fueconorg: A Pathfinder

This is a computer-generated pathfinder created against the Distant Reader study called fueconorg.

Each Distant Reader study carrel is composed of many individual items. Each item is bibliographically described with author, title, date, summary, and keyword values. Below is a list of the items' most signficant keywords as well as lists of the items themselves. Purpusing the content of this pathfinder provides the student, researcher, or scholar with one way to get their heads around the scope of the carrel. The keywords include:

Development; Countries; Management; Serbia; Companies; Market; Model; Value; Company; Impact; Level; Performance; Analysis; Data; Economic; Sector; System; Republic; Employees; Information; Indicators; Capital; Crisis; Time; European; Quality; Accounting; Activities; Relationship; Tourism; Reporting; Policy; Organization; Risk; Services; Assets; Theory; Run; Age; Problem

Depending on how this pathfinder was created, many of the bibliographic sections will include elaborations on the meaning(s) of the given keywords. These elaborations were generated by feeding the items' summaries to a large langauge model and asking the model to address the question, "What is X?", where "X" is the keyword. The result will be a few sentences of elaboration. Be forewarned. The elaborations are often plausible, but they should not be take as truth. Instead, they should be taken as points for consideration.

• FINANCIAL SECTOR DEVELOPMENT AND REAL SECTOR GROWTH – ASSOCIATION, SPILLOVER AND CAUSALITY DURING PRE COVID AND COVID REGIMES by Chaudhuri, Tamal Datta; Ghosh, Indranil (2022) - There is considerable literature on the relationship between financial sector growth and real sector growth. In this context, different variables have been identified for understanding the relationship between financial sector growth and real sector growth. Keywords: analysis; association; bank; capital; causality; correlation; covid; development; economic; financial; growth; pre; sector; sector development; sector growth; set; spillover; time
• ANALYSIS OF THE IMPACT OF REPORTING ON ENVIRONMENTAL PERFORMANCE INDICATORS ON THE PROFITABILITY OF EUROPEAN COMPANIES by Savić, Aleksandar; Bonić, Ljiljana (2022) - Multiple linear regression has been used to examine the impact of reporting on sustainable development environmental performance indicators on profitability indicators (rate of return on total assets - ROA). [The influence of corporate social responsibility on companies performance]. Keywords: analysis; business; companies; company; development; energy; environment; financial; impact; journal; management; performance; performance indicators; profitability; reporting; research; results; roa; value
• FACTORS THAT AFFECT EMPLOYMENT DECISION OF FUTURE HEALTHCARE PROFESSIONALS IN SERBIA by Lazarević, Snežana Lj.; Lukić Nikolić, Jelena M. (2023) - Having in mind previously mentioned facts regarding healthcare professionals, the key research questions (RQ) are: RQ1: Which factors affect decision-making process of future healthcare professionals regarding employment? Consequently, it is necessary to pay special attention to the development of the healthcare system, as well as the attraction and retention of healthcare professionals. Keywords: career; development; factors; future; healthcare; healthcare professionals; healthcare workers; key; opportunities; research; respondents; results; serbia; social; workers; working
• THE IMPORTANCE OF KNOWLEDGE BREADTH IN THE DIGITALIZATION PROCESS OF SOCIAL ENTREPRENEURSHIP by Đalić, Irena; Erceg, Živko; Đalić, Nataša (2023) - We believe that managers of social entrepreneurship entities have the best data on the breadth of knowledge in their organizations, as well as on the development of social entrepreneurship. In today's turbulent environment, the question of survival is posed to all economic entities, including those who operate as entities of social entrepreneurship. Keywords: answers; author; breadth; business; creativity; development; digital; digitalization; distribution; employees; entrepreneurship; figure; knowledge; knowledge breadth; process; question; research; respondents; skills; social; use; workers
• DIGITAL TECHNOLOGIES IN LOGISTICS AND SUPPLY CHAIN MANAGEMENT by Rodchenko, Volodymyr; Prus, Yuliia (2023) - 2 Total production of goods and services in the EU countries by types of economic activity, EUR million Source: Own study The second group includes economic activities that provide supply chain logistics: Digital Technologies in Logistics and Supply Chain Management 201 ▪ Wholesale trade, except trade in motor vehicles and motorcycles. The challenges of autonomous delivery (driverless cars) will become apparent. ▪ Logistics security and cybersecurity systems will be top priorities in the field of logistics technology. Keywords: business; chain; cloud; development; information; logistics; management; processes; reality; services; supply; supply chain; systems; technologies; use; warehouse
• ENTREPRENEURIAL ECOSYSTEM OF AGRICULTURAL SOCIAL FRANCHISING by Stefanović, Suzana; Stanković, Milica (2023) - Intensive dispersion and increase in the number of social agricultural franchises, especially in regions where there was a problem of insufficient amount of agricultural and food products, should contribute to ensuring regularity in food supply, with greater security of the products they buy. Some examples of successful agricultural social franchises in the mentioned countries, and comparison of their characteristics are summarized in Table 1. 210 S. STEFANOVIĆ, M. STANKOVIĆ Table 1 Comparative analysis of agricultural social franchises Franchise/ Country Franchisor and franchisees Business area/ Keywords: agriculture; areas; business; development; ecosystem; entrepreneurship; et al; farmers; franchisees; franchising; mckague; model; products; serbia; social; support
• DETERMINANTS OF ENTREPRENEURS IN LOGISTIC INDUSTRY: GEM STUDY ANALYSIS by Matić, Milenko; Leković, Bojan; Bobera, Dušan (2023) - The database should enable determining the determinants of logistics entrepreneurs in Europe, who are in the early stages of developing their ventures (TEA). The findings show that logistics entrepreneurs are not motivated by the need 276 M. MATIĆ, B. LEKOVIĆ, D. BOBERA to create change in the world. Keywords: analysis; business; determinants; development; entrepreneurs; factors; field; gem; growth; logistics; logistics sector; motivation; probability; sector; ventures; work
• CONFLICTS IN THE ORGANIZATION: HOW CAN MEDIATION AFFECT THE DEVELOPMENT OF THE ORGANIZATION? by Kvitka, Yuliia; Andreieva, Kateryna; Kvitka, Anton; Prus, Yuliia (2023) - The key areas of work on conflict resolution and prevention were identified according to employees. Mediation strategies and methods implemented during conflict resolution provide efficiency, confidentiality, greater flexibility, saving time and financial resources, preserving autonomy, and restoring relations between the parties (if possible). Keywords: conflicts; development; healthcare; institutions; kvitka; mediation; organization; participants; parties; research; resolution; respondents
• DEVELOPMENT OF CORPORATE LEADERSHIP COMPETENCIES IN THE CONTEXT OF MODERN LEARNING by Zakrizevska-Belogrudova, Maija; Krumins, Eduards (2023) - Awareness of the need for development When rating the six statements about the need for competency development on a scale of 1 to 6, with the Likert scale ending in 1 = strongly disagree; 6 = strongly agree, managers on average rated all statements above 5, indicating that awareness of the need for development is high among respondents. 5. CONCLUSIONS Managers rate their level of competency development as high and fairly consistent but see opportunities for growth and development in all competencies. Keywords: competencies; content; development; experience; expert; involvement; learning; level; managers; medium; methods; need; opportunities; process; respondents; use
• THE ROLE OF ARTIFICIAL INTELLIGENCE IN THE DEVELOPMENT OF THE COMPANY'S BUSINESS PROCESSES by Kvitka, Anton; Sosnin, Dmytro; Kvitka, Yuliia; Andreieva, Kateryna (2024) - The focus of research in recent years has been on business process monitoring methods to allow providing information about business processes to the enterprise. The current stage of AI development in business is initial; it is associated with risks and uncertainty of the results of using such a tool. Keywords: business; business processes; companies; company; data; development; intelligence; kvitka; learning; management; processes; research; use
• DOES TRANSPORT INFRASTRUCTURE SPUR ECONOMIC GROWTH IN SOUTH AFRICA? AN EMPIRICAL INVESTIGATION by Nyasha, Sheilla; Odhiambo, Nicholas M (2024) - In a quest to establish the significant drivers of economic growth in South Africa, on the one hand, and the lack of attention on transport infrastructure as a potential driver in recent times, on the other hand, this study aims to explore the dynamic impact of transport infrastructure development on economic growth in South Africa over the period 1992-2021. Key words: Transport infrastructure, public transport expenditure, economic growth, South Africa JEL Classification: O40, L90 Received April 05, 2024 / Revised July 16, 2024 / Accepted July 23, 2024 Corresponding author: Sheilla Nyasha University of South Africa, Department of Economics, UNISA, P.O Box 392, Preller Street Muckleneuk, Pretoria, 0002, South Africa | E-mail: sheillanyasha@gmail.com https://orcid.org/0000-0003-2930-094X https://orcid.org/0000-0003-4988-0259 mailto:sheillanyasha@gmail.com 74 S. NYASHA, N. M. ODHIAMBO 1. INTRODUCTION Keywords: africa; development; economic; growth; impact; infrastructure; infrastructure development; model; nyasha; results; run; south; south africa; study; transport; transport infrastructure
• DIGITALIZATION OF AGRICULTURE PUBLIC SERVICES IN SERBIA by Tomić, Zoran; Stanković, Jovica; Stanković, Jelena Z. (2024) - Evolution of e-government portals is usually an iterative process from immature to mature e-government using sequential steps, with added and improved features and functionalities. Further development of agriculture e-government services will be determined by the dynamics of agricultural development and sociodemographic trends in rural regions in the Republic of Serbia. Keywords: agriculture; citizens; data; development; government; information; maturity; models; portal; serbia; services; stage; web
• STUDENTS’ UNDERSTANDING OF WORKPLACE DIVERSITY: THE CASE OF REPUBLIC OF NORTH MACEDONIA by Bozhinovska, Tihona; Etimov, Ljupcho (2024) - Furthermore, in the Gallups’ 2022 Report on DEI activities it is indicated that most of the activities of diversity management are incorporated in human resource management since the adoption of the values that promote diversity is crucial for the overall HRM effectiveness and enable the improvement of employee engagement, which brings progress (Gallup, 2022). Therefore, we can conclude that the concept of diversity management that was widely researched in the past few decades has evolved into a concept that can be called diversity orientated human resource management. Keywords: development; diversity; diversity management; human; management; model; outcomes; research; resource; results; review; students; theory; understanding; workplace; workplace diversity
• CREATIVE TOURISM: AN ENGINE OF INNOVATION AND ECONOMIC GROWTH IN TODAY'S WORLD by Gáll, Jozef (2024) - At the end of the first survey, we found out what the greatest benefits and shortcomings are perceived by tourism institutions in connection with the development of creative tourism. The benefit that results from the implementation of creative tourism and the online presentation of tourism institutions on the Internet is primarily their ability to reach more potential visitors, which consequently represents a higher income for these institutions. Keywords: creativity; development; industry; innovations; institutions; new; respondents; services; slovakia; tourism; tourism institutions; use; visitors
• MANDATORY SUSTAINABILITY REPORTING – EVOLUTION OF REGULATION IN THE EUROPEAN UNION by Stojanović-Blab, Maja; Blab, Daniel (2024) - The following chapters trace the path of initiatives and regulatory requirements in the European Union (EU) regarding corporate sustainability reporting and begin by looking at different reporting concepts. Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU, as regards corporate sustainability reporting. Keywords: accounting; blab; business; commission; communities; companies; council; development; directive; environmental; european; gri; information; management; regulation; reporting; standards; sustainability; sustainability reporting
• PERSPECTIVES FOR THE DEVELOPMENT OF KNOWLEDGE ECONOMY, INNOVATIVENESS, AND COMPETITIVENESS OF CEFTA COUNTRIES by Despotovic, Danijela; Cvetanović, Dušan; Nedic, Vladimir (2016) - Comparative overview of the values of the parameters Knowledge Economy Index (KEI), Global Innovation Index (GII), and Global Competetiveness Index (GCI), in order to detect differences in the values of these parameters in respect of CEFTA countries and the group of selected EU countries;  Data given in Table 1 confirm the significant lag of CEFTA countries by all indicators in relation to the group of selected EU countries. Keywords: cefta; competitiveness; correlation; countries; development; economy; eu countries; innovativeness; knowledge; knowledge economy
• THE IMPACT OF INTERNATIONAL MIGRATION ON ECONOMIC GROWTH IN AUSTRALIA by Musakwa, Mercy T.; Odhiambo, Nicholas M. (2025) - Impact of immigration on economic growth in Australia The link between migration and growth can be traced from economic growth theories, where labour is one of the factors of production; hence, increasing labour is expected to lead to an increase in general output. The study aims to determine whether migration has a positive or negative impact on economic growth in Australia, as the country continues to open its economy to immigrants. Keywords: australia; countries; country; development; government; growth; immigrants; impact; migration; results; run; study; variables
• ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT: A COMPARATIVE ANALYSIS OF DEVELOPED AND DEVELOPING COUNTRIES by Lepojevic, Vinko; Ivanovic Djukic, Maja; Mladenovic, Jelena (2016) - This paper examines the impact of different types of entrepreneurship (OEA, NEA; HEA) on economic growth through the comparative analysis of developed and developing countries. Key words: economic growth, entrepreneurship, developed countries, developing countries. Keywords: activity; analysis; audretsch; business; capital; contribution; countries; development; entrepreneurship; growth; impact; regression; variables; volume
• SOCIO-ECONOMIC DRIVERS OF SUSTAINABLE INSURANCE IN THE EUROPEAN UNION: EVIDENCE FROM ADVANCED ECONOMETRIC MODEL by Cristea, Mirela; Noja, Gratiela Georgiana; Grigorie, Elena Iulia (2025) - These findings suggest that the economic development of the EU economies positively correlates with insurance sector development, aligning with Haiss & Sümegi's (2008) findings of the development of the revenue-based insurance sector. Life insurance development and economic growth: Evidence from developing countries. Keywords: analysis; development; economic; indicators; insurance; insurance penetration; insurance sector; life; models; penetration; regression; research; socio
• STAKEHOLDER COOPERATION IN MONTENEGRIN TOURISM DESTINATIONS – CURRENT STATE AND CONSTRAINTS by Pjerotić, Ljiljana; Rađenović, Miško; Tripković Marković, Ana (2016) - Therefore, one of the tasks for the leader organization for tourism destination management is recognizing interests of all stakeholders involved in tourism destination development, and creating a policy that would allow all stakeholders to recognize frameworks for implementing their individual goals. The Kruskal-Wallis test was used to study the statistical significance of the differences in cooperation between tourism destination stakeholders by regions. Keywords: cooperation; destination; destination management; development; management; planning; process; research; stakeholder cooperation; stakeholders; tourism; tourism destination; tourism development
• INFRASTRUCTURE AS A COMPETITIVENESS FACTOR IN THE WESTERN BALKAN COUNTRIES by Despotovic, Danijela Z; Filipović, Milorad; Ilić, Vojislav (2016) - For better understanding of infrastructure impact on competitiveness level of the national economy, further research should explore the relationship between infrastructure investment costs and economic growth rate measured (for instance) by GDP per capita (for instance). After all, in addition to human capital, physical capital and knowledge, the Porter list of competitiveness factors contained national infrastructure as well (Porter, 1998, 74-81). Keywords: competitiveness; countries; country; development; economic; gci; indicators; infrastructure; market; serbia; wef
• FACTORS INFLUENCING E-COMMERCE DEVELOPMENT IN SERBIA by Kalinić, Zoran; Ranković, Vladimir; Kalinić, Ljubina (2016) - In this paper, an overview of current state of e-commerce development in Serbia is presented. Key words: electronic commerce, e-commerce development, B2C, influencing factors, e-payment INTRODUCTION Rapid growth of information-communication technologies (ICT) in the last few decades and broad penetration of the Internet opened possibilities for new forms of business. Keywords: commerce; commerce development; countries; development; factors; internet; kalinić; national; online; payment; penetration; serbia; services
• MEASURES OF AGRICULTURAL POLICY IN THE REPUBLIC OF SERBIA WITH EMPHASIS ON THE SITUATION IN NISAVA DISTRICT by Simonović, Zoran; Mihailović, Branko; Subić, Jonel (2016) - In order to encourage greater use of biological growth factors of agricultural production, fuller utilization of specific regional agro ecological resources and reducing total input costs in agricultural production vertical, it is necessary to provide grants for production inputs, namely:  They introduce us to support measures which are an important factor for maintaining agricultural production. Keywords: agricultural; budget; development; farms; measures; milk; period; policy; production; republic; serbia; subsidies; support; total
• THE EFFECT OF MEDIA REPRESENTATION ON THE DEVELOPMENT OF BANCASSURANCE IN THE REPUBLIC OF SERBIA by Vojvodić-Miljković, Nevenka (2017) - The beginnings of the modern development of the concept of bank insurance are linked to the legislative changes in France in 1984, which allowed banks access to the insurance market with permission to sell certain types of insurance through their sales networks. The National Bank of Serbia does not disclose information on its official website relating to the amount of insurance premiums earned by bank insurance, as well as the income generated by the banking sector achieved on that basis, but they are received at the request of the author for the purposes of the research. Keywords: bancassurance; banks; development; insurance; life; media; premium; representation; republic; respondents; sales; serbia; table; total
• ECONOMIC CRISIS AND CURRENT PROBLEMS OF SERBIAN FAMILY by Mitrović, Predrag; Bošković, Gorica (2017) - 57 - 69 DOI: 10.22190/FUEO1701057M Review paper ECONOMIC CRISIS AND CURRENT PROBLEMS OF SERBIAN FAMILY1 UDC 338.124.4(497.11) Predrag Mitrović 1 , Gorica Bošković 2 1 UniCredit bank, Serbia JSC, Serbia 2 Faculty of Economics, University of Niš, Serbia Abstract. At the moment In Serbia the crisis is visible in almost every sector of society. Keywords: children; countries; country; crisis; development; economy; family; number; people; population; problems; rate; republic; serbia; society; state; world
• RELEVANCE THE REGULATION OF INNOVATION WITH THE CHALLENGES OF INFORMATION TECHNOLOGY AND COMPETITION by Radenković Jocić, Dragana (2018) - They have to pay attention to the nature of innovation, as well as sectors of innovations development. The regulation is one of the most important elements for innovation development. Keywords: business; companies; competition; competitiveness; development; european; innovation; law; market; property; regulation; research; rights; technology; union
• DEVELOPMENT OF SUSTAINABILITY INDICATORS: APPROACHES, CHALLENGES AND OPPORTUNITIES by Denčić-Mihajlov, Ksenija; Zeranski, Stefan (2018) - If properly selected, sustainability performance indicators can support the identification of the possibilities for activities‘ optimization, point out to the inefficiencies that could be resolved by preventive actions, develop the process of exchanging information (Staniškis & Arbaĉiauskas, 2009), create more incentives for management to refocus its goals, strategic decisions, and actions from a short-term to a long-term prospect (Rezaee & Rezaee, 2014), help to identify risks, as well as the potential for improving efficiency and finding new markets and can have a significant impact on the overall performance, as well as investors‘ perceptions and access to capital (EY & GRI, 2014). In order to develop an operational Development of Sustainability Indicators: Approaches, Challenges and Opportunities 297 system to bring value to the enterprise, according to Toth & Arbaĉiauskas (2005), sustainability performance indicators should be (a) meaningful, (b) comparable, (c) integral, (d) clear, (e) continuous, and (f) efficient. Keywords: business; companies; development; global; gri; guidelines; impact; indicators; issues; management; performance; performance indicators; reporting; stakeholders; standards; sustainability; sustainability indicators; sustainability performance; sustainability reporting; total
