bluuebunny/crossref_metadata_2025 huggingface dataset:
Parallel time-stepping for fluid–structure interactions
Authors: Margenberg Nils , Richter Thomas
Published: January 2021

We present a parallel time-stepping method for fluid–structure interactions. The interaction between the incompressible Navier-Stokes equations and a hyperelastic solid is formulated in a fully monolithic framework. Discretization in space is based on equal order finite element for all variables and a variant of the Crank-Nicolson scheme is used as second order time integrator. To accelerate the solution of the systems, we analyze a parallel-in time method. For different numerical test cases in 2d and in 3d we present the efficiency of the resulting solution approach. We also discuss some challenges and limitations that are connected to the special structure of fluid–structure interaction problem. In particular, we will investigate stability and dissipation effects of the time integration and their influence on the convergence of the parareal method. It turns out that especially processes based on an internal dynamics (e.g.driven by the vortex street around an elastic obstacle) cause great difficulties. Configurations however, which are driven by oscillatory problem data, are well-suited for parallel time stepping and allow for substantial speedups.
A SEIRD Model for Control of COVID-19: Case of Azerbaijan
Authors: Aliyeva Tarana , Rzayeva Ulviyya , Azizova Reyhan
Published: January 2021

Research background:The study uses the key parameters of the spread of the epidemic, dividing the population into several groupsS- susceptible,E- exposed,I- infectious,R- recovered,D- dead. It is found that the model behaves differently depending on theR₀indicator - the average number of people that one infected manages to infect. Measures to suppress the epidemic undertaken by Azerbaijan and their effectiveness have been considered.

Purpose of the article:The aim of the article is to model the current dynamics of the disease for future forecasting. The model takes into account all the main parameters of the epidemic: the proportion of severe patients and the mortality rate depending on the age of the patients, the duration of the incubation period and the infectious phase of the disease; incomplete registration of infected people due to the high prevalence of asymptomatic disease and insufficient testing; possible measures to contain and suppress the epidemic and their impact onR₀.

Methods:The article uses the linear regression method, which consists in finding estimates of unknown parameters and the formation of a functional relationship between the sickness rate and the factors determining it.

Findings & Value added:The constructed model analyzes the growth of patients in the country after removing the restrictive measures taken in early May on the basis of real statistics.
Globalization – a Cause or a Solution for Corona Economic Crisis
Authors: Dobrea Razvan Catalin , Gole Iulian , Rotaru Ciprian
Published: January 2021

Research background: Since the extension of the Corona virus there are people saying that all this is happening because of globalisation, phenomena that diminished the control of states at the borders, lack of strong internal security rules, loose of political responsibility and decisions, etc. In this paper we investigated the situation from different economical perspectives and we clearly show the existence of positive effects of globalization. We will never know certainly enough at which percentage the current crisis results from a mismatch between the intensity of economic and human exchanges and the inability of public authorities to be prepared and take fast and appropriate decisions. It is well accepted that in a globalized world, interdependence prevails over sovereignty.

Purpose of the article: We will analyse if this reality is really one of the main problems which cause the current disaster. Nevertheless, it would be too easy to blame only the lacks of effective globalization, much complicated is to identify the problem and solve it. Searching if the globalization is the cause or the solution may be interesting since from the political side, we will see a wave of critics and sceptics, many politicians will try to reposition in order to gain visibility and votes.

Methods: Using descriptive and comparative analysis we demonstrate that societies may obtain greater benefits from cooperation, collaboration and integration, even in pandemic times.

Findings & Value added: In a global world, we can see that borders do not protect against a pandemic and that all the major challenges facing humanity can only be solved by multilateral systems and by multilateral negotiation. We clearly demonstrated that global society has greater benefits from cooperation, collaboration and integration.
Current challenges of globalization in the automotive industry in European countries
Authors: Hojdik Vladimír
Published: January 2021

Research background: Research in this paper is based on analysis of data and documents published by official institutions and relevant studies and papers.

Purpose of the article: This paper assesses how the pandemic situation influenced automotive sector in countries of Europe. It evaluates differences between European countries, in terms of automotive industry operation after COVID-19 crisis. It also outlines global trends and challenges for future industry development.

Methods: In the research, we use mainly general methods, especially analysis, synthesis and comparison. Among the specific methods, we use statistical methods to obtain, process, explain and interpret data.

