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Statistical Evaluation of University Student’s Motivation and Personal Competency with Principal Component and Cluster Analysis
365-374Views:190The aim of the research is to do a statistical evaluation of agricultural and rural development engineer student’s motivation and personal competency. It sums up the late generation Y’s characteristics and challenges. To be a successful, graduated employee, not only the skill is needed but the personal competency as well. Altogether, 121 filled out questionnaires were collected from the students which were the prime source of the research. They had to evaluate influential factors to their motivation level and competence. The database was analyzed with descriptive statistic methods, principal component and cluster analysis. Studying the personal competency, five different factors were divided based on Belbin’s team roles and four clusters. The four clusters were established by the five factors. Analyzing the student’s educational motivation four different components were divided: the need of performance, social entertainment, the benefits of learning in the near future and the reach of the financial freedom. Based on the four components, generating clusters was not possible due to the significance level of the K-means cluster analysis because it was higher than 0,05 in every grouping variables.
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Qualitative and Quantitative Analysis of Optical Industry Produced Grey Water, Proposal For Treatment Technology
84-88Views:77Our research we investigated Carl Zeiss Vision Hungary Kft. grey water from laundry. Our research aims to provide the optical industry produced grey water quality and quantity parameters to obtain a comprehensive picture. The quality parameters for additional aim was to test, whether it is worth tut collect grey water produced in the optical industry to the place of origin. Subsequently, the development of a treatment technology that economically it would be valuable for the company. It has been observed that it is not necessary tut collect grey water from washing machines and cleaning machinery, since it is similar to the organic load them. It was based on a financial assessment of the grey water treatment technologies in two technologies: coagulation-flocculation and aerobic bio membran technology. Investment and maintenance costs in respect of the implementation of the aerobic clearly bio membran technology proved to be more economical.
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A Selective Study: Camels Analysis of Indian Private Sector Banks
277-283Views:136Banking sector is one of the fastest growing sectors in India. Today’s banking sector becoming more complex. Evaluating Indian banking sector is not an easy task. There are so many factors, which need to be taken care while differentiating good banks from bad ones. Performance evaluation of the banking sector is an effective measure and indicator to check the soundness of economic activities of an economy. The contribution of RBI and other policy maker, the banking industry has witnessed regulatory requirements like BASEL III norms. These regulatory changes have influenced prominent improvement in efficiency and performance of the Indian Scheduled Commercial Banks in the past few years. In the present study an attempt was made to evaluate the performance & financial soundness of select Private Sector Banks like ICICI,HDFC AND YES bank using CAMEL approach from 2013 to 2017 as well one way anova method. It is observed that on an average ICICI was at the top most position. It is also observed that yes Bank was at the bottom most position in selected CAMEL ratios.
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Analysis of the Supply of Sport Services by Organizational Aspects
465-474Views:253The spread of consumer societies has led to the commercialization, and the emergence of profit-oriented operating frameworks in the fields of sport. The sports enterprises, involved in the operation of competing groups on professional, spectator fields of sport have already been examined from legal, economic, organizational points of view by a number of international and Hungarian researchers. In this article, we attempt to cover and summarize the Hungarian research approaches on this subject. The motive behind our investigation is that we should launch an organizational examination of the Hungarian profit-oriented sports suppliers in the near future. We plan to analyse the property, financial, income, organizational, management and labor management related situation of these sports enterprises. In order to ground the research, the review nature summary of domestic economic, organization science related secondary examinations is essential, which allows the development of the appropriate research methodology and the comparison of our results with the antecedents.
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The Role of Statutory Notes in Informing Market Players
202-212Views:309The conduct of numerous economic operators is influenced by the globalization accelerated nowadays. In this connection, it can be certainly said that the globalization affects the accounting regulation as well. In our country, the business entities falling within the scope of the aforementioned regulation are subject to Act C of 2000 on Accounting, according to which the prepared reports shall provide the external and internal stakeholders with information ensuring a true and fair overall picture of the business entities’ property, financial and profitability situation as well as future plans. Over the recent years, the reason of changes in the Accounting Act was the harmonisation with other laws thus the main part of the change in year 2016 was the obligatory transposition of the Directive 2013/34/EU into the domestic law system as well as the completion of the previous deficiencies. These changes influence the system of accounting records that has been already established. In my treatise, I will highlight a part of the report i.e. the Notes providing text information in addition to the numerical data. Furthermore, the changes in Act of 2016 on Accounting will be presented with respect to the Notes.
