2016, Issue 2

The advances in technology and changing demand from higher educational institutions and business as well as the possibility for reducing costs and generating income has led to the Massive Open Online Courses (MOOCs) explosion. Over the last years, MOOCs have received a great deal of attention from the academic community and, the business world. MOOCs paradigm appears as a very advantageous and commercially interesting solution for many companies looking to implement effective training programs…

Before the work of Elinor Ostrom social sciences are dominated by the view that it is not possible the problems of collective action to be solved effectively – at least in those cases when the people are left on their own; so the only way to deal with those problems is through government intervention. Ostrom rejects this orthodox approach that has been established not only in the academic science but also in politics. Her work reveals an enormous layer of the social reality that remained…

The article is an attempt to look, in an analytical and contrastive way, at the accounting principles of the Accounting laws in force both before and after 2016. To find the philosophy of the accounting principles we start from: the normative regulation of Accounting; the two accounting schools: the European-Continental and the Anglo-Saxon; the importance of the accounting information, based on the accounting principles, and the essence of Accounting as a social science. In order to look in a…

The system of agriculture applied in the production of a crops is a key factor for the sustainability of agricultural farms in a long term. In this context, in order to examine the implementation of a specific product system, a matter of high important is the analysis of inputs of production factors that affect yields and costs incurred for them. This study aims to reveal the importance of the system of fertilization and trends in the use of organic and mineral fertilizers as a sign of the agricultural…

Measurement of latent variables is a common task in various marketing research. Adequate measurement requires precise definition of the model of the hidden variable or construct. This article summarizes recommendations for distinguishing between formative and reflective models. These models are used in research on marketing issues such as loyalty, attitudes and beliefs, brand image, emotions, perceived risk.

In this purely critical and analytical manuscript, the author will discuss on "adequacy" of financial reporting in the country of "good" corporate practices. As a criterion for this analysis he formulated the leading role of dependence "quality-utility" of the resulting information for making investment decisions based on data from financial reporting. Test according to this criterion as the author subjected the development of financial reporting in more than a quarter…

The object of the author's study are problems- еssence and main elements of the international monetary system (IMS), Paris IMS or classical gold standard, Genoese monetary system - a modified form of gold standard, Bretton Woods system as the first result of the postwar monetary doctrine, Jamaican currency reform - a complete denial of the golden model, European monetary system based on the euro and European Exchange Rate Mechanism II.

The author of this paper was a team leader final result of the Cross sectoral Megaprojects working group under a COST Programme action in the period of 2012-2014. The group transformed into a risk management group and he (Milen Baltov) was the one to identify the issues of “incorporating risks” and “dealing with conflicts” in the formal project management of the investments. The author together with the team leader of the Transport working…

In the proposed study is made an attempt to integrate the risk of unfavorable increase of government debt of the Republic of Bulgaria in the period 2017 - 2019 with Monte Carlo simulation. Conducted simulation is based on the specifications of regression model of debt with tax revenues as an independent variable. For this purpose was used data for the period 1998 - 2016. The relation between the government debt and the tax revenues was statistically significant (R = 0,789). The availability of…