Стаття присвячена актуальним питанням процесу управління страховим портфелем вітчизняних страхових компаній в умовах динамічного та непередбачуваного економічного середовища. Проведено дослідження методичних підходів до трактування дефініції «страховий портфель». Виокремлено та проаналізовано основні завдання, що потребують реалізації у процесі управління страховим портфелем. Розроблено багатокомпонентний алгоритм щодо процесу управління даним аспектом діяльності страховика та проведено детальне дослідження кожного з етапів, що до нього входять. Наведено класифікацію можливих типів та видів страхових портфелів, а також розглянуто взаємозв’язок між ними. Визначено, що формування збалансованого страхового портфеля страхової компанії є однією з умов стабільного та ефективного функціонування страхової компанії. Виявлено фактори зовнішнього і внутрішнього середовища страхової компанії що чинять свій вплив на збалансованість страхового портфелю та потребують постійного моніторингу та контролю.
Economics as a science, Business records management
У статті доведено необхідність окремого розгляду організаційно-економічних механізмів формування та реалізації регуляторної політики в аграрній сфері за напрямами як з урахуванням системного підходу в економіці, представлений сукупністю органів державної влади, політичних, професійних та громадських об’єднань, стейкхолдерів й організаційних взаємозв’язків між ними, які забезпечують регуляторну діяльність в АПК; так і за допомогою інструментальних засобів, до складу яких входять: методи, канали реалізації, регуляторні важелі й показники оцінки ефективності рішень, що приймаються. Визначено, що одним напрямком досліджень вітчизняних вчених при вивченні організаційних аспектів здійснення регуляторної політики на державному рівні є інституційне середовище та його удосконалення для покращення економічних умов взаємодії економічних суб’єктів. Метою роботи є дослідження організаційно-правових аспектів формування державної регуляторної політики виконавчої влади в Україні для забезпечення розвитку агропромислового комплексу. З’ясовано, що здійснення регуляторної діяльності повинно супроводжуватись тісною співпрацею місцевих державних адміністрацій з громадськими об’єднаннями різних видів щодо обґрунтування рішень, які стосуються відносин між суб’єктами господарювання та владою. Реформа місцевого самоврядування наділила територіальні громади реальною здатністю вирішувати свої проблеми в межах діючого законодавства через формування відповідних рад на виборчій основі. Фінансовою основою забезпечення функціонування місцевих рад є доходи бюджетів відповідних рівнів. Проведений аналіз та узагальнення організаційно-правових аспектів діяльності виконавчої влади в Україні показав, що регуляторну політику неможливо розглядати як відокремлене явище, оскільки вона є суттю функціонування вищого, центральних та місцевих органів. Головним завданням, в даному випадку, є чітке визначення державних пріоритетів та ефективна координація державних органів, які відповідають за її впровадження. Науковою новизною даної роботи є узагальнення організаційно-правових аспектів реалізації державної регуляторної політики виконавчою владою в Україні на основі діючого законодавства, що на відміну від існуючих базується на принципах системного підходу з визначенням джерел регуляторної ініціативи для забезпечення розвитку агропромислового комплексу.
Economics as a science, Business records management
This study aims to determine and analyze the financial performance of sub-sector tobacco industry listed on Indonesia Stock Exchange (IDX). The objects taken in this study were 4 tobacco industry companies listed on the Indonesia Stock Exchange during the 2014-2018 period. The method used in this research is descriptive quantitative, the results of financial ratio analysis using liquidity ratios, solvency ratios, profitability ratios. The results of the calculation of the liquidity ratio showed that PT HM Sampoerna, PT Gudang Garam was the best performing company, the solvency ratio calculation showed PT. HM Sampoerna and PT Wismilak have a debt ratio below the industry average, while according to the profitability ratio PT HM Sampoerna and PT Gudang Garam get a percentage of profits above the industry average. From the calculation of the 3 ratios, PT. HM Sampoerna and PT. Gudang Garam are two companies that are quite dominant in terms of business volume, the performance of the two companies is also very good, it can be valued from its net income which always experiences an upward trend every year but this positive trend does not always mean both in terms of asset utilization and company equity.
