BH Ekonomski forum最新文献_第2页

Specificities of capital valuation of young companies by yield basis method 收益基法对年轻公司资本估值的特殊性

BH Ekonomski forum Pub Date : 1900-01-01 DOI: 10.5937/bhekofor2101073g

V. Grdinić, Jasmina Šmigić-Miladinović, M. Pavlović, Miloš Ranđelović

{"title":"Specificities of capital valuation of young companies by yield basis method","authors":"V. Grdinić, Jasmina Šmigić-Miladinović, M. Pavlović, Miloš Ranđelović","doi":"10.5937/bhekofor2101073g","DOIUrl":"https://doi.org/10.5937/bhekofor2101073g","url":null,"abstract":"The capital valuation of young companies differs from the assessment of mature and developed companies. Namely, some of these companies achieve business results that are negative or at a low level. Even when they can generate a higher level of profit, the history of their existence is short, it depends on the possibility of borrowing capital, which makes the assessment through the yield method significantly more difficult than usual. Regardless of the industry in which they operate, the sector, the production, and sales arrangement, and the degree of innovation, these companies face not only the usual risk but also the risk of survival and uncertainty that the future brings. In estimating the value of the capital of young companies, standardized and traditional valuation methods can be used, and thus the yield basis method. Regardless of the chosen method of assessment, the assessor faces a lack of information about the history of \"existence\". For this reason, for the assessment, all parameters involved in the capital evaluation process must be adjusted. The subject of this paper is capital valuation. The aim of this paper is to show how it is possible to estimate the value of capital using the yield method and to point out the specifics of this procedure. The object of this research are young companies. In this paper, we will first present the characteristics of young companies, and then the possibilities of estimating their capital by discounting cash flows as a type of yield basis method of capital valuation.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"66 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121444422","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The role of top management in quality management according to BFC SEE standard 根据BFC SEE标准，最高管理者在质量管理中的作用

BH Ekonomski forum Pub Date : 1900-01-01 DOI: 10.5937/bhekofor2202079q

Đevad Šašić, Venan Hadžiselimović, E. Čizmić

{"title":"The role of top management in quality management according to BFC SEE standard","authors":"Đevad Šašić, Venan Hadžiselimović, E. Čizmić","doi":"10.5937/bhekofor2202079q","DOIUrl":"https://doi.org/10.5937/bhekofor2202079q","url":null,"abstract":"Business Friendly Certification South-East Europe (BFC SEE) is a unique program for improving the quality of services in municipalities in the region of South-East Europe, which is available to companies and potential investors. BFC SEE provides the top management of municipalities with a clear roadmap on how to create a favorable business environment and introduce internationally recognized standards of efficient and transparent local administration. For investors looking to invest or expand their business in Southeast Europe, BFC SEE serves as a standardized tool for assessing local business conditions, indicating which municipality in the region provides the best investment climate. The problem that will be addressed in the paper is focused on analyzing the effects of the introduction of standards and determining the justification of their application in local self-government units in order to improve the organization of business and quality of service provision. The goal of the research is to examine how quality management using the BFC SEE standard affects the creation of a favorable business environment and the increase in the number of business entities in local self-government units. In the framework of this research, important aspects related to the attitudes of the top management of local self-government units are questioned regarding their perception of the importance of standards and improvement of business processes that determine the attractiveness of the business environment. The research sample will include at least 50% of the local self-government units that have implemented the specified standard in the Federation of Bosnia and Herzegovina.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127567678","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The effect of agricultural investments by governments on economic growth and financial markets: An application on developed and developing countries 政府农业投资对经济增长和金融市场的影响:在发达国家和发展中国家的应用

