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The Empirical Examination of Firm Value Drivers Regarding the Global Financial Crisis
213-222Views:292The article focuses the corporate value creation and the most important value drivers. The first goal of the paper is to classify the most relevant value drivers, and their function of the firms’ value. Further objective of this study is to introduce the effects of the 2007-2008 global financial crisis. This article demonstrates the following. The first part presents the value chain and illustrates the primary and the support activities of the corporates. The second section briefly presents the 2007-2008 financial global economic crisis, introducing its causes, events and financial aspects. The third empirical part of the article analyses the database featuring data from 18 European countries, 10 sectors and 1553 firms in the period between 2004 and 2011. At the end, the fourth part contains conclusions. Based on the related literature reviewed and in the conducted empirical research it can be assessed that 2008 can be seen unambiguously as the year of the financial crisis. In this year, all predictors had a negative effect on the criterion variable, the firm value.
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The Relationship Between Renewable Energy Consumption, Net Energy Import, Greenhouse Gas Emission and Human Cap
58-71Views:325The measures to improve energy efficiency and increase of renewable energy production and consumption should be encouraged in the interest of sustainable development. Many factors can influence the use of renewable energy such as the level of economic development of an economy, nationals’ and the main economic actors’ environmental awareness, energy import dependency, ratio of the urban population, and government subsidization intensity among the others. The main purpose of this study is to examine the relationship between the share of renewable energy in the total energy consumption and net energy import as a percentage of energy use less production, greenhouse gas emission per capita and human capital using by OECD countries data from 1990 to 2014. The results indicate that there is a negative relationship between net energy import and renewable energy consumption, and also negative relationship can be shown between the amount of greenhouse gas emission per capita and renewable energy consumption. However, we identified a positive relationship between human capital and renewable energy consumption for energy importer countries above a certain level of human capital.
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Current Challenges in the Regulation of CO2 Emission of Road Vehicles
738-742Views:374Today, as part of the fight against climate change, regulations on greenhouse gas emissions are gaining significantly higher attention. Our work focuses on the European Union legislation on carbon dioxide emissions from road vehicles, with special emphasis on the target values. Current changes in CO2 measurement methods, as important issues of the regulations, are also reviewed within this article.
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A study of pressure-sinkage relationship used in a tyre-terrain interaction
186-199Views:342The vehicle applies a normal load to the terrain, which causes sinkage and motion resistance. To forecast the normal pressure distribution on the interface of a vehicle–terrain and the tractive performance of a vehicle, the response of the terrain to normal load (which is characterized by pressure–sinkage relationship equations) must be measured. This paper presents the common conventional pressure sinkage models used in terramechanic and the modification that happened to this models. In addition the features of the new models.
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Experiences of Innovation Projects in the Light of the „European Paradox”
563-578Views:243Corporate innovation can be a major factor in economic development and long-term high-level corporate performance. The position of the EU in international innovation rankings has not improved since the 2000 2009 period; though there has been a more positive trend since 2010, meeting the Lisbon goals, the EU is still not at the forefront in terms of R&D&I. Behind this process is the rapid progress of some industrially developing nations in R&D&I, as well as the relatively slow institutional development of national innovation systems in Europe. The relative lag in Europe can be explained by the frequently referred to “European paradox”, which is still unclear for methodological reasons. Firstly we consider the international ranking in innovation, then discuss one of the explanations put forth to explain this rather weak performance. We present case study that represent Hungarian experiences with corporate innovation.
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Supplier Evaluation Schemes in Case of Different Research Frameworks
617-624Views:271Performance evaluation is not only important in employer and employee relationships, but also in partnerships between a supply chain’s members. In order to satisfy customers’ needs according to the 7 Rights of logistics, all members of the given chain have to perform properly. To ensure the best performance, supplier evaluation can act as a starting point. Besides continous feedback, supplier evaluation plays an important role in performance development of suppliers. The aim of our research is to develop and introduce innovative supplier evaluation models, which include the advantages of traditional and electronic supplier evaluation forms. In addition to this, these models are visualised, making it easier to understand expectations and information. In this study, the aim is to present two different models the PaTeNt©- SESC (Pató Tetrahedrons of interNational Theory - Supplier Evaluation of Supply Chain) and the Douple Evaluation Platform, based on previous research.
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The Empirical Examination of Different Customer Types
92-100Views:276The proper knowledge of customer types is essential for a well functioning company – regardless of its size. In current research we wanted to identify and characterize the particular customer groups with involving 302 persons. During the examination we measured the attitudes of these participants with the help of a statement range based on Kotler’s classical customer types. For the identification we made factor- and cluster analysis, and we could separate five different factors. They received the names of Angry, Definite, Discursive Passive, Experience Shopping and Indefinite - based on some related statements. After the cluster analysis – along these factors - we could separate four different groups: Young Impulse Shoppers, Outspoken Definites, Negatives and Born Customers. Each and every group requires different communication, sales attitude and service morals.
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Ethical Attitudes by Students
1-8Views:251We can read about empirical researches in connection with ethical behavior or attitudes by business students only in few inland but much more foreign papers. These studies examine: which behaviors are ethical or unethical by students and how strictare students in evaluation of situations. This paper aims to explore the attitudes of business students at the University of Debrecen: what they-as future organizational leaders-think about morality of a work situation.
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A vállalati vagyon és a finanszírozás összefüggései a vagyonértékelés szempontrendszere szerint
69-79Views:355The availability for financial sources can be the key factor of competitiveness of enterprises. Under favourable conditions it can result in not only economic growth and conjunctural effects but indirectly it also has a positive influence on social level as well. In the first part of the article we make an overview on enterprise financing in both social and economic context and try to give an overall concept. In the second part we analyse the framework of financing, discuss the national and international specifications of financing, and finally, in the third part we analyse the background of enterprise financing based on the principles of asset appraisal.
