2024_Early Access
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- ItemA composite index to measure sustainability of supply chain management in construction companies(2024-08-16) Cataldo, Ieva; Banaitiene, Nerija; Banaitis, AudriusCompanies in the construction sector are increasingly aware of the importance and challenges of sustainability. In recent years, construction companies have introduced some sustainability initiatives and have embraced the concept of sustainability indicators. However, measuring a company’s performance on a wide range of sustainability indicators is challenging. Integration of supply chain sustainability indicators is required. This article presents a methodology for easily consolidating existing supply chain indicators into a single analysis that requires minimal resources. First, the list of 38 sustainability indicators of the supply chain was defined and divided into 7 sustainability groups. The experts were then asked to rank the sustainability groups and the supply chain sustainability indicators within each group according to their importance using the rank sum weighting method. The survey questionnaire was distributed to the respondents via paper or email to 24 academics and top/middle managers of construction companies. Global normalized weights were employed to determine the final indicator rankings. For normalization, target values were suggested for each indicator. Finally, a composite sustainability index for a construction company’s supply chain was developed. The developed composite sustainability index provides a global view of sustainable supply chain management in construction companies, allowing supply chain indicators to be related to their objectives. The developed composite index can be used by supply chain managers in construction companies to assess their organization’s contribution to supply chain sustainability.
- ItemSuccess drivers of equity crowdfunding campaign. Empirical evidence from Poland(2024-10-22) Swacha-Lech, Magdalena; Kurek, RobertThe success factors of equity crowdfunding are already well recognized in the literature but have not previously been studied in Poland. The aim of the paper is to fill the research gap by identifying the determinants of equity crowdfunding success in Poland based on empirical data. The article investigates whether and how entrepreneurs’ conscious use of the non-financial benefits linked to equity crowdfunding (ECF) influences the campaign’s success in Poland. We used data from a survey on the determinants of the success of equity crowdfunding. We conducted the survey using CAWI and CATI methods between September 2021 and January 2022 in collaboration with the Biostat Research and Development Centre as well as Beesfund, Crowdway and FindFunds platforms. Fifty-six companies accepted the invitation to participate in the study. Ultimately, the logistic regression model estimation was based on data obtained from 49 companies (28 of which had already succeeded in the equity crowdfunding campaign). Using the acquired data, we estimated a logistic regression model. As the results of our research show, the likelihood of campaign success is increased by the perception of equity crowdfunding as a tool enabling the acquisition of product and market knowledge, while using this form of financing mainly to obtain funds adversely affects the likelihood of campaign success. The results confirm that in Poland, as in other European countries, equity crowdfunding is no longer seen as a source of last-resort funding but is becoming more than just a fundraising tool. We recommend that entrepreneurs who plan to use this form of financing take advantage of the knowledge and experience of investors and treat equity crowdfunding as a strategic or first choice.