In this paper the authors design the neural network consumer credit scoring models for financial institutions where data usually used in previous research are not available. The authors use extensive primarily accounting data set on transactions and account balances of clients available in each financial institution. The authors used a genetic algorithm for variable selection and developed efficient consumer credit scoring models with error back-propagation artificial neural.
The paper refers to the conceptualizations of strategic flexibility, real options, and human resource (HR) options to build a model for valuing future-oriented and organizational flexibility-enhancing aspects of training. The authors apply the Black-Scholes option valuation model and elucidate the model by a case study from the mobile telecommunications industry. In rapidly growing markets based on emerging technology, the generation of HR options based on training should be encouraged.
An open question in the control literature concerns the role of interpersonal trust in the design and functioning of formal control systems for collaborative settings. The authors find that subordinate’s trust in the superior depends on the formality of the performance evaluation procedure and that this relationship is mediated by managerial perceptions of justice and feedback. The authors also find that formality matters more for trust formation if outputs are less contractible.
Conflict among member states regarding the distribution of net financial burdens has been allowed to contaminate the entire design of the EU budget with very negative consequences in terms of equity, efficiency and transparency. To get around this problem and pave the way for a substantive budget reform, the article proposes to decouple distributional negotiations from the rest of the budget process by linking member state net balances in a rigid manner to relative prosperity, combined with a complementary system of compensating horizontal transfers.
In this paper competitive strategies in the Slovenian banking sector are investigated. As opposed to other transition economies in CEE, banks in Slovenia have been characterised by the prevalent domestic ownership and significant involvement of the government. As a result one would expect to observe significant differences in individual banks’ strategies. Contrary to our expectations, the majority of banks in the Slovenian banking market pursue the same competitive strategy. They operate as universal banks focused almost exclusively on expanding their market share in the domestic market.