Current Issue : October - December Volume : 2020 Issue Number : 4 Articles : 5 Articles
The implementation of innovations and investments is an important condition for business\ndevelopment in the region. Creating a favorable investment climate for entrepreneurs will\ncontribute to the stable functioning and development of the regionâ??s economy. The authors\npropose a methodology for assessing the innovation and investment potential of\nmunicipalities in a particular region. The methodology is based on the analysis of statistical\nindicators in five groups: production and finance, labor, infrastructure, investment and\nsocial sphere. The main stages of the methodology are: to identify indicators that\ncharacterize the innovation and investment potential; determine the indicatorâ??s value for\neach municipality; to assess a complex indicator of the territoryâ??s potential and compare the\ncomplex indicator with a data base, which uses the average indicators of the region. The\npaper considers the structure of the complex indicator proposed for assessing the\ninnovative and investment potential of the territories. A comparison of territories according\nto a comprehensive indicator of the innovative and investment potential made it possible to\nidentify the most vulnerable areas where measures must be taken to ensure an innovative\nand investment development in order to develop the economy of the region....
Open innovations are a special kind of approach to the process of developing innovations.\nThey require an effort from the enterprise to find an exogenous source of innovation. For\ncooperation to be effective, the enterprise must focus on minimizing the various barriers\nassociated with opening up research and development processes. One of the factors that\nsupport open innovation is the core values that are shown in the daily work of employees.\nCore values affect employee motivation as well as innovation and enterprise performance.\nThe purpose of this paper is to investigate the relationship between core values and opening\ninnovation process. A research on a sample of 60 innovative enterprises was conducted\nthrough a questionnaire survey. One questionnaire was sent to each surveyed organization\nwith the request that a person with a broad view of the whole organization would be the one\nto fill it. Open innovations were considered in four aspects: internal cooperation, cooperation\nwith suppliers and customers as well as research institutions. Other key variables analyzed\nin the research are organizational culture, structure, strategy formulation, technology,\nenterprise environment, core values and leadership. The results revealed significant\ninfluence of leadership, strategy formulation and core values on open innovation process. The\nresults of the research also identify core values professed by the surveyed enterprises....
Encouraging the creation of companies has become the leitmotif for solving\nthe economic and social problems of states, especially when it comes to companies\nwith real potential for growth, which constitutes the real levers of\ncountries development. We focus on the profile of entrepreneurs who create\nsmall businesses and who can successfully increase their projects after a few\nyears. They are the pillars of success insofar as the company is the projection\nof their characteristics. This document attempts to better understand the impact\nof entrepreneurial competencies on the growth of the company. The research\nwas carried out using a questionnaire sent to 181 micro, small and\nmedium-sized enterprises (MSMEâ??s) newly created. For the analysis of the\nresults we have mobilized the method of structural equations. The results\nconfirmed that the growth of the company is well influenced by managerial\nand networking competencies....
Public administration efficiency is increasing on the agenda, considering the scarcity of public\nresources and the greater demand of citizens for their needs to be met. This research aims to\nstudy the determinants of the financial efficiency of the Portuguese municipalities. For this ,\nthe determinants were grouped into three categories: sociodemographic, political and\nbudgetary. There seems to be evidence, considering the results, that political determinants\ndo not influence the financial efficiency of municipalities. Regarding the sociodemographic\ndeterminants, it is observed that the financial efficiency of the municipalities is influenced by\nlocation, purchasing power index, tourism and the unemployment rate. Tax revenue and\nfinancial independence are budgetary determinants that positively influence the financial\nefficiency of municipalities. Staff expenditure have a negative effect on it....
This paper measures the impact of financial integration on business cycle synchronization\n(BCS) using a multivariate factorial approach. By allowing bilateral financial integration to\nload both on de facto quantity and price measures, positive and strong indirect effects of\nfinancial integration are found on BCS, running through real channels such as trade\nintegration and structural similarity. Financial integration has become the main driver of BCS,\nas the magnitude of the indirect effects greatly overrides the negative direct effect expected\nby standard theories. The results suggest that disentangling the financial channel in its direct\nand indirect effects is necessary for a comprehensive understanding of the complex dynamics\ngoverning economic integration processes such as currency areas and monetary unions...
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