ITEMA 2021 / 5 – Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture - SELECTED PAPERS
ITEMA 2021 / 5 – Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture - SELECTED PAPERS
Contributor(s): Vuk Bevanda (Editor), Paulo Alexandre (Editor)
Subject(s): Social Sciences, Economy
ISSN: 2683-5991
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Information Technology; Tourism; Economics; Management; Agriculture
Summary/Abstract: The purpose of the annual ITEMA conference is to support the power of scientific research and dissemination of the research results with the objective to enhance society by advancing knowl¬edge; policy-making change, lives, and ultimately, the world. Our objective is to continue to be the foremost annual conference on cutting-edge theory and practice of information technology, tourism, economics, management, and agriculture, encouraging advancement via excellence, and interaction. ITEMA conference aims to bring together the international academic community (experts, sci-entists, engineers, researchers, students, and others) and enable interactive discussions and other forms of interpersonal exchange of experiences and popularization of science and personal and collective affirmation. The annual ITEMA conference is committed to the highest standards of publishing integrity and academic honesty as ensuring ethics in all its publications. Conformance to standards of ethical behavior is therefore expected of all parties involved: authors, editors, reviewers, and the publisher. The conference organizer follows the Committee on Publication Ethics (COPE) guidelines on how to deal with potential acts of misconduct. All received full papers prior peer review process are subject to plagiarism check with iThenticate by Turnitin software. Any identified plagiarism automatically disqualifies a paper. Afterward, all full papers are double-blind peer-reviewed by the reviewers drawn from the editorial committee or external reviewers depending on the topic, title, and the subject matter of the paper. Peer reviewers provide a critical assessment of the paper and may recommend improvements. Although the au-thor may choose not to take this advice, we highly recommend that the author address any issues, explaining why their research process or conclusions are correct. The conference program of the 5th International Scientific Conference on Recent Advances in In-formation Technology, Tourism, Economics, Management, and Agriculture - ITEMA 2021 held on October 21, 2021, combined presentations of the latest scientific developments in the field of eco-nomic growth, sustainable development, different aspects of globalization, COVID-19 pandemic, business, marketing, human resource management, entrepreneurship, business intelligence, digital technologies, tourism, agricultural production, organic cultivation, and others. The selection of papers for presentation on the conference day was based on quality, originality, and relevance. ITEMA 2021 keynote speakers were Professor Alla Z. Bobyleva – DSc (Economics) represent¬ing Lomonosov Moscow State University (Moscow, Russian Federation) with the topic “Design¬ing a sustainable development transformation program for a company” and associate professor Victor-Alexandru BRICIU from the Transilvania University of Brasov, Faculty of Sociology and Communication, Department of Social Sciences and Communication (Brasov, Romania) with the keynote speech titled “Employer of choice concept”. Within publications from the ITEMA 2021 conference: • 11 double peer-reviewed papers have been published in the ITEMA 2021 Selected Papers, • 27 double peer-reviewed papers have been published in the ITEMA 2021 Conference Pro-ceedings, • 59 abstracts have been published in the ITEMA 2021 Book of Abstracts.Altogether ITEMA 2021 publications have more than 400 pages. All full papers have DOI num-bers and ORCID iD integration. Participation in the conference took 120 researchers representing 20 different countries from different universities, eminent faculties, scientific institutes, colleges, various ministries, local governments, public and private enterprises, multinational companies, associations, etc.
- Print-ISBN-13: 978-86-80194-50-9
- Page Count: 105
- Publication Year: 2021
- Language: English
The Impact of Digital Technologies on Tourism Consumption – Case of Croatia
The Impact of Digital Technologies on Tourism Consumption – Case of Croatia
(The Impact of Digital Technologies on Tourism Consumption – Case of Croatia)
- Author(s):Andriana Jelušić, Karmen Mikulić, Nikola Pavić
- Language:English
- Subject(s):Social Sciences, Economy
- Page Range:1-10
- No. of Pages:10
- Keywords:Tourism; Tourism consumption; Digital technology; Tourism competitiveness; Croatia
- Summary/Abstract:Tourism has a tremendous impact on the economy of a country and the realization of tourism consumption is a prerequisite for economic growth. Digital technologies are an important part of modern tourism. Technology is evolving rapidly, and the tourism industry must follow modern trends to remain competitive. Throughout this research, the technologies of the future, which represent a great potential for the change and development of tourism, will be discussed. The purpose of this research is to determine whether digital technologies influence tourism consumption and how they can facilitate information access about the desired destination. The research was conducted on 159 test subjects in the Republic of Croatia using a questionnaire survey. Digital technologies shape the human perception of a particular destination and influence tourists’ choice of where to stay. Since most people today use digital technologies to learn about a product – a destination in this case – tourism consumption will be absent or significantly lower in destinations that are not advertised with the help of some sort of technology. It can be concluded that there is a direct relationship between the use and presence of digital technologies and the realization of tourism consumption. These hypotheses have been confirmed throughout this research.
