Search results for: fair value in case ifrs 15 in All Content

CROWDSOURCING in the creation of bank company value

CROWDSOURCING w kreowaniu wartości przedsiębiorstwa

Author(s): Iwa Kuchciak / Language(s): Polish / Issue: 271 vol 1/2012

Keywords: company value; crowdsourcing; open innovation

As companies understanding of participatory cultures advances, there is a growing interest among organizations in how best to take charge of the creative, productive capabilities of Internet users for specific purposes. One of the ways of improving companies value seems to be crowdsourcing. Simply defined, crowdsourcing represents the act of a company or institution taking a function once performed by employees and outsourcing it to an undefined (and generally large) network of people in the form of an open call. The aim of the paper is to present crowdsourcing as effective leverage supported by the power of crowds to tackle specific challenges in specified formats and on planned schedules that help improve companies value.

Accounting MTM in bank

Zasady rachunkowości MTM (Mark-to-Market Value Adjustments)

Author(s): Karol Schneider / Language(s): Polish / Issue: 251/2012

Keywords: market valuation; value adjustment; fair value

Mark–to-Market Value Adjustments accounting is the adjusting of book value of an asset or liability (including derivative transactions) to its fair value. The resulting gains or losses are immediately entered either in the profit and loss account or taken to equity (and recognised later in the profit and loss account upon disposition).

The measurement of customer value for a company

Określanie wartości klienta dla przedsiębiorstwa

Author(s): Monika Kotowicz-Śwital / Language(s): Polish / Issue: 46/2008

At present, the most important role in creating value of enterprises is attributed to intangible assets. The customer is one of such intangible assets, a hidden resource that is not subject to formal classification in traditional accounting. That is why the customer, as an asset, has become an object of interest of management accounting. Nowadays, advanced tools of management accounting provide many various indicators thanks to which it is possible to make a precise description and measurement of the customer capital. However, none of these indicators fully reflects the potential of customers a strategic resource of the enterprise. Thus, a synthetic indicator should be used which would satisfy the needs of the company’s monapement.

Value determination as the main objective of accounting

Ustalanie wartości głównym posłaniem rachunkowości

Author(s): Bronisław Micherda / Language(s): Polish / Issue: 53/2009

Globalization process that is currently taking place in world economy is redirecting our accounting system towards the use of world solutions in the area of assets and equity valuation. A characteristic element of these solutions is the fair value method of valuation. It seems that thus defined basis of valuation is an attempt to make accounting valuation more objective and market-based, which makes it more relevant to the needs of financial statements users. However, it creates circumstances which need to be analyzed in order to examine the fair value method of accounting valuation in an objective manner.

Confidence interval for Value at Risk

Wartość zagrożona instrumentu finansowego szacowana przedziałowo

Author(s): Daniel Iskra / Language(s): Polish / Issue: 254/2012

Keywords: Value at Risk; interval forecast; financial risk

Calculating Value at Risk from assumed probability distribution is associated with the estimation of the parameters of this distribution. Estimators of these parameters are random variables. This fact allows us to calculate confidence intervals for Value at Risk. In the article, the author calculated confidence intervals for VaR, in case, where the share’s price is described by Geometric Brownian Motion.

THE CREATIVE USE OF AUTHENTIC DOCUMENTS WITH ARTISTIC VALUE IN FOREIGN LANGUAGE EDUCATION

THE CREATIVE USE OF AUTHENTIC DOCUMENTS WITH ARTISTIC VALUE IN FOREIGN LANGUAGE EDUCATION

Author(s): Elena Odette Tarabuzan,Nicoleta Laura Popa / Language(s): English / Issue: 07+08/2014

Keywords: learning tools and materials, artistic value, foreign languages teaching and learning

Authentic documents have been intensively advocated as effective tools for foreign language education, and enthusiastically embraced by foreign language teachers. The present contribution reviews advantages and limits in using authentic documents in language classrooms, but also advocates for the creative use of such documents which also have artistic value, namely comic strips, photographs and films, audiobooks based on literary texts. A general introduction for each of these authentic documents is provided, as well as some didactical suggestions which may support language teachers in their attempts to create stimulating learning activities.

