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Volume 58 (2022): Issue 2 (June 2022)

Volume 58 (2022): Issue 1 (March 2022)

Volume 57 (2021): Issue 4 (December 2021)

Volume 57 (2021): Issue 3 (September 2021)

Volume 57 (2021): Issue 2 (June 2021)

Volume 57 (2021): Issue 1 (March 2021)

Volume 56 (2020): Issue 4 (December 2020)

Volume 56 (2020): Issue 3 (September 2020)

Volume 56 (2020): Issue 2 (June 2020)

Volume 56 (2020): Issue 1 (March 2020)

Volume 55 (2019): Issue 4 (December 2019)

Volume 55 (2019): Issue 3 (September 2019)

Volume 55 (2019): Issue 2 (June 2019)

Volume 55 (2019): Issue 1 (March 2019)

Volume 54 (2018): Issue 4 (December 2018)

Volume 54 (2018): Issue 3 (September 2018)

Volume 54 (2018): Issue 2 (June 2018)

Volume 54 (2018): Issue 1 (March 2018)

Volume 53 (2017): Issue 4 (December 2017)

Volume 53 (2017): Issue 3 (September 2017)

Volume 53 (2017): Issue 2 (June 2017)

Volume 53 (2017): Issue 1 (March 2017)

Volume 52 (2016): Issue 1 (December 2016)

Volume 51 (2016): Issue 1 (September 2016)

Volume 50 (2016): Issue 1 (June 2016)

Volume 49 (2016): Issue 1 (March 2016)

Volume 48 (2015): Issue 1 (December 2015)

Volume 47 (2015): Issue 1 (September 2015)

Volume 46 (2015): Issue 1 (June 2015)

Volume 45 (2015): Issue 1 (March 2015)

Volume 44 (2014): Issue 1 (December 2014)

Volume 43 (2014): Issue 1 (September 2014)

Volume 42 (2014): Issue 1 (June 2014)

Volume 41 (2014): Issue 1 (March 2014)

Volume 40 (2013): Issue 1 (December 2013)

Volume 39 (2013): Issue 1 (September 2013)

Volume 38 (2013): Issue 1 (June 2013)

Volume 37 (2013): Issue 1 (March 2013)

Journal Details
Format
Journal
eISSN
2543-5361
First Published
17 Oct 2014
Publication timeframe
4 times per year
Languages
English

Search

Volume 44 (2014): Issue 1 (December 2014)

Journal Details
Format
Journal
eISSN
2543-5361
First Published
17 Oct 2014
Publication timeframe
4 times per year
Languages
English

Search

7 Articles
Open Access

Capability Building and Learning: An Emergent Behavior Approach

Published Online: 10 Apr 2015
Page range: 7 - 38

Abstract

Abstract

Economics-based models of firms typically overlook management acts and capability development. We propose a model that analyzes the aggregate behavior of a population of firms resulting from both specific management decisions and learning processes, that induce changes in companies’ capabilities. Decisions are made under imperfect information and bounded rationality, and managers may sacrifice short-term performance in exchange for qualitative outcomes that affect their firm’s future potential. The proposed model provides a structured setting in which these issues -often discussed only informally- can be systematically analyzed through simulation, producing a variety of hard-to-anticipate emergent behaviors. Economic performance is quite sensitive to managers’ estimates of their firms’ capabilities, and companies willing to sacrifice short-run results for future potential appear to be more stable than the rest. Also, bounded rationality can produce chaotic dynamics reminiscent of real life situations.

Keywords

  • Capability building vs. economic performance
  • imperfect information
  • learning
  • bounded rationality
Open Access

Competitiveness, Emu and Cohesion Experiences in the Past (2000–2013); Assessment of the Present (2014–2020) and Lessons for the Future (2020 and Beyond)

Published Online: 10 Apr 2015
Page range: 39 - 50

Abstract

Abstract

The European Union has adopted several strategies to cope with a set of inter-related problems. The best known is the Europe 2020 strategy with its focus on smart, sustainable and inclusive growth. Another is fostering balanced macro growth via a strengthening of the EMU. Finally the cohesion policy has to cope with spatial unbalances. The objective of this paper is to highlight the main issues in three policy fields: competitiveness, EMU and cohesion.1 Two scenarios for post 2020 development are described, which show the need for further strengthening of EU policies and of the quality of government at all levels.

