Rivista e Edizione

AHEAD OF PRINT

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Dettagli della rivista
Formato
Rivista
eISSN
2543-5361
Pubblicato per la prima volta
17 Oct 2014
Periodo di pubblicazione
4 volte all'anno
Lingue
Inglese

Cerca

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

Dettagli della rivista
Formato
Rivista
eISSN
2543-5361
Pubblicato per la prima volta
17 Oct 2014
Periodo di pubblicazione
4 volte all'anno
Lingue
Inglese

Cerca

9 Articoli

Editorial

access type Accesso libero

Editorial

Pubblicato online: 31 Dec 2021
Pagine: 285 - 286

Astratto

Empirical Paper

access type Accesso libero

The effect of uncertainty on negative discounting

Pubblicato online: 31 Dec 2021
Pagine: 287 - 298

Astratto

Abstract

The preference to receive benefits as early as possible and delay costs as much as possible is natural for people. That means a positive discount rate in the intertemporal choice, which is a common assumption in economics. However, as research in behavioral economics proves, in certain situations a negative discount rate occurs. The purpose of this paper is to show that the assumption of positive discounting is not always true. The presented experimental study shows how a decrease in probability increases the chances of negative discounting. According to the results, the expected large, uncertain profit is more likely to be deferred over time than a certain profit of the same value. On the other hand, the expected large, uncertain loss is more willingly experienced earlier than a certain loss of the same value. In both cases, it means an increase in the frequency of negative discounting due to increased uncertainty. The results of the study broaden the existing knowledge about the impact of probability on discounting in a situation of expected losses and the area of negative discounting.

Parole chiave

  • behavioural economics
  • intertemporal choice
  • negative discounting
  • uncertainty

JEL Classification

  • D15
  • D91
access type Accesso libero

The impact of customer capital on company's market value: An empirical study from 100 U.S. stock market leaders

Pubblicato online: 31 Dec 2021
Pagine: 299 - 312

Astratto

Abstract Objective

The aim of the paper is to establish the relationship between the customer capital and the company's market value (MV). Examining this impact seems justified as the topic has been rarely investigated till now.

Methods

The regression analysis was used to achieve the research objective. We analyzed reports of 100 U.S. stock market leaders for 2018, which were prepared in accordance with the requirements of International Financial Reporting Standard 3 «Business Combinations» and included information about customer capital.

Findings

The hypothesis that the customer capital has a direct impact on the company's MV is confirmed by the results of this study.

Practical implication

The proposed regression model (Model 3) can be used for needs of value-based management.

Originality/value

Customer capital as a tool of value-based management is a poorly studied topic in the context of understanding the importance of the role of intangibles in creating value for company.

Parole chiave

  • customer capital
  • goodwill
  • intangible assets
  • market value
  • research and development costs

JEL Classification

  • D24
  • E22
  • G32
  • L14
access type Accesso libero

Strategic thinkers and their characteristics: toward a multimethod typology development

Pubblicato online: 30 Dec 2021
Pagine: 313 - 330

Astratto

Abstract Objective

We aimed to explore the strategic thinking concept by searching for differences within the population of strategic thinkers to contribute to the development of the “strategic thinking” concept.

Methods applied

To answer the research questions and achieve the research aim, we implemented the following research methods: a systematic literature review and biographical studies.

Findings

(1) As the first stage in researching strategic thinking, the qualitative approach is recommended. (2) The main features of strategic thinkers are a strategic perspective and a reflective style of thinking. (3) Two groups of differentiating features have been identified: features concerning the content of strategic thinking; and features concerning the process of strategic thinking.

Originality/value

Most academic research on strategic thinkers concentrates on the common characteristics and similarities, while little attention has been paid to features that internally differentiate the population of strategic thinkers. Our main contribution to the literature is filling this knowledge gap.

Parole chiave

  • biographical method
  • strategic thinkers
  • strategic thinking
  • systematic literature review

JEL Classification

  • D22
  • L2
access type Accesso libero

The importance of emotional intelligence for the sales associates profession as a mediation between job stress and job satisfaction

Pubblicato online: 27 Nov 2021
Pagine: 331 - 342

Astratto

Abstract

Sales associates need emotional intelligence (EI) in dealing with job stress and perceived job satisfaction. So far, there has been no research that explains the effect of job stress on job satisfaction with EI as a mediating variable in the sales associate profession. This study examines EI's role in managing job stress allows sales associates to achieve job satisfaction. The population in this study is comprised of sales associates in Jakarta-Indonesia, who work in malls that target middle to upper-class level customers, with a sample size of 100 respondents. The sampling technique used was accidental sampling; the analysis uses the simple mediation model with the macro process through SPSS process 22.0 for Windows using ordinary least squares and logistic regression path analysis modeling. The finding reveals that the higher the level of EI, the stronger the extent to which the relationship between job stress and job satisfaction is mediated.

