(Prior)knowledge of accounting as a comparative advantage when selecting accounting service providers

Author(s): Blaženka Hadrovic Zekic,Dina Liovic,Ivana Dražic Lutilsky / Language(s): English / Issue: 1/2018

Regardless of the type and size of a company, a prerequisite for successful business operation, which involves complex activities, is having various skills and competencies, knowledge and resources. Engaging in entrepreneurship requires a combination of legal knowledge and knowledge in areas such as management, economics, psychology, art and many others. Knowledge in the field of economics inevitably includes accounting knowledge, which is essential for the functioning of any company. The purpose of this paper is to investigate to what extent entrepreneurs in the Osijek-Baranja County outsource accounting services, how they select accounting service providers and to what extent the accounting knowledge they had before undertaking an entrepreneurial venture affects the choice of an accounting service provider. A structured questionnaire is used to explore the effect of (prior)knowledge of accounting on the selection of accounting service providers. The target population are micro, small and medium-sized enterprises operating in the Osijek-Baranja County area. The objective of the research is to gather information on the entrepreneurs’ (prior)knowledge of accounting, the ways of selecting accounting service providers and the possible influence of recommendations on their choice. The survey results provide an insight into how accounting service providers attract clients, which factors are decisive in choosing an accounting service provider and whether the entrepreneurs’ (prior)knowledge affects the outsourcing of accounting services.

10 lat członkostwa Polski w Unii Europejskiej. Skutki włączenia do jednolitego rynku europejskiego

Author(s): Malgorzata Czerminska / Language(s): Polish / Issue: 1/2014

The inclusion of Poland to the common market for goods meant the abolition of customs duties and quantitative restrictions on agricultural products in mutual trade with the countries of the European Union (customs duties on industrial goods have already been abolished by the Europe Agreement) and the application of the Common Customs Tariff on imports from third countries. Freedom of movement of goods after the accession to the EU accounted for Polish entrepreneurs a chance, because the fulfillment of EU norms and standards means full access to the common market, amounting to more than 500 million inhabitants. Particularly noticeable was the impact of accession on foreign trade, which, thanks to the membership not only gained easier access to the common market, but also new opportunities to increase trade with third countries. Since Polish accession to the EU gradually increased trade in agricultural products as well as their participation in the Polish foreign trade. Emigration of Poles also increased significantly, especially to countries that with effect from 1 May 2004 opened their labor markets, namely the United Kingdom, Ireland. In the final evaluation of the benefits of joining the common market and free movement of goods, persons, services and capital far outweigh, in both the scale of the economy and at the micro level, the costs associated with membership in the European common market.

16 Years of the Euro Area – Increase of GDP and Payment Balance

Author(s): Jan Ostoj / Language(s): English / Issue: 3/2016

The paper makes an attempt at description of the impact of monetary integration on the most important macroeconomic indicators of the Euro area against the background of those countries which retained their national currency. As the main indicator describing changeability of economic growth in the EU countries the author assumed the average annual real GDP growth calculated in relation to the base value of GDP in 2003. The profile of payment balance (BPM5) of selected countries focuses on relations resulting from financing of trade turnover account balance by balance of the financial account and, particularly on direct and portfolio investments. The analysis was conducted in the context of basic relationships from the theory of the optimum payment area.

1893 Şikago Dünya Fuari’nda Osmanli Hipodromu Ve Şirket-İ Hamidiye

Author(s): Ahmet Samil Gürler / Language(s): Turkish / Issue: 65/2011

The topic of Ottoman hippodrome which was a part of Ottoman exposition in the 1893 Chicago World’s Fair is tried to be researched in this article. The Company which organised the Ottoman hippodrome was established by Maronite entrepreneurs from Syria and was supported officially by Sultan Abdulhamid II and Ottoman government. Although the shows, performed by Arabian horses in the Ottoman hippodrome attracted a great attention, the company went bankrupt because of organisation faults and financial problems.

2013-2015 Yılları Katılım Ve Geleneksel Bankacılık Karşılaştırması: Türkiye Örneği

Author(s): Selçuk Bakan / Language(s): Turkish / Issue: 36/2017

The fact that the interest, which is a must in the banking sector, is forbidden in the Islamic religion directs individuals to interest-free banking in Muslim societies. This case leads to an increased interest in the Islamic finance and Islamic banking in the world economy. In Turkey, the participation banking sector, which is the manifestation of interest-free banking, has demonstrated a rapid growth in recent years. This study provides information about Islamic finance, Islamic banking and participation banking, analyses some financial titles about the participation banking sector in Turkey between 2013 and 2015, compares and contrasts between general banking and participation banking, and analyses the state of participation banking sector. Findings show that while there was a decline in the participation banking sector in 2015 compared to 2013, there was a development in the traditional banking data in the same years. It is believed that the transfer of Bank Asya, one of the participation banks, from the Bank to the Savings Deposit Insurance Fund by the Banking Regulation and Supervision Agency and the subsequent process has an important effect in this decline. If necessary measures are taken for the participation banking sector and if the negative issues are not repeated, it can be said that this sector which is developing all over the world can continue its development in Turkey as well.

5S Method in the Management of Product Flows in Warehouse in Manufacturing Company

Author(s): Agnieszka Piasecka-Gluszak / Language(s): English / Issue: 8.2/2017

Skill of application of particular principles of 5S method organizes supports and streamlines the processes taking place at a given workstation, influences effective organization and elimination of waste occurring during the flow of products from the time of acceptance to warehouse up to delivery to production lines. The aim of this article is to present the results of a survey conducted among employees of the Logistics Department about the knowledge of 5S method, its applications, benefits and difficulties in use in the flow of materials and components in the manufacturing company’s warehouse. The article consists of two parts, theoretical and empirical. The first presents the essence and structure, the stages of 5S and the second describes the use of 5S, the results of a survey conducted among employees about the knowledge of 5S in management of warehouse of manufacturing company and a sample warehouse audit card.

A business-cycle-model with monopolistically-competitive Firms and Calvo wages: the case of Bulgaria after the introduction of the currency board (1999-2016)

Author(s): Aleksandar Vasilev / Language(s): English / Issue: 7/2018

We augment an otherwise standard business cycle model with a richer government sector, and add monopolistic competition in the product market, and rigid prices, as well as rigid wages a la Calvo (1983) in the labor market. This specification with the nominal wage rigidity, when calibrated to Bulgarian data after the introduction of the currency board (1999-2016), allows the framework to reproduce better observed variability and correlations among model variables, and those characterizing the labor market in particular. As nominal wage frictions are incorporated, the variables become more persistent, especially output, capital stock, investment and consumption, which helps the model match data better.

A Classification of Polish Households Based on a Credit Portfolio and Debt Service Ratio

Author(s): Paulina Aniola-Mikolajczak / Language(s): English / Issue: 5/2016

The aim of this paper is to show the diversity of Polish households’ financial behavior in terms of debt as well as an identification of households that are characterized by a high debt to income ratio. The article also attempt to assess the debt to income ratio as a measure of households over-indebtedness. To achieve the main objective, the cluster analysis method was used. Based on the households credits portfolio and the level of debt to income ratio, 11 homogeneous groups of households were generated. Five of them were characterized by a high debt to income ratio (>30%), which classify them as overindebted.

A Dairy Cooperative in the Making: History, Ethnicity and Local Culture in an Economic Enterprise

Author(s): Árpád Töhötöm Szabó / Language(s): English / Issue: 3/2015

The paper presents the case study of a newly launched – or re-launched – dairy cooperative in Szeklerland, and investigates how different layers of local traditions, new views of rurality and new roles of peasantry, as well as ethnic struggles interplayed in its formation and functioning. While the cooperative can primarily be perceived as a local economic institution, its analysis offers the possibility to shed a new light on the connections between different levels in agri-businesses and on the different, seemingly non-economic factors acting from the background. The cooperative was launched in 2012 within a favorable framework of other local, ethnic initiatives, but it is seen as the successor of a successful cooperative that was nationalized in 1948. Two strong historical experiences shaped its launching: the successes of cooperatives before WWII and the failures and negative impacts of cooperatives during socialism. The investigation can unfold the ways how these discursive strategies, the emergence of new rural elite, the restructuring of agriculture, the idea of autonomy and a sort of ethnic economy gave impetus or impeded the functioning of the cooperative and its shift from subsistence to market.

