Around the Bloc: Czech Billionaire Snaps Up Bulgaria’s Biggest Broadcaster
Acquisition confirms trend of Western owners exiting the politically charged media environment of southeastern Europe.
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Acquisition confirms trend of Western owners exiting the politically charged media environment of southeastern Europe.
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The paper is a preliminary study of the concept of ethical packaging. Its main aim is to define the term “ethical packaging” and systemise a magnitude of the ethical issues surrounding packaging. A review of the literature on ethics and packaging enable the definition of such terms as business ethics, corporate ethics, Corporate Social Responsibility, Triple Bottom Line, ethical consumption, ethical eating, and sustainable packaging and provide the background for the discussion. To broaden the understanding of ethical packaging, a survey among 71 students from Maria Curie-Skłodowska University in Lublin, Poland, was conducted in 2016. The results of the survey contribute to the analysis of consumers’ perception of ethical packaging.
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In December 2013, the International Integrated Reporting Council (IIRC) published the International Integrated Reporting Framework. The aim of the Framework is to provide the guiding principles and the content elements of an integrated report. The integrated report constitutes an evolutionary step in the corporate’s financial and non-financial communication, moving from the social responsibility reporting to the integrated reporting. This practice is at the beginning in Europe and especially in Italy, where only a few listed companies have decided to face the multitude of challenges the integrated report implies. Considering the relevance of such a new form of communication, the paper examines the main steps carried out by an Italian listed company moving towards the integrated report. The research has been conducted by adopting a qualitative case study approach, by focusing on Sabaf S.p.a, an Italian listed medium sized company belonging to the Star Segment. This company has been selected, because it was one of the first adopters of the integrated report among the Italian listed companies. The study is built on data gathered through sites visits, structured interviews and company materials. The paper examines Sabaf’s transition from the corporate social responsibility report to the integrated report, aiming at answering the following research question: Why has Sabaf moved to integrated reporting? Which are Sabaf’s main steps towars the integrated report? How is the Sabaf’s integrated reporting process going? The findings should be of interest to a number of parties including standard setters, firms, financial advisors, auditors and users of non-financial statements.
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Independent audit assurance of sustainability reporting is the basis for increasing the credibility of the stakeholders, its transparency and reliability; it is a means of implementing legal liability of the company and the evidence of achievement of its legitimacy to the public. The bases for providing such assurance are the standards of implementation of audit tasks in the sphere of sustainable development. Comparative analysis of international practice as for assurance regarding the SR with local realities, based on the reporting database of Ukrainian GRI companies for the 2005-2014 years, witnessed the initial phase of such practices among Ukrainian companies, and the need to strengthen regulatory efforts to determine the legal status of SR auditing standards in Ukraine, ensuring a legal environment and the development of corporate social responsibility initiatives.
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Threatened with legal action -- and promised a pay rise -- ArcelorMittal workers end the country’s longest strike in years.
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A secret court order details the brokers and companies which allegedly schemed to sell bonds on behalf of the former Ukrainian leader.
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Social responsibility and socially responsible business have become more important lately. Developed countries with special regulations require their companies to be socially responsibility in their businesses. Social responsibility and ethical business are also characters of the Islamic economy and finance. The aim of this paper is to analyze corporate social responsibility in the context of the principles of Islamic economy and finance. Research findings have shown that the principles of Islamic economy and finance are compatible with conventional principles of social responsibility. In addition, they include additional ethical principles that should result in the moral economic development of the society. Finally, our findings reveal the need for a wider social community to get to know more on corporate social responsibility and that it is important to promote the principles of social responsibility as an integral part of the basic business principles of each entrepreneurial activity.
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The saga of the miner’s troubled Oyu Tolgoi operation takes another twist.
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Twin banking scandals are adding to the country’s reputation as a hub for dodgy banks.
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The article devoted to the up-to-day processes of inquiring for universal value bases of global ethic and business ethic specific. Particularities of traditional East and West ethics are revealing and those differences of entrepreneurial ethics that are the nature of capitalisms’ "spirit". Systematization of values foundations in different projects of global ethics, establishing the possibility and necessity of making active the ethical regulation in the sphere of business.
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Government proposal to legalize the trade would give cryptocurrencies a major boost.
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Research of Corporate Social Responsibility (CSR) in small and medium enterprises (SME) is a growing area of interest. The object of this study is to evaluate the impact of certain CSR practices put in place by a sample of 95 SME in the competitiveness of these companies. The study was developed in close cooperation with the Chamber of Commerce of Madrid, using questionnaires and PLS structural equation model as the analysis tool. The results point out that both management related CSR practices and HHRR related CSR practices has a positive effect on the competitiveness of the companies, reflected in the company's ability to attract and retain talent and on the company's customer orientation. The article provides some practical indications for managers, such as developing a set of rules of conduct and behavior for employees and partners, and procedures by which questionable practices for obtaining commercial advantages are banned.
