Articles

• Kamen Kamenov — The D.A. Tsenov Academy of Economics

  ON THE PHILOSOPHY OF CO-ACTIVITY AND BEHAVIOUR WITHIN SOCIAL STRUCTURES

  Abstract ▾ PDF

  The article presents the structure of the system of co-activity and the specific co-actors involved in the overall result achieved by an organization. Overall responsibility and co-active environment are also reviewed. The basic conclusion drawn is that our present success or failure is largely determined in our past. Our behaviour at present, therefore, underlies our future past.

• Galya Taseva — Economic Research Institute аt BAS

  FACTORS FOR TRADE DEBTS OF FIRMS AND POSSIBILITIES OF REDUCTION OF INTERFIRM INDEBTEDNESS

  Abstract ▾ PDF

  The article highlights the basic theoretical principles for firm financing with trade credit and the results of empirical research by the method of multiple regression analysis of factors, influencing the level of trade indebtedness of Bulgarian non-financial enterprises. Models are constructed that have been tested for two consecutive years, separately for SME and for big enterprises that allow incorporation in the analysis of the distinctions between them, including the access to institutional financing, the quality of management etc. Some of the main conclusions of the investigation are that trade credit is a substitute for institutional financing and that firms take trade credits from other firms to finance their own trade receivables and to hedge the risk. Together with the risky management of the financial structure of SME this is a prerequisite for generation of chains of arrears. Possibilities for reduction of the interfirm indebtedness and regulation of its size in the future are also formulated.

• Dyanko Minchev — University of Ruse "A. Kanchev"

  On another Approach in the General Economic Theory

  Abstract ▾ PDF

  The article studies an alternative model of thinking, relevant to the main trend of the general economic theory. It is elaborated in details in economics. The author defends his thesis, that another approach is required, the so-called "Organic Entity Approach", consisting of: 1) a philosophic standpoint, based on the triunity of nature, man and society, considered as totals with a systematic – dialectical approach to the triunity; 2) pluralism in the methodology.

• Krum Alexandrov — University of National and World Economy

  110 Years of Marketing

  Abstract ▾ PDF

  The study discusses issues related to the emergence and development of marketing, the stages, approaches and paradigms used for marketing activities in the U.S. and Europe. Particular attention is paid to some new marketing theories, developed in European countries as alternatives to marketing-management.