University Of Economics In Prague Research Articles

Reviewer Acknowledgements for Business and Management Studies, Vol. 8, No. 2

Business and Management Studies (BMS) would like to acknowledge the following reviewers for their assistance with peer review of manuscripts for this issue. Many authors, regardless of whether BMS publishes their work, appreciate the helpful feedback provided by the reviewers. Their comments and suggestions were of great help to the authors in improving the quality of their papers. Each of the reviewers listed below returned at least one review for this issue. Reviewers for Volume 8, Number 2Abdul-Kahar Adam, University of Education, GhanaChrister Thörnqvist, University of Skövde , SwedenFábio Albergaria de Queiroz, Catholic University of Brasília, BrazilJennilyn Castillo Mina, Nueva Ecija University of Science and Technology, PhilippinesLucie Andreisová, University of Economics in Prague, CzechMarica Ion Dumitrasco, Academy of Sciences of Moldova, Moldova

Reviewer Acknowledgements (Vol. 7, No. 3)

Business and Management Studies (BMS) would like to acknowledge the following reviewers for their assistance with peer review of manuscripts for this issue. Many authors, regardless of whether BMS publishes their work, appreciate the helpful feedback provided by the reviewers. Their comments and suggestions were of great help to the authors in improving the quality of their papers. Each of the reviewers listed below returned at least one review for this issue. Reviewers for Volume 7, Number 3 Abdul-Kahar Adam, University of Education, Winneba, GhanaAndrzej Niemiec, Poznań University of Economics and Business, PolandAshford Chea, Benedict College, USAIulia Cristina Muresan, University of Agricultural Sciences and Veterinary Medicine Cluj-Napoca, RomaniaIza Gigauri, St. Andrew the First-Called Georgian University, GeorgiaJason Caudill, King University, USAJulia Stefanova, Bulgarian Academy of Sciences, BulgariaKonstantinos N. Malagas, University of the Aegean, GreeceLucie Andreisová, University of Economics in Prague, CzechMarica Ion Dumitrasco, Academy of Sciences of Moldova, MoldovaPaduloh Paduloh, Bhayangkara Jakarta Raya University, IndonesiaSandeep Kumar, Tecnia Institute of Advanced Studies, Affiliated to GGSIP University Delgi, IndiaZeki Atıl Bulut, Dokuz Eylul University, Turkey

An alternative approach to the construction of multi-regional input–output tables of the Czech Republic: application of the CHARM method

The main scope of the paper is to review the construction method of (multi-)regional input–output tables (RIOTs) in the Czech Republic at the NUTS 3 regional level. We compare the estimation of regional IO tables based on a modified cross-hauling adjusted regionalisation method (CHARM) applied by the authors with application of the hybrid approach of (Sixta and Vltavska in Stat Stat Econ J 97:4–14, 2017) from the Department of Statistics at the University of Economics in Prague. The aim of the presented paper is to contribute to the discussion about the suitability of alternative methodological approaches from the perspective of quality and time. We assume that despite the lack of official, published RIOTs by state statistical offices, the existing methodology of the relatively simpler non-survey CHARM method represents an adequate option for the generation of regional input–output tables suitable for further analytical research.