Findings & Value added: In the findings we present the impact of COVID-19 on automotive industry in European countries. In the end, we present thoughts on globalization challenges for automotive industry, and possible ways for its future development.
The Impact of the Global Pandemic on Selected Aspects of Sustainable Tourism in the Czech Republic
Authors: Stuchlíková Jana , Botlíková Milena
Published: January 2021

Research background: The overall impact of coronavirus has some positives and negatives on the tourism sector and thus on other downstream sectors. The stagnation of tourism will make it easier for overcrowded tourist centers, which corresponds to the goals of sustainable tourism. On the other hand, negatives can be attributed to it. The Covid -19 epidemic caused the decline in business activities in tourism to almost zero, not only in the Czech Republic, but in the entire global area. If we consider with the intention that a large part of tourism enterprises is dependent on foreign clients, then the steps necessary to prevent the further spread of the epidemic were fatal for many enterprises and contribute to rising unemployment, reducing public budget revenues, etc. It is clear that the functioning of tourism will not return to pre-coronavirus and will be gradual. Businesses will need to adapt their services and find new ways to distribute them.

Purpose of the article: The aim of the paper is to map the effect of coronavirus on selected aspects of sustainable tourism in the Czech Republic.

Methods: We used primary data obtained from controlled interviews with the operators of the monitored facilities and secondary data (EUROSTAT, CSO).

Findings & Value added: The paper includes models of the impact of coronavirus in the field of tourism, focusing mainly on accommodation and catering establishments.
Study of Factors Influencing the Transformation of Medical Staff’s Well-being in the Context of the COVID-19 Pandemic
Authors: Tokareva Julia , Lysenko Elena
Published: January 2021

Research background: The pandemic caused by COVID-19 is one of such situations that required urgent, anti-crisis solutions on organizing medical-care and support for the life of people. Special attention in scientific research of scientists from different countries is paid to medical workers, as the main participants in the elimination of the pandemic, whose external and internal working conditions have changed to a greater extent.

Purpose of the article: to investigate factors those affect the well-being of health care workers in the workplace during the COVID-19 pandemic.

Methods: The basis of the tools of empirical sociological research was the author’s method of studying 3 groups of factors that affect the well-being of employees: informing of the situation associated with the pandemic, changes in the nature and conditions of work; specifics of working in remote mode in connection with the pandemic.

Findings & Value added: The study revealed the importance of informing employees about the situation, as well as a high level of its reliability and timeliness. The most significant changes in the work were the need to control contacts, the use of special protective equipment and the appearance of a large number of stressful factors. The main consequence of working in a pandemic environment, both for employees working in the previous mode and for employees working in remote mode – is a decrease in the level of material well-being. The study of the transformation of work in remote mode, in addition to technical parameters, showed deterioration in working conditions and communication.
Education and innovation: impacts during a global pandemic in a higher education institution
Authors: Vale Ana , Coimbra Nazaré , Martins Alcina , Oliveira José
Published: January 2021

Research background: At the beginning of the year 2020, there was a shift in strategies and instruments in a short period of time, to respond to a situation of impossibility of face-to-face teaching. Thus, it is essential to reflect on an educational challenge, whose impacts continue on a global scale.

Purpose of the article: The present article aims to analyse how the pandemic situation has been influencing education and learning in Higher Education.

Methods: Having as context a higher education institution located in the municipality of Porto, a case study was developed that analysed teaching and learning methodologies applied throughout the 2019/20 academic year. For this research, a qualitative methodology was used, with semi-structured interviews with five teachers and opinion essays from nine students, with fourteen participants. The analysis was carried out using the Nvivo software, triangulating the perceptions of the two groups of interviewees.

Findings & Value added: The results allow us to conclude that the participants are aware that collaborative work and the use of appropriate technological resources were essential to ensure teaching and distance learning, including the evaluation process, despite mandatory confinement. Globally, the perceptions of the emergence of a new educational paradigm are confirmed, based on the massive use of technological resources, which propelled the innovation of the teaching and learning process. Nevertheless, both groups recognize that distance learning impoverishes the fundamental interpersonal dynamics in Higher Education.
Impact of Global Changes of the Pandemic Crisis on Business Models of Transport Companies
Authors: Zhuravleva Natalia , Chechenova Liana
Published: January 2021

Research background:The coming period of the world economy coming out of the pandemic crisis will seriously change the situation in the cargo and passenger segment. According to the assessment of the current situation, in the global market there is a violation of the usual ties between producers and consumers, an imbalance in transport flows associated with changes in demand. At the same time, in a crisis, rail transport is the main tool, since a significant amount of anti-epidemic protective equipment from China was transported by trains. It is clear that in the near future the dynamics of the market depends, first of all, on the further development of events and measures of state support for industries and businesses.