The Essence of Capital and Brand Value

Istota kapitału i wartości marki

Author(s): Irena Wasilewska / Language(s): Polish / Issue: 27/2011

This article is the introduction to the research project on a set of 130 companies exploring how the brand equity contributes to gain and maintain competitive advantage and business value creation. The study groupwill cover 130 domestic companies listed on the WSE in the period of 2002–2006. During this period the Polish companies in a favorable macroeconomic environment. The question is whether they were able to take advantage of favorable economic conditions to generate/increase the value of the company and which ones and how they used the brand equity of the company’s value creation. Competing consists of a lot of Darwinism. In the maze of perception and subjective value judgments, subject of the transaction role of the brand is essential and what is more, you can hypothesize that it is generic, independent of time and the market sector in which the firm operates. The brand has the ability to generate future income: differentiates, reduces risk and complexity, compensates for pressure on prices and offering added value, reduces pricing flexibility. Mark provides the increase in sales and provides improvement of operating cash flows. With these abilities it can be regarded as a determinant of corporate value and it can be regarded as one of the strategic business activity giving rise to its value. Reflections on the essence of the brand equity and its value begins with an explanation of the subjective nature of the value. Than the article describes the role of the brand in creating the value. Detailed concepts of Kampfer and Upshaw brand and the concept of brand equity by David Aaker explain the source of its value. It is the case of the so-called brand equity, defining it as a set of assets and liabilities associated with the brand, and brand value, a valuation of brand equity. The base of the brand equity is the prospect of making a profit in subsequent periods as a result of investments in individual assets and make the appropriate actions in earlier periods. The article presents the various techniques for estimating the value of brand equity. It should be noted that among the many methods of estimating the value of brand equity the most appropriatemethod seems to be taking into account the impact of the brand to generate future cash flows. In this regard, the DCF methods should be mentioned, and especially economic gains market value (taking into account the theoretical model of brand valuation to the market value by C.J. Simon and M.W. Sullivan, 1993).

Self-promotion as News Value

Self-promotion ako spravodajská hodnota

Author(s): Imrich Jenča / Language(s): Slovak / Issue: 3-4/2011

Keywords: news value; program teaser; agenda setting

The issue of journalistic value of events occupied several media theorists. Most of them agree that primary factors of journalistic interest include the moment of surprise, uniqueness, conflict, proximity and concern. However, under the pressure of media competition, in TV news programs self-promotion occurs increasingly as of journalistic value. Self-promotion means using a pseudo-event from the internal environment in order to raise the interest of the audience in activities of the broadcaster and thus to increase his value in the competitive environment.

Value-Added Services offered in luxury restaurants and their implication for customer satisfaction

Value-Added Services offered in luxury restaurants and their implication for customer satisfaction

Author(s): Dorel Marius Pop,Mihai Florin Băcilă,Raluca Ciornea,Alexandra Maria Drule (Ţîrcă) / Language(s): English / Issue: 3/2010

Keywords: luxury restaurants; value-added services; customer satisfaction; services in luxury restaurants; added value

Although in the beginning the luxury sector seemed to resist the global economic crisis’s impact, the depression has finally affected it. Analysts affirm that the luxury sector never has been in a similar situation, this why has became more interesting to study the luxury consumer behavior within the current economical context, same as the luxury producers’ approach. The purpose of this paper is to examine an element which may play in this period an essential part of competitive advantage in the luxury restaurants’ domain, but not only: the value-added services. Having as starting point the affluents’ characteristics and continuing with a documentary research, we managed to identify some differences between the value-added services offered by the luxury restaurants ‘offers and those offered by the regular restaurants, same as their implications for the customer loyalty and retention