Reviewer Acknowledgements

Business and Management Studies (BMS) would like to acknowledge the following reviewers for their assistance with peer review of manuscripts for this issue. Many authors, regardless of whether BMS publishes their work, appreciate the helpful feedback provided by the reviewers. Their comments and suggestions were of great help to the authors in improving the quality of their papers. Each of the reviewers listed below returned at least one review for this issue. Reviewers for Volume 6, Number 2 Bahram Abediniangerabi, University of Texas, USAComite Ubaldo, University of Calabria, ItalyFábio Albergaria de Queiroz, Catholic University of Brasília, BrazilFuLi Zhou, Zhengzhou University of Light Industry, ChinaGabriela O. Chiciudean, University of Agricultural Sciences and Veterinary Medicine Cluj-Napoca, RomaniaKherchi Ishak, UHBC University, AlgeriaKonstantinos N. Malagas, University of the Aegean, GreeceLucie Andreisová, University of Economics in Prague, CzechMarica Ion Dumitrasco, Academy of Sciences of Moldova, MoldovaMike Rayner, University of Portsmouth, UKMr. Abdul-Kahar Adam, University of Education, Winneba, GhanaMythili Kolluru, College of Banking and Financial Studies, OmanRashedul Hasan, International Islamic University Malaysia, MalaysiaRocsana Tonis, Spiru Haret University, RomaniaSandeep Kumar, Tecnia Institute of Advanced Studies, Affiliated to GGSIP University Delgi, IndiaTetiana Paientko, Kyiv National Economic Univercity, UkraineZeki Atıl Bulut, Dokuz Eylul University, Turkey Ellery WillianmsEditorial AssistantOn behalf of,The Editorial Board of Business and Management StudiesRedfame Publishing9450 SW Gemini Dr. #99416Beaverton, OR 97008, USAURL: http://bms.redfame.com

Probability Aspects of Entrance Exams at University

The entrance examinations tests were shorted from 50 questions to 40 questions at the Faculty of International Relations at University of Economics in Prague due to time reasons. These tests are the multiple choice question tests. The multiple choice question tests are suitable for entrance examinations at University of Economics in Prague - the tests are objective and results can be evaluated quite easily and quickly for large number of students. On the other hand, a student can obtain certain number of points in the test purely by guessing the right answers. This shortening of the tests from 50 questions to 40 questions has negative influence on the probability distributions of number of points in the tests (under assumption of the random choice of answers). Therefore, this paper is suggested a solution of this problem. The comparison of these three ways of acceptance of applicants to study the Faculty of International Relations at University of Economics from probability point of view is performed in present paper. The results of this paper show that there has been a significant improvement of the probability distributions of number of points in the tests. The obtained conclusions can be used for admission process at the Faculty of International Relations in coming years.

The argument that “there is nothing new in the competitive intelligence field”

The argument that “there is nothing new in the competitive intelligence field”

Reviewer Acknowledgements

Business and Management Studies (BMS) would like to acknowledge the following reviewers for their assistance with peer review of manuscripts for this issue. Many authors, regardless of whether BMS publishes their work, appreciate the helpful feedback provided by the reviewers. Their comments and suggestions were of great help to the authors in improving the quality of their papers. Each of the reviewers listed below returned at least one review for this issue. Reviewers for Volume 5, Number 4 Dalia Susniene, Kaunas University of Technology, LithuaniaFlorin Peci, University of Peja, KosovoGabriela O. Chiciudean, University of Agricultural Sciences and Veterinary Medicine Cluj-Napoca, RomaniaIulia Cristina Muresan, University of Agricultural Sciences and Veterinary Medicine Cluj-Napoca, RomaniaJason Caudill, King University, USAJulia Stefanova, Bulgarian Academy of Sciences, BulgariaLucie Andreisová, University of Economics in Prague, CzechMr. Abdul-Kahar Adam, University of Education, Winneba, GhanaProf. Martin Sung, Hubei Economic and Finance University, ChinaRaimundo Lima Filho, University of State of Bahia, BrazilRocsana Tonis, Spiru Haret University, RomaniaSandeep Kumar, Tecnia Institute of Advanced Studies, Affiliated to GGSIP University Delgi, IndiaTetiana Paientko, Kyiv National Economic Univercity, Ukraine Ellery WillianmsEditorial AssistantOn behalf of,The Editorial Board of Business and Management StudiesRedfame Publishing9450 SW Gemini Dr. #99416Beaverton, OR 97008, USAURL: http://bms.redfame.com

