MACD - Analysis of weaknesses of the most powerful technical analysis tool

Due to the huge popularization of the stock trading amongst youth, in the recent years more and more of trading and brokerage houses are trying to find a one ‘easy to understand’ tool for the novice traders.  Moving average convergence divergence seems to be the main pick and unfortunately inexperienced traders are relying on this one tool for analysis and trading of various securities.   In this paper, I will investigate the validity of MACD as the ‘magic wand’ when solely used in investment trading decision making.  The main limitation of this study is that it could be used more widely across industries and various sizes of companies, funds, and other trading instruments

ATTRACTING FOREIGN DIRECT INVESTMENT IN DEVELOPING COUNTRIES: WHY BOSNIA AND HERZEGOVINA SHOUD BE LEARNING FROM CHINA

The importance of capital inflows and outflows is something that country needs and encourage it to help the economies of countries to grow at a steady rate. The purpose of this study is to provide a framework and to explain what main drivers of FDI in the world are and what policies should be made to encourage the FDI in BiH. Main limitations of this study would be that, since this is rather an extensive study, it will not be able to cover all factors in-depth, but the author will try to explain in great detail the ones that she considers to be of great importance for Bosnia and Herzegovina. The author will examine factors that China took into consideration as it's incentives for attracting FDI. Furthermore, this study will show what the main factors are influencing the FDI of other countries and how Bosnia can improve its policies and change them to attract FDI

ANALYSIS OF A STANDALONE USAGE AND LIMITATIONS OF RELATIVE STRENGHT INDEX INDICATOR IN STOCK TRADING

In the stock trading community, a recent growth in number of traders, especially young ones, is quite visible and more and more investors are trying to find one turnkey tool that can work for rookie traders as well as seasoned professionals.  The purpose of this research is to analyze one of the proclaimed magic tools of trading called Relative Strength Index (RSI).  Researchers plan to examine and analyze a standalone usage of RSI as a sole determinant of investment decisions.  RSI indicator is one of the five most popular technical indicators and it is very often used in assessment of stock direction but unfortunately some inexperienced investors are relying too much on this one tool and use it for analysis and trading of various securities.   Secondary data will be used to analyze the signal strength and profit relation using regression and paired sample t-test.  The outcome of the study portrays that RSI indicator is highly unreliable due to a very weak coefficient of determination; hence the tool should be used only when coupled with other technical analysis indicators.  The main limitation of this study is in its breadth so in the future it could be used more widely across industries and various types of companies

FORENSIC ACCOUNTING AS A SOLUTION TO MANIPULATIVE ACCOUNTING OF SME’S IN BOSNIA AND HERZEGOVINA

Accounting reports are the main certificate of financial position, as well as business and monetary success of the company. Manipulation of accounting reports include fictitious or incorrect processing of the data – all with the aim to camouflage the true picture of firm’s financial health.  Forensic accounting as a special accounting practice will be scope of this study. This study was conducted on the Bosnian market and targeted small and medium enterprises with less than 250 employees. The aim of this research is to prove that forensic accounting gives satisfactory results in discovering significantly wrongly presented information in the financial statements, caused by frauds. This study uses primary data collection through the distribution of questionnaires. The data collected from the observed SMEs companies were analyzed, and study findings showed that forensic accounting is important and helpful to point out the wrongly presented information

IMPACT OF TRAINING QUALITY & TEAM COMPETENCE ON ERP IMPLEMENTATION SUCCESS: EVIDENCE FROM BOSNIA & HERZEGOVINA

This study is focused on empirical factors that are influencing perceived success of ERP implementation by users in companies in Bosnia and Herzegovina. The study investigates effects of training quality and team competence on ERP implementation success in Bosnia and Herzegovina companies. A structured survey, based on previously validated scales, was used to collect the data, and once collected, was processed in SPSS and Microsoft Excel. Descriptive statistics and regression methodology were applied in SPSS. Results revealed statistically significant effects of Training Quality on ERP Implementation Success while the hypothesized effects of Team Competence on ERP Implementation Success were not confirmed. Rejection of direct effects of Team Competence emphasize some specifics of the market and the economy of Bosnia and Herzegovina. It may be that an under-developed economy and the ERP culture caused some factors to be less important in the success of the ERP implementation. Results of this study may help companies, managers and project managers in need of ERP implementation to identify important factors of perceived success by users. The population of the study is from one corporation located in Bosnia and Herzegovina with approximately 400 ERP users that developed and internally implemented their own ERP system

IMPACT OF FIRM SIZE ON THE EXPORT PERFORMANCE IN MANUFACTURING COMPANIES IN BOSNIA AND HERZEGOVINA

Exports play an important role in the economy of Bosnia and Herzegovina, influencing the level of economic growth, employment and the balance of payments. The objective of this research is to analyze impact of the firm size (revenue and number of employees) on export performance in manufacturing sector in Bosnia and Herzegovina. These are performed to test whether the firm size has a positive effect on the export performance. Secondary, audited financial performance data of 4077 manufacturing companies, covering the period from 2012-2017 were analyzed. A knowledge gap is clearly visible since Bosnia and Herzegovina is still having more imports than exports, which is resulting in negative trade balance.Descriptive statistics were used in the means of correlation and regression in order to analyze impact of firm size on the export performance and provide the evidence that firm’s characteristics, such as size and revenue have impact to the export performance of manufacturing companies in Bosnia and Herzegovina. Results confirmed the main hypothesis that the firm size has a positive effect on the export performance in manufacturing companies in Bosnia and Herzegovina. Those results are expected to help and guide governments and companies in Bosnia and Herzegovina behave and make significant changes when it comes to exporting. Since no similar research was previously conducted in the country, it will be a contribution to the poorly developed research area. Further research should explore related topics such as impact of industry on competitive advantage in international trade

Antecedents of absorptive capacity in knowledge-transfer projects: What affects the absorptive capacity of the recipient project team?

For many companies, planning and executing effective knowledge transfer with external organizations is becoming increasingly relevant. However, the complexity of such processes often results in high failure rates. By taking the perspective of the recipient organization in a knowledge-transfer project, this research aims to identify the antecedents of a recipient project team’s absorptive capacity.  Empirical evidence from the case of a multi-national  energy company transferring technological and organizational knowledge from its UK to its Swedish subsidiary is combined with findings from prior research in order to develop a set of research propositions

MACD - Analysis of weaknesses of the most powerful technical analysis tool

Due to the huge popularization of the stock trading amongst youth, in the recent years more and more of trading and brokerage houses are trying to find a one ‘easy to understand’ tool for the novice traders.  Moving average convergence divergence seems to be the main pick and unfortunately inexperienced traders are relying on this one tool for analysis and trading of various securities.   In this paper, I will investigate the validity of MACD as the ‘magic wand’ when solely used in investment trading decision making.  The main limitation of this study is that it could be used more widely across industries and various sizes of companies, funds, and other trading instruments