Facta Universitatis Series Economics and Organization最新文献_第3页

COVID-19 PANDEMIC AND NIGERIA’S INTERNATIONAL LIQUIDITY: IMPACT ANALYSIS COVID-19大流行与尼日利亚的国际流动性:影响分析

Facta Universitatis Series Economics and Organization Pub Date : 2022-08-22 DOI: 10.22190/fueo220105004b

A. Babalola

{"title":"COVID-19 PANDEMIC AND NIGERIA’S INTERNATIONAL LIQUIDITY: IMPACT ANALYSIS","authors":"A. Babalola","doi":"10.22190/fueo220105004b","DOIUrl":"https://doi.org/10.22190/fueo220105004b","url":null,"abstract":"Covid-19 pandemic woes have caught across almost every international activity in the world today, which makes many economies to be in a cross-road whether the COVID-19 pandemic is the cause of these woes or not. In this regard, this study investigated the effect of the COVID-19 pandemic on international liquidity in Nigeria. COVID-19 pandemic was proxied by COVID-19 new cases and new deaths of the pandemic in Nigeria and a dummy which represented the period of the pandemic, and as such, stood in as the explanatory variables in the study, while international liquidity was put as the dependent variable. Daily data sets were sourced from National Centre for Disease Control in Nigeria and the Central Bank of Nigeria statistical bulletin between February and October 2020, employing Auto-Regressive Distributed Lag (ARDL) technique. Findings of the study revealed that, in the short run, the COVID-19 pandemic period had a significant impact on Nigeria's international liquidity. However, the COVID-19 new cases and new deaths could not have any significant impact on the international liquidity. Moreover, none of the COVID-19 pandemic variables could have any long-run impact on the international liquidity in Nigeria. The study, therefore, suggests that Nigerians should know that the depletion of its foreign reserve is not due to policy deficiency but to the COVID-19 pandemic. Also, the government should try to improve quality exports that will be demanded by foreign countries irrespective of any pandemic.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"44 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76365032","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: 1

THE RELATIONSHIP BETWEEN NATIONAL CULTURE AND INNOVATIVE ENTREPRENEURIAL ORIENTATION: AN ANALYSIS FOR THE SOUTHEAST EUROPEAN COUNTRIES 民族文化与创新创业取向的关系:基于东南欧国家的分析

Facta Universitatis Series Economics and Organization Pub Date : 2022-08-22 DOI: 10.22190/fueo211026001a

Renata Amidžić, Bojan Leković, T. Fazekaš, Milenko Matić

引用次数: 0

THE CHALLENGES IN AUDITING FINANCIAL STATEMENTS AT FAIR VALUE CONCEPT (FVC) IN DEVELOPING ECONOMIES: THE CASE OF REPUBLIC OF SERBIA 发展中经济体以公允价值概念审计财务报表的挑战:以塞尔维亚共和国为例

Facta Universitatis Series Economics and Organization Pub Date : 2022-08-22 DOI: 10.22190/fueo211224005b

Ljiljana Bonić, Vesna Janković-Milić, Bojan Rupić

{"title":"THE CHALLENGES IN AUDITING FINANCIAL STATEMENTS AT FAIR VALUE CONCEPT (FVC) IN DEVELOPING ECONOMIES: THE CASE OF REPUBLIC OF SERBIA","authors":"Ljiljana Bonić, Vesna Janković-Milić, Bojan Rupić","doi":"10.22190/fueo211224005b","DOIUrl":"https://doi.org/10.22190/fueo211224005b","url":null,"abstract":"Some balance sheet items are the result of judgments, including fair value estimates, so the relevant evidence is very complicated to collect by auditors, thus the risk of misstatements in financial statements is inevitably greater. The research objective of this paper is to: a) highlight the problems encountered by auditors from developing countries when auditing FV accounting estimates; b) identify the challenges that auditors from Serbia face in auditing FV accounting estimates; c) consider the possibility of adequately responding to these audit challenges in Serbia. The research confirmed that the problems of auditors in Serbia in the audit of FV estimates are generated by inefficient capital markets, and that they are primarily in the field of FV assessment which are connected to the impossibility of applying the market model and higher volatility of FV financial statements, as well as those in the field of auditing techniques used in providing assurance on the objectivity of FV assessments in various business activities, which requires additional training of auditors. Thus, the research confirmed the similarity of the problems in Serbia with the problems in the auditing FV estimates in developing countries.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"27 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72426910","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 IMPACT OF HUMAN CAPITAL VALUE ON HUMAN CAPITAL EFFICIENCY AND BUSINESS PERFORMANCE 人力资本价值对人力资本效率和企业绩效的影响