• COVERED BONDS: NEW OPPORTUNITY FOR RECOVERY OF SERBIAN CAPITAL MARKET by Mirković, Vladimir; Lukić, Jelena (2018) - Rapid growth of covered bonds market within the European Union 366 V. MIRKOVIĆ, J. LUKIĆ (hereinafter: EU) was confirmed through development over recent years - average growth rate of 7.5% since 2007. The development of the covered bonds market within the EU is owed to the EU Directives to a great extent and the main directives that arrange covered bonds market are:  Keywords: banks; bonds; capital; countries; credit; debt; development; eur; government; investors; july; market; rating; securities; serbia; series
• MODEL OF OPEN INNOVATIONS AND SMALL AND MEDIUM-SIZED ENTERPRISES DEVELOPMENT by Jovović, David (2018) - The possibilities for enterprise to get significant ideas, knowledge and technologies externally is conditioned by the capability and availability of external suppliers, i.e. development and quality of external basis of innovation knowledge. It basically represents the influence of innovation development in one economic activity on the development of other activities. Keywords: activities; business; cooperation; development; enterprises; ideas; innovation; knowledge; market; model; new; process; smes
• LIBERALIZATION OF FINANCIAL MARKETS: AN OPPORTUNITY OR RISK FOR DEVELOPING COUNTRIES by Radević, Borislav; Lekpek, Ahmedin (2014) - Second, financial liberalization is associated with the opening of financial markets. The process of financial liberalization has created enormous opportunities for profit for banks and other financial institutions, but it has also led to an increased risk to their business and numerous banking and financial crises around the world. Keywords: banking; banks; countries; development; institutions; investment; liberalization; loans; markets; process; system
• ROLE OF MARKETING EVENTS IN THE DEVELOPMENT OF TOURIST DESTINATIONS by Šušić, Vukašin; Mojić, Jovica (2014) - Key Words: marketing events, tourist destinations, economic role, promotion. To begin the research, parallel with the review of the literature, it is useful to define the role of event marketing, marketing mix instruments to identify the events, determine the basic marketing objectives, design and develop the product concept of event, choose a strategy of promoting tourist destinations, with the aim to establish a marketing mix and execute promotion events in the integrated marketing communications, and present the results of research marketing events in Serbia. Keywords: advertising; destination; development; events; marketing; marketing events; mix; product; promotion; role; serbia; tourism; visitors
• TENDENCIES IN DEVELOPMENT OF EXTERNAL AND INTERNAL AUDIT IN THE PUBLIC SECTOR by Bonić, Ljiljana; Jakšić, Dejan; Mijić, Kristina (2018) - Internal audit in the public sector in the Balkan countries is mandatory for direct and indirect users of public funds, and it is established mostly in one of the following four ways: as an independent internal audit unit, by the appointment of an internal auditor, the establishment of a joint internal audit unit or an agreement with the entity that performs internal audit in one of the three preceding ways, with the prior approval of the CHU. Key words: state audit, internal audit, public sector, integral approach, advisory services, EU and Balkan countries JEL Classification: M42. Keywords: approach; audit; control; cooperation; countries; court; development; internal; management; performance; pifc; sector; services; state audit; system
• THE INTERDEPENDENCE BETWEEN ENVIRONMENTAL AND SOCIAL PERFORMANCES AND COMPANY’S ECONOMIC VALUE: THE CASE STUDY OF TITAN CEMENT KOSJERIĆ by Petrović-Ranđelović, Marija; Stevanović, Tatjana; Janković-Milić, Vesna (2018) - The key institutional support for sustainable environmental management in the Company provides the environmental management system, which establishes, promotes and reviews the Company’s contribution in this field. Toward sustainable cement industry: Summary report, Retrieved from: https://www.wbcsdcement.org/pdf/battelle/final_report8.pdf, Accessed on: 15 April 2018. Keywords: business; cement; company; correlation; development; emissions; kosjerić; management; materials; performances; production; titan; total; value
• HUMAN AND SOCIAL CAPITAL AS FACTORS OF INEQUALITIES IN ECONOMIC DEVELOPMENT OF EU COUNTRIES by Skrodzka, Iwona (2019) - The conducted research has demonstrated that human capital as well as social capital had a statistically significant, positive impact on the economic development of the EU countries. Key words: human capital, social capital, economic development, soft modelling, European Union JEL Classification: C59, E24, O11, Z13 1. INTRODUCTION Keywords: capital; countries; development; group; indicators; latent; level; model; stimulant; variable
• THE IMPACT OF ECONOMIC SYSTEM ON ENVIRONMENTAL POLICY IN THE REPUBLIC OF SERBIA by Petrović-Ranđelović, Marija Vladimir; Radukić, Snežana (2015) - Environmental protection in the FR Yugoslavia in the period to 2001 was regulated by a large number of federal, republican and municipal regulations, making the overall legal framework that governs environmental protection non-harmonized, inconsistent and vague. The Report on the state of the environment for 2000 and priority tasks for 2001+ for Serbia state that “the results show that, except for the selected fields, environmental protection systems slept for almost a decade, apropos that established system is not implemented (as they are in other countries intensively transformed in accordance with the requirements of the protection and development of environment), and according to the assessment, the cumulated time lag for the developed countries in this area (at least 30 years) we must compensate step-by-step, by profound, carefully and professionally planned activities” (Ministarstvo zdravlja i zaštite životne okoline Republike Srbije, 2002, p. 224). Keywords: development; environmental; field; law; legislation; level; policy; protection; protection system; republic; serbia; state; system; yugoslavia; životne
• ECONOMIC THOUGHT OF FRIEDRICH LIST, GUNNAR MYRDAL AND JOHN MAYNARD KEYNES, AND ITS APPLICABILITY IN TRANSITION ECONOMIES by Petrović, Jadranka (2019) - Key words: economic development, economic policies, transition economies, Friedrich List, Gunnar Myrdal, John Maynard Keynes JEL Classification: B31, O10 Received October 01, 2018 / Revised November 12, 2018 / Accepted November 23, 2018 Corresponding author: Jadranka Petrović * PhD candidate at University of Banja Luka, Faculty of Economics University of Banja Luka, Faculty of Economics, Majke Jugovića 4, 78000 Banja Luka, Republic of Srpska, Bosnia and Herzegovina E-mail: jpetrovic.bl@gmail.com 76 J. PETROVIĆ INTRODUCTION The neo-liberal policies of privatization, trade and capital markets liberalization, deregulation and minimization of the role of the state have led in transition countries to the collapse of large economic systems, a number of bankruptcies and liquidations of enterprises and, consequently, to deindustrialization, leading to a high unemployment rate and a decline in the population standard of living. Keynes and Keynesianism performed a real revolution, both in economic theory and in economic policy. Keywords: bosnia; development; gunnar; herzegovina; keynes; list; myrdal; policies; policy; population; state; theory; thought; trade
