Present article places in the center of attention finance as a science, which examines all relations of distributive and redistributive nature between different economic actors related to the formation and use of monetary resources and funds. Finance has a relatively long history of development, with ongoing substantial transformation. The results of generalization of related studies show that there are three periods in the genesis of finance as a science. First is the scientific status. Second - is related to the transition to the scientific process. The third is the scientific or rational. The fourth period is related to the formation of the neoclassical theory of finance. This transformation takes place so far under the influence of a new factor related to the establishment of the post industrial type economy. Equally important was the process of internationalization and then - of globalization. Last has a double impact. On one side, there is the consolidation of the financial system scientifically accepted as the single global vision on different areas of financial sciences. From the other hand, there is the process of adaptation and development of scientific concepts under the influence of new financial and economic conditions imposed by the superlative form related to globalization. The development of the financial sciences is also related to the need to solve a large complex of important problems of a financial nature, which will ultimately lead to the change of the global financial picture.
Lusia Tria Hatmanti Hutami and Ignatius Soni Kurniawan
The general concept of this research is to elaborate on the specific aspect of the marketing performance point of view that has been used by exported SMEs business in a region in Indonesia called Yogyakarta. The aim of this research to analyze the relationship between innovation orientation, marketing communication orientation, international marketing, and marketing performance. The methodology of this research used path analysis, purposive sampling used in this research which only exported product of SMEs business met the criterion. The result showed that only the direct relationship between innovation orientation and marketing performance was not supported. It strengthens international marketing as a mediator between innovation orientation and marketing performance. Innovation orientation toward international marketing was accepted with path coefficient and international marketing toward marketing performance was accepted with path coefficient. Meanwhile, the strongest path coefficient showed by marketing communication orientation. It means that the successful marketing performance needs an excellent marketing communication strategy to ensure the delivery of adding value to the customers by each SMEs business.
The study aims to examine the perceived antecedents that influence the selection of shopping malls and determine the predictive nature of visit frequency that might lead shoppers to the intended purchase. Hence, the research question asked “to what extent the six determinants would most likely to affect shoppers frequency of visit to the malls and their purchase intention”. The method employed was positivist paradigm using questionnaires administering to young and adult respondents. A total of 200 usable samples were used for the SPSS analyses. Several primary statistical tools were used such as descriptive analyses, reliability test, factor analysis, multivariate and bivariate regressions. The results revealed that all constructs reliability were above Cronbach alpha 0.70 and both the convergent and discriminant validities were met via the exploratory factor analysis. The finding concluded that convenience, tenant variety, functional attributes, hedonic value and promotion are positively related to the frequency of visit. In addition, frequency of visit is also positively related to the purchase intention. The finding of this research provided both theoretical and practical implications.
Subject and purpose of work: Integrated fare to date is essential for the efficient functioning of city transport services and for the involvement of citizens to shift from private to public transport. Implementation of this kind is a necessary component of the future development of the city in the direction of smart mobility.
Materials and methods: The research focuses on evaluating the barriers and challenges towards the implementation of an integrated fare in Ukraine, mainly using the city of Kyiv as a case study.
Results: The article analyzes early attempts to introduce an integrated fare, problems in the way of implementation and, basically, the experience of the EU cities, which may later be adopted. Next, it outlines some critical aspects in the relationship between government policy, city authorities, transport operators and city residents in the context of the introduction of an integrated fare.
Conclusions: The study highlights such priority challenges as legal, organizational, technical and social.
Marian Pompiliu Cristescu, Julian Andreev Vasilev, Miglena Velichkova Stoyanova and Ana-Maria Ramona Stancu
This paper presents how to use the Capability Maturity Model Integration (CMMI) in software engineering modeling processes. Any variation of CMMI, depending on the scope of application, can also be used to assess the process maturity of an organization. Regarding the Software Reliability Engineering (SRE) process, the activities in the SRE process have been briefly described, noting that the application of SRE in all software-based products leads to good control over the development process.