Additional value-added to consumers of cultural/artistic services in Cluj Napoca

Additional value-added to consumers of cultural/artistic services in Cluj Napoca

Author(s): Robert Pleşa / Language(s): English / Issue: 3/2010

This paper tries to present the most important additional services provided by art institutions in Cluj, comparing them with those in Western countries. My research that helped me to come to the conclusions presented was mostly a documentary one. Among those services analysed are wardrobe, buffet, simultaneous translation, websites, programs to attract more spectators, book launch ect. Study of consumer behaviour has become a concern of specialists in marketing, as we learn how buyers choose their goods and services necessary to meet multiple needs, we must concentrate on the factors affecting their choice. That is why this aria of research must be considered very important if a cultural institution wants to be successful.Also I tried to offer solutions based on my research that can improve the quality of these added values and also be helpful in the relation between the general public and the management of these institutions. This can ultimately lead to a more efficient planning and marketing strategies in the future regarding other services that can be considered as value – added to the main service, concerts, plays ect., which nowadays are not enough to draw mass crowds to cultural happenings

Measuring Luxury Value Perception: additions to the model of Wiedmann et al. (2007)

Measuring Luxury Value Perception: additions to the model of Wiedmann et al. (2007)

Author(s): Dorel Marius Pop,Mihai Florin Băcilă,Raluca Ciornea,Alexandra Maria Drule (Ţîrcă) / Language(s): English / Issue: 4/2011

Looking at previous research concerning luxury dimensions and especially at two of the most representative studies, of Dubois et al. (2001) and Vigneron & Johnson (2004), we have observed that can we make some additions the most complex measurement model of consumer‘s luxury value perceptions, proposed few years ago by Wiedmann et al. By following, the main purpose of this study is to analyze the existing luxury perception scales and to identify basing on literature review, the most relevant luxury values that can be attached to the previous mention model. In addition, we decided to extend the conceptualization of the antecedent constructs of Wiedmann et al. (2007), as we consider that a correct implementation of the model implies a comprehensive approach of the dimensions. Considering that the luxury domain is changing and with it increases the ambiguity and the confusion, becomes more and more important to understand why consumers buy. The model offers answers to this old question raised by marketing academics in the luxury field, but also can be used by marketing practitioners to set the basis of their marketing strategies.

An Analysis of Landmark Impact Factors on High-Rise Residential Buildings Value Assessment

An Analysis of Landmark Impact Factors on High-Rise Residential Buildings Value Assessment

Author(s): Ju-Hyung Kim,Kyung-Min Min,Joo-Sung Lee,Jae-Jun Kim,Sung-Kon Moon,Sang-Hyo Lee / Language(s): English / Issue: 2/2010

Keywords: Hedonic pricing model; Super high rise building; Landmark factor; Standard of value; Value assessment

Due to the improvement of high technology and the excessive congestion of cities, the number of high rise buildings has been increasing gradually. Also the number of studies about this issue has been rising relatively. However the previous research on super high rise buildings focused mostly on the use of public space from building plan perspective, survey 'of residents’ satisfaction evaluation, construction technology and structural technology. Little research is done on the economic analysis of landmark factors. The purpose of this study is to find landmark factors that can be quantitatively measured, collect data on super high rise residential buildings in Seoul. Find the intrinsic values of the landmarks, and analyze how these values differ in areas with different densities, i.e. in Gangnam-area and Yeongdeungpo-gu and in other areas. It is expected that the results of this study can be used to set an appropriate price of super high rise building in consideration of its landmark value in different area.

Value drivers in hotel companies

Generatory wartości w przedsiębiorstwach hotelowych

Author(s): Dawid Szutowski / Language(s): Polish / Issue: 303/2013

Keywords: value; value drivers; VBM concept; hotel enterprise

Issues concerning management process directed into value creation are slightly recognized in the field of hotel companies. In the paper the author presents the results of study on value generation by those companies in which a listed capital group – Orbis was used to exemplify. Case study method was chosen. The objective of the paper is to determine the possibility of using FGW in managing a hotel enterprise. The basis of the reasoning is an economic value added in a refined version (REVA) and Rappaport’s [1999] value drivers (FGW). The relation between those two variables have been examined and correlation coefficient has been calculated. The results show that the possibility of using FGW in hotel companies directed into value creation is limited.