• THE INFLUENCE OF THE COMPETITION POLICY ON STATE AID AND PUBLIC SECTOR WITHIN THE EUROPEAN UNION SINGLE MARKET by Rađenović, Žarko (2015) - State aid policy is one of the most original policies of the competition policy of the European Union. When it comes to making decisions about whether a state aid is contrary to the competition or not, there is firstly the process of notification that includes the publication and delivery of state aid policy implemented by the government in a given industry sector or area in order to see whether such strategy leads to distortion of trade between member countries. Keywords: aid policy; commission; companies; competition policy; development; european; european union; market; member; sector; services; state aid; union
• INTERSECTORAL LINKAGES AND THEIR CONTRIBUTION TO ECONOMIC GROWTH IN THE REPUBLIC OF SERBIA by Stanojević, Jelena; Krstić, Bojan (2019) - In economic theory is widely accepted the existence of interrelation between economic growth and structural changes, whether measured by the employment share of economic sectors or through their participation in the realized domestic or international value (Dietrich, 2009). Key words: intersectoral linkages, structural changes, economic growth, Republic of Serbia. Keywords: agriculture; changes; development; economic; economy; growth; manufacturing; period; republic; sector; serbia; share
• DOMESTIC AND FOREIGN FINANCING SOURCES IMPACT ON THE ECONOMIC DEVELOPMENT OF THE REPUBLIC OF SERBIA by Radisavljević, Goran; Milovanović, Goran; Bjeletić, Saša (2019) - “Government investment is now about 3% of GDP, while domestic investment is 10% of GDP and, together with foreign investment, accounts for around 15% of GDP” (Milovanović, Radisavljević, Đukić, 2018, p. 37-38). Due to the low level of per capita income and low savings rates, developing countries are unable to provide the necessary funds to finance domestic savings investments. Keywords: countries; development; economic; financing; gdp; growth; investments; percent; republic; savings; serbia; sources
• QUALITY OF INSTITUTION AND ECONOMIC GROWTH OF THE COUNTRIES OF THE EUROPEAN UNION AND THE WESTERN BALKANS by Kostić, Vladimir; Ljajić, Samir; Cvetanović, Slobodan; Nedić, Vladimir (2019) - The aim of the paper is to create a model of the impact of the component vector (different indicators of institution development) of institutions on economic growth of three groups of selected European countries at different levels of economic development. Key words: institutions; economic growth; European countries, EU15, EU13, countries of the Western Balkans JEL Classification: O43 Received January 21, 2019 / Keywords: countries; development; economic; growth; impact; indicators; institutions; linear; model; quality
• THE IMPACT OF AUTOMATED TRADING SYSTEMS ON FINANCIAL MARKET STABILITY by Todorović, Violeta; Pešterac, Aleksandra; Tomić, Nenad (2019) - Automation of trading systems in financial markets represents the last phase of depersonalizing activities previously done by traders. Key words: automated trading system, financial markets, high-frequency trading JEL Classification: G10, O33 INTRODUCTION The rapid development of computer technology and the importance of its application in contemporary business operations have positioned financial sector as one of the leading in applying modern technology. Keywords: development; frequency; frequency trading; information; journal; market; order; software; stock; strategies; strategy; systems; time; traders; trading; trading systems
• INNOVATION AS DRIVER OF MODERN RETAIL by Sokolov Mladenović, Svetlana; Vukojević, Vanja (2019) - Although studies offer different approaches to defining retail innovation (Evangelista, 2000; Miozzo & Soete, 2001; Michel et al., 2008), authors generally agree that retail innovation is insufficiently explored and understood (Sokolov Mladenović & Ćuzović, 2017). 176 S. SOKOLOV MLADENOVIĆ, V. VUKOJEVIĆ However, customers themselves have the final say about the success of retail innovation. Keywords: business; chains; customer; development; innovation; new; research; retail; retailers; retailing; services; technology; trade; walmart
• SOME ASPECTS OF SUSTAINABLE DEVELOPMENT OF TOURISM by Šušić, Vukašin; Đorđević, Dejan (2019) - The main goal of this paper is to analyze various indicators of sustainable development that determine the possibility of using space in tourism, as well as sustainable tourism development. According to WTO, principles of sustainable tourism development are applicable to all forms of tourism, including mass tourism and specific segments of tourism, as well as all types of tourist destinations. Keywords: area; capacity; carrying; destination; development; environment; indicators; management; resources; tourism; tourism development; tourists; use
• RELATIONSHIP BETWEEN EASE OF DOING BUSINESS INDICATORS AND THE FOREIGN DIRECT INVESTMENT INFLOWS IN THE REPUBLIC OF SERBIA by Janaćković, Marko; Petrović-Ranđelović, Marija (2019) - The way that Doing Business indicators affect FDI is analyzed if the country's change in FDI inflow level is compared to Doing Business indicators‟ values for that year. FDI inflows are higher in countries with better Doing Business indicators, and economies that provide a good regulatory environment for domestic companies seek to provide the same for foreign companies. Keywords: business; business indicators; countries; development; ease; fdi; growth; indicators; inflows; institutions; investment; property; world
• THE SCOPE AND STRUCTURE OF THE INCENTIVES IN AGRICULTURE AND RURAL DEVELOPMENT IN THE REPUBLIC OF SERBIA by Grujić, Biljana; Roljević Nikolić, Svetlana; Simonović, Zoran (2019) - The call for IPARD incentives in 2019 suggests the implementation of Measure 7 and Measure 9, which is expected to be announced in the last quarter of 2019. 2 Since 2019, incentive funds for fuel regression have been returned, which were abolished in 2016 The Scope and Structure of the Incentives in Agriculture and Rural Development in the Republic of Serbia 333 Graph. Keywords: agriculture; budget; development; funds; incentives; ipard; measures; republic; serbia
• FINANCIAL AND ECONOMIC MODELS OF EDUCATIONAL SERVICES IN THE CONTEXT OF UKRAINE AND THE EU STANDARDS HARMONIZATION by Shulgina, Ludmyla; Okręglicka, Małgorzata (2019) - The Bologna process and problems in higher education system of Kazakhstan. It is emphasized that “major transformations in European higher education systems were believed to be necessary for Europe to become a knowledge economy” (Aydarova, 2014). Keywords: authors; conditions; countries; development; education; financing; models; process; services; standards; state; system; training; ukraine
