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The Propensity for Mandatory Audit Rotation and its Impact on Earnings Management in Europe
222-233Views:274The doubt of investors for the accuracy of financial reporting statements and the credibility of external audit functions has becoming more and more severe in the recent years due to a variety of booming accounting scandals related to earnings management occurring around the world. To cope with these serious frauds in the world of financial market, many countries have adopted Mandatory Audit Rotation (MAR) rules. Although the MAR rule has been valid around European Union (EU) members since 2016, the effectiveness of this rule has not been examined in any academic papers yet. As a result, the aim of this study is to investigate the effectiveness and the necessity of the latest MAR rule in the EU by testing the influence of audit rotation activities and audit tenure on earnings management of companies in the STOXX Europe 600 Index. Practical implications of this study will not also prove whether companies in STOXX Europe 600 Index should be required to shorten their audit tenure by rotating their audit engagement more often in order to decline the degree of earnings management, but they will also help to strengthen support for the essentiality of MAR legislations in the EU if the result indicates that longer audit tenure actually leads to more earnings management of STOXX Europe 600 Index companies.
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The Correlation between LGBTQ Tolerance and Economic Development in Europe
31-51Views:347This study analyses the relationship between LGBTQ tolerance and economic development. It uses various indices measuring tolerance and economic data of 48 European countries. Based on previous literature I outlined how economic progress is supposed to have an impact on the social inclusion of marginalised groups. Also, a number of empirical reports are cited providing substantial evidence that tolerance can too shape economic performance. The main aim of this paper is to confirm that these findings in fact hold water in Europe. Having examined the regression analysis of GDP per capita and tolerance, as well as HDI and tolerance, I found that the modernisation theory proved valid on my sample. The other component of my analysis focusing on the sway of social inclusion over FDI showed that more tolerant states attract more foreign capital. These results led me to believe that economic progress and LGBTQ inclusion are interrelated, thus the latter should be considered upon forming policy.
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Was UEFA’S Goal of an Environmentally Friendly Euro 2020/21 a Success?
152-164Views:618The football Euro 2020/21 has been said to be more environmentally friendly, as it was spread all over Europe, thus no new stadiums needed to be built. On the other hand, more traveling became necessary. How does these effects behave with each other? Was the attempt to reduce emissions successful?
This paper seeks to compare the goals for UEFA 2020/21 for environmental friendliness and its success. A mixed research strategy was adopted in this paper where qualitative analysis was done on existing literature review and also quantitative approach where assumptions were drawn from literature review to estimate the environmental impact. This paper found that UEFA's initial estimate of 425,000 tons of carbon dioxide emissions in traveling for the Euro Cup 2020 was a bit higher than the actual amount of carbon emissions from our calculation of 143,531 tons. What stands out is that its findings agree with UEFA's estimate that Euro Cup 2020 emissions were lower than that of 2016 which emitted 517,000 tons of carbon dioxide for traveling. This gives a greater reason to conclude that UEFA met its goal of reducing carbon emissions. The overall carbon dioxide emissions in traveling and constructing stages were 1,275,988 tons in Euro Cup 2020 and 2,803,000 tons in Euro Cup 2016. This further affirms the overall carbon dioxide emission reduction by half in Euro Cup 2020 as compared to Euro 2016. From our findings, we can conclude that the Euro Cup 2020 indeed succeeded in reducing overall carbon dioxide emissions by half. Despite the success, this paper views that the carbon emissions are still high for a single event and hence there is room for reduction of carbon emissions to lower levels as possible. we can conclude that the Euro Cup 2020 indeed succeeded in reducing overall carbon dioxide emissions by half. Despite the success, this paper views that the carbon emissions are still high for a single event and hence there is room for reduction of carbon emissions to lower levels as possible. we can conclude that the Euro Cup 2020 indeed succeeded in reducing overall carbon dioxide emissions by half. Despite the success, this paper views that the carbon emissions are still high for a single event and hence there is room for reduction of carbon emissions to lower levels as possible. -
Food Industry 4.0 Readiness in Hungary