The beginning of the twenty-first century represents the beginning of the Fourth Industrial Revolution, which, unlike its predecessors, is characterized by great digitalization, higher connections between physical things and the virtual world, the development of genetics, artificial intelligence, hyper connectivity. These characteristics have generated many changes in the way work is performed. In order to meet these challenges, employees must increase their flexibility in the way they perceive work time, wages, tasks, workspace and so on. And, in an era of technology and digitalization, employees must keep their skills and knowledge, related to new technology, up to date. Several other aspects related to employability will be discussed in this article.
Subject and purpose of work: The objective of the study is to characterise the status and nature of local authorities’ relations with local communities and to assess the importance of local relations in the process of strengthening local innovation.
Materials and methods: The survey method was employed in the research and a questionnaire was sent to heads of communes /mayors via electronic means. The research material consisted of 105 questionnaire forms.
Results: There is a perceived imbalance in the development of interactions with social and economic actors to the disadvantage of interactions with economic sector representatives. Increasing local innovation rooted in the economic dimension of the development processes of the analysed local systems has been revealed to be of a relatively lesser importance. Local Action Groups are a major contributor to the development and innovation process, mainly in the social dimension. Local relations are not perceived by the representatives of local authorities as particularly important factors of regional innovation.
Conclusions: The analysis of the local systems revealed a need to increase the scale of activity of local government representatives as part of developing relations with the economic sector. Opportunities should be sought arising from building local partnerships aimed at the implementation of pro-innovative, multi-stakeholder projects, which will have a greater capacity to influence local development processes.
The first purpose of the university system is to deliver qualitative education through solid didactics/educational, but not many university structures seem really interested in the subject.
Sets of laws, measures, rules, and prescriptions of all kinds are in fact relegating it to a corner, making it less and less central and effective while also increasing the difficult to decipher, update and innovate it.
As a matter of fact, the issue of modernization of teaching methods has been tackled decisively by the European Commission, which has placed it among the priorities of its agenda. By acting in this way, EU is manifesting the conviction that a better quality for higher education will determine a growth in development and competitiveness not only for the Union itself but also for the individual universities that will define a strategy to improve the level of their teaching and learning and to give equal importance to research and teaching.
In its report on the theme of modernization and quality of teaching and learning, the European Commission summarizes its conclusions in 16 recommendations, including:
- the need for adequate teaching training for teachers;
- the need for the merits of teachers who make a significant contribution to improving teaching and learning methods to be recognized and rewarded.
But in order to achieve such quality prospects, it is necessary for university teachers to combine the knowledge of their discipline with specific communicative, cognitive and, more generally, relational skills. All this must become a principle of the university teaching of the future.
However, on a practical level, it is not uncommon to meet teachers who are not sufficiently attentive to these dimensions of the teaching-learning dynamic, failing to identify the “language” capable of transferring their theoretical/practical knowledge in the function of real learning of the student.
The latest military actions carried out at global level have highlighted, besides the number, the quality and diversity of the participants in the multinational operations and the differences, not at all negligible, regarding the capabilities of these actors to participate in military actions characterized by a high technical level and technologically, but not only. One of the areas that generated a real lack of standardization, with obvious impact on the operational compatibility of the various participants was that of communications and informatics and, implicitly, of the insurmountable differences between different information subsystems as parts of the information systems of the multinational operations. From this perspective, it became evident that the performance of each participant in the military actions of a multinational character was and we consider that it will be permanently conferred by their technical ability to cope with the information avalanche and to integrate into the information system of the mission.
The purpose of this article was to analyze the amendment of Fugitive Offenders Ordinance & Mutual Legal Assistance in Criminal Matters Ordinance, which caused widespread controversy in Hong Kong recently. This amendment stemmed from a murder case that occurred in Taiwan, which led the Hong Kong government to decide to fill the legal loopholes in the extradition law. The amendment abolished the prohibition of extradition of China and made the fundamental changes to the vetting procedure for extradition. However, based on the question to the judicial environment in China and the unequal relationship between Hong Kong and China, many Hong Kong people believed that the amendment would seriously threaten their personal safety. The amendment mattered important because people it affected were not only Hong Kong citizens, but also foreigners staying in Hong Kong. And as an important international financial center, the influence of Hong Kong couldn’t be underestimated. Therefore, the amendment had triggered a high degree of international concern. This article will analyze the contents of the amendment and the supports and the oppositions to clarify the dispute and discuss whether the amendment is good or bad.