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The Role of ICT in Czech Industrial Companies in the 21st Century
[Význam informačních a komunikačních technologií v českých průmyslových firmách 21. století]

Author

Listed:
  • Petra Štamfestová
  • Aleš Kubíček

Abstract

In the conditions of the new economy, business investment in information and communications technology (ICT) has proven to be critical for company development. The main reason is that performance in other business areas is becoming gradually dependent on ICT. The theoretical part of the paper, based on a literature review, discusses the state of the art in the field related to the impact of ICT on selected non-financial performance areas. The aim of the empirical part is to analyse the relationship between the degree of ICT implementation and production quality, customer, and human capital. We employ a questionnaire among industrial companies in the Czech Republic in order to test these relationships. The analysis finds statistically significant relationships between the examined constructs. Our findings suggest that the quality of ICT has a significant impact on production quality, customer and human capital.

Suggested Citation

  • Petra Štamfestová & Aleš Kubíček, 2016. "The Role of ICT in Czech Industrial Companies in the 21st Century [Význam informačních a komunikačních technologií v českých průmyslových firmách 21. století]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2016(2), pages 18-32.
    • Handle: RePEc:prg:jnlaop:v:2016:y:2016:i:2:id:526:p:18-32
    DOI: 10.18267/j.aop.526
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    References listed on IDEAS

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    1. Gary S. Hansen & Birger Wernerfelt, 1989. "Determinants of firm performance: The relative importance of economic and organizational factors," Strategic Management Journal, Wiley Blackwell, vol. 10(5), pages 399-411, September.
    2. Sandra E. Black & Lisa M. Lynch, 2001. "How To Compete: The Impact Of Workplace Practices And Information Technology On Productivity," The Review of Economics and Statistics, MIT Press, vol. 83(3), pages 434-445, August.
    3. Bronwyn H. Hall & Francesca Lotti & Jacques Mairesse, 2013. "Evidence on the impact of R&D and ICT investments on innovation and productivity in Italian firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 22(3), pages 300-328, April.
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    More about this item

    Keywords

    ICT; non-financial indicators; performance;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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