4th INTERNATIONAL CONFERENCE ON GOVERNANCE AND STRATEGIC MANAGEMENT "ICGSM"
4th INTERNATIONAL CONFERENCE ON GOVERNANCE AND STRATEGIC MANAGEMENT "ICGSM"
The circular Economy. BFU. Burgas, 11 - 12 may 2017
Contributor(s): Milen Baltov (Editor), Lina Anastasova (Editor), Gergana Nikolova (Editor), Atanas Luizov (Editor)
Subject(s): Economy, National Economy, Business Economy / Management, Financial Markets, Public Finances, Marketing / Advertising, Business Ethics, Socio-Economic Research
Published by: Бургаски свободен университет
Keywords: Economy; Business Economy; Management; Business Ethics; Financial Markets; Marketing; National Economy
Summary/Abstract: The conference proceedings “ 4th INTERNATIONAL CONFERENCE ON GOVERNANCE AND STRATEGIC MANAGEMENT “ICGSM” are a collection of the papers presented by the lecturers and PhD students – participants in the 4-th International Conference on Governance and Strategic Management (ICGSM).
- Print-ISBN-13: 978-619-7126-39-6
- Page Count: 355
- Publication Year: 2017
- Language: English
THE EFFECTS OF CORPORATE GOVERNANCE ON PERFORMANCE OF FEDERAL STATUTORY BODIES IN MALAYSIA
THE EFFECTS OF CORPORATE GOVERNANCE ON PERFORMANCE OF FEDERAL STATUTORY BODIES IN MALAYSIA
(THE EFFECTS OF CORPORATE GOVERNANCE ON PERFORMANCE OF FEDERAL STATUTORY BODIES IN MALAYSIA)
- Author(s):Hj Ali Rahman
- Language:English
- Subject(s):Economy, National Economy, Business Economy / Management, Human Resources in Economy
- Page Range:2-27
- No. of Pages:25
- Keywords:Corporate Governance (CG); Effects of CG on Performance; Federal Statutory Bodies; Malaysia
- Summary/Abstract:This study securitized the effects of corporate governance (CG) on performance of Federal Statutory Bodies (FSB) in Malaysia. Various static approaches have been used such as Pooled OLS, Fixed Effect and Random Effect to analyze cross sectional time series data over the year of 2009 to 2013 for 51 FSB. . The study found a strong evidence of significant positive effects of Corporate Governance, including Internal and External Governance mechanism on financial and non-financial performance: Key Result Areas (KRA); Accountability Index (AI) and Return On Equity (ROE). It is therefore recommended that the Malaysian public sector agencies should enhance good corporate governance practices in order to accelerate their performance.
DO COMPANIES HAVE TO BE SELFISH TO BE COMPETITIVE IN THE MARKET? BUSINESS STRATEGY ON A VALUES-BASED APPROACH IN THE CIRCULAR ECONOMY
DO COMPANIES HAVE TO BE SELFISH TO BE COMPETITIVE IN THE MARKET? BUSINESS STRATEGY ON A VALUES-BASED APPROACH IN THE CIRCULAR ECONOMY
(DO COMPANIES HAVE TO BE SELFISH TO BE COMPETITIVE IN THE MARKET? BUSINESS STRATEGY ON A VALUES-BASED APPROACH IN THE CIRCULAR ЕCONOMY)
- Author(s):Emin Akcaoglu
- Language:English
- Subject(s):Economy, Business Economy / Management, Marketing / Advertising
- Page Range:28-41
- No. of Pages:14
- Keywords:Strategic management; business ethics; sustainability; corporate social responsibility; circular economy; Mittelstand; SMEs
- Summary/Abstract:The world has been struggling with an economic crisis since 2007 in general. Next to the economic crisis based on diminishing growth andemployment, the world economy has also been facing nprecedentedenvironmental and social problems. The current state of the world economy isdirectly connected to the orthodox Neoclassical Economic Theory which hasbeen claiming that businesses are only profit making and all economic agentsincluding company owners and managers must be acting only for their veryown wealth maximisation. This is very well reflected in ‘the shareholders’wealth maximisation’ approach of the Anglo-American stock-market-basedeconomic system. Therefore, the Neoclassical Model provides its legitimacyto such actions caused environmental and social problems such as globalwarming and huge income discrepancies. However, recently new conceptssuch as ‘circular economy’ have also been introduced and widely accepted bysensible companies and governments. In addition, new discussions have alsogained a momentum in the public scene regarding ‘sustainability of business’. In this paper a simple conceptual framework is introduced to integratestrategic management, ethics or moral values with business sustainability inthe new circular economy with a special focus on the German SMEs sector (Mittelstand) to reflect the practical examples of sustainable and thicalapproaches to business. This is important and interesting since the Germaneconomy has been doing the best among other European countries in thecurrent economic crisis
FROM COUNTRY BRANDING TO COMPETITIVE IDENTITY – AND EVEN FURTHER
FROM COUNTRY BRANDING TO COMPETITIVE IDENTITY – AND EVEN FURTHER
(FROM COUNTRY BRANDING TO COMPETITIVE IDENTITY – AND EVEN FURTHER)
- Author(s):Árpád Papp-Váry
- Language:English
- Subject(s):Economy, Marketing / Advertising
- Page Range:42-61
- No. of Pages:20
- Keywords:Country branding; country image; strategic marketing; strategic management
- Summary/Abstract:In recent years, country image centres and country brand councils have been created all over the world, because countries noticed that a better country brand may result in moretourists, stimulate foreign investment, and strengthen export. At the same time, the competition of countries is becoming more intense.
