Ćutanje o bitnom
Drakulic's case is a good provocation for asking once again why is still unanswered the question: who is actualy controling money flow...
More...We kindly inform you that, as long as the subject affiliation of our 300.000+ articles is in progress, you might get unsufficient or no results on your third level or second level search. In this case, please broaden your search criteria.
Drakulic's case is a good provocation for asking once again why is still unanswered the question: who is actualy controling money flow...
More...
While "controversial businessmen" are braging about, everybody is silent when it comes to punishing of workers-shareholders...
More...
The article highlights the basic theoretical principles for firm financing with trade credit and the results of empirical research by the method of multiple regression analysis of factors, influencing the level of trade indebtedness of Bulgarian non-financial enterprises. Models are constructed that have been tested for two consecutive years, separately for SME and for big enterprises that allow incorporation in the analysis of the distinctions between them, including the access to institutional financing, the quality of management etc. Some of the main conclusions of the investigation are that trade credit is a substitute for institutional financing and that firms take trade credits from other firms to finance their own trade receivables and to hedge the risk. Together with the risky management of the financial structure of SME this is a prerequisite for generation of chains of arrears. Possibilities for reduction of the interfirm indebtedness and regulation of its size in the future are also formulated.
More...
The study discusses issues related to the emergence and development of marketing, the stages, approaches and paradigms used for marketing activities in the U.S. and Europe. Particular attention is paid to some new marketing theories, developed in European countries as alternatives to marketing-management.
More...
The article presents the structure of the system of co-activity and the specific co-actors involved in the overall result achieved by an organization. Overall responsibility and co-active environment are also reviewed. The basic conclusion drawn is that our present success or failure is largely determined in our past. Our behaviour at present, therefore, underlies our future past.
More...
REFERENCE to: Yanica Dimitrova. Corporate Culture as a Competitive Advantage. Sofia: Prof.Marin Drinov Academic Publishing House, 2012, 245 p.
More...
The article highlights the basic theoretical principles for firm financing with trade credit and the results of empirical research by the method of multiple regression analysis of factors, influencing the level of trade indebtedness of Bulgarian non-financial enterprises. Models are constructed that have been tested for two consecutive years, separately for SME and for big enterprises that allow incorporation in the analysis of the distinctions between them, including the access to institutional financing, the quality of management etc. Some of the main conclusions of the investigation are that trade credit is a substitute for institutional financing and that firms take trade credits from other firms to finance their own trade receivables and to hedge the risk. Together with the risky management of the financial structure of SME this is a prerequisite for generation of chains of arrears. Possibilities for reduction of the interfirm indebtedness and regulation of its size in the future are also formulated.
More...
SCIENTIFIC LIFE: The Economic Research Institute at the Bulgarian Academy of Sciences (BAS) organized an international conference entitled “The Post-Crisis Economic Development of the European Union and Bulgaria (held in Sofia between 18th and 19th October 2012). The conference was attended by scholars and experts from Hungary, Albania, and FYR of Macedonia, as well as by a large number of colleagues from over 30 universities, higher schools, and institutes from Bulgaria, from ministries, scientific and manufacturing organizations, from companies, from the media, etc.
More...
SCIENTIFIC LIFE: The Economic Research Institute at the Bulgarian Academy of Sciences (BAS) organized an international conference entitled “The Post-Crisis Economic Development of the European Union and Bulgaria (held in Sofia between 18th and 19th October 2012). The conference was attended by scholars and experts from Hungary, Albania, and FYR of Macedonia, as well as by a large number of colleagues from over 30 universities, higher schools, and institutes from Bulgaria, from ministries, scientific and manufacturing organizations, from companies, from the media, etc.
More...
REFERENCE to: Yanica Dimitrova. Corporate Culture as a Competitive Advantage. Sofia: Prof.Marin Drinov Academic Publishing House, 2012, 245 p.
More...
The article studies an alternative model of thinking, relevant to the main trend of the general economic theory. It is elaborated in details in economics. The author defends his thesis, that another approach is required, the so-called "Organic Entity Approach", consisting of: 1) a philosophic standpoint, based on the triunity of nature, man and society, considered as totals with a systematic – dialectical approach to the triunity; 2) pluralism in the methodology.
More...
The article presents the structure of the system of co-activity and the specific co-actors involved in the overall result achieved by an organization. Overall responsibility and co-active environment are also reviewed. The basic conclusion drawn is that our present success or failure is largely determined in our past. Our behaviour at present, therefore, underlies our future past.
More...
The paper is based on building up a Matrix of concurrence – a specially devised in-strument using in details the OECD Principles, White book and the two ROSCs for Cor¬po¬rate Governance in Bulgaria. It gives an opportunity to evaluate the degree of concur¬rence of Bulgarian code to the international standards and to make some suggestions. The overall results show a high level of concurrence. Regardless of some differences the Bulgarian code covers well, the basic set of standards and practices typical for the modern CG. A number of detailed comments and recommendations resulting from the Matrix provide ground for a discussion targeted on improvement of the Code. The other set of issues addressed in the paper consist of the methodology for assessment and the process of application of the Code. It is based on the scorecards filled up by a small sample of firms and show the widest and the narrowest applied CG practices and provide chance to compare them by sectors of application. The general conclusion is, that the best practices, both with mandatory and prescribing character, launched in Bulgarian CGC are widely applied. There are a lot of practices with excellent application as well as some with yet difficult endor¬sement. Although, the latter do not challenge the overall performance of the code and rather show the process in development.
