Foreword

Absztrakt

The first 2026 issue of the 72-year-old Financial Review (Pénzügyi Szemle) once again offers a wide range of exciting and topical subjects for its readers. We explore knowledge-driven competitiveness, the root causes and varying perceptions of corruption, the complexities of globalization and inflation, the Algerian tax system, and the impact of ESG reporting on financial markets.
Intellectual or human capital (the knowledge, competence, expertise, skills, experience, ideas, loyalty, faithfulness, motivation, cooperation of the workforce), organizational capital (business processes, supply chains, product distribution and IT systems, institutional structures, big data, networks, geographical location, synergies), relationship capital (with customers, suppliers, government, long-term contracts, customer lists, reputation, image, corporate culture, website, branding, theories), and innovation capital (market launch of a new or significantly modified product or service, new process, marketing procedures) play an increasingly important role in the performance of business enterprises.