"Scientific research" Almanac

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  SECTOR LEVEL ANALYSIS OF FACTORS INFLUENCING LABOR PRODUCTIVITY IN THE BULGARIAN ECONOMY

  The Bulgarian economy has the lowest labor productivity in the EU. In order to find the reason for the occurrence of this problem, are investigated the factors, influencing the labor productivity on a disaggregate level. In this paper are analyzed fourteen industries for a seven years period (2001 to 2007) using annual data. This research applies ... The Bulgarian economy has the lowest labor productivity in the EU. In order to find the reason for the occurrence of this problem, are investigated the factors, influencing the labor productivity on a disaggregate level. In this paper are analyzed fourteen industries for a seven years period (2001 to 2007) using annual data. This research applies the Zellner’s method for estimation of systems with simultaneous equations to estimate the influence of six selected factors on labor productivity. The findings of the research include negative influence of the expenditures for tangible assets in agriculture, positive impact of wages in most industries except mining, weak or no influence of the FDI levels and strong influence of inflation in all industries.

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  PRACTICAL ASPECTS OF THE CONCEPT FOR VALUE-BASED MANAGEMENT OF BULGARIAN PUBLIC COMPANIES

  The evaluation of entrepreneur’s activities is directly related to the value of the company as a composite index comprising the interests of all stakeholders interested in its development. Value determination is a complex and continuous process, which is influenced by many factors in the course of time. Regardless of the difficulties related to ... The evaluation of entrepreneur’s activities is directly related to the value of the company as a composite index comprising the interests of all stakeholders interested in its development. Value determination is a complex and continuous process, which is influenced by many factors in the course of time. Regardless of the difficulties related to value determination, the management of the process of creation and preservation of value is a specific target, which more and more companies include in their strategies and practice. It is related to the value-based management concept. The paper substantiates the need for a research on the factors for efficient asset management, which increase the value of the companies. The empirical research was conducted with data for the public companies in Bulgaria included in the Dnevnik 20 index.

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  CHALLENGES FOR THE MANAGEMENT OF TANGIBLE ASSETS IN THE ENTERPRISE

  Enterprises of different industrial production sectors have realized a long time ago necessity of asset management. Even more these management activities have become irreversible firm strategy’s attribute for increasing potential and finance security of the economic units. Their practice in a few big industrial enterprises result in decreasing ... Enterprises of different industrial production sectors have realized a long time ago necessity of asset management. Even more these management activities have become irreversible firm strategy’s attribute for increasing potential and finance security of the economic units. Their practice in a few big industrial enterprises result in decreasing operative expenditure in 20-40 % and increasing the capacity of production with 5-10 % without necessity of additional capital investment. The choice of one or another asset management system is determined by the character and dynamic of the industrial sector, market environment and the existing law restricts. The sub-sector C “Production of medicinal substances and products” and section 21.1 “Production of pharmaceutical drugs” have established place in the overall structure of our industrial production. Over the last decade companies from the sub-sector suffered a number of transformations associated with a change of form of ownership and renovation of production facilities. With the advent of powerful international companies like “GlaxoSmithKline” and “Actavis” opportunities were created for the actual construction of systems for asset management.