Keywords

  • European Union
  • Competitiveness
  • EMU
  • Cohesion
  • Scenarios beyond 2020
Open Access

Firm Size, Competition, Financing and Innovation

Published Online: 10 Apr 2015
Page range: 51 - 73

Abstract

Abstract

This paper investigates the effects of firm size, competition and access to finance on the innovation performance of that firm. After a review of the relevant literature, three logit models are proposed and tested. The empirical analysis is based on the business environment and enterprise performance survey (BEEPS) for 1053 enterprises from twenty-six countries in years 2002 and 2005. Our results suggest a positive and statistically significant relationship between firm size and innovation. We also find a positive relationship between both competition and access to finance with innovation.

Keywords

  • access to financing
  • firm size
  • innovation and competition
Open Access

Effect of Celebrity Endorsement in Advertising Activities by Product Type

Published Online: 10 Apr 2015
Page range: 74 - 91

Abstract

Abstract

This article seeks to answer two related questions: are celebrity endorsements more likely to be result in a higher evaluation of the product being advertised than use of an anonymous individual (e.g. a typical consumer); and, if present, do these positive effects vary by product category? To answer these two questions research was conducted on a 237 student sample employing a quasi-experiment consisting of four groups (two product categories and two types of endorsers) using data collected through an online survey. The results indicate that celebrity endorsements do have a positive impact on the evaluation of durable goods, but do not affect the evaluation of frequently purchased products. This finding largely confirms the assumptions of the match-up model, the meaning transfer model, and the ELM model.

Keywords

  • celebrity endorsement
  • endorser
  • advertising
  • brand
Open Access

Impact of Insurance Market on Economic Growth in Post-Transition Countries

Published Online: 10 Apr 2015
Page range: 92 - 105

Abstract

Abstract

The purpose of this work is to identify whether the development of an insurance market is linked to economic growth in former transition countries. A multiple regression analysis is employed to estimate the insurance-growth relationship, using a cross-country panel dataset analysis tracking annual total insurance penetration in 10 countries over the 2000-2012 period, and applying a fixed effect model to test the hypothesis that this linkage is demonstrably positive. The results show a negative and statistically non-significant correlation between insurance and GDP growth, suggesting a lack of evidence that insurance promotes economic growth in post-transition economies.

Keywords

  • insurance sector
  • GDP
  • total insurance penetration
  • economic growth
  • post-transition countries
Open Access

Validating Dart Model

Published Online: 10 Apr 2015
Page range: 106 - 125

Abstract

Abstract

The primary objective of the study was to quantitatively test the DART model, which despite being one of the most popular representations of co-creation concept was so far studied almost solely with qualitative methods. To this end, the researchers developed a multiple measurement scale and employed it in interviewing managers. The statistical evidence for adequacy of the model was obtained through CFA with AMOS software. The findings suggest that the DART model may not be an accurate representation of co-creation practices in companies. From the data analysis it was evident that the building blocks of DART had too much of conceptual overlap to be an effective framework for quantitative analysis. It was also implied that the phenomenon of co-creation is so rich and multifaceted that it may be more adequately captured by a measurement model where co-creation is conceived as a third-level factor with two layers of intermediate latent variables.

Keywords

  • DART
  • co-creation
  • measurement scale
  • survey
  • Polish companies
Open Access

Book Review Krzysztof Falkowski – „Międzynarodowa Konkurencyjność Gospodarek Białorusi, Rosji I Ukrainy” („International Competitiveness Of The Economies Of Belarus, Russia And Ukraine”), Warsaw School Of Economics, Warsaw 2013, P. 248

Published Online: 10 Apr 2015
Page range: 126 - 128

Abstract

7 Articles
Open Access

Capability Building and Learning: An Emergent Behavior Approach

Published Online: 10 Apr 2015
Page range: 7 - 38

Abstract

Abstract

Economics-based models of firms typically overlook management acts and capability development. We propose a model that analyzes the aggregate behavior of a population of firms resulting from both specific management decisions and learning processes, that induce changes in companies’ capabilities. Decisions are made under imperfect information and bounded rationality, and managers may sacrifice short-term performance in exchange for qualitative outcomes that affect their firm’s future potential. The proposed model provides a structured setting in which these issues -often discussed only informally- can be systematically analyzed through simulation, producing a variety of hard-to-anticipate emergent behaviors. Economic performance is quite sensitive to managers’ estimates of their firms’ capabilities, and companies willing to sacrifice short-run results for future potential appear to be more stable than the rest. Also, bounded rationality can produce chaotic dynamics reminiscent of real life situations.

