Business Commons^™

The Statistical Comparison Of Remittances In Kosovo With Balkan Countries, Blerina Jashari, Mentor Geci

UBT International Conference

Taking into account that Kosovo is a developing country, revenues coming from other countries play an important role. The paper will present a clear picture that examines the level of remittances in the country as well as external countries. In addition to the level of remittances, a literature review will also be made regarding the methodology used. Remittances received in Kosovo, which also represent the largest category within the secondary income account, amounted to euro 568.8 million in September 2015, representing an annual growth of 12.5 percent. One of the reasons why a remittance study is done is to identify …

Use Composite Commutation Functions In Determining The Diffie-Hellman Keys, Faton Kabashi, Azir Jusufi

UBT International Conference

The Diffie-Hellman protocol was proposed by Whitfield Diffie and Martin Hellman. Diffie and Hellman wanted a mathematical function where encryption and decryption would not be important, ie �(�(�))=�(�(�)). Such functions exist, but most are two-way, ie finding inverse functions is easy work eg. such a function is � (�) = 2�.

A practical example of these functions is the electrical switch. However, these functions are not usable in cryptography. Important are the concrete forms of so-called one-way functions. These problem functions appear to find their inverse functions, which are found through complex procedures. So for a given � we can …

Contemporary Trends In Banking, Bashkim Nuredini, Muhamet Gërvalla

UBT International Conference

Over the recent decades, serious changes occurred in the economic, technological and social development, having reflected on banking operations. Changes ensuing today in the field of banking are of utmost significance. Banks are becoming multifunctional or in a certain fashion, are becoming genuine department stores of modern age. The globalization of financial and banking flows is realized by conceiving a new banking concept, due to bank adjustment to the new conditions of management. The traditional bank role has been evidently altered, hence banks in present-day conditions, apart from the standard banking operations, conduct a major number of unconventional banking operations, …

The Determinants Of Bank Interest Rate Margins: A Panel Approach For Some Balkan Countries, Fidane Spahija Gjikolli

UBT International Conference

Studying interest rates has always been in focus of researches. Loans are the main source of funds for businesses and individuals, especially in the Balkan countries. The main problem is that high interest rate margins can indicate many factors, such as: The informal economy, problems with the cadaster system, an ineffective job of courts, the inability of Central Banks to inject liquidity, weaknesses in the quality of financial reporting of businesses, non-performing loans. It looks like all these problems are in favor of banks, by maximizing their profit. It is well known that the intermediary role of bank is to …

An Approach To The Capacity Management Of The Public Health Institutions: University Clinical Centre Of Kosova Case Study, Ylber Limani, Marigona Markaj

UBT International Conference

This research aims the evaluation of the state of capacity management condition in the public and private health enterprises, as well as its impact on the overall performance, on the quality of services provided, and on achieving enterprise strategic objectives. The supposition is that enterprise capacity in health sector face deficiency on strategic planning. The research model includes a combination of qualitative and quantitative methods in order to examine the problem more intensely. The research is conducted by interviewing respondents engaged in health public and private enterprises management. Capacity management has to do capacity design, planning and organizing, as well …

Logistics Support Issues In Disaster Operations, Vedat Shaqiri

UBT International Conference

The purpose of this research is to identify issues related to logistics support in disaster operations. This was established based on the existing academic literature as well as through the case study of South-East Asia Tsunami event of 2004. Asian tsunami of 2004 pushed academics from logistics as well as practitioners of different subjects to increase their interest in disasters logis-tics. Despite a plethora of studies in the field of disasters, however, negligible attention has been devoted to the study of logistics issues related disaster relief operations. This study finds that a need for a more in depth examination of …

Profitability And Efficiency Of The Bulgarian Banks – Large, Medium-Sized And Small Banks, Irina Petkova Kazandzhieva-Yordanova

UBT International Conference

The paper analyses different indicators ROA, ROE, net interest margin, net noninterest margin /fees and commissions/, deposit growth, credit growth, as well as the ratios Loans-to-Deposits, Own Capital-to-Assets and the main components of the asset side of the balance sheet as loans, financial instruments and monetary funds for the large and medium-sized and small banks in Bulgaria. These indicators are analyzed individually for each bank but conclusions are drawn on the group level – large banks and medium-sized and smaller banks. The analysis show that the bigger banks have higher ROA and ROE for the analyzed period compared with the …

Sale Of Personal Successful In The Context Of Marketing, Hamëz Rama

UBT International Conference

Huge development of science and technology at the beginning of this century has affected directly in economic development, the appearance of a rich offer on the market the increase in living standards, the contemporary and quality way of life, etc., personal sales gave a new dimension, quality and new content. By leaving behind the way the traditional sales distribution, the new concept of sales, ranging from sales through the slot, mail, shopping centers, internet "e-bay", etc. introduced radical changes to this concept in communication between seller and buyer. These qualitative changes not only in the spatial view, time of the …

An Initial Key Evaluation Of The Strategic Interaction Between Macroeconomic Policies In Albania, Bernard Dosti, Elena Polo

UBT International Conference

Monetary and fiscal policy constitutes principal macro-policies, even though they are usually designed and implemented with quite different - sometimes even contrary - goals. Although they have a certain degree of independence mostly in the institutional basis, there is also a considerable level of interdependence between them. This one is usually found in the literature with the term “interaction” and then “harmonization” when the country operates within a monetary union. The first objective of this paper is to shortly identify main elements of the interaction between macro-policies. The second objective is to evaluate this mutual interaction among them for the …

Assessment Of Education, Attitudes And Financial Behavior Towards Financial Decision-Making - The Case Of Students With Economic Aid, Perseta Grabova, Meril Canameri, Merlina Guni, Jona Hoxha

UBT International Conference

In today's society, individuals face financial pressures since a very young age. International studies in the field of behavior and financial literacy have shown that individuals who acquire financial knowledge at an early age will be able to manage their money, make the right financial decisions, and con-tribute to the financial stability of their country. Other studies argue that limited financial literacy is an important obstacle for low-income households to require products and financial services as they do not know or are unfamiliar with such products and services and consequently, they cannot obtain them. By analyzing the perception of the …

The Impact Of Entrepreneurship And Strategic Management In Kosovo Sme Sector, Enver Krasniqi, Sehare Maliqi, Dea Krasniqi

UBT International Conference

This paper examines the impact of Entrepreneurship Activities and Strategic Management in SME sector in Kosovo. The subject was developed based on a broad literature and practices in the SME development sector, and the great importance of strategic activities in regards of firms’ growth.

While preparing the paper, various methods were utilized for researching and studying strategic economic development, with the focal points in SME development. It is well known that the purpose of strategic development for Entrepreneurship is to develop the capacity for local economic development, to strengthen the future of economy and life quality for all citizens. During …

Raising Risk Equity Capital Through A Private Placement Process In Emerging Markets, Elena Ralinska, Zlatin Sarastov

UBT International Conference

A survey on the full cycle of raising equity capital for risky ventures in emerging markets is reviewed on the basis transactions in Bulgaria. A special emphasis is put on the particulars and specifics of the process when applied in uncertain environment and emerging markets where even the capital expenditure on project structuring and execution is very sensitive. Main pitfalls are identified and the fastest and most efficient route from time and cost perspective is suggested. Real life cases on a no-name basis are being used to review the main characteristics of the process.

Accounts Receivable Management To Medium Enterprises In Kosovo, Besmire Aliu, Liridona Ismaili, Zelfije Osmani

UBT International Conference

Facing numerous economic problems, one of them is doing business. This paper will provide a reflection on the operation of cash-free sales. The paper will be dealt with in two aspects: theoretical and practical. It will be examined Management of accounts receivable in medium-sized enterprises in Kosovo. There will be talk of accounts receivable, their management, including sales conditions, information gathering, cash and payout ratio at different time periods, accumulation within the year, bad debts and business relationships, and customers.

Capital Structure In Construction Sector: What Does It Depend On?, Liudmila Guzikova

UBT International Conference

Construction is one of the basic branches of national economy creating the material basis for the most of economic and social activities, as well as of the personal welfare and being of the people. Construction sector consists of enterprises including large, medium and small businesses. The interaction of different types of construction business allows ensuring the proper volume of construction and providing flexible and quick response to demand changes, trends, and challenges. Construction companies need capital to support their performance and they create capital structure combining the available sources of equity and debt. There are two well-known theoretical provisions used …

Trends And Challenges Of Export Performance In The Republic Of Macedonia, Nehat Ramadani, Violeta Madzova

UBT International Conference

Republic of Macedonia, as a small and open economy, continuously works on improving its export performance, aiming not only to increase the quantity and value of the its total export, but also to improve the export quality, hereby moving the export structure from dominant traditional export products to new capital intensive goods. However, despite successful integration of Macedonian exporters into European supply chains, there is a significant room for improvement in the overall quality of export performance. The paper aims to give empirical evidence of the selected performance indicators of the Macedonian exports over a ten years period. It’s used …