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Correlation Clustering: Analysis of Major Agricultural Commodity Markets
288-302Views:266The aim of this article is to compare the clusters formed by the correlation distances between the agricultural and the energy commodity price returns in different periods of time. The energy and agricultural markets have become more interlinked in the past ten years, which can be attributed partly to the increased usage of biofuels. According to the results of this research, after the global financial and economic crisis of 2008/09, the relationship has become tighter between the agricultural commodity prices and the price of the crude oil. Based on the hierarchical clustering, the relationship between crude oil and sugar, and especially between crude oil and vegetable oils has become stronger. These results support the hypothesis of a more interconnected agricultural and energy market after 2013. Furthermore, the emerged relationship of crude oil with the vegetable oils may indicate the connecting role of biofuels, since biofuels require agricultural input materials, partly vegetable oils. However, the role of biofuels in the present analysis requires further researches.
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Presentation of Employment and Economic effects of the Covid-19 Epidemic between March and November 2020 among Companies Dealing with Car and Parts Trade in Szabolcs-Szatmár-Bereg County
80-92Views:413The outbreak of the COVID-19 pandemic during the spring of 2020 entailed major economic and social changes all over the world. In this study, we aim to investigate the impacts of the COVID-19 pandemic on the labor market and the economy with relation to the automotive industry in Szabolcs-Szatmár-Bereg County. Apart from secondary data collection, this research also relies on primary data collection methods, including self-administered questionnaires and in-depth interviews, all conducted with several employees and finance directors employed by the automotive companies present in the county. The focus of this research is to study how the pandemic affected the balance sheets and the gross revenue of these companies; how it altered the repayment obligation of their current loans and how it influenced their willingness to enter into new loan agreements or relief options offering financial assistance. Apart from these factors, this research also studies how the pandemic restrictions affected the work schedule and the benefits of the employees.
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Analysis of the Financing and Return on a Geothermal Investment – Case Study
395-409Views:120Implementing a geothermal energy investment involves a significant amount of capital investment for a local government which cannot be realized only from its own sources therefore, it is necessary to involve external financial resources. In this article, I look at what resources the local government can get involved in implementing the investment planned by the local government. I also analyse the different combinations of these sources and when using different resources, how does the internal return on investment and its net present value change.
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Corporate Performance Measurement in the E-Commerce
80-91Views:374Performance of the domestic online commerce showed a dynamic increase in recent years and, based on the expected forecasts, this trend will be realized in the future as well. In Hungary, the number of electronic commerce undertakings is estimated to be within a range of between 5 000 and 6 000 pieces and this number is steadily increasing. Today, the opportunities offered by the internet play an increasingly significant role in every segment of the economy. In the increasing market competition, it is no longer sufficient to serve the local population. Driver of the internet commerce is a marketing activity therefore the performance measurement is a priority. The excellent result and success essentially and principally depend on the performance, in addition to luck. Performance is understood as the measurable results or, in the broad sense, the successful efforts which are made to achieve the organizational objectives. The performance measurement is a measurement process of the efficiency and economy of an activity. Its aim is to support the decisions and actions related to the operation of the undertaking. The performance measurement is not only a decision support tool but also an element influencing every level of the decision-making system; it has an effect on the actions of stakeholders. Its danger and importance are simultaneously the fact that its improper operation (application of incorrect yardstick) can result in a functioning contrary to the corporate objectives. My aim is to survey the corporate performance measurement practice, to assess the connection between the financial and operational performance as well as to analyse the connection between the performance measurement practice and the performance achieved.
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Artificial Intelligence Possibilities in Vehicle Industry
148-154Views:236There have been several attempts during the last decades to extend the ranges of application of artificial intelligence. The aim of the development for AI is to replace human intelligence and experience. The ultimate aim for machines and vehicles is to run much more efficiently and with higher reliability than ever before. The Artificial Techniques (AI) used a wide range of expert systems to optimize problems. Hybrid intelligent management systems have become increasingly influential in artificial intelligence during the last decades. As a result, maintenance and fleet management systems have undergone significant development. By choosing adequate maintenance or operating strategy and taking user behaviour into consideration, these systems can not only increase the reliability and efficiency of vehicles but can also result in financial savings. The paper tries to discusses the applications of AI techniques in predictive maintenance and vehicle industry.
