European Journal of Business Science and Technology, 2016 (vol. 2), issue 2
Housing Price Fundamentals through the Business Cycle
Michael G. Wenz, William Wei-Choun Yu
European Journal of Business Science and Technology 2016, 2(2):91-106 | DOI: 10.11118/ejobsat.v2i2.55 
We examine the fundamental determinants of nominal home price growth from 1995 to 2012 across 300 metropolitan areas in the U.S. This sample period provides a trough-to-trough time period that allows for analysis through a complete business cycle. By using a supply-to-demand ratio for home price appreciation, we identify a straightforward and powerful method for predicting home price appreciation across markets. We suggest an alternative and simple method for addressing endogeneity in house prices and include a comprehensive measure of human capital. We find five significant factors: home supply growth, personal income growth, human capital, an ocean...
Risk Management and Performance of Listed Banks in Ghana
Eric Dei Ofosu-Hene, Peter Amoh
European Journal of Business Science and Technology 2016, 2(2):107-121 | DOI: 10.11118/ejobsat.v2i2.46
The objective of the study was in two parts; first, to construct an overall risk index to ascertain risk level of banks listed on Ghana Stock Exchange (GSE), second, to ascertain whether there is a significant relationship between risk management and bank performance. Secondary data of all listed banks on GSE over the period 2007-2014 was used and a panel regression data approach and a risk index were constructed for all listed banks. Findings show that, banks listed on Ghana Stock Exchange have declining risk indexes on average over the latter part of the study period indicating that the Ghanaian Banking Regulator may have to impose additional prudential...
Economic Adjustment of Default Probabilities
Tomáš Vaněk
European Journal of Business Science and Technology 2016, 2(2):122-130 | DOI: 10.11118/ejobsat.v2i2.64
This paper proposes a straightforward and intuitive computational mechanism for the economic adjustment of default probabilities, allowing the extension of the original (usually one-year) probability of default estimates for more than one period ahead. The intensity of economic adjustment can be flexibly modified by setting the appropriate weighting parameter. The proposed mechanism is designed to be useful especially in the context of lifetime expected credit losses calculation within the IFRS 9 requirements.
The Importance of Corporate and Social Involvement in the Implementation of Climate Friendly Projects
Attila Zsolt Kovács, Bálint Horváth, Waleed Ali Hussein Al-Zaidi, Enikő Lencsés
European Journal of Business Science and Technology 2016, 2(2):131-140 | DOI: 10.11118/ejobsat.v2i2.57
Everyday people have been experiencing changes in weather and climate. The question is whether we are really on the top of a tendency or we just overstate the weather change because of our heuristic mentality? If the negative tendency of change is adopted we must involve climate friendly technologies in the strategic decision making process of enterprises. On the other hand, the important thing to keep in mind is that the main motor of the strategy is the profit. In case of the latest climate related strategies the problem is the hard quantification of the real profitability because it also depends on external effects. In spite of the classical investment...
Examining Young People's Attitude toward Special Domestic Items in Hungary
Ákos Varga, Ildikó Kemény
European Journal of Business Science and Technology 2016, 2(2):141-151 | DOI: 10.11118/ejobsat.v2i2.40
In our study we have examined the awareness and attitudes of young people (18-24 years) in Hungary toward a special selection of items: as several countries in the world, Hungary also has its own list of domestic products, places and historical heritages, which are called 'hungaricums'. These items could be defined as the core elements of patriotism, thus they are able to induce strong ethnocentric behavior. Our aim was to differentiate the emotional attitudes by gender. To achieve that, we have designed an online survey in order to get a basic understanding about the young people's attitude toward the hungaricums and the gender differences in this...
Perception of Local Food Labelling by Generation Z: Eye-Tracking Experiment
Jan Fiala, Ivica Toufarová, Stanislav Mokrý, Martin Souček
European Journal of Business Science and Technology 2016, 2(2):152-159 | DOI: 10.11118/ejobsat.v2i2.65
The subject of this research is to reveal the customer's approach towards local food in general and to explore the impact of its labelling on consumer perceptions. The main objective is to find out if an eco-label, a local-label or a bio-label has an impact on consumer behaviour. The following methods were used during the research: eye-tracking technology, in-depth interviews, the A/B testing method, the non-parametric Mann-Whitney test and the non-parametric Kruskal-Wallis test for testing hypotheses. Data were collected from the eye-tracking device in December 2015 and additionally revised for higher validation. In total, the observation contains...
The Stereoscopic Analysis and Depth Map Creation
Ondřej Švehla
European Journal of Business Science and Technology 2016, 2(2):160-168 | DOI: 10.11118/ejobsat.v2i2.66
This contribution is focused on the use of the stereoscopic image for the purpose of depth map creation. Further, methods for calibration of the camera(s) are discussed. A stereoscopic head was constructed for the purpose of creating a stereoscopic image. Two Basler acA1600-20uc industrial cameras with Computar M2514-MP2 lenses were used for constructing this head. Furthermore, the algorithm for obtaining the depth map is described. The programming language C# and EmguCV library were used for the implementation of the algorithm. The algorithm consists of 4 parts. The calibration of the camera(s) and image acquisition is solved as first. Calibration...