BH Ekonomski forum Pub Date : 1900-01-01 DOI: 10.5937/bhekofor2101133a

Kaya Abdulkadir

{"title":"The effect of agricultural investments by governments on economic growth and financial markets: An application on developed and developing countries","authors":"Kaya Abdulkadir","doi":"10.5937/bhekofor2101133a","DOIUrl":"https://doi.org/10.5937/bhekofor2101133a","url":null,"abstract":"In this study, Bound Test Analysis (ARDL) was applied for the 2001-2016 period in order to examine the effects of the Agricultural Orientation Indices (AOI) representing the agricultural investments of countries on the Stock Exchange Index (SE) and Gross Domestic Product (GDP) of developed and developing countries. The independent variables of the two ARDL models created are AOI and the dependent variables are SE and GDP. To estimate the relations between the variables, yearly panel date series belonging to the period of 2001 - 2016 are taken into account. According to the results of the analysis of border tests, Agriculture Orientation Index (AOI) and the Stock Exchange Index (SE) and Gross Domestic Products (GDP) variables are cointegrated in both developed and developing countries. AOI variable has no statistically significant effect on SE variable, GDP variable is negatively affected by the AOI variable in the long term both developed countries and developing countries. In developed countries, the AOI variable has a negative relationship with the SE variable. In addition, it was determined that the AOI variable has a negative effect on the GDP variable in the short term. AOI variable does not affect on both SE and GDP variables in the short term.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124464910","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Earnings management and fraudulent financial reporting: Distinctive criteria of suspicious accounting practices 盈余管理和虚假财务报告:可疑会计实务的独特标准

BH Ekonomski forum Pub Date : 1900-01-01 DOI: 10.5937/bhekofor2201095i

Ševala Isaković-Kaplan, Senada Dupovac

{"title":"Earnings management and fraudulent financial reporting: Distinctive criteria of suspicious accounting practices","authors":"Ševala Isaković-Kaplan, Senada Dupovac","doi":"10.5937/bhekofor2201095i","DOIUrl":"https://doi.org/10.5937/bhekofor2201095i","url":null,"abstract":"The financial reports, as the final product of the accounting information system, need to be accurate in order to maintain the main purpose of financial reporting. Applied methods and techniques of recognition and measurement of financial positions should be in the purpose of realistic and transparent presentation of the financial performances of the entity. However, creative accounting techniques are often used in the process of preparing and presenting financial statements in order to manage earnings and manipulate financial values. Manipulation of financial statements seems to be a generally present phenomenon, and the paper aims to identify the criteria used by members of the accounting profession in the Federation of Bosnia and Hercegovina (FBiH) to distinguish earnings management techniques from fraudulent financial reporting. The research reflects the perception of accountants and auditors in the FBiH regarding the possibility of recognizing suspicious accounting practices in business entities. The research is based on distinctive criteria used in developed economies of the world: measurement subjectivity, the materiality of financial item and compliance of financial reporting with generally accepted accounting principles, but identifies specific distinctive measures used by respondents, too. The results of the research reveal that the accounting professionals in the FBiH rely on distinctive criteria: materiality and compliance of reporting with International Financial Reporting Standards, including two additional measures: compliance of financial reporting with generally accepted practices and confidence of financial information. Respondents did not recognize subjectivity in assessment as a relevant measure of the distinction between earnings management and fraudulent financial reporting.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125448790","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The connection between corporate social responsibility and the reputation of companies in the Federation of Bosnia and Herzegovina 波斯尼亚-黑塞哥维那联邦公司社会责任与公司声誉之间的联系

BH Ekonomski forum Pub Date : 1900-01-01 DOI: 10.5937/bhekofor2102069h

Dijana Husaković, Nermana Mahmić-Muhić, Ilma Dedić-Grabus

{"title":"The connection between corporate social responsibility and the reputation of companies in the Federation of Bosnia and Herzegovina","authors":"Dijana Husaković, Nermana Mahmić-Muhić, Ilma Dedić-Grabus","doi":"10.5937/bhekofor2102069h","DOIUrl":"https://doi.org/10.5937/bhekofor2102069h","url":null,"abstract":"It is undeniable that corporate social responsibility (CSR) occupies an important place in managerial practice, but also in academic circles. Due to the strengthening of competition between companies, and the constant need for companies to be sustainable in a market and innovative sense, it becomes clear that it is necessary to integrate social responsibility into the company's business. Corporate social responsibility activities, which will be the subject of analysis, are in theory synthesized in the form of economic, legal, ethical and philanthropic activities. These corporate social responsibility activities should intuitively lead to building a positive reputation for the company. Reputation is an intangible but long-term investment. In the modern economy, where due to the speed of information transfer, it is very difficult to hide something, building a reputation is seen as one of the basic challenges of any company. The research focuses on the connection between the activities of corporate social responsibility and the reputation of large companies in the Federation of Bosnia and Herzegovina. Therefore, the paper analyzes the perception of managers about the connection of corporate social responsibility activities with the reputation of large and medium companies in the Federation of Bosnia and Herzegovina. The main goal of this paper is to examine the perception of managers about the relationship between corporate social responsibility activities and the reputation of companies in the Federation of Bosnia and Herzegovina.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134362036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The importance of content marketing for achieving customer brand engagement 内容营销对于实现客户品牌参与的重要性

