplier → carrier → manufacturing company. The supplier represents the semi-product producer. The aim of this paper is to compare classic approach, when every part tracks its costs isolated a try to minimize them, with the system (logistic) approach, where the whole supply chain is optimized. Logistics costs are understood as expenses incurred from performing logistics activities, and from having the infrastructure, capacity or the readiness to perform logistic activities during a certain period of time.
The impact of Corporate Social Responsibility on brand loyalty in the process of globalization
Authors: Nadanyiova Margareta , Gajanova Lubica
Published: January 2020

In the process of globalization, the topic of sustainable development is among the most up-to-date and discussed issues. Companies applying the principles of social responsibility are focused not only on profit, but above all on sustainable growth and development. And just the triple bottom line concept represents a tool that enables CSR put into practice and points out that economic interests may not be in conflict with social and environmental issues. The aim of this article includes providing a literature review on the issue from the perspective of several foreign and domestic authors. By using methods of description, comparison, deduction, induction, it discusses the essence of corporate social responsibility, the concept of triple bottom line and also analyses its practical use in the case of the particular company. The secondary data for the analysis were obtained from annual company reports, statistical tables and published professional publications. In order to determine the impact of corporate social responsibility on brand loyalty in the process of globalization, a questionnaire survey was conducted among Slovak consumers. General scientific methods were applied for the processing of the data, as well as mathematical methods to evaluate the data collated from the results of the questionnaire survey. Based on this, benefits of using CSR principles are highlighted, that includes, in particular, building customer relationships, increasing the brand value and gaining brand loyalty. Finally, proposals are put forward for the effective implementation of corporate social responsibility principles in the process of globalization.
Foreign e-procurement: the case of the Czech economy in the context of employing it professionals
Authors: Stellner Frantisek , Sobehart Radek , Bilek Stanislav , Suta Michal
Published: January 2020

This paper analyses the entry into public tenders within the EU by the Czech companies. This paper investigates which industries have the highest shares of foreign public tenders. This share is compared to the number of hired IT professionals. This paper is based on the thesis that competing in global markets requires skilled labor force in the form of IT specialist. IT specialists (outsourced or employed) can manage electronic supply chain communication and international data interchange. They can integrate systems or adapt them to global opportunities in the public sectors. The dataset is based on the data from the Information and Communication Technologies Questionnaire 2014. The statistical evaluation is based on the probability estimation and detailed summary statistics. Public tenders are a good way for companies from less developed countries because of the lower material and labor costs. The sample of firms is limited to enterprises able to provide goods and services to the public sector. Results suggest that there are differences between industries (services, trade, manufacturing) in the foreign e-procurement and the number of IT workers depend positively on the participation in foreign e-procurement.
Globalization and Social Quality
Authors: Antalová Mária
Published: January 2020

On 1 March 2017, the European Commission presented a White Paper on the future of Europe emphasizing the phenomenon of globalization. Its aim is to assess what globalization means and will mean to the EU. In 2000, the social quality became a strategy for the EU´s economic policy. It is long known that both phenomena bring with them a number of changes of positive and negative sense. We see them as processes that deeply affect the existing structures of each country. For this reason, we have set the aim of our paper to evaluate the existing situation in globalization as well as in the social quality in Slovakia and in the V4 countries and also to clarify the interconnection between the two important phenomena. Analysis is based on an innovated globalization index that can be mapped in three dimensions: economic, social and political. In the social quality research, we take into account created index of the social quality at our department. Using the data obtained, we assess the interconnection of manifestations of globalization and the social quality as well as the three dimensions of globalization with the conditional factors of social quality and consider their existing interdependence.
Analyzing the employment of expatriates as high-performance workers in terms of their impact on selected areas of the company.
Authors: Cocuľová Jana , Tomčíková Ľuba
Published: January 2020

The central topic of the paper is human resource management in multinational companies as one of the consequences of globalization. The paper particularly focuses on the use of expatriates as high-performance workers. The aim of the paper is to provide an analytical view of the work of this type of employees in branches of multinational organizations operating in Slovakia. The paper presents research results aimed at analyzing the employment of expatriates in branches of multinational companies in terms of selected features (size of branch, how long the company operates on the Slovak market and number of branches of an multinational company) and finding statistically significant links between the time an expatriate spends in the country and the impact he/she has on selected aspects of the company, namely innovation and new knowledge, his/ her share in addressing business challenges and on relationships at work from the perspective of branch managers of multinational companies. The research was conducted between January and May 2019 using a standardized questionnaire method on a sample of 138 managers of branches in which expatriates worked. The obtained data were processed by the methods of descriptive statistics and Chi-square test, through which three research hypotheses were tested.
Economic Migration of Eastern Europeans in the UK after the UK Referendum Held in 2016
Authors: Kotýnková Magdalena
Published: January 2020

