European Journal of Business Science and Technology, 2019 (vol. 5), issue 1
Venture Capital and the Use of Convertible Securities and Control Rights Covenants: A Fuzzy Set Approach
Maria do Rosario Correia, Raquel F. Ch. Meneses
European Journal of Business Science and Technology 2019, 5(1):5-20 | DOI: 10.11118/ejobsat.v5i1.152 
Although venture capital is considered crucial for promoting economic development and innovation, not much has been done regarding the use of complex financing contracts in venture capital backed investments. In this study we investigate the use of convertible securities and control rights covenants for a sample of 15 Portuguese venture capital firms. We use a relatively new methodology in business and management sciences - fuzzy set Qualitative Comparative Analysis - that considers both quantitative and qualitative factors for obtaining a solution that best fits the empirical data. Our results show that the use of convertible securities is affected...
Optimization of Gini Coefficient Affected by Imperfect Input Data
Petr David
European Journal of Business Science and Technology 2019, 5(1):21-29 | DOI: 10.11118/ejobsat.v5i1.160
Most indicators used for determining the distributional effects of taxes as well as the inequality in the income distribution are based on the Gini coefficient and the Lorenz curve to a substantial extent, although the potential application of the Gini coefficient itself is much larger. However, the Lorenz curve and in particular the Gini coefficient need not present precise information on income or the distribution of wealth in a society. The Gini coefficient values may be affected by the form of the input data. We have ascertained that the level of Gini coefficient distortion depends on the number of households included in the research given that...
Impact of Savings on Capitalization: Case of Southeast Asian Economies
Gábor Kutasi, Andrea Lőrincz, Eszter Szabó
European Journal of Business Science and Technology 2019, 5(1):30-40 | DOI: 10.11118/ejobsat.v5i1.155
The study analyses the economics intuition that the domestic savings may determine the investments in a country. The assumption is tested on domestic savings between 1982 and 2016 in Southeast Asia economies in a panel regression framework. The hypothesis is that domestic savings stimulate economic growth through investment financing and, thus, the high savings rate observed in Southeast Asian countries can contribute to the outstanding GDP growth in the region. The tests sort out the significant determinants of investments. The analysis successfully indicates the significance of domestic savings beside other variables, and confirms the hypothesis,...
Dynamic Alignment of Digital Supply Chain Business Models
Jochen Nürk
European Journal of Business Science and Technology 2019, 5(1):41-82 | DOI: 10.11118/ejobsat.v5i1.161
A model for managing strategic alignment and dynamic capabilities (DC) of Supply Chain Management (SCM) information systems (IS) has been developed and applied to a traditional German steel company and a highly innovative Austrian steel company. Different concepts of leading researchers have been combined to get a holistic and detailed view of IS capabilities' impact on strategic fit. The model enables companies to identify ideal levels to strategic fit needed from SC integration and its antecedents for predefining architectural artefacts as sources for dynamic capabilities. The study contributes to new insights into the IT productivity paradox, where...
Mind Your Space! Desk Sharing Working Environments and Employee Commitment in Austria
Maira Worek, Barbara Covarrubias Venegas, Sonja Thury
European Journal of Business Science and Technology 2019, 5(1):83-97 | DOI: 10.11118/ejobsat.v5i1.159
This paper empirically examines the influence of desk sharing on the various forms of employee commitment. Previous literature has examined the influence of innovative workspace on employee satisfaction as well as the possible the benefits and disadvantages of desk sharing, but not the influence desk sharing may have on employee commitment. Our study examines the level of commitment in organisations that apply desk sharing compared to those with traditional office settings, finding that desk sharing does not necessarily have a negative influence on commitment. Indeed, desk sharing employees show higher level of affective commitment when applied moderately....
Perceptual Carrying Capacity and Trade Fairs – Eye Tracking Experiment
Jan Vrána, Michal Pšurný, Ondřej Dufek, Stanislav Mokrý
European Journal of Business Science and Technology 2019, 5(1):98-106 | DOI: 10.11118/ejobsat.v5i1.154
This study was focused on application of perceptual carrying capacity concept in the environment of trade fairs. The main contribution of this study is exploration of customers' attitude towards overcrowding at trade fairs as there is not known any study with focus on these events. For this purpose, the eye tracking experiment was conducted, where different images depicting different level of visitors were used. In addition, the aim of the study was to identify what is at the centre of people's attention when looking at photographs taken at trade fairs. The study was conducted with 30 respondents from generation Y. The results imply that the number...
Comparison of Transitional Theories to Post-Scarcity in Science-Fiction Literature
Michal Mizerák
European Journal of Business Science and Technology 2019, 5(1):107-123 | DOI: 10.11118/ejobsat.v5i1.144
Scarcity, or limited resources, is the fundamental economic problem the humanity faces continuously. Without it, economics would be meaningless. Science-fiction literature depicts societies where abundance is becoming persistent feature. Humans no longer participate in the production process itself, machines become sentient thanks to artificial intelligence and everyone has access to all goods and services desired. Scarcity as a multiple-born phenomenon, namely originating with labour and land, has been eradicated. Everyone is fully satisfied, exchange is non-existing, the medium of exchange - money - is no longer required. This paper compares some...