Witteloostuijn, A. (2009): On the Impact of Managerial Bonus Systems on Firm Profit and Market Competition: The Cases of Pure Profit, Sales, Market Share and Relative Profits Compared. Managerial and Decision Economics 30(3): 141
The paper focuses on the development of Romanian public administration since the 1989 revolution. Showing up the characteristics and weaknesses of regulation and operation, the authors give special attention to a managerial approach reform in public-administration institutions. They deal with NGOs as possibly valuable and efficient actors in public service. The article concludes, however, that European integration process is the only serious influence stimulating radical changes in Romania.
The paper examines the requirements of an effective and legitimized democratic political system in the process of transition. The analysis and the conclusions are based on the Hungarian experience, which can carefully be applied to all Central and Eastern European (CEE) countries. Special focus is given to the relationship of legal certainty and the efficiency of the democratic system, to the tension between legalism and managerialism and to the characteristics of civil society organizations. In the conclusion special features of the transitional countries are pointed out.
Authors:Florin Aliu, Besnik Krasniqi, Adriana Knapkova, and Fisnik Aliu
Risk captured through the volatility of stock markets stands as the essential concern for financial investors. The financial crisis of 2008 demonstrated that stock markets are highly integrated. Slovakia, Hungary and Poland went through identical centralist economic arrangement, but nowadays operate under diverse stock markets, monetary system and tax structure. The study aims to measure the risk level of the Slovak Stock Market (SAX index), Budapest Stock Exchange (BUX index) and Poland Stock Market (WIG20 index) based on the portfolio diversification model. Results of the study provide information on the diversification benefits generated when SAX, BUX and WIG20 join their stock markets. The study considers that each stock index represents an independent portfolio. Portfolios are built to stand on the available companies that are listed on each stock index from 2007 till 2017. The results of the study show that BUX generates the lowest risk and highest weighted average return. In contrast, SAX is the riskiest portfolio but generates the lowest weighted average return. The results find that the stock prices of BUX have larger positive correlation than the stock prices of SAX. Moreover, the highest diversification benefits are realized when Portfolio SAX joins Portfolio BUX and the lowest diversification benefits are achieved when SAX joins WIG20.
This paper examines the following basic issues of leadership in research units: (1) characteristics of the leader and the functions performed by him that predict the image of his quality; and (2) the role of leadership in enhancing the performance of the research unit. Analysis is based on data collected on 1460 research units in six countries for the second round of International Comparative Study on Organization and Performance of Research Units. Variations in the characteristics and role of leadership in different institutional settings and countries are analyzed through POSCOR (ranking programme based on partially ordered sets). Stepwise multiple regression analysis was used to examine the common pattern of relationship of various indices of leadership with the image of leader's quality and three measures of effectiveness — scientific, user-oriented and administrative. Analysis was repeated for each country to explore the stability in the pattern of relationships and to identify universal indices that have consistent relationships across countries. Implications of the results are discussed.
Since the 1980s there has been an ongoing theoretical debate in the Western literature on the significance of class and gender. The author's aim is to contribute to this debate by testing an empirical aspect previously neglected by researchers: the relative importance of gender compared with that of class. She looked at this aspect in a country in which research on gender is especially scarce: Hungary. The author investigated only one small and specific “slice” of this problem: the relevance of gender and class (measuring the class dimension with class origins) for a person's chances of becoming a top manager in 1993. Her goal was to document and draw attention to the fact that gender proved to be much greater importance from the point of view of live chances than class origins in Hungary. She offesr an explanation for this phenomenon and investigate the intersections of the effects of class origin and gender.
A tanulmány az elmúlt évtizedek legfontosabb jelenségeit és változásait mutatja
be az európai felsőoktatás kormányzati irányításában és az egyetemek
kormányzásában. Foglalkozik a rendszerszinttel, azaz a kormányzati
felsőoktatás-irányítás eszközeivel és tendenciáival, valamint az intézményi
szinttel, azaz a belső irányítás – kormányzás, menedzsment – kérdéseivel, és a
két dimenzió összefüggéseivel. Az elemzés a kormányzati magatartással
összefüggésben kitér az egyetemek autonómiájának alakulására, a belső irányítás
kapcsán részletesen foglalkozik az irányító testületekkel és a külső tagok
szerepével. Az eredmények alapján megállapítható, hogy bár az elmúlt évtizedben
radikális változások nem következtek be az egyetemek irányításában – kivételt
éppen Magyarország képez –, számos országban jellemző az útkeresés, illetve a