Purpose of the article:The purpose of this research is to score the factors of the post-crisis state of transport sector: alterations in the gravity of commodity markets, modifications of valuable preferences assessment of the shipper and the passenger, that change the business model of transport companies.

Methods:Standard methods of scientific research are used: theoretical and experimental; complex methods of analysis and evaluation of business models: a complex scheme for developing a business model, a canvas and a conceptual scheme of a business model; methods of qualitative data analysis.

Findings & Value added:Factors changing the transport business model are systematized. The research estimates a change probability in the gravity of commodity markets towards Asian countries, the consequences of the influence of digital technology on the efficiency of the transport business and the shift in the value of transport services in the line of high speeds. It shows the impact of the post-pandemic economy, which has formed new habits, passenger behavior on passenger companies’ operations. The research justified crisis effects resulting in the deterioration of the competition in the transport markets.
Creative accounting as a global tool for tax optimization
Authors: Blazek Roman
Published: January 2021

Research background:Creative accounting is a set of skills that allow people to produce an artistic, scientific or other creative activity that creates new, unusual and acceptable ideas, which are transformed into financial statements, which then form a positive view of the company’s economic activities.

Purpose of the article:Creative accounting is a problem all over the world, as it adversely affects the financial statements in each country. The article describes models that help reveal the creativity of accountants and financiers. Procedures for identifying possible accounting delays are based on analytical models. In particular, it is complex statistical methods or data collection techniques that identify hidden, unusual patterns that indicate fraud. These analytical models are therefore used to detect various errors and fraud in accounting.

Methods:Analytical models will be available to identify different methods of accounting abuse. Interest is placed on the analytical models of Beneish model and the Modified Jones model. The main objective of using these models is to reveal creative accounting in sector A - Agriculture, forestry and fishing. Fraud is investigated using sophisticated analytical methods that reveal improved data.

Findings & Value added:Creative accounting in the conditions of the Slovak Republic but also globally is still not possible completely to reveal. The value added of this article can be mentioned as the benefit for potential business partners as well as investors interested in the analysed sector and the other hand for the other for the state administration.
Time Management of Non-Profit Sector Managers in the Context of Globalization
Authors: Gresakova Emilia , Chlebikova Darina
Published: January 2021

Research background: The article deals with the issue of manager´s time management in the non-profit sector in Slovakia in the conditions of the globalization. We verified the dependence through hypotheses that we established for each of the factors according to empirical studies, in which the impact on work organization and time management on managers was identified. Factors of time management according to reliability represented setting goals and priorities, using time management techniques, organizing work and workspace, and controlling one’s own time.

Purpose of the article: The aim of the article is to point out the influence of time management on managers. We evaluate this impact in relation to stress reactions such as work-related stress and the manifestation of somatic symptoms, but also positive effects in the form of increased job satisfaction and better evaluation of work performance.

Methods: We evaluated the qualitative data by creating Contingency Tables, which served as a basis for testing dependence with Pearson’s χ2 independence test or Fisher’s exact test. The intensity of the dependence was determined by the most used Cramer coefficient.

Findings & Value added: The results point to the dependence of individual time management factors on the areas of impact in the form of work-related stress, the emergence of somatic symptoms, job satisfaction and subjective evaluation of managers’ work performance. In the discussion, in the context of globalization, we compared the views of the authors of the issue with our results and we tried to point out the possibilities and measures that could be applied in the findings.
The impact of strategic management on the development of the Integrated Service Point to support competitiveness in the conditions of globalization
Authors: Jaculjaková Simona , Štofková Jana
Published: January 2021

Research background: The priorities of informatization cover a wide range of areas that need to be constantly addressed in the business sphere in the period of globalization. Optimization and automation of public administration processes together with the priority of categorization of services according to life situations ensures a qualitative change in the provision of public administration services. The paper deals with the influence of strategic management on the development of the Integrated Service Point to support the competitiveness of the national postal operator as a strategic partner of e-Government in the conditions of globalization.

