Petr Petera | University of Economics Prague (original) (raw)

Papers by Petr Petera

V posledních letech a desetiletích byl zpochybňován pozitivní vliv systémů měření a řízení výkonn... more V posledních letech a desetiletích byl zpochybňován pozitivní vliv systémů měření a řízení výkonnosti (ve vazbě na odměňování) na motivaci pracovníků. Předmětem koncepčně orientované části disertační práce je snaha rozpoznat, zda zmíněná kritika diskutovaných systémů vychází z jejich inherentních vlastností, či z vlastností jejich konkrétních implementací. Rozsáhlá multidisciplinární rešerše literatury (zejména z oborů účetnictví, měření výkonnosti, finančního řízení, mikroekonomie, ekonomie práce, behaviorální ekonomie a psychologie) prokázala, že systémy měření a řízení výkonnosti (včetně vazby na odměňování) mají potenciál pozitivně působit na motivaci, pracovní úsilí a výkonnost pracovníků. Odmítání tohoto potenciálu, které se často objevuje zejména ve vztahu k odměňování, je založeno na konkrétních aplikacích, a je nutné jej odmítnout jako zjednodušující. Uvedená rešerše rovněž napomohla identifikovat faktory a charakteristiky diskutovaných systémů, které mají klíčový význam pr...

MIR Series in International Business, 2017

The use of general descriptive names, registered names, trademarks, service marks, etc. in this p... more The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

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Accounting challenges for sustainability and innovations, 2021

Directive 2014/95/EU gave the EU Member States a certain flexibility when transposing it into nat... more Directive 2014/95/EU gave the EU Member States a certain flexibility when transposing it into national law. Each Member State could, therefore, decide to introduce regulations of varying degrees of stringency. According to Directive 2014/95/EU, large companies have to publish reports on the policies they implement in relation to environmental protection, social responsibility and treatment of employees, respect for human rights, anti-corruption and bribery, diversity on company boards (in terms of age, gender, educational and professional background).In order to satisfy the EU rules, the Republic of Croatia has implemented into its legislation the provisions of the Directive 2014/95/EU regarding the disclosure of certain non-financial reporting, by amending the Accounting Act. Some companies registered in Croatia have been disclosing some of the required non-financial information in their reports even before the effective date of the Direc-tive, but conducted studies conclude that t...

In this paper we pick up the threads of our previous research on rewards systems and present upda... more In this paper we pick up the threads of our previous research on rewards systems and present updated results accordingly. Our new empirical research was conducted among for-profit organizations domiciled in the Czech Republic and with more than 250 full-time employees. We focused our attention on the degree to which the principles of the total rewards approach are utilized, on the procedures employed for job evaluation, and on the implementation of rewards for performance. Results are compared to our previous research, as well as to the results of similar survey conducted among U.S. private companies. Our research showed that companies in the Czech Republic make intensive use of the principles of the total rewards approach and also make intensive use of rewards for performance (short-term variable rewards for performance were implemented by 81 percent of our respondents and long-term variable rewards for performance were implemented by 48 percent of our respondents). For job evaluat...

The Impact of Globalization on International Finance and Accounting, 2017

Our paper strives to analyse quantity and content of voluntary disclosures relating to human reso... more Our paper strives to analyse quantity and content of voluntary disclosures relating to human resources within annual reports of the largest corporations domiciled in the Czech Republic. In this context, we distinguish disclosures on social responsibility (which are interesting especially for stakeholders like employees and unions) and disclosures related to human capital (which are interesting especially for shareholders). Joined analyses of these two intertwined areas are infrequent because scholars usually aim their attention either on social responsibility reporting or human capital reporting. Our paper uncovers characteristics of reporting on both social and human capital aspects of human resources in the Czech Republic and thus addresses the research gap. Specifically, we quantify the amount of voluntary disclosure on human resources in annual reports of the 50 Czech largest corporations. We found that in analysed annual reports, voluntary disclosure on human resources relates primarily to social information.