The economic status of Eastern European migrants has become a major issue in the UK, as it was one of the main arguments for leaving the European Union in the 2016 Referendum. The negative view on migrants from Eastern Europe in the UK relies on the fact that these migrants are a major burden for the British social and healthcare system. At the same time, however, the issue of modern slavery is discussed, based on the fact that Eastern Europeans in the UK are willing to work under undignified working conditions. The aim of the paper is to analyse and evaluate the economic status of Eastern Europeans on the UK labour market. The paper is based on the theoretical concept of the dual labour market, which is used in the analysis of real data. The dataset used was prepared by the UK Office for National Statistics (GB): As the conclusion, the expected changes in migration of the Eastern Europeans after the UK’s leaving the European Union, currently scheduled for 31 November 2020, are given.
Enterprises Financial Performance in a Globalized World
Authors: Podhorska Ivana , Siekelova Anna
Published: January 2020

World globalization has a significant impact on the financial performance and financial health of enterprises. The aim of the paper is to analyse and compare the financial performance of selected enterprises under the conditions of globalization. Paper will work with six selected enterprises from the IT sector, which represents one of the fastest growing sectors in the globalized world. Each of them will be from the Slovak Republic. As input data will be used their financial statements during years 2015-2018. These data will be obtained from the Amadeus database - a database of comparable financial information for public and private companies across Europe. The methods of financial-economic analysis will be used to analyse these data. Especially, the paper will be work with selected financial ratios from analysing of liquidity, profitability, indebtedness, and activity. The theoretical part of the paper will contain a literature review and historical development of financial performance assessment and theoretical aspects of enterprise financial performance. The practical part will contain the application of selected methods of financial-economic analysis in the database of enterprises. Paper findings brings evaluation of financial performance of enterprises in IT sector under the conditions of globalized world.
The impact of globalization on the business position of European Union
Authors: Rosnerova Zuzana , Hraskova Dagmar
Published: January 2020

We are meeting with the term globalization for many years. The globalization process sets in motion goods, services, financial flows, information, through globalization come to the mobility of people, the workforce and globalization is also a power drive to move the whole world. This paper deals with the contribution of globalization to the EU market. The aim is to find out to what extent EU countries are involved in world trade. It also points to the position of the World Trade Organization, which is the only organization connecting the countries of the world, with the aim strengthening of world trade and ensuring its liberalization. We assume that the EU as the largest integration group in the world will play an important role in world trade and that EU countries will be among the top 10 world players. The document contains an analysis of the EU’s position in world trade. The methodology used is based on comparing the export shares of the top 10 world trade countries and assessing how the countries of the EU positioned on the scale in 2018. The discussion deals with assessing the findings and estimating the situation in the future.
Selected aspects of sustainable tourism and their application in the operation of accommodation and catering facilities in the Moravian-Silesian Region
Authors: Stuchlikova Jana , Botlikova Milena
Published: January 2020

Given the global nature of tourism and the increased mobility potential of the population, the sustainability of tourism has been a topical issue for many years. The paper aims to map aspects of sustainable tourism and the extent of their use in the operation of accommodation and catering facilities in the regional environment; the research was conducted in the Moravian-Silesian Region, which is very specific on several levels. There are a number of large industrial enterprises that have a negative impact on the environment; on the other hand, there are countless natural, cultural, technical and other attractions, which are reflected in the increasing traffic to this destination. Due to the restructuring of the industry, the region is clearly showing its ecological tendencies, and the region is trying to present itself as an environmentally friendly region. In the context of tourism, there is a need to provide quality, eco-friendly accommodation, and catering services. The paper contains an overview of indicators based on the European system of indicators in the field of tourism and their specific impacts primarily on the environment. There is also an overview of whether and to what extent operators of accommodation and catering facilities in the Moravian-Silesian Region apply tools used mainly in connection with ecological behaviors, such as waste sorting, wastewater treatment, water management, and energy savings. For the analysis and comparison, were used primary data from controlled interviews with operators of monitored facilities, and secondary data from the Czech Statistical Office.
Statutory audit in Slovakia – significant phenomenon of global European changes
Authors: Domaracká Denisa , Kňažková Veronika
Published: January 2020

The changing global economy environment also affected the area of statutory audit. Nowadays, statutory audit faces the significant changes not only because of the processes of digitization and automation in accounting and auditing, but because of increased and tightened legislative regulation, too. The most important aspects of financial reporting and auditing are subject to EU Regulations and EU Directives. For this reason, the issue of legislative regulation changes in field of statutory audit in Slovakia has become the subject of our article. Currently, the proposal of amending and supplementing Act. No 431/2002 Coll. on Accounting, as amended underwent an interdepartmental comment procedure. The proposal includes the changes on requirements for statutory audit. This article examines the current proposal to change (mainly increase) the conditions for performing the mandatory statutory audit of financial statements in Slovak audit environment. Our goal is to clarify the reasons and implications behind the changes of Slovak legislation as well as the impact of these changes on audit performance in Slovakia. We believe conducting statutory audits in accordance with the applicable legislation accepted and implemented at international European level can contribute to transparency and improve the quality of audit performance. In order to achieve the goal, it was necessary to choose a purposeful work methodology and research methods.
The verification of prediction and classification ability of selected Slovak prediction models and their emplacement in forecasts of financial health of a company in aspect of globalization
Authors: Karpac Dusan , Bartosova Viera
Published: January 2020