Green Consumer Behavior: The Case of Czech Consumers of Generation Y

The aim of this article is to reveal the perception of green marketing by young consumers from Generation Y and present a research model with variables that influence green consumer behavior (GCB). As the main method, we used a questionnaire survey with a sample of 520 respondents, mainly students at the University of Economics in Prague. Results were subjected to exploratory factor analysis, which examined convergent and discriminant validity. Finally, a model with four variables (Environmentalism, Preference, Payment, Tolerance) that influence GCB was confirmed. Recommendations of the research enable us to better understand the reasons why consumers from Generation Y do, or do not, buy green products. Firms can better focus their marketing strategies and communications with respect to variables that influence GCB. This research uncovers Generation Y consumers’ distinct preferences toward GCB. It also contributes to theoretical and practical aspects of GCB and has implications for research and practice, as green marketing continues to be an important issue. In terms of practical application in industry, the research’s outcomes are essential to promote better market demand, segmentation, targeting, and positioning of green products for Generation Y consumers.

LANGUAGE NEEDS ANALYSIS OF STUDENTS OF ECONOMICS

One of the main concerns of educational specialists is the relevance of their programmes to the graduates’ success on today’s highly competitive labour market. As a result of these concerns academics at the English Department of the University of Economics in Prague, Czech Republic decided to conduct a survey of undergraduates, graduates and their major employers as well as the academic staff at the university in order to determine the suitability of English language courses offered to students. The result of this research has been implemented in the adaptation of new teaching materials which aim to satisfy real world requirements. A needs analysis used in this study proved to be very valuable as it emphasises the practices of using multiple sources and multiple methods in the data gathering stage. Triangulation was employed to validate the findings. This type of analysis encouraged the creation of more suitable and appropriate teaching material. Such an analysis also facilitates the collection of information regarding the needs of students and the requirements of other stakeholders.

Homogeneity of the Test Variants in Entrance Exams

The problem of homogeneity of test variants in mathematics, which are used in admission process, is solved in present paper. The analysed data are the results of entrance examination in mathematics at University of Economics in Prague. Different statistical methods (test of hypothesis, correlation, regression) were used for this analyse. These results will be used to further improve of the preparation of test variants in the coming years.

COMPARISON OF THE TEST VARIANTS IN ENTRANCE EXAMINATIONS

The paper contains an analysis of the differences of number of points in the test in mathematics between test variants, which were used in the entrance examinations at the Faculty of Business Administration at University of Economics in Prague in 2015. The differences may arise due to the varying difficulty of variants for students, but also because of the different level of knowledge of students who write these variants. This problem we shall study in present paper. The aim of this paper is to study dependence of the results of entrance examinations in mathematics on test variants. The results obtained will be used for further improvement of the admission process at University of Economics.

DIFFERENCES IN RESULTS OBTAINED BY STUDENTS OF DIFFERENT FACULTIES

The paper presents and discusses the results of statistical analysis of differences among scores obtained by students of different faculties of the University of Economics in Prague. The analysed dataset contains the scores for 2256 students that took basic mathematics course during the academic year 2013/2014. A two way analysis of variance was performed with semester and faculty as main factors. The interaction between these two factors was also considered. Students have to take two tests. At first, the sum of the scores obtained from both tests is analysed and then, the two tests are analysed separately. It turns out that the significance of factors is the same in the three analyses. The assumptions of linear models are verified. Due to problem of heteroscedasticity, weighted least squares are used and the possibility of using Box-Cox transformation is also discussed, as the errors are not normally distributed. Finally, the differences between the faculties are described.