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Jokes can be serious business here, as an incident involving a television anchor, Orthodox zealots, and the country’s richest person reveals.
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The aim of the article is to assess the perception of IFAC's Code of Ethics for Professional Accountants and its role, as well as changes in this perception depending on the level of professional experience. The authors expect that the Code is perceived as a tool that positively affects the ethical attitude of account-ants and their professional duties. The authors expect that along with increasing level of professional experience the importance of the Code increases. A total of 301 respondents participated in the study: 74 members of the Cracow branch of the Association of Accountants in Poland (SKwP) and 227 students of the Cracow University of Economics. It was found that professional experience of the respondents strongly influenced the perception of the Code and its usefulness. Students declare the importance of the Code but their contact with this document is scarce. The lack of professional experience results in inability to assess its usefulness. Practitioners state that generally they apply the Code, but the prevailing belief is that the level of knowledge of the Code among professionals is low. They are polarized over the usefulness of the Code in the financial reporting. Negative opinions dominate among respondents with intermediate level of professional experience.
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Ethics is commonly defined as a moral code that rule or influence people’s behaviors, also as customers. Therefore, the purpose of this article is to explore consumer ethics and cultural dimensions in relationship to consumer attitudes toward software downloading. Specifically, the study assesses a sample of Romanian professionals in terms of their own standing on the Hofstede model dimensions (collectivism, masculinity, power distance, and uncertainty avoidance) relative to select consumer ethics dimensions, and it addresses the respondents’ personal attitudes toward unauthorized downloading of copyrighted material. The target respondents were approached repeatedly through social networking, like Facebook, with 49 respondents agreeing to complete the questionnaire. Obtained results show that Romanian consumers are likely to be more individualistic and as such, they see unethical behavior as more acceptable. Such behavior can be found as typical for many post-communist countries, where economy and society undergo profound and long-term changes and citizens often pay no attention to the issue of moral principles.
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It is commonly claimed that a generally accepted code of business ethics is essential to further globalization of markets. However, the example of China, despite the profound structural changes and adjusted reforms for WTO, points to the diverse approaches to this issue. The still dominant Confucian philosophy, comprehension of the surrounding world reality based on Taoist values and the ubiquitous use of the Sun Tzu strategies often stay in contrast to the ethical rules of Judo-Christian civilization. The purpose of this paper is to increase understanding of different perceptions of deep-rooted culture and social categories in the Chinese market environment, its ethical implications and the impact on the development of marketing relationships with foreign partners. The source of information is extensive literature review, interviews with Polish managers operating in this market and many years of direct observations from the author.
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In today's knowledge-based economy, assets creating value in the business are mostly intangible assets. This fact has also affected the organizational performance evaluation and its management. Therefore, unlike traditional methods, businesses have started to use evaluation methods which are multidimensional and compatible with strategy. The most important of these methods is Balanced Scorecard. Balanced Scorecard evaluates the performance by considering into account its financial perspective, customer perspective, internal processes perspective and learning-growth perspective. That’s why a survey was conducted, in Kayseri manufacturing industry, on the top 50 enterprises which have maximum employment capacity. The effect of intra-organizational factors such as organizational culture, innovation performance and the effectiveness of accounting information system on business performance was tried to be measured under the parameters of balanced scorecard. According to the findings, the most effective variable on the balanced scorecard is the organizational culture. Innovation performance and effectiveness of the accounting information system also have a positive effect on the balanced scorecard.
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Corporate social responsibility (CSR) is a voluntary strategy taking into account ethical, social and environmental aspects of economic activity. Cooperation and dialogue between the banking sector and entrepreneurs, creates opportunities for effective action and hence creates job opportunity in the region. One of the social roles of the bank will be to help other businesses to achieve their business ventures. Bank, which carries out its mission should have a commitment to society and make a harmonious development of the region's economy. Banks which are socially responsible will always contributes sufficient help to implement economic development policies.
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The aim of the article is to present the ethical problems which appear in the process of marketing research, taking into a special account the point of view of the company which realizes the research. In the article the secondary sources of information have been applied as well as the results of the primary research realized under the scientific guidance of the author of the article.
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To succeed in the marketplace, companies must adopt competitive strategies. Economic, as well as ethical aspects of competitive strategies, are of great importance. A lack of healthy competition leads to difficult problems in economic life, especially in the banking sector. The most irresponsible competitive strategies have the potential to make the highest return. However, risky financial decisions usually resulted in banking crises. They were frequently resolved through bailouts at the taxpayer’s expense and contributed to moral hazard
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