ECONOMIC IMPACTS OF TECHNIQUE SUBSTITUTION IN CHEMISTRY DUE TO INDUSTRY 4.0

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60461373%3A22810%2F25%3A43932598" target="_blank" >RIV/60461373:22810/25:43932598 - isvavai.cz</a>

Result on the web

<a href="https://ejournals.vdu.lt/index.php/mtsrbid/article/view/6353/3823" target="_blank" >https://ejournals.vdu.lt/index.php/mtsrbid/article/view/6353/3823</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.15544/mts.2025.14" target="_blank" >10.15544/mts.2025.14</a>

Result language

angličtina

Original language name

ECONOMIC IMPACTS OF TECHNIQUE SUBSTITUTION IN CHEMISTRY DUE TO INDUSTRY 4.0

Original language description

The paper analyzes corporate economic effects caused by the substitution of labour by a technique. This kind of substitution is the main phenomenon of Industry 4.0. There is a lack of evidence that the economic benefits of Industry 4.0 outweigh the costs incurred. The paper proves if the initiative Industry 4.0 has positive impacts on corporate performance and if the opposite substitution (increasing importance of labor) does not lead to negative consequences on business results. Financial ratios focused on partial costs are employed to analyse traditional business financial data. The computed cost structure and development are summarized and evaluated by descriptive statistics and the effects of substitution are visualized applying the regression analysis. The chemical companies present a less significant effect of coming Industry 4.0 on the corporate performance than the logistic companies. The general development of the chemical industry was opposite and increasing importance of labour led to the lower level of performance in many cases. Such results could indicate the warnings of late implementation of Industry 4.0 in companies.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2025

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Management Theory and Studies for Rural Business and Infrastructure Development

ISSN

1822-6760

e-ISSN

2345-0355

Volume of the periodical

47

Issue of the periodical within the volume

2

Country of publishing house

LT - LITHUANIA

Number of pages

13

Pages from-to

174-186

UT code for WoS article

001525389200002

EID of the result in the Scopus database

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