Purpose of the article: It is the implementation of primary research, which is focused on finding out the impact of strategic management on the development of ISP. The research is focused on potential new services that would be welcomed by customers - citizens of the Žilina self-governing region at the ISP workplace operated by Slovak Post. As part of the development of strategic management at Slovak Post, the acceptance of new services at the ISP workplace may lead to higher customer satisfaction and the acquisition of new potential customers and thus to the promotion of competitiveness in the conditions of globalization.

Methods: The article uses methods such as excerpting, analysis of the current state, statistical methods, primary research, induction, deduction, etc.

Findings & Value added: The output of the research is the creation of a proposal for a technological process that customers would welcome as a new ISP service of Slovak Post to support competitiveness in the development of e-Government in the conditions of globalization.
Acceptance of bioeconomy principles in strategic documents on European and Slovak level
Authors: Navrátilová Lenka , Giertliová Blanka , Hajdúchová Iveta , Šálka Jaroslav
Published: January 2021

Research background: The European Union has laid the foundations of European bioeconomy by publishing Innovating for Sustainable Growth: A Bioeconomy for Europe in 2012 and A sustainable bioeconomy for Europe: strengthening the connection between economy, society and the environment in 2018. These publications have inspired individual countries to develop their national bioeconomy strategy.

Purpose of the article: The lack of engagement in the area of bioeconomy appears to be a problem, as individual national strategies differ vastly amongst the countries. For successful bioeconomy development, there is a need to identify and address the differences in these strategies. That is why, we aim our attention at comparing European and Slovak bioeconomy legislative and at analysing to what extent have Slovak legislative implemented aspects of the European legislative.

Methods: The methodology of this study relies on document analysis of officially adopted policy strategies and roadmaps in the EU and Slovak Republic. The paper aims at defining the concept of bioeconomy, its relevance for the society and identifying the differences in European and Slovak strategic documents.

Findings & Value added: Since Slovakia is a part of EU, it largely transmits the key areas of EU strategies to its own national strategy. Nevertheless, while comparing strategic documents on the two levels, disparities can be find resulting from specific prerequisites, economic situation and other circumstances. The main difference being the extend to what bioeconomy is addressed. While EU places a great importance to this concept, Slovakia does not aim as much attention to it.
Accounting for innovations in value management of companies in the context of globalization
Authors: Semenova Svitlana , Fomina Olena , Moshkovska Olena
Published: January 2021

Research background. Given that innovations have a great impact on gaining competitive advantage and long-term growth of the company’s value, it is important to find ways to fully and correctly reflect them in the accounting and reporting system to provide users with the necessary information to make effective decisions.

Purpose of the article is to characterize the accounting of innovations in the value management system of the enterprise and determine the form of integrated reporting on innovations to assess their impact on the value of the company and make effective decisions.

Methods. The methodological basis of the study consists of informal content analysis of information, systematic approach, deductive method, comparison, abstraction, grouping and systematic generalization.

Findings & Value added. The disadvantage of the current accounting system is the attribution of investment in intangible innovations to the company’s costs, which is not considered and is not reflected as a long- term competitive advantage. Thus, not taking into account the intangible non-accounting factors of generating the value of the company, which are associated with innovation, intellectual capital, can significantly underestimate the book value of the company compared to its market value. The value of the company stated in the financial statements may be significantly lower than its market value due to the failure to take into account in the system of accounting for the interaction of innovation with intellectual, environmental and social capital, which is the source of domestic goodwill. Innovation accounting requires the allocation of appropriate facilities and the formation of integrated reporting to provide comprehensive information for decision-making in the management of the company’s value.
Motives and techniques of earnings management used in a global environment
Authors: Strakova Lenka
Published: January 2021

Research background: From a research perspective, it is very important to point out motives and used techniques of earnings management because it allows better identify the factors that drive the decision to practice earnings management. Motives of earnings management can be organized thematically into contractual obligations, asset pricing, or influencing external parties which are carried out through the use of various earnings management techniques.

Purpose of the article: The article aims to identify all possible motives leading to the practice of earnings management in companies in a global environment and to point out the individual techniques of earnings management, which are used to realize the individual motives.

