1,720,975 research outputs found
Foreword
No full textThis special edition of Journal of Business Management’s 5th issue mainly consists of scientific papers that were presented during the 9th International Scientific Conference “Accounting and Finance in Transition, European and World Experience, and Public Policy Consideration”, or 9th ICAFT-2012. The conference was held in Riga International School of Economics and Business Administration (RISEBA) from the 11th to 13th of October 2012. Participants of the conference explored trends, concepts, experience, and issues generated by accounting and finance academics, researchers, practitioners, and policy makers in the context of dynamic political, economic and social changes. Representatives of 18 countries participated in the conference.
Presented topics covered various aspects of financial management in the context of researched organisations’ strategies, as well as search of methodological approaches to tackle the most complex issues of financial and accounting policies’ practical application both in private and public sectors. In most cases the general tendency of research appeared to be the problem of adequacy and quality of information disclosure in financial reporting of different organisations, including enterprises, banks and public sector, as well as application of integrated performance measurement system.
The articles published in this issue reflect most of the 9th ICAFT findings: - There is a positive relation between corporate sustainability and financial performance (N.Vitezic, T.Vuko, B.Morec). - Corporate social responsibility has been analysed mostly from the viewpoint of economic benefits a company possesses from its social orientation (N.Vitezic, T.Vuko, B.Morec). - Non-financial performance measurement indicators can be grouped according to proposed nonfinancial perspectives (A.Sobota, D.Peljhan). - High quality information disclosure is connected not only to references in financial statements, but even more to the financial statements being integrative and integral information (B.Ljutic, S.Jankovic, D.Vlasic).- Regulatory recommendations alone are not sufficient to guarantee work effectiveness of a board and directors (A.Lagzdins). - There is a limited evidence to support claims that different ownership structures (state-controlled, private or foreign-invested ownership) have a significant relationship with tax aggressiveness in China (G.Yuan, R.McIver, M.Burrow). - The growing diversity of accounting data efficiency measures are getting more sophisticated and multidimensional to encourage education providers not only towards cost minimization, but also to increase the output quality (B.Mörec, V.Vitezic, M.Tekavcic). - Decision time is the key indicator to determine costs of human resources (I.Purinsh, T.Reizinsh, G.Braslinsh, N.Svitlika). - Autonomous (devolution) and assigned by the state to municipalities (delegation) functions are presented without any logic system and do not match any classification (G.Zigiene). - Measurement and evaluation of long-lived assets is directly related to corporate governance and cannot be ignored, when developing investment strategies (I.Kuzmina, I.Kozlovska). - There are relationships between convergence and divergence and business performance in the information and communication technologies sector (S.Veneti, Z.Sevic, D.Maditinos).
The presented research results determined the most disputable matters in the international financial thought. A number of points for discussions arose, for instance: - How does a managerial optimism as well as other psychological biases affect a firm’s investment decision process? - What is the role of different performance perspectives, when assessing efficiency of integrated performance management systems? - Is such hypothetical amount as a “fair value” sufficiently understandable, reliable, relevant and comparable to be suitable for financial reporting? - How should organisations plan their strategic positioning within the divergence-convergence recursive model in a timeline? - Does the corporate governance structure influence future cash flows and investment strategy of a company?
JAnswers to these and other questions that arose during the conference discussions contribute to further development of theory and research of international experience and practice in the field of finance and accounting, thus also stimulating development of creative thinking and scientific research in future.
Vice Chair of the ICAFT conference, Irina Kuzmina
Head of the Editorial Board, Vulfs Kozlinski
Foreword
No full textQuality of governance is playing a larger role in achieving sustainability in conditions of permanent instability in the business environment. Quality of governance is closely connected with stable long-term government policy, which must be based on a solid theoretical background. Some of the articles in this issue of the Journal of Business Management are related to this topic. In Eastern Europe, one of the crucial factors in the development of innovative entrepreneurship is financing. Two articles in this issue are devoted to problems of innovative business.
One of this issue’s articles is based on the controversial statement that growing profitability in the banking sector is a factor of the sector’s sustainability.
Small business currently plays a dominant role as a factor in employment and the economies of Eastern European countries in general. Nowadays cooperation is becoming an important aspect of small business development in several branches, especially in agriculture. One of this issue’s articles is devoted to cooperatives’ value systems in Poland.
All the papers were double-blind peer reviewed. Following the necessary corrections and additions resulting from the review process, 10 accepted papers were included in the issue.
As of 2017, the Journal of Business Management is indexed in COPERNICUS (it has been indexed in EBSCO since 2008)
Foreword
No full textThe instability of the entire socioeconomic system is growing. This situation demands from organizations quick and accurate managerial decisions which take into account changes in the external environment and utilise new possibilities.
Rapid changes on the macro and micro level need proactive measures; for instance, organizations must think about connecting business decisions and business cycles (the topic of one of the journal articles in this issue).
Top management team diversity in these conditions has become more important. The topic of alumni knowledge management is important for organizations and a sustainable higher education system.
