scholarly journals ANALYSIS OF VALUE ADDED DISTRIBUTION AND LEVEL OF TRANSACTION COSTS IN THE RUSSIAN CORPORATIONS

2014 ◽  
Vol 2 ◽  
pp. 83-89 ◽  
Author(s):  
Dmitri Pletnev ◽  
Ekaterina Nikolaeva ◽  
Zinfira Bitkulova
Keyword(s):  
Transaction Costs ◽  
Management Practices ◽  
Profit Maximization ◽  
Value Added ◽  
Metallurgical Industry ◽  
Integrated System ◽  
Added Value ◽  
Business Practices ◽  
New Approach ◽  
Operational Criteria

Modern understanding of the corporation as an integrated system driven by a common goal of profit maximization has brought both economic theory and management practices to a deadlock. Incorrect understanding of the modern corporation’s core, as well as inability to adequately assess them, became one of the causes of the global economic crisis.  One of the promising “reanimation” options of the modern firm theory is the institutional approach. However, this approach is in dire need of measurable operational criteria and indicators that would tie business practices together with their basic theoretical categories: institute, contract, and transaction costs.The scope of this paper is to offer and demonstrate the possibilities of testing methodology for assessing the corporation as an institutional unit of an economic system. To do so, we propose a new approach in the assessment of institutional compliance of the corporations with the expectations of their major subjects.  It is based on estimating the distribution of the gross added value between the subjects.  Moreover, the technique of assessing the level of transaction costs in corporations, based on data accounting, is proposed.  The methods were tested on examples of real Russian metallurgical industry corporations as reported between 2003 and 2012.  The presence of a statistically significant negative connection between the share of value added revenue and level of transaction costs, as well as between the share of value added at the owners disposal and the transaction costs level, was established.  The presence of a statistically significant positive connection between the level of transaction costs and share of value added, at the disposal of workers, was established.

scholarly journals Calculating Value Added of Prostitution with Multiple Data: A New Approach for Belgium

2017 ◽  
Vol 47 (1) ◽  
pp. 58-86 ◽  
Author(s):  
Stef Adriaenssens ◽  
Jef Hendrickx
Keyword(s):  
Sex Workers ◽  
Relative Size ◽  
Value Added ◽  
Added Value ◽  
Standard Errors ◽  
New Approach ◽  
Economic Output ◽  
Multiple Data ◽  
Innovative Methodology ◽  
Starting Point

Economic output implies that underground sectors such as prostitution are taken into account. This article presents an innovative methodology to measure turnover and added value in prostitution based on a combination of observational and Internet data. The method is applied to Belgium. Turnover is broken down in transactions and price per segment. The starting point is an observation-based measure of turnover in one locational and visible segment of the market: window prostitution. Fundamental differences between segments make linear generalizations from one segment invalid. Therefore, we estimate the relative size of transactions in other segments (such as brothels or escort) with Internet data. In combination with measures of average price per transaction, a consolidated estimate of turnover in prostitution in Belgium is measured. Estimates of nonresident production are based on data on sex workers’ country of origin. Several bootstrap replications allow for robustness checks of the delta-based standard errors.

scholarly journals Historical Development of Earnings Management Models

2021 ◽  
Vol 92 ◽  
pp. 02058
Author(s):  
Anna Siekelova
Keyword(s):  
Earnings Management ◽  
Historical Development ◽  
Management Practices ◽  
Current Issue ◽  
Value Added ◽  
Added Value ◽  
Management Issue ◽  
Management Models ◽  
The Usa ◽  
The 1960S

Research background: Contribution responds to the current issue of Earnings Management (hereafter „EM“) initiatives. Authors have been dealing with EM initiatives since at least the 1960s. Initial studies came from the USA. Due to the globalization, awareness of EM techniques and models created abroad is also reaching European countries. Especially after the recent economic fluctuations (financial crisis in 2009; COVID-19 in 2020), the application of EM principles in companies with an effort to achieve a balanced profit can be assumed. The issue of earnings management has begun to be associated with the issue of its measurement. The problem is a large number of models, so choosing one is not easy. Although earnings management issue has been investigated under various hypotheses, there is no agreement on a uniform detection or measurement of earnings management practices. A number of earnings management models can be found in studies. Many of them were created recently, others are older. Most originated abroad. Purpose of the article: The aim of the paper is to clarify the historical development of earnings management models. Methods: Bibliometric analysis for historical development of EM models. Findings & Value added: The added value of the contribution is in the clarification of the historical development of the EM model as well as clarify the development of profit models.

scholarly journals The Concept Study of Knowledge Value Added in Museum Digital Archives

2020 ◽  
Vol 17 ◽  
Keyword(s):  
Digital Media ◽  
Management Practices ◽  
Value Added ◽  
Added Value ◽  
Digital Collections ◽  
Analog To Digital ◽  
Modern Culture ◽  
Digital Collection ◽  
New Perspective ◽  
Knowledge Value

