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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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Examining the Competitiveness of Fish Products on the Market
151-163Views:243Fish and fishery products are one of the key ingredients in human nutrition and are therefore outstanding in terms of both production and trade. Different processed fish products are available in many countries around the world due to globalization and a fast supply chain. In our study, we examined the market for fish and fishery products using secondary data collection. The data were collected several years ago from the databases of FAO, EUROSTAT, COMTRADE and KSH The comparative advantages or disadvantages of international trade were determined with the help of the RCA index for the role of Hungary and the EU in the world in the case of different categories of fish products. The aim of our research is to compare the fish products of different processing in Hungary and in the EU compared to the international situation, paying special attention to the main exporting and importing countries. Based on the secondary research the study has a detailed the specificities of trade, the trends observed in recent years and the competitiveness of fish products in Hungary and the Member States of the European Union and effect relationships behind the RCA-index results.
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Determination of the accumulation of heavy metals of river sediment by plants
46-53Views:266Danube is the main river of Hungary. Danube and its floodplains and oxbow lakes are operating as ecological corridors, although their industrial, logistic and touristic role is not negligible. It is well known, that from the source to the estuary of the river Danube there are many industrial facilities. This heavy industrial pollution had effected on the water quality. The most dangerous components of the sewage water of these facilities are heavy metals, which can be found in the water as well as in the sediment. These toxic elements can cause significant health risks, because they can accumulate in the food-chain. The main aim of our research is to investigate the accumulation rate of the heavy metal content of the river sediment in the different parts of the test plants. The main sampling place of our research was a sediment dump was created by excavation from the Open Beach of Dunaújváros in 2009. During our measurements we analysed the cadmium, nickel, lead, chromium, copper and zinc concentration of the sediment and the plants. The test plants, which are growing on this sampling place, were parella (Rumex patientia), perennial rye-grass (Lolium perenne), sedge (Carex riparia), bistort (Persicaria maculosa). The extraction of the heavy metal content of the samples was made according to the MSZ Hungarian standard. The concentration of heavy metals were analysed with AAS (atom absorption spectrometer). According to our results we determined that parella could accumulate cadmium, nickel, chromium and zinc in its upper stem, on the other hand bistort could accumulate these elements mainly in its leaves. These information will be important in the case of the in-situ remediation of a polluted area in the future.
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Practical Application of Methods in Strategy-Based Analyzes
59-72Views:724Increasing environmental volatility is a growing challenge for companies and businesses. The speed of economic events is changing, and the risk of uncertainty is increasing, requiring business to take a new approach to strategic planning. In the design and forming of their strategy, both the factors of the external and internal environment and the analysis of their competitors can be based on well-chosen methods. We consider the review of these methods, their application in planning and educational practice. The aim of our work, in which we present the methods that underpin the strategy applied in both domestic and international practice. The analysis of the external environment illustrates the construction and applicability of an external factor analysis matrix based on traditional PEST analysis and the Porter's five-factor model. In the case of internal factor analysis matrix, we focus on the approach of method choice, and on the applicable methods, the importance of the resource-based approach, the analysis of key factors and the Porter value chain analysis matrix. The third pillar of the analysis that underpins the strategy is the matrix-based assessment of competitors. The applicability of the methods depends on the form of the enterprise, the field of activity and the nature of its activities, which is complicated by the emergence of new economic spheres (e.g.: sharing) and transformed power relations.
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Augmented Reality
1-9Views:607This paper is an overview of augmented reality’s basic concepts and its connection to the logistics field. The paper includes a brief history of the tech and how it differs to the virtual reality. The main goal is to understand how augmented reality is being used in logistics to innovate and enhance services. It refers to how courier and freight companies are taking advantage of this technology to upgrade the warehouses, transportation and enhance value added services. It also analyses how the retail market is modernizing its stores and is using mobile applications for online shopping. Using augmented reality has overall pros and cons and even though is a technology on its early stages it shows a great potential to revolutionize the supply chain in its totality.
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Application of Nanomaterials in Food Industry and Agriculture
116-126Views:334Nanomaterials have unique application features which can mainly be associated with their size properties. These materials have much higher surface than the normal particle size variant of the same materials. Due to these properties, nanomaterials are widely used in the industry. Food industry and the agrarian sector are using these materials increasingly. The main goal of nano size components and additives are the improvement of some parameters of the food manufacturing process, the elongation of the best before date of the food and the improvement of the texture, stability and the consistence of the food. Probably, nanomaterials will play an important role in the development of the food industry, moreover, it can be anticipated that nanotechnology will also appear there and will influence the whole food chain. It should be noted that food industry is using several nano size class materials which are not referred to as nanomaterials. Some examples are the micelles of some proteins, like milk protein, and fatty acids. Considering all these, the aim of our work was to present a thorough review and summary of the current applications.
