Číslo 32, ročník XII

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    The issue of Remuneration of High-Ranking Managers in Enterprises of the Czech Republic
    (Vysoké učení technické v Brně, Fakulta podnikatelská, 2018-12) Jančíková, Kateřina
    Purpose of the article: The purpose of this article is to analyse the remuneration of senior executives in large enterprises in the Czech Republic through a structured questionnaire survey to analyse the factors that affect remuneration, interdependence and specification of the area. Methodology/methods: This article uses secondary research resources from the Web of Science and Scopus database systems. A database of Amadeus has been used to select a sample of companies, which contains reports of nearly 20 million European companies, including those from the Czech Republic. General scientific methods such as the analysis, comparison and statistical methods were used to calculate frequencies, average, and median values. Scientific aim: The aim of the article was to highlight the system of rewarding senior executives, revealing the factors that affect the amount of rewards. The questionnaire survey also focused on identifying the motivation of these workers. Findings: Large firms in the Czech Republic are limited in the number and therefore the presented study has certain limits. This article focuses on the evaluation and analysis of the system of rewarding a selected group of employees in large enterprises. Conclusions: Remuneration is a very specific part of business management. The questionnaire survey conducted among the Czech Republic’s large companies showed that top management is rewarded in terms of the performance and company performance. The manager’s remuneration then depends on the size of the enterprise, and this premise was also confirmed by the Kendall tau statistical method.
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    Insurance Awareness and Acceptance: Empirical Evidence among Small and Medium-Sized Enterprises in the Lagos State, Nigeria
    (Vysoké učení technické v Brně, Fakulta podnikatelská, 2018-12) Ajemunigbohun, Sunday Stephen; Ayobami, Adeoye Olarewaju
    Purpose of the article: Insurance awareness in Nigeria needs to be encouraged among entrepreneurs in order to galvanise support for insurance penetration and density. Methodology/methods: A descriptive approach and survey design were employed. A singlestage cluster sampling technique and interview schedule were both employed. 352 respondents made up of small business and medium-sized operators were drawn from three Local Government Council Areas of Lagos. The statistical instruments employed for this study were the Kolmogorov-Smirnov and Kendall’s rank correlation coefficient techniques. Scientific aim: This study aims at the relationship between insurance awareness and its acceptability among small business and medium-sized operators in the metropolis of Lagos. Findings: The results of this study assume that insurance products have not gained high popularity among small business and medium-sized operators in the Lagos metropolis. They have also shown that there is a low but slightly positive relationship between insurance awareness and its acceptance among small business owners in the Lagos metropolis. Our formulated hypotheses have been supported. Conclusions: This study provides a better understanding on the importance of insurance awareness as related to its acceptance among small and medium-sized entrepreneurs This study recommends that greater attention should be placed on small business owners’ education of and engagement in the design of insurance products related to their activities so as to allow for the sense of ownership, effective risk management communication and proper risk financing techniques.
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    Aspects of Legal and Ethical Liability in International Trade with B2B Customised Products – Industrial Component Sector Experience
    (Vysoké učení technické v Brně, Fakulta podnikatelská, 2018-12) Chlebovský, Vít
    Purpose of the article: There has been a growing demand for customised solution offers prepared by companies on both B2B and B2C markets. Strong focus on product customisation generates legal and ethical business aspects, especially in the international trade. The purpose of this article is company behaviour changes mapping and trend identification specifically in international trade within the industrial component sector based on performed qualitative research. Methodology/methods: Qualitative research in the form of research case studies was used. There were five companies selected representing a variety of industrial component suppliers, both producers and trade companies in different size categories located in several European countries. The research questions were formulated and research results and respective limitations were discussed. Scientific aim: The scientific aim consists in observing and describing the current situation and trends in international trade within the industrial component sector with a high involvement of the product customisation. An important aspect also includes a multidisciplinary approach of the article covering marketing, trade and legal business issues. Findings: The research results show an increasing importance of focus on offering product individualisation to customers as a key factor influencing their sustainable competitiveness. Companies also see an increased importance of related process optimisation, as well as streamlining customer communication. Conclusions: Based on the presented five case studies, it is possibly to identify a trend of an increased demand for closer cooperation of the component suppliers with their customers independent of the country of location. Customers are also asking for supplier’s full responsibility for the solution delivered. On the other hand, companies are not yet ready to provide such services in an efficient way within the current structure of their distribution channels. In order to confirm those qualitative research results, there should be additional quantitative research prepared and performed mapping a broader range of companies in wider industrial sectors to get a better picture of both customer demands and company capabilities.
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    Bank Profitability Analysis and Forecasting: Lithuania Case
    (Vysoké učení technické v Brně, Fakulta podnikatelská, 2018-12) Skvarciany, Viktorij; Simanavičiūtė, Justina
    Purpose of the article: The purpose of this paper is to analyse commercial banks operating in Lithuania in terms of profitability, as it is one of the critical factors of economic development. Moreover, the profitability of commercial banks is a crucial factor for banks’ financial stability which, in turn, has an impact on the stability of the whole financial system of a country. Variables representing banks profitability are as follows: return on equity (ROE), return on assets (ROA), and return on risk assets (RORA). What is more, the forecast of the abovementioned variables was made in order to predict their values. Methodology/methods: In order to analyse and assess the dynamics of the profitability indicators (ROA, ROE, RORA), the financial reports of six banks operating in Lithuania were analysed. After analysing the profitability indicators, the forecasts for three years were made using a moving average method. Scientific aim: To analyse commercial banks profitability indicators and make a forecast. The forecast of the indicators makes it possible to conclude that the banking system of Lithuania will continue to carry out profitable activities. Findings: The findings of the research showed that the estimated values of ROA, ROE and RORA are stable. The results of indicators forecasting makes showed that the banking system of Lithuania would continue to carry out profitable activities. Conclusions: Summarising the indicators of profitability group: return on equity, return on assets, and assets and equity ratio, it can be argued that the Lithuanian banking system is able to manage resources efficiently, in order to ensure the profitability of operations, despite market disturbances, such as the financial crisis of 2008.
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    The Prediction of Financial Performance in Dependence on the Type of Organisational Culture
    (Vysoké učení technické v Brně, Fakulta podnikatelská, 2018-12) Hiršová, Miloslava; Komárková, Lenka; Pirožek, Petr
    Purpose of the article: Knowing the factors that affect organisation’s performance is a prerequisite for successful management. But it should be remembered that these factors do not act separately and that it is always necessary to examine the manner in which they interact and the level of synergy they can create. Our paper is based on the assumption that these requirements can by met by applying a typology of the organisational culture (OC). Methodology/Methods: Here we evaluate the return on assets (ROA) indicator in relation to different types of the OC based on four-dimensional Harrison and Handy’s model in 194 organisations operating in the Czech Republic, using quantitative methods including multiple regression analysis. Scientific aim: The aim of the paper is not only to find a response to whether there is a relationship between the different types of organisational culture and the financial performance of the organisation. We also want to point out at the possibilities of deeper analysis and interpretation of the factors that the typology of organisational culture includes. Findings: Our results show that there is a positive significant correlation between the task type of the OC and ROA and a negative one between the power type of the OC and ROA. Conclusions: This suggests that selecting the task type of the OC may lead to improvements of financial indicators, but there are also other factors that must be taken into consideration.