Museum digital collection should explore its past (object digitization), present (cultural relic interpretation) and future (knowledge value-added and management) practices and benefits. Therefore, it needs a new perspective. Its importance and the preservation and reuse of Museum digital resources are worthy of attention. Looking at the development of museums, when modern culture has rapidly progressed from analog to digital media, from atoms to the world of bits, the role of museums in collecting objects has changed accordingly. The technology of information communication will become more important for the creation, sharing and preservation of Museum cultural resources through the reproduction and reproduction of exhibits. Based on the basic concepts of digital collections, this study aims to provide a clear direction for the development of Museum digital collections by clarifying the concept of knowledge added value

scholarly journals Creating Value Added for an Enterprise by Managing Information Security Incidents

2019 ◽  
Vol 1 (1) ◽  
pp. 156-162
Author(s):  
Żywiołek Justyna ◽  
Alberto di Taranto
Keyword(s):  
Information Security ◽  
Positive Impact ◽  
Action Plan ◽  
Value Added ◽  
Metallurgical Industry ◽  
Added Value ◽  
False Alarms ◽  
Preventive Actions ◽  
Production Company ◽  
Security Incidents

AbstractThis article presents the structure and analysis of information security incidents in a production company in 2015-2017. The purpose of the analysis is to identify incidental events and their frequencies. The analysis includes the occurrence of notifications, threatening events, employee errors and false alarms. The conducted research includes also the procedure for handling the incident in the enterprise. The enterprises very often avoid informing their contractors about the occurrence of incidents. Thanks to the analysis of incidents and a clearly defined action plan, the examined enterprise tested the incidents and actions taken with them as a method of creating the added value of the enterprise during the period under consideration. The conducted research has shown that contractors who are aware of preventive actions taken, as well as those affecting information security even after the occurrence of an incident, are more willing to provide trust and even support to the surveyed enterprise. The conducted analysis is a pilot study carried out in one large enterprise in the metallurgical industry. The aim of the conducted research is to show that the incident or negative event may have a positive impact on the company's image. The research was carried out with the use of a questionnaire and in-depth interview with representatives of enterprises that are co-operators of the examined company.

scholarly journals Istota kreacji wartości dodanej w rolnictwie i na obszarach wiejskich

2018 ◽  
Vol 18(33) (2) ◽  
pp. 117-129 ◽  
Author(s):  
Józef Kania ◽  
Wiesław Musiał
Keyword(s):  
Rural Areas ◽  
Business Models ◽  
Value Added ◽  
Added Value ◽  
New Approach ◽  
Positive Effects ◽  
New Business ◽  
The Creation ◽  
Definition Of ◽  
New Business Models

The aim of the study is to broaden the definition of the added-value concept in agriculture and in rural areas. To start, reference was made to the location of this concept in relation to the economics of agriculture and then to the various processes that occur or should occur in rural areas creating or conditioning the expected positive effects, which were called the Value-added. Then, the creation of added value in the agricultural supply chain was analyzed with an old and new approach to its creation. The case analysis was conducted for the "Owoc Łącki" company, which assessed the ways of creating added value and the form of integration of fruit producers. The effect of the analysis is the multiplicity and diversity of defining and describing conditions for the creation of added value. The presented examples, practices and approaches in increasing the added value can be an inspiration for advisors, especially farmers looking for new business models, thus increasing their income.

scholarly journals Explanatory Power of Earnings Management Models

2021 ◽  
Vol 92 ◽  
pp. 02041
Author(s):  
Zdenko Metzker ◽  
Anna Siekelova
Keyword(s):  
Earnings Management ◽  
Management Practices ◽  
Slovak Republic ◽  
Explanatory Power ◽  
Value Added ◽  
Nonparametric Test ◽  
Added Value ◽  
Economic Conditions ◽  
Significance Level ◽  
Management Models

Research background: Authors deal with the current issue of Earnings Management (hereafter „EM“). It can be said that the emphasis on this issue is constantly growing, especially abroad. Under the condition of Slovak economy, earnings management practices are considered to be a currently developing issue. Based on the globalization, EM practices, models and techniques created abroad are also reaching European countries. Mainly after the recent economic fluctuations caused by financial crisis or COVID-19, the application of earnings management principles in companies with an effort to achieve a balanced profit can be assumed. Within studies or researches, there are many earnings management models. Most of them were created abroad. It means in different economic conditions. There is therefore a question of their use in the conditions of the Slovak economy. Particular importance is their explanatory power, which they achieve in different economic conditions than those in which they arose. Purpose of the article: The aim of the paper is to test the explanatory power of selected foreign models in the Slovak Republic. Methods: Statistical methods used in selected EM models (regression, Mann-Whitney nonparametric test); adjusted R square predicted sign of a variable, standard deviation significance level of model to verify the explanatory power of selected models. Findings & Value added: The added value of the contribution is in the testing of the explanatory power of selected foreign models in other economic conditions in which they were created.

