The Value Based Management and measuring the shareholders value approaches are presented in the article. Theoretical descriptions are illustrated by case of one Polish stock company which is 'Zelmer'. Based on results of this analysis, main enterprise value determinants are presented as well.
Typical democracy measures rely upon categorical classification or continuous indices to indicate the level of democracy in a study’s nations. Using Qualitative Comparative Analysis techniques, we demonstrate an alternative method for measuring democracy that retains – in the measure itself – the full-range of included components, which previous measures use in their construction, but conceal in their resultant scores. We directly compare the new measure to existing measures to (a) highlight existing measures’ forced comparisons between incommensurate components, and (b) reveal components used to calculate existing measures that do not substantially contribute to nations’ democratic classification within them. We then indirectly compare the performance of such a measure to others with an example estimating the relationship between economic development and democracy. The article concludes by discussing some additional advantages of the QCA measure, acknowledging some of its weaknesses, and suggesting several extensions for its use.
New information and communication technologies, hand-in-hand with globalization, formed condition for the creative economy, which is based on human creativity. In science, art and culture fields, where creative economy has its grassroots, represent an important source of growth. This paper is pointing out a new competitive advantage, not just for each corporation but for the whole regions as well. It is describing the importance of creative economy growth and bringing survey of approaches to the creative economy definition, its ranking and measurement efforts, which lately is bringing certain problems, since the creativity is the input and not an output, used (as of now) for field outputs structuring.
Lack of comprehensive and authoritative analysis of systems and management processes often leads to less effective implementation and the reduced efficiency of the entire organization. An essential part of this analysis is to identify the most important factors affecting the basic parameters and their measurement processes. The paper presents basic issues in identifying complex organisational systems, particularly measuring phenomena that occur in them. It includes both static (state identification) and dynamic (the identification of changes and processes) measurement factors. It also examines requirements for the scales of measurement used to characterise systems and management processes.
Comparative social survey research is exponentially growing, more and more data being available at longitudinal and cross-national levels. When unobservable concepts are involved, the analysis of this kind of data poses the issue of measurement invariance (Are the concepts equivalent across countries and longitudinally?). The aim of this paper is to draw a clear picture of measurement invariance (MI) test via multiple-group confirmatory factor analysis (MGCFA) using AMOS 16 software. According to the literature this is a necessary step before latent mean comparison. At first, the author discusses the concept of measurement invariance, and then he presents the most important features and issues related to the MGCFA. The main part of the paper is dedicated to presenting a step by step procedure to test for MI using AMOS VB.NET. In order to facilitate understanding, all steps are logically described; also, data and syntaxes are provided. To illustrate the procedure, the author analyzes the 'sexual permissiveness', as it measured in two large-scale surveys (EVS and WVS). He focuses on the case of those 19 former communist countries included in these surveys, for which the available measurement covers at least three points in time, during the 1990-2009. To measure the 'sexual permissiveness', four items are used: how justifiable are homosexuality, prostitution, abortion, and divorce. Scalar invariance of 'sexual permissiveness' scale is proved for most countries, so means and relationships involving this value can be meaningfully interpreted. Finally, the author discusses some alternatives for presenting the means of latent variables.
In order to effectively manage the intellectual capital it is necessary to measure it. The purpose of this paper is to present selected measurements used to determine the value of intellectual capital: their characteristics and calculation algorithm. Additionally, this article assesses the methods of measurement, together with their advantages and weak-nesses and the possibility of their implementation.
The paper presents the debate in the literature over aggregative measures of economic welfare, and investigates the differences in how economic welfare is evaluated in various countries, depending on the measurement applied. The first part of the article looks at the debate over the various ways of measuring economic welfare. The second presents a comparative analysis of welfare, measured on the basis of a few indicators, between Poland and other countries. The literature overview indicates that alternative, and perhaps better measurements then GDP per capita, are characterised by one major weakness – the arbitrary selection of partial measures. The result is that it is difficult to use the values obtained from various sources in empirical research. Moreover, it is hard to find long enough time series other than GDP per capita and HDI that present other than conventional aspects of welfare, which in turn indicate the quality of life. Comparison of values of various welfare measurements shows a different picture of welfare in the world. Conventional measures, such as GDP per capita and HDI, overestimate the Euro-Atlantic culture countries, especially EU-15, OECD, and UCJNA. Measurement with heterodox theoretical background evaluates as relatively higher those countries with a relatively lower level of economic development, as measured with conventional measurements.
Recently, the explanations of the entrepreneurship nature tend to expand beyond the boundaries of economic sciences and begin to refer also to human sciences. Taking a decision about launching an economic activity is a final step of the process of prompting one's entrepreneurial activity. The process is preceded by entrepreneurial intentions, shaped by a set of conditions influencing human perception of reality. Familiarity with entrepreneurial intentions has a great significance for creating the programs of economic education. The article presents the possible ways of entrepreneurial intentions measurement and interpretation.
