ECONOMIC IMPACTS OF TECHNIQUE SUBSTITUTION IN CHEMISTRY DUE TO INDUSTRY 4.0

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

ECONOMIC IMPACTS OF TECHNIQUE SUBSTITUTION IN CHEMISTRY DUE TO INDUSTRY 4.0

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

ECONOMIC IMPACTS OF TECHNIQUE SUBSTITUTION IN CHEMISTRY DUE TO INDUSTRY 4.0

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2025

Kód důvěrnosti údajů

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

Název periodika

Management Theory and Studies for Rural Business and Infrastructure Development

ISSN

1822-6760

e-ISSN

2345-0355

Svazek periodika

47

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

LT - Litevská republika

Počet stran výsledku

13

Strana od-do

174-186

Kód UT WoS článku

001525389200002

EID výsledku v databázi Scopus

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