1-12Views:306In terms of production value, the food industry is the third-largest in Hungary, the first in Hungary in terms of the number of employees, and the first in Europe in the processing industry, as well as a significant user of resources. The research examined the state of art of digitalization readiness, focusing on I4.0 technologies, which supports the management to operate more efficiently the enterprise and to make better decisions. So the focus was on integrated enterprise information systems, management support systems, business intelligence systems, industry 4.0 technologies, and issues related to their application. The analysis based on an online questionnaire survey the request sent to 4.600 enterprises, the response rate was 5% which was representative of the branches of production, covered the Hungarian food and beverage manufacturing sectors in 2019. The companies were asked the most critical technologies in development, going towards Industry 4.0. The research tools were LimeSurvey, Mailing List Server, Excel, Power BI (Desktop, Publishing Server to distribute the results). The used analysing methods were making calculations, pivot tables, models, dasboards. We found that a significant portion of businesses, 78 %, use mobile devices in the manufacturing process. The three most relevant digital technologies are geolocating (GPS, GNSS), cloud computing, and sensor technology. The current level of digitalization and integration cannot be said to be high, but respondents are very optimistic about expectations. Improvements are expected in all areas in the next 2-3 years in terms of digitalisation and integration. Vertical integration involves, first and foremost, cooperation with partners in the supply chain. Horizontal integration means close, real-time connectivity and collaboration within the company. Unfortunately, between 6% and 15% of SMEs (approximately 9% on average) and large enterprises, 36% have a digital strategy. According to the survey, the sector needs significant improvement and creating a digitalization strategy.
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Talent Management in International Practice Through the Example of Europe and China
454-464Views:271The reason behind is that they have their own principles, strategic goals and industrial environment that they have to manage on daily bases. The current labour and talent shortage across Europe forces local companies to supply their demand of manpower from foreign countries – encouraged by the ’four freedoms’ of the EU. In consequence of the globalisation, we have to keep in mind that running a talent management system has its challenges. For instance, employees with different cultural background might have unconventional needs. Due to the cultural, demographical and economical differencies, we must know the structure of our labour force to use the most beneficial tools to induct, motivate or retain our human resource. The aim of this research is to analyze Europe’s and China’s talent management systems to reveal similarities and differencies between them and pick the most notable ones. From the point of comparison, analysing China would be important for European countries to discover further possibilities, as nowadays China has one of the most dynamically developing economy with enormous population behind. The primary result of the research is that deficiency of talent is irrespective of the size of the population and it causes difficulty in both European and Chinese fields, therefore it proves to be a real and general challenge needing attention at organizational level. Furthermore, identifying regional patterns considering peculiarities, the framework of talent management systems can be defined and be found summarised in the article.
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Experiences of Innovation Projects in the Light of the „European Paradox”
563-578Views:116Corporate 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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Strategic Role of HR in Hungary and Slovakia, Based on the International Cranet Research (2015-2016)
478-489Views:328Western-European management trends have been spread including modern approaches to human resource management over the past decades in the countries of Central and Eastern Europe. The point of the new HR conception is the strategic partner role, which is underpinned by the appreciation of human resources. There was a rapid change in the management methods of the organizations due to the socio-economic changes in the examined countries. However, in many places the personnel departments were simply renamed, and their HR staff are still concentrating on their traditional activities. These activities are important and should be fulfilled today as well, but to play an influential role in the design and maintenance of organizational competitiveness HR should have a new, strategic attitude. The study examines HR's strategic role based on the empirical international Cranet research in Hungary and in Slovakia.
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Comperative Economic Analysis of the Determining Leagues of European Clubfootball
22-35Views:499Nowadays sport is not just all about entertainment, or about social cohesion but also it has serious economic and business aspects. Sporteconimics is an individual concept and sector. Sport businesses are contributing more and more to national incomes. Football business are specially important parts of this complex system called sporteconomics. The aim of my research is to create an economic and also comparative analysis of the five top European football leagues, also called as the “Big5” which are responsible for 74% of the total football revenue in Europe. By the analysis of the 2019 UEFA report it can be stated that in these leagues more than 60% of the competing clubs achieved positive operating profits, but the structure of their revenues warns them to look for opportunities to increase their operating revenues. According to the data it is clear that wage cost is the most significant cost element in the industry as they cover 53-68% of their total revenue. These statements set the course for the economic development of European football. The management of these outstanding football clubs may give example to the ones falling behind including Hungarian football businesses.