Predicting financial health of a company is in this global world necessary for each business entity, especially for the international ones, as it´s very important to know financial stability. Forecasting business failure is a worldwide known term, in a global notion, and there is a lot of prediction models constructed to compute financial health of a company and, by that, state whether a company inclines to financial boom or bankruptcy. Globalized prediction models compute financial health of companies, but the vast majority of models predicting business failure are constructed solely for the conditions of a particular country or even just for a specific sector of a national economy. Field of financial predictions regarding to international view consists of elementary used models, for example, such as Altman´s Z-score or Beerman´s index, which are globally know and used as basic of many other modificated models. Following article deals with selected Slovak prediction models designed to Slovak conditions, states how these models stand in this global world, what is their international connection to the worldwide economies, and also states verification of their prediction ability in a specific sector. The verification of predictive ability of the models is defined by ROC analysis and through results the paper demonstrates the most suitable prediction models to use in the selected sector.
Leader is the person who deals with conflict. Global answers in conflict management.
Authors: Kohlhoffer-Mizser Csilla
Published: January 2020

Worldwide, leader is the person in an organization who directs, manages and controls at least one person. The purpose of this study is to internationally examine the relationship between leadership decision-making and resolution of conflict. Author is aiming to provide a comprehensive global literature review of leadership decision-making and conflict management. Alternative dispute resolution methods are to support persons and expressly leaders with several levels of conflict solving. Author interviewed leaders through a questionnaire survey how they decide in case of conflict: do they prefer court procedure or the possibilities of alternative dispute resolution? From 124 answers the paper‘s main finding is that leaders prefer alternative dispute resolution if they can choose. Methodology is different regarding the types of leaders from different dimensions, as transformational, transactional, and laissez-faire leader dimensions. This approach treated conflict styles as individual disposition, stable over time and across situations. It is argued and supported by literature that leadership styles or behaviors remain stable over time and are expected to be significantly related to conflict management styles [1]. The Thomas-Kilmann Conflict Mode Instrument (TKI) assesses an individual’s behavior in conflict situations, in which we can describe a person’s behavior along two basic dimensions: (1) assertiveness, the extent to which the individual attempts to satisfy his or her own concerns, and (2) cooperativeness, the extent to which the individual attempts to satisfy the other person’s concerns.
The impact of the corruption on the sustainable development of the businesses in South-West Bulgaria
Authors: Krastev Vladislav , Koyundzhiyska-Davidkova Blagovesta , Atanasova Irina
Published: January 2020

Corruption as a phenomenon can be found in every country and society. It accompanies human development from antiquity to the present day. The main perceptions of corruption is that it is an undesirable phenomenon which negatively affects society, contributes to the imbalance in the distribution of public goods and adversely affects the economy and society`s confidence in state governance and state`s institutions efficiency. Modern economy is permanently evolving and becoming more interdependent, especially in the age of globalization nevertheless corruption phenomenon still has influence despite the continual strategies for its limitation. Anti-corruption legislation at global, regional and national level is constantly developing and irrespective of the different legal systems and different anti-corruption strategies, it remains a constant in society`s life and influences their growth. At least that is what the first studies results on corruption impact on countries` economies development in the 1960s 1970s of the 20th century have demonstrated. The aim of this research is to assess the corruption impact on the Bulgarian economy, reflecting the contemporary reality in which the Bulgarian business develops its activities. The main research method is the method of the response and for the procession of the information are used statistical methods method of observation, method of the group, method of the analysis and graphic method. The analysis and conclusions on the problem are based on a data survey, where representatives of the business enterprises from South-West region had an opportunity to answer questions, aimed at revealing the most common corruption practices and how they affect their normal business activity.
Globalization - its influences & impacts on specific regions of Africa
Authors: Nova Monika
Published: January 2020

Relying on her own practical experience, the author presents the possible ways of opening up job opportunities in some selected regions of developing countries in Africa. The paper will thus cover both merits and demerits of globalization encountered in the countries´ economies and in their social & cultural spheres. Applying previous experience, the text aims to provide theoretical summary of the globalization process and its consequences for the continent. In addition, it highlights the causal relation between unemployment and migration, and shows the disruptive influence that globalization has on the local markets and social & cultural life. In the empirical section of the paper the author submits results of her own combined research that employed both quantitative and qualitative methods. The research, conducted in Uganda.