Volume VI, SEA - Practical Application Of Science
Issue 19
Roxana CIOCLOV, Ion LALA-POPA
 

Management literature frequently refers to individual motivation and performance at the workplace as two interrelated concepts. The current paper takes this as its starting point. The aim of the paper is to briefly analyze how motivation can generate performance, how performance can generate motivation and how this relationship can explain both the theory and the practical consequences of the motivation <> performance dynamics. To this end, qualitative and quantitative research methods were used to investigate the perception of about 300 Romanian employees. The conclusive model which resulted from the research offers valuable insights into the factors that can influence and determine both motivation and performance at the workplace (in order of importance). It also looks at how management teams make better strategic decisions when they rely on what is most efficient for their employees in terms of the impact of motivation and performance.

  • Type: Case Study
  • Published on: 18th February, 2019
  • Keywords: Motivation; Performance; Inter-dependence; Bidirectional model
  • Pages: 7-16
  • Received: 18th January, 2019
  • Final revision and acceptance: 15th February, 2019
Volume VI, SEA - Practical Application Of Science
Issue 19
Veronika FENYVES, György SZABADOS, Zoltán BÁCS
 

The Annual Campus Festival is among the summer music festivals in Hungary which targets higher education students and attracts a large number of participants. The organisers of the festival pay special attention to enhancing visitors’ interest in sport and music events. The Campus Sport Festival takes place annually to promote sport and to provide higher education students, fans and participants from Hungary and abroad (Romania, Slovakia and Ukraine) with memorable opportunities to get to know each other and socialize. Based on the results of a survey in 2017 this study analyses higher education students’ motivation to take part in such international events and focuses on similarities and differences identified among students from other countries. A programme for statistical analysis, SPPS, was used to study the differences among students from several countries and event motivational factors were taken into consideration when administering Pearson’s chi-squared and Kruskal-Wallis tests.

  • Type: Case Study
  • Published on: 18th February, 2019
  • Keywords: Sport festival; Higher education students; Recreational sport; Spot motivation
  • Pages: 17-22
  • Received: 13th January, 2019
  • Final revision and acceptance: 16th February, 2019
Volume VI, SEA - Practical Application Of Science
Issue 19
Ascaryan RAFINDA, Tímea GÁL
 

The purpose of this paper is to explain the benefits of the educational programme for micro-investment in Indonesian rural areas. Rural communities that tend to have a low income need financial education so that people can understand the concept of investment and benefit from it. Investment at the micro level is accessible for people who have minimal investment funds. Furthermore, this paper will provide steps and benefits for micro-investment education. Finally, this research will deal with the financial side of micro-investment in agriculture. Further empirical findings are presented to demonstrate the effectiveness of this programme.

  • Type: Review Article
  • Published on: 2nd March, 2019
  • Keywords: Micro-Investment-Education; Agriculture Investment; Rural Area; Increase Income
  • Pages: 23-28
  • Received: 21th February, 2019
  • Final revision and acceptance: 1st March, 2019
Volume VI, SEA - Practical Application Of Science
Issue 19
Rawan ABUZARQA
 

Risk management has attracted the interest of financial and banking institutions recently. The financial industry has experienced financial problems and crises which lead to heavy losses and bankruptcy. The global intertwining of banking institutions, globalization of financial services, the growth of the bank credit market and its diversification have increased these risks. Therefore new efficient methods and tools need to be developed. The main purpose of this article is to provide a critical review of the concept of bank risk management; in addition, the Basel principles developed over time will be focused on (Basel I, Basel II, Basel III). This paper summarizes the results of the previous studies with a view to helping bank managers understand the banking risk management process and providing guidance for future research.

  • Type: Review Article
  • Published on: 19th March, 2019
  • Keywords: Risk; Banking risks; Bank risk management; Basel I, II, III agreements
  • Pages: 29-38
  • Received: 4th February, 2019
  • Final revision and acceptance: 17th March, 2019
Volume VI, SEA - Practical Application Of Science
Issue 19
Emanuela Maria AVRAM
 

Strong brands are rapidly spreading into a globalized society and becoming known to many people. Elements such as name, graphic representation, symbols and colors used are the most important features of a brand. They differentiate the brands and attract consumers thus having a strong impact on their buying decision. That is why looking into consumer perception about brand logo is of crucial importance to organizations. This study offers examples of different brands illustrating how powerful a good logo is. The results reveal the importance of colors and brand logo design and the power of these elements to influence consumers’ decisions and emotions.

