Latest articles

This paper improves the estimation of continuous time stochastic model that treats volatility as a latent variable and compares the forecasting performance of the Kalman filter procedure with Exponential model of Autoregressive Conditional Heteroscedastisity. Our empirical study examines the stock indice TUNINDEX by using the…

The paper presents a quality matrix, some strategies and different tools for product evaluation using IT programs. The paper presents some solutions obtained with different programs and the influence upon the life cycle of the product, especially from design stage of technological manufacturing until the…

This paper examines relational orientation within distribution channels, a field which is less explored and which needs further scrutiny. It has two objectives. It proposes a definition and a measurement scale of relational orientation within distribution channels. A theoretical analysis of relationships within distribution channels…

In the current Information Age the success of any department within an organization world over is centered on the extent to which it is able to adopt and adapt to new changes in Information technology (IT). Human Resource Function is one of the key departments…

The purpose of the article is to describe problems connected with succession and generational transition in family-owned businesses. The author examines how family-owned businesses can be characterized along with the general position of family companies in the economy. The strengths of the article are that…

The academic literature suggests that the European integration process enhances the development of the economic environment in the case of the candidate countries. The banking sector represents, especially in the case of the new EU member countries, the backbone of the economy, as it is…

There is no generally accepted method of measuring performance of an innovation system.  The measurement of the performance of an innovation system influences policy decisions for the improvement of such a system and makes comparisons possible.  The question arises how the complexity of an innovation…

This paper seeks to explain the determinants of the levels of web adoption for marketing purposes by small and medium sized enterprises (SMEs) in the travel and tourism industry. Web adoption is specifically defined as the ownership of a website to communicate and/or deliver travel…

According to The International Standards on Auditing, the purpose of the auditor in an audit engagement is to express an independent, objective and a professional opinion regarding the accuracy of the financial statements of the companies audited. During his mission, the auditors must also assess…

Today’s knowledge organizations appear to be everywhere around us, but still there is no precise way to express whether an organization is knowledge-based or not or just how much is it knowledge- centered. Qualitative models are not enough anymore, so the purpose of this article…