Číslo 34, ročník XIII

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Does Oil Rent Increase Happiness? A Partial Efficiency Analysis of Selected African Countries
(Vysoké učení technické v Brně, Fakulta podnikatelská, 2019-12) Opaleye, Seun Sylvester; Nwachukwu, Chijioke Esogwa
Purpose of the article: To investigate and ascertain the impact of oil rent on happiness in selected African countries. Methodology/methods: This study employed the trend analysis to graphically illustrate some major data. It also employed the fixed effect to analyse the model and the partial efficiency analysis to rank the countries studied in terms of their efficiency in the use of oil rent to produce happiness. Scientific aim: This study examines the relationship between oil rent, the oil price, the GDP growth, the mineral rent and happiness. Findings: The results show that oil rent does not significantly increase happiness in the countries studied with Cameroun being the happiest country in the panel. Oil prices however significantly increased happiness. The study also found that the economic growth reduces happiness. Conclusions: The study provides evidence that the economic growth alone does not lead to happiness in the country if citizens are not employed and the rate of inflation continues to spiral upward. The study thus concludes that the economic growth must be inclusive in nature through government use of rents to invest in sectors that create value additions and job opportunities for citizens. The study also recommends the setting of the social safety net, as well as ensuring that inflation is properly managed.
Employers’ Requirements for Brand Managers: A Comparative Study in the US and Ukraine
(Vysoké učení technické v Brně, Fakulta podnikatelská, 2019-12) Wroblowská, Zuzana
Purpose of the article: The author’s interest focuses on brand managers as brands are among the factors strongly contributing to increasing intellectual capital of any organization. This paper provides a comparison of requirements for brand managers at the phase they are addressed by employers in both the US and Ukraine. The author finds it useful to focus on requirements for skills, knowledge and work experience, as the findings have potential to inspire applicants for vacancies in the product management departments and tertiary education providers. Methodology/methods: Using a re-applied Berelson’s method of content analysis makes it possible to analyse and discuss the requirements for job of brand managers in different countries. The hypothesis regarding the analysed variable’s independence on the sign representing the country where the job advertisements were posted was tested applying chi-square statistics. Scientific aim: The objective was to verify that the requirements for brand manager positions in Ukraine and the US do not differ. The hypothesis was formulated as follows: American and Ukrainian employers do not raise different recruitment requirements in terms of required practice and education, knowledge, technical and strategic competence for brand manager posts. Findings: The comparison of the frequency of requirements for the applicants in Ukraine and the US showed differences. When testing the set of requirements for work experience and required practice for brand manager positions in Ukraine and the US, the Pearson’s test confirmed the differences for & = 0.05, & = 0.01, and & = 0.001. The Person’s test also confirmed the difference in the group classified under the letter “Q” concerning education, specific knowledge, business management skills and transferable skills at all tested levels. Conclusions: The findings raise more questions, both about the knowledge and skills of brand managers, and the nature of their role in the brand management process.
Trend Analysis as a Useful Tool for Monetary Policy in the Real Estate Market
(Vysoké učení technické v Brně, Fakulta podnikatelská, 2019-12) Gryč, Matěj; Poláček, Tomáš; Dohnal, Mirko; Oulehla, Jiří
Purpose of article: The primary purpose of this study consists in the research that focuses on developing various scenarios for central bank interest rate regulation and its impact on property prices. Partial areas include the specification of individual factors and the description of relationships between individual scenarios. Since the study is based on real data and purely numerical calculations and simple statistical methods might not cover the whole issue, the trend analysis was used. After determining the main factors, a model containing a series of scenarios will be built. Based on these scenarios and the individual relationships between them, the oriented transitional graph will be generated. The eight-dimensional model serves as an example to determine transitions between scenarios and to understand the resulting scenario map as a whole. Using this study, we can monitor current market developments and behavior both in the past, present and predict a possible sequence of events in the future. This study builds on the already explored issues and extends the state of scientific knowledge in order to build more advanced models in the future with current factors and new conclusions valid for the continuous progress in the property market. Methodology/methods: Solving with using statistical methods, correlation matrix, trend analysis. Scientific aim: It is to find the correlation that proves the possibility of finding ways to lower house prices through central bank rates. Findings: The central bank interest rate has a direct impact on the real estate market which can be observed in the onset of scenarios in the transition graph. Conclusions: The real estate bubble represented as the housing price index can be affected by the central bank interest rates with the impact on other significant variables on the market.
Specific Features of Family Entrepreneurship in Agriculture
(Vysoké učení technické v Brně, Fakulta podnikatelská, 2019-12) Kubíčková, Lea; Fišerová, Markéta
Purpose of the article: The purpose of the paper is to define the specific features of Czech family businesses operating in agriculture, identify the main problem areas and advantages that family farms subjectively perceive in this form of entrepreneurship. Methodology/methods: In order to define the specific features of family entrepreneurship in agriculture, it was necessary to obtain data from family farms. Thus, in 2018, primary data were collected using in-depth interviews with the selected family farm owners or other family members in the Czech Republic. Scientific aim: The scientific objective of the paper is to define the specifics of Czech family business in agriculture, as this topic is not described in detail in the scientific literature and the situation of Czech family farms is different from that of foreign family farms, to which more space is devoted in the scientific literature. Findings: The authors identify the subjectively perceived benefits as well as problem areas of family entrepreneurship in agriculture through in-depth interviews conducted on 11 family farms. The main advantages as seen by Czech family farms include the individual planning of their working time, family flexibility, working from home, and spending time with their families. The respondents also emphasize the positive attitude to working on a family farm. The main disadvantages include overlapping of personal and working relationships, financial situation, dependence on weather, the lack of land, and the lack of support from the state. Conclusions: Overall, the subjectively perceived advantages of family entrepreneurship prevail, which fully corresponds with the findings of the AMSP CR survey although it should be noted the family farm owners have also reported in detail about the downsides of this business.
Competitive Position of Bangladesh and China in the Global Clothing Export Market: An Analysis of Revealed Comparative Advantage
(Vysoké učení technické v Brně, Fakulta podnikatelská, 2019-12) Adnan, ATM; Khan, Ayub Nabi; Islam, Mohammad Shahidul
Purpose of the article: The Ready-Made Garment (RMG) industry remains the most crucial segment of Bangladesh’s economy besides the agricultural sector in terms of foreign currency earning via export and employment generation. Several international studies predict that Bangladesh will be the next apparel sourcing hotspot after China due to the availability of reasonably priced labour force and other factors of production. This paper intends to exhibits the relative competitive position of China and Bangladesh for the ready-made garment industry in the global made-up clothing market and how its pattern has changed over the period of 2001–2017. Methodology/methods: Balassa’s RCA indices have been used to calculate for all the 34 product groups under HS 61 and HS 62 for up to four digits level of the study period of 2001 to 2017 of both countries. Descriptive statistical techniques have been applied to reveal the sustainability and predictability of the comparative advantage of both countries. Scientific aim: The findings of the study would be beneficial for the policy-makers and researchers in developing export promotion policies for generating industry competitiveness considering the valuable factors of both countries such as factors of production and geological position. Findings: The analysis has revealed that Bangladesh has achieved a significant comparative advantage over China in 26 product categories out of 34 product categories in 2017, whereas China has able to gain the RCA on only 8 product groups in the same study period. The findings also reveal that although Bangladesh has achieved significant RCA in most of the product types, its volatility remains on the higher side. Conclusion: This paper is one of the trivial pursuits to perform an organized analysis of revealed comparative advantage of Bangladesh and China on clothing (RMG) trade to major global markets

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