THE INFLUENCE OF THE MACROECONMIC SITUATION IN THE VALUE OF THE SYTEMATIC CREDIT RISK IN ALBANIA. AN STATISTICAL ANALYSIS

THE INFLUENCE OF THE MACROECONMIC SITUATION IN THE VALUE OF THE SYTEMATIC CREDIT RISK IN ALBANIA. AN STATISTICAL ANALYSIS

Author(s): Mancka Anila / Language(s): English / Issue: 16/2011

Keywords: financial crisis; modern portfolio theory; macroeconomic factors; credit risk factors; Albania banking system

The study presents the results of a statistical analysis of the macroeconomic impact in the credit risk in Albania. The purpose of the analysis is the determination of macroeconomic factors that had a significant impact on systematic credit risk in Albania. The analysis resulted that the depreciation of the currency in relation to the euro led to a worsening of financial situation of borrowers who have a loan in Euros, increasing the possibility of default loans. The world financial crisis has adversely affected our banking system, reducing the loans offered and worsening macroeconomic indicators. High inflation and GDP change also had a significant impact on the deterioration of the quality of the banking portfolio. By statistical analysis resulted in the period taken into account, the credit risk in Albania is not influenced by interest rates, export-imports, the unemployment rate and the exchange rate of the dollar.

The Learning Value of the Job as a Driver of Employee Commitment and Job Satisfaction in Public Organisations

The Learning Value of the Job as a Driver of Employee Commitment and Job Satisfaction in Public Organisations

Author(s): Izabela Marzec,Aldona Frączkiewicz-Wronka,Janusz Strużyna / Language(s): / Issue: 09/2014

Keywords: learning value of the job; organisational commitment; public organisations; job satisfaction

The transformation of Poland’s public organisations poses new challenges for their employees. Growing social expectations regarding the quality of social services increase the importance of employees’ development and commitment. This requires that special attention be paid to the learning value of the job, which not only enhances employees’ commitment to the organisation but also positively influences their development and job satisfaction. This paper attempts to answer the question: what is the extent of the learning value of jobs in organisations in the public sector and is the learning value of the job connected with organisational commitment of employees and their job satisfaction? Empirical research is used in service to answering these questions.

Business value in R&D projects

Wartość biznesowa w projektach badawczo-rozwojowych

Author(s): Dawid Jasiński / Language(s): Polish / Issue: 29/2016

Keywords: business value; R&D project; project management

The subject matter of the study concerns the business value orientation in R&D project management. The article discusses the definition of business value, its role and significance in project management. Moreover, the paper includes research results conducted in one of the worldwide automotive companies being a leader in its industry on the European market. Its significant part of business activities belongs to R&D projects realization. The presented paper has the theoretical-empirical character. The main theoretical objective of the article is an attempt to answer the question: Why do companies try to create business value for clients in R&D project? To achieve it the critical analysis of literature was used. The empirical objective realized with the use of structured interview questionnaire and contet analysis of the source documents, concerns the search for an answer to the question: Why aims of companies’ striving to create business value for a client are sometimes contradictory to their actions?

In Serach of the “personal Goodwill” Value

W poszukiwaniu wartości „Personal Goodwill”

Author(s): Marcin Pęksyk / Language(s): Polish / Issue: 89 (2)/2017

Keywords: valuation; intangibles; Personal Goodwill

Purpose – The following paper addresses the fundamental challenge of how to choose the best practice rules for identification and valuation of Personal Goodwill. Topic itself seems to be of relevance for international community of valuers since the number of research and discussion papers grows rapidly. Domestically on the other hand subject is practically not covered. Design/methodology/approach – This is a research paper built around literature review. The main aim is to collect and analyse models in use for identification and valuation of Personal Goodwill in context of business divorce and marital dissolution. The secondary aim is the evaluation of investigated models under the criteria of usefulness in domestic environment. Findings – Appropriate identification and estimation of the Enterprise Goodwill and Personal Goodwill are an important part of the valuation process for small equity companies, partnerships, and professional practice businesses. Both the academic world and practitioners agree that working out the correct and widely accepted approach to the problem of estimating the above categories will also allow for the development of acceptable solutions in the property allocation either in the context of so called corporate divorce or marital dissolution. However, no consensus has yet been achieved. Originality/value – This paper aims to present a comprehensive review of the tools available and the proposed solutions for identifying and evaluating Enterprise Goodwill and Personal Goodwill.

