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        <copyright>All rights reserved 2026, European Research University</copyright>
        <item>
            <title><![CDATA[The Dynamic Interplay between Working Capital Management and Profitability: Empirical Insights from European Markets]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0016</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0016</guid>
            <pubDate>Sun, 18 Jan 2026 00:00:00 GMT</pubDate>
            <description><![CDATA[

This study aims to investigate the effect of working capital management on the profitability of manufacturing firms in Europe. To achieve the purpose of this research, we used a multiple regression approach on a balanced panel dataset of 39 European manufacturing firms listed on the Frankfurt and Oslo stock markets between 2017 and 2021. The findings illustrated that both return on assets (ROA) and return on equity (ROE) are negatively affected by days sales outstanding. Days payable outstanding have a negative and insignificant effect on ROA, but positive on ROE. Liquidity has a positive impact on both ROA and ROE. Debt to equity has a significant and negative effect on ROA, but a positive on ROE. Overall, managers should understand how to organize and manage working capital because it can be considered a crucial factor in determining the profitability of manufacturing firms.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Constitutional and Administrative Justice and Human Rights Protection: Global Experience and the Case of Kazakhstan]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0018</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0018</guid>
            <pubDate>Sun, 18 Jan 2026 00:00:00 GMT</pubDate>
            <description><![CDATA[

The Kazakh judicial system has undergone significant changes in recent years aimed at increasing its independence, transparency and efficiency. The aim of the study is to analyze contemporary approaches to adjudicating disputes regarding the conformity of normative legal acts with the national Constitution and laws in the constitutional and administrative courts of Kazakhstan, identify issues, and propose solutions to ensure the effective operation of judicial bodies and the protection of citizens’ rights. This comparative analysis has revealed contradictions, gaps, inaccuracies, and other deficiencies in the legal framework governing the activities of the Constitutional Court and administrative courts of Kazakhstan, and has developed recommendations for addressing these issues. The results of the study focus on changes in a number of approaches to the activities of the courts, the criteria and principles of delimitation of powers of the courts of constitutional, administrative and civil jurisdiction.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Gender, Self-Employment and Motivational Factors in a Slovak Context]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0019</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0019</guid>
            <pubDate>Sun, 18 Jan 2026 00:00:00 GMT</pubDate>
            <description><![CDATA[

The aim of this article is to examine and analyze the relationship between gender motivation for self-employment in the Slovak Republic. The article examines potential differences in motivational factors for entering self-employment between men and women based on 13 motivational factors, which were divided into two categories: “pull” and “push”. For the evaluation of the data from the primary questionnaire survey in which more than 300 respondents were involved, we used the Jamovi statistical software, while for statistical testing we used the Mann-Whitney U test. Our results showed that statistically significant differences exist in the two evaluated factors (I wanted better working conditions, I had the opportunity to get the resources to start a business). We did not demonstrate statistical significance between men and women in the other evaluated motivational factors for self-employment. In the aggregate statistical testing of the influence of pull and push factors by taking gender into account, we also did not demonstrate statistical significance. However, our results indicate that the respondents were motivated to start a business more by pull factors.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Social Innovation as a Support for the Development of Social Entrepreneurship in the Czech Republic]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0020</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0020</guid>
            <pubDate>Sun, 18 Jan 2026 00:00:00 GMT</pubDate>
            <description><![CDATA[

The main objective of the research was to clarify whether and what types of innovations are generated by work-integrated social enterprises (WISE) in the Czech Republic. The presentation of the results focuses only on selected types of innovation, namely pure and combined. The paper also aims to clarify whether WISEs generate more pure or combined innovations. The creation of pure innovations is more indicative of typical entrepreneur behaviour, while combined innovations are indicative of social entrepreneur behaviour. To collect primary data, semi-structured interviews were conducted with 18 WISE managers and the results were obtained using content analysis. Thus, the contribution of this paper can be seen in the identification of specific types of social innovations in the WISE environment that help to map the specific needs of managers. The results point to WISE’s support of employees using innovation and their focus on combined innovation.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Analysis of the Experience of the EU Countries in the Field of Auditing the Effectiveness of Public Funds Aimed at Infrastructural Development]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0017</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0017</guid>
            <pubDate>Sun, 18 Jan 2026 00:00:00 GMT</pubDate>
            <description><![CDATA[