Impact of Pandemic on Tourism in Slovakia
Impact of Pandemic on Tourism in Slovakia
(Impact of Pandemic on Tourism in Slovakia)
- Author(s):Maria Farkašova, Radomíra Hornyák-Gregáňová, Dana Országhová
- Language:English
- Subject(s):Social Sciences, Economy
- Page Range:11-17
- No. of Pages:8
- Keywords:Tourism; Number of visitors; Number of overnight stays; Facility capacity; COVID-19 pandemic
- Summary/Abstract:Tourism is one of the important sectors of the economy in which the effects of the COVID-19 spread have been most noticeable. In Slovakia, signs of coronavirus pandemic began in March 2020 and established travel restrictions with impact on tourism at national, European, and global levels. The main objective of the paper is the evaluation of selected factors of tourism and the impact of the pandemic on them in the Slovak Republic. Empirical data were processed by the method of analysis and synthesis. Accommodation of visitors reached the level of 49.9% in 2020 compared to 2019. A decrease in number of foreign visitors was reflected in a significant decline in sales with liquidation consequences for many accommodation facilities, hotels, restaurants, and related services. The enormous rise in unemployment was mitigated in 2020 by the state’s financial support in coordination with European funds. Tourism companies are looking for different ways to manage this problem independently or with the state help.
Wine Destination Offered as a Brand – Enotourism in Chile
Wine Destination Offered as a Brand – Enotourism in Chile
(Wine Destination Offered as a Brand – Enotourism in Chile)
- Author(s):Patrik Kubát
- Language:English
- Subject(s):Social Sciences, Economy
- Page Range:19-28
- No. of Pages:10
- Keywords:Wine tourism; Maule Valley; New World Wine country; Destination brand
- Summary/Abstract:Chile is seen as a wine-producing giant from New World Wine, and so its brand as a destination is nowadays mostly associated with nature and then with wine. As a country of wine for incoming tourists, it can offer even more connection to wine due to the superior qualities of its history, culture, and nature. Enotourism is a trend that could explicitly produce the next wine tourism destination, among other things. This paper aims to determine the state of the art on the supply side (wineries) for wine tourism and to find out the extent to which winemakers offer wine services in their winery in a particular wine destination. The field research was conducted in one of Chile´s wine-producing regions: Maule Valley. Semi-structured interviews, followed by the processing of the obtained data, constitute the main source base. This paper also proposes possible recommendations for the wine destination brand of Maule Valley.
Empirical Investigation of the Impact of Globalization on Economic Growth: Any Difference between the de Jure and de Facto Measures of Globalization?
Empirical Investigation of the Impact of Globalization on Economic Growth: Any Difference between the de Jure and de Facto Measures of Globalization?
(Empirical Investigation of the Impact of Globalization on Economic Growth: Any Difference between the de Jure and de Facto Measures of Globalization?)
- Author(s):Vladimir Šimić
- Language:English
- Subject(s):Social Sciences, Economy
- Page Range:29-38
- No. of Pages:10
- Keywords:Globalization; Growth; Ex-socialist Countries
- Summary/Abstract:This paper empirically investigates how globalization impacted economic growth in a broad group of countries covered by the wiiw (the Vienna institute for international economic studies) database covering the period since the 1990s. Whilst theoretical arguments in favor of the positive effects of globalization are predominant, there also exist sound arguments pointing out that the effects might be negative too. Empirical evidence also provides a mixed picture. Given this ambiguity, it seems reasonable to further pursue the empirical effects of globalization on growth. The novelty in this paper is the application of different measures of globalization within the KOF index of globalization introduced by Dreher (2006) and later revisited by Gygli et al. (2019). In particular, this applies to distinguishing between the de jure and de facto measures of globalization and allows a comparison between the findings of these approaches. In its empirical investigation, this study uses the panel data analysis covering the ex-socialist European and Asian countries providing some interesting insights.
