Business Commons^™

The Human Capital Valuation: A Methodological Proposal Among Intellectual Capital Elements, Domenico Celenza, Fabrizio Rossi

International Journal of Business and Technology

Intellectual Capital (IC) is an important source of value for companies and in recent years has been the focus of attention for scholars. In a knowledge-based economic scenario the role of human resources has been reallocated over time in the theory of the firm to a higher degree than in the past. The worker's labor and management have been transformed as a result of the growing attention to the intangible assets held by each business system. In knowledge economy, manufacturing industries are investing more and more in the processes of scientific and technological research in order to introduce new knowledge …

Communicating Strategically – Talking Less, Targeting Better Qualitative Study On Corporate Communication’S Learning In Leading Global Companies, Lukasz M. Bochenek, Sam Blili

International Journal of Business and Technology

Companies need to communicate strategically in order to maintain dialogue and relationships with their stakeholders. In the crowded media and social media space the messages disappear in the noise generated by multiple actors. Therefore, to be heard the enterprises need to consider their communication strategically. It is not about the amount of information; it is about right targeting and usage of the right tools and channels. Social media allowed the companies to communicate directly with their stakeholders and customers. Different channels can address different stakeholders. This study focuses on a qualitative assessment of the learning patterns and profiles among 60 …

Creation Or Destruction Of Value In Mergers? An Empirical Analysis On The Italian Stock Market, Fabrizio Rossi

International Journal of Business and Technology

The objective of this paper is to investigate whether mergers create value for shareholders in both the short and long term. For this purpose, 120 announcements of mergers that were registered in Italy during the period 1994-2006 among listed companies were examined. The short-term analysis was conducted using the event study methodology in order to estimate the cumulative abnormal returns (CARs) in the time window around the announcement date (-10, +10). In this work, the sample of 120 mergers was divided into two sub-samples: the first considers the mergers that were carried out in all sectors of the economy, and …

Organizational Culture In Public Institutions And Its Effect Over The Implementation Of Total Quality Management Process- Kosovo Case, Ilir Rexhepi, Ermira Qosja

International Journal of Business and Technology

Total Quality management (TQM) is a philosophy management method, the importance of which continuously has been growing after '90. There is relatively short time since Kosovo Public Institutions are practically doing their activity as a part of an independent Country, and as such day by day they are facing with different management challenges which continuously are becoming more rough and tough towards the EU integration process.

Total Quality Management within Public Institutions, is leaded by the phase of establishment and implementation of Quality management Systems based on ISO 9001. In this process, through a deep empiric study in three Kosovo …

The Risk-Based Role Of Internal Audit Within Albania, Public Organizations, Holtjana Bello, Vjollca Karapici

International Journal of Business and Technology

The aspiration of Albania for European integration has added mandatory requirements for public sector to modernize the internal audit function in adherence with International Internal Auditing Standards. According to such Standards supported by Picket (2005) and CIPFA (2003) the internal audit is an assurance function that provides independent opinion on the effectiveness of internal controls that support the achievement of the organizations objectives. Internal auditors can provide consultancy service, in particular to aid management to improve the organization control environment.

Meanwhile, Diamond (2002) explains that the internal audit role, remit, scope and activities are driven by the macroeconomic objectives and …

Alarming Factors In Predictability Of Failure Of Financial Institutions, Mo Vaziri, Rafiqul Bhuyan, Ponkala Anand Vaseekhar Manuel

International Journal of Business and Technology

The impact of failure of financial institutions is beyond just the failure of a public corporation. The failure of financial institutions in the USA, is a clear evidence that the greater macro impact is beyond just the failure of few financial institutions. It can bring down the entire economy and can have global devastating impact. By realizing the grave systemic risk of the failure, US government is forced to intervene and bail out many institutions for greater macro-economic reasons. It raises the view that perhaps the current regulating policies and methods are lacking efficiency in predicting the possibility of failure …

Family Friendly Policies In Organizations And Their Effects On Work-Life Balance, Work Alienation And Life Satisfaction, Pelin Kanten

International Journal of Business and Technology

This study aims to research the effect of family-friendly policies on work-life balance, work alienation, and life satisfaction. In the literature studies suggest that, family-friendly policies are evaluated within the scope of human resource management practices; they are associated with positive individual and organizational outcomes. Accordingly, this study deals with work-life balance, work alienation and life satisfaction variables which are expected to be affected by family-friendly policies. In order to examine the effect of family-friendly policies on these variables, 208 people employed in three different marble companies in Turkey are included in the research. Based on the findings, there are …