In this paper we outline our research and present final results of our empirical investigation (s... more In this paper we outline our research and present final results of our empirical investigation (survey), which was conducted among the biggest Czech companies and aimed at the quality (maturity) of their performance measurement and management system (PMMS) in connection with rewards system (RS). The paper is focused on the part of the survey dealing with rewarding of employees in relation to performance measurement. Descriptive statistics are given and weaknesses of rewards systems implemented in the analyzed companies are identified and some generalizations are made. Degree of utilization of the total rewards approach (TRA) is discussed. We also discuss correlation of indices which we constructed for evaluation of the quality of the implemented rewards system with subjective evaluation of these systems.

PurposeThis paper contributes to budgeting-related literature by investigating whether the partic... more PurposeThis paper contributes to budgeting-related literature by investigating whether the participation of operational managers in budgeting, and budget-based evaluations and the rewarding of operational managers, significantly mediate the relationship between budget use for operational management and the perceived usefulness of the budget.Design/methodology/approachThe paper is based on data gathered from a survey of Czech medium- and large-sized companies from the manufacturing sector. The hypothesised relationships are tested using partial least squares structural equation modelling (PLS-SEM).FindingsOverall usefulness of the budget, as perceived by principals (top managers), is positively influenced by the scope of budget use, but, more importantly, the positive mediating effects of participative budgeting and budget-based evaluation and rewarding on this relationship are significant and strong.Research limitations/implicationsThe subjective perceptions of respondents were inve...

In our paper we investigate properties of rewards systems implemented in the Czech Companies. Att... more In our paper we investigate properties of rewards systems implemented in the Czech Companies. Attention is paid especially to total rewards approach, job evaluation schemes and rewards for performance. Empirical research conducted among companies with their seat in the Czech Republic and with more than 250 full time employees showed that large Czech companies implement total rewards approach and intensively use rewards for performance. Prevailing schemes used for job evaluation aremarket-based scheme and analytical job evaluation. Last but not least, a framework in the form of a set of questions is proposed. This framework may be useful for practice, because it may help managers to think about rewards for performance in a comprehensive and systematic way.

The paper examines an approach to the sustainability management and reporting of the large compan... more The paper examines an approach to the sustainability management and reporting of the large companies established in the Czech or Slovak Republic from selected industrial sectors. Investigated is also correlation between selected factors and relevance of sustainability for companies. Data were collected via web-based questionnaire, and we obtained 63 answers from Czech companies and 41 answers from Slovak companies. Slovak companies outperform Czech companies in most researched areas. Possible explanation of this difference is the fact that companies in the sample from the Slovak Republic are more multinational.

Energies, 2021

The importance of corporate social responsibility, especially in the environmental domain, contin... more The importance of corporate social responsibility, especially in the environmental domain, continues to grow in an era of mounting climate urgency. This study is based on original, empirical, survey-based research in two post-communist European countries and seeks to add a geographical viewpoint and to investigate the influence of innovative constructs (environmental reporting, environmental strategy, environmental management control system) on environmental and economic performance. Data are analysed through partial least squares structural equation modelling, which enables the use of a complex model with several links between constructs. Findings reveal that environmental strategy has a positive impact on the use of an environmental management control system and an indirect positive impact on environmental performance. The environmental management control system has been shown to have a positive influence on environmental performance and, ultimately, on economic performance.

Social Responsibility Journal, 2017

Purpose The purpose of the paper is to investigate voluntary human resources disclosure (hereinaf... more Purpose The purpose of the paper is to investigate voluntary human resources disclosure (hereinafter referred to as “HR disclosure”) by the largest companies domiciled in Czechia. The key research questions are: What is the quantity of disclosure on various topics related to HR? Is there a significant difference in the quantity of HR disclosure between companies? Which factors influence the quantity of HR disclosure? Design/methodology/approach A quantitative content analysis (CA) of annual reports of the 50 largest companies domiciled in Czechia was used. An established coding scheme is used to code annual reports, and subsequently, various statistical methods (descriptive statistics, correlation analysis, multiple linear regression) are used to answer the key research questions. Findings Primarily, social information is reported (what a company does for its employees) as information on the contribution of employees to the company’s value is rudimentary. Secondly, there is a signif...

