Economics & Law

Journal Information
EISSN : 2682-972X
Published by: Southwest University Neofit Rilski (10.37708)
Total articles ≅ 31
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Latest articles in this journal

Andriyana Andreeva, Galina Yolova, Darina Dimitrova
Economics & Law, Volume 4, pp 120-133;

The study researches a set of problems regarding the role of the Labour Inspectorate in its capacity as a supervisory authority on compliance with labour legislation in Bulgaria. In view of the objectives they have set, the authors trace back in logical sequence the historical development of the supervisory authority and its current regulations. The study performs an up- to- date normative analysis of the main legal tools for exercising control of compliance with labour legislation. Based on the research, summaries and conclusions of practical importance are formulated so that the legal framework may be updated.
Cherine Soliman, Doaa Salman Abdou
Economics & Law, Volume 4, pp 101-119;

Digitalization is reshaping the country’s future economic viability. Many countries invest in developing digital entrepreneurs to accelerate economic growth. This study aims first to determine the role of Egyptian private higher education (HE) in developing digital entrepreneurs (DE). Second, explore the institutional governance and strategy of the private universities via the three higher educational constructs, namely the university vision, mission, and core value; the educational environment; and the university’s digital social media use as an influencer factor in the development of digital entrepreneurs. The methodology of the paper applies both qualitative and quantitative methodologies. It began with a series of semi-structured interview questions posed to a group of undergraduate students, followed by a quantitative investigation. This research highlights the existing difficulties and prospects of DE in Egyptian higher education. Finally, provide recommendations to decision-makers and educators on how to speed up DE.
Agus Suyandi Roni, Rachmad Safa’At, Istislam, Iwan Permadi
Economics & Law, Volume 4, pp 84-100;

A good and healthy environment is a human and constitutional right for every Indonesian citizen (UUD NRI 1945). However, increasingly complex environmental problems continue to threaten human rights, such as cases of forest and land fires. The community is the most disadvantaged party due to the forest and land fires, ranging from environmental damage, healthy problems, delays in the learning process in schools, and other activities that have an impact on economic losses. In this case, the community cannot apply for restitution. The legal problem is that there is a void in norms governing the restitution process for victims affected by environmental crimes in general, including victims of forest and land fires. Therefore, the purpose of this research is to formulate a formulation in the criminal justice system in Indonesia related to legal protection in the form of compensation/restitution for the victims affected by forest and land fires. This type of research is a legal research with a statutory approach, a conceptual approach, a case approach, and uses a legal material analysis technique in the form of a qualitative descriptive technique with inductive logic. The results of this study conclude that the formulation of appropriate norms must be carried out immediately and must also be made in a balanced manner, not sharp down and blunt up, these regulations must be made taking into account the rights and obligations as well as the dignity and worth of the community as victims of forest and land fires based on Human Rights (HAM) which recognizes the basic human right to be able to live in a good and healthy environment and is obliged to maintain and be responsible for all actions to prevent pollution. Restitution is given taking into account the amount of losses suffered by the affected victims.
Economics & Law, Volume 4, pp 1-14;

It is generally accepted that municipal property is a basic prerequisite for financial autonomy and administrative independence of local authorities. In Bulgaria, municipalities received ownership rights from the Constitution (1991) and this regulation was further confirmed by the Law on Local Self-Government and Local Administration (1991). In 1996 municipal property was finally settled with the adoption of the Law on Municipal Property and the Law on State Property. In the late 1990s local governments received significant amounts of assets from the central government. The process was accompanied by abuses of administrative authority, corruption scandals, and financial mismanagement. Two decades latter, Bulgarian municipalities have different types of assets, but the effectiveness of local financial management is still a topical issue. This paper aims to analyse and estimate the financial performance of nine enterprises owned by Blagoevgrad municipality with Z-Score model. The analyzed period covers the years from 2006 to 2020. The results indicate that municipal enterprises can achieve profitability while providing a wide range of services to the local community.
Budi Her Utomo, Suhariningsih, Iwan Permadi, Yuliati Yuliati
Economics & Law, Volume 4, pp 55-67;

Passive Subjective Novation is a replacement of the old debtor with a new debtor, and the creditor agrees that the old debtor is freed from the obligation to pay the debt. In Indonesia, Novation is regulated in the provisions of Article 1381 of the Civil Code, but in reality there is no single legal regulation that clearly explains Novation, especially Passive Subjective Novation. This legal vacuum regarding Passive Subjective Novation then causes legal uncertainty and creates problems because there are no clear references in terms of understanding, implementing regulations, and standard operating procedures (SOPs). The problems in this study are related to the existence of Passive Subjective Novation in credit agreements with mortgage rights in the legal system of agreements and guarantees, the meaning of Passive Subjective Novation in credit agreements by using mortgage guarantees on land, and the legal position of new debtors with Passive Subjective Novation so that can provide legal certainty. This research is normative juridical research using an analytical approach and a conceptual approach as well as grammatical interpretation analysis techniques, systematic interpretations and teleological interpretations to analyze primary, secondary and tertiary legal materials. The results of this study indicate that the existence of a novation credit agreement, especially a passive subjective novation if carried out will involve the parties who were originally involved in the previous credit agreement. The novation is carried out explicitly by using a concrete authentic deed to confirm the position of this novation in the credit agreement. Switching the debtor when the credit agreement is still halfway through, can cause problems for the bank, and the most important and first problem that arises is who will continue the credit agreement because it is impossible for the credit agreement to be released just like that.
Doaa Salman, Nouran Yasser, Andrew Raafat
Economics & Law, Volume 4, pp 15-27;

