Template-Type: ReDIF-Article 1.0 Author-Name: Ondřej Machek Title: Editorial Pages: 3-3 Volume: 2016 Issue: 4 Year: 2016 File-URL: https://cebr.vse.cz/index.php/cebr/article/download/284/174 File-URL: https://cebr.vse.cz/index.php/cebr/article/download/284/174 File-Format: text/html Handle: RePEc:prg:jnlcbr:v:2016:y:2016:i:4:id:161:p:3-3 Template-Type: ReDIF-Article 1.0 Author-Name: Marek Vich Author-Name: Marina Y. Kim Title: https://cebr.vse.cz/index.php/cebr/article/download/285/175 Abstract: Negative feedback has been repeatedly identified as beneficial for organizational learning, adaptability, and performance. Despite having these advantages, most organizations still do not use negative feedback to its full potential, as they fail to spread it correctly among their members. The application of negative feedback, therefore, faces several issues like misuse or process avoidance that are mostly driven by psychological factors. The purpose of this paper is to discuss potential benefits of a newly emerged organizational approach called radical candor for contemporary state of the art in feedback-related behavior and to propose how it might be successfully applied in organizational settings. We define radical candor as a proactive and compassionate engagement in an unpleasant and direct feedback process. Radical candor may help reduce the influence of psychological factors like extreme levels of attachment, harsh emotions or low self-esteem in order to make organizational members more engaged and satis-fied with the negative feedback process. Organizations willing to apply radical candor might consider either official implementation from top to bottom (through managers and leadership) or unofficial intervention through the agents (employees of all levels) depending on company characteristics. Keywords: radical candor, feedback-seeking behavior, feedback-giving behavior, compassion, self-compassion Classification-JEL: M14, M53, O35 Pages: 11-22 Volume: 2016 Issue: 4 Year: 2016 File-URL: https://cebr.vse.cz/index.php/cebr/article/download/272/173 File-URL: https://cebr.vse.cz/index.php/cebr/article/view/272 File-Format: text/html Handle: RePEc:prg:jnlcbr:v:2016:y:2016:i:4:id:163:p:11-22 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcbr/references/163 Template-Type: ReDIF-Article 1.0 Author-Name: Péter Juhász Title: Management under Limited Information - The Measurement of Off-Balance Sheet Assets at Hungarian firms Abstract: Relying on three questionnaire-based surveys from 2004, 2009 and 2013, each covering around 300 top financial managers of different Hungarian manufacturing and service companies, this article analyzes how the perception and measurement of intellectual capital (IC) elements has changed. Instead of focusing on stock exchange prices or case studies of individual firms, this research is unique for using a database on the opinion of top managers over a decade. After the managers, IC has slightly gained importance giving 48-51 percent of the firm value during the years analyzed, still, most companies give little attention to measuring these items correctly. This is dangerous, as by just focusing on traditional accounting measures or relying on outdated methods, top managers are less likely to take shareholder value maximizing decisions. Encouragingly, those who measure do it better: book value has lost popularity while more appropriate market value based estimates have gained importance. Keywords: valuation, invested capital, intellectual capital Classification-JEL: G32, M41 Pages: 23-33 Volume: 2016 Issue: 4 Year: 2016 File-URL: https://cebr.vse.cz/index.php/cebr/article/download/262/170 File-URL: https://cebr.vse.cz/index.php/cebr/article/view/262 File-Format: text/html Handle: RePEc:prg:jnlcbr:v:2016:y:2016:i:4:id:164:p:23-33 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcbr/references/164 Template-Type: ReDIF-Article 1.0 Author-Name: Petr Král Author-Name: Martin Machek Author-Name: Tomáš Karel Title: Comparative Advertising in the Czech Republic: An Empirical Study Abstract: Comparative advertising had been traditionally banned in most EU countries and was allowed by the European law just relatively recently. That is why in the EU this form of advertising is relatively new, as opposed to the situation in the US, where comparative advertising has been widely used and well accepted by consumers for decades. The literature has been silent on the topic of the effectiveness of comparative advertising in the Czech Republic, as well as in other Central and Eastern European countries. The goal of this paper is to investigate the effectiveness of comparative advertising campaigns in the Czech Republic. Using an online survey with 160 Czech respondents, we found that the attitude towards comparative advertising is rather positive in the Czech Republic. We also identified that the gender of the recipient influences the general perception of comparative advertising. On the other