Financial efficiency is one of the basic categories used to describe status, functioning and development opportunities for various types of institutions. Essentia of financial efficiency, content and tools evolve constantly. The same goes for agriculture. Although this sector still observes domination of classical measurements and accounting indicators, describing past accomplishments, not linked to market appraisal, still gradually new concepts arise, and they are better suited to contemporary conditions of farming as well as to the goals and expectations of farmers themselves. The above induces implementation of financial efficiency measurement patterns based on economical profit and cash flows. Such patterns feature reference to the process of value production for owners of farms, thus treating the latter as financial investments and subjects of investment decisions.
The focus of this study is verification of the cross-cultural robustness of Piedmont's Spiritual Transcendence Scale (STS, Piedmont, 1999) with regard to a sample of Czech students (N = 410). Means and variances of individual items as well as of the original scales (Prayer Fulfilment, Universality, and Connectedness) were found comparable, with differences well understandable in the context of general cross-cultural differences, especially of the dramatically higher explicit religiosity of the American population. Patterns of scale inter-correlations and alpha-reliabilities were also comparable. Exploratory factor analysis, using the same procedure as that of R. Piedmont, yielded factors similar to the original ones, with the reservation that two of them were less clearly differentiated from each other. This similarity could be improved by means of target rotation, especially if the principle of simple structure was given up, in favour of the fit in critical factor loadings. Confirmatory factor analysis, however, revealed only limited agreement in terms of statistical significance.
The COVID-19 pandemic, military conflicts, economic and energy crises, coupled with the rising activity of extremist groups, have significantly intensified social tensions globally. Systematic and proactive monitoring of social dynamics and risk factors is crucial for effective conflict prevention. The aim of the paper is to create Social Tension Risk Index (STRI), provide theoretical and methodological framework for selecting and validating relevant components for the STRI, describe principles of the normalisation of measurement scales, assess internal validity, and explain the weighting of variables. The development of the Social Tension Risk Index (STRI) involved both theoretical and empirical components. In the initial phase, a comprehensive review of the global scientific literature on social tensions was conducted, leading to the identification of potential stress factors. Specifically, the challenge was to identify appropriate empirical measurement solutions for each theoretical component. The suitability of these indicators for inclusion in the STRI was tested through both qualitative and quantitative methods. The final STRI is composed of 22 indicators, grouped into 14 social tension risk groups: life dissatisfaction, dissatisfaction with governance and leadership, limited agency and control over life, pessimism regarding the future, uncertainty, poor health, economic hardship, societal decline, experiences of discrimination, openness to misinformation, low generalized trust, intolerance, acceptance of violence, and societal inequality. Results show that risk level fluctuates considerably and display variation across social groups. The overall level of social tension risk in Estonia was low compared to the theoretical maximum. The Social Tension Risk Index (STRI) serves as a practical tool for monitoring societal conditions and analysing the sources of social tension. STRI enables detailed analysis of tension source factors across various social groups. Results showed substantial differences across age groups in both the STRI levels and the sources of tension. The index not only supports monitoring but also provides a foundation for future scientific research for understanding the dynamics of societal cohesion and the emergence of social tensions. Since 2022, the STRI has been officially employed to monitor social conditions in Estonia.
The article discusses the collaboration of Czech sociologists with UNESCO, as well as their inspiration by Paul F. Lazarsfeld, during the 1960‘s. UNESCO organized series of summer schools focused on the application of mathematics in the social sciences in 1960‘s. The concept of this intensive training was developed by Lazarsfeld. Meanwhile, sociology in Czechoslovakia was being revived from the mid-1960‘s onwards. Czech Sociological Review was founded in 1965. Lazarsfeld organized and personally participated in the fourth round of the international UNESCO seminars on Mathematics in the Social Sciences which took place in 1966 in Czechoslovakia. Czechoslovak Sociological Society, which was established in 1965, helped to organize this summer school and followed with methodological courses for Czech sociologists from 1966 onwards, continuing into the 1970‘s and 1980‘s. Czech methodologists defended scientific sociology in Czech Sociological Review against the narrow concept of measurement which forced sociologists to use quantities only. Jan Řehák started with mathematically grounded paper in which he put forward a broader definition of measurement. Michal Illner, Alena Vodáková, and other Czech sociologists wrote next papers with arguments in the discussion which lasted until 1973. All actions of Czech metodologists, UNESCO seminars and the activities of Paul Lazarsfeld helped sociologists navigate the challenging period of the 1970s.
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