Management: Journal for Theory and Practice Management 

About: Management: Journal for Theory and Practice Management is an academic journal published by University of Belgrade, Faculty of Organisational Sciences. The journal publishes majorly in the area(s): Public sector & Government. It has an ISSN identifier of 1820-0222. It is also open access. Over the lifetime, 175 publications have been published receiving 847 citations.

The MCDM Model for Personnel Selection Based on SWARA and ARAS Methods

Abstract: Competent employees are the key resource in an organization for achieving success and, therefore, competitiveness on the market. The aim of the recruitment and selection process is to acquire personnel with certain competencies required for a particular position, i.e.,a position within the company. Bearing in mind the fact that in the process of decision making decision-makers have underused the methods of making decisions, this paper aims to establish an MCDM model for the evaluation and selection of candidates in the process of the recruitment and selection of personnel based on the SWARA and the ARAS methods. Apart from providing an MCDM model, the paper will additionally provide a set of evaluation criteria for the position of a sales manager (the middle management) in the telecommunication industry which will also be used in the numerical example. On the basis of a numerical example, in the process of employment, theproposed MCDMmodel can be successfully usedin selecting candidates.

Operational Risk Management in Financial Institutions

Abstract: Constant exposure of financial institutions to different sorts of risk, and the complexity of the methods for their identification, assessment, monitoring, control and measuring, i.e., the process of integrated risk management has reached the highest level of business-expert thinking and decision making. The financial industry has, above all, developed the standard methods for managing and measuring market and credit risks, but the operational risk as well. However, it turned out to be a very important cause of financial losses (Di Renzo et al, 2007). Since the majority of financial bankruptcies stem from joint effects of market, credit and operational risks, risk management should be an integral part of corporate decision making through business activities and types of risks. Financial institutions are being exposed to the intensified global sources of risk, due to the expansion of their own business activities, interaction between different risk factors and the connection between products and services with different types of market, financial and operational risks (Wu & Olson, 2010). Among other risk types that come with the activities of the financial sector, the economy and other types of organising business, operational risk holds a special position. Its very nature to be expressed in the fluid form and its presence in all segments of business activities tell enough of its importance and the need to manage it efficiently. Throughout the history, operational risks were managed by internal control mechanisms within business units, supported by audit. Nowadays, the financial industry has begun to use special structures and control processes specially designed for operational risk. Accordingly, Basel Committee on Bank Supervision established the obligation that the coefficient (quotient) of regulatory capital should keep the level of at least 8% of its risk-weighted assets, i.e., 12% of the total capital requirement (Basel, 2003). Management Journal for Theory and Practice Management 2013/66

Controversies about the Accounting Treatment of Transfer Fee in the Football Industry

Abstract: Investments in sportsmen traditionally were considered as costs, together with transfer fees. From the second half of the twentieth century transfer fees are considered as assets. However, in the late twentieth and early twenty-first centuries the opinion prevailed that requirements for capitalization are met, and that capitalization and disclosure as intangibles are an obligatory procedure in almost all countries with a developed accounting tradition. There is the question of justification of the above procedure, having in mind that the contribution of the contracted fee for transfers cannot be determined related to the financial benefit of clubs, that players are often alienated before the end of the contract, and that the requirements for the control cannot be fully met.