Winda Widyanty, Apollo Daito, Setyo Riyanto
et al.
This research was conducted to test the model of strategic human resource management as a competitive advantage in the construction industry specially to identify factors related to achieving competitive advantage in this industry. The empirical data were drawn from 174 construction companies in Indonesia using questionnaire method. Structural Equation Modeling techniques was used to analyze the conceptualized relationship model. The empirical results reveal that competitive advantage in the construction industry in Indonesia could be achieved through human resource management practices to build and improve a safety culture which would increase employee productivity. Companies must integrate human resource management practices with safety culture as a priority strategy of the company since based on empirical result, safety culture can be a source of competitive advantage for construction companies in Indonesia. Future studies can use these strategic human resource management models in different industry sectors by adding a number of samples so that the results could be generalized.
Successful organizations strive to attract and retain talent that is essential to their survival by applying appropriate procedures, programs, and strategies. In this regard, successful organizations are those that attract and hire better talented people, in other words, develop talent management. The purpose of this study is to identify the operational attributes of talent management in universities. The research method applied is, descriptive-analytical research method and the statistical population of the present study were faculty members of Golestan University of Medical Sciences and Islamic Azad University of Gorgan unit. A total of 70 questionnaires were distributed among the sample population in 2015. A research questionnaire was used to collect research data, which was confirmed by Cronbach's alpha of more than 70%. Data were processed in SPSS software and related statistical tests such as KMO and bartlet were used for analysis. In the present study, faculty members identified the attributes of talent management including talent acquisition, talent development, individual factors, and talent retention, which includes evaluation criteria to achieve these attributes. Finally, the realization of talent management in universities. Based on the findings of the present study, according to the factors of talent acquisition, talent development, individual factors and retention in talent management and emphasis on the role of some attributes, especially the attribute of salaries and benefits, in maintaining the perspective of university faculty members. Planning and transparent policy-making in this regard seems to be necessary for the success of universities and moving towards the development of the country's programs and the programs of the second step of the revolution.
Business records management, Economics as a science
This paper aims to provide a fuzzy framework for aligning human resources strategies with busi-ness strategies at The University of Applied Science and Technology. This research is an applied research based on the purpose and the research time horizon is cross sectional. In this research, 15 experts are identified using snowball method. The necessary data are gathered based on 3 questionnaires including Delphi questionnaire, human resources (HR) and business strategic questionnaire. The results show that some couples of HR strategies were aligned with business strategies. Then “if-then” rules are described in FuzzyTech software and the study determines which business strat-egies must be aligned with human resources strategies using the analysis. The paper ends by providing some suggestions based on 16 possible scenarios.
The issue of continual poor project performance in the construction industry remains unresolved and there is need for improvement. In view of improving project performance, the study aims at investigating the frequent causes of errors in construction contract documents. The survey research design and mixed research methods were used for the study. The respondents for the study consist of 86 consulting and 98 contracting firms that have been engaged on building projects that is above one floor between 2012 and 2015. Fifty one (51) interviews were also conducted on contractors, project managers and consultants on the projects they were involved and can equally provide necessary information for the study. Statistical Package for Social Sciences (SPSS 20) was used for the analysis of the study. The study found that the frequent causes of the errors in contract documents are frequent design changes by clients, lack of adequate time to prepare documents and design management experience among others. Based on the findings, it was concluded that the causes of errors in contract documents vary from one state to the other. It was also concluded that there is difference in the causes of errors in contract documents based on types of building, services rendered by construction organisations and states in South West, Nigeria. However, there is no significant difference in the causes of errors in contract documents based on procurement method except where there is incomplete documentation or contracting organisations have overlapping activities. The study recommends that the frequent errors identified should always be prevented from occurring if cost and time overrun are to be minimized. Also since most of the causes identified are related to consultants, it was recommended as suggested by interviewees that all designs must go through quality assurance process.
