MEST Journal
Editor
Zoran Čekerevac











If you want to review or comment some of the listed articles, please, first copy the article title and click here.

In the next issues of the MEST Journal, among others, we will publish:
(To see the abstract of an item click the title of the item)

  1. Ivan Luchian and Victoria Iordachi
    BANK INNOVATIONS: THEORETICAL ASPECTS AND IMPLEMENTATION IN THE REPUBLIC OF MOLDOVA

    To read the article before publishing click here

  2. Zoran Todorovic
    APPLICATION OF THE ETHICS CODE AND RULES OF PROFESSIONAL CONDUCT OF ACCOUNTS AND AUDITORS

    To read the article before publishing click here

  3. Eliska Zupova
    MAYOR IN THE LOCAL SELF-GOVERNMENT IN SLOVAKIA AND ELECTORAL TRENDS AND CHARACTERISTICS

    To read the article before publishing click here

  4. Zeljko Burcar
    PRINCIPALS’ EVALUATION TASKS, TEACHERS’ PERCEPTION, AND DIFFERENCES

    To read the article before publishing click here




BANK INNOVATIONS: THEORETICAL ASPECTS AND IMPLEMENTATION IN THE REPUBLIC OF MOLDOVA

Ivan Luchian
Victoria Iordachi

Abstract
The efficiency of the bank's activity, its competitiveness on market largely depends on implementation of new products, technologies and banking processes. This article relates theoretical key issues in defining bank innovations, as well as describes the process of developing innovative products by commercial banks. The final part of the study describes the main barriers that slow down the successful implementation of financial innovations in the bank sector of the Republic of Moldova. Moreover, there are given some solutions to redress the situation for the efficient implementation of innovations in the domestic financial market. Poor performances in the development of innovations on the Moldovan bank market arise from insufficient knowledge of banks as issuers, investors as buyers of risk and intermediary companies, as well as lack of regulation of the innovation process in bank sector which would clearly explain and regulate the issuance and trading mechanism of some new innovative bank products. The financial market in Moldova also needs a favorable legal, fiscal and accounting system. For the realization of the scientific article, a series of specific methods of research of economical problems, such as logical (analysis and synthesis), systemic, comparative and classification methods, were used as a methodological basis.

Keywords: banks, derivatives, economic growth, financial markets, new product development, risk and risk exposure

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APPLICATION OF THE ETHICS CODE AND RULES OF PROFESSIONAL CONDUCT OF ACCOUNTS AND AUDITORS

Zoran Todorovic

Abstract:
The basic task of the Accountants and Auditors is to collect, arrange and present the information to the interested parties in form of accounting or audit reports. Reliable and transparent financial reporting, which results in true and fair presentation of the financial performance of companies, is an important determinant of the financial system reliability and stability. The high level of confidence in the quality of information shown in financial statements increases the security of investors, encourages new investments, accelerates the financial and trade flows and increases the efficiency of capital markets and the economy as a whole. Huge financial frauds and financial crisis led to high distrust in the accounting profession. Returning lost credibility is possible only if professional accountants and other participants in the process of financial reporting provide services to the highest ethical requirements. The efforts of the accounting profession are undeniable to respond to the changed requirements of the users of the financial statements, to create a normative basis, the application of which will provide quality financial reporting.

Keywords: quality of financial reporting, accounting, ethics, public interest, confidence, responsibility

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MAYOR IN THE LOCAL SELF-GOVERNMENT IN SLOVAKIA AND ELECTORAL TRENDS AND CHARACTERISTICS

Eliska Zupova

Abstract
The aim of contribution is to present the partial nationwide research results aimed at detecting the electoral trend and electoral characteristics of the status of the local self-government in Slovakia. The research results were processed by using the primary data analysis and with using descriptive statistical methods. The sample consisted of a core set of objects. There had been addressed all mayors of 2,753 municipalities in the Slovak Republic. Research sample were mayors of the Slovak Republic. The results of the research brought a real reflection of the self-governing society in the municipalities of Slovakia, its electoral trend, and electoral characteristics. The distribution of the sample by gender is in favor of men (67.6%), the highest number of respondents has a university education (51.5%). The contribution brings recommendations for the next parliamentary term. Elections to municipalities will be held in November 2018. Compared to the previous parliamentary term, the educational level of the mayors of municipalities has increased, but the problems of municipalities in Slovakia persist. The apparent increase in education is not a determinant of the success of the mayor of the municipality in the performance of the function, it is necessary to address the compliance of the education and the requirements for the performance of the function.

Keywords: elections, public sector, local search

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PRINCIPALS’ EVALUATION TASKS, TEACHERS’ PERCEPTION, AND DIFFERENCES

Zeljko Burcar

Abstract:
The aim of this research is to examine the teachers’ attitudes towards the principals’ evaluation tasks. The secondary aim is to examine the relations between the number of shifts, a number of students, teachers’ level of education, teachers’ daily and weekly workload, and teachers’ perception of the evaluation tasks that principals perform. The sample consists of school teachers from the Republic of Croatia (N=87), covering ISCED 2 and 3 educational levels. The sample is intentional and occasional and represents experienced teachers and expert associates suitable for this type of research. The scale constructed for this research has been extracted from the scale for the assessment of the principals’ role designed by Burcar (2010). The findings from our research lead us to the conclusion that gender differences in the perception of the principals’ evaluation tasks exist only on the control subscale. Our research confirms the teachers’ perception of the principals’ evaluation tasks: insight, analysis, control, and grading. Teachers have attitudes about them because they are visible, which means that principals actually perform them. Principals are evaluators. In the prognosis of the principals’ evaluation and grading tasks, the daily and weekly workload has a statistically significant predictive value.

Keywords: Education, analyses, control, grading, school management, leadership, principal’s role

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MESTE NGO and MEST Journal strongly support teamwork and encourage international scientific cooperation.

That is why we are especially willing to publish works of groups of authors from two or more different countries.












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