Exploring impact of economic cost of violence on internationalization
Companies have to deal with many different challenges in their environment every day. In this article, focus is given to inspecting the impact of the economic costs of violence on 119 countries worldwide. In the analysis, the CAGE model, which consists of four complex domains: Cultural, Administrati...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
SAGE Publishing
2018-05-01
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| Series: | International Journal of Engineering Business Management |
| Online Access: | https://doi.org/10.1177/1847979018771244 |
| _version_ | 1818645720389910528 |
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| author | Mirjana Pejić Bach Ksenija Dumičić Božidar Jaković Helena Nikolić Berislav Žmuk |
| author_facet | Mirjana Pejić Bach Ksenija Dumičić Božidar Jaković Helena Nikolić Berislav Žmuk |
| author_sort | Mirjana Pejić Bach |
| collection | DOAJ |
| description | Companies have to deal with many different challenges in their environment every day. In this article, focus is given to inspecting the impact of the economic costs of violence on 119 countries worldwide. In the analysis, the CAGE model, which consists of four complex domains: Cultural, Administrative, Geographic, and Economic differences, is used to group countries according to their development level and the level of violence costs. However, in the clustering analysis, except the CAGE variable, 10 additional variables describing development level and the economic costs of violence are used as well. According to the conducted nonhierarchical cluster analysis, in which a k -means approach was used, six groups of countries are recognized. Most countries can be found in the cluster of developing countries with low economic costs of violence. So, the results pointed out that, despite the low economic costs of violence, a large number of countries are still struggling with other key environmental challenges that prevent them from achieving their full economic development potential. |
| first_indexed | 2024-12-17T00:35:14Z |
| format | Article |
| id | doaj.art-b291915cb0d2441e993aa4a8d2f2b54c |
| institution | Directory Open Access Journal |
| issn | 1847-9790 |
| language | English |
| last_indexed | 2024-12-17T00:35:14Z |
| publishDate | 2018-05-01 |
| publisher | SAGE Publishing |
| record_format | Article |
| series | International Journal of Engineering Business Management |
| spelling | doaj.art-b291915cb0d2441e993aa4a8d2f2b54c2022-12-21T22:10:10ZengSAGE PublishingInternational Journal of Engineering Business Management1847-97902018-05-011010.1177/1847979018771244Exploring impact of economic cost of violence on internationalizationMirjana Pejić BachKsenija DumičićBožidar JakovićHelena NikolićBerislav ŽmukCompanies have to deal with many different challenges in their environment every day. In this article, focus is given to inspecting the impact of the economic costs of violence on 119 countries worldwide. In the analysis, the CAGE model, which consists of four complex domains: Cultural, Administrative, Geographic, and Economic differences, is used to group countries according to their development level and the level of violence costs. However, in the clustering analysis, except the CAGE variable, 10 additional variables describing development level and the economic costs of violence are used as well. According to the conducted nonhierarchical cluster analysis, in which a k -means approach was used, six groups of countries are recognized. Most countries can be found in the cluster of developing countries with low economic costs of violence. So, the results pointed out that, despite the low economic costs of violence, a large number of countries are still struggling with other key environmental challenges that prevent them from achieving their full economic development potential.https://doi.org/10.1177/1847979018771244 |
| spellingShingle | Mirjana Pejić Bach Ksenija Dumičić Božidar Jaković Helena Nikolić Berislav Žmuk Exploring impact of economic cost of violence on internationalization International Journal of Engineering Business Management |
| title | Exploring impact of economic cost of violence on internationalization |
| title_full | Exploring impact of economic cost of violence on internationalization |
| title_fullStr | Exploring impact of economic cost of violence on internationalization |
| title_full_unstemmed | Exploring impact of economic cost of violence on internationalization |
| title_short | Exploring impact of economic cost of violence on internationalization |
| title_sort | exploring impact of economic cost of violence on internationalization |
| url | https://doi.org/10.1177/1847979018771244 |
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