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A Possible Way to Encourage Sustainable Consumption
21-40Views:304With the growth and spread of the concept of sustainable consumption and with the re-emergence of issues related to needs, the basic concepts of consumption need to be analyzed from aspects not inspected by mainstream economics. Consumer behaviour is largely determined by the prevailing values of society and nowadays consumption symbolizes social status. The purpose of this study is to critically examine the concept of utility, to review traditional and alternative concepts and aspirations related to the promotion of sustainable consumption. The authors argue, that utility can not only be examined by narrow economic considerations; the values of present and future generations also must be taken into account when determining what is considered to be useful. The study concludes by presenting alternative financial solutions that encourage sustainable consumption. The presented examples demonstrate, that complementary currency models are suitable means to encourage sustainable consumer behaviour. These are external motivational tools eliciting the desired behaviour through reward schemes.
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A vállalati vagyon és a finanszírozás összefüggései a vagyonértékelés szempontrendszere szerint
69-79Views:193The 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.
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Changes in the financing of domestic research and development
153-161Views:152Nowadays, the fourth industrial revolution is taking place at an incredible speed, with innovation at its heart. Of this, R & D funding is of paramount importance, which is directly or indirectly one of the most important tools for increasing corporate competitiveness. The study examines trends in domestic R & D expenditures over the past one and a half decades. It focuses on the extent to which the financial crisis has affected the amount of funding resources and their structure. From an international comparison, Hungary and the European Union spend much less on research and development than those in the global competition. The impact of the crisis is reflected in the decline in the growth dynamics of R & D expenditures, but it has not been solved solely as a result of the crisis. Changes in the domestic structure of expenditures in recent years are encouraging and are in sync with the change in attitude that is considered desirable in R & D funding. If we examine the domestic statistical data more thoroughly, we can no longer be very satisfied. However, from trends in data from recent years, it becomes apparent that neither Hungary nor the European Union will achieve the 1.8 and 3.0 per cent of GDP R & D spending by 2020.
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The Efficiency of Intellectual Capital as a Crucial Factor of Innovation
419-428Views:231In today's global economy, there is a substantial shift from manufacturing to services, which challenges both economic policymakers, business stakeholders, owners, suppliers, competitors, and ordinary people: restructuring will encourage all economic players to learn how to adapt to new trends. That is why our research focuses on innovation and the ability of companies to create value. The IT sector is currently one of the fastest-growing and most innovative sectors within the service industry. The success of IT companies is greatly determined by their ability, how to make effective use of their intangible assets at their disposal, including intellectual capital, which is defined as a non-financial asset. So the question may arise: how is it possible to quantify and in monetary terms the intellectual capital of the companies to be examined? That is why, we calculated for the most successful Hungarian IT companies the widely recognized index, the VAICTM index, for which domestic calculations are not yet available. Indeed, this indicator eliminates the lack of information stemming from reporting standards by the methodology relying on publicly available financial reporting data. The indicator itself is a top indicator whose two main sub-indicators quantify the effectiveness of intellectual capital and physical capital.
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The Middle East perspective of Corporate Social Responsibility
282-291Views:214Corporate social responsibility (CSR) in the Middle East is gaining more importance than in the past. Although it still remains more about philanthropy and charity, it moves towards a more strategic approach which includes formalizing ways of giving, as a set of non-random actions, and focuses more on addressing social ills and environment, economic challenges, that are hindering development. However, the business in the region has not yet taken the step to fully integrate the CSR into their core business operations. The most common challenges that facing the CSR implementation are the lack of government requirements and incentives, spreading awareness, building CSR partnership model, going beyond the marketing and PR campaigns, and full integration of CSR into the business strategy. In this paper, we aim to introduce the current state of the CSR in the Middle East and its perspectives, besides reviewing its evaluation stages, motivations, and current challenges. Moreover, we aim to examine CSR common practices through examples from the financial sector. The research method applied in this research is based on secondary data sources and we have used desk research to illustrate most important points and findings on the topic.
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Designing Aspects and Classification of Bearing Industry Box Handling Apparatus
325-334Views:91It has been an accepted tendency in the industrial practice since the last third of the 20th Century to decrease the living labour demand of the manufacturing processes. One of the main tools of it is the automation of production. In the design, the construction and the programming of the developed automata, the results of electronics, informatics and mechatronics can be used. All of the scientific fields mentioned above undergo intensive development. By the application of the results achieved in the design of the applications, the monotonous, dangerous and tiresome work not requiring expertise can be assigned to machines. In the longer run, the application of the automata is beneficial also in financial aspect, since the costs of living labour are continuously growing, while that of the mechatronic and technological devices show a rather decreasing tendency. Reliability is also an important aspect. It is well known for everyone that a well-designed and programmed automatic device performs its task without mistakes. If there is any objection or breakdown, on the basis of the currently valid safety technology rules, the machine stops, does not trigger any damage and after its repair, work can be continued.