Keywords: Building projects, Construction, Contract documents, Errors, project performance
In a brief review of the literature on stocks’ pricing, the study shows that information vis-à-vis noise serves critical roles in the equilibrium process. It is dynamic in nature and there are different infiltrating aspects from the standard finance to behavioral finance points of views. The aspects of market efficiency, fundamental risk, noise traders’ risk, and implementation costs make the stock markets noisy and thereby, limit the arbitrage opportunity of informed traders. Investors’ psychological bases viz., belief and preferences contribute more in the equilibrium process. Beliefs include representativeness, conservativeness, and anchoring, availability biases, optimism and wishful thinking, overconfidence, and herd behavior tendency on the part of the investors. On the preferences, investors are influenced by disposition effect, prospects based on reference points, mental accounting, ambiguity aversion, and self control.The study explores the empirical literature also and reviews the six puzzles in the standard finance. Finally, the work identifies a few research gaps to be addressed in the literature.
Marjan Fayyazi, Saeed Shahbazmoradi, Zahra Afshar
et al.
There is a growing need for the integration of environmental management into Human Resource Management (HRM) practices; such effort is known as Green HRM initiatives. The aim of this study is to identify barriers of green human resource management in Iran's oil industry. For this purpose, mixed method has been used. In the article, existing literature was examined and questions were designed and 12 experts of international oil industry were interviewed. The aim of these interviews was to design questionnaire and collects the necessary information. To examine the reliability of the questionnaires, Cronbach alpha coefficient was equal to 0.732, which validated the reliability of the questionnaire. Finally, the questionnaires were shared among 31 members of oil's experts and HR managers. The results of the study have shown that the lack of comprehensive plan to implement green HRM and ambiguous of green values were in the highest level and they were considered as the most important barriers. Furthermore, staff resistance had the lowest importance.
This study presents an empirical investigation to study the post-war tourism in sought west region of Iran. This region is the host of many Iranian who wish remember the events of War between Iran and Iraq. Many high school or university students travel to the region through cultural as well as religious communities. This paper tries to analyze the challenges facing these people when they travel to province of Khozestan, Iran. The study designs a questionnaire in Likert scale and distributes it among some randomly selected people who visited the region. The implementation of Pearson correlation test has determined that “Weakness of tourism infrastructure facilities and services” is to be blamed the most followed by “Underdevelopment of decision making centers”. Moreover, path analysis has been implemented to detect direct and indirect effects of different factors on development of tourism in the region. In our survey, marketing, culture and weakness in infrastructures have been determined the most important factors influencing on development of the region.
This paper aims to provide proper policies for inventory under uncertain conditions by comparing different inventory policies. To review the efficiency of these algorithms it is necessary to specify the area in which each of them is applied. Therefore, each of the models has been reviewed under different forms of retailing and they are ranked in terms of their expenses. According to the high values of inventories and their impacts on the costs of the companies, the ranking of various models using the simulation annealing algorithm are presented, which indicates that the proposed model of this paper could perform better than other alternative ones. The results also indicate that the suggested algorithm could save from 4 to 29 percent on costs of inventories.
This paper studies the relationship between working capital management and profitability of accepted corporations in Tehran Stock Exchange over the period 2008-2012. The study selected 66 firms as a statistical sample based on Cochran formula and simple random selection. In this study, variables including the average period of collecting accordance, periods of circulation of inventories, the average period of debt payment, and cycle of cash conversion on the factories operating profits are studied. The research method is applied and collection of data is solidarity, the Pierson and Regression solidarity are used. Results show that variables of capital investment management and profitability were in opposite direction. If the period of collecting accordance, period of debt payment, period of circulation of inventories and the cycle of cash conversion increase, it decreases the period profitability and the manager can decrease the period of debt payment, period of cash conversion to the least amount of positive value for affiliate.
