Economic Horizons最新文献_第3页

The integrated application of the AHP and the DEA methods in evaluating the performances of higher education institutions in the Republic of Serbia 层次分析法和DEA方法在塞尔维亚共和国高等教育机构绩效评价中的综合应用

Economic Horizons Pub Date : 2016-04-01 DOI: 10.5937/ekonhor1601071M

Predrag Mimović, A. Krstić

{"title":"The integrated application of the AHP and the DEA methods in evaluating the performances of higher education institutions in the Republic of Serbia","authors":"Predrag Mimović, A. Krstić","doi":"10.5937/ekonhor1601071M","DOIUrl":"https://doi.org/10.5937/ekonhor1601071M","url":null,"abstract":"The measurement and evaluation of performance are critical for the efficient and effective functioning of the economic system, because this allows for the analysis of the extent to which the defined objectives are achieved. Organizational performance is measured by different methods, both quantitative and qualitative. Many of the known methods for the evaluation and measurement of organizational performance take into account only financial indicators, while ignoring the non-financial ones. The integration of both indicators, through the combined application of multiple methods and the comparison of their results, should provide a more complete and objective picture of organizational performance. The Analytic Hierarchy Process (AHP) is a formal framework for solving complex decision-making problems, as well as a systemic procedure for the hierarchical presentation of the problem elements. The Data Envelopment Analysis (DEA) is a non- parametric approach based on linear programming, which allows for the calculation of the efficiency of decision-making units within a group of organizations. The work is an illustration of the method and framework of the combined use of the multi-criteria analysis methods for the measurement and evaluation of the performance of higher education institutions in the Republic of Serbia. The advantages of this approach are reflected in overcoming the shortcomings of a partial application of the AHP and the DEA methods by utilizing a new, hybrid, DEAHP (Data Envelopment Analytic Hierarchy Process) method. Performance evaluation through an integrated application of the AHP and the DEA methods provides more objective results and more reliable solutions to the observed problem, thus creating a valuable information base for high-quality strategic decision making in higher education institutions, both at the national level and at the level of individual institutions.","PeriodicalId":52337,"journal":{"name":"Economic Horizons","volume":"53 1","pages":"71-85"},"PeriodicalIF":0.0,"publicationDate":"2016-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84701575","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: 10

Risk Management and Corporate Value 风险管理与企业价值

Economic Horizons Pub Date : 2015-12-25 DOI: 10.5937/EKONHOR1503219C

Milan Čupić

引用次数: 6

Gillman M: Advanced modern macroeconomics: Analysis and application, Prentice Hall, Financial Times, England: Pearson Education Limited, 2011 《先进现代宏观经济学:分析与应用》，《金融时报》，英国:皮尔森教育有限公司，2011年

Economic Horizons Pub Date : 2015-12-01 DOI: 10.5937/EKONHOR1503233L

Nemanja Lojanica

引用次数: 1

Corporate entrepreneurship, organizational learning and knowledge implementation 企业创业、组织学习与知识实施

Economic Horizons Pub Date : 2015-12-01 DOI: 10.5937/ekonhor1503203e

Jelena Erić-Nielsen

{"title":"Corporate entrepreneurship, organizational learning and knowledge implementation","authors":"Jelena Erić-Nielsen","doi":"10.5937/ekonhor1503203e","DOIUrl":"https://doi.org/10.5937/ekonhor1503203e","url":null,"abstract":"The main research purpose in this paper is to perform an in-depth analysis of the relationships between corporate entrepreneurship, organizational learning and knowledge, the topic mostly neglected by academicians so far. The main research objective is to conduct a comprehensive analysis and make a step forward in understanding the nature of interdependencies, expand the knowledge base and offer a more profound answer to the dilemma of how to make an organization more innovative and flexible, by using the internal cognitive potential. Qualitative research incorporates a descriptive study, a comparison and an innovative interpretation of the relevant scientific achievements. The main result indicates that the knowledge implementation results in various forms of corporate entrepreneurship, more specifically the application of technical knowledge, lead to product lines extension, the integrative initiating of a new platform development and the exploitative creating of a new business venture. Knowledge is not only a result of organizational learning and corporate entrepreneurship, but also the trigger of future entrepreneurial activities. The research implications refer to the improved contemplation of the corporate entrepreneurship concept from a theoretical standpoint, while the practical contribution lies in providing recommendations to managers on how to stimulate specific types of entrepreneurial initiatives through corresponding approaches to organizational learning and knowledge. Finally, the potential avenue of research is indicated in relation to entrepreneurship as a learning process.","PeriodicalId":52337,"journal":{"name":"Economic Horizons","volume":"87 1","pages":"203-217"},"PeriodicalIF":0.0,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79379889","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: 13

The detection and prevention of manipulations in the balance sheet and the cash flow statement 发现和防止资产负债表和现金流量表中的操纵行为