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Healer Architecture - the Survival of Industrial Buildings
73-78Views:118Protection of industrial buildings can be observed in Western Europe from around the 1970s, technically it was born on the concept of industrial heritage. Industrial archeology was created in Anglo-Saxon areas, which is getting a deal with valued lying areas of the city, related to „rust zones”. [1] The industrial buildings have particular historical value, nevertheless, this day will be very tight space within the scope of protection of monuments. However, often the monument protection does not guarantee the survival because of the lack of investor demand, money and the pursuit of rehabilitation. It’s become a big deal with rehabilitation that the most of us considered the abandoned industrial buildings as ruins.
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Why do not people attend football matches in Hungary?
11-22Views:299Both international and domestic research on passive sport consumption focuses on the motivations of fans. However in Hungary, unlike the examples of North America and Western Europe, we have to look for answers to the question of why people do not go to football matches. In order to find an answer to this question, we conducted an online survey with a number of items of 347 people. For the latter a scale measuring absence from sport consumption was used and the reliability of the scales was tested by Cronbach's alpha calculation. After our principal component analysis, we developed 5 internal and 5 external factors, on which we conduct hypothesis test along demographic and sports consumption variables. Based on our results, we have established that, contrary to public opinion, the low number of spectators in Hungarian football matches is not only and primarily due to unsucces and the low quality of matches. Our respondents are mostly kept away from stadiums by football-related government measures, as well as by preferring to participate in other recreational program opportunities.
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Transportation System of Major Cities in the Middle East
50-53Views:137The quality of transportation has a great effect on the quality of our everyday life and the future of our planet. In contrary to Europe, transportation culture of the big cities in the Middle East region has grown fully different way. These Middle Eastern cities tend to have a different historical, traditional and structural background compared to other cities all around the world. One of these big cities is in the focus of our paper: Rijad, with 6 million inhabitants is the archetypal car dominated city of the Arabic world. We also elaborated a comparison to 4 other cities: Dubai as a city similar to Rijad, Amsterdam as a city with a modern green attitude, Budapest as a metropolitan city in Hungary and last but not least Debrecen which is a Hungarian city with moderate population. As a lesson learnt, we try to give some possibilities and outlooks for Rijad, in order to improve the structure of transportation.
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Comparison of R&D innovation indicators of the visegrád group
162-172Views:94Innovation is a crucial strategic issue not only for businesses to maintain and improve competitiveness, but also has paramount role at a macroeconomic level how a national economy is able to contribute to the national division of labour. Innovation and research and development are particular and even more crucial in post-socialist countries which are trying to catch up with Western Europe in an economic point of view. We compared countries in the Visegrád Group in the study regarding their innovation indexes, R&D indicators and corporate innovations. These indicate that countries in the Visegrád Group are lagging behind the European Union. The Czech Republic ranks the first place in almost each aspect among the countries in the Visegrád Group. As for time series indicators, there is a steadily improving tendency in R&D. Regarding measuring innovation and R&D, it can be concluded that perfect method and scorecard are not available, indexes based on varying methods may generate different results and decision taking only one index into consideration cannot be made in business practice. In my opinion, R&D indicators are dominant to a large extent in comprehensive innovation indexes that might be misleading in the assessment of innovation (particularly in corporate innovation).
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Diagnostic Model for Supporting the Development of Health-conscious Organizational Behavior
1-18Views:357In the 21st century more and more countries of the world take the attitude that human health is not just an issue for healthcare services but for all major areas of life. Such an area for employees is the workplace. Protection of employee health and safety has for a long time been a non-transferable (objective) obligation and responsibility for employers in Europe. Connections between health and the workplace have however extended far beyond the traditional aspect of safety and health at work. Developing a health-conscious organisational behaviour means a challenge for many Hungarian companies; the model described in this study assists them in both diagnosing their current situation and choosing the appropriate course, method and tools for development.
