Current issue

A composite index to measure sustainability of supply chain management in construction companies

Ieva Cataldo, Nerija Banaitiene, Audrius Banaitis

Companies in the construction sector are increasingly aware of the importance and challenges of sustainability. In recent years, construction companies have introduced some sustainability initiatives and have embraced the concept of sustainability indicators. However, measuring a company’s performance on a wide range of sustainability indicators is challenging. Integration of supply chain sustainability indicators is required. This article presents a methodology for easily consolidating…

DOI (& full text): doi.org/10.15240/tul/001/2024-5-017 more

Success drivers of equity crowdfunding campaign. Empirical evidence from Poland

Magdalena Swacha-Lech, Robert Kurek

The success factors of equity crowdfunding are already well recognized in the literature but have not previously been studied in Poland. The aim of the paper is to fill the research gap by identifying the determinants of equity crowdfunding success in Poland based on empirical data. The article investigates whether and how entrepreneurs’ conscious use of the non-financial benefits linked to equity crowdfunding (ECF) influences the campaign’s success in Poland. We used data from a survey on the…

DOI (& full text): doi.org/10.15240/tul/001/2024-5-024 more

The lens of business model element activation

Pavel Adamek

A business model is the foundation for understanding the functioning of a business entity and is a source of innovation and change. Therefore, developing a business model is necessary, and proactive activation can be a source of competitive advantage to meet the appropriate requirements in the composition of business model elements. The study aims to identify the key elements of activation in business models and to discover their significance. This study uses an expertbased approach based on…

DOI (& full text): doi.org/10.15240/tul/001/2025-5-001 more

How does top management’s environmental awareness influence green innovation: The moderating role of absorptive capacity and slack resources

Ying Yang, Jiaxin Zhao, Xiu-e Zhang

Based on the upper echelons theory, dynamic capability theory, and resource-based view, this study explores the impact of top management’s environmental awareness (TMEA) on green innovation (GI), the moderating role of absorptive capacity (AC) and slack resources (SR). Using the data of A-shared listed manufacturing firms in China from 2010–2023, this study finds that TMEA has a significant positive effect on GI. Furthermore, AC and unabsorbed slack resources (USR) strengthen the effect of TMEA…

DOI (& full text): doi.org/10.15240/tul/001/2025-5-003 more

Energy companies’ readiness for the digital transformation of the purchasing process

Agata Kulikowska, Ewa Wszendybyl-Skulska

Social and economic developments, the dynamic geopolitical situation, and climate policy changes are exerting an increasingly significant influence on stakeholders in the energy sector. In recent years, the sector has undergone a period of dynamic change, during which there has been a notable increase in awareness of the potential for digital transformation within the sector. A specific process that ensures the security and stability of supply is the purchasing process. The objective of this…

DOI (& full text): doi.org/10.15240/tul/001/2025-5-004 more

Soft total quality management and employee performance: The resonant effect of leader narcissism

Ha Thu Nguyen, Anh Thi Tu Le, Anh Chi Phan

Stemming from the purpose of exploring the changes made by narcissism in the context of hospitality enterprises with total quality management (TQM) implementation, this study proposes a multi-level analytical framework taking into account the moderating effect of leader narcissism on the relationship between soft TQM practices and employee performance on the basis of the abilities, motivations, opportunities framework and the social information processing theory. The analysis of survey data…

DOI (& full text): doi.org/10.15240/tul/001/2025-5-005 more

Regional income convergence in Central Europe: Evidence from a pair-wise approach

Pavel Zdrazil

Regional disparities are usually monitored in terms of economic performance. But as pointed out by many scholars, research has to look beyond GDP, investments, unemployment, and focus also on regional inequality in measures of well-being, for example, the disposable income of households. Therefore, this article examines the income disparities among the regions of Central European countries. We apply the probabilistic definition of convergence that is tested by the time series cointegration…

DOI (& full text): doi.org/10.15240/tul/001/2025-1-001 more

Assessment of the development potential of the tourism industry in Czechia on the basis of smart specialization

Tetiana But, Tetiana Pulina, Olha Bielan, Veronika Zidova

The tourism industry is constantly evolving and requires the introduction of the latest technologies and development tools, such as smart specialization, which contributes to the economic development of countries, the welfare of the population, and an increase in foreign Exchange earnings. The aim of the article is to assess the potential for the development of the Czech tourism industry on the basis of smart specialization using the integral indicator of smart specialization potential. The…

DOI (& full text): doi.org/10.15240/tul/001/2025-1-008 more

Twenty years of efficiency research in Czech and Slovak banking – A bibliometric analysis

Martin Boďa, Emília Zimková, Anton Karaka

The article is a survey of 44 empirical studies that applied frontier techniques in analyzing efficiency of Czech and Slovak commercial banks in a hope to summarize the state of the art of efficiency research in Czech and Slovak banking. A sample of 44 journal articles was extracted from the Web of Science™ database, and a bibliometric analysis was conducted to identify the most active authors and most influential works to establish mutual relationships between them and to sketch the main…

DOI (& full text): doi.org/10.15240/tul/001/2025-1-009 more

The impact of Fintech on bank development: A meta-analysis investigation

Wei Wang, Songze Guan, Juan Li, Yuefei Tang, Tianyu He

To test whether the results of the empirical literature on bank Fintech are affected by the characteristics of specific research, the paper selects existing high-quality empirical literature to conduct a meta-analysis. It finds that the empirical estimation results conducted across various studies are influenced significantly by factors such as sample interval, estimation methods, measurement indicators for Fintech and bank development, and the inverse of the model count. Specifically, the…

DOI (& full text): doi.org/10.15240/tul/001/2025-1-010 more

Profitability determinants of cooperative Islamic insurance companies

Atila Savai, Milos Pjanic, Mirela Mitrasevic, Nada Milenkovic

The aim of the paper is to investigate the profitability determinants of cooperative insurance companies in Saudi Arabia. The mentioned insurance companies conduct business activities on the largest Islamic insurance market in the world, which has a growing demand for insurance as an instrument of risk management and a meaningful potential for further growth. A particular motive for conducting this research was the fact that these companies have common characteristics with mutual insurance…

DOI (& full text): doi.org/10.15240/tul/001/2025-1-011 more

The relationship between implicit moral hazard, corporate governance, and bank lending behavior

Chiao-Ming Li, Hsu Chi Wang, Chun-Hsin Chou, Joe-Ming Lee

Environmental, social, and governance (ESG) development has indeed changed the original economic operation status through diversified methods. The banking industry, especially under the guidance of ESG, reminds the banking industry that it should focus on regulatory conditions such as lending objects with ESG operating characteristics. In terms of corporate governance, the banking industry needs to adopt high self-management standards for business development. This paper uses the panel…

DOI (& full text): doi.org/10.15240/tul/001/2025-1-012 more

Identification of consumers willing to buy green products – A case study in the Czech Republic

Michaela Janska, Marta Zambochova, Bara Fialova