Methods: The method of description and the method of classification of technical terms are used to specify in more detail the motives and techniques of earnings management used in the global environment.

Findings & Value added: In a global environment exist strong motives for managers to practice earnings management. These motives include better pricing of securities, beating analysts’ expectations, avoid negative earnings, show better performance than past, better compensation of managers, tax evasion, external finance attraction, concealment of poor performance, favorable contracts from suppliers, customers, lenders, and employees and avoiding technical default on debts covenants. Another dimension of earnings management is the stress level of managers builds up due to expectations of better performance by stakeholders. In a global environment, there are several techniques used to practice motives leading to earnings management. These techniques are described in more detail in the article.
Earnings Management as a Tool of Bankruptcy Prevention during Global Pandemic of COVID-19
Authors: Usheva Mariana , Vagner Ladislav
Published: January 2021

Research background: The Covid-19 pandemic affects all areas of operation in almost every country, except for Slovakia. In Slovakia, radical measures were taken in the first phase of March, and the state of emergency required the closure of gastronomic establishments, service operations, restrictions on shops, stricter hygiene measures and restrictions on free cross-border as well as a national movement. The second phase is foreseen in the autumn, which should be much more demanding, and it will also be a great challenge for companies to be able to adapt their activities to the new standards. An important question for companies is how this will affect their financial results. Some companies were not affected by the disease; others had to be closed, did not generate any profit, eventually went bankrupt.

Purpose of the article: The purpose of this article is primarily to examine the impact of coronavirus on earnings management and how it will affect further decision-making within the company. In our study, we focused on the impact that Covid-19 has or will have on the management of companies in Slovakia. A total of 172 companies in Slovakia operating in various sectors were interviewed

Methods: The methodology used standard questionnaire survey procedures with scale answers. We addressed companies, despite the sector in which they operate. The overall return was 20%, and we obtained 172 responses.

Findings & Value added: Because the consequences of the Covid-19 disease are not yet evident, managers within earning management will also count on reserves in the form of savings accounts more than before.
Comparison of Public Risk Management Tools in Slovak Agriculture
Authors: Boháčiková Andrea , Bencová Tatiana , Rábek Tomáš
Published: January 2021

Research background: Risk in agriculture is a difficult concept to recognize, because farmers are exposed to different types of risks that influence their agricultural activity. The stability of farmer´s income is threatened by various factor interconnected to each other, such as market risks (price volatility, market shocks), ﬁnancial risks (indebtedness, loans and credits), production risks (climate change, pests and diseases, biosecurity), technological risk (digitization, technological progress), institutional risk (regulations, environment and tax policy), and human resource risk (physical and mental health). Therefore, for the farmers it is very challenging to implement appropriate and effective risk management tools, in order to stabilize their income.

Purpose of the article: Risk management offers a variety of strategies and instruments on the farm or aggregate level to copy with the risk. Also in the Pillar II of CAP 2014-2020 were introduced new risk management tools, as a response to greater price and yield variability among European countries. In the paper, we decided to analyse and compare several public risk management tools that can farmers use to increase their welfare and stabilize income.

Methods: The national agricultural policies, as well as CAP are aimed at compensating farmers for the negative effects, however it is not so easy to govern and implement the tools on the farm level. The paper provides a comparative analysis of selected tools that are the most suitable for Slovak agricultural producers.

Findings & Value added: The results of the paper can give the farmers ability to compare and choose between public risk management tools that could be used for risk exposure.
Instruments for financing housing construction in the United States in the context of globalization
Authors: Ermilova Mariia , Gryzunova Natalya
Published: January 2021

Research background: The housing and construction markets are one of the main segments of the economy of any country. Solving several social and economic problems of the state, it is required to ensure the efficient operation of these markets. The leading economy in the world is the US economy. The tools and mechanisms used in the American market have been adapted in other countries as well. The main questions facing market participants are securing funding. Moreover, financing should be so efficiently established that the maximum number of entities will be able to use it to implement their tasks.

Purpose of the article: Within the framework of this study, a list of instruments for financing the construction of residential real estate was identified, which can be successfully adapted in the Russian economy in the context of globalization and taking into account the consequences that occur as a result of various crises.

Methods: The research used methods of analysis and synthesis, statistical analysis, modeling, logical analogy and generalization of results.