National audit systems play an important role in ensuring transparency and accountability in the use of public funds. European Union countries apply different approaches to the organisation and conduct of audits of public resources, which requires an analysis of their experience to identify best practices and possible areas for improvement. The purpose of this study is to identify the best practices in the field of auditing the effectiveness of the use of public funds aimed at infrastructure development, based on the experience of the European Union countries. The research methods include comparative analysis, classification by several criteria, study of the institutional structure, audit methodology, the degree of independence of audit bodies and the use of innovative technologies. The study highlights the importance of international cooperation to improve the quality of auditing and fight corruption. It is noted that despite the diversity of audit approaches in the European Union, there are common problems, such as professional development and the fight against corruption. Auditing plays a key role in ensuring the sustainability of infrastructure projects and improving public funds management. Evaluation of the effectiveness of the use of funds, in particular on the example of the Fehmarnbelt project, shows the possibility of significant budget savings and increased transparency. An important aspect of the study was also the identification of limitations and possible directions for further analysis, aiming to improve the effectiveness of audit practices and adapt them to changes in the financial and technological environment.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[The Court of Justice and Compensation for Non-Material Damage in Case of Infringement of the GDPR]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0012</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0012</guid>
            <pubDate>Fri, 10 Oct 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Slowly but surely, the area regulated by European Union law has become accustomed to the protection of personal data materialized in the GDPR Regulation, which has already celebrated its seventh birthday this year. Although it can already be stated that the fundamental questions and mechanisms for the functioning of this in many ways revolutionary and massive legal regulation have now been resolved or set, there are still areas that are in many ways unclear and await interpretation. One such area was compensation for non-material damage in case of infringement of the Regulation, which, in connection with the protection of personal data, was only brought to light by the GDPR. It is this institute that is the subject of this article, which will present the historical development of the institute, its theoretical foundations and, in particular, the case law of the Court of Justice, which in recent years has begun to interpret this institute and thus give it a realistic and practical picture.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Specialization Trajectory: Slovakia Within the EU]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0015</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0015</guid>
            <pubDate>Fri, 10 Oct 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

While the beginning of the new millennium offered hope for accelerated economic performance and a rapid narrowing of the performance gap compared to the EU average, the last almost fifteen years have brought a slowdown in the process of real convergence for Slovakia, as well as a gradual deterioration of its position in international rankings that assess the qualitative aspects of economic development. This paper investigates the trajectory of Slovakia’s trade specialization with a focus on technological and R&amp;D intensity, using intra-EU export data and revealed comparative advantage (RCA) indicators for the period 2002–2024. The analysis tracks the evolution of four export categories classified by R&amp;D intensity and examines the stability of specialization patterns through Galtonian regression. The results point to persistent medium-tech specialization and signs of β-de-specialization in several sectors, particularly in high-tech exports. These findings suggest that Slovakia’s current export structure, while technologically more sophisticated in appearance, may lack depth in value-added and innovation content. The paper concludes that catching-up economies like Slovakia face limited growth opportunities from static specialization patterns and that long-term convergence prospects depend on structural transformation toward knowledge-intensive and innovation-driven sectors.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Human Capital of Female Entrepreneurs in Different Life Stages]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0011</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0011</guid>
            <pubDate>Fri, 10 Oct 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

This paper presents the findings of a quantitative study on the human capital of women entrepreneurs across three distinct life stages. Human capital was analyzed through five constructs, each comprising multiple variables. The results reveal statistically significant differences in previous entrepreneurial and managerial experience among women entrepreneurs at different stages of life. However, no significant differences were observed in educational level attained, pre-business entrepreneurial knowledge, or previous industry experience. The study underscores the need for tailored training programs for different groups, highlighting the critical role of knowledge acquisition in scaling businesses, particularly for women in the so-called pragmatic phase. Furthermore, the interplay between entrepreneurial motives, aspirations, and human capital warrants deeper investigation, particularly to explore variations across different cultural and national contexts.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Digitalisation of Public Administration Processes in Shaping the Investment Environment of Territorial Communities]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0013</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0013</guid>
            <pubDate>Fri, 10 Oct 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