THE FUTURE AND DYNAMIC STRATEGIES
THE FUTURE AND DYNAMIC STRATEGIES
(THE FUTURE AND DYNAMIC STRATEGIES)
- Author(s):Carlos Grau Algueró
- Language:English
- Subject(s):Economy, Business Economy / Management, Human Resources in Economy
- Page Range:62-98
- No. of Pages:37
- Keywords:Straregic analysis; SWOT
- Summary/Abstract:Straregic analysis studies general and competitive environment, who gives a SWOT matrix which allows make strategic decisions based on relationship between Treats, Opportunities and Strong, Weaknesses. But these decisions making process could promote investments with long term return, without considering future of this long term in treats and opportunities. This work try to associate the environment classic analysis with prospective analysis, were different assumptions of relationship between variables set up several scenarios who promote a set of new dynamic strategies.
EMPLOYEE INVOLVEMENT CULTURE OF PUBLIC ENTERPRISES NEPAL
EMPLOYEE INVOLVEMENT CULTURE OF PUBLIC ENTERPRISES NEPAL
(EMPLOYEE INVOLVEMENT CULTURE OF PUBLIC ENTERPRISES NEPAL)
- Author(s):Daya Raj Dhakal, Milen Baltov
- Language:English
- Subject(s):Economy, National Economy
- Page Range:99-110
- No. of Pages:12
- Keywords:enterprises; government; statistical
- Summary/Abstract:Public enterprises are directly relates to the interest of public there for e smooth operation of PEs is concern of government. Current performance of PEs are not good which creates financial burden to the government. Several literature explained employee involvement culture affects organizational performance.
CULTURAL ATTRIBUTES OF BULGARIAN MANAGEMENT
CULTURAL ATTRIBUTES OF BULGARIAN MANAGEMENT
(CULTURAL ATTRIBUTES OF BULGARIAN MANAGEMENT)
- Author(s):Mariya Bobina, Diana Sabotinova
- Language:English
- Subject(s):Economy, Business Economy / Management
- Page Range:111-138
- No. of Pages:28
- Keywords:Bulgaria; cultural distance; GLOBE
- Summary/Abstract:The paper displays the cultural profile of Bulgarian management and responds to the gaps in comparative studies by positioning Bulgaria in cross-cultural space. The study is based on the survey of Bulgarian managers (2014) per the GLOBE methodology and on culture distance (friction) measures for Bulgaria relative 57 countries/societal cultures. It highlights the behavior-tied profile that is low on Uncertainty Avoidance, Performance and Future Orientation , visible Collectivism and high Gender Egalitarianism; and the values-tied profile that is compatible with all-countries average scores with slightly higher indicators of Collectivism, Assertiveness, and Uncertainty Avoidance. This research distinguishes between countries that display cultural proximity to Bulgaria (East European, Latin Europe, Latin American clusters) and those with greater distance (Germanic, Asian Nordic, Middle Eastern clusters).