The New Public Management In Transition Countries- Public Sector Decentralization And Local Governance Reform In Kosovo, Ibrahim Krasniqi

International Journal of Business and Technology

Public administration management in most developing countries is changing rapidly through reform processes with respect to public service delivery and the stimulation of economic growth. That change, in general is affected by the need for policy reform, has resulted in different structural public management reforms known as decentralization and ‘the new public management’, reflecting a movement away from the old values and norms of public administration management. This paper discusses the issue of local government reform processes in Kosovo in parallel with the new public management processes in the country. Local government reform has been and is a priority of …

Can Credit Scoring Models Prevent Default Payments In The Banking Industry In The Period Of Financial Crisis?, Violeta Madzova, Nehat Ramadini

International Journal of Business and Technology

Credit scoring is a scientific method of assessing the credit risk associated with new credit applications as well as for monitoring of the credit risk in the process of the loan payment. Therefore credit scoring models developed in the banks based on their internal information system, as well as the credit info system in the country, can help the banks to ensure more consistent underwriting and can provide management with a more insightful measure of credit risk. While credit scoring could be a valuable risk management tool in virtually any bank setting, it is probably not wide accepted in the …

The Impact Of Product And Labour Market Deregulation, Armend Muja

International Journal of Business and Technology

Economists have often talked about the European Paradox:” - Europe having the necessary knowledge and research but failing to utilize these advantages and bring them to the markets. The perception, largely attributable to the media reporting, is that Europe lags behind the United States in innovation. While it is true that most of the e-commerce innovations were developed in the United States, Europe’s economies did well over the 1990s despite the lack of major breakthroughs in high-tech sphere. Thus, it is hard to say that Europe is facing an innovation crisis, and I will argue that Europe has other advantages …

Corruption And Tax Evasion: Evidence From Albanian Enterprises, Ermira Hoxha Kalaj

International Journal of Business and Technology

This article focuses on survey data and qualitative evidence from Albanian manufacturing firms to examine the scale and consequences of corruption and tax evasion at the enterprise level. It discusses the costs and benefits from the entrepreneur’s perspective. The vector of covariates includes information about; use of external finance, policy influence, experience of corruption, firms size and ownership structure. To control for differences in the availability of collateral, the proportion of the fixed assets is included. The models used in the paper are probit where the dependent variable is binary and ordered probit where the dependent variable is categorical and …

The Impact Of Occupational Stressors In Public Administration: What Should Employees Do?, Edit Lezha, Gezim Dibra, Jozef Bushati, Bujane Topalli

International Journal of Business and Technology

Frequent and rapid changes are influencing factors in the quality of human life. Work intensity, the difference between material and spiritual needs of employees and their needs balance, are more general factors that cause stress at work. These requirements may be perceived as positive or negative challenges. Requirements imbalances can lead in procrastination which increase work related stress and concern in managing it. So stress is a consequence of the interaction of employees with conditions that surround them, but, on the other hand employee themselves can affect their own level of stress that they are experiencing in workplace. Organizations that …

Impact Of Customer’S Queuing Over Service Quality A Case Study On Mobile Phone Operators In Macedonia, Nehat Ramadini, Violeta Madzova, Sejdi Xhemaili

International Journal of Business and Technology

The worldwide mobile phone market recently is enormously growing associated with a strong demand for smart phones across the entire globe. International Data Corporation (a premier global provider of market intelligence data) argues that the overall mobile phone market is growing faster than previously forecasts, with over than 1.8 billion mobile phones during 2014, and expects to sell over 2.3 billion mobile phones in 2017, in a single year. The world trend in customers’ demand has caused a strong competition among mobile phone companies. Given that the customer satisfaction is a fundamental marketing tool, and companies have gained better understanding …

Economics Of Milk Yield Losses In One Dairy Farm In Macedonia Associated With Clinical Mastitis, Fetai Valdrina, Nakov Dimitar, Jashari Besirm, Trajchev Metodija

International Journal of Business and Technology

Mastitis remains one of the major disease in dairy herds, causing profound economic losses to the entire milk production chain due to changes in the milk quality and milk yield. A one year cross-sectional longitudinal survey was carried out to evaluate milk yield losses associated with occurrence of clinical mastitis cases in one dairy herd. Cows that had clinical mastitis and clinically healthy cows during lactation were included in the study. The traits analyzed were the average of the monthly test day milk yields, cow parities and days in lactation while first case of clinical mastitis was occurred. For these …

