Číslo 33, ročník XIII
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- ItemFinancial System Sustainability Assessment Model Creation(Vysoké učení technické v Brně, Fakulta podnikatelská, 2019-06) Stankevičienė, Jelena; Nikanorova, MartaPurpose of the article: The article is devoted to analyse the sustainability in the financial system. Sustainability in financial systems leads to the financial institution’s positive economic performance during the financial crisis. The sustainable financial system must keep the country’s economy healthy, effective, and profitable, and this is one of the tasks the answer to which still is looked for. Methodology/methods: The article includes the observation of financial system sustainability approach, the analysis of the financial system structure, architecture, and soundness. In addition, positive and negative impacts of sustainability on financial systems are discussed. The literature analysis, comparison methods, quantitative analysis, the multiple objective optimization MULTIMOORA method, and the graphical representation were used in the article. Based on the MULTIMOORA method and the indicators of sustainability, the model to measure sustainability is implemented. Scientific aim: The main goal of this article is to create and adopt a model of sustainability in the financial system measurement. Findings: The results show that sustainability in financial systems helps the financial institution to maintain positive economic performance even in the crisis time. Conclusions: Sustainability of the financial system is measured according to the sustainability approach; the interaction of economic, social and environmental aspects should be considered. The multiple objective optimization was used to obtain sustainability in the financial system and the MULTIMOORA method was selected for the analysis of the financial system sustainability. For the analysis, 10 countries were selected, which joined the European Union in 2004, in other words, named as “A10” countries. MULTIMOORA proved that the financial system is a complex system, with interrelations between objectives and alternatives that are taken into account at the same time and ,different values of the indicators, representing a particular group of indicators.
- ItemPersonal Income Tax (PIT) and Economic Growth in Nigeria: A Vector Autoregression (VAR) Analysis(Vysoké učení technické v Brně, Fakulta podnikatelská, 2019-06) Adekunle, Adeyemi Akeem; Gabriel, Mieseigha EbipaniprePurpose of the article: Quite a number of studies have shown that tax revenues significantly affect the economic growth in both developed and developing countries; however, there is scanty empirical evidence as regards whether personal income tax (a major component of tax revenue) affects economic growth in Nigeria. Methodology/methods: The ex-post facto research design was adopted and the theoretical framework was anchored on Laffer Curve Theory (LCT). Yearly time series data of personal income tax and the gross domestic product (GDP) were obtained from the Federal Inland Revenue Service (FIRS) and the Central Bank of Nigeria (CBN) statistical bulletins during theperiod 1987–2017. The data obtained was analysed using the Vector Autoregression (VAR) model via STATA 13.0. Scientific aim: This paper investigated the effect of personal income tax (PIT) on economic growth in Nigeria. Findings: The findings of the study revealed that personal income tax has significantly contributed to the level of economic growth in Nigeria, though negatively. Contributions: Based on the findings of the study, it was recommended that the regulatory framework of taxation in the country should put in place a more effective tax revenue generation system that can enhance better administration of personal income tax. The measure should emphasise and address the accountability of personal income tax. In addition, a well-equipped database on personal income tax or taxpayers should be established by the governments with the aim of identifying all possible sources of income of taxpayers.
- ItemUnpacking Healthy Workplace Practices Effects on Intrinsic Motivation of ICT Professionals: A SEM Approach(Vysoké učení technické v Brně, Fakulta podnikatelská, 2019-06) Azeez, Rasheed O; Fapohunda, Tinuke M; Jayeoba, Foluso I.Purpose of the article: This study investigated the effects of healthy workplace practices through its dimensions (work-life balance, growth and development, employee recognition, employee involvement, and health and safety) on intrinsic motivation of ICT professionals working in the Nigerian public sector. Methodology/methods: The study employed the survey research design, and the simple random sampling technique was used to administer 315 copies of questionnaires distributed to ICT professionals working with the Lagos State Government, Nigeria. Scientific aim: Based on the existing literature, five hypotheses were tested using the inferential statistical technique of a co-variance based structural equation modelling of the Analysis of Moment Structure (AMOS) version 21. The outcomes of the multivariate statistical procedures yielded good fit indexes from the confirmatory factor analysis, measurement and structural models, respectively. Findings: The results of the tested hypotheses signposted a significant effect of work-life balance, growth and development, involvement, and employees’ health and safety on intrinsic motivation. Also, an insignificant effect of employees’ recognition was established on intrinsic motivation. Conclusions: This study concludes that employers in the public sector (government) should endeavour to restructure their workplace policies and practices to become healthy in nature with a view to enhancing employees’ intrinsic motivation and well-being on the one hand and, viability and efficaciousness of the public sector on the other.
- ItemRegional Inequalities in Residential Energy Use of Hungarian Urban Areas(Vysoké učení technické v Brně, Fakulta podnikatelská, 2019-06) Nagy, Zoltán; Szép, Tekla Sebestyén; Szendi, DóraPurpose of the article: Cities account for 60–80% of global energy consumption, and based on projections the development of urban areas will be the main engine of energy use growth in the future. Understanding and analysing the urban energy use and clarifying social and spatial inequalities is essential to make conscious energy policy decisions and gather feedback. A clear road map is needed for implementation of policy on decentralized energy. Methodology/methods: The analysis covers 23 Hungarian towns with county rights and Budapest during the period of 2010–2015. Simple statistical indices are calculated: the range ratio, range, relative range, dual index, standard deviation, relative standard deviation, absolute average difference. Scientific aim: The spatial distribution of energy use may contribute not only to understanding the decentralization process of energy systems but to forming a new energy policy that moves towards regional level and is highly decentralized. In this study, our main objective is to examine the Hungarian residential energy use revealing the regional disparities of urban energy use. Findings: In the case of the examined cities, significant inequalities and large spatial variances were not revealed with regard to the indicators of urban energy consumption (i.e. residential electricity consumption per household, residential gas consumption per household). However, the already small territorial differences typically decreased between 2010 and 2015. Conclusions: We conclude that significant differences regarding urban (23 Hungarian towns with county rights and Budapest) energy use were not experienced.
- ItemA Comparative Analysis of Inflation-Adjusted and Historical Cost Accounting Information: Implications for the Value Relevance of Corporate Reports(Vysoké učení technické v Brně, Fakulta podnikatelská, 2019-06) Frank, Ebiaghan OritsPurpose of the article: This study investigates the effect of historical cost accounting on the reported profit of a company, with an evaluation of current cost accounting as an alternative reporting method in a high-inflationary and volatile economy as experienced in Nigeria. Using secondary data gleaned from the annual reports and accounts of ten (10) manufacturing companies quoted in the industrial sector of consumer goods of the Nigerian Stock Exchange from 1996–2016. Methodology/methods: To test the formulated hypotheses, a multiple regression model was formulated comprising the depreciation charge, taxes and dividend as the independent variables while reported profits both at historical and current cost of the firm served as the dependent variables. The Ordinary Least Square (OLS) estimation technique was employed to ascertain the inter-relationships between the variables. Scientific aim: This research is aimed at empirically investigating, by means of available statistics, the effect of historical cost accounting on the reported profit of a company during period of inflation. Findings: The study revealed that both historical cost and current cost accounting have significant effect on reported profit, as an increase in the depreciation charge, tax bills and dividends declared by firms will occasion a decrease in the reported profit. Conclusions: It is recommended that companies should prepare their financial reports using both historical cost and fair value (current cost) methods simultaneously, as this will allow the companies to ascertain the true financial position of their companies before declaring dividends and other benefits.