Economic Horizons Pub Date : 2015-08-01 DOI: 10.5937/EKONHOR1502137D

D. Dimitrijevic

引用次数: 14

Hill, C. W. L.: International business: Competing in the global marketplace, McGraw-Hill Education, Maidenhead, Berkshire, UK, 2014 希尔，c.w.l:《国际商业:在全球市场中的竞争》，麦格劳-希尔教育，英国，2014

Economic Horizons Pub Date : 2015-04-01 DOI: 10.5937/EKONHOR1501073G

Jovana Golo

引用次数: 4

Circular economy development phase research based on the IPAT equation: The case of Shaanxi 基于IPAT方程的循环经济发展阶段研究——以陕西为例

Economic Horizons Pub Date : 2015-04-01 DOI: 10.5937/EKONHOR1501033Y

Fang Ying, Zhao Wen-ping

引用次数: 12

Determinants of economic (in)equality and its implications for sustainable economic development 经济(不)平等的决定因素及其对可持续经济发展的影响

Economic Horizons Pub Date : 2015-04-01 DOI: 10.5937/EKONHOR1502081L

Vlastimir Leković

引用次数: 3

Practices of performance measurement in companies in the Republic of Serbia 塞尔维亚共和国公司绩效评估的实践

Economic Horizons Pub Date : 2015-04-01 DOI: 10.5937/EKONHOR1501045T

M. Todorović, Djordje Kalicanin, Aleksandra Nojković

{"title":"Practices of performance measurement in companies in the Republic of Serbia","authors":"M. Todorović, Djordje Kalicanin, Aleksandra Nojković","doi":"10.5937/EKONHOR1501045T","DOIUrl":"https://doi.org/10.5937/EKONHOR1501045T","url":null,"abstract":"large number of acronyms which indicate different performance metrics, such as EBIT (Earnings Before Interest And Taxes), EBITDA (Earnings Before Interest, Taxes, Depreciation, And Amortization), ROIC (Return On Invested Capital), NPV (Net Present Value), EVA (Economic Value Added), IRR (Internal Rate Of Return), ROE (Return On Equity), ROA (Return On Assets) etc. are in use nowadays. In practice, managers cannot and do not want to apply all of these metrics and managers' choice does not necessarily rely on what theory emphasizes as their advantages and disadvantages. We surveyed 64 CFOs in order to explore the corporate practice in the Republic of Serbia. The DCF-based capital budgeting metrics are dominant compared to the traditional metrics, and the one that is used the most is the profitability index, only to be followed by the IRR and the NPV. The Payback Period is yet frequently used. The earnings based corporate performance metrics are still the most important. However, the presence of EVA and the balanced scorecard is not negligible. Large companies use them significantly more than small companies. The orientation towards EVA and the balanced scorecard increases with the internationalization of a firm as well. Finally, companies using sophisticated capital budgeting metrics are prone to using sophisticated corporate performance metrics.","PeriodicalId":52337,"journal":{"name":"Economic Horizons","volume":"554 1","pages":"45-59"},"PeriodicalIF":0.0,"publicationDate":"2015-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86997066","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: 6

On the audit of fair value measurements 论公允价值计量的审计

Economic Horizons Pub Date : 2015-04-01 DOI: 10.5937/EKONHOR1501061S

J. Singh, Prince Doliya

{"title":"On the audit of fair value measurements","authors":"J. Singh, Prince Doliya","doi":"10.5937/EKONHOR1501061S","DOIUrl":"https://doi.org/10.5937/EKONHOR1501061S","url":null,"abstract":"The importance of the „audit” function in the corporate regulatory framework has monotonically been increasing in the last decade along with the gradual adoption of the Fair Value Accounting (FVA) by accounting regulators across the world. In this revolutionized environment, the auditor’s functional domain, his approach, methodology and the nature of his responsibilities have all been undergoing a metamorphosis. The auditor’s role is moving away from a conventional, mechanized att ester of tangible evidence to the one that exercises an exceedingly judgmental function in a holistic assessment of (sometimes highly subjective) substantiation of the values ascribed to be fair by the entity’s management. Resourceful audit fi rms do have organized training and development mechanisms set in place for their staff to ensure that such staff remain adequately educated and technically equipped in the contemporary aspects of the profession. Nevertheless, the incessant development of complex and innovative fi nancial instruments and novel business practices demanding an application of innovative valuation models and assumptions present an unrelenting challenge (Martin, Rich & Wilks, 2006, 287; Smith-Lacroix, Durocher & Gendron, 2012, 36). ON THE AUDIT OF FAIR VALUE MEASUREMENTS","PeriodicalId":52337,"journal":{"name":"Economic Horizons","volume":"22 1","pages":"59-69"},"PeriodicalIF":0.0,"publicationDate":"2015-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75038844","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: 10