Governance for quality management in tropical food chains

2007 ◽  
Vol 7 (1) ◽  
pp. 1-9 ◽  
Author(s):  
Aad van Tilburg ◽  
Jacques Trienekens ◽  
Ruerd Ruben ◽  
Martinus van Boekel
Keyword(s):  
Supply Chain ◽  
Quality Management ◽  
Transaction Costs ◽  
Case Studies ◽  
Management Practices ◽  
Value Added ◽  
Food Supply Chains ◽  
Trade Offs ◽  
Supply Chain Governance ◽  
Required Quality

This paper provides a framework that focuses on the linkages between several key dimensions of supply chain organisation and performance of perishable tropical food products. The focus is on the relationship between governance regime and quality management, however, two other related variables are also taken into account because they impact this relationship: channel choice and value added distribution in the supply chain. Governance regimes focus on how to enhance coordination and trust amongst supply chain partners and how to reduce transaction costs. Quality management deals with how to manage food technology processes such that required quality levels can be improved and variability in quality of natural products can be exploited. Governance regimes in relation to quality management practices are discussed to the extent that supply chain partners are able, or are enabled, to invest in required quality improvements. Reduction of transaction costs, creation of trust-based networks and proper trade-offs between direct and future gains may offer substantial contributions to effective quality management and enforcement. This framework has been applied to nine case studies about food supply chains originating from developing countries (Ruben et al., 2007). Three of these case studies are summarised in this paper to illustrate what challenges can be derived from this study. These selected case studies concern fish caught in Kenya, mangoes grown in Costa Rica and vegetables produced in China.

Implementasi Analisis Proses Bisnis Sebagai Upaya Pengurangan Biaya

2019 ◽  
Vol 10 (1) ◽  
pp. 1-27
Author(s):  
Aniek Wijayanti
Keyword(s):  
Business Process ◽  
Cost Reduction ◽  
Process Analysis ◽  
Value Added ◽  
Added Value ◽  
Natural Material ◽  
Management Activity ◽  
Procurement Process ◽  
Material Procurement ◽  
The Cost

Business Process Analysis can be used to eliminate or reduce a waste cost caused by non value added activities that exist in a process. This research aims at evaluating activities carried out in the natural material procurement process in the PT XYZ, calculating the effectiveness of the process cycle, finding a way to improve the process management, and calculating the cost reduction that can achieved by activity management. A case study was the approach of this research. The researcher obtained research data throughout deep interviews with the staff who directly involved in the process, observation, and documentation of natural material procurement. The result of this study show that the effectiveness of the process cycle of natural material procurement in the factory reached as much as 87,1% for the sand material and 72% for the crushed stone. This indicates that the process still carry activities with no added value and still contain ineffective costs. Through the Business Process Mechanism, these non value added activities can be managed so that the process cycle becomes more efficient and cost effectiveness is achieved. The result of the effective cycle calculation after the management activities implementation is 100%. This means that the cost of natural material procurement process has become effective. The result of calculation of the estimated cost reduction as a result of management activity is as much as Rp249.026.635,90 per year.

Influence of Knowledge Management Practices on Public Service Delivery by Municipalities

Mousaion ◽  
2019 ◽  
Vol 37 (3) ◽  
Author(s):  
Charleen Musonza ◽  
Ndakasharwa Muchaonyerwa
Keyword(s):  
South Africa ◽  
Knowledge Management ◽  
Service Delivery ◽  
Public Service ◽  
Qualitative Data ◽  
Management Practices ◽  
Integrated System ◽  
Eastern Cape Province ◽  
Eastern Cape ◽  
Public Service Delivery

This study examines the influence of knowledge management (KM) practices on public service delivery by municipalities in the Eastern Cape province of South Africa. The study sought to determine the factors that have triggered the implementation of KM practices; the effectiveness of KM practices towards public service delivery; and the extent to which KM practices have influenced public service delivery by municipalities in the Eastern Cape province of South Africa. Both quantitative and qualitative methods were employed in this study. Quantitative data were collected through a survey questionnaire administered to a sample of 202 employees at the Raymond Mhlaba Municipality in the Eastern Cape. Qualitative data were collected through observations and interviews of 2 senior managers. The data collected gave a response rate of 72 per cent. The quantitative and qualitative data were analysed descriptively and presented verbatim respectively. The results indicated that the internal and external factors included in this study have contributed to the implementation of KM practices in the municipality. Furthermore, the effective use of KM practices has increased the organisational KM initiative, as well as the provision of services such as electricity, education, transport, and social services by the municipality. The study recommends the establishment of KM awareness and the establishment of an integrated system that will assist in effective knowledge sharing, retention and acquisition across municipalities in the Eastern Cape.

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