  • Type: Case Study
  • Published on: 5th May, 2019
  • Keywords: Logo perception; Strong brands; Color; Globalized society; Consumers
  • Pages: 39-46
  • Received: 3rd January, 2019
  • Final revision and acceptance: 1st May, 2019
Volume VI, SEA - Practical Application Of Science
Issue 19
Dijan RAHAJUNI, Lilis Siti BADRIAH, Ascaryan RAFINDA
 

The aim of the Indonesian government in the economic field is to advance public welfare. The Program Nasional Pemberdayaan Masyarkat Mandiri (PNPM-M) or Community Empowerment National Program which covered 2007 - 2014, succeeded in reducing poverty in rural and urban areas, but still left problems unsolved including leaving revolving funds in the hands of the community, a high level of community dependence on loan funds scrolling, more than 50% of beneficiaries utilizing revolving loan funds for consumption. In an effort to realize prosperity, efforts should be made to divert the use of loan funds from consumption to productive activities. The socio-economic limitations of the poor are obstacles to productive economic activities. Social capital which is local wisdom in the community include trusts, rules (norms), and networks (networking) and can be used as a means to increase the independence and welfare of the community. The analysis used the ZMET model and obtained the construct connector to increase the economic productivity of the poor, namely: getting to know each other, helping each other, cooperating, or obeying the rules. Willingness to learn, cohesiveness, consistency, correct information or continuous activities come as natural consequences.

  • Type: Case Study
  • Published on: 5th May, 2019
  • Keywords: PNPM-M; Social Capital; Local wisdom; ZMET; Connector construct
  • Pages: 47-54
  • Received: 6th April, 2019
  • Final revision and acceptance: 1st May, 2019
Volume VI, SEA - Practical Application Of Science
Issue 19
Gergő KUN
 

This article examines the particularity and complexities of industrial development and business-government relations in the Austro-Hungarian Empire, especially in Hungary between 1867 and 1914. The paper looks looking into the interactions between the Hungarian government, the Viennese court and Hungary’s most prominent companies from the pre-world war period. In the period under discussion Hungary was still mainly an agrarian country but after the compromise between Austria and Hungary industrial development increased and started to catch up with the Austrian competitors. The study highlights the main trends of the applied industrial development policies and their effects on the economy and the companies themselves.

  • Type: Review Article
  • Published on: 6th May, 2019
  • Keywords: Industrial development; Policies; Industrial education; Austro-Hungarian Empire
  • Pages: 55-64
  • Received: 10th April, 2019
  • Final revision and acceptance: 3rd May, 2019
Volume VI, SEA - Practical Application Of Science
Issue 19
Andreea DUMITRACHE
 

The interest in investigating the phenomenon of customer migration to the competition has grown in recent years. The efficient management of the customer base has become a powerful tool which plays a significant role in maintaining stable revenues in businesses around the world. This paper presents the evolution of research that has extensively studied the churn phenomenon and focuses on several topics: research fields according to the number of publications, research organizations, written language, authors, industries, research areas, types of works and so on. The paper also defines the terminology, the taxonomy and the causal factors of the phenomenon.

  • Type: Review Article
  • Published on: 23th May, 2019
  • Keywords: Churn Taxonomy; Bibliometric Analysis of Churn; Scientometry; Data Science; Research
  • Pages: 65-73
  • Received: 24th April, 2019
  • Final revision and acceptance: 22th May, 2019
Volume VI, SEA - Practical Application Of Science
Issue 19
Stefan-Alexandru CATANA
 

This paper approaches a topic discussed in marketing literature, in the context of global changes and modern ways of retailing. Nowadays, as a retailer, it is very important to be in line with the customer needs and with their aspirations to be competitive on the market. Starting from this aspect, the article presents some points of view to the effect that retailing must be treated in terms of services marketing. The paper highlights that retailing must be treated as a process and as a sequence of inter-related, intangible, variable and inseparable activities resulting in a certain benefit for the customer, not only as a process of selling goods.

  • Type: Review Article
  • Published on: 31th May, 2019
  • Keywords: Retailing; Services marketing; Retail marketing
  • Pages: 75-77
  • Received: 21th May, 2019
  • Final revision and acceptance: 30th May, 2019
Volume VI, SEA - Practical Application Of Science
Issue 20
Delia Corina MIHĂLŢAN
 

The current paper aims at raising awareness about the differences between theory and practice in accounting. It focuses on the logical path that a student or a novice in this field must follow in order to apply theoretical knowledge into practice. The role, the structure, and the features of the financial information system (as part of the informational system of the entity) are presented in comparison with the accounting ledgers used in the traditional accounting (where transactions were recorded manually). These ledgers are the starting point of any accounting when acquiring the practical knowledge. In addition, the paper considers the didactic principles most suitable to bridge the gap between theory and practice in accounting.

  • Type: Case Study
  • Published on: 10th July, 2019
  • Keywords: Financial information system; Accounting theory; The gap between theory and practice; Didactic principles
  • Pages: 85-91
  • Received: 19th June, 2019
  • Final revision and acceptance: 1st July, 2019
Volume VI, SEA - Practical Application Of Science
Issue 20
Daniela VITAN
 

The pre-university educational institutions are state-funded, from the local budgets of the administrative-territorial units to which they belong. They can be funded additionally by the Ministry of National Education. Basic funding is provided by the state within the standard cost per pupil. Complementary funding is realised from the local budgets of the administrative-territorial units to which the pre-university educational institutions belong. Additional funding is provided by the Ministry of National Education. Educational institutions may also have their own revenues. These are obtained from donations, sponsorships or other legally constituted sources. Pre-university educational institutions cannot function and cannot perform without the allocation of financial resources to cover their expenses. This creates a direct link between funding and performance.