More...
This paper investigates the link between government size and growth in the long run for an unbalanced panel of seven ASEAN-3 countries (N=7) with annual data for the period 1980-2012 (T=33).The relation between government expenditure and economic growth has been extensively investigated by the use of different models. The model used is the pooled mean group, mean group and dynamic fixed effect model. By examining both short run and long run effects, the empirical results demonstrate a positively significant influence of government expenditure on economic growth on the long run. Furthermore, average error-correcting speed is approximately 0.04% per annum, which shows that a country converges to the common steady-state income path extremely slow.
More...
The essence of the notion and process of communication has been disclosed and its most optimal types have been shown. The crucial role of horizontal communication in effective management aimed at close cooperation of manager with staff has been substantiated. On the basis of the results of a representative sociological survey among managers of the Western region of Ukraine conclusion has been made that almost 53% of them prefer language (verbal) communication. The results of survey have been checked with application of statistical methods: factor as well as correlation and regression analyses. The constructed statistical model has shown the most effective influence of the following ways of communication on the effectiveness of manager’s interaction with staff: business language (written) communication, oral communication, telephone talks. There has been determined the most widespread way of business communication – face-to-face talk. There have been schematically depicted situations in which interlocutors cannot reach any understanding; there have been outlined possible reasons and barriers on the way to appearance of such situations. On the other hand, there have been suggested ways of achieving complete understanding between the communicants. As a supplement, there has been provided a standard communication model elaborated on the basis of the results of work of the author of information theory and coding theory C. Shannon. Attention has been paid to the peculiarities and advantages of unilateral and bilateral communication and there has been stressed crucial importance of conciseness and accuracy of information sending and obtaining. Finally, conclusions have been made that communicative process at the company must be based on unified rules, and employees must be completely informed about the development strategy, problems and changes in the organization and obtaining of backward messages from them by the manager.
More...
An attempt is made to outline the role and importance of exchange rate regimes on the way to the Euro. The differences between the concepts “currency regime” and “exchange rate regime” are clarified. The types of currency regimes and exchange rate regimes are systematized. The relationships of exchange rate regime with macroeconomic tools and the Balance of Payments are analyzed. The specificity of choosing an exchange rate regime is revealed. The impact of exchange rate regimes on the economies of the new member states is highlighted. The Bulgarian currency board arrangement is reviewed in the context of the future membership of Bulgaria in the Euro area.
More...
The study suggests approaches to developing the strategic frame of the government policy towards persons with disabilities, which would allow successful execution of the country’s engagements from the Convention of the rights of persons with disabilities. Its main tasks are analytical review of the range and mechanisms of implementing the compensating policies in social support and providing tax concessions for persons with disabilities; evaluation of the existing strategic frame and approach for developing the government policy for persons with disabilities; arguments for variant approaches for strategic planning of the state policy for persons with disabilities.
More...
Credit/GDP ratio is used to construct stylized credit cycles at global and regional levels over 1980–2010. The analysis encompasses 94 countries in 7 regions and is based on vector auto-regression (VAR) methodology. It is found that the average duration of the regional credit cycles is between 12 and 15 years and there is “a ceiling” and “a floor” curbing the amplitude of these cycles. They are also largely interconnected, with the US credit cycle playing a pivotal role for the rest of the regions and being insulated from any external influence meanwhile. The relationship between credit cycles and the intensity of banking crises is also discussed. It appears that fewer banking crises occur in the regions exerting predominant influence over their counterparts and having a higher number of total connections.
More...
The corporate governance (CG) system in Japan at the start of the XXI century is analyzed in the study along the following lines: changes in the corporate ownership structure – the dissolution of stable and cross ownership; changes in the composition and structure of corporate boards; the effects of the introduction of incentive schemes for directors; development of the market for corporate control – mergers and acquisitions (M&A); relationship between transparency (information disclosure) and CG models. Based on this analysis, recent trends in Japanese CG have been identified, namely – declining role of the banks in the ownership, monitoring and control of Japanese corporations; enhancing the interests of shareholders; significant intensification of M&A activities; rewinding of cross ownership in the second half of last decade; diversification of the CG mechanisms applied by firms and their groupings. In conclusion, some guidelines for the development of CG in Bulgaria have been suggested.
More...
As a proven factor of growth and prosperity, entrepreneurship is irreplaceable in economies at different levels and degrees of development. The hallmark of entrepreneurship is doing business in conditions of rapid change, uncertainty and risk, which requires new approaches to business, new business orientations and new strategies. In these conditions the best results are achieved if entrepreneurs and businesses foster entrepreneurial management. Developed economies at the beginning of this century entered into a phase of constant changes. From the century of information technology they entered into a century of knowledge, and the global knowledge-based economy as the leading and irreplaceable factor of development. Developing countries and developed economies are now in a continuous transition period. Entrepreneurship is a factor that can significantly accelerate growth and mitigate the effects of changes in economic structures through self-employment and job creation. Being an engine of development, entrepreneurship is interesting for all economies undergoing transition processes. Entrepreneurship is a feature of both developed and market economies, and it achieves the best results in such a business climate and environment. However, entrepreneurship reaches its full reaffirmation in countries returning to an open market eco nomy.
More...