Findings & Value added: The results of the study showed that the American system of financing the construction of residential real estate is differentiated. The subject composition of markets allows us to solve every problem that appears in the process of functioning of the markets. The insurance system is well-functioning. The presence of a system of guarantees further protects the rights of market participants. Thus, analyzing the possibilities of adapting the American experience in Russian practice, it was determined that the development of the mortgage segment and the introduction of a guarantee system would be effective.
Long-term budget planning in the context of globalization and its socio-economic significance
Authors: Fedosov Vitaliy , Morunova Galina , Ivanova Natalia , Kankulova Marzhinat
Published: January 2021

Research background: The process of globalization increases the possibility of a more equitable distribution of income and national wealth, which contributes to the solution of social problems and ensures the development of the material base of human potential. In these conditions, the issues of budget planning of mandatory budget expenditures for the social sphere, in particular for education. With the use of simulation modeling, it is possible not only to implement budget planning more effectively, adjust current social expenditures, but also to increase the horizon of long-term budget planning, which is especially important in conditions of high financial dependence.

Purpose of the article: to study the use of simulation modeling for long-term budget planning of mandatory budget expenditures in the social sphere at the subnational level.

Methods: we have researched based on the application of the “Any Logic” modeling method for long-term budget planning and adjustment of current social expenditures.

Findings & Value added: the study conducted by the authors allows us to conclude that the use of “any logic” for long-term financial planning in the context of globalization makes it possible for States to model social expenditures in the current and future periods. Based on official statistics, the forecast model of mandatory budget expenditures for the social sphere takes into account various factors (changes in demography, the number of recipients of social services, etc.) and provides a forecast of socio-economic development. Long-term budget planning based on simulation models allows you to adjust current social programs, which will improve the quality of life in the context of globalization.
eSports: a new industry
Authors: Block Sebastian , Haack Florian
Published: January 2021

Research background: At the beginning of this century, the eSports industry was not yet a major player although it already existed as a niche of video and computer games. The importance and interest only began to increase with the rise of the internet and its infrastructure. Especially among the younger generation, eSports, today, has a significant meaning. Worldwide, professional players duel each other in countless tournaments online and offline and are enthusiastically celebrated by their millions of fans.

Purpose of the article: The purpose of this paper is to analyze how eSports has developed in recent years since its first boom phase as well as to analyze its growth factors and how it has benefited from the COVID-19 pandemic compared to traditional competitive sports.

Methods: The global eSports revenues and prize money values are analyzed. The first step is defining the eSports term. The second is looking at the development of eSports financials since its first boom and onward. The COVID-19 pandemic and its impacts are then looked at. Finally, growth factors for the increasing numbers are analyzed.

Findings & Value added: The findings show that eSports has gained significant importance in recent years. In particular, the strong increase in global eSports revenue and the associated increase in players’ prize money clearly show that eSports will continue to gain importance and economic strength in the future.
Digitalization of Global Economy: A Qualitative Study Exploring Key Indicators use to Measure Digital Progress in the Public Sector
Authors: Febiri Frank , Hub Miloslav
Published: January 2021

Research background:The digitalization of the global economy is the most common phenomenon in the 21st century. Most Public sector organizations have already started their journeys towards digitalization, and many of them have dealt with their contemporary challenges with success. At the center of these transformations are metrics and indicators used for evaluating digital progress. Already existing measures focus on numerical measures of the presence of digital technology in the public sector (output measures), but do not evaluate the quality of the digitalized public sector (outcome measures).

Purpose of the article: This paper attempts to evaluate metrics and indicators used for measuring the digital progress in the public sector.

Methods:Three particular aspects of digitalization in the top five leading countries (Finland, Sweden, Denmark, Netherlands, and Malta) were examined: I. success rate of public sector IT projects (measured by how often projects are scrapped); II. The price comparability between the public sector and private sector IT projects; and III. The relative modernity of government IT systems (compared to private sector systems).

