Thabang E. Marule, Willem J.S. Schurink and Wilfred I. Ukpere

DOI: https://doi.org/10.6000/1929-7092.2019.08.100

Published: 23 December 2019

Abstract: This study examines the working career experience of temporary employment services’ (TES) employees within a globalised economic environment. Incorporating the ethical framework for human resources and industrial relations (HRIR), the study investigates the perceptions of serving and ex-temporary employment services (TES) employees in relation to their work and career experiences. A multiple case study was adopted, with a focus on selected retail, banking, telecommunications, hospitality and Public Service. The finding reflected some mixed reactions for work experience and career outcomes and provided some platform for gaining experience by making informed career choices on one hand and addressing the poor conditions of work on the other. It was further established that the overall perceptions held about TES employment practices may fall below the HRIR ethical norms. This paper offers management and policy makers an insight into the mechanics of the TES phenomenon in the context of the HRIR ethics.

Keywords: Temporary Employment Services, Globalisation, Work Career Experience.

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N.V. Kapustina, A.N. Rjachovskaya, D.I. Rjachovskij and L.V. Gantseva

DOI: https://doi.org/10.6000/1929-7092.2018.07.68

Published: 12 November 2018  

Abstract: The modern conditions of construction companies’ activities in Russia are influenced by various processes: developing globalization, limitation of free trade due to economic sanctions, man-made disasters growth, worldwide digitalization, constantly evolving technologies. The purpose of this study is to develop a model for assessing risk factors’ impact on the financial stability of construction companies using regression analysis based on dependencies between risk factors and financial stability of construction companies on the basis of statistical data over the past 10 years. The following methods were used: questioning of owners and key employees in construction companies on the indicators choice that characterize external risk factors, correlation analysis, regression analysis, expert evaluation method, trend line method. As a result it was revealed that in order to create favorable conditions for the construction companies’ growth, a stable legislative base, a stable ruble rate and an activation of investments in fixed assets are needed. The proposed tool for assessing external risk factors and their impact on the construction companies’ financial sustainability can be used both to assess the organization's environment and to assess various risk situations in order to further use the results in decision-making.

Keywords: Financial stability, constraint companies, risks

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Carlos Dabús and Fernando Delbianco

DOI: https://doi.org/10.6000/1929-7092.2019.08.28

Published: 02 July 2019

Abstract: This paper explores the effects of the ratio exports/GDP and the terms of trade on growth among countries with different level of development and openness. These effects vary among subgroups of countries with different openness and per development level. Nonetheless, in general the evidence seems to support the hypothesis stated in this research. In less developed or better endowed for export countries one or both of the explanatory variables mentioned above encourage for economic growth. Specifically, in advanced economies only the ratio exports/GDP is growth promoting when these are open, and have high per capita but small global GDP and/or relative advantages to be growth export-led. In turn, exports or and the terms of trade trends to promote growth in lower middle income countries. Unfortunately, the surprising results came from the poorest countries. They do not are benefited from a more favourable foreign environment. On the contrary, exports are not significant while an improvement in the terms of trade diminishes their growth.

Keywords: Economic growth, degree of openness, developed level.

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Boris Rubtsov and Natalya Annenskaya

DOI: https://doi.org/10.6000/1929-7092.2018.07.35

Published: 12 November 2018  

Abstract: A quarter of a century after the first Russian joint stock companies were set up, the Russian equity market has become the leading market in Eastern and Central Europe. Russia has a state of the art trading and settlement system, with the Moscow Exchange (MOEX) being its centerpiece. The Russian joint stock companies successfully introduce the best practices of corporate governance. The accounting system is becoming more and more adequate and transparent. However, in the last decade the Russian stock market has demonstrated one of the worst returns in the world among the 20 largest economies. Judged by the main indicators (P/E, P/B, Dividend Yield) the Russian market looks very much undervalued.

The authors analyze the causes of this situation, define the factors which impact most the Russian stock market (the ownership structure, volatility, dividend policy, the role of foreign investors, correlation with oil prices) and make the conclusion that the most important factor has been the sanctions imposed upon the largest Russian companies after 2014.

Keywords: Stock market, Russia, financial markets, emerging markets, regulation.

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