One of the papers (theoretical) is devoted to different trends in strategic management (research based on keyword analysis). All this and other problems are discussed in papers included in JBM Issue No. 15.
All the papers were double-blind peer reviewed. Following the necessary corrections and additions resulting from the review process, 5 accepted papers were included in the issue.
The Journal of Business Management has been indexed in COPERNICUS since 2017 and in EBSCO since 2008.
Next year issues will be devoted to foreseeing challenges and opportunities for organizations on the macro and micro level
Growing instability of the socio-economic system
Get PDFThe world is facing a growing instability of its socio-economic system. The socio-economic system is comprised of a number of subsystems that are not progressing at equal paces. This creates instability in the entire system.
Shifting centres of gravity in the global economy, demographic shifts, the financial (including debt) crisis, etc. are only the visible consequences of system development.
Shifting centres of economic (and military) power constitute a permanent factor which works relatively slowly, but in the second decade of the 21st century (and onwards) we must deal with a transforming system with not only quantitative but also various qualitative parameters.
Differences in population growth (among countries and continents) and the “Youth Bubble” contribute to rapidly growing immigration, which is becoming an important instability factor (in countries receiving immigrants, it is connected with tremendous differences in the value system).
Political subsystem weaknesses add to this problem, as politicians who do not pursue the right longterm goals create a situation that eventually results in a crisis.
Nowadays we must deal with a crisis in the whole system and try to rebuild the system.
The paper is conceptual and its aim is to initiate discussion
Foreword
Get PDF"Journal of Business Management" continues the topic of previous journal editions on IT opportunities and application results including risks across industries. In addition to the issues mentioned above, the reader may also be interested in the experience of different countries in this area.
Several articles in the publication are related to the financial sphere. Its digital transformation is leading to major structural changes in the financial sphere as well.
As the socio-economic system accelerates, strategic foresight plays an increasingly important role in both companies and public administration. Strategic foresight connections with management innovations discussed in one of the edition conceptual papers too. All the papers were double-blind peer reviewed. Following the necessary corrections and additions resulting from the review process, six accepted papers were included in the issue.
The Journal of Business Management has been indexed in COPERNICUS since 2017 and in EBSCO since 2008
Foreword
No full textNowadays growing instability of the socio-economic system is evident. Scholars of social sciences attempt to explain this by examining multiple, very diverse, reasons. Economists often refer to the debit crisis, long cycles, swelling resource prices; political scientists and economists – to the shifting centres of economic gravity; demographers – to changes in the demographic structure, sociologists – to the crisis of value system, etc.
All these explanations, however, seem to have a significant common drawback, which is the lack of a systematic view. One of the most viable hypotheses asserts that it is the political sub-system in the socio-economic system that lags behind in its development from the economic and technological subsystems in the hierarchy. We must be dealing with the system crisis, which is inevitably long-term and, as history shoes, can span multiple generations.
In conditions of growing instability entrepreneurs must find quick and insightful decision. We can identify two main approaches to dealing with this situation. The first option is to have a certain number of ready, previously tested, recipes that proved working well (e.g. financial management, fiscal regulation, personnel training). The second is to prepare entrepreneurs to be ready for spotting new opportunities and decisions in unexpected situations and uncertain environments. For successful implementation of these solutions substantial changes are necessary in business and enterprise education at the higher and lifelong learning levels. Education and training must be refocused towards development of creativity and other non-cognitive skills. Papers selected for the new issue of the Journal of Business Management address both approaches with the first being prevalent.
The publications portfolio of the 8th issue of the Journal of Business Management comprises studies presented at the 7th annual International Scientific Conference “Business and Uncertainty: Challenges for Emerging Markets” hosted by Riga international School of Economics and Business administration in April 2014. The conference attracted scientists from eleven countries (mostly Eastern and Northern European).
Head of the Editorial Board,Professor Dr. Vulfs Kozlinski
Foreword
No full textJournal of Business Management, issue No.4, mostly consists of papers (reports), which were presented during the International Scientific Conference "Changes in Global Economic Landscape – in Search for New Business Philosophy" that took place in Riga International School of Economics and Business Administration on 28 and 29 April 2011.
Representatives of 12 countries – Austria, Finland, Estonia, Cyprus, Poland, Hungary, Portugal, Germany, Italy, United Kingdom, Latvia, and Greece – participated in the conference.
Main findings of the International Scientific Conference were as follows (scientific articles published in this issue reflect most of these findings):1. The global economy‘s centres of gravity are shifting (towards east mainly, e.g. China, India, etc.). The shift of economic centres of gravity is tied with fundamental and long-term collisions (as history shows). Therefore, uncertainty in business increases, and it is the long-lasting period.2. The model of economic development based on demand stimulation (in a form of crediting) does no longer work. The time has come to pay off (or write off?) loans received earlier. The consumption society cannot be sustainable.3. Talents and technologies determine business achievements (especially in case of rapid changes in the world economy).4. A long-term business is becoming the one, which is concerned with satisfying primary needs of people (e.g. food industry), as well as high technologies.5. More close regional collaboration can positively influence the situation both on the country and business levels (including introduction of single currency).6. Constant concentration on short-term goals does not allow achieving long-term goals, including the investment-related ones.