BH Ekonomski forum Pub Date : 1900-01-01 DOI: 10.5937/bhekofor2201131m

Nermana Mahmić-Muhić, Almir Klico

{"title":"The importance of content marketing for achieving customer brand engagement","authors":"Nermana Mahmić-Muhić, Almir Klico","doi":"10.5937/bhekofor2201131m","DOIUrl":"https://doi.org/10.5937/bhekofor2201131m","url":null,"abstract":"In the last decade, with the development of information and communication technologies, content marketing has become one of the leading marketing techniques in marketing communication, which seeks to create a relationship with customers by creating and sharing interesting content. Activities related to content marketing are theoretically synthesized in different ways, but regardless of the chosen way of their theoretical definition, they should intuitively lead to building customer brand engagement. Customer brand engagement is characterized by different cognitive, emotional and behavioral brand-related responses caused by specific brand interactions. In the modern economy, where it is very difficult to attract and retain the attention of customers, building creative, consistent and accurate content is becoming one of the basic challenges for gaining customer engagement. The research subject focuses on the growing popularity of content marketing and customer brand engagement, and systematizes the existing findings on the importance of the effects that content marketing has on customer brand engagement. Therefore, the main goal is to review the literature on existing knowledge about customer brand engagement and content marketing, which is most often shared through social media, and critically analyze the findings of researchers and practitioners on the relationship between content marketing and customer brand engagement.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"24 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132836452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Corporate social responsibility in the function of employee motivation 企业社会责任在员工激励中的作用

BH Ekonomski forum Pub Date : 1900-01-01 DOI: 10.5937/bhekofor2102087h

Dijana Husaković, Ilma Dedić-Grabus, Esmir Husetović

{"title":"Corporate social responsibility in the function of employee motivation","authors":"Dijana Husaković, Ilma Dedić-Grabus, Esmir Husetović","doi":"10.5937/bhekofor2102087h","DOIUrl":"https://doi.org/10.5937/bhekofor2102087h","url":null,"abstract":"Corporate social responsibility implies the company's commitment to create and implement business strategies and activities in harmony with the environment and ethical behaviour towards stakeholders. Employees belong to the important interest groups and resources of every company, because their actions directly affect business results. The paper presents activities of corporate social responsibility towards employees. Employee motivation is important because it directly affects the productivity of workers , which further has consequences on the business results of the company. Employee motivation changes in the action of various factors from the employee's environment , inside and outside the work environment. In this paper, corporate social responsibility will be presented as a factor related to employee motivation. The main goal of this paper is to examine the relationship between corporate social responsibility and employee motivation and the possible connection between socially responsible activities toward employees and their motivation. The research will be conducted by examining the attitudes of managers about the connection between socially responsible business and motivation, because managers make decisions about employees within their work activities. The sample includes managers of large Bosnian companies.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"239 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116065443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Relationship between non-perfmorming loans and financial stability: Evidence from Bosnia and Herzegovina banking sector 不良贷款与金融稳定的关系:来自波斯尼亚和黑塞哥维那银行业的证据

BH Ekonomski forum Pub Date : 1900-01-01 DOI: 10.5937/bhekofor1902091k

Kemal Kozaric, Emina Žunić-Dželihodžić

{"title":"Relationship between non-perfmorming loans and financial stability: Evidence from Bosnia and Herzegovina banking sector","authors":"Kemal Kozaric, Emina Žunić-Dželihodžić","doi":"10.5937/bhekofor1902091k","DOIUrl":"https://doi.org/10.5937/bhekofor1902091k","url":null,"abstract":"Latest financial crisis resulted in non-performing loans growth what causes a lot of problems to financial stability of banking systems all around world. Aim of this paper was to examine the impulse response function of financial stability and non-perfor ming loans in Bosnia and Herzegovina banking sector. For that purpose, non-per forming loans were defined as dependent and financial stability was an independent variable. Vector autoregression analysis was employed in order to explore how the Bosnia and Herzegovina banking sector financial stability responds to the impulse of changes in non-performing loans. Data for financial stability and non-performing loans for the period 2000-2017 were used. Main goal of this research is analysis of financial stability response on changes in non-performing loans. Therefore, the pur pose of this paper is modelling relations between non-performing loans and finan cial stability. The study showed that financial stability of Bosnia and Herzegovina banking sector negatively reacts to changes in non-performing loans. Regression model showed that increase in non-performing loans leads to deterioration in fi nancial stability of the banking sector. Results indicate long-term and short-term connection between non-performing loans and financial stability. Furthermore, it was disclosed that changes in financial stability have been caused by changes in non-performing loans. These results indicate the importance of non-performing lo ans monitoring as one of the main sources of systematic risk which could threaten banking sector financial stability.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129673109","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Innovation in public sector institutions in the Federation of Bosnia and Herzegovina 波斯尼亚-黑塞哥维那联邦公共部门机构的创新