CONVERGENCE OF FINANCIAL AND MANAGEMENT ACCOUNTING IN THE CONTEXT OF COMPANIES’ INTEGRATED REPORTING
CONVERGENCE OF FINANCIAL AND MANAGEMENT ACCOUNTING IN THE CONTEXT OF COMPANIES’ INTEGRATED REPORTING
(CONVERGENCE OF FINANCIAL AND MANAGEMENT ACCOUNTING IN THE CONTEXT OF COMPANIES’ INTEGRATED REPORTING)
- Author(s):Eleonora Petrova Stancheva-Todorova, Iliyana Ankova Stoyanova
- Language:English
- Subject(s):Economy, Business Economy / Management, Financial Markets
- Page Range:139-154
- No. of Pages:16
- Keywords:financial; management; information links
- Summary/Abstract:Integrated reporting, considered by specialists as the corporate reporting of the future, influences financial and management accounting and enriches the traditional information links between them. The objective of this paper is to prove that the information links and interactions traditionally existing between the financial and management accounting systems will be kept and enriched in a situation of the entities' integrated reporting. The existing relationships and interactions between the two accounting systems in the context of International Financial Reporting Standards (IFRSs) will be taken into account, as well as their development, triggered off by this new form of accountability.
ABOUT SOME CONTROVERSIAL QUESTIONS REGARDING THE NON-FINANCIAL INFORMATION IN THE ANNUAL FINANCIAL STATEMENT (IN THE CONTEXT OF THE CIRCULAR ECONOMY)
ABOUT SOME CONTROVERSIAL QUESTIONS REGARDING THE NON-FINANCIAL INFORMATION IN THE ANNUAL FINANCIAL STATEMENT (IN THE CONTEXT OF THE CIRCULAR ECONOMY)
(ABOUT SOME CONTROVERSIAL QUESTIONS REGARDING THE NON-FINANCIAL INFORMATION IN THE ANNUAL FINANCIAL STATEMENT (IN THE CONTEXT OF THE CIRCULAR ECONOMY))
- Author(s):Gergana Nikolova
- Language:English
- Subject(s):Economy, Financial Markets, Public Finances
- Page Range:155-170
- No. of Pages:16
- Keywords:Non-financial information in the Annual Financial Statement; controversial questions
- Summary/Abstract:The topic of the study is set in the aspect of: the increasing needs of the users of financial and non-financial information in the Annual Financial Statement; legislative changes for disclosure of the non-financial informationin the AFS in force since 1st January 2017; the lack of experience in Bulgaria for disclosure of non-financial information and the search for good practicesin other countries where they exist and are developed.
TECHNOLOGICAL INNOVATIONS AND NATIONAL ECONOMIC IDENTITY
TECHNOLOGICAL INNOVATIONS AND NATIONAL ECONOMIC IDENTITY
(TECHNOLOGICAL INNOVATIONS AND NATIONAL ECONOMIC IDENTITY)
- Author(s):Iryna Viktorovna Boiko
- Language:English
- Subject(s):Economy, Business Economy / Management, Electronic information storage and retrieval
- Page Range:171-181
- No. of Pages:11
- Keywords:innovations; commercial needs
- Summary/Abstract:Technological innovations represents new technologies, created in the R&D institutions and implemented (absorbed) by private companies for meeting explicitly identified commercial needs
MARKETING INNOVATIONS IN THE SMES IN BULGARIA AND ICELAND
MARKETING INNOVATIONS IN THE SMES IN BULGARIA AND ICELAND
(MARKETING INNOVATIONS IN THE SMES IN BULGARIA AND ICELAND)
- Author(s):Lina Anastassova, Atanas Luizov
- Language:English
- Subject(s):Economy, Business Economy / Management, Marketing / Advertising
- Page Range:182-197
- No. of Pages:16
- Keywords:Bulgaria; the European Union; innovation; companies
- Summary/Abstract:According to the World bank data, Bulgaria has one of the lowest levels of productivity in the European Union (large expenditure of resources, low cost efficiency etc.) and one of the reasons for this state is the weak innovation activity of the Bulgarian companies
WHEN HIGHER EDUCATIONAL ATTAINMENT HARMS GROWTH
WHEN HIGHER EDUCATIONAL ATTAINMENT HARMS GROWTH
(WHEN HIGHER EDUCATIONAL ATTAINMENT HARMS GROWTH)
- Author(s):Mariya Neycheva
- Language:English
- Subject(s):Economy, Education, Business Economy / Management
- Page Range:198-206
- No. of Pages:9
- Keywords:education; market
- Summary/Abstract:This paper presents a summary of results of a study which investigates the reasons behind the negative link between higher educational attainment of the labor force and the rate of real growth observed in some economies. It tries to explain that pattern in light of the labor market channel and the existence of vertical qualification mis match specifically.