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Evolution, Place and Role of Controlling in a Business Organisation
466-477Views:950The development of controlling can be traced back to the beginning of 20th century. Thus it has one century of continuous scientific development. Controlling has been applied in fields such as finance, manufactureproduction, and trade sales. In financial accounting different activities have been formed for planning and accounting costs and performance. These activities were integrated by management accounting, which serves the ever growing information needs of the management. In addition to the operational functioning of growing and diversification companies controlling covers even the strategic level. The primary focus of controlling activity at 21st-century businesses is to improve organisational performance. Previously there were differences between the German and Anglo-Saxon trends. According to the German trend controlling is a set of instruments that provides the required information needed for management decision-making and based on it planning, monitoring, and controlling activities could be achieved. Furthermore, the German trend considers that a particular department is responsible for controlling activities. Conversely, according to the Anglo-Saxon conception controlling is considered as a part of management and managers are responsible for efficient allocation of resources, the so-called „management control”, carrying out planning and controlling tasks at the same time. Some differences can be recognised between the two conceptions about where is controlling placed in companies within the organisational framework. However, it can be stated as a fact, that management and controlling are inseparably linked, and the aim of both fields is to increase the performance of a company.
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Relationship between the Lean and Agricultural Companies
370-381Views:159Eliminating losses is a daily challenge for both: companies and individuals in society. Whether through the production or office work, we are wasting the most important human needs: time and energy with useless things and processes. Both are an integral part of our daily lives and are particularly important for agricultural companies. In our study, we look at the relationship between Lean and agricultural companies. We outline the risks associated with these seven Lean Losses at these companies, and how these problems can be corrected and eliminated using current methods. Our research sheds light on how technological innovations affect and influence the position of companies in the market and in financial and human resources. We examine the benefits and drawbacks of the innovations applied and the Lean processes used, and how they affect the environment around them.
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Comparative Analysis of the Notes on the Accounts Of Information-Technology Servicing Companies in Hungary
186-194Views:166In the globalized and accelerated world of our time, challenges can only be met by companies that possess the necessary information and are able to convert it rapidly into organizational knowledge. Annual accounting statements are an important source of information within business relations among companies. The necessary information can only be obtained from the two fundamental parts of the annual statements (balance sheet and profit and loss account) if the notes on the account contains the information that contribute to the more comprehensive interpretation of the other parts of the annual statement. Decision-making based on inadequate knowledge further increases economic risks that are already high. In our research, we examine whether the notes on the accounts of companies include the information, which could help obtain necessary financial knowledge concerning the partner companies. For the analyses, we used the notes on the accounts of companies, which have information-technology services (Hungarian NACE No. 62) as their main line of business. By means of text mining, we analyse the extent to which the notes on the accounts are in conformity with the Accounting Act.
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Modern use of geothermal energy in Nagyszénás (Case Study)
106-115Views:176A project based on geothermal energy use in Nagyszénás, Békés County, Hungary, was finished on December 20, 2015. The construction investments were realized with the support of the European Union from tender funds won in the financial cycle of 2007-2013 in the total value of HUF 1.578 billion. The thermal water utilization investment was realized with unique technical solutions in the country, and as a result, a modern, economical heating system using green energy source was built, and now provides energy for the public institutions of the settlement and for the newly established bath complex. During construction and operation, several unforeseen technical problems arose, which could only be solved by using new technical elements. The high salinity and high temperature of the extracted thermal water required special engineering solutions. During operation, modifications and changes in technological elements were required at several points for the safe operation. The purpose of this article is to present these technical interventions, which made the reliable operation possible, thus the system provides a suitable alternative to natural gas-based heating.
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Sports Civic Organizations-Subsidies and the Subsidy Exposure
341-347Views:128When we discuss the topic of civic organizations, especially sports profile civic organizations we need to note and comment that issue how these organizational forms are able and capable to accept subsidies. The related data of the Central Statistical Office (KSH) highlight the phenomenon that incomes of the classic civic organizations are mainly composed of state or private source donations. Although there is a really and pretty predictable subsidy system in the field of civic sphere currently, from one hand the distribution of the single subsidy forms considerably vary, on the other hand it result in the considerable amount of available financial resources. The fact whether subsidy forms and subsidy incomes have relationship with the addition alvariables of the organizational operation, such as subsidies provided, employment relationship, and expenditures may acquire special attention at the management of organizational operation together with the planned strategic interventions in the field of the civic sphere.
