The Slovakian Forest-Based Sector in the Context of Globalization

Abstract

This paper investigates the impact of the global economy on the forestbased sector in Slovakia in the early years of the 21 st century. Indicators such as gross domestic product, production value of forestry-wood sectors, net exports, foreign direct investments, and the ratio indices of foreign direct investment to GDP in industrial production and foreign direct investment to production value were used to analyze this sector in the context of globalization. Multiple regression analysis was used to determine the factors that significantly affect the development of the forest-based sector and to shed light on how globalization impacts the analyzed sector. The results showed that the forest-based sector had a minor impact of the Slovak economy with less than 5% share on the whole GDP. Using multiple regression analysis it was found that globalization factors such as foreign direct investment and net export did not have a significant influence (p > 0.44175) on the forest-based sector during the investigated period. Nevertheless, the highest globalization indicators were detected by the pulp and paper industry ( ̅ = 2.72; 29.14) and the furniture manufacturing ( ̅ = 1.60; 27.57). The highest variability of FDI was identified in the forest sector (vx = 72.38%; 67.32%) by influence of zero FDI in the last three years and in the wood industry (vx = 38.90%; 38.51%).

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“…Various authors, e.g. Miles & Covin (2000), Pujari et al (2003), Shrivastava (1995), Hajduchova et al (2016), as well as the results of our research have confirmed that growth in the efficient use of disponsible resources in an enterprise, fast return on investments, improving the image of an enterprise, differentiation of an enterprise, and achieving a competitive advantage are significant benefits of the environmental sustainability within the development of green products and logistics activities. Within their research, Chen et al (2006) have proved a direct dependence between the innovations of a green product and the green innovations of processes in an enterprise.…”

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Corporate Sustainability in the Process of Employee Recruitment through Social Networks in Conditions of Slovak Small and Medium Enterprises

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Green Logistics in Slovak Small and Medium Wood-Processing Enterprises

“…Interest in environmental issues and sustainability is rising worldwide, pushing enterprises to take more and more responsibility for their products and services (Alkhidir and Zailani 2009;Musa et al 2015;Ivascu and Cioca 2015;Hajdúchová et al 2016). In this context, the logistics of enterprises should represent the effort to synchronize, coordinate, and optimize the information and material flows, to satisfy the needs of customers, at adequate costs, and with minimum negative effect on the environment.…”