EMPIRICAL RESEARCH ON THE RISKS AT THE STAGE OF DESIGN OF THE INNOVATION PROCESS CONDUCTED IN BULGARIA
EMPIRICAL RESEARCH ON THE RISKS AT THE STAGE OF DESIGN OF THE INNOVATION PROCESS CONDUCTED IN BULGARIA
(EMPIRICAL RESEARCH ON THE RISKS AT THE STAGE OF DESIGN OF THE INNOVATION PROCESS CONDUCTED IN BULGARIA)
- Author(s):Milena Kirova
- Language:English
- Subject(s):Economy, ICT Information and Communications Technologies
- Page Range:207-224
- No. of Pages:18
- Keywords:literature; innovation
- Summary/Abstract:The design of the innovation is hardly reviewed in the literature which provokes the interest in defining the possible risks at this stage of the innovation process, their methodological justification and an empirical research
ROLE OF FINANCIAL EDUCATION ACTIVITIES TOWARDS INVESTMENT DECISIONS IN AN EMERGING COUNTRY OF PAKISTAN
ROLE OF FINANCIAL EDUCATION ACTIVITIES TOWARDS INVESTMENT DECISIONS IN AN EMERGING COUNTRY OF PAKISTAN
(ROLE OF FINANCIAL EDUCATION ACTIVITIES TOWARDS INVESTMENT DECISIONS IN AN EMERGING COUNTRY OF PAKISTAN)
- Author(s):Milen Baltov, Muhammad Husnain
- Language:English
- Subject(s):Economy, National Economy
- Page Range:225-234
- No. of Pages:10
- Keywords:Personal Finance; Financial Literacy; Investment Decisions; Pakistan
- Summary/Abstract:Asset allocation is an investment strategy that aims to balance risk and reward by apportioning a portfolio's assets according to an individual's goals, risk tolerance and investment horizon. There is no simple formula that can find the right asset allocation forevery individual.
SOLVENCY II - RISK ASSESSMENT AND ACCOUNTING
SOLVENCY II - RISK ASSESSMENT AND ACCOUNTING
(SOLVENCY II - RISK ASSESSMENT AND ACCOUNTING)
- Author(s):Nadya Velinova-Sokolova
- Language:English
- Subject(s):Economy, National Economy
- Page Range:235-248
- No. of Pages:14
- Keywords:Solvency II; Risk; Insurance company; Accounting in Insurance Companies
- Summary/Abstract:Solvency II is a new risk-based framework for setting the capital requirements of European insurance companies, in force since January 2016. The solvency capita lrequirement (SCR) is set such that the insurer can meet its obligations over the next 12 months with a probability of at least 99.5 %.
THE ROLE OF INNOVATIONS AND INVESTMENTS IN RURAL AREAS
THE ROLE OF INNOVATIONS AND INVESTMENTS IN RURAL AREAS
(THE ROLE OF INNOVATIONS AND INVESTMENTS IN RURAL AREAS)
- Author(s):Nikolai Shterev, Diana Kopeva, Kapllan Halimi
- Language:English
- Subject(s):Economy, National Economy, Public Finances
- Page Range:249-262
- No. of Pages:14
- Keywords:economic; social andenvironmental
- Summary/Abstract:Sustainable rural development is vital to the economic, social andenvironmental viability of each nation. Nowadays, rural areas are facing complex challenges and opportunities: agriculture is no longer the backbone of most rural economies; as the role of non-farm sectors (manufacturing, tourism and industry) is increasing.
STRATEGY FOR TECHNOLOGY VENTURES SELECTION
STRATEGY FOR TECHNOLOGY VENTURES SELECTION
(STRATEGY FOR TECHNOLOGY VENTURES SELECTION)
- Author(s):Petko Ruskov
- Language:English
- Subject(s):Economy, National Economy, Electronic information storage and retrieval
- Page Range:263-274
- No. of Pages:12
- Keywords:Technology ventures selection; Balanced Scorecards
- Summary/Abstract:There is growing interest for investment into high-technology start-ups andspin-offs emerging from the Bulgarian universities and research institutes. But technology transfer and commercialization is risky and has been slow mainly because academic research is often too early-stage to be directly commercialized.
SPATIAL PLANNING AND URBAN DEVELOPMENT IN PORTUGAL
SPATIAL PLANNING AND URBAN DEVELOPMENT IN PORTUGAL
(SPATIAL PLANNING AND URBAN DEVELOPMENT IN PORTUGAL)
- Author(s):Sandra Isabel Rodrigues Bailoa
- Language:English
- Subject(s):Economy, National Economy
- Page Range:275-294
- No. of Pages:20
- Keywords:Spatial planning; Portugal; Territorial management system; PNPOT
- Summary/Abstract:Spatial and urban planning has been practiced for centuries in Europe. In Portugal, the major tradition comes from agricultural and forest area and only by the endof 20th century a true territorial management system emerged which allowed also thein tegration of some legal figures that already existed.