Keywords

  • Capability building vs. economic performance
  • imperfect information
  • learning
  • bounded rationality
Open Access

Competitiveness, Emu and Cohesion Experiences in the Past (2000–2013); Assessment of the Present (2014–2020) and Lessons for the Future (2020 and Beyond)

Published Online: 10 Apr 2015
Page range: 39 - 50

Abstract

Abstract

The European Union has adopted several strategies to cope with a set of inter-related problems. The best known is the Europe 2020 strategy with its focus on smart, sustainable and inclusive growth. Another is fostering balanced macro growth via a strengthening of the EMU. Finally the cohesion policy has to cope with spatial unbalances. The objective of this paper is to highlight the main issues in three policy fields: competitiveness, EMU and cohesion.1 Two scenarios for post 2020 development are described, which show the need for further strengthening of EU policies and of the quality of government at all levels.

Keywords

  • European Union
  • Competitiveness
  • EMU
  • Cohesion
  • Scenarios beyond 2020
Open Access

Firm Size, Competition, Financing and Innovation

Published Online: 10 Apr 2015
Page range: 51 - 73

Abstract

Abstract

This paper investigates the effects of firm size, competition and access to finance on the innovation performance of that firm. After a review of the relevant literature, three logit models are proposed and tested. The empirical analysis is based on the business environment and enterprise performance survey (BEEPS) for 1053 enterprises from twenty-six countries in years 2002 and 2005. Our results suggest a positive and statistically significant relationship between firm size and innovation. We also find a positive relationship between both competition and access to finance with innovation.

Keywords

  • access to financing
  • firm size
  • innovation and competition
Open Access

Effect of Celebrity Endorsement in Advertising Activities by Product Type

Published Online: 10 Apr 2015
Page range: 74 - 91

Abstract

Abstract

This article seeks to answer two related questions: are celebrity endorsements more likely to be result in a higher evaluation of the product being advertised than use of an anonymous individual (e.g. a typical consumer); and, if present, do these positive effects vary by product category? To answer these two questions research was conducted on a 237 student sample employing a quasi-experiment consisting of four groups (two product categories and two types of endorsers) using data collected through an online survey. The results indicate that celebrity endorsements do have a positive impact on the evaluation of durable goods, but do not affect the evaluation of frequently purchased products. This finding largely confirms the assumptions of the match-up model, the meaning transfer model, and the ELM model.

Keywords

  • celebrity endorsement
  • endorser
  • advertising
  • brand
Open Access

Impact of Insurance Market on Economic Growth in Post-Transition Countries

Published Online: 10 Apr 2015
Page range: 92 - 105

Abstract

Abstract

The purpose of this work is to identify whether the development of an insurance market is linked to economic growth in former transition countries. A multiple regression analysis is employed to estimate the insurance-growth relationship, using a cross-country panel dataset analysis tracking annual total insurance penetration in 10 countries over the 2000-2012 period, and applying a fixed effect model to test the hypothesis that this linkage is demonstrably positive. The results show a negative and statistically non-significant correlation between insurance and GDP growth, suggesting a lack of evidence that insurance promotes economic growth in post-transition economies.

Keywords

  • insurance sector
  • GDP
  • total insurance penetration
  • economic growth
  • post-transition countries
Open Access

Validating Dart Model

Published Online: 10 Apr 2015
Page range: 106 - 125

Abstract

Abstract

The primary objective of the study was to quantitatively test the DART model, which despite being one of the most popular representations of co-creation concept was so far studied almost solely with qualitative methods. To this end, the researchers developed a multiple measurement scale and employed it in interviewing managers. The statistical evidence for adequacy of the model was obtained through CFA with AMOS software. The findings suggest that the DART model may not be an accurate representation of co-creation practices in companies. From the data analysis it was evident that the building blocks of DART had too much of conceptual overlap to be an effective framework for quantitative analysis. It was also implied that the phenomenon of co-creation is so rich and multifaceted that it may be more adequately captured by a measurement model where co-creation is conceived as a third-level factor with two layers of intermediate latent variables.

Keywords

  • DART
  • co-creation
  • measurement scale
  • survey
  • Polish companies
Open Access

Book Review Krzysztof Falkowski – „Międzynarodowa Konkurencyjność Gospodarek Białorusi, Rosji I Ukrainy” („International Competitiveness Of The Economies Of Belarus, Russia And Ukraine”), Warsaw School Of Economics, Warsaw 2013, P. 248

Published Online: 10 Apr 2015
Page range: 126 - 128

Abstract

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