The Impact Of Budget Deficit On Inflation An Econometric Approach For The Period 1994 – 2012, Ardit Gjeçi, Juljan Hysa

International Journal of Business and Technology

The aim of research is to define and explain a relation between macroeconomic indicators such as the budget deficit and inflation. Under consideration is taken the period between 1994 – 2012, a period which has had an intensity and greater attention by the internationals in terms of performance of the economy. The paper studies these indicators mainly through econometric model, by considering indicators a function of each other. Main hypothesis of this research is: “If we increase the budget deficit and money supply, the rate of inflation is expected to increase." Based on the inflation model only in relation with …

Determinants Of Transition From School To Work In Albania, Eni Alikaj, Esmeralda Shehaj

International Journal of Business and Technology

The transition from school to work is a very important stage in the life of the youngsters, during which they aim at a satisfactory integration in the labour market. However, in this process they often face different barriers, such as high unemployment rates, and economic inactivity. In Albania, youth unemployment is about twice as much as that of the total unemployment rates and has shown an increasing trend during the last years. In 2014, 32.5% of the youngsters were unemployed. Furthermore, the rate of those not being in employment, education, and/or training in 2014 was 34.5%, of which 36% are …

Tourism Development Post Global Financial Crisis: Case Of Albania, Arjan Tushaj, Rakela Thano

International Journal of Business and Technology

Tourism is the elastic sector and capable of demonstrating the significant capacity past the crisis occurrence despite it is more appreciable in the short run. The global financial crisis during 2008 – 2009 passed likewise the adverse external shock to developing countries and we faced to the consequences of it. It had the significant impact on the tourism sector. Empirical results demonstrated that tourist revenues tend to be more affected than cash tourist during the time of crisis. Impact of the crisis on the tourism sector associated with the different effects in diverse countries. The crisis around the world brought …

Strengthening Artisanry By Associating It With Tourism (Region Of Shkodra), Ermira Qosja, Vasilika Zeka

International Journal of Business and Technology

Culture is one of the greatest assets of a country, and it has the potential to become a source of income, if it is managed effectively. The handcrafts of the Albanian artisanry are a part of our culture, but still far from having an effective role in the development of tourism. Associating artisanry with tourism is of great interest for the present, as well as the future of the Region of Shkodra, and studies to this end are important. The objective of this paper is to study the effect of the growth of tourism in the increase of sale of …

Testing The Martingales Property Of Daily Exchange Rate, Rozana Liko, Artion Kashuri, Miftar Ramosaco

International Journal of Business and Technology

The purpose of this paper is to test whether the Albanian exchange rate market is weak form efficient by studying the statistical behavior of daily Euro and USD exchange rate against Albanian Lekё, which are the most influential currency in Albania market, during the period January 05, 2010 – April 30, 2015. The study seeks to examine whether this currencies follow each a martingale. The unit root tests (individually and panel) and variation ratio test are used. The various analytical tests implemented in the study provide evidence of non-martingale property of exchange market in Albania.

Boosting Growth Through Intra-Regional Cooperation: Macedonia And Albania, Jasminka Varnalieva, Nehat Ramadani

International Journal of Business and Technology

The purpose of this paper is to explore the status of economic cooperation among countries in the South East Europe (SEE) with particular attention on the cooperation between Macedonia and Albania. In line with the SEE 2020 Strategy adopted by the EU aspiring countries in 2013, increased intra-regional cooperation among the countries should be used as a preparation for a smooth and faster European and Euro-Atlantic integration. This paper provides an in-depth analysis and statistics of the overall economic cooperation, trade patterns and capital movement among the countries and identifies major obstacles for increased cooperation that could result in higher …

The Interrelationship Between Financial Attitude, Financial Behavior And Financial Knowledge, Dorjana Nano

International Journal of Business and Technology

Financial literacy is shown to be an important life skill for people. It influences people every day financial decisions and has a macro impact on the economy and financial satisfaction of the society. Studies revealed financial literacy to cover three dimensions: financial knowledge, financial attitude and financial behavior. This research aims to examine the interrelationship between the three components of financial literacy. The main objectives of the current research are: a) firstly, to provide some evidences of the existing literature on the linkage between financial knowledge, financial attitude and financial behavior; b) secondly, to inspect this association in the case …