Economic Archive

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  ENHANCING THE ADJUSTMENTS OF MARKET MULTIPLES FOR BETTER OPERATING EFFICIENCY

  The study focuses on one of the specific applications of the market approach. The market approach is a valuation method whereby the fair market value of the target company is determined by reviewing comparable companies with similar operational and financial characteristics. The International Valuation Standards (2017) require that a valuer should ... The study focuses on one of the specific applications of the market approach. The market approach is a valuation method whereby the fair market value of the target company is determined by reviewing comparable companies with similar operational and financial characteristics. The International Valuation Standards (2017) require that a valuer should make adjustments to the selected market multiples. Kasarova, Pramatarska and Lazarova (2009) and Todorov (2015) propose a method for adjusting market multiples for country risk and efficiency when the market approach is applied to emerging markets. We enhance their adjustment approach by removing its inherent restrictions.

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  SMES PERFORMANCE: ANALYSIS OF THE INNOVATION ROLE

  Today the business environment is characterized by the globalization of markets, rapid technical developments, the reduction of the life of products and activities, the benefits acquired traditionally are no longer assets on which companies can count for develop. Companies must look for new options to diversify their offerings and markets, which ... Today the business environment is characterized by the globalization of markets, rapid technical developments, the reduction of the life of products and activities, the benefits acquired traditionally are no longer assets on which companies can count for develop. Companies must look for new options to diversify their offerings and markets, which contributes to their growth and development and to finding relevant answers to the question of survival that may threaten its continuity. Our paper aims to clarify the determinants of the success of some companies, especially SMEs, by focusing on the links between innovation and the organizational performance of SMEs. So, the purpose of this paper is to explore and better understanding the effects of organizational innovations, process innovations, product innovations, and marketing innovations on the organizational performance of Moroccan SMEs, based on an empirical study covering 3 SMEs operating in three different sectors.

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  CHANGES AND TRENDS IN THE EMPLOYMENT STATUS OF UNIVERSITY GRADUATES IN BULGARIA AND THE EU

  This research focuses on the ongoing changes and the new challenges faced by labor in the process of transition to a new type of economy. It is structured in two parts. The first part systematizes the main changes in the characteristics and requirements to labor in the context of the formation of a new economy and the transition to a digital one. ... This research focuses on the ongoing changes and the new challenges faced by labor in the process of transition to a new type of economy. It is structured in two parts. The first part systematizes the main changes in the characteristics and requirements to labor in the context of the formation of a new economy and the transition to a digital one. The second part makes an empirical analysis and draws up the specific aspects in the dynamics of the indicators of the employment status of university graduates in Bulgaria and the EU which are relevant to the latest changes in the increasing imple¬mentation of more complicated mental labor. By applying methods of fore¬casting, the author brings forward certain short-term trends in the fluctuations of the relative ratio of the employed persons with a university degree in Bulgaria and the EU. The research implements the methods of analysis and synthesis, the means and methods of empirical-descriptive, as well as the econometric analysis.