How innovativeness of family-owned SMEs differ depending on their characteristics?

Civelek, Mehmet; Ključnikov, Aleksandr; Fialová, Vendula; Folvarčná, Andrea; Stoch, Milan

doi:10.24136/eq.2021.015

Cited by 59 publications

(49 citation statements)

References 31 publications

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“…It is also a resource of health and vital energy. Therefore, it is naturally integrated with a human being -an entrepreneur and his/her qualities, capabilities and skills (Becker, 1994;Civelek et al, 2021).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

How do demographics and basic traits of an entrepreneur impact the internationalization of firms?

Wach

Głodowska

2021

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Research background: The theoretical basis of the study derives from the assumptions of international entrepreneurship combining theories of entrepreneurship and theories of international business. The identification of entrepreneurship determinants and attributes was based on the economic, socio ? cultural, as well as psychological approach to entrepreneurship. Purpose of the article: The aim of the article is to verify how demographic and basic traits of an entrepreneur affect the pace of the internationalization of firms from Poland. Methods: The study was based on CATI method. The article uses data collected on the basis of a study conducted on a sample of 355 companies from Poland. The research methods applied are a critical analysis of prior research, which allowed to identify the research gap and develop research hypotheses. In the empirical part, statistical methods were applied, including descriptive statistics and multidimensional regression. Findings & value added: The logistic regression estimation allows to confirm three hypotheses. With the age of the entrepreneur, the pace of internationalization of the firm increases. The pace of internationalization of the firm increases with the level of education of the entrepreneur. The fact that an entrepreneur belongs to a national minority increases the pace of the internationalization of the firm. Results of two-sample t-test confirm that firms whose entrepreneurs have higher entrepreneurial competences internationalize faster and earlier. The added value of the article is the combination of socio-demographic and psycho-cognitive characteristics of the entrepreneur with internationalisation. Applying this approach to a sample of firms from Poland (CEE market) contributes to research on international entrepreneurship in a thematic and geographical sense. The results of the study are of an applied nature. They can be addressed to many recipients: entrepreneurs, policymakers, educators, entities responsible for shaping and promoting entrepreneurship on both the micro and macro levels.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

How do demographics and basic traits of an entrepreneur impact the internationalization of firms?

Wach

Głodowska

2021

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“…The results of the study have had interesting implications regarding the preparedness of businesses for similar crisis situations. Civelek et al (2021) also studied the innovativeness of family-owned SMEs depending on their different characteristics. According to their results, SMEs' innovativeness differs depending on their size, industry, and area activity.…”

Section: Theoretical Backgroudmentioning

confidence: 99%

DIFFERENCES IN BUSINESS RISK EFFECTS ON THE FUTURE OF SMEs DUE TO THE COVID-19 PANDEMIC

Dvorský

Čepel²,

Kotásková³

et al. 2021

IJEK

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The article aims to identify, analyze, and quantify disparities in the impact of entrepreneurial risks on the future of small and medium-sized enterprises in the business environment of the Czech Republic in light of the COVID-19 pandemic. The research was carried out on 814 SMEs in two phases. 454 SMEs participated in the first phase of the research, which took part before the COVID-19 pandemic. 360 SMEs took part in the second research phase during the pandemic. Statistical methods such as correlation analysis and linear regression modeling were applied to evaluate statistical hypotheses. The results yielded interesting findings. According to respondents, the three most significant business risks in the SME segment include market, financial, and personnel risk in the period before the COVID-19 pandemic and during the COVID-19 pandemic. Prior to the COVID-19 pandemic, entrepreneurs saw the adequacy of sales and financial performance of the business as key determinants that impact the future of SMEs over a 5-year horizon. Conversely, during the COVID-19 pandemic, entrepreneurs perceived the management of the company's personnel performance, financial performance, and ability to manage financial risk as determinants that affect the future of SMEs over five years. According to owners and top managers during the COVID-19 pandemic, the most significant factor is the adequacy of personnel risk in SMEs.On the one hand, the findings benefit the owners themselves and the top managers of SMEs. On the other hand, government institutions and organizations that decide on government measures promote a penetrating environment. Also, the non-profit sector (e.g. Association of Small and Medium-Sized Enterprises and Crafts of the Czech Republic) assists SMEs in their edible activities and activities.

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“…Although this relationship is not essential in academia, their simplicity and comprehensibility are crucial topics for applying methods in business practice. Small and medium-sized enterprises are ready to use innovative approaches for their development (Civelek et al, 2021;Ključnikov et al, 2021), but they need easily applicable methods. At the same time, Nikolopoulos (2003) pointed out the need to create sophisticatedly simple models for practice.…”

Section: Literature Reviewmentioning

confidence: 99%

Demand forecasting: an alternative approach based on technical indicator Pbands

Kolková

Ključnikov

2021

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Research background: Demand forecasting helps companies to anticipate purchases and plan the delivery or production. In order to face this complex problem, many statistical methods, artificial intelligence-based methods, and hybrid methods are currently being developed. However, all these methods have similar problematic issues, including the complexity, long computing time, and the need for high computing performance of the IT infrastructure. Purpose of the article: This study aims to verify and evaluate the possibility of using Google Trends data for poetry book demand forecasting and compare the results of the application of the statistical methods, neural networks, and a hybrid model versus the alternative possibility of using technical analysis methods to achieve immediate and accessible forecasting. Specifically, it aims to verify the possibility of immediate demand forecasting based on an alternative approach using Pbands technical indicator for poetry books in the European Quartet countries. Methods: The study performs the demand forecasting based on the technical analysis of the Google Trends data search in case of the keyword poetry in the European Quartet countries by several statistical methods, including the commonly used ETS statistical methods, ARIMA method, ARFIMA method, BATS method based on the combination of the Cox-Box transformation model and ARMA, artificial neural networks, the Theta model, a hybrid model, and an alternative approach of forecasting using Pbands indicator. The study uses MAPE and RMSE approaches to measure the accuracy. Findings & value added: Although most currently available demand prediction models are either slow or complex, the entrepreneurial practice requires fast, simple, and accurate ones. The study results show that the alternative Pbands approach is easily applicable and can predict short-term demand changes. Due to its simplicity, the Pbands method is suitable and convenient to monitor short-term data describing the demand. Demand prediction methods based on technical indicators represent a new approach for demand forecasting. The application of these technical indicators could be a further forecasting models research direction. The future of theoretical research in forecasting should be devoted mainly to simplifying and speeding up. Creating an automated model based on primary data parameters and easily interpretable results is a challenge for further research.

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How innovativeness of family-owned SMEs differ depending on their characteristics?

Cited by 59 publications

References 31 publications

How do demographics and basic traits of an entrepreneur impact the internationalization of firms?

How do demographics and basic traits of an entrepreneur impact the internationalization of firms?

DIFFERENCES IN BUSINESS RISK EFFECTS ON THE FUTURE OF SMEs DUE TO THE COVID-19 PANDEMIC

Demand forecasting: an alternative approach based on technical indicator Pbands

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