A Dynamic Model of Non-Performing Loans of the Largest Micro-Lender in Indonesia

Author(s): S JUWITA,M. Shabri Abd. Majid / Language(s): English / Issue: 5(59)/2018

This study is aimed at empirically exploring the short- and long-term relationships between lending interest rate, total deposits, total loans, and non-performing loans of the largest micro-lender in Indonesia. It also attempts to investigate both bivariate and multivariate causalities among these variables. For this purposes, an Autoregressive Distributed Lag (ARDL) and a Vector Error Correction Model (VECM) approaches are adopted using the quarterly data over the 2003-2015 period. The non￾performing loans were positively affected by their total loans and total deposits, but they were negatively impacted by the lending interest rate. As for the dynamic causalities, the total loans and lending interest rate bidirectionally Granger caused the non-performing loans, but the non-performing loans were unidirectionally Granger caused by the total deposits. These findings imply that to enhance the capital structure of the small- and medium- enterprises in the country through the distribution of small-scale loans by the largest micro-financing banks in Indonesia, the bank should design a proper credit policy with a lower lending interest in order to have lower level of non-performing loans.

A Mátra-alja mezőgazdasága a kataszteri iratok tükrében

Author(s): József Kozári / Language(s): Hungarian / Publication Year: 0

A microeconomic perspective on net working capital

Author(s): Lumini?a Gabriela Istrate / Language(s): Romanian / Issue: 36/2016

The financial resources consist of components which are characterized by common features, but also have traits regarding their formation and use, generating social and economic effects which differ considerably from one of their parts to the other. The financing made by banks of some activities in industry, construction, agriculture, services and trade enables the companies to increase the quality and volume of their products and of the services offered. Also, there is a better orientation of these companies towards the requirements of the internal and foreign markets with beneficial effects on reducing the macroeconomic imbalances inherent in an economy in full process of catching-up with the standards of the developed countries.

A munkaerő napi mozgása (ingázása) és közlekedése Budapesten és a fővárosi agglomerációban, a népszámlálási adatok alapján

Author(s): Miklós Lakatos,Gabriella Kapitány / Language(s): Hungarian / Issue: 06/2015

The study gives information on the daily commuting within the districts of Budapest according to demographic and occupational characteristics of persons in employment. It contains also a comprehensive picture on thecommuting between the capital, the agglomeration and the districts of the capital respectively. The main indicatorsof commuting within districts, groups of districts, agglomerations and agglomeration sections are presentedwith the aid of illustrative maps.

A Software Tool of Technical and Financial-Economic Analysis for Acquistion of Broadband Radio PPDR Networks

Author(s): Henryk Gierszal,Karina Pawlina,Piotr Tyczka,Krzysztof Romanowski,Maria Urbanska / Language(s): English / Issue: 1/2016

In this paper, we present a software tool that allows preparing econometric analyses aiming at selection of optimal business models for acquisition of broadband mobile networks by PPDR organizations. Such agencies often and often need broadband services to improve operational activities in order to increase the safety, security, and their effectiveness in day-to-day and crisis situations. Upgrade or migration to broadband networks needs careful decisions so as to find a justified trade-off between CAPEX and OPEX. The network evolution can be based on different business models but any approach cannot degrade the reliability, security, and resilience required by PSC.

A Study of Cell Phone Market in the Primorye Trritory (Russia)

Author(s): Natalya Stepanovna MARTYSHENKO,Elena Borisovna KMET,Angelina Georgievna KIM / Language(s): English / Issue: 22/2016

The cell phone market with its huge scale is quite seesaw in nature. The article presents the research findings on consumer preferences in the local cell phone market of the Primorye Territory. Assessment of preferences was carried out according to a survey conducted by the author in October 2015. The preference analysis was conducted in the context of the two consumer segments -‘students’ and ‘other consumers’. The article presents the assessment of the consumers’ preferences on cell phone brands, evaluation of market structure in terms of cell phones prices as well as other assessments. Conducted research confirmed the hypothesis that the young consumers of mobile devices are most sensitive to emergence of new brand phones with enhanced capabilities.

