Facta Universitatis, Series: Economics and Organization最新文献

HEIR APPARENT PREPAREDNESS AND SELECTED FAMILY BUSINESS SUSTAINABILITY IN LAGOS STATE NIGERIA 尼日利亚拉各斯州继承人的准备情况和选定家族企业的可持续性

Facta Universitatis, Series: Economics and Organization Pub Date : 2024-05-13 DOI: 10.22190/fueo230727004o

Olufemi Olabode Olayemi, Taofeek Olalekan Gbadamosi

{"title":"HEIR APPARENT PREPAREDNESS AND SELECTED FAMILY BUSINESS SUSTAINABILITY IN LAGOS STATE NIGERIA","authors":"Olufemi Olabode Olayemi, Taofeek Olalekan Gbadamosi","doi":"10.22190/fueo230727004o","DOIUrl":"https://doi.org/10.22190/fueo230727004o","url":null,"abstract":"Family-owned businesses are extremely important to Nigeria's economy, creating jobs, generating income, and helping the country's GDP increase. However, the Heir Apparent's readiness to take on leadership responsibilities poses a threat to their sustainability. Myriads of research on family businesses and their sustainability exist, but little of it has looked at heir apparent as a factor of sustainability. By analyzing the relationship between heir apparent preparedness and the sustainability of selected family-owned firms in Lagos State, Nigeria, this study seeks to bridge the gap in literature. Drawing on a deductive methodology, the study employs a cross-sectional survey to gather quantitative data. Responses from 388 family-owned enterprises were obtained using a questionnaire. Data were analyzed by applying SPSS package, version 25. The findings reveal significant positive relationships between Heir Apparent Level of Education, Heir Apparent Experience, and Quality of Mentorship Received by Heir Apparent, and their joint effect with family business sustainability. It was thereby concluded that heir apparent level of preparedness impacts the sustainability of family businesses in Lagos State. The study recommends prioritizing formal education, providing diverse experiential learning opportunities, and establishing strong mentorship programs to enhance family business sustainability.","PeriodicalId":508950,"journal":{"name":"Facta Universitatis, Series: Economics and Organization","volume":" 30","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141128504","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 ARTIFICIAL INTELLIGENCE IN THE DEVELOPMENT OF THE COMPANY'S BUSINESS PROCESSES 人工智能在公司业务流程发展中的作用

Facta Universitatis, Series: Economics and Organization Pub Date : 2024-05-13 DOI: 10.22190/fueo231206003k

Anton Kvitka, Dmytro Sosnin, Yuliia Kvitka, Kateryna Andreieva

{"title":"THE ROLE OF ARTIFICIAL INTELLIGENCE IN THE DEVELOPMENT OF THE COMPANY'S BUSINESS PROCESSES","authors":"Anton Kvitka, Dmytro Sosnin, Yuliia Kvitka, Kateryna Andreieva","doi":"10.22190/fueo231206003k","DOIUrl":"https://doi.org/10.22190/fueo231206003k","url":null,"abstract":"Doing business in the conditions of globalization and rapid changes requires from entrepreneurs constant development and adaptation, search for new ideas and use of advanced technologies. Active competition and functioning in conditions of uncertainty require the formation of new competitive advantages, effective management of business processes and digital awareness. The aim of the paper is the systematization of the key approaches to implementation of artificial intelligence in business processes of the company and assessment of its influence on business results Empirical research uses quantitative methodology. Secondary data is collected from surveys and reports of leading world consulting companies. Within the framework of the research, the essence and key directions of artificial intelligence development were studied. Analysis of the use of artificial intelligence in company’s business processes was conducted. The positive cases of artificial intelligence implementation were considered, the influence of AI solutions on the development of modern organizations was determined. Advantages and disadvantages of AI solutions for business were considered.","PeriodicalId":508950,"journal":{"name":"Facta Universitatis, Series: Economics and Organization","volume":" 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141128540","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

WORKING CAPITAL AND TAX PAYABLE: ANALYSIS OF INTERRELATIONSHIP IN MANUFACTURING COMPANIES 营运资本与应付税款：制造业公司的相互关系分析

Facta Universitatis, Series: Economics and Organization Pub Date : 2024-05-13 DOI: 10.22190/fueo230211002a