• NEW ORGANIZATIONAL FORMS SUPPORTED BY THE INFORMATION AND COMMUNICATION TECHNOLOGY: THE CASE OF SERBIAN ICT INDUSTRY by Petković, Mirjana; Lukić, Jelena (2014) - Consequently, ICT companies, as the most advanced companies, have become the leaders in introducing the new organizational forms in their functioning and facilitate introduction of new organizational forms in other organizations. In this sense, the aim of this paper is to present new organizational forms based on ICT and, on the example of the ICT industry in Serbia, to show how ICT supports their implementation. Keywords: business; communication; companies; design; development; employees; forms; ict; industry; information; knowledge; management; new; organization; technology
• CONCEPTUAL FRAMWORK FOR UNDERSTANDING THE INFLUENCE OF EFFICIENT PROTECTION OF PRIVATE PROPERTY RIGHTS ON ECONOMIC EFFICIENCY by Ivanovic, Vladan (2014) - MULTIDIMENSIONAL NATURE OF PRIVATE PROPERTY RIGHTS Considering the fact that the rules of property rights are among the most significant structural determiners of economic behaviour and performances [26, p. 143], it is necessary to indicate the complex nature of this concept. The question of the relationship of property rights and economic efficiency involves a review of those essential features which make private property rights have significant advantages in stimulating economic activity against alternative forms of ownership. Keywords: development; economic; economy; efficiency; fact; growth; influence; institutions; market; ownership; property; property rights; protection; state; system; usa
• SIGNIFICANCE OF INNOVATION FOR SUSTAINABLE ECONOMIC AND AGRICULTURAL DEVELOPMENT IN THE REPUBLIC OF SERBIA by Despotović, Danijela; Ristić, Lela; Dimitrijević, Miloš (2019) - Innovation is the key for economic development and increasing employment, which means that this is a very important determinant of sustainable economic development (Despotović et al., 2014). Since it is not enough just to achieve economic development, we should strive for sustainable development over a longer period and base it on innovation. Keywords: activities; agriculture; countries; development; economic; europe; innovation; republic; research; serbia
• SUPPORTING IMMIGRATION FOR AN ENHANCED AGRICULTURAL SUSTAINABLE DEVELOPMENT WITHIN THE EUROPEAN UNION by Cristea, Mirela; Noja, Gratiela Georgiana; Ponea, Constantin Stefan (2020) - Key words: agriculture sector, international migration, European integration, sustainable development, econometric modelling JEL Classification: J61, Q10, C31 Received September 27, 2019 / Accepted October 30, 2019 In search of pathways out of poverty: Mapping the role of international labour migration, agriculture and rural labour. Keywords: agricultural; asyl; countries; cristea; development; economic; european; imig; labour; migrants; migration; noja; results; sector
• KNOWLEDGE AS A FACTOR OF ECONOMIC GROWTH OF TRANSITION COUNTRIES by Petrović, Jelena; Stanišić, Tanja (2015) - The influence of knowledge economy development on competitiveness of Southeastern Europe countries, Industrija, Vol. 41 (2): 151-167. 14. Based on the purpose and primary objective of the research, the authors of the paper will test the following hypotheses: H1: More than 50% of transition countries have made progress towards knowledge society and knowledge economy in the period from 1995 to 2012; H2: There is a strong positive correlation between the KEI and GDP in transition countries; H3: The achieved level of the knowledge economy development in the transition countries has a significant impact on its economic growth measured by GDP indicator; H4: All pillars of the KEI indicator have a significant impact on the GDP level of of transition countries. Keywords: countries; development; gdp; growth; kei; knowledge; knowledge economy; level; transition countries; world
• INDUSTRY 4.0 DEVELOPMENT CONDITIONS IN THE REPUBLIC OF SERBIA by Mićić, Vladimir (2020) - According to CIS, the share of manufacturing industry companies in the Republic of Serbia that introduced at least one type of innovation was about 43.2% in 2016, so it can be concluded that manufacturing industry is innovative (Table 1). Key words: Industry 4.0, manufacturing industry, digitalization, innovation, technological change JEL Classification: Keywords: development; digitalization; i4.0; industrial; industry; innovation; manufacturing; manufacturing industry; production; products; republic; serbia; value
• SOCIAL AND ECONOMIC INCLUSION OF DISABLED INDIVIDUALS. A LITERATURE REVIEW by Caragiani, Elena Sorina (2020) - Different from other papers, I have pointed out the background dissimilarities of disabled people among EU member states. Key words: social and economic inclusion, disabled people, sustainable economic development, literature review. Keywords: barriers; development; disabilities; disability; inclusion; individuals; life; literature; order; people; september; social; society
• COMPLEMENTARITY BETWEEN THE MARKET AND THE STATE AS A FACTOR OF MODERN MARKET ECONOMY EFFICACY: LESSONS FOR REPUBLIC OF SERBIA by Lekovic, Vlastimir Radomir (2015) - Market economy is explained as a system characterized by private ownership and a self-regulating market mechanism which enables the coordination of the activities of economic actors. With no intention to challenge the role of the market mechanism, private entrepreneurship and economic freedom, the author, rather, aims to bring to attention the existence of objective factors which in terms of the functioning of modern market economies introduce the need to establish cohesion between the market and the state, as well as the relevant coordination and control mechanisms. Keywords: complementarity; coordination; development; economies; environment; functioning; government; market; market economy; market mechanism; market system; order; role; state; system; terms
• THE STRATEGIC INTENTION OF MULTINATIONAL ENTERPRISES IN CORPORATE SOCIAL RESPONSIBILITIES IN NIGERIA by Nafiu, Akeem Tunde (2015) - In an attempt to create better understandings, The Strategic Intention of Multinational Enterprises in Corporate Social Responsibilities in Nigeria 299 Okey (2007) expressed that Multinational Enterprises are often categorized into three broad groups which are: i. Horizontally integrated multinational corporations, whose management focuses on the production establishments situated in diverse countries to produce homogenous products. ii. According to Ionescu and Oprea (n.d.), multinational corporations exploit host countries and their inhabitants because they capitalize all revenue which is obtained from a location, they migrate into other countries which offer greater advantages for multinational corporations and because these corporations follows only their own interests. Keywords: business; corporations; countries; country; development; economy; enterprises; host; mnes; nigeria; respondents; responsibilities
