Year 2020, Issue 2
Date published19.6.2020
Table of content
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Andrey Zahariev, Stefan Stanimirov, Nikolay Todorov Zdravkov
Managerial Financial Model of an Insurance Broker in Bulgaria - Methodological and Applied AspectsSummary: The object of research are the insurance brokers in Bulgaria, and its subject is the methodological framework for building a management financial model of an insurance broker in Bulgaria. The leading thesis in the present study is... The object of research are the insurance brokers in Bulgaria, and its subject is the methodological framework for building a management financial model of an insurance broker in Bulgaria. The leading thesis in the present study is based on the statement that the optimal financial management of a brokerage company in the insurance sector in Bulgaria requires the construction of a complex model based on the control of the financial value of the company, which allows to compare the attractiveness of various business lines, through which to develop those of them, bringing the greatest increase in the value of the company. The purpose of the development is to justify a methodological framework for building a comprehensive financial management model based on the control of the financial value of the company, which allows by forecasting the benefits and costs to compare the attractiveness of different business lines for development and expansion. The focus is on gross premium income from corporate insurance and retail brokerage. As a result of the research, forecast values for the period 2019-2023 are generated, first the exogenous variables are predicted, and on their basis - the main target variables. The constructed model has an extremely high descriptive ability - as for the historical period the two curves - with real reporting data and the modelled one - practically coincide. On this basis, the forecast part can be considered relevant for the purposes of the management financial model. Similar results are achieved in the modelling and forecasting of retail premiums, which is the basis of the insurance broker's profit.DOI: -
Yuri Borisovich Shubnikov
Digital Rights in the System of Civil Rights Objects: Features and Problems of Legal Registration in RussiaJEL: K15Summary: In this article, the author attempts to analyze the features of the formation of a uniform legal framework for regulating legal relations in Russia within the digital economy. The author pays special attention to the problems of... In this article, the author attempts to analyze the features of the formation of a uniform legal framework for regulating legal relations in Russia within the digital economy. The author pays special attention to the problems of development of legislation on objects of civil rights that resulted from the development of digital (intellectual) technologies-digital rights and digital money (crypto currency, electronic money).DOI: -
Maya Tsoklinova
Impact of the Green Economy on the Level of Health Status of Population in Some EU Member StatesSummary: Many of the European Union's policies are related to promoting the idea of a ecological and resource-efficient economy, respecting the principles of the green economy. The latter is defined as the main tool through which the goals... Many of the European Union's policies are related to promoting the idea of a ecological and resource-efficient economy, respecting the principles of the green economy. The latter is defined as the main tool through which the goals of sustainable development can be achieved. The green economy is perceived as a universal approach that has an impact on the long-term development of national economies and helps to solve a number of problems related to the economy, public welfare and environmental protection. The aim of the article is to make complex assessments of the level of the green economy and the level of health status of the population in some European countries and to establish the degree of interdependence between them. The first complex assessment is based on the following indicators: consumption of inorganic fertilizers; environmental taxes and fees by economic activities; a contribution to the USD 100 billion international commitment to climate-related spending; capacity for production of electricity from renewable sources and waste; production in industry, and the second one is based on: average life expectancy; share of people with good or very good perception of health as a value; air pollutants and greenhouse gases; causes of death; general health expenditure. It was found that the degree of dependence between the two complex estimates is large, since the value of the correlation coefficient (r) is 0.87.DOI: -
Galya Taseva
Innovation and Financial Performance of SMEs in BulgariaSummary: : The relationship between innovation activity and the financial performance of SMEs in Bulgaria is examined. The survey results show that there is no statistically significant relationship between the innovation activity of... : The relationship between innovation activity and the financial performance of SMEs in Bulgaria is examined. The survey results show that there is no statistically significant relationship between the innovation activity of enterprises and their financial results, net sales, profit margins, return on assets (ROA), return on equity (ROE) and asset turnover. However, a significant dependence of the innovative activity of SMEs in the country and indicators of their liquidity, indebtedness and bankruptcy risk are revealed. SMEs that have innovation costs or have introduced in their market a new or significantly improved product, or have introduced new or significantly improved production methods in the last three years, are less liquid, more indebted and more likely to go bankrupt.DOI: -
Alexandar Angelov
Supply Chain Management in Low Demand Intensity for Electrical Products and Reducing Delivery VolumeSummary: The present study is developed in three paragraphs. The first one provides information regarding different types of supply chains, with an emphasis on the two- echelon linear supply chain. Secondly, preview of theoretical aspects of... The present study is developed in three paragraphs. The first one provides information regarding different types of supply chains, with an emphasis on the two- echelon linear supply chain. Secondly, preview of theoretical aspects of the models for researching and simulating the inventory management is conducted. The second paragraph adapts a methodology for inventory management comparative analysis by economic order quantity and supply chain model, depending on demand and reduced supply quantity. The third paragraph presents an empirical results analysis that consequently confirms that when managing inventory in the supply chain, the overall costs are lower.DOI: