Official list of top500 companies according to annual revenue and net profit is provided and publicized in Hungary every year by contribution of international data service corporations as Bisnode or Creditreform. The reliability of these orders can be controlled through corporate information database of Opten or Central Statistical Office. The main purposes of this study is to identify the most important leading companies of Hungarian food industry on the basis of revenue and net profit after tax orders and to analyse financial features and changes of these in period of 2010-2015. The main focus is on the investigation of capital structure, solvency and profitability (particularly return on equity) using financial indicators. Our hypothesis is that the accompanies of leading position both in revenue and net profit are safe capital structure (low debt and loan ratio), stability in solvency and positive equity risk premium. The research is based on official annual reports, relevant macroeconomic data and international literature of financial analysis.
- Type: Case Study
- Published on: 9th January, 2018
- Keywords: Hungarian food industry, Financial analysis, Equity risk premium
- Received: 18th November, 2017
- Final revision and acceptance: 7th January, 2018
The article describes the main theoretical framework concerning the interpretation of the cultural tourism heritage, by emphasizing the principles of the interpretation, its role in the present challenges created by the tourism development in the new globalized world. The tourism demand trends show that there is an increasing of the numbers of visitors who desire to understand the past, the old cultures, to learn about different cultures and local communities’ way of living, about the architecture and history at the destination. In this context, the interpretation of the cultural heritage has to be appropriated to this democratization of cultural tourism and also to take into account the new technologies which can contribute to achieving the goals of a sustainable tourism.
- Type: Review Article
- Published on: 10th January, 2018
- Keywords: Interpretation of the cultural heritage, Tourism, Visitors, Globalization, New technologies
- Received: 17th December, 2017
- Final revision and acceptance: 8th January, 2018
Generally, in every country, there is supervision of the television broadcasting system. In Indonesia, all television broadcasting is supervised by the Komisi Penyiaran Indonesia/KPI (Indonesian Broadcasting Commission). This commission oversees broadcast television, to ensure all TV broadcasts in Indonesia comply with government regulations. Often the KPI imposes sanctions, but frequent violations still occur. This article describes the results of research on the contradiction between business interests and ethics in the television industry in Indonesia. This study uses the method of evaluation research, where researchers analyze data, here in the form of sanctions documents released by broadcasting commissions. The results reveal that all national private television stations often violate regulations. They prioritize their business interests rather than follow broadcasting guidelines, especially since KPI does not have the full authority to grant and revoke a broadcasting license. The granting and revocation of permits remains under the authority of the government, where political lobbying plays a more significant role.
- Type: Case Study
- Published on: 17th January, 2018
- Keywords: Television Business, Capitalism, Business ethics, Broadcasting License, Broadcasting Guidelines
- Received: 18th December, 2017
- Final revision and acceptance: 14th January, 2018