• COMPARATIVE ANALYSIS OF PPP PROJECTS SECTORAL STRUCTURE IN DEVELOPED AND DEVELOPING COUNTRIES by Đorđević, Aleksandar; Rakić, Biljana (2020) - As adequate PPP structure leads to economic growth and prosperity of the national economy, it is recommended to adjust the institutional framework, laws and regulations for PPP, attract more private capital, develop basic economic infrastructure and with its help attempt to converge the PPP project structure of developing countries to that of developed countries. Key words: public-private partnership, sectoral structure, developed countries, developing countries JEL Classification: H42, H44 Received March 04, 2020 / Keywords: countries; developing; development; group; infrastructure; market; number; partnership; ppp; projects; public; sector; world
• ANALYSIS OF SOCIOECONOMIC STATUS, GENDER, AND ACADEMIC ACHIEVEMENTS TO STUDENT CAREER MATURITY by Ghofur, Muhammad Abdul; Soejoto, Ady; Pamungkas, Heni Purwa (2020) - The results of the regression analysis showed that gender variables influenced career maturity, while academic achievement and socioeconomic status do not have a significant influence on student career maturity. This study aims to determine the factors that influence student career maturity. Keywords: achievement; career; career development; career maturity; development; gender; journal; level; research; status; students; study; work
• STAFFING FOR SCENARIOS OF SUSTAINABLE DEVELOPMENT OF KHARKIV REGION ECONOMIC SECTORS by Rodchenko, Volodymyr; Rekun, Ganna; Naidina, Eugenia; Prus, Yuliia; Medenets, Valeriia (2020) - CONCLUSION Based on the calculation of labor productivity by kinds of economic activities of Kharkiv region, we justified the policy of transformation for Kharkiv region economy, which is oriented to growing sectors with high productivity. The functioning of the sectors of Kharkiv region economy according to the scenario of growth of labor productivity by types of economic activities to the world level allows making assumptions about the optimal structure of economic sectors in the future (Fig. 5). Keywords: development; economic; employment; gaps; growth; increase; kharkiv region; labor productivity; quadrant; region economy; resources; sectors; staffing
• COMPARATIVE ANALYSIS OF DEVELOPMENTAL CONCEPTS OF SOCIAL ENTREPRENEURSHIP IN EUROPE AND THE USA by Talić, Miljana; Ivanović Đukić, Maja (2021) - In the operational phase, there are differences in the degree of involvement of the population in social entrepreneurship between Europe and the USA, but they are also present between Eastern and Western Europe, which means that they are not predominantly conditioned by theoretical concepts and models of social entrepreneurship, but by other factors. Key words: social entrepreneurship, social enterprises, social innovations, start-up development phase, operational development phase of the SE. Keywords: activity; concepts; development; differences; enterprises; entrepreneurship; europe; european; phase; start; usa
• SUSTAINABILITY RISK MANAGEMENT IN THE DIGITAL ECONOMY by Stanković, Jelena Z.; Petrović, Evica; Stanković, Jovica (2021) - The fact is that these risks may have an impact on firm performance in the long run, but the effects of their manifestation cannot yet be adequately assessed, nor the link between long-term and short-term effects of sustainability risks and business risks (Bromiley et al., 2015). Business development in the Internet of Things: A matter of vertical cooperation. Keywords: business; companies; development; economy; ict; management; republic; risks; serbia; sustainability; use
• MILLENNIALS IN THE CREATION OF SOCIAL VALUE OF THE ENTERPRISE by Kramarenko, Anna (2021) - FACTA UNIVERSITATIS Series: Economics and Organization Vol. 18, No 2, 2021, pp. 103 - 116 https://doi.org/10.22190/FUEO210110009K © 2021 by University of Niš, Serbia | Creative Commons Licence: CC BY-NC-ND Original Scientific Paper MILLENNIALS IN THE CREATION OF SOCIAL VALUE OF THE ENTERPRISE1 UDC 005.35 Anna Kramarenko V.N. Karazin Kharkiv National University, Educational and Scientific Institute “Karazin Business School”, Department of Management and Administration, Ukraine Abstract. A statistical study of data from European countries allowed to draw a conclusion about the increase in social value in consumption, recycling of production resources, the use of renewable energy sources, and the growth of preferences for the development of own business. Keywords: business; development; entrepreneurship; gen; january; millennials; population; rate; responsibility; social; value
• ENVIRONMENTAL ASPECTS OF THE PROCESS OF GLOBALIZATION – NEGATIVE IMPLICATIONS AND CRISIS by Ilic, Ivana; Hafner, Petar (2015) - Key words: globalization, environmental problems, environmental crisis, Environmental Performance Index (EPI). On the basis of this methodology and the presentation of ranking of countries according to the environmental performance, the work analyzes the state of environmental development in Serbia and neighboring countries. Keywords: countries; crisis; development; economic; environment; globalization; index; performance; problems; process; resources
• SUSTAINABLE FINANCE AND BANKING: A CHALLENGE FOR REGULATORS AND A RISK MANAGEMENT SYSTEM by Jemović, Mirjana; Radojičić, Jelena (2021) - Banks can mitigate environmental risks by 352 M. JEMOVIĆ, J. RADOJIČIĆ taking risk reduction actions such as refusing a loan application from companies involved in environmentally risky activities, adjusting the interest rate or maturity of the loan to environmental risk or inserting specific clauses in loan agreements (Jeucken, 2001, p. 119). Sustainable finance for banks is a source of new opportunities, but on the other hand, banks are more and more concerned about their exposure to environmental risk. Keywords: banking; banks; business; climate; companies; development; environment; finance; impact; loan; management; products; projects; risks; sustainability; system
• INSURANCE DEVELOPMENT AND LIFE QUALITY IN THE EUROPEAN UNION COUNTRIES. AN EMPIRICAL ASSESSMENT by Cristea, Mirela; Noja, Graţiela Georgiana; Drăgoi, Doina; Andriţoiu, Leontina Codruţa (2021) - Life insurance is preferred and accessed by middle-income people. Moreover, in this study, the negative relationship between education and the demand for life insurance is highlighted, a fact confirmed also by Beck & Webb (2003). Keywords: analysis; countries; development; economic; education; european; index; indicators; insurance; insurance market; life; life insurance; market; quality
• WHAT CAN BE LEARNED FROM SUSTAINABILITY REPORTING AT THE FRONTIER MARKETS? THE CASE OF THE REPUBLIC OF SERBIA AND NORTH MACEDONIA by Denčić-Mihajlov, Ksenija; Poposki, Klime; Pavlović, Milica (2021) - The paper examines the corporate social responsibility (CSR) reporting practice at the frontier markets by using a comparative review of sustainability reporting practice according to the GRI framework. The values of Social, Environmental, Economic and aggregate Sustainability Index, calculated using content analysis, indicate a low level of sustainability reporting practice. Keywords: companies; development; diffuse; disclosure; exchange; frontier; index; indicators; information; listing; markets; ownership; practice; reporting; sector; sustainability; sustainability reporting