  • Type: Case Study
  • Published on: 10th July, 2019
  • Keywords: Education; Teaching; Financing; Standard cost per pupil; Performance
  • Pages: 93-99
  • Received: 27th June, 2019
  • Final revision and acceptance: 5th July, 2019
Volume VI, SEA - Practical Application Of Science
Issue 20
Andrea GERGELY, Veronika FENYVES, Mónika HARANGI-RÁKOS
 

Meat consumption has always played a prominent role in human nutrition. The pork and poultry industries are the two most important sectors in terms of meat consumption and production in the European Union and Hungary. Pork production has long been well ahead of poultry production but according to the latest research and forecasts it seems that the poultry industry will soon take the lead. The main objective of the paper is a detailed sector-level analysis. Currently the research comprises a small number of analyses of the two sectors. The research reviewed the international and domestic situation of the poultry and pork sectors as well as their development of production and consumption values. The paper focuses on the economic analysis, its theoretical background, role and tasks. It utilises the database provided by the Agricultural Economics Research Institute and uses various types of index numbers and the Du-Pont system for causal relationships among indexes. The database contains various balance sheets and profit and loss accounts for the period 2005-2015. The data for 2015 were available in three categories based on the Standard Production Value. In particular, the paper looks into the development of the asset and capital structure and the analysis of short-term solvency and profitability. The findings show that the development of the two sectors is in tune with international production and consumption trends.

  • Type: Case Study
  • Published on: 27th July, 2019
  • Keywords: Poultry sector; Analysis; Pig sector
  • Pages: 101-108
  • Received: 15th May, 2019
  • Final revision and acceptance: 20th July, 2019
Volume VI, SEA - Practical Application Of Science
Issue 20
Iulia ROȘOIU
 

The purpose of this article is to analyze the impact of the fiscal shocks on the economic growth in Romania. Firstly, the article considers the total fiscal shock by using total government revenues and then it studies their structure. Three categories of revenues are used: distortionary taxation, non-distortionary taxation and other revenues. The first estimation is done by using a simple Vector Autoregressive model and the second is based on a Structural Vector Autoregressive model. The results indicate a positive impact if total revenues increase and a negative one when the groups of taxation are considered individually. Among the revenues’ categories, the most significant impact is obtained for distortionary taxation and other revenues.

  • Type: Review Article
  • Published on: 27th July, 2019
  • Keywords: Fiscal shock; Revenues structure; Simple VAR model; Structural VAR model
  • Pages: 109-115
  • Received: 5th July, 2019
  • Final revision and acceptance: 25th July, 2019
Volume VI, SEA - Practical Application Of Science
Issue 20
Cristina-Ioana ROTH, Adriana STANILA, Ionela MANIU, Andrei-Catalin MUNTEAN
 

The aim of our study is to identify the relation between ocular symptoms and clinical diagnostic tests in dry eye disease with a view to finding an optimal combination of diagnostic tests. Spearmen’s correlation coefficient was used to describe the correlation between symptoms (OSDI) and clinical signs (Schirmer test I, contrast sensitivity, Tear breakup time (TBUT) and Oxford staining schema). The results were compared with the findings in current literature.

  • Type: Case Study
  • Published on: 5th August, 2019
  • Keywords: OSDI; Dry eye; Schirmer test; Contrast sensitivity; Oxford staining schema; Tear breakup time; Symptoms
  • Pages: 117-122
  • Received: 11th July, 2019
  • Final revision and acceptance: 4th August, 2019
Volume VI, SEA - Practical Application Of Science
Issue 20
Ildikó Dékán Tamásné ORBÁN, Nóra Vivien MURÁNYI, Ágota KISS
 

Real estate investment trusts or REITs are ”companies that own or finance income-producing real estate across a range of property sectors (including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers, infrastructure and hotels). These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade in major stock exchanges, and they offer a number of benefits to investors.” (REIT, 2019). REITs operate worldwide from the USA to Hungary. The article focuses on the REIT-regulation in some European countries, mainly in the United Kingdom and in Hungary. As REITs are listed on stock exchanges, they have to prepare their financial statements based on International Financial Reporting Standards (IFRS). The paper looks at the presentation and specificities of the REIT status in the IFRS financial statements.

  • Type: Review Article
  • Published on: 31th August, 2019
  • Keywords: Real estate investment trusts; IFRS financial statements; Taxation
  • Pages: 123-130
  • Received: 19th August, 2019
  • Final revision and acceptance: 30th August, 2019