Parole chiave

  • emotional intelligence
  • job satisfaction
  • job stress
  • sales associate

JEL Classification

  • D23
  • L84
  • M53
  • O15

Conceptual Paper

access type Accesso libero

Role of the state in implementation of strategic investment projects: The SaHo Model for nuclear power

Pubblicato online: 13 Oct 2021
Pagine: 343 - 359

Astratto

Abstract

The purpose of the paper is to present an innovative business model, the SaHo Model, designed specifically to enable the Polish government to implement nuclear power development plans, which can be possibly used in other countries and in sectors requiring high capital expenditures. The SaHo Model solves the problems identified in the nuclear energy sector, which are related to high investment risk and high costs of capital at the investment stage, and ensures revenues after connection to the grid. Since the state is the investor at the initial stages, it takes over most of the risk in the short term. Selling the shares before connection to the grid, the state significantly reduces the financial involvement in the long term. From then on, the SaHo Model works similar to the Finnish Mankala or American electric cooperative models, producing and selling energy to their shareholders at production costs. None of the models used so far in nuclear energy provides such opportunities. The SaHo Model allows to enhance the competitiveness of the national industry and to increase public acceptance for nuclear power. Thus, it is not only a business model but also a concept for the functioning of the nuclear industry.

Parole chiave

  • business model
  • nuclear power development

JEL Classification

  • G18
  • G31
  • Q48
access type Accesso libero

Disputes over the reasons for Sweden's economic success: Nima Sanandaji and his critics

Pubblicato online: 31 Dec 2021
Pagine: 360 - 372

Astratto

Abstract

I analyze selected views of the well-known Swedish analyst of Nordic economies, Nima Sanandaji, on the reasons for the economic (and social) successes of Sweden and other Nordic countries in the 20th and 21st centuries. My aim is not to provide a detailed and full appraisal of these views but to confront them with the arguments of Sanandaji's critics. Only occasionally do I supplement the arguments of Sanandaji's commentators with additional comments of my own.

In particular, my interests include the following theses of Sanandaji: the thesis that Sweden's prosperity arose before the development of the welfare state, which contributed little to its creation; the thesis that other Swedish successes (health, small inequalities, equal opportunities) are wrongly attributed to the Swedish welfare state or are far from complete; the thesis that there is very limited scope for other countries to copy the Swedish (Nordic) experience.

In the Conclusion, I comment on the reception of Sanandaji's views in Poland.

Parole chiave

  • economic history of Sweden
  • Nordic model
  • Sweden

JEL Classification

  • N14
  • O11
  • O52

Book review

access type Accesso libero

Book review: The economic and legal impact of COVID-19. The case of Poland

Pubblicato online: 22 Nov 2021
Pagine: 373 - 375

Astratto

access type Accesso libero

List of IJME reviewers in 2021

Pubblicato online: 31 Dec 2021
Pagine: 376 - 377

Astratto

9 Articoli

Editorial

access type Accesso libero

Editorial

Pubblicato online: 31 Dec 2021
Pagine: 285 - 286

Astratto

Empirical Paper

access type Accesso libero

The effect of uncertainty on negative discounting

Pubblicato online: 31 Dec 2021
Pagine: 287 - 298

Astratto

Abstract

The preference to receive benefits as early as possible and delay costs as much as possible is natural for people. That means a positive discount rate in the intertemporal choice, which is a common assumption in economics. However, as research in behavioral economics proves, in certain situations a negative discount rate occurs. The purpose of this paper is to show that the assumption of positive discounting is not always true. The presented experimental study shows how a decrease in probability increases the chances of negative discounting. According to the results, the expected large, uncertain profit is more likely to be deferred over time than a certain profit of the same value. On the other hand, the expected large, uncertain loss is more willingly experienced earlier than a certain loss of the same value. In both cases, it means an increase in the frequency of negative discounting due to increased uncertainty. The results of the study broaden the existing knowledge about the impact of probability on discounting in a situation of expected losses and the area of negative discounting.

Parole chiave

  • behavioural economics
  • intertemporal choice
  • negative discounting
  • uncertainty

JEL Classification

  • D15
  • D91
access type Accesso libero

The impact of customer capital on company's market value: An empirical study from 100 U.S. stock market leaders

Pubblicato online: 31 Dec 2021
Pagine: 299 - 312

Astratto

Abstract Objective

The aim of the paper is to establish the relationship between the customer capital and the company's market value (MV). Examining this impact seems justified as the topic has been rarely investigated till now.

Methods

The regression analysis was used to achieve the research objective. We analyzed reports of 100 U.S. stock market leaders for 2018, which were prepared in accordance with the requirements of International Financial Reporting Standard 3 «Business Combinations» and included information about customer capital.

Findings

The hypothesis that the customer capital has a direct impact on the company's MV is confirmed by the results of this study.

Practical implication

The proposed regression model (Model 3) can be used for needs of value-based management.

Originality/value

Customer capital as a tool of value-based management is a poorly studied topic in the context of understanding the importance of the role of intangibles in creating value for company.

Parole chiave

  • customer capital
  • goodwill
  • intangible assets
  • market value
  • research and development costs

JEL Classification

  • D24
  • E22
  • G32
  • L14
access type Accesso libero

Strategic thinkers and their characteristics: toward a multimethod typology development

Pubblicato online: 30 Dec 2021
Pagine: 313 - 330

Astratto

Abstract Objective

We aimed to explore the strategic thinking concept by searching for differences within the population of strategic thinkers to contribute to the development of the “strategic thinking” concept.

Methods applied

To answer the research questions and achieve the research aim, we implemented the following research methods: a systematic literature review and biographical studies.

Findings

(1) As the first stage in researching strategic thinking, the qualitative approach is recommended. (2) The main features of strategic thinkers are a strategic perspective and a reflective style of thinking. (3) Two groups of differentiating features have been identified: features concerning the content of strategic thinking; and features concerning the process of strategic thinking.

Originality/value

Most academic research on strategic thinkers concentrates on the common characteristics and similarities, while little attention has been paid to features that internally differentiate the population of strategic thinkers. Our main contribution to the literature is filling this knowledge gap.

Parole chiave

  • biographical method
  • strategic thinkers
  • strategic thinking
  • systematic literature review

JEL Classification

  • D22
  • L2
access type Accesso libero

The importance of emotional intelligence for the sales associates profession as a mediation between job stress and job satisfaction

Pubblicato online: 27 Nov 2021
Pagine: 331 - 342

Astratto

Abstract

Sales associates need emotional intelligence (EI) in dealing with job stress and perceived job satisfaction. So far, there has been no research that explains the effect of job stress on job satisfaction with EI as a mediating variable in the sales associate profession. This study examines EI's role in managing job stress allows sales associates to achieve job satisfaction. The population in this study is comprised of sales associates in Jakarta-Indonesia, who work in malls that target middle to upper-class level customers, with a sample size of 100 respondents. The sampling technique used was accidental sampling; the analysis uses the simple mediation model with the macro process through SPSS process 22.0 for Windows using ordinary least squares and logistic regression path analysis modeling. The finding reveals that the higher the level of EI, the stronger the extent to which the relationship between job stress and job satisfaction is mediated.

Parole chiave

  • emotional intelligence
  • job satisfaction
  • job stress
  • sales associate

JEL Classification

  • D23
  • L84
  • M53
  • O15

Conceptual Paper

access type Accesso libero

Role of the state in implementation of strategic investment projects: The SaHo Model for nuclear power

Pubblicato online: 13 Oct 2021
Pagine: 343 - 359

Astratto

Abstract

The purpose of the paper is to present an innovative business model, the SaHo Model, designed specifically to enable the Polish government to implement nuclear power development plans, which can be possibly used in other countries and in sectors requiring high capital expenditures. The SaHo Model solves the problems identified in the nuclear energy sector, which are related to high investment risk and high costs of capital at the investment stage, and ensures revenues after connection to the grid. Since the state is the investor at the initial stages, it takes over most of the risk in the short term. Selling the shares before connection to the grid, the state significantly reduces the financial involvement in the long term. From then on, the SaHo Model works similar to the Finnish Mankala or American electric cooperative models, producing and selling energy to their shareholders at production costs. None of the models used so far in nuclear energy provides such opportunities. The SaHo Model allows to enhance the competitiveness of the national industry and to increase public acceptance for nuclear power. Thus, it is not only a business model but also a concept for the functioning of the nuclear industry.

Parole chiave

  • business model
  • nuclear power development

JEL Classification

  • G18
  • G31
  • Q48
access type Accesso libero

Disputes over the reasons for Sweden's economic success: Nima Sanandaji and his critics

Pubblicato online: 31 Dec 2021
Pagine: 360 - 372

Astratto

Abstract

I analyze selected views of the well-known Swedish analyst of Nordic economies, Nima Sanandaji, on the reasons for the economic (and social) successes of Sweden and other Nordic countries in the 20th and 21st centuries. My aim is not to provide a detailed and full appraisal of these views but to confront them with the arguments of Sanandaji's critics. Only occasionally do I supplement the arguments of Sanandaji's commentators with additional comments of my own.

In particular, my interests include the following theses of Sanandaji: the thesis that Sweden's prosperity arose before the development of the welfare state, which contributed little to its creation; the thesis that other Swedish successes (health, small inequalities, equal opportunities) are wrongly attributed to the Swedish welfare state or are far from complete; the thesis that there is very limited scope for other countries to copy the Swedish (Nordic) experience.

In the Conclusion, I comment on the reception of Sanandaji's views in Poland.

Parole chiave

  • economic history of Sweden
  • Nordic model
  • Sweden

JEL Classification

  • N14
  • O11
  • O52

Book review

access type Accesso libero

Book review: The economic and legal impact of COVID-19. The case of Poland

Pubblicato online: 22 Nov 2021
Pagine: 373 - 375

Astratto

access type Accesso libero

List of IJME reviewers in 2021

Pubblicato online: 31 Dec 2021
Pagine: 376 - 377

Astratto

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