This paper provides a market analysis which represents a diagnostic procedure for determining the core causes of market behaviour from an economic standpoint. This paper reflects on the role of the automobile industry which has a substantial impact on a country’s growth since it contributes to high levels of employment, consumption, and investment. The goal of this study is threefold: first, use the demand and supply framework to explore the impact of the factors that drive those interactions and forecast future results for the S-class. Second, apply SWOT, PESTLE, and Porter’s model analysis to analyze the product line during the period from 2010 to 2020. Third, assess Mercedes-environment Benz to meet the company’s present and future objectives. Results show no violations of demand and supply laws for the S-class product in the United States, and it is a price-sensitive product, according to the findings. Fluctuations in the elasticities of demand and supply were observed due to the changes in the consumers’ willingness to buy the S-class and the changes in the market conditions which affected the supply over the decade of study. Results show Mercedes’ market opportunities is in a risky situation as the delay in the supply chain reflects negatively and give opportunities to other substitutes in the different market across the globe.
Roman Blazek, Jakub Michulek
Economics & Law, Volume 4, pp 28-38;

The aim of the paper is to clarify the use of the Beneish model to reveal creative accounting in companies. To bring its use closer to the general public and also to provide disinterested scientists with results and evaluations that are informative both for the scientific community and for people who are just beginning to take an interest in the topic. The aim of the research is to reveal the use of creative accounting, using apparatus for its detection, in the construction industry. A healthy business environment is very important for the state, as potential investors make decisions according to different rules, and it is only one of them that is ranked high in the evaluation of the state and its. Negative assumptions or hidden facts that may later become real shed a negative light on the landscape. We anticipate that the growing deterioration in economic stability will also affect the use of creative accounting in companies that, in an effort to maintain their economic position, also resort to instruments that violate the Accounting Code. The overall study was conducted on 117 companies, which were selected on the basis of various criteria. Based on the application of a tool for detecting creative accounting, specifically the Beneish model, we found that more than half of the companies surveyed decided to apply creative accounting in their accounting, which led e.g. to tax optimization.
Gergana Angelova, Veselin Stoimenov
Economics & Law, Volume 4, pp 39-54;

Hotel brand effectiveness determines the level of guest satisfaction, their desire for a repeat visit (guest loyalty) and their positive word-of-mouth. It depends on the quality of hotel superstructure and services paired with the proper use of brand destination resources. For a proper evaluation of hotel brand effectiveness it is necessary that guest perception and behaviour be considered as brands exist in guests’ minds. Successful brands ensure pleasure, even delight and create the emotional connection “brand-guest”. Brands are difficult to evaluate because they are considered to be something intangible and the choice of a brand is rather emotional than rational. This paper has the objective to analyze and evaluate the hotel brand effectiveness through a proper set of factors, i.e. criteria and indicators. The research employs a qualitative method of analysis and evaluation which entails encoding of guests’ reviews uploaded in the TripAdvisor platform including the period of Covid-19. Research results have proved a higher level of brand effectiveness according to three basic criteria – guest perception, guest behaviour and brand destination.
Jakub Michulek, Roman Blazek
Economics & Law, Volume 4, pp 68-83;

Communication is one of the reasons for the success of companies. The ability to understand each other during work leads to the creation of favorable working conditions and a working environment. At the same time, it helps to establish good relations between employees. However, communication barriers are emerging in every organization. These barriers prevent effective communication. The main goal of this study is to determine whether the occurrence of communication barriers in the company affects the work performance of employees. To achieve the goal, we will use data obtained from a questionnaire survey. These data were collected from a sample of respondents from the Slovak Republic. The data were processed using MS Excel and IBM SPSS Statistic 25. In our article, we proved that the occurrence of communication barriers in the company does not affect the work commitment of employees.
Stefcho Bankov
Published: 30 December 2021
Economics & Law, Volume 3, pp 1-8;

The article raises issues related to the lack of effective mechanisms for protection of the rights of victims of crime under the Bulgarian Penal Code. The author discusses the shortcomings in the criminal proceedings and how the application of the norms for protection of the accused’s consignment in the commission of the crime, in fact, limits the right to defense of the victim. An overview of the existing regulation of the problem in the European legal system has been made. Finally, the author examines the contradictory case law and how it in itself restricts the victim’s right to a fair trial.
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