• THE DRIVERS OF PRIVATE SECTOR INVESTMENT IN BOTSWANA: AN EXPLORATORY REVIEW by Maluleke, Glenda; Odhiambo, Nicholas M.; Nyasha, Sheilla (2021) - 471 - 485 https://doi.org/10.22190/FUEO210903033M Original Scientific Paper THE DRIVERS OF PRIVATE SECTOR INVESTMENT IN BOTSWANA: AN EXPLORATORY REVIEW UDC 005:330.322 Glenda Maluleke, Nicholas M. Odhiambo, Sheilla Nyasha University of South Africa, Department of Economics, Pretoria, South Africa ORCID iD: Glenda Maluleke https://orcid.org/0000-0002-5234-3115 Nicholas M. Odhiambo https://orcid.org/0000-0003-4988-0259 Sheilla Nyasha https://orcid.org/0000-0003-2930-094X Abstract. The paper discusses the investment policies that the government has adopted over the years, the incentives, as well as the institutions that have been established to promote private sector investment. Keywords: bank; botswana; development; gdp; government; growth; investment; percent; percentage; period; rate; sector
• ATTITUDES OF SERBIAN URBAN RESIDENTS TOWARD TOURISM DEVELOPMENT by Dimitrovski, Darko Dragi; Marinkovic, Veljko Radosav; Senic, Vladimir Radoslav (2015) - Tourism development is often linked to economic development, while ignoring other segments of improving quality of life in urban settings that are a direct consequence of tourism development. Urban population is not homogeneous and as such is not uniform in perception related to tourism development, but some general conclusions can be drawn. Keywords: analysis; attitudes; city; communities; community; development; factors; kragujevac; population; research; residents; respondents; tourism; tourism development
• COMPETITIVENESS AND DEVELOPMENTAL TRENDS OF THE NEW INDUSTRIAL POLICY OF THE REPUBLIC OF SERBIA by Kostadinović, Ivana; Kostić, Zorana; Ilić, Ivana (2015) - The achieved level of economic development determines the degree of industrial development in one country. INTRODUCTION Plenty of theoretical insights and empirical examples have confirmed that the achieved level of economic development to a large extent determines the degree of industrial development. Keywords: competitiveness; countries; development; european; growth; industrial; industry; investment; policy; republic; serbia; strategy

• THE IMPACT OF LIQUIDITY MANAGEMENT ON FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN WEST AFRICA by Ajao, Mayowa Gabriel; Iyekekpolor, Emmanuel Nosagie (2022) - Bank liquidity is commonly estimated by the current ratio, which is the ratio between the balance sheet current assets and liabilities. The findings showed that bank liquidity has significant relationship on ROE and ROA. Keywords: banking; banks; cash; countries; data; deposit; gambia; ghana; journal; leone; liquidity; liquidity management; management; nigeria; performance; profitability; sierra; study
• CHANGES IN FISCAL DEFICIT AND PUBLIC DEBT OF THE REPUBLIC OF SERBIA DURING THE COVID-19 PANDEMIC PERIOD by Milovanović, Goran; Radisavljević, Goran; Milanović, Sandra (2022) - Public debt in 2021 was on the level of public debt in year before (Government of the Republic of Serbia, 2021). Key words: GDP, fiscal deficit, public debt, COVID-19 pandemic, fiscal consolidation. Keywords: council; countries; covid-19; crisis; debt; deficit; economic; european; gdp; government; pandemic; policy; republic; serbia
• IMPACT OF THE COVID-19 PANDEMIC ON THE ECONOMIC EFFECTS OF TOURISM IN CENTRAL, EASTERN AND SOUTHEASTERN EUROPE (CESEE) COUNTRIES by Stanišić, Tanja; Leković, Miljan; Milutinović, Sonja (2022) - 10751 FACTA UNIVERSITATIS Series: Economics and Organization Vol. 19, No 2, 2022, pp. 155 - 166 https://doi.org/10.22190/FUEO220511012S © 2022 by University of Niš, Serbia | Creative Commons Licence: CC BY-NC-ND Original Scientific Paper IMPACT OF THE COVID-19 PANDEMIC ON THE ECONOMIC EFFECTS OF TOURISM IN CENTRAL, EASTERN AND SOUTHEASTERN EUROPE (CESEE) COUNTRIES1 UDC 616.98:578.834]:338.48(4) Tanja Stanišić, Miljan Leković, Sonja Milutinović University of Kragujevac, Faculty of Hotel Management and Tourism in Vrnjačka Banja, Republic of Serbia ORCID iD: Tanja Stanišić https://orcid.org/0000-0001-5809-794X Miljan Leković https://orcid.org/0000-0002-4952-3991 Sonja Milutinović https://orcid.org/0000-0001-9913-4495 Abstract. The governments of many countries have prioritized the preservation of employee income and in this regard have given priority to financial support to companies to retain their employees, preserve their salaries or provide retraining of workers in tourism, regardless of the level of tourism contribution to key macroeconomic aggregates. Keywords: cluster; contribution; countries; covid-19; covid-19 pandemic; crisis; economic; effects; employment; gdp; impact; pandemic; tourism
• SOCIAL INFLATION IN MTPL INSURANCE by Mecheski, Stevcho; Joldeska, Irina; Koseska, Elena; Krstanoski, Antonio; Naumoski, Darko (2023) - In addition to economic inflation, the insurance industry also faces the phenomenon of social inflation, i.e. abnormal growth of claims caused by various social factors. In this paper, we examine whether insurance companies in the Balkans face social inflation. Keywords: claims; countries; growth; inflation; insurance; macedonia; north; problem; republic
• PUSH AND PULL FACTORS AS DETERMINANTS OF FOREIGN DIRECT INVESTMENT: PANEL EVIDENCE FROM AFRICAN ECONOMIES by Oseni, Isiaq Olasunkanmi; Aberu, Felix; Ogede, Jimoh Sina (2024) - Asiamah, Ofori, and Afful (2019) examined FDI determinants in Ghana from 1990 to 2015 using Johansen’s cointegration approach. Also, Jaiblai and Shenai (2019) studied FDI determinants in ten sub-Saharan countries from 1990 to 2017. Keywords: africa; countries; determinants; economic; effects; efficiency; efs; factors; fdi; inflows; investment; market; mas; pull; push; seeking; variables
• SUPPLY CHAIN RESILIENCE PRACTICE OF MANUFACTURING COMPANIES IN DEVELOPING COUNTRIES: A META-ANALYSIS by Gesese, Solomon Amsalu; Singh, Rajwinder (2025) - Review of quantitative methods for supply chain resilience analysis. Further study of supply chain resilience practice in developed countries is suggested to compare the difference in effect size between developed and developing nations. Keywords: analysis; chain resilience; companies; countries; journal; management; manufacturing; meta; model; practice; research; resilience; scr; studies; supply chain
• ANALYSIS OF ENVIRONMENTAL SUSTAINABILITY OF EUROPEAN UNION MEMBER STATES BASED ON THEIR KEY MACRO-LEVEL ENVIRONMENTAL INDICATORS by Milenović, Jovana; Bonić, Ljiljana (2025) - Analysis of Environmental Sustainability of European Union Memeber States ... 133 By applying cluster analysis, EU Member States were classified into a 'green' cluster (comprising 21 countries) and a 'red' cluster (comprising 6 countries), based on their level of environmental sustainability, which was measured using macro-level environmental indicators in 2021. A cluster analysis was initially conducted to categorise EU Member States into two groups based on their environmental sustainability performance in 2021: the 'green' cluster (environmentally responsible countries) and the 'red' cluster (less environmentally responsible countries). Keywords: analysis; cluster; cluster analysis; countries; emissions; energy; eu