A number of points for discussion arose, for instance:1. Why improvement of macroeconomic indicators in Latvia does not influence its people?a) It requires time."Slight growth and profit in the banking sector are anticipated only in the end of 2011"."Stable investments are required"."Salaries are below the productivity level, they can increase only in the mid-term, from now to 2014" (Andris Vilks).b) "The macroeconomic indicators do not fully reflect the real microeconomic situation" (V.Kozlinskis).2. The anticipated role of immigrationIn the short- and mid-term regulating immigration can bring positive impact, although the basic long-term solution is to improve the demographic situation (e.g. Canada‘s experience of 3-children families) (Greg McDonalds).The regulated immigration can attract highly qualified workforce, holders of capital, scientists.3. Some bright quotes:Massimo Merlino: "2T (talents and technologies) is the only strategy that can take out from the crisis. Intercultural research in this area is required".Signe Enkuzena: "The world‘s leading economies proved that an effective human resource training system is one of the business development cornerstones... Employees also admit that learning and improvement of skills enhance professionalism".Kari Liuhto: "The single currency fosters development of regional business and tourism"."The united investment agency of the Baltic region could attract foreign investments, foster inflow of capital, promote economic growth and more intensive competition among enterprises".
Artis Pabriks: "Since the Baltic countries (Latvia, Lithuania, Estonia) joined the EU following the Northern neighbours, the need for mutual collaboration and integration have become very salient. However, there are differences between the Northern and Baltic countries – the Northern Countries are among the most successful and competitive in the world, while the Baltics fight for extra resources to support the social sector. One of the options for the Baltics is to learn from experience of the Northern neighbours".Jānis Zvīgulis: "The Latvian and global experience shows that not all investments are suitable for the development of Latvian economy. The strategically defined and appropriate investments are necessary, but not the doubtful ones. A lot of countries, including Latvia, define its attitude towards investments – how to increase the desired investments, especially, when the flow of funds decreases significantly".
Head of the Editorial BoardVulfs Kozlinski
Evaluation of business macro environment: case of economic slowdown
Get PDFNowadays due to growing importance of competitiveness measurement (9) a lot of resources are invested in the issue-related researches. One of the major components of measuring competitiveness is evaluation of business macro environment (BME). Three approaches are mainly used to evaluate the BME: Analysis of key indicators (usually by segregating business environment in parts (4, 9), for instance, PESTEL analysis);
Business surveys (for instance, IFO Business Climate Index in Germany, Economic Sentiment Index in Latvia, etc.). However, this approach does not give a clear explanation of how entrepreneurs carry out the BME evaluation and what information they use.
More advanced (and rear) approach that combines results of the first two approaches and explains the gap between the evaluation results.
In the economic slowdown conditions the analysis of key indicators is still appropriate to employ (with some exceptions though), but reasonable changes take place in the BME evaluation undertaken by the entrepreneurs for the reason that general economic indicators become less important.
The most important information for the entrepreneurs to evaluate the BME in 2005-2006 was the average wages level in the country, but in the end of 2007 (in the beginning of the slowdown) - the overall employment situation
Foreword
No full textJournal of Business Management Volume 18 mainly comprises papers which are the results of the international research project “Higher Education Institutions for Youth Entrepreneurship”. The papers “Development of youth entrepreneurship in Latvia: A comparison of youth’s and experts’ opinions”, “Problems in the development of youth entrepreneurship in the Republic of Armenia” and “Activation of youth entrepreneurship in Ukraine: Youth’s view of the problem” are devoted to problems of youth entrepreneurship in Eastern Europe.
One of the papers is devoted to a topic of growing importance – women’s representation on boards. The final paper of this volume “Institutional governance matters in the context of social capital and international entrepreneurial entry: A multi-level perspective” is devoted to a better comprehension for institutional governance factors impacting the relationship between social capital possessed by the entrepreneurial ventures and their ability to enter into the international market. The results of these studies are useful not only for other researchers, but for policymakers as well.
All the papers were double-blind peer reviewed. Following the necessary corrections and additions resulting from the review process, five accepted papers were included in the issue.
The Journal of Business Management has been indexed in COPERNICUS since 2017 and in EBSCO since 2008
Foreword
No full textThe Journal of Business Management includes papers devoted to a wide range of management topics: idea management, design management, etc.
A reasonable proportion of the papers in this issue are devoted to management possibilities which are connected with IT solutions.
It is also noteworthy that two of the papers are devoted to the concept of the value system and its connection with management solutions.
We believe that these research directions are becoming more and more important.
All the papers were double-blind peer reviewed. Following the necessary corrections and additions resulting from the review process, 10 accepted papers were included in the issue
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