Facta Universitatis Series Economics and Organization Pub Date : 2022-08-22 DOI: 10.22190/fueo211118002v

Nemanja Veselinović, B. Krstić, Tamara Rađenović

{"title":"THE IMPACT OF HUMAN CAPITAL VALUE ON HUMAN CAPITAL EFFICIENCY AND BUSINESS PERFORMANCE","authors":"Nemanja Veselinović, B. Krstić, Tamara Rađenović","doi":"10.22190/fueo211118002v","DOIUrl":"https://doi.org/10.22190/fueo211118002v","url":null,"abstract":"In the knowledge economy era, human capital is a part of intellectual capital and a significant factor in enterprise competitiveness. The importance of human capital is often diminished due to the accounting expression of investments in human resources in the income statement as a cost (expenditure) component. This paper points to the fact that the cost of human resources is an investment that affects the growth of the business performance of an enterprise. Hence, the aim of this paper is to examine the impact of human capital value on human capital efficiency and business performance indicators, such as sales revenue (SR), earnings before interest and taxes (EBIT), and EBIT margin (EBITM). To examine this impact, empirical research is conducted on a sample of 24 companies with the highest brand value for the period 2012-2019. The regression analysis results show that sales revenue and EBIT grow by 0.77% and 1.1% respectively as human capital value grows by 1%. Additionally, findings reveal that the growth of the human capital value negatively affects the values of human capital efficiency indicators and EBIT margin in the sample of examined enterprises.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75421399","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: 2

HETEROGENEOUS DEPENDENCE OF OIL-FOOD PRICE DYNAMICS IN AFRICA'S NET OIL-EXPORTING COUNTRIES 非洲石油净出口国石油-粮食价格动态的异质性依赖

Facta Universitatis Series Economics and Organization Pub Date : 2022-08-22 DOI: 10.22190/fueo210920003o

J. Ogede, F. Ajayi

{"title":"HETEROGENEOUS DEPENDENCE OF OIL-FOOD PRICE DYNAMICS IN AFRICA'S NET OIL-EXPORTING COUNTRIES","authors":"J. Ogede, F. Ajayi","doi":"10.22190/fueo210920003o","DOIUrl":"https://doi.org/10.22190/fueo210920003o","url":null,"abstract":"The determinants of food prices have attracted sizeable debates among scholars over the last three decades. However, many of these studies ignore the possibility that the impact of oil prices on food prices could vary across the food price distribution. The paper employs a quantile regression technique to ascertain whether food prices respond to the potential heterogeneous impact of crude oil price changes in the six selected African net oil-exporting countries. The coefficient of negative oil price shocks in the panel OLS model is insignificant and positive at the 5% significance level. In contrast, the coefficient of positive oil price shocks significantly affects food prices for the chosen African countries. The quantile regression analysis's empirical findings highlight the diverse dependence effects of various ranges on food prices. All coefficients are non-significant across all quantiles for negative oil price shocks, a conclusion consistent with panel least squares estimate results. Besides, the findings prove that positive changes in oil prices significantly affect the magnitude of food prices in selected African countries. The article concludes that the influence of crude oil price variations on food prices is diverse and positive across quantiles for a subset of Africa's net oil-exporting countries. The findings of this study could have a crucial policy and economic implications for economic agents and stakeholders in diverse fiscal environments. As a result, economic agents must make timely decisions to respond to the effects of oil price uncertainty on Africa's food market.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"63 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84192377","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: 1

SELECTION OF SUPPLIERS IN THE SUPPLY CHAIN 供应链中供应商的选择

Facta Universitatis Series Economics and Organization Pub Date : 2022-08-22 DOI: 10.22190/fueo211025006m

Goran Milovanović, Jovana Milenović

{"title":"SELECTION OF SUPPLIERS IN THE SUPPLY CHAIN","authors":"Goran Milovanović, Jovana Milenović","doi":"10.22190/fueo211025006m","DOIUrl":"https://doi.org/10.22190/fueo211025006m","url":null,"abstract":"In recent decades, procurement has been defined as an integrated strategic business activity that aims to create high added value based on the focus company’s relationship in the supply chain with its suppliers. The selection of suppliers in the supply chain is a complex task that should be performed in a cost-effective manner, taking into account the numerous requirements of business practice. The optimal supplier choice affects not only the product quality but also the formation of its price. The right choice of suppliers leads to timely, continuous and quality production. The decision on the choice of a supplier is a multi-criteria problem. A large number of models and techniques are used to make such a decision. The paper develops a framework to support decision-making and criteria-based prioritization of suppliers. The aim of this paper is to present the elements and specifics of the application of the Analytic Hierarchy Process as one of the multi-criteria decision-making techniques and SpiceLogic Ration Will software package as well as their relevance for supplier selection. In addition, based on the analyzed literature, the paper indicates the criteria used when choosing a supplier. The obtained results show that supplier 1 is the most important among the analyzed suppliers. The application of the SpiceLogic software package is justified, as the proposed package provides a platform for manufacturers to better understand the capabilities that sustainable suppliers must have in order to continue working with them and successfully manage the supply chain.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"32 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84245304","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: 1

