Procedia Economics and Finance最新文献

This study aims to examine the relationship between economic growth and highly featured development indices using a cross sectional data of 12 countries from both developed and developing world between the years 2000 and 2013. The indices of corruption, democracy, freedom of press, human development, global competitiveness, economic freedom, and the featured development indicators of World Bank such as average schooling years, life expectancy, female labour force participation rate, health expenditures rate in GDP, export rate of high technology, and employment rate are used to investigate the relationship in between economic growth and development indices. In order to exploit this relationship, all individual indices are reformed to produce form a single index, what we call harmonic index. The findings show that the higher scores of harmonic Index are associated with higher GDP per capita all levels except Saudi Arabia.

The main aim of this article is to develop a new approach to Cause Related Marketing (CRM) that shows the use of the innovative potential of prosumption through crowdsourcing practices to contribute to CRM campaigns. The article focuses on consumers’ attitudes towards CRM and aspects of their involvement in the CRM creation. Research results show that young consumers in the Polish market connote CRM positively, but they are bored with existing CRM programs and assess them as uninteresting. The test results showed the desire of consumers to share knowledge with companies but, as it comes about the involvement, young people do not show much interest.

The present study aimed to develop a new simulation-based algorithm for finding the local minimums of multi-level inventory control systems with random parameters. The optimization refers to minimization of cost function along with maximization of customer service level of the units. In developing the algorithm, the authors were determined to achieve a local optimum point through linear localization of limitations and Genetic Algorithm. Since point estimations of goal function and repletion rates have been done through Monte Carlo Simulation Technique, the statistical test have been employed for examining possibility and improvability of solutions. Finally, the proposed algorithm has been used in an example with three levels.

This literary paper aims to provide a literature review on halal sertu cleansing for halal integrity in supply chain management. Halal logistics is important to maintain integrity of halal products supply chain. Sertu cleansing operations is to ensure transportation and logistics carrying halal products are assured with no occurrence of contamination from non-halal. The awareness on the sertu cleansing operations in Malaysia among industry players is relatively low. Therefore, this study explores the literary review on sertu cleansing operations and procedural requirements, as stated in the Malaysian Standards MS2400:2010 for halalan-toyyiban assurance pipeline, or known as the halal supply chain management. Halal cleansing operations is significant for halal integrity implementation in the halal logistics’ equipment not only through compliance of this MS2400 requirements but what is more important to carry out with in-depth understanding and observance of the Shariah requirements. In summary, the knowledge and literature on sertu cleansing operations can be used as a reference for the halal authority, halal logistics service providers and researchers in halal logistics and supply chain management

This paper applies MPI approach to measure technical change and productivity growth in 40 Indian sugar companies for the period 2004-05 to 2013-14. The empirical findings show that on an average, Indian sugar companies have registered a negative TFP growth rate of 0.7 percent per annum, though it varies considerably across years, indicating to the existence of sugar cycle. Decomposition of TFP growth into technical change and technical efficiency change reveals that the negative growth is only due to technological regress. The study suggests that apart from bringing the technical change, rationalization of sugarcane price policy is need of the hour.

The evaluation of corporate social responsibility (CSR) becomes the problem. The practice demonstrates that currently there are methods, standards and initiatives that allow evaluating this state. The question is which approach is the right one, because his choice may depend from the findings “whom and to what purpose the evaluation serves”, from the object and subject of the evaluation, as well as from the knowledge of current trends in the evaluation. The aim of this paper, based on an analysis, is to identify appropriate approach to evaluating the CSR of the company. The CSR concept is closely connected with ethical, environmental and social audit, sustainable development, management, philanthropy and various forms of donation. De facto, CSR offers a set of principles and values on which is possible to build a more cohesive society and to establish the transition to a sustainable economic system.

In the context of European economic recovery, undeclared work has become a true challenge for the labour market policies, mainly because it affects tax revenue, social security and labour standards. Without better understanding of the main determinants of undeclared work, little can be done to prevent it. Having these in mind and based on the Eurobarometer survey, the paper aims to find the main factors that trigger undeclared work. Our findings suggest that after the economic crisis, the trust in national authorities has dropped and generated more undeclared payments, especially for the case of small and medium firms.

Banking competition has intensified in recent years, largely due to globalization, technological process and economic instability. The banking system in this context is supplied with considerable challenges, with customers’ characteristics, needs and desires consistent with the current environment (globalization, technological change and economic crisis). It is necessary to identify those features that contribute to the development of competitive advantage. In this sense, this paper shows the results of the analysis of success factors in the banking system. To obtain the results the following methods were used: in-depth questionnaire (for experts), questionnaire (for customers), observation of public information and experimentation by numerous visits conducted. These actions are taken in order to discover and define the characteristics of organizational behavior and clients. The results consist of capitalization and conceptualizing a framework for the features that will underpin the development strategies of the banking system in times of economic instability.