European Journal of Business Science and Technology, 2022 (vol. 8), issue 1
Multivariate Modelling of Motor Third Party Liability Insurance Claims
Aivars Spilbergs, Andris Fomins, Māris Krastiņ¹
European Journal of Business Science and Technology 2022, 8(1):5-18 | DOI: 10.11118/ejobsat.2022.002 
The aim of the study is to identity the main factors that affect claims amount paid by insurers in case of road accidents and to predict losses from valid third-party liability insurance (MTPLI) policies until their expiration. Such an assessment is essential to adequately cover MTPLI policies and ensure the sustainable development of insurance companies. The geography of the study covers the MTPLI market of Europe in the main areas, but a deeper analysis of the impact of various factors, interactions, and interrelationships in MTPLI product is focused on Latvian market data due to availability of high-quality primary data. The research is based on...
The Cost of Renewable Electricity and Energy Storage in Germany
Nico Peter Benjamin Wehrle
European Journal of Business Science and Technology 2022, 8(1):19-41 | DOI: 10.11118/ejobsat.2022.005
Renewable power generation, especially wind power and solar power, is experiencing a strong expansion worldwide and especially in Germany. With high shares of these methods of power generation, energy storage is needed to enable a demand-oriented power supply even with weather-related fluctuations in generation. Against the background of a power supply based entirely on wind and solar power, the question arises as to what total costs arise with the inclusion of storage systems, which is the subject of this article. The calculation model uses hourly resolved real data of German electricity generation from the years 2012 to 2018 to determine the required...
Aquaculture Farmers’ Economic Risks Due to Climate Change: Evidence from Vietnam
Thanh Viet Nguyen, Tuyen Quang Tran, Dewan Ahsan
European Journal of Business Science and Technology 2022, 8(1):42-53 | DOI: 10.11118/ejobsat.2022.006
Climate change poses a serious threat for aquacultural productivity. Employing the Autoregressive Distributed Lag (ARDL) model, this research aims to evaluate the economic impact of climate change on aquaculture in Vietnam, drawing on time series data from 1981 to 2013 and including aquaculture yield, acreage, investment, labor, temperature, rainfall, and damage costs to aquaculture caused by natural disasters. The results show that aquaculture yield depends not only on the current value of inputs, but also on their lag values and the yield itself. The results also show that rainfall, storm surges and tropical cyclones negatively affect aquaculture...
On the Investment Attractiveness of Ukrainian Companies
Natálie Veselá, Volodymyr Rodchenko, David Hampel
European Journal of Business Science and Technology 2022, 8(1):54-71 | DOI: 10.11118/ejobsat.2022.001
The geographical location of Ukraine provides a multitude of possibilities for successful investment activity. There are rich natural resources, a fertile soil and a qualified low-cost labour force. On the other hand, investors have to deal with historical ties to the Soviet Union, corruption, and political instability exacerbated by occupation of part of the territory by Russia. This paper deals with the possibility of identifying the investment attractiveness of the particular sectors in Ukraine by the level of concentration measured by the Herfindahl-Hirschman index. Accounting data of companies taken from the Orbis database are evaluated by ABC...
The Position of Netflix in the Czech Republic Before and During the COVID-19 Pandemic
Michal Krejèí, Michaela Staòková
European Journal of Business Science and Technology 2022, 8(1):72-83 | DOI: 10.11118/ejobsat.2021.010
This article is focused on the differences in the brand equity of the streaming service Netflix before and during the COVID-19 pandemic in the Czech Republic. Brand equity is measured by a specially modified conceptual model. Based on a two-wave questionnaire survey, the possible impact of the pandemic on the dimension of the conceptual model was examined. The results showed that there was no statistically significant change in the level of brand equity but there was a change in its structure. It was also found that although the number of people who tried Netflix’s services increased during the COVID-19 pandemic, they did not become long-term users.
Preferred Forms of Online Shopping by the Youth Generation
Michal P¹urný, Irena Anto¹ová, Jana Stávková
European Journal of Business Science and Technology 2022, 8(1):84-95 | DOI: 10.11118/ejobsat.2022.003
The aim of the paper is to determine the preferred forms of online shopping and preferred device for online shopping for different product categories by the youth consumers. The research showed that the smartphone plays not only an important role in the consumer behaviour of youth consumers, but they also frequently shop using this device. The paper also identifies the situational and demographic factors affecting online shopping based on which consumer segments were created. Cluster analysis using the K-means algorithm formed consumer segments in the online market in the Czech Republic. Four segments were defined – economically decisive from...
Macroeconomic Determinants of Inflation in Ethiopia: ARDL Approach to Cointegration
Samuel Tolasa, Sisay Tolla Whakeshum, Negese Tamirat Mulatu
European Journal of Business Science and Technology 2022, 8(1):96-120 | DOI: 10.11118/ejobsat.2022.004
Maintaining inflation rate at optimal level is among important mechanism of balancing macroeconomic volatility to ensure steady economic growth. This study aims to examine macroeconomic determinants of inflation in Ethiopia. The study employed ARDL model using annual data for period 1981–2020. The ARDL bound test was applied to examine the presence of con-integration between inflation and independent variables. The study also uses augmented Dickey-Fuller and Phillips-Perron unit root tests to check stationarity of the variables. The test result reveals that almost all variables become stationary after the first difference. Accordingly, the result...