THE DRIVERS OF PRIVATE SECTOR INVESTMENT IN BOTSWANA: AN EXPLORATORY REVIEW 博茨瓦纳私营部门投资的驱动因素:一项探索性审查

Facta Universitatis Series Economics and Organization Pub Date : 2021-12-26 DOI: 10.22190/fueo210903033m

Glenda Maluleke, N. Odhiambo, S. Nyasha

{"title":"THE DRIVERS OF PRIVATE SECTOR INVESTMENT IN BOTSWANA: AN EXPLORATORY REVIEW","authors":"Glenda Maluleke, N. Odhiambo, S. Nyasha","doi":"10.22190/fueo210903033m","DOIUrl":"https://doi.org/10.22190/fueo210903033m","url":null,"abstract":"This paper reviews the drivers of investment by the private sector in Botswana for the period from 1980 to 2018. The paper discusses the investment policies that the government has adopted over the years, the incentives, as well as the institutions that have been established to promote private sector investment. The Botswana government’s economic development strategy is aimed at promoting economic growth through the private sector. Some of the key determinants of private investment, which have been analysed, include economic growth, public investment, credit to the private sector, gross domestic savings, trade openness, interest rates, inflation and foreign direct investment. Since the 1980s, the private sector investment has been fluctuating between 34.5 percent and 12.1 percent, with the highest level being recorded in 1980 and the lowest in 1996. The study shows that economic growth averaged 6.4 percent, public investment was 10.3 percent, credit to the private sector was 18.3 percent, gross domestic savings was 35.9, trade openness was 101.4 percent, interest rate was 3.6 percent, inflation was 8.9 percent and lastly, foreign direct investment was 2.6 percent during the study period.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"20 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82382940","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 POSSIBILITY OF USING DISTRIBUTED LEDGER TECHNOLOGIES AS PAYMENT INFRASTRUCTURE 使用分布式账本技术作为支付基础设施的可能性

Facta Universitatis Series Economics and Organization Pub Date : 2021-12-26 DOI: 10.22190/fueo210702032k

Z. Kostić, Nenad Tomić

{"title":"THE POSSIBILITY OF USING DISTRIBUTED LEDGER TECHNOLOGIES AS PAYMENT INFRASTRUCTURE","authors":"Z. Kostić, Nenad Tomić","doi":"10.22190/fueo210702032k","DOIUrl":"https://doi.org/10.22190/fueo210702032k","url":null,"abstract":"The Internet of Things represents a communication network that enables people to interact with things, machines and objects in the business and living environment. Adding the ability to perform transactions to the information component leads to the creation of the so-called Internet of Value. Modern payment processing mechanisms do not meet the needs of the Internet of Value. In order to achieve a fast and economical financial flow, it is necessary to overcome the fragmentation of traditional payment systems and adopt the organizational structure of the Internet. The subject of the paper is the characteristics of three distributed ledger technologies. The aim of this paper is to determine the possibility of their use in order to build a payment infrastructure for the realization of the Internet of Value concept. Although the issue of security of the new payment infrastructure is equally important, the paper will focus on three key performances of the observed distributed ledger technologies: costs, throughput and scalability. The qualitative analysis shows that none of the analyzed technologies in practice has adequate performance in terms of throughput and scalability. Most operational solutions, even in experimental conditions, achieve poorer results than theoretically predicted ones.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"2013 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86464470","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

INTERNAL REPORTING ON PROCESS OPTIMIZATION MEASURES: COMBINATION OF ECONOMIC AND ENVIRONMENTAL ASPECTS 过程优化措施的内部报告:经济和环境方面的结合

Facta Universitatis Series Economics and Organization Pub Date : 2021-12-26 DOI: 10.22190/fueo210622030g

Rudolf Grünbichler, Barbara Petschacher, René Kollmann, A. Passer, Stefan Otto Grbenic

引用次数: 0

NEW METHODOLOGY TO STUDY CONTAGION BETWEEN WESTERN AND EMERGING EUROPE: A SWITCHING COPULA APPROACH 研究西方与新兴欧洲之间传染的新方法:转换联结法

Facta Universitatis Series Economics and Organization Pub Date : 2021-12-26 DOI: 10.22190/fueo210718029r

Deyan Radev

引用次数: 0