T. A. Adegbite, S. J. Inyada

{"title":"WORKING CAPITAL AND TAX PAYABLE: ANALYSIS OF INTERRELATIONSHIP IN MANUFACTURING COMPANIES","authors":"T. A. Adegbite, S. J. Inyada","doi":"10.22190/fueo230211002a","DOIUrl":"https://doi.org/10.22190/fueo230211002a","url":null,"abstract":"Most of the manufacturing firms are blamed for the inability to fulfill their obligations to the government on working capital inadequacy and ineffective plan, control and monitoring which led to business failures, and profitability reduction which invariably reduced tax payable to the government in the past. To this effect, therefore, this study examined working capital effect on tax payable in Nigeria manufacturing companies. Ten manufacturing companies were selected from listed manufacturing companies in the Nigeria stock exchange jurisdiction from 2010 to 2022. The data sourced were: receivable, inventory, payable, profit before tax, and the firm size (the net asset of the companies) from published annual financial statement from 2010 to 2022. After the data arrangement, we employed panel data analysis to gauge working capital effect on tax payable in Nigerian manufacturing companies. We conducted unit root test (Panel) to examine the stationary of the variables. Pearson correlation, panel regression analysis, Feasible Generalized Least Squares (FGLS), and other post estimation tests like autocorrelation, heteroskedasticity test, and Hausman test was also launched to gauge the model suitability between random and fixed effect while Breusch – Pagan LM was further launched to select between random and Pooled OLS. The outcome shows that receivable, inventory, and payable are favourably significant to TAXPAB which ultimately divulges the significance of working capital components on tax payable. Conclusively, working capital significantly, statistically and progressively influences tax payable in Nigeria manufacturing companies. We further recommended that more efforts should be expended by manufacturing companies to effectively utilize their working capital in their custody because a goodexploitation of working capital enhances company’s profitability and augments the strength for markets competitiveness, firm value, and shareholders’ wealth.","PeriodicalId":508950,"journal":{"name":"Facta Universitatis, Series: Economics and Organization","volume":" 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141128607","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

LIQUIDITY-PROFITABILITY DYNAMICS: IS THE BANKING INDUSTRY RESILIENT IN TIMES OF CRISIS? 流动性-盈利能力动态：银行业在危机时期是否有弹性？

Facta Universitatis, Series: Economics and Organization Pub Date : 2024-02-22 DOI: 10.22190/fueo231129001s

Dusica Stevcevska-Srbinoska, Verica Gjelevska

{"title":"LIQUIDITY-PROFITABILITY DYNAMICS: IS THE BANKING INDUSTRY RESILIENT IN TIMES OF CRISIS?","authors":"Dusica Stevcevska-Srbinoska, Verica Gjelevska","doi":"10.22190/fueo231129001s","DOIUrl":"https://doi.org/10.22190/fueo231129001s","url":null,"abstract":"The banking industry contributes to the economic expansion since it is considered the keeper and supplier of liquid capital, essential for all commercial and industrial activity. The primary goal of commercial banks is to generate profits while serving clients and maintaining liquidity positions. Hence, this study aims to examine and evaluate the relationship between liquidity (measured through the Liquid assets and Liquid assets to short-term liabilities ratio) and profitability (measured through ROA and ROE) position of the commercial banking system in North Macedonia and Serbia in order to determine whether changes in liquidity levels influence profitability. Since the ten-year examination period (2012-2021) includes the emergence of the Coronavirus global health pandemic, additional tests were conducted to find out whether the sanitary crisis caused changes in the liquidity-profitability dynamics.By employing descriptive, correlation and regression analysis, and observing two sub-periods (2010-2019 vs 2020-2021), we infer changes in the liquidity-profitability positions in times of crisis in both countries. These findings reinvigorate the knowledge on liquidity and profitability performance in times of instability as this is a pioneer study in evaluating the pandemic impact on liquidity and performance using empirics in these two markets. Furthermore, by scrutinizing the interrelationship between liquidity and profitability, the findings reveal that associations are time-dependent, with policy implications for banks and financial industry regulators.","PeriodicalId":508950,"journal":{"name":"Facta Universitatis, Series: Economics and Organization","volume":"70 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140439193","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

SOME CHALLENGES IN THE CONSOLIDATION OF UNREALIZED INTRA-GROUP PROFITS AND LOSSES 合并未实现的集团内部损益方面的一些挑战

Facta Universitatis, Series: Economics and Organization Pub Date : 2023-12-05 DOI: 10.22190/fueo230706014s

Vojislav Sekerez, D. Spasić

引用次数: 0

TRENDS AND PERSPECTIVES IN CRYPTOCURRENCIES RECOGNITION ACCORDING TO INTERNATIONAL ACCOUNTING REGULATION 根据国际会计法规确认加密货币的趋势和前景