Trends in the Management Accounting Research: A Review of the Literature Published during the COVID-19 Pandemic
Trends in the Management Accounting Research: A Review of the Literature Published during the COVID-19 Pandemic
(Trends in the Management Accounting Research: A Review of the Literature Published during the COVID-19 Pandemic)
- Author(s):Marcia R.C. Santos, Rui Dias, Paulo Alexandre, Paula Heliodoro
- Language:English
- Subject(s):Social Sciences, Economy
- Page Range:39-45
- No. of Pages:8
- Keywords:Management accounting; Literature; COVID-19 pandemic
- Summary/Abstract:Management accounting theory aims to contribute to managers using accounting reports for supporting their management decisions. During the COVID-19 pandemic, such insights would be essential for supporting decisions during lockdowns and other policy makers’ rules imposed by this health crisis. To unveil how academic literature addresses management accounting challenges arising from the COVID-19 specific context, this study conducts an automated computer analysis of the bibliometric data addressing financial issues related to the COVID-19 pandemic.
Trends in the Financial Research: A Critical Analysis and Review of the Literature Published during COVID-19 Pandemic
Trends in the Financial Research: A Critical Analysis and Review of the Literature Published during COVID-19 Pandemic
(Trends in the Financial Research: A Critical Analysis and Review of the Literature Published during COVID-19 Pandemic)
- Author(s):Marcia R.C. Santos, Rui Dias, Paulo Alexandre, Paula Heliodoro
- Language:English
- Subject(s):Social Sciences, Economy
- Page Range:47-53
- No. of Pages:8
- Keywords:Financial theory; Literature; COVID-19 pandemic
- Summary/Abstract:Financial theory encompasses several financial domains, as management, budgeting, or investing. Over time, different topics have been addressed in financial policies in different countries, which were followed by academics. During the COVID-19 pandemic, specific crisis-related issues have been addressed to contribute to the financial dimensions of individuals and companies. In order to map the literature addressing financial issues and to locate the research topics in content and time, this study conducts an automated computer analysis of the bibliometric data addressing financial issues related to the COVID-19 pandemic. The analysis provides empirical evidence of the main research channels and the topics receiving the most attention in 2020.
The Impact of the Pandemic on the Level of Financial Literacy of Technical University Newcomers
The Impact of the Pandemic on the Level of Financial Literacy of Technical University Newcomers
(The Impact of the Pandemic on the Level of Financial Literacy of Technical University Newcomers)
- Author(s):Zuzana Kozubíková, Aleš Kozubík
- Language:English
- Subject(s):Social Sciences, Economy
- Page Range:55-63
- No. of Pages:10
- Keywords:Financial education; Distanced learning; Statistical methods; Questionnaire survey
- Summary/Abstract:Financial literacy is one of the key competencies for life in modern 21st-century society. Several studies show that education plays an important role in raising the level of financial literacy and economic awareness. It is the consistency and continuity in education that positively influence an individual’s financial competence. However, recent years have been influenced by the anti-pandemic measures in connection with the COVID-19 disease. These measures have also had a significant impact on education particularly, in the transition to distance online education. In this paper, the authors focus on the level of financial literacy of university students coming out of long-term distance education. The authors have applied the questionnaire survey method in the research. The research uses the personal finance index as a proxy for measuring financial literacy. The authors compare the results obtained with those from the pre-COVID period using statistical methods. This approach then allows concluding the impact of the move to distance learning on levels of financial literacy.
Bankruptcy Prediction: The Case of the Czech Republic and Slovakia
Bankruptcy Prediction: The Case of the Czech Republic and Slovakia
(Bankruptcy Prediction: The Case of the Czech Republic and Slovakia)
- Author(s):Martina Sponerová
- Language:English
- Subject(s):Social Sciences, Economy
- Page Range:65-71
- No. of Pages:8
- Keywords:Bankruptcy prediction; Financial distress; SME; Financial indicator; Logistic regression
- Summary/Abstract:A considerable number of publications accompanies the research topic of bankruptcy prediction. This has been motivated by the massive toll on SMEs caused by the global crisis of 2007-2009, the recent COVID-19 crisis and the resulting need to update indicators of SME failure. This paper focuses on the Czech and Slovak economies, specifically at small and medium-sized enterprises (SMEs). This article aims to find if different factors could predict bankruptcy for Czech and Slovak companies. There were investigated 574 Czech companies and 889 Slovak companies for the period 2010 – 2018. The resulting findings confirm conclusions of the last year’s literature review. It is most appropriate to construct a financial distress model for a given country or a group of countries with similar characteristics or neighbouring countries. Furthermore, it is advisable to exploit common used financial indicators with a combination of modified indicators to assess the probability of bankruptcy precisely.