BH Ekonomski forum Pub Date : 1900-01-01 DOI: 10.5937/bhekofor1902057l

Zlatko Lagumdzija, Lamija Krndžija, L. Turulja

{"title":"Innovation in public sector institutions in the Federation of Bosnia and Herzegovina","authors":"Zlatko Lagumdzija, Lamija Krndžija, L. Turulja","doi":"10.5937/bhekofor1902057l","DOIUrl":"https://doi.org/10.5937/bhekofor1902057l","url":null,"abstract":"Innovation has become a necessity in order to overcome some challenging times in the rapid changing world. The world’s paradigm is shifting towards sustainable development and shared values. Even though numerous benefits of innovating the public sector (PS) have been recognised worldwide, the concept of public sector innovation (PSI) is still new for Bosnia and Herzegovina. The complex and stratified structure of the Federation of Bosnia and Herzegovina (FBiH) and its PS has been forever standing in the way of any larger progress. The purpose of this paper is to contribute to the development of PSI in FBiH as an opportunity to enhance the performance of public services, increase their efficiency, and decrease the costs. \u0000The research was completed by using a mixed-method approach in order to analyse the concept of innovation in the PS. The primary data was collected through semi-structured interviews with the management and a survey with close-ended questions which was completed by the employees of the public sector institutions in FBiH. The method of structural equation modelling was used in order to test the research hypotheses. \u0000A part of this paper is analysing the main PSI drivers and challenges. The results show that the main obstacles to PSI are the institutional system and the regulations in the FBiH. On the other side, the manager and employees are considered the largest drivers of public sector innovation in FBiH. The paper concludes with several recommendations on how to overcome the main barriers of public sector innovation in FBiH. \u0000Keywords: Innovation management, R&D, Innovation incentives, e-Government, Institutional culture. \u0000JEL: O38, O32, O31, H11, H41","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124821382","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Relationship between the type of managers and socially responsible business: Evidence from companies in Federation of Bosnia and Herzegovina 管理人员类型与社会责任企业之间的关系:来自波斯尼亚和黑塞哥维那联邦公司的证据

BH Ekonomski forum Pub Date : 1900-01-01 DOI: 10.5937/bhekofor2102101h

Dijana Husaković, Esmir Husetović, Nermana Mahmić-Muhić

{"title":"Relationship between the type of managers and socially responsible business: Evidence from companies in Federation of Bosnia and Herzegovina","authors":"Dijana Husaković, Esmir Husetović, Nermana Mahmić-Muhić","doi":"10.5937/bhekofor2102101h","DOIUrl":"https://doi.org/10.5937/bhekofor2102101h","url":null,"abstract":"In today's dynamic business environment conditions, the socially responsible business occupies a special place. Socially responsible companies are more sensitive to the needs and expectations of the most important stakeholder groups: shareholders, employees, customers and the community. In addition to socially responsible companies working in accordance with the needs and expectations of mentioned groups, they can achieve many other benefits from corporate social responsibility: gain a better reputation and image in the market, attract quality human resources, attract many investors, etc. Application of socially responsible business in companies requires from managers proactive approach, stakeholders orientation and ethical behavior in making business decisions. When we talk about socially responsible business, in theory, there are three types of managers: immoral, amoral and moral type. Immoral type of managers actively opposes what is considered correct or ethical. The amoral type of managers is neither immoral nor moral. Their main characteristic is that they are not too sensitive to the fact that their business decisions can affect others. The moral type of managers uses ethical norms and adhere to high standards of good behavior. This paper researched the dominant type of managers, from the aspect of socially responsible business, in large private companies in the Federation of Bosnia and Herzegovina. The research determined that managers, who are not too sensitive to the fact that their business decisions can have harmful consequences for others, are the dominant type of managers in large private companies in the Federation of Bosnia and Herzegovina. The research was proven on 63 large private companies in the Federation of Bosnia and Herzegovina.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131322537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0