Change in Education as an Instrumental Value

Zmiana w edukacji jako wartość instrumentalna

Author(s): Jarosław Gara / Language(s): Polish / Issue: 41/2018

Keywords: pedagogical theory; pedagogical thought; phenomenological analysis; existential analysis; change in education; value of education;

RESEARCH OBJECTIVE: The present publication focuses on the issue of change in education and aims to present a systematic discussion of criteria for its analysis from the point of view of value of the education itself. THE RESEARCH PROBLEM AND METHODS: The paper discusses, with an in abstracto approach, the multi-faceted and multidimensional nature of the problem of change in education. The author focuses here on the methods of phenomenological analysis and existential analysis as modes of articulating pedagogical thought. THE PROCESS OF ARGUMENTATION: Differentiating between the issue of value of change in education and the problem of value of the education itself is the basic foundation for formulating the criteria for discussing change in education. This step allows to define the desired elements and characteristics of such change which allow to conclude that a given change is pro-educational (positive). RESEARCH RESULTS: Clarification of the criteria for analysing change allows to identify the dimensions which are crucial both for determining the constructive effects of change in education, as well as for confirming the autotelian value of education. CONCLUSIONS, INNOVATIONS, AND RECOMMENDATIONS: Change in education as an instrumental value should guarantee achievement of the inter-subjectively obvious common good in the field of educational praxis. The criteria formulated in the paper make up a set of tools useful for a multi-faceted and multidimensional analysis of the planned and implemented changes in education.

Educational Value of Students’ Self-assessment

Studentų įsivertinimo edukacinė vertė

Author(s): Asta Vaičiūnienė,Palmira Jucevičienė / Language(s): Lithuanian / Issue: 3/2021

Keywords: Self-assessment; Educational value; Students’ self-assessment; University;

The article aims to reveal the essence and purposefulness of the educational value of students’ self-assessment in the context of its various perceptions. The essence and application of self-assessment, educational value and its various perceptions, the problematic nature of the evaluation of the study programme and university by the student as a client and its influence on the educational value have been revealed; the possibilities of objectivity of students’ self-assessment and the reasons for subjectivity have been justified. A semi-systematic scientific literature analysis defined self-assessment as a cyclical process of improving learning. The educational value of selfassessment was defined by the understanding the student acquires as: a) future professional – by improving qualification; b) member of the academic community – by strengthening socialization; c) free personality – by a conscious choice to nurture the university values. The student’s selfassessment creates educational value not only for the student but also for the teacher, study programme, and university. The marketization of higher education may facilitate the greater subjectivity of students’ self-assessment and the decrease of its possible educational value. The educational value of self-assessment is ensured by studying in an environment empowering targeted and successful learning. It is highly probable that such an educational value of selfassessment can be achieved in an ecological university.

The Visual Significance of Money: the Value of the Immaterial

Regimybinė pinigų reikšmė: nematerialumo vertė

Author(s): Kseniya Shtalenkova / Language(s): Lithuanian / Issue: 111/2022

Keywords: currency design; dematerialization; money; value; visual;

The aim of this paper is to investigate the visual significance of money in the context of dematerialization when money loses its material form and becomes invisible. In this vein, currency design helps to assess the meaning of the visual, important for exchange on the symbolic level. It is crucial to divide exactly the visual as representations implied in visual narratives of currency design, and the visible as physical features of money issued during certain historical periods. Paradoxically, while the visible embodies the abstract idea of money circulating in the material world, the visual promotes ideologized images of reality, substituting reality itself. And once money becomes immaterial, the economic value becomes a pure social convention, but the value of possessing money gains phantasmatic features grounded in digitized visual imagery like, for instance, NFT artworks, while material money transcends its economic functionality and gains the value of the cultural artifact.