Crowdfunding European Game Campaigns – Evidence from 2017 Kickstarter Projects
Crowdfunding European Game Campaigns – Evidence from 2017 Kickstarter Projects
(Crowdfunding European Game Campaigns – Evidence from 2017 Kickstarter Projects)
- Author(s):Dominika P. Galkiewicz, Sarinya Jantapan
- Language:English
- Subject(s):Social Sciences, Economy
- Page Range:73-83
- No. of Pages:12
- Keywords:Crowdfunding; Game; Kickstarter; Reward; Product
- Summary/Abstract:Crowdfunding is widely recognized as an innovative financing form. It is highly popular with companies and individuals who seek financial support from local and global sources with Kickstarter.com being the most popular reward-based crowdfunding platform. In 2017, with 26 percent most of the crowdfunding money was obtained by projects from the game category (where ca. 45 percent of all campaigns were funded). The objective of this study is to determine factors influencing the success of European projects from the game category on the reward-based crowdfunding platform Kickstarter.com in 2017. The findings show that setting a lower, rather than a higher, funding goal increases the probability to receive more funds. Similarly, fundraisers who communicate interactively with the crowd and keep their supporters updated, e.g. about the progress of their campaigns, new developed game features and rewards, face a higher probability to reach the pre-specified funding goal. The most important determinant is, however, represented by (pre-)selling and offering products such as tabletop games, playing cards or video games as rewards. Such initiatives increase the chances for success by up to 18 percent. Our results are relevant for individuals, founders, and innovative companies intending to initiate a game campaign on Kickstarter.com in Europe.
Young Consumers’ Product Perception and Consumer Motivation Towards Buying Local Products
Young Consumers’ Product Perception and Consumer Motivation Towards Buying Local Products
(Young Consumers’ Product Perception and Consumer Motivation Towards Buying Local Products)
- Author(s):Judit Beke, Marietta Balazsne Lendvai, Ildikó Kovács
- Language:English
- Subject(s):Social Sciences, Economy
- Page Range:85-92
- No. of Pages:8
- Keywords:Local products; Consumer motivation; Consumption intentions; Young consumers; Sustainability
- Summary/Abstract:An important aspect of sustainable food consumption is the consumption of local food. The concept of local food is often linked to sustainability which is gaining importance in the marketing communication of food brands since it fits in with the conscious consumption intentions of young people. In addition to studying the nature and consumer perception of local products, the study explores consumer motivations of young consumers aged 18-25 using qualitative focus group research method. Based on the results, the products that young consumers are willing and motivated to buy can be identified, and the most important trigger words can also be selected. Qualitative research methods were used to identify the most significant consumer motivation elements among young consumers.
Effects of the Pandemic on the Supply Chain in the Construction Industry
Effects of the Pandemic on the Supply Chain in the Construction Industry
(Effects of the Pandemic on the Supply Chain in the Construction Industry)
- Author(s):Johannes Regner, Milan Fekete
- Language:English
- Subject(s):Social Sciences, Economy
- Page Range:93-105
- No. of Pages:14
- Keywords:Crisis management; Digitalization; Infrastructure
- Summary/Abstract:The present study focuses on digitalization strategies within the realm of supply chain management, wherein the focus is set on the specific economic environment of companies in the supply chain of critical infrastructure providers. Digitalization strategies are within this paper discussed concerning supply chain management and its relevance to the ongoing and influential COVID-19 crisis, where digital strategies of collaboration and management became imperative. To address the research question about the state of implementation of digital strategies within this specific industry, a qualitative empirical study was conducted. Experts from companies acting as suppliers of critical infrastructure were interviewed in an online setting regarding their own experiences with the implementation of digital strategies and according to challenges. Within the analysis of these interviews, it became obvious that digital strategies pre-crisis were only rarely implemented, with only one out of seven experts reporting about more advanced strategies. The COVID-19 crisis is described to be an accelerator regarding digitalization, although specific challenges resulting from unclear legal situations and frameworks are reported.