This paper presents results of our empirical research (survey), which was conducted among large p... more This paper presents results of our empirical research (survey), which was conducted among large profit-oriented companies with seat in the Czech Republic and is focused on total rewards approach, job evaluation, types of rewards and on rewards for performance. Our survey exposed that our respondents implement majority of important properties that are typical for total rewards approach. An exception is cafeteria system and respecting of demographical structure of workforce, which are only weakly utilized. Some minor problems were identified also in the area of improving of remuneration system (system dynamics). As for job evaluation, analytical schemes and market pricing are used by a similar percentage of respondents. On the other hand, majority of our respondents (73 percent) at least strive to find out market value of relevant jobs. In case of internally oriented schemes, we were a bit surprised by high percentage of respondents, who use only insufficient, imprecise data. Finally,...

MIR Series in International Business

The change has been done and has been updated to "Ratajczak" from "Ratjaczak".

In this paper we analyze external corporate social responsibility (CSR) reporting by companies fa... more In this paper we analyze external corporate social responsibility (CSR) reporting by companies falling among the 50 largest (by sales volume) corporations domiciled in the Czech Republic and belonging to the selected industrial sectors. The findings show that only 7 of these 50 companies published a standalone CSR report with indicators computed primarily for their operations within the Czech Republic. Because we already published analysis of these standalone reports, in this paper we extend our analysis to the annual reports. The amount of CSR-relevant information provided in annual reports varies greatly. We found reports that do not contain nearly any CSR-relevant information as well as reports, which provide really comprehensive information. Nevertheless vast majority of annual reports does not provide much numeric CSR-relevant information as can be seen from our analysis of numeric indicators. The situation in the area of disclosure of non-numeric (narrative) information about ...

This chapter deals with sustainability reporting (SR) in the Czech Republic (CR). The institution... more This chapter deals with sustainability reporting (SR) in the Czech Republic (CR). The institutional framework for sustainability with focus on reporting is introduced and analyzed. Key results of previous research are discussed concisely. The main findings of our own research are described and compared to the previous research. Our findings are in accordance with majority of the previous studies. Sustainability reporting is not widespread, but the number of reporting organizations is growing. Finally, key insights and recommendations for managers are given.

Purpose This paper contributes to budgeting-related literature by investigating whether the parti... more Purpose
This paper contributes to budgeting-related literature by investigating whether the participation of operational managers in budgeting, and budget-based evaluations and the rewarding of operational managers, significantly mediate the relationship between budget use for operational management and the perceived usefulness of the budget.

Design/methodology/approach
The paper is based on data gathered from a survey of Czech medium- and large-sized companies from the manufacturing sector. The hypothesised relationships are tested using partial least squares structural equation modelling (PLS-SEM).

Findings
Overall usefulness of the budget, as perceived by principals (top managers), is positively influenced by the scope of budget use, but, more importantly, the positive mediating effects of participative budgeting and budget-based evaluation and rewarding on this relationship are significant and strong.

Research limitations/implications
The subjective perceptions of respondents were investigated with the understanding that they may not represent actual situations in their organisations. Companies with well-functioning budgeting systems were more likely to take part in the research. Regarding satisfaction, the authors studied the perceived usefulness of the budget. Only medium- and large-sized manufacturing companies located in a post-communist country were analysed and generalisations should, therefore, be taken with caution.

Practical implications
The results in the studied sample indicate that satisfaction with budgeting is positively correlated with the rewarding and evaluation of operational managers, and with enabling the participation of operational managers in preparing and updating their budgets.

Originality/value
This research contributes to prior literature on budgeting by investigating the mediating effects of the participation of operational managers in budgeting, and the budget-based evaluation and rewarding of operational managers on the perceived usefulness of the budget by principals in an integrated model using the PLS-SEM approach.