Articles

• Unfair banking practices, or the theoretical and practical importance of operational risk management nowadays.

  1-14

  Dávid Gulyás

  Views:

  73

  Nowadays, the management of operational risks in banking  ̶  in particular conduct risks  ̶  is becoming an increasingly important part of risk management. The financial crisis of 2008 and partly related to it, the Hungarian foreign currency loan crisis, have highlighted on the importance of this. Both crises were triggered, besides other reasons, by unfair banking practices and by the failure to respect the principle of fair banking. In my research I am looking for answers to the question to what extent can be considered unfair banking practices if banks impose several financial products on their customers, such as insurance and overdraft facilities, which they do not need. I will also examine to what extent the customers are aware of the fact, that they get a linked product and what it means for them in terms of risk-taking. My research consists of several parts. Firstly, I define operational and conduct risks. After that focusing on Hungary, I will examine the sales and commercial banking practices that played a role in the development of the foreign currency loan crisis, with a particular focus on the conduct risks. I will define what can be considered unfair banking practices. At the end of my theoretical overview I take into consideration why the linked products sold by today's Hungarian financial institutions are problematic and how information asymmetry drives a wedge between the bank and the customer. I also conduct primary research in the course of my research. Using an online questionnaire, I investigate the choice between current account structures of the Hungarian adult population. The results are analysed by using statistical methods.

  pdf (Hungarian)

  40

• The aristocratic residence of the Keglevich family in Turňa nad Bodvou

  15-29

  Tomáš Janura

  Michaela Haviarová

  Views:

  8

  The walled residence was built by Nicholas (III.) Keglevich (*1630 †1692), who was promoted to the Count-ship in 1646 and to the Baron-ship in 1687. In the years 1649 - 1692 he held the head position of the Turna County. Nicholas was significantly involved in anti-Ottoman battles, especially at the Interzimur and Somogy counties. Only the perimeter wall and two corner cylindrical bastions have been preserved from the manor built to this day. In the middle of the 18th century the mansion passed into the hands of Count Joseph (II.) Keglevich (*1729 †1798), who at the beginning of his career served as a valet in the court of Archduke and later Emperor Joseph II. He spent ten years in the diplomatic service as a legate in the courts of Madrid and St. Petersburg alongside the Austrian envoy of Count Nicholas Eszterházy. In the years 1767 - 1798 he held the position of the head of the Turna county, in the years 1772 - 1794 he was one of the guardians of the Hungarian crown and in the years 1794 - 1795 the office of the Hungarian royal stableman. In 1771, Maria Theresa awarded him the Commander‘s Cross of the Order of St. Stephen. Jozef (II.) Keglevich had the family manor house rebuilt in 1770. At that time the old residential wing almost completely redeveloped and built a new one, while the eastern wing was rebuilt. The construction activities resulted in the current one-wing northern wing with flat ceilings. They created the rooms without any decoration, with only white paint and black plinth.

  pdf (Hungarian)

  7

• Green Supply Chain Management and Sustainable Performance: The Role of Green Marketing in The Jordanian Food Industry

  30-50

  Saleh AL khatib

  Rama Alzu'bi

  Views:

  37

  The importance of green and sustainable operations has been at the forefront of research for supply chain (SC), performance, and marketing. Previous studies have reported defragmented results about these relationships and there is a paucity of literature regarding the moderating role of green marketing (GM) on the green supply chain management (GSCM) and sustainable performance (SP) relationship. To address this research gap, this study aims to identify the impact of GSCM on SP, and the moderating role of GM on this relationship in a developing economy context. Research hypotheses have been tested using 112 questionnaires. Regression analysis is performed to evaluate assumed direct and indirect relationships. Research results revealed a positive impact of GSCM and GM on the SP. Moreover, the moderating role of GM on the GSCM-SP relationship was partially supported. Collectively, these findings provide a theory-based understanding of the GSCM-SP and GM interactions. Hence, this study will be useful for SC and marketing managers who are highly engaged in green and sustainable operations.

  pdf

  15

• Coordination opportunities for cooperation between environmentally aware companies in Borsod-Abaúj-Zemplén county

  51-62

  Gabriella Metszősy

  Tamás Faludi

  Views:

  10

  The 21st century has seen significant changes in supply chain management. Chains with an increased number of members are now considered more like networks in the literature. Cooperation between members, coordination and synchronisation of processes have become increasingly difficult. In addition, supply chains are increasingly expected to apply environmentally friendly systems, technologies and processes. The increasing levels of pollution and the decreasing levels of non-renewable resources are also indicative of the changes in business. The objectives of organisations, and therefore of supply chains and networks, include the use of environmentally friendly solutions, but this also complicates the operation of companies and thus has an impact on coordination between members. Therefore, we have focused on a coordination solution that can effectively support supply chain coordination based on literature. Contracts are potentially a good solution for member coordination, and therefore the focus of our study is on the potential of contracts as a means of coordination in a business sphere where environmental awareness is a high demand. Thus, our study aims to establish a group of experts who are decision makers in firms with high levels of environmental awareness. Based on their preferences and using the AHP method, we would like to develop a decision support model that would help to propose a contract that coordinates the partnership at the appropriate level, taking into account the characteristics, expectations and attitudes of environmentally aware companies.

  pdf (Hungarian)

  6