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Journal of Applied Management and Investments



ISSN 2225-3467



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 Volume 8 Issue 3 2019                                  Abstracts







 Analysis of Attitudes of Talented Employees towards Selected Factors of Working Life

J. Cocuľova       

The paper focuses on the issue of talent management, which is currently one of the biggest challenges in the area of human resources management. The paper points out the theoretical background of talent management, emphasizing the importance of its effective implementation in the company. The paper presents the results of the research carried out on a sample of Slovak companies. The aim of the study was to verify the existence of statistically significant differences between talented employees and other employees in terms of selected aspects of the working life, like interest in training and development, interest in career growth and the need to participate in achieving set goals. In order to achieve this aim we tested 3 hypotheses using the F-test method to test the variance and Student's t-test. All the hypotheses were confirmed.

Keywords: talent management, talent pool, working life, training and development, career growth

JEL Codes: M12, M53

Citation: Cocuľova, J. (2019), “Analysis of Attitudes of Talented Employees towards Selected Factors of Working Life”, Journal of Applied Management and Investments, Vol. 8 No. 3, pp. 117-124.


  A Study on Commodity Market Behaviour, Price Discovery and its Factors  

M. Dash

Commodity markets have been gaining importance in recent years, giving participants an opportunity to go for forward contracting and hedging. In particular, derivative markets have attained more than eighteen times in trading volume when compared to the spot markets. This paper provides an overview of the commodity market in India and its participants, and analyses twelve commodities that are traded in MCX (Multi Commodity Exchange), in terms of price discovery of the spot and futures markets using GARCH model. It also analyses the impact of trading volume, inflation and other macroeconomic factors on spot and futures price movements.

Keywords: commodity markets, price discovery, GARCH model, trading volume, inflation, macroeconomic factors

JEL Codes:  Q02, C58, G13

Citation:  Dash, M. (2019), “A Study on Commodity Market Behaviour, Price Discovery and its Factors”, Journal of Applied Management and Investments, Vol. 8 No. 3, pp. 125-134.


  Does Insurance Promote Economic Growth? Evidence from BRICS Countries  

S. Devarakonda,  J. Chittineni

The influence of economic growth is realized through the functions of financial intermediaries – the mobilization of savings, the reduction in the cost of capital through economies of scale and specialization, the provision of risk management and liquidity, the improvement of resource allocation. Given the vast body of research on the relationship between bank/capital market – finance and economic growth, there is definitely a need for more empirical work on the insurance-growth nexus. Insurance companies play a major role in these functions and thus should also play a major role in economic growth, as they are the main risk management resource for companies and individuals. Therefore, according to the theory, the insurance sector is one of the factors contributing to economic growth. This paper examines the short- and long-run dynamic relationships exhibited between economic growth and growth in the insurance industry for BRICS countries. This is achieved by conducting a co-integration analysis on a unique set of annual data for GDP per capita and total insurance penetration, life insurance penetration and non-life insurance penetration in each country from 1990 to 2014. The results from the tests suggest that in these countries, the economic growth.  Granger causes insurance development and the relationship is unidirectional. Moreover, the results indicate that these relationships are country specific and any discussion of whether the insurance industry does promote economic growth will be dependent on a number of national circumstances.

Keywords: insurance development, economic growth, insurance penetration, co-integration, Granger causality

JEL Codes: G22, O47, C12

Citation:  Devarakonda, S. and Chittineni, J. (2019), “Does Insurance Promote Economic Growth? Evidence from BRICS Countries”, Journal of Applied Management and Investments, Vol. 8 No. 3, pp. 135-146.


   The Nordic Baltic Region and European Integration: Economic, Political and Security Concerns

H. Þ. Hilmarsson

The Nordic Baltic region is now closely interlinked via trade, investment, mobility of people, and financial sector. All the eight countries in this group have pursued some form of integration with the European Union (EU). Six of them are EU member states, four of them are members of the euro area, and all of them are within the European Economic Area (EEA) and all are Schengen member states. But can these small countries as a group cooperate more closely and perhaps exercise more collective authority in Europe? The Nordic countries and the Baltic States cooperate in the Bretton Woods institutions, the World Bank and the IMF, and six of them are among European NATO member states. But when it comes to European integration the lack of common approach complicates their cooperation. Within this group there are internal divisions between the hardcore EU and euro area member states (the Baltics and Finland), EU members (Denmark and Sweden) and EU outsiders (Iceland and Norway). Common pathways for the future cooperation in Europe may be hard to find. Also, the Nordics are high income welfare states, but the Baltics are neoliberal with minimal governments and low-tax regimes. Additionally, external forces continue to challenge the Nordic Baltic region, including revanchist Russian policies threatening Baltic sovereignty, unpredictable US policies towards NATO as well as reduced military presence in Europe, and rather dismal EU and euro area post crisis economic performance. All point to a future of uncertainty including both economic and security risks.

Keywords: European integration, small states, regional cooperation, Nordic countries, Baltic States

JEL Codes:   F15, F53, O52

Citation:   Hilmarsson, H. Þ. (2019), “The Nordic Baltic Region and European Integration: Economic, Political and Security Concerns”, Journal of Applied Management and Investments, Vol. 8 No. 3, pp. 147-158.



   Formation of a Balance-Based Complex of Indicators in the Food Procurement Management System

S. Kniaz, R. Skrynkovskyy, T. Protsiuk, V. Matsuk

Entrepreneurship in the food market is usually conducted in a competitive environment. The competitive environment is characterized by business risks, the source of which is a competitive struggle for the consumer. Consequently, competing enterprises are constantly searching for opportunities for lowering prices, improving the quality of goods offered for the market and diversifying the product range. This implies a change in the conditions of the internal and external environment, as well as the permanent need to identify the need for adoption of corrective, and sometimes, anti-crisis decisions. The identification of the need for regulatory decisions is based on the results of monitoring the factors that affect the various components of the management system of the enterprise. For food companies, in addition to economic efficiency, a key component that needs monitoring and regulating the quality and safety of food products, including their manufacture, storage, transport and sale.  Given this, it is important to deepen the theoretical and applied provisions for the formation of a balanced set of indicators that would characterize both the economic efficiency of food businesses and the quality and safety of the products they offer on the market. The construction of such a set of indicators requires clarification of the list and disclosure of the essence of the principles of economic efficiency, the principles of implementing a system for managing the safety and quality of food products, as well as the principles of the formation of the actual set of indicators. An important aspect of forming a balanced set of indicators in the food business management system is also the allocation of components of the logical-structural scheme of this process, establishing links that indicate that there are key factors in the formation of common conclusions based on the results of the integrated assessment of the activities of business entities on the food market.

Keywords: economic efficiency, quality, safety, food enterprise, indicators

JEL Codes: M14, O15, L22

Citation: Kniaz, S., Skrynkovskyy, R., Protsiuk, T. and Matsuk, V. (2019), “Formation of a Balance-Based Complex of Indicators in the Food Procurement Management System”, Journal of Applied Management and Investments, Vol. 8 No. 3, pp. 159-171.







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