EFFECTS OF STAY ABROAD EXPERIENCES ON GLOBAL BUSINESS LITERACY: A CASE OF CZECH AND SLOVAK UNIVERSITY STUDENTS.

Global business literacy is generally considered one of the key competencies important for functioning in today's interconnected global business world. Despite some studies investigating its determinants carried out worldwide, findings related to Central Europe are rather scarce. The aim of this paper is to identify the effects especially of stay abroad experiences, but also other related factors on cultivation of global business literacy of university students. For this purpose, a total of 255 business students from the Czech Republic and Slovakia filled out the online questionnaire. The results of correlation and regression analysis showed that the most important factor for cultivating global business literacy is the completion of a course related to international business, followed by the intensity of interactions with foreigners. The stay abroad experiences significantly positively affect only the self-efficacy dimension of global business literacy. Overall, it appears that global business literacy can be well developed also through internalization activities at home. [ABSTRACT FROM AUTHOR]