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Use Design or Technology: The Antique Römer Glass
33-37Views:132In this paper, the Römer-glass are assessed as indicator of the technology and design by using a comparative method. We identifed their designing technology methods and associated them with manufacturing centres. All of them made from green forest glass and produced in northwestern and central Europe from around 1000-1700 AD. The Römer glass present dining traditions and habits in the middle ages, furthermore like a personal belongings can be associated with the presentation of social status or individual expression.
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Present and Future of Industrial Robotisation
13-24Views:137The following paper analyzing the installation of industrial robotisation in sectors and regions, in addition carry out forcastings on historical data. In recent years, automation and the use of industrial robotics have increased exponentially in the manufacturing sector. Given that companies prioritize enhanced production efficiency, quality assurance, and safety, it is evident that substantial investment and implementation of automation continue to occur in manufacturing facilities worldwide. The number of industrial robots globally has been growing steadily since 2010. However, the rate of growth has slowed from 2020 onwards. The impact of the Covid-19 epidemic was still felt in 2020, but the deployment of industrial robots increased significantly in 2021. Global industrial robot deployment is projected to continue to grow in the coming years, although the rate of increase may vary between regions and countries. The analysis showed a number of differences between regions in the number and growth rate of industrial robot deployments. Asia and Australia are the largest markets for robots and the number of robots deployed is expected to continue to grow in the future. Europe is the second largest market and, although growing at a slower rate, industrial robot deployment is also increasing steadily. In the Americas, growth is slower than in other regions, but still increasing. Global growth trends suggest that there will be further growth in the coming years and that the deployment of industrial robots will become more widespread in different parts of the world.
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New Challenges for Health Systems of the European Union
1-11Views:120The health system is facing a number of difficultiesnot only in our country, but in the whole of Europe. In the 21st century never before seenlarge-scale problems pose a serious threat to our world, which have a significant impact on health care. We outline the challenges of today and examine their likely effect on coming health policies.
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Analysis of Social Media Activities - Through the Examination of Handball Clubs Competing at Different Levels
39-53Views:313In Hungary, handball enjoys special attention and support, this is true not only for our country, but also for Europe, and the sport is gaining more and more space worldwide. One of the biggest innovations of the last two decades is certainly social media, which has reformed the basic strategies related to information transfer and traditional marketing activities. The processes of content production on these platforms have radically changed, which every sports club should pay attention to, as they can gain significant advantages in terms of economics, marketing and community building if they are able to communicate well. Three sports clubs competing at different levels were compared during a qualitative study in terms of their social media marketing strategy activities, namely PICK Szeged, Balatonfüredi KSE – BFKA Balatonfüred and DEAC handball team. The basic concept of this research model was built on how the online marketing communication activities of club teams fighting for different professional goals at different levels differ from each other, as well as what are the development opportunities and aspects that can be used as effectively as possible on social media platforms. The handball club teams agreed on several research questions, but a significant difference could also be discovered in one area, in which the professionals responsible for social media disagreed or represented a different point of view. Looking at my results, it can be concluded that behind a successful online marketing strategy there is always serious preparation and planning work, as well as the diversification of content production on different platforms, because the consumer communities of the platforms are also different from each other.
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Vállalkozói képzés a 21. században a felsőoktatásban – lehetőségek, módszerek, jó gyakorlatok
1-18Views:495Challenges of the 21st century require answers from higher education as well. In Europe, most of the entrepreneurship programmes on the higher education institutions are less than ten years old. Whilst business studies may battle for academic legitimacy, it has a clear advantage when it comes to graduate employability. The aim of this paper is to give answer to the following questions: why entrepreneurship education is important, what are the methods which are already used and what are the results of them. The answers to the questions are based on literature reviews, a case study and in-depth interviews with alumni carried out at the University of Debrecen, where since 2010 Team Academy Debrecen, a new education model from Finland is implemented. Tiimiakatemia education is an innovative Finnish model founded in 1993 by Johannes Partanen that develops team entrepreneurs. Based on the results some of the important elements of entrepreneurship teachability are: learning by doing, passion, learning in teams, coaching and mentoring.