Findings & Value added:The findings of this paper present key metrics and indicators that can be used to evaluate public sector digital progress. Policymakers will need to redefine digitalization goals and areas of investments, while researchers can contribute more insights to the individual impact of these metrics and indicators on the development of a digital public sector. To this end, the paper contributes to a better understanding of the essential metrics and indicators to measure digitalization progress in the public sector.
Big Data Management and Cloud Computing: Financial Implications in the Digital World
Authors: Ionescu Luminița , Andronie Mihai
Published: January 2021

Research background: Globalization has had an impact not only on the Internet society, but also on the way in which digital solutions lead to the improvement of the business activity and optimal policies in simple decision-making. Big data, cloud computing and artificial intelligence may essentially improve the company management and the work of the accountants. The increase of sharing information by digital technologies and big data management are opening huge big opportunities and driving investors towards peak globalization.

Purpose of the article: Our aim is to clarify and present the issues in question in terms of financial implications due to the influence of big data management and cloud computing in the digital world.

Methods: Our method to conduct the research is a mix of combining quantitative and qualitative analysis in order to identify the benefits of implementing big data management with positively influences over firms’ performance directly.

Findings & Value added: Our research presents the financial implications of using cloud computing and digital solution for businesses in the digital world, and also the impact study of adopting cloud technology in business development. There are many implications for implementing big data and cloud computing, but the most important one is increasing the productivity of the companies and improving the international economy.
Perception of Global Issues of Environment and Circular Economy by Generation Z
Authors: Malikova Iveta
Published: January 2021

Research background: Man has been interfering in the environment with his action since ancient time. At the very begging, these were only small interventions, but with scientific and technical development, the interconnection of national economies and the growth of population and consumptions, these interventions are so significant that there is a risk of depletion of some non-renewable resources and degradation of the natural environment. Experts have agreed that these are problems with a global dimension and they have been pointing out the need to address these issues for decades.

Purpose of the article: The paper is aimed at representatives of the Z generation in order to show how this generation perceives the current global environmental issues and what is their view on the application of the circular economy in practice.

Methods: Survey analysis.

Findings & Value added: There are many companies which are aware of the fact and they have started to apply the concept of the circular economy in order to eliminate the negative effects on the environment. This concept consists of using fewer resources in the production of new products through more efficient process and the prevention of waste trough reuse, repair treatment and recycling. All product and material flows will be reintegrated into their cycle after their use, where they will subsequently become resources for the production of the new products and services. Companies that put this concept into practice can gain a competitive advantage in the market by providing consumers with products which are more durable, innovative and mainly environmentally friendly.
Digitalization of The Transport Industry in The Context of Globalization of The World Economy
Authors: Mashkina Natalya A. , Belyaeva Elena S. , Obukhova Anna S. , Belyaeva Olga V.
Published: January 2021

Research background: The article reveals the nature and mechanisms of the influence of the digital economy on the development of the transport industry in the world. The prerequisites for researching the problems of digitalization in the transport sector are determined by several factors. Firstly, the use of digital technologies is especially evident in the transport sector. Secondly, it is the efficiency of using the latest technological achievements that determines the competitiveness of transport companies.

Purpose of the article: The aim of the study of this topic is to identify the most significant manifestations of the impact of digitalization on the transport sector, trends and the nature of this impact.

Methods: The methodology of the work is to use the method of scientific abstraction, analysis of facts and observation of the real existing picture, as well as induction and deduction to determine the relationship of concepts in general to individual cases. The authors of the study identified the key components of the digitalization process of the economy, and identified those that have the greatest impact on the transport sector. The article contains an analysis of the existing experience of transport digitalization, the consequences of this process. Also in this article, the authors made their forecast for the further development of transport digitalization processes.

Findings & Value added: The main result of the study was the conclusion that the objective need of the transport industry for new innovative developments is very high. The economic effect, that the introduction of transport sector digital technologies, brings, is obvious and tangible.
Socio-economic Importance of Biomaterials in the Transition to the Circular Economy Model
Authors: Wojnarowska Magdalena , Sołtysik Mariusz , Guzik Maciej
Published: January 2021

Research background: The adoption of the 2030 Agenda for Sustainable Development obliges individual countries to take actions aimed at achieving the seventeen goals of sustainable development. One of the tasks is to transform the economy into a circular economy. The necessity of transformation results from the growing number of manufactured products and the growing amount of generated waste, especially those made of plastics. Waste management and disposal may also have significant environmental effects. Therefore, EU waste management policy aims to reduce the impact of waste on the environment and health and to improve the efficient use of resources in the EU. The long-term goal of this policy is to reduce the amount of waste generated, and if its generation is unavoidable, to promote its use as resources, to increase recycling and to ensure safe disposal of waste. Hence the need to change the current economic model based on a linear approach to the circular economy. The technological goal of the circular economy is to achieve the highest possible level of waste recovery and recycling, and then reuse it in production. A possible alternative to conventional and petroleum-based materials are biopolymers that are biodegradable in the natural environment, and their degradation products do not endanger human and animal health. Thanks to these properties they not only can replace traditional polymers, but also will find completely new applications in biomedical engineering and medicine.