hand, the age of the recipient does not seem to be a moderator of the attitude towards comparative advertising, in general. The results also do not signal any impact of the gender and the age of the recipient on the change of the perception of any of the brands involved in the campaign. Managerial implications target mainly marketing and advertising managers responsible for Central European markets. Keywords: Central Europe, Czech Republic, Marketing communications, comparative advertising, Škoda, Hyundai Classification-JEL: M31, M37 Pages: 34-46 Volume: 2016 Issue: 4 Year: 2016 File-URL: https://cebr.vse.cz/index.php/cebr/article/download/264/171 File-URL: https://cebr.vse.cz/index.php/cebr/article/view/264 File-Format: text/html Handle: RePEc:prg:jnlcbr:v:2016:y:2016:i:4:id:165:p:34-46 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcbr/references/165 Template-Type: ReDIF-Article 1.0 Author-Name: Edina Berlinger Author-Name: Barbara Dömötör Author-Name: Ferenc Illés Author-Name: Kata Váradi Title: Stress Indicator for Clearing Houses Abstract: As a regulatory answer to the crisis, financial instruments are increasingly forced to be cleared centrally even in the OTC markets; therefore, risk management of central clearinghouses has become a central issue. A key term of the regulation is a stress event; however, it is not specified in the legislation what should be meant under stress in the case of a clearinghouse. To find an objective stress indicator, we built up a micro-simulation model of a hypothetical clearinghouse operating on the U.S. equity market between 2007 and 2015. Based on this, we developed a logit regression model to specify an appropriate stress indicator and we showed that our “tailor-made” stress index calibrated to the position of the clearinghouse performs significantly better than the usual market proxies for financial stress. Keywords: Financial stability, central counterparty, EMIR, agent-based simulation, logit regression, Gini-coefficient Classification-JEL: G01, G23, G32 Pages: 47-60 Volume: 2016 Issue: 4 Year: 2016 File-URL: https://cebr.vse.cz/index.php/cebr/article/download/266/172 File-URL: https://cebr.vse.cz/index.php/cebr/article/view/266 File-Format: text/html Handle: RePEc:prg:jnlcbr:v:2016:y:2016:i:4:id:166:p:47-60 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcbr/references/166 Template-Type: ReDIF-Article 1.0 Author-Name: Jaroslava Kubátová Title: Work-Related Attitudes of Czech Generation Z: International Comparison Abstract: The goal of this article is to present work-related attitudes of a sample of Czech Generation Z and their comparison to the results of an international research study. Currently, there are three important trends influencing the labor market: (1) the origin and development of a ubiquitous working environment, (2) the thriving of coworking centers, and (3) Generation Z's entering the labor market. Instead of traditional jobs, the bearers of human capital tend to choose independent work in an online environment, and often work in coworking centers. Using self-determination theory, we substantiate why they thrive better this way. Based on the results of an international research project focused on work attitudes among Generation Z and the results of a replication study we carried out in the Czech Republic, we attest that members of Generation Z may prefer independent virtual work in coworking centers, too. The total amount of available human capital, the lack of which is pointed out by companies, may grow thanks to new ways of working. Companies, which can use human capital of independent workers, gain a competitive advantage. Keywords: Generation Z, ubiquitous working environment, coworking;, human capital Classification-JEL: M100 Pages: 61-70 Volume: 2016 Issue: 4 Year: 2016 File-URL: https://cebr.vse.cz/index.php/cebr/article/download/252/168 File-URL: https://cebr.vse.cz/index.php/cebr/article/view/252 File-Format: text/html Handle: RePEc:prg:jnlcbr:v:2016:y:2016:i:4:id:167:p:61-70 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcbr/references/167 Template-Type: ReDIF-Article 1.0 Author-Name: Eszter Barakonyi Title: Existing Forms of Social Enterprises in Hungary with Particular Regard to Social Cooperatives Pages: 71-78 Volume: 2016 Issue: 4 Year: 2016 File-URL: https://cebr.vse.cz/index.php/cebr/article/download/260/169 File-URL: https://cebr.vse.cz/index.php/cebr/article/view/260 File-Format: text/html Handle: RePEc:prg:jnlcbr:v:2016:y:2016:i:4:id:168:p:71-78 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlcbr/references/168 Template-Type: ReDIF-Article 1.0 Author-Name: Richard Brunet-Thornton Author-Name: Ondřej Machek Title: Mintzberg, Management, and Prague Pages: 5-10 Volume: 2016 Issue: 4 Year: 2016 File-URL: https://cebr.vse.cz/index.php/cebr/article/download/285/175 File-URL: https://cebr.vse.cz/index.php/cebr/article/download/285/175 File-Format: text/html Handle: RePEc:prg:jnlcbr:v:2016:y:2016:i:4:id:162:p:5-10