COMPARABLE VALUATION METHOD - A NEW APPROACH. CASE STUDY: A ROMANIAN FLEXOGRAPHIC PRINTING FIRM

This study presents the valuation scheme of a flexographic printing industry firm. The industry, the technology used and most importantly the firm being young ones, it is not possible to use the classical comparable valuation methods. The new approach in this matter is to use as benchmark financial ratios not those related to the price of the firm (as P/E, P/S, P/BV, P/CF, P/CAPEX), but those related to the structure of the income statement, financial and operating leverage using 13 Romanian and 6 Hungarian reference firms' data. Our main contribution to this line of research is to solve the problem of lack of reference data regarding the price, the benchmark companies not being listed on any stock exchange.mergers and acquisitions, corporate valuation, free cash flow, comparable valuation method, benchmarking

Tájváltozások a Hármas-Körösön és a Kákafoki-holtágon

A holtágak nem csupán jellegzetes tájképi elemek, a vízrendszer fontos részét alkotják és egyre inkább erőforrásnak tekintik ezeket a szakemberek, s az itt élők is. A hasznosítási lehetőségeket a vízháztartási paraméterek mellett jelentősen befolyásolja vízminőség is, amelyre nézve kockázatot jelent, hogy – a mezőgazdasági földterületek korlátossága miatt – a termelés fokozását csak intenzívebb hasznosítással érhetjük el. A hidrológiai és biológiai rendszerekbe való, nem szakszerű beavatkozás többek között ahhoz vezet, hogy megváltozik a növénytakaró és az állatvilág összetétele. A földhasználat növekvő intenzitása miatt a kárelhárításról a kár megelőzésére kell tehát áttérni, ezért is fontos, hogy a holtágak gazdaságos hasznosítására időben szülessen döntés. Ezek előkészítése során fontos a sajátos, lokális folyamatok feltárása részletes esettanulmányok keretében. Jelen tanulmány is ehhez kíván hozzájárulni

Sustainable food consumption intentions related to food safety among young adults

Long-term sustainability of food consumption is in the mainstream of the current trends in the production and consumption patterns of food. A growing number of analyses question this issue nowadays. Despite several papers investigating the profile of sustainable consumers, understanding of the determinants of consumer decision-making and intention towards sustainable food consumption needed further investigation. This study investigates the determinants of sustainable food and food safety on consumer behavior among young customers in Hungary. The objective of this paper is to explore the intention factors of food safety based on sustainable consumption patterns. To gain a better insight into sustainable consumption patterns, the research process was quantitative in nature

Analysis of Sectoral Features in Hungarian Accredited Innovation Clusters

This paper discusses how sectoral characteristics are reflected in the operation of Hungarian accredited innovation clusters. The purpose of this paper is to analyse how sectoral bonding affects the mission of the clusters as well as their innovation and market goals, the membership criteria of the management and the motivation of the members and their cooperation.The study uses a literature review and in-depth interviews to identify the interrelations and the differences between networks and clusters, and to observe several sectoral features in the Hungarian accredited innovation clusters

Sustainable consumption : consumers’ reactions to CSR activities in Hungary

The significance of socially responsible consumption as well as the question regarding the knowledge and information that consumers may have about producers of consumer products are increasingly appearing in the literature. In the case of companies, responsible corporate operation and how to transfer this information from company to consumer have become key issues, especially over the last decade. Socially responsible consumption, which is the incorporation of social and environmental concerns by individuals in their consumption choices, is growing. The aim of this research is to verify the existence of different profiles of socially conscious consumers and to study their social representation of consumption. Keywords: sustainable consumption, conscious consumption, Corporate Social Responsibility, consumer segments, degrowth, sustainable developmen

Qualitative study of preferences and attitudes towards honey consumption in Hungary

Honey is becoming increasingly popular among consumers for its health and nutritional benefits as well as several other functions. The survey identifies four main dimensions of honey-purchasing motivation: medical benefits of honey consumption, dietary quality, cosmetics and sweetener. There are very limited empirical analysis of the aspects of honey consumption. The present study contributes to fill this knowledge gap through a qualitative study of consumer perceptions, preferences and attitudes towards honey among Hungarian consumers through 86 in-depth interviews. The study identifies different consumer segments, which are also willing to pay premium prices for the Hungarian or local honey. Quality cues are defined by search attributes of the product (colour, taste, aroma, thickness), and ethical attributes (warranties, brand name, country-of-origin)

Operational Characteristics of Hungarian Innovation Clusters as Reflected by a Qualitative Research Study

Our paper is focusing on Hungarian innovation clusters which have also earned accreditation titles. Nowadays, one may say that the number of players recognising the advantages of a cluster membership among businesses as well as non-profit organisations is increasing; we can therefore witness a process of closing up in the development of clusters, similarly to other areas. The result and practical significance of our study is that highlights the potential of organising clusters – compared to business networks - and shows the opportunities of innovation and cooperation

Qualitative study of preferences and attitudes towards honey consumption in Hungary

Honey is becoming increasingly popular among consumers for its health and nutritional benefits as well as several other functions. The survey identifies four main dimensions of honey-purchasing motivation: medical benefits of honey consumption, dietary quality, cosmetics and sweetener. There are very limited empirical analysis of the aspects of honey consumption. The present study contributes to fill this knowledge gap through a qualitative study of consumer perceptions, preferences and attitudes towards honey among Hungarian consumers through 86 in-depth interviews. The study identifies different consumer segments, which are also willing to pay premium prices for the Hungarian or local honey. Quality cues are defined by search attributes of the product (colour, taste, aroma, thickness), and ethical attributes (warranties, brand name, country-of-origin)