Purpose of the article: The aim of the article is to analyze the socio-economic consequences of using biomaterials in the transition to the GOZ model.

Methods: A systematic literature review methodology.

Findings & Value added: The main findings relate to the socio-economic consequences of introducing biomaterials for both consumers and businesses.
Market or Morality - Follow an Unethical Action for the Management?
Authors: Engstfeld Lars , Užík Martin , Block Sebastian
Published: January 2021

Research background:With countless standards and rankings for moral behavior of large companies on one side and corporate scandals of immoral actions on the other, the question arises whether it is important at all for stock corporations to keep a clean slate or whether their value might not even be affected by emerging scandals.

Purpose of the article:This paper analyzes whether and how the stock market reacts to newly published news about immoral behavior by stock corporations. It shows the reactions of stock prices to morality scandals for 39 different companies that have all been exposed for immoral behavior.

Methods:After establishing a standard time window around the event day of the emerging news, the stock reaction is analyzed by estimating the selected companies’ share prices based on their past and then comparing the estimated values to the actual values on and after the event day.

Findings & Value added:While the overall finding is that stock prices do not react to their companies’ scandals with statistical significance, it is shown that the stock prices of smaller companies are affected more than those of the bigger example companies. It can therefore still be recommended for companies to build a good reputation by showing responsible behavior.
The prospects and problems of e-commerce in Azerbaijan in the context of globalization
Authors: Hajiyeva Leyla
Published: January 2021

Research background:With globalization on the Internet, the economy is gaining a wide range of new opportunities. The economic activity carried out using the latest IT - technologies is effective and profitable. E-commerce is one of the main components of the “new economy", which is gaining increasing practical importance. The effectiveness of electronic commerce is determined by the fact that with this form of trading transaction costs are reduced, i.e. the costs associated with the search and processing of information, negotiating and signing contracts, as a result of which the process of buying and selling and concluding transactions is simplified, opportunities for attracting investments are expanded, and geographical accessibility is improved. Online commerce in Azerbaijan is at the development stage and has broad prospects for further growth.

Purpose of the article:The main goal of the article is to analyze the possibilities of developing online commerce in Azerbaijan and evaluate the factors influencing its development in the context of globalization.

Methods:The author carries out a comparative analysis of the development of online commerce in a number of countries, uses a systematic approach to analyze the main problems that limit the development of e-commerce in Azerbaijan.

Findings & Value added: The article analyzes the main problems limiting the development of online commerce in the country and contain a number of recommendations for the further development of e-commerce in Azerbaijan.
The impact of corporate social responsibility on business competitiveness
Authors: Kožená Marcela , Mlázovský Martin
Published: January 2021

Research background: The social and environmental problems of the current globalised world are primarily targeted on the South and Southeast Asian business environment. However, according to the idea “think global, act local”, practices of Czech local business also contribute to the global environment.

Purpose of the article: The Czech Republic is classified as a small open economy in the final stage of a transformation into a market economy, and on the top of that, it is also a member of the European Union. Thus, the Czech Republic is very dependent on the global market. Firstly, this paper is focused on analysing the Czech businesses’ attitude to competitiveness with special emphasis on corporate social responsibility. Secondly, there is predicated the future approach of the Czech managers to CSR.

Methods: Primary research is based on individual structured interviews with Czech managers on the top and middle level (n=15). The interviews were conducted from February to May 2020 via a combination of face to face and distance communication.

Findings & Value added: The results indicate that the Czech business mostly does not perceive CSR as a key factor of corporate competitiveness. However, the significant part of the interviewees considers CSR as moderately important and what is more, they predicate the upward trend of this factor. In addition, corporate social responsibility is often associated with other factors of competitiveness – more precisely to customer loyalty and innovation capability. Moreover, all the corporations stated that they apply at least some of the CSR principles in their ordinary course of business.