Mohammad Reza Iravani, Samaneh Salimi, Seyed Mohsen Khalifeh Soltani
et al.
This paper presents a social work study on relationship between various family characteristics and street children in rural area as well as city of Esfahan, Iran. The proposed study selects a sample of 150 street children, 75 from city and 75 from rural area, and using some statistical tests verifies the effects of three factors including family income, place of residency and family size on street children. The results indicate that the city residence had more street children than rural residence did. In addition, there was a meaningful difference between the number of street children in low-income families and high-income families. Finally, the survey results indicate that big size families more likely suffered from street children than low size families did.
Hajar Jannesari, Mahdi Khorvash, Mohammad Reza Iravani
Leadership style plays an important role on job satisfaction in educational systems. In this paper, we present a study among 180 school principals in city of Khomeinishahr, located in province of Esfahan, Iran. The study selects a sample of 123 principals and examines ten hypotheses including the effects of personality trait neuroticism, extroversion, resilience, participative, conscientiousness on job satisfaction. The study also investigates the impacts of transformational leadership style, transactional leadership style and Laissez – fair leadership style on job satisfaction. Finally, the study considers the relationship between personality trait neuroticism and transformational leadership style as well as personality trait extraversion and transformational leadership style. The study uses Pearson correlation test and verify that nine out of ten hypotheses have been confirmed and the relationship between Laissez – fair leadership style and job satisfaction is not confirmed.
Mohammad Khodaei Valahzaghard, Samaneh Refahi Bakhsh
This paper presents an empirical investigation to study the relationship between future profitability and abnormal accruals on selected firms from Tehran Stock Exchange (TSE). The study selects 223 firms from TSE market over the period 2007-2011. Using the regression analysis, the study shows there was no meaningful relationship between abnormal earnings and future profitability when the level of significance is five percent. There are also seven sub-hypotheses associated with the proposed study of this paper. The results indicate that while there were no meaningful relationship between firm size, ratio of book value to equity, capital expenditure, earnings quality, earning forecasted error and book value leverage on one side and future earnings, the study confirms a significance relationship between market leverage and future earnings.
Mohammad Hemmati, Seyed Abolfazl Dalghandi, Hossein Nazari
One of the primary concerns in banking industry is to measure the relative importance of banking industry using popular multi criteria decision making (MCDM) techniques such as data envelopment analysis (DEA) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS). In this paper, we use these two MCDM techniques to measure the relative efficiencies of 16 private and governmental banks in terms of electronic payment. There are three inputs with DEA methods including the number of issued cards, the number of ATM machines and the number of POSs and there are two outputs including the number of successful ATMs and the number of successful POSs transactions. The proposed study of this paper uses the necessary data of one of Iranian provinces and the results of the implementation of DEA and TOPSIS have indicated that 9 out of 16 banks were efficient. Our study also indicates that mean of relative efficiency for private banks was 82% while this number was 75% for governmental banks.
Ardeshir Tajzadeh Namin, Niko Pilevary, Aidin Tajzadeh Namin
The focus of this research is on assessing the quality of services of Tehran’s Saman bank and the available gap between customer’s expectation and perception. Also the relationship between customer’s satisfaction and each dimension of service quality (ie: reliability, tangibility, responsiveness, assurance and empathy) and ranking them accordingly, is investigated. The statistical population of this research is consisted of Tehran’s Saman bank customers. The research methods of this study are descriptive-survey as well as correlation. The statistical approaches of this study are correlation, t-student as well as Friedman tests. The results from a sample of 276, shows the service quality dimensions affect customers' perception based on SERQUAL. In addition, there are significant relationship between customers' perception and their satisfaction of the offered services. However, there are negative gaps between customers' perception and their level of expectation.