Changes in industrial structure of GDP and stock indices also with regard to industry 4.0
Journal Title: Business and Economic Horizons - Year 2018, Vol 14, Issue 2
Abstract
The second half of the 20th century brought breakthroughs in the field of science and technology, which significantly affected not only the growth of labour productivity and economic growth, but also brought changes in industrial structures and changes in share of individual industries in GDP. Even more strikingly, these changes have been reflected in the stock market, with leading companies from the field of information technology, which affect the flow and processing of information in revolutionary way. The onset of so-called internet economy at the beginning of the 1990s significantly changes also the structure of stock indices. Business services lure investors particularly into the area of financial services, which also show high degree of appreciation of the investment. New phenomenon nowadays is and expected changes in industrial structures not only in GDP, but also in the structure of stock markets will be brought by new phase of industrial revolution Industry 4.0. The aim of this paper is to quantify and analyse the current state and position of individual industries in the structure of GDP and stock indices and to outline new tendencies and to predict changes in these indicators with regards to the realization of 4th phase of industrial revolution.
Authors and Affiliations
Bozena Chovancova, Michaela Dorocakova, Viera Malacka
Keywords
Related Articles
- EP ID EP445140
- DOI 10.15208/beh.2018.29
- Views 83
- Downloads 0
Corporate governance reform and risk management disclosures: evidence from Nigeria
The purpose of this study is to examine the disclosure intensity of risk management practices of listed financial service firms in Nigeria after the Corporate Governance (CG) reform in the year 2011. In the quest to achi...
Does foreign ownership impact accounting conservatism adoption in Vietnam
This study investigates the effects of foreign ownership on accounting conservatism adoption in Vietnam. Although foreign ownership is found to have a positive relationship with accounting conservatism in Korea (An, 2015...
Are catastrophe bonds effective financial instruments in the transport and infrastructure industries? Evidence from international financial markets
We analyse the effectiveness of catastrophe bonds for the financial management of catastrophic risk in the transport and infrastructure industries. We illustrate how these financial instruments are becoming a valuable to...
The effect of internal control on asset misappropriation: The case of Vietnam
Asset misappropriation is a kind of fraud that may cause severe damages to the businesses. The internal control system is expected to provide a reasonable assurance for the management of the businesses in preventing and...
Moderating effect of competitive strategies on the relation between financial leverage and firm performance: evidence from Jordan
This study examined the moderating role of competitive strategy in the relationship between financial leverage and performance of firms based on a sample of industrial firms in Jordan between 2007 and 2016. The interacti...