THE SYSTEM OF RESOLUTION/ SETTLEMENT OF COMMERCIAL DISPUTES IN THE REPUBLIC OF BULGARIA AS A BUSINESS RISK FACTOR
THE SYSTEM OF RESOLUTION/ SETTLEMENT OF COMMERCIAL DISPUTES IN THE REPUBLIC OF BULGARIA AS A BUSINESS RISK FACTOR
(THE SYSTEM OF RESOLUTION/SETTLEMENT OF COMMERCIAL DISPUTES IN THE REPUBLIC OF BULGARIA AS A BUSINESS RISK FACTOR)
- Author(s):Silvi Chernev
- Language:English
- Subject(s):Economy, National Economy, Socio-Economic Research
- Page Range:295-305
- No. of Pages:11
- Keywords:commercial; Bulgaria; business
- Summary/Abstract:The purpose of this paper is to establish the possible existence of business risk resulting from the legal regulation and other relevant factors to the resolution of commercial disputes in the Republic of Bulgaria. The effectiveness (the lack thereof) of the different commercial disputes resolution/settlement means are analyzed (state courtscommercial litigation, arbitration, mediation and others).
EXCHANGE RATE, INTEREST RATE AND STOCK MARKET
EXCHANGE RATE, INTEREST RATE AND STOCK MARKET
(EXCHANGE RATE, INTEREST RATE AND STOCK MARKET)
- Author(s):Sobia Quayyoum, Muhammad Husnain, Biagio Simonetti
- Language:English
- Subject(s):Economy, National Economy
- Page Range:306-317
- No. of Pages:12
- Keywords:Interest Rate; Exchange Rate; Stock Market Volatility
- Summary/Abstract:The study analyzes the impact of change in exchange rate and interest rate on the volatility of stock market in Pakistan from January 2000 to December 2015 on weekly basis.
THE PLIGHT OF WORKERS IN THE HOSPITALITY INDUSTRY IN SOUTH AFRICA
THE PLIGHT OF WORKERS IN THE HOSPITALITY INDUSTRY IN SOUTH AFRICA
(THE PLIGHT OF WORKERS IN THE HOSPITALITY INDUSTRY IN SOUTH AFRICA)
- Author(s):STELLA VETTORI
- Language:English
- Subject(s):Economy, Business Economy / Management, Business Ethics
- Page Range:318-329
- No. of Pages:12
- Keywords:the hospitality industry
- Summary/Abstract:Most workers in the hospitality industry are not standard employees. They are generally referred to atypical employees.
HUMAN RESOURCE STRATEGY – HUMAN RESOURCE MANAGEMENT IMPORTANT PARTS OF MANAGEMENT STRATEGY AND BUSINESS SUCCESS
HUMAN RESOURCE STRATEGY – HUMAN RESOURCE MANAGEMENT IMPORTANT PARTS OF MANAGEMENT STRATEGY AND BUSINESS SUCCESS
(HUMAN RESOURCE STRATEGY – HUMAN RESOURCE MANAGEMENT IMPORTANT PARTS OF MANAGEMENT STRATEGY AND BUSINESS SUCCESS)
- Author(s):Winfried Schwehn
- Language:English
- Subject(s):Economy, Business Economy / Management
- Page Range:330-343
- No. of Pages:14
- Keywords:HR Management
- Summary/Abstract:The general objective of HR Management is to enable the company to reach its business objectives through the guidance and the support in all matters concerning employees
IMPROVEMENT OF ADMINISTRATIVE SERVICE IN BULGARIA - MANAGEMENT STRATEGIES, MODELS AND PROBLEMS
IMPROVEMENT OF ADMINISTRATIVE SERVICE IN BULGARIA - MANAGEMENT STRATEGIES, MODELS AND PROBLEMS
(IMPROVEMENT OF ADMINISTRATIVE SERVICE IN BULGARIA - MANAGEMENT STRATEGIES, MODELS AND PROBLEMS)
- Author(s):Yulia Yorgova
- Language:English
- Subject(s):Economy, Business Economy / Management
- Page Range:344-356
- No. of Pages:12
- Keywords:public administration; Bulgaria
- Summary/Abstract:Improving the administrative service and providing quality public services in atransparent, efficient and effective way is one of the main goals of the administrative reform in Bulgaria. To achieve this goal, many strategies, concepts and models have been adopted at national level over the years.