Facta Universitatis, Series: Economics and Organization Pub Date : 2023-12-05 DOI: 10.22190/fueo230809015m

Sunčica Milutinović, D. Dimitrijevic

引用次数: 0

TESTING MARKET EFFICIENCY: THE ROAD TO INTRINSIC VALUATION 检验市场效率：通往内在估值之路

Facta Universitatis, Series: Economics and Organization Pub Date : 2023-12-05 DOI: 10.22190/fueo230717011g

Nenad Gajić, Vanja Grozdić, Jelena Demko-Rihter, Jarmila Duháček Šebestová

引用次数: 0

DIGITAL TECHNOLOGIES IN LOGISTICS AND SUPPLY CHAIN MANAGEMENT 物流和供应链管理中的数字技术

Facta Universitatis, Series: Economics and Organization Pub Date : 2023-12-05 DOI: 10.22190/fueo230517012r

Volodymyr B. Rodchenko, Yuliia Prus

{"title":"DIGITAL TECHNOLOGIES IN LOGISTICS AND SUPPLY CHAIN MANAGEMENT","authors":"Volodymyr B. Rodchenko, Yuliia Prus","doi":"10.22190/fueo230517012r","DOIUrl":"https://doi.org/10.22190/fueo230517012r","url":null,"abstract":"The aim of the research is to summarize current trends in the use of digital technologies in logistics and supply chain management, to study the nature of their impact on the development of the logistics system of an economic entity. The article summarizes the main trends in the digitalization of supply chains and logistics in trade and industry. The methodical aspects of digital transformation of supply chains were considered. It is established that the emphasis in the organization and management of supply chains has shifted towards the transformation of traditional chains into the space of the digital economy. The article identifies promising areas and challenges for the use of digital technologies in logistics and supply chain management: the Internet of Things, blockchain, cloud services, augmented reality, robots, drones, and 3D printing. The trends in the development of digital technologies are explored, as their integration into global supply chains can accelerate, simplify and reduce the cost of the supply process at almost all stages. Digital technologies that improve the process of goods movement in supply chains are presented in the article in terms of logistics in the context of managing the relevant flows: material, information, financial, service. The state of development of cooperation between the main types of economic activities that produce technological and digital technologies and types of economic activities that provide logistics and supply management in the European Union was assessed.","PeriodicalId":508950,"journal":{"name":"Facta Universitatis, Series: Economics and Organization","volume":"10 3-4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139186684","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

ENTREPRENEURIAL ECOSYSTEM OF AGRICULTURAL SOCIAL FRANCHISING 农业社会特许经营的创业生态系统

Facta Universitatis, Series: Economics and Organization Pub Date : 2023-12-05 DOI: 10.22190/fueo230904013s

Suzana Stefanović, Milica Stanković

{"title":"ENTREPRENEURIAL ECOSYSTEM OF AGRICULTURAL SOCIAL FRANCHISING","authors":"Suzana Stefanović, Milica Stanković","doi":"10.22190/fueo230904013s","DOIUrl":"https://doi.org/10.22190/fueo230904013s","url":null,"abstract":"Although the implementation of the social franchising concept is relatively new in agricultural business, examples of successful business stories have recently appeared, especially in the underdeveloped countries of Asia, Africa and South America. The aim of the paper is to determine the best examples of entrepreneurial ecosystems of agricultural social franchising by applying a qualitative multiple case study analysis and point out the importance of the implementation of agricultural social franchising in the development of agribusiness in the Republic of Serbia. The experiences of analyzed social agricultural franchises from Kenya, Bangladesh and Nigeria can serve as an example of good practice for the development of social franchising in rural areas in Serbia, with the aim of developing productive agriculture that will lead to economic development. It is very important to enable the development of social agricultural franchising through the Strategy of agriculture and rural development, bearing in mind a number of benefits that can be realized in Serbian agriculture, primarily when it comes to the development of rural areas and the increase in the income and social welfare of farmers.","PeriodicalId":508950,"journal":{"name":"Facta Universitatis, Series: Economics and Organization","volume":"30 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139186308","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

TRADITION AND CULTURE AS THE BASE FOR THE TOURISM PRODUCT: CASE OF UNESCO INTANGIBLE HERITAGE 传统和文化是旅游产品的基础：教科文组织非物质遗产案例

Facta Universitatis, Series: Economics and Organization Pub Date : 2023-11-12 DOI: 10.22190/fueo230130007p

Danijela Pantović, Drago Cvijanović, G. Cvijanović, Ljiljana Šobić

引用次数: 0