A Study on Dynamic Stochastic General Equilibrium

Author(s): Marzieh ESFANDYAR,Nazar DAHMARDE,Hossein KAVAND / Language(s): English / Issue: 3/2014

In order to concentrate more on estimation, unchangeable wages are defined in new punitive model to create inherent unemployment because of the mismatch between supply and demand at industry level. General equilibrium model is often applied to advanced economics. However mainly about advancing economics, partial equilibrium method is used. In this research, study on dynamic stochastic general equilibrium is our main purpose. This article considered unemployment as an excess element in New Keynesian model for Iran's economy. Also this model is based on unchangeable wages. On the one hand the main proportion of informal employment in Iran and rise in the number of dynamic stochastic general equilibrium usages in analysis of financial policies by central banks, on the other hand faults of the models, all together lead to design dynamic stochastic general equilibrium with dual labor market based on Iran’s economic characteristics. To pursue this objective in this research, the dual labor market was divided into two groups: formal and informal. Also companies are classified according to the type of their operation and workforce recruitment. The results show that this model is able to explain Iran’s economy in general. Formal labor markets play a role as a buffer in Walrasian labor markets and in Non-Walrasian labor markets. This role is practicable by comparative model. Also this article studies formal labor markets that are procyclical.

A study on the cadets’ satisfaction with the choice of academic specialty at the National military university, Bulgaria

Author(s): Elitsa Petrova / Language(s): English / Issue: 1/2016

Satisfaction can be defined as a derivative of a sense of conformity between the motives, attitudes to work, the level of expectations, requirements for results and the possibility of their implementation. It’s complicated experience which is a consequence of the alignment of the personality with the environmental conditions and the assessment of the overall situation and an indicator of attitude to activity. The article presents the results of study at the item – “Which is the measure for satisfaction with the choice of academic speciality?” as a part of research on motivation for education and military activities in military formations of the example of the Vasil Levski National Military University, Bulgaria. The interviewees were cadets who graduated through the following academic years – 2013/2014, 2014/2015, 2015/2016.

A Survey of the Empirical Evidence on PWYW Pricing

Author(s): Henrik Egbert,Matthias Greiff / Language(s): English / Issue: 2/2016

A Survey of the Empirical Evidence on PWYW Pricing Abstract: We review a large number of empirical studies on Pay-What-You-Want (PWYW) pricing. We distinguish between laboratory experiments, field experiments, survey experiments and case studies. Based on this survey we identify the following two gaps in the recently flourishing literature on PWYW pricing: (1) studies on PWYW pricing for goods with high cost, and (2) studies on the long-term effects of PWYW pricing.

ACCOMPLISHMENT OF THE ECONOMICS OF SUSTAINABLE DEVELOPMENT AS AN OPPORTUNITY TO BUILD A COMPETITIVE ADVANTAGE

Author(s): Sabina Zaremba-Warnke / Language(s): English / Issue: 1/2015

Currently creating economics of sustainable development is an alternative concept in relation to neoclassical economics. The aim of economics of sustainable development is sustainable management, which means to guarantee high economic, ecological and socio-cultural standards for present and future generations within the limits of environment’s natural resistance. The accomplishment of sustainable development concept requires the activeness of all socio-economic subjects, particulary the ones which should play a key role - enterprises. Although, more companies pay attention to social results of their activities, so the ones which really act in accordance with the principles of sustainable development, still constitute a minority on the market. The assumption of economics of sustainable development, in practice - enterprise management come to so called three strategic paths i.e. effectiveness, cohesion and sufficiency. It also leads to fulfill sustainability criteria, which can be divided into three main groups i.e. ecological, economic and socio-cultural ones. Accomplishment of sustainable development assumptions constitutes an opportunity to build a durable competitive advantage in enterprises. The purpose of this article is to characterize the assumptions of economics of sustainable development in relation to enterprise management and to point out a possibility to build a competitive advantage by enterprises acting in accordance with sustainable development principles.

Accounting Treatments Related to the Economic Operations Generated by the Quality Cost Management

Author(s): Valeriu Brabete,Cristian Dragan,Oana Staiculescu,Adriana Iota / Language(s): English / Issue: 22/2014

The quality cost and the efficient management of the problems generated by it shall represent a constant concern for each economic entity. The correct settlement of all the problems generated by the quality cost concept within the activity of economic entities shall contribute in a decisive way to the increase of economic-financial performances. Through the correct settlement and the efficient management of the problematics related to the quality cost one can understand, among others, the supply of some correct accounting solutions, both from the point of view of the applicable accounting regulations and under the aspect of fiscal involvements that these can have. Within this study, we intend to present the accounting solutions for a part of the economic operations that the quality cost management can bring into discussion in the activity of economic entities, following that the initial research be now developed, subsequently, within a major project.