In today’s environment, businesses and governments have to be able to quickly adapt to new conditions that are shaped by the development of the latest technologies. Thus, it is vital to ensure their implementation in various institutions, including at the level of territorial communities (TCs). The purpose of this study was to propose options for increasing the investment attractiveness of Ukraine’s regions to attract investment in the development of innovative technologies. The main methods employed in this study included analysis, forecasting, and historical. The study concluded that digital transformation plays a key role in the development of the country and its regions. It was shown that one of the main technologies that can be used to improve management efficiency is artificial intelligence. Furthermore, conclusions were drawn about the level of digitalisation of government representatives using the E-Government Development Index and E-Participation Index. The initiative of the Ministry of Digital Transformation to create an index for assessing digitalisation at the level of TCs was also mentioned. The study also offered some recommendations to improve the region’s innovation attractiveness, including simplifying interaction between government officials and investors, increasing the availability of data on regional development, and automating the submission of documents. It was concluded that the use of such recommendations would considerably improve the investment environment at the TC level. The findings of this study will be useful for shaping government policy to ensure a better investment climate both at the national and regional levels.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[The Impact of Removing the Cliff Effect in Child Allowance in the Czech Republic]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0014</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0014</guid>
            <pubDate>Fri, 10 Oct 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Cliff effects in tax and benefit systems have been the subject of growing scholarly attention for more than three decades. Despite this sustained interest, they continue to persist in the design of many national systems. Empirical studies consistently demonstrate that the presence of cliff effects undermines the economic incentives of individuals and households, especially in relation to the concepts of the “unemployment trap” and “poverty trap”. This article focuses on the analysis of a cliff effect associated with child allowance within the system of state social support. The assessment of the potential impact of removing this cliff effect is based on empirical data from November 2022 and 2023, using simulation and microsimulation methods. The results suggest that the elimination of the cliff effect could significantly enhance work incentives for individuals and households near the eligibility threshold. Moreover, the fiscal impact of such a measure appears to be budget-neutral.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Strategies for Companies to Enter International Markets: Literature Review and Conceptualization]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0008</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0008</guid>
            <pubDate>Thu, 17 Jul 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Based on the analysis of the current state of international markets, the article reveals the main problematic issues of creating an effective strategy for companies to enter them. The criteria and approaches to the segmentation of international markets are also disclosed. Priority directions for creating a strategy for companies to enter international markets are identified. The main elements of this strategy are emphasized and the threats to its implementation are classified. The practical result of the study is a set of recommendations for improving the efficiency of applying methods of companies’ entry into international markets. The theoretical result is the identification of the main patterns of interaction between companies in international markets. The scientific originality of the study lies in the fact that for the first time a thorough study of the coffee markets of Germany and Poland was conducted in terms of the entry of foreign business, namely Ukrainian. This allowed us to identify the obstacles and prospects for Ukrainian companies and to create useful proposals for successful entry into the EU market. For the first time, we present a revised model of the international marketing environment that takes into account social capital, availability of support, and institutional maturity of the exporting country. In addition, it highlights modern exit strategies such as marketplaces, crowdsourcing, and diaspora participation. This ensures that the internationalization plan is tailored to the circumstances of Ukraine’s developing economy.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Collaborative Rural Governance Strategy to Enhance Rural Economy Through Village-Owned Enterprise Using Soft System Methodology]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0007</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0007</guid>
            <pubDate>Thu, 17 Jul 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

This study discusses the design of collaborative rural governance strategies to enhance the rural economy through Village-owned Enterprises (VOE) in Riau Province, Indonesia. Using Soft Systems Methodology (SSM) combined with Textual Network Analysis (TNA) in the Rich Picture stage of SSM, we investigated the current state of VOE management. Significant obstacles identified include insufficient business feasibility analyses, lack of managerial skills, misalignment between strategy and practice, and inadequate oversight. To address these challenges, we propose a collaborative strategy involving regional governments, academic institutions, NGOs, and the private sector. This strategy emphasizes community needs assessments, efficient resource mobilization, and targeted training programs. A dedicated working group will ensure continuous monitoring and iterative improvements. Our research highlights the novel integration of SSM with TNA, providing a robust framework for improving VOE management and demonstrating the potential of collaborative efforts in driving rural economic development.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[How Heterogeneous Are the Inflation Expectations?]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0006</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0006</guid>
            <pubDate>Thu, 17 Jul 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