Management of innovation projects in SMEs in the Czech Republic

IntroductionThere is a pending question whether SMEs can use routinely some of sophisticated approaches like Monte Carlo analysis (MC), Stage Gate Control Process (SGCP), or Post implementation review (PIR) which might seem to be demanding for staff skills, training, managing or funding. It has become apparent that in SMEs these activities are not prevalently used on daily basis [Frank & Roessl 2015]. Hardly can the company set up a dedicated team which would be in charge of permanent observation and control of these activities. The point is that these approaches should be in some extent simplified so as to be easily adopted by SME's company staff. Till now, there has been only a partial adaptation (e.g. in small food business [Howieson, Lawley & Selen 2014]) for the decision support concerning innovation project contribution for firm's value creating in the SME's segment. To fill this gap it was necessary to develop implementation models for the application of aforementioned methods which would be instructive enough and easily implemented and operated in SMEs. Research question to be raised in this respect is whether SMEs can easily master any of these methods under strictly confined conditions which are typical for SMEs and make them efficient company value drivers.Such implementation models have been developed in University of Economics in Prague over several past years. Moreover all implementation models had to be tested and validated on innovation projects taken from industrial practice. These real case studies illustrating the topics are described in this paper.1. Innovations and its impact on company value creationAccording to Drucker any company has just two sources for growth - marketing and innovations [Drucker 2008]. Moreover Pitman [2003] proved that long-lasting company value growth was still by far the best indicator of quality of company performance. Exploration of the impact of innovation on company growth is still in spotlight for many researches. Manez et al. [2013] as well as Rochina-Barrachina et al. [2010] examined the effect of process innovation on productivity growth with the emphasis on differences in company size. They concluded that innovation boosted company productivity no matter what company size was. For small firms the productivity growth was only temporary while for large firms the growth was long-lasting. The reason is that the innovation processes in small firms are rather incremental and easy to imitate while innovation processes in large firms are preferably of radical character and therefore unique. Similarly large companies introduce more complex processes dedicated to innovations that have become common knowledge with a longer delay. Rosenbusch, Brinckmann & Bausch [2011] examined relationships between innovation and company performance and found out that this relationship was ambiguous and depended on the context. Factors such as the age of the firm, the type of innovation and the cultural context affected the impact of innovation on firm performance to significantly larger extent [Ates, Garengo, Cocca & Bititci 2013].Winning competitive advantage is usually considered one of basic strategic goals which enables company to outplay competitors and generate value for shareholders. Any company has to possess dynamic capabilities which include difficult-to-replicate enterprise capabilities. These capabilities are required to adapt the company to changing customer and technological opportunities [Teece 2007]. One of the most significant capability is company ability to innovate. Strategic innovation consists of four different processes that are already challenging on their own: (1) strategising, (2) entrepreneuring, (3) changing, (4) investing. Managers must think of the entire process, from idea generation and managing the renewal process up to the successful implementation of the innovation [de Witt & Meyer 2014, pp. 437-440]. For the innovation to be a customer value generator is essential to be properly designed and timely launched. …

Perspectives of Simplified Graphical Domain-Specific Languages as Communication Tools in Developing Mobile Systems for Reporting Life-Threatening Situations

Abstract Reporting systems, based on mobile technologies and feedback from regular citizens, are constantly gaining popularity, especially when it comes to environmental and cultural heritage protection. Reporting life-threatening situations, such as sudden natural disasters or traffic accidents, constitutes the same class of problems and could be aided by IT systems of similar architecture. Emergency services also could benefit from such kinds of solutions, e.g., by getting an accurate location of the place where help is needed as well as fast exchange of information. Designing and developing systems for reporting life-threatening situations is not a trivial task, requiring tight cooperation among software developers and experts of different domains, who most likely would have trouble with industrially recognized languages and notations. Thus, the question is whether using simplified graphical domain-specific languages (SGDSLs) could help in creating a common communication platform. In order to answer that question, short workshops were conducted at the University of Economics in Prague, Czech Republic and in Lublin, Poland. They involved people trained during their studies to work in administration and emergency services, among others, as policy makers, medicine specialists, environmentalists, or managers. All participants received brief training in graphical modeling languages in the context of modeling mobile applications and were asked to voluntarily fill in an anonymous survey in order to check their knowledge about and attitude toward the presented technologies. Most respondents claimed that SGDSLs oriented on defining a flow of actions might be valuable as tools for creating a common communication platform.

COMPARISON OF THE WAYS OF ACCEPTANCE STUDENTS AT UNIVERSITY

The paper reports on an analysis of the entrance examinations at the Faculty of Informatics and Statistics at University of Economics in Prague. Applicants can be accepted to this faculty by three ways. The aim of this paper is to compare these ways of acceptance students at the Faculty of Informatics and Statistics at University of Economics in Prague and to study dependence of the results of entrance examinations in mathematics on test variants. Results of this analysis can be used for improvement of the entrance examinations at the Faculty of Informatics and Statistics at University of Economics in coming years.

Dependence of the Results of Entrance Examinations on Test Variants

The paper reports and discusses the results of the entrance examinations in mathematics at the Faculty of Informatics and Statistics at University of Economics in Prague. There was a significant change in test variants in mathematics in 2013. We shall study dependence of the results of entrance examinations on test variants. In addition, we shall compare the distributions of the number of points in the test in mathematics in 2013 and in the previous year. The obtained results will be used to design further changes in the test variants in mathematics in the coming years.

AN ANALYSIS OF THE STUDY PLAN OF THE PROFESSIONALLY ORIENTED BACHELOR STUDY FIELD OF MULTIMEDIA IN ECONOMIC PRACTISE

This paper focuses on the study field of Multimedia in Economic Practise which has been taught at the University of Economics in Prague since 2011. This study field has its first graduates which is the reason for a re-examination of the profile of graduates according to the structure of subjects in the study plan. This paper describes evolution of the study field, its content, main idea and structure of its students. It presents two main groups of occupations for graduates with dependence on requirements for student’s additional independent activities beyond the study. The analytical part shows five examples of comparison of the course relevance according to the opinion of students and academic staff. The conclusions from the survey will enable academic staff of the study field to the reconsider the future development of the study field.

Inovativní přístup k rozvoji Informačního managementu magisterského oboru studia na VŠE v Praze

Rostoucí globalizace, konkurence, ale i ekonomická situace u nás i ve světě, silný rozvoj technologií a rychlé změny v organizacích jsou jen malým výčtem důležitých faktorů, proč se stávají inovativní myšlenky a přístupy stále důležitější i na univerzitách. Cílem tohoto příspěvku je přispět k inovaci magisterského oboru studia Informační management na VŠE v Praze. Příspěvek vychází z teoretických přístupů k pojetí informačního managementu a zároveň mapuje a porovnává současný stav a přístupy vybraných univerzit k magisterskému studijnímu oboru Informační management. Doporučení vycházejí zejména z průzkumu u absolventů oboru Informačního managementu z Fakulty informatiky a statistiky VŠE v Praze, kteří jsou delší dobu zaměstnaní v praxi.

Random Effects in the Entrance Examinations

In this paper we shall study a risk of acceptance students with lower performance levels when the multiple choice question tests are applied for entrance examinations. We shall use the entrance examinations at the Faculty of International Relations at University of Economics in Prague. In this case a model of binomial distribution can be used to answer the following questions (under assumption of random choice of answers): what is probability that number of right answers exceeds given number, what is expected number of right answers, etc. The results obtained in the analysis may be used for considerations about how well the results in test can discriminate between students with high level of abilities and students with lower performance levels.

Národní účetní rada a její vliv na české účetnictví

Článek se zabývá Národní účetní radou, která je sdružením profesních subjektů týkajících se účetnictví v České republice. Sdružuje Komoru auditorů ČR, Komoru daňových poradců ČR, Svaz účetních a Vysokou školu ekonomickou v Praze. Jejím cílem je podpořit rozvoj účetní profese a metodiku českého účetnictví. Tento cíl se snaží naplňovat svou prací, která je soustředěna zejména do vydávání Interpretací k českým účetním předpisům, kde existuje sporné řešení nebo jejich řešení není jednoznačné. Jak vyplývá z provedených výzkumů, práce NÚR má dopad na praxi účetních jednotek a účetní profesi (např. většina daňových poradců zná interpretace a použila je ve své praxi). Přestože interpretace nejsou součástí regulačního systému účetnictví v ČR, představují odborný názor opřený o vysokou profesní prestiž členů NÚR a proto jsou odbornou praxí respektovány.