European Journal of Business Science and Technology, 2024 (vol. 10), issue 1
The Risk Awareness of Sovereign Wealth Funds in Relation to ESG Assets: Do Biggest World Institutional Investors Act Sustainably?
Marty-Jörn Klein, Gabriela Chmelíková, Jozef Palkoviè
European Journal of Business Science and Technology 2024, 10(1):5-24 | DOI: 10.11118/ejobsat.2024.003 
This paper investigates the dependence of the investment behavior of Sovereign Wealth Funds (SWFs) on the Environmental, Social, and Governance (ESG) performance of their underlying investments in public equity holdings during the period of 2007 to 2022 collectively overseeing a substantial 71% of total public equity holding investments by SWFs globally. The unique data set with ESG control variables consist of mainly self-reported Corporate Social Responsibility (CSR) ESG information (ESG rating from Refinitiv/LSEG) and dynamic risk assessed ESG information purely based on external evaluation of the firms (Reputational Risk Indicator from RepRisk)....
Enhancing Market Value Estimation for Privately Held Companies: Differentiated Multipliers in the Czech Brewing Industry
Michal Drábek, Pavel Syrovátka
European Journal of Business Science and Technology 2024, 10(1):25-46 | DOI: 10.11118/ejobsat.2024.002
The paper focuses on valuation multipliers for privately held companies, with the aim of developing and applying a methodological procedure to improve the accuracy of estimating the market value. This improvement is achieved through the differentiation of an industry multiplier using financial decomposition. We applied the proposed methodology enhancements to a dataset comprising 50 Czech breweries, estimating their market value using the discounted cash flow method. Importantly, our proposed modification to the methodology is not limited to this sample of breweries; its nature makes it a generally applicable procedure. Our results demonstrate that...
Digitalization in Engineering Firms: The Role and Impact of Building Information Modeling on Productivity
Gentjana Rexhaj, Luboı Stĝelec
European Journal of Business Science and Technology 2024, 10(1):47-65 | DOI: 10.11118/ejobsat.2024.005
In recent decades, digitalization has become increasingly important in the construction industry. Building Information Modeling (BIM), a digital planning method, is becoming increasingly important in the infrastructure sector. Infrastructure planning implementation is complex, so engineering firms still use conventional planning. This study sheds light on the influence of Building Information Modelling (BIM) on increasing productivity in the construction industry. Through a combination of qualitative interviews and quantitative data analysis, an in-depth understanding of the implementation processes, challenges and benefits of BIM was developed. Particular...
The Mediating Role of Brand Attachment on the Relationship between Brand Experience and Customer Citizenship Behavior
Amira Gamal Ahmed, Ahmed Yehia Ebeid, Mahmoud Fawzy Mohamed
European Journal of Business Science and Technology 2024, 10(1):66-80 | DOI: 10.11118/ejobsat.2024.001
Despite substantial research on the antecedents of the relationship between brand experience and customer citizenship behavior, the effect of brand attachment remains a neglected subject in marketing research. Using social exchange theory (SET) and attachment theory, this study analyses the role of brand attachment as a mediator in the relationship between brand experience and customer citizenship behavior. Specifically, is to investigate the mediating role of brand attachment in the relationship between brand experience and customer citizenship behavior to clarify the role of the different dimensions of brand values among the customers of fast-food...
Perspectives of Farm Development Under the War Conditions in Ukraine
Volodymyr Anatoliiovych Kolodiichuk, Ivan Mykolaiovych Tofan, Iryna Anatoliivna Kolodiichuk, Igor Volodymyrovych Voronyj
European Journal of Business Science and Technology 2024, 10(1):81-95 | DOI: 10.11118/ejobsat.2024.004
The article discusses the existing structure of agricultural production in Ukraine and defines the key role of farmers in providing the population with food products at the beginning of a full-scale war. The high adaptability of the small goods sector of the agrarian economy and insufficient attention to its development in the pre-war period have been proven. An assessment of the main challenges, general losses and measures taken regarding the development of agriculture in Ukraine during the war period is given, and the importance of international financial support is emphasized. The need for a balanced model of the corporate and small commodity sectors...
Indirect Cost in Should Cost Calculations – How Carmaker’s Cost Engineers See It
Remo Rossi, David Hampel
European Journal of Business Science and Technology 2024, 10(1):96-106 | DOI: 10.11118/ejobsat.2024.006
In a world of intense competition, automotive manufacturers are continually increasing their outsourcing activities and, as a result, automotive companies have built extensive cost engineering departments within their organisations. Staff in these units provide Should Cost Calculations for externally manufactured components, which are utilized as supplier targets to support buyers in fact-based negotiations. This paper aims to explore potential differences in the direct and indirect cost categories in the context of Should Cost Calculations. Based on a sample survey among cost engineers, it was possible to determine differences in cost knowledge, risk...
Impact of the COVID-19 Pandemic on United States’ Hotel Productivity: A Multi-Period Analysis
Szilvia Vanessza Schalk-Nador
European Journal of Business Science and Technology 2024, 10(1):107-122 | DOI: 10.11118/ejobsat.2023.016
This paper uses the Malmquist Productivity Index to evaluate the impact of the COVID-19 pandemic on hotel productivity. It decomposes total factor productivity change (TFPC) into technical efficiency, pure and scale efficiency, and technical change to conclude on productivity growth before and after the outbreak of the pandemic. 112 hotels in four cities of the United States between 2011–2021 were subject to the analysis, using a multi-input (room, labor, and F&B costs) multi-output (accommodation, F&B, and total revenue) DEA-Malmquist model. The pandemic did not have an adverse effect on hotel productivity change, mainly due to the developments attributed...