This paper investigates the heterogeneity of inflation expectations among households, firms, and professionals across 14 economies. Using Bayesian model averaging and panel data regressions, we identify key determinants of inflation expectations, assess their stability over time, and evaluate their persistence. Our findings reveal that households and firms rely heavily on past expectations and year-on-year changes in economic variables, whereas professionals are more responsive to monetary policy indicators. The inflation news index emerges as a crucial determinant, especially during high-inflation periods, highlighting the role of media in expectation formation. We find that inflation expectations became more backward-looking during the inflationary period 2022. Additionally, while CPI inflation significantly influences firms and professionals, exchange rates and oil prices appear insignificant.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Factors Influencing the Choice of the Methods and Forms of Education of Social Workers in the Czech Republic]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0010</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0010</guid>
            <pubDate>Thu, 17 Jul 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

The main objective of the article is to assess the influence of the factors selected on the choice of the methods and forms of the employee training in the organization. The research is focused on the investigation of the methods and forms of further education of social workers. Data used in this study were gathered by questionnaire of 219 social workers. The methods of further education used by social workers are examined in order to categorize these methods into groups that would facilitate the development of appropriate combinations of educational methods. Furthermore, the relation between the variables selected and the methods of further education is investigated by means of a dependence test (χ2) and Cramer’s V measurement. Results indicate that methods of further education should be used in combination to increase efficiency. The results form the basis for formulating a scheme of further education in social work.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Sustainable Change Management in Business Higher Education in Central Europe]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0009</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0009</guid>
            <pubDate>Thu, 17 Jul 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

In the situation of changing environment in higher education demands in Central Europe and worldwide with requirements for different types of delivery, it is necessary manage focus on quality of in all possible variants of teaching-learning process. This paper brings case study of Czech business university, where the shift to online delivery and efficient change management brought exponential increase of enrollment. The policies used are discussed, along with the results of students’ evaluation. The aim is to define successful approach of university change management to utilize the impact of interruptions, crisis or unexpected change for innovation of education process and knowledge. The data collection aimed at period from 2019 to 2022. Significant factors influencing quality perception by students who attract their peers are presented: flexible administration, teaching and examination, online accessible materials, upskilled faculty along with individualized student-centered approach, new technology and distance teaching skills.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Principles of Transfer of European Versus Czech Human Rights and Responsibilities Arising Employment Legal Relations]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0005</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0005</guid>
            <pubDate>Sat, 19 Apr 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

The aim of paper is to define differences between Czech legislation and European law established by law or other valid legal regulations and to point out key areas that are different and key principles for transfer of European and Czech human rights and responsibilities arising employment legal relations. The paper of entire study is determination of proposal for measures related to changes in Czech legislation, which formulate proposals changes in Czech legislation. The paper provides a basic overview of theoretical framework for a practical understanding of human rights and responsibilities from labour relations on basis of administrative and legal acts, as well as court decisions. The methods that were used are method of induction and deduction, Best Practice method (own experience from professional practice of authors in positions Deputy of HR manager and lawyer), exclusionary method, observation method, classification analysis method, method of abstraction and comparison method. Outcomes are a comparison of current national and European legislation in form of a case study which is based on essential parts of provisions of relevant legislation of Czech Republic according to paragraph 2 of §338 of Labour Code analysing social work implications in accordance with European legislation make take precedence over Czech law and could be reduced by criteria for assessing retention of identity of transferred economic entity due to a time delay affecting postponement of tasks. The main benefit of study is differences in European legislation when contracting a business transfer or merger. Future research must be compared other legislation in selected European countries not only Czech Republic. European law must be adjusted with respect to individual European countries in future so that even court decisions in each European country are equally legally valid.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[The Human Rights Dimension of Creditors’ Position in Enforcement and Insolvency Procedures: Lessons to Be Learned From ECtHR Case Law]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0001</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0001</guid>
            <pubDate>Sat, 19 Apr 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

The protection of creditors’ human rights and procedural guarantees is important and necessary in both enforcement and insolvency procedures. They are guaranteed in national constitutions and international treaties, in particular the European Convention of Human Rights and Fundamental Freedoms. The purpose of this paper is to compare the position of the creditor in both types of procedures from a human rights perspective. In particular, it focuses on the procedural right to a fair trial (Article 6) and the substantive right to peaceful enjoyment of one’s possessions (Article 1 of Protocol No. 1) as understood by the European Court of Human Rights. The article critically analyses its relevant case law, which, by interpreting both rights, defines the limits of national rules on enforcement and insolvency procedures.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Current State of Information Security in Ukraine]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0002</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0002</guid>
            <pubDate>Sat, 19 Apr 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Information security has always been and is now one of the priority goals of the modern state, and is also a factor in ensuring its sustainable development. In the current conditions of military aggression of the neighboring state, an important place is occupied by information propaganda, which is constantly used by the enemy. In this regard, the front for the struggle is including the information space, which is why this study is relevant. The aim of the study is to analyze the impact of military aggression by the Russian Federation on information security in Ukraine. The research methods were: dialectical, special-legal and system-structural methods. According to the results of the study, information security is a key characteristic of national security, which reflects the state of protection of the state and society from unreliable information influence. It is proved that in 2022 there are about fifty normative-legal support of information security, which regulates and determines the sphere of information security in Ukraine. It has been determined that since 2014 Ukraine has actually suffered from constant information attacks by the Russian Federation, and the first propaganda sentiments were manifested before 2014 in the form of broadcasting on Russian television contradictory historical facts that Crimea suddenly became part of the USSR and its cultural the history of Kievan Rus is recognized as a legacy. The materials of this study can be useful for students and teachers of legal specialties, in particular when considering the discipline of Information Law of Ukraine, Constitutional Law of Ukraine.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Rights and Obligations of Urbexers in the Context of the Legislation of the Czech Republic]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0004</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0004</guid>
            <pubDate>Sat, 19 Apr 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

Urban Exploration (URBEX) is an experiential exploration of abandoned and disused buildings and sites, so-called brownfields, with the aim of visually registering one’s presence there, and at the same time experiencing the sensation of knowing something illicit and dangerous. Urbexer is well aware that his actions violate the law when entering someone else’s often structurally disturbed and waste-laden property, often in a non-standard way and despite a clear prohibition. Given the increasing intensity of URBEX and its popularity among individuals and groups, it is necessary to identify the legal aspects of this conduct. The intention of this paper is to define, within the framework of Czech legal norms, the rights and obligations of the urbexer-explorer, a person who performs Urban Exploration as a voluntary, leisure activity, which, however, is associated with a number of risks and limitations.
]]></description>
            <category>ARTICLE</category>
        </item>
        <item>
            <title><![CDATA[Vulnerability Within the Czech Automotive Supply Chain]]></title>
            <link>https://sciendo.com/article/10.2478/danb-2025-0003</link>
            <guid>https://sciendo.com/article/10.2478/danb-2025-0003</guid>
            <pubDate>Sat, 19 Apr 2025 00:00:00 GMT</pubDate>
            <description><![CDATA[

This study aims to explore the vulnerability within the Czech automotive supply chain. To explore the vulnerability, analyses based on the comparison of both monetary and time-based characteristics, namely profitability, cash flow ratio, indebtedness, and cash conversion cycle, respectively, were employed. The underlying dataset comprises from financial statements of individual companies belonging to the automotive supply chain in the Czech Republic during the period 2011–2018. This supply chain is defined NACE 22, 27, 25, 24 in Tier 1 (raw material producers), Tier 2 (value-adding parts producers, and Tier 3 (components manufacturers and assemblers). Empirical evidence has revealed several findings: within the supply chain itself, Tier 1 companies generate higher profitability and free cash flow accompanied by lower indebtedness and the fastest cash conversion cycle. Thus they are better positioned to withstand current crises than companies from Tier 2 and especially Tier 3 sub-segments.
]]></description>
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