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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  EMOTION MANAGEMENT IN THE WORKPLACE

  Emotions are at the heart of our social life. They function as filters of perceptions that affect our conscious actions and even decision-making. The range of acceptable emotions varies with culture, gender, and age. In many areas of life, inappropriate emotions cause trouble. Organizations therefore require and expect their employees to manage ... Emotions are at the heart of our social life. They function as filters of perceptions that affect our conscious actions and even decision-making. The range of acceptable emotions varies with culture, gender, and age. In many areas of life, inappropriate emotions cause trouble. Organizations therefore require and expect their employees to manage their emotions and refrain from negative emotional outbursts. This creates the need to investigate the opportunities how to regulate emotional behaviour as a means of controlling the negative effects of emotions in the workplace.

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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.