European Journal of Business Science and Technology, 2021 (vol. 7), issue 2
Coopetition and Small Firms Value Creation
Adedeji Saidi Adelekan, James Olanipekun Ojo, Powel Maxwell Worimegbe
European Journal of Business Science and Technology 2021, 7(2):133-151 | DOI: 10.11118/ejobsat.2021.015 
Small firms are faced with the challenges of competing with larger firms. This has given birth to utilising different strategies to enhance the small firms’ capacity to achieve their corporate goals. This study examines the nature of coopetition among small firms and how it has influenced their ability to create value. Employing the survey research design, the study sampled 1119 small firms and established the interaction between coopetition and value creation in small firms using the partial least square-structural equation model. The results reveal entrepreneurial orientation is the most prevalent type of coopetition among small firms and that...
Does the Involvement of “Green Energy” Increase the Productivity of Companies in the Production of the Electricity Sector?
Veronika Varvařovská, Michaela Staňková
European Journal of Business Science and Technology 2021, 7(2):152-164 | DOI: 10.11118/ejobsat.2021.012
This article evaluates the production possibilities of the electricity sector in selected EU countries. The estimates for production functions are based on the financial data of individual companies in the selected sector. The analysis was based on a linearized version of the two-factor Cobb-Douglas production function, which was subsequently modified to compare productivity results by company size and country. The countries were selected based on the results of a cluster analysis. The cluster analysis was performed using aggregated data on the shares of energy sources in production in the electricity sector. The results show that companies from countries...
Household Energy Demand in Typical Nigerian Rural Communities
Olorunjuwon David Adetayo, Gbenga John Oladehinde, Samson A. Adeyinka, Adejompo Fagbohunka
European Journal of Business Science and Technology 2021, 7(2):165-185 | DOI: 10.11118/ejobsat.2021.006
This research investigates factors influencing domestic energy demand among rural households. Data were collected from 260 randomly sampled household heads in the study area. Descriptive statistics, ANOVA, and Tobit regression were used for the analysis. Tobit regression results revealed that gender, household size, income, occupation, farm size, and per capita expenditure were significant in influencing the use of fuelwood; age, gender, household size, occupation, education, and per capita expenditure for charcoal, while age, marital status, income, education and per capita expenditure were significant determinants in the use of kerosene. Also, income,...
The Empirical Linkage between Oil Prices and the Stock Returns of Oil Companies
Josef Pavlata, Petr Strejček, Peter Albrecht, Martin Širůček
European Journal of Business Science and Technology 2021, 7(2):186-197 | DOI: 10.11118/ejobsat.2021.016
This paper identifies the relationship between changes in oil prices and the returns of the world's highest-producing oil companies. Oil companies are divided into state-owned (national) and private companies. This paper focused on three different time periods to identify the relationship between changes in oil price and stock market returns by examining the specific backgrounds of each period. The results revealed that during oil's bearish market, it was more beneficial for investors to prefer state-owned companies to optimise their portfolios. The risk analysis focused on systematic risk, and the beta coefficients confirmed that state-owned companies...
Is the Category of Micro-Undertakings in the Visegrad Group Countries Relevantly Defined?
Milena Otavová, Jana Gláserová, Pavel Semerád
European Journal of Business Science and Technology 2021, 7(2):198-209 | DOI: 10.11118/ejobsat.2021.013
This paper deals with the definition of micro-undertakings in the Visegrad Group countries (V4). To define micro-undertakings is a task of EU Member States with effect from 1 January 2016. The goal of the Directive is to create better conditions for undertakings and make them more competitive, in particular by reducing the administrative burden. The aim of this paper is to evaluate the level of criteria adopted for defining micro-undertakings in the V4 in relation to the intended reduction in their administrative burden. In addition to the V4, Germany is also researched as a representative of an advanced economy. The study was based on data from the...
Cost-Induced Unmet Need for Health Care among Europe's Older Adults – The Role of Specific Diseases
Veronika Kočiš Krůtilová, Lewe Bahnsen
European Journal of Business Science and Technology 2021, 7(2):210-222 | DOI: 10.11118/ejobsat.2021.014
Older adults are the most vulnerable group to suffer from health care cost burdens which may result in barriers to health care consumption. Aiming to evaluate the relationship between cost-induced unmet need and specific age-related health conditions among the European 50+ population we perform age-specific regressions using data from the Survey of Health, Ageing and Retirement in Europe. The results show that unmet need is strongly associated with emotional disorders, arthritis and heart attack across all age groups. High blood pressure, high blood cholesterol, chronic lung disease, stomach ulcers, and fractures are significant correlates for specific...
What Affects Income in Sub-Saharan Africa?
Raymond Kofi Adjei, Veronika Kajurová
European Journal of Business Science and Technology 2021, 7(2):223-237 | DOI: 10.11118/ejobsat.2021.011
This paper closely examines how selected macroeconomic variables affect income in Sub-Saharan Africa (SSA). The study employs a more recent dataset and uses fixed and random effects models to characterise the nature and direction of impact evidenced from the data. The analysis further incorporates a monetary policy element by introducing money market interest rate and examining its effects. In general, the paper reveals that income in SSA is significantly affected by trade. Additionally, money market interest rate is found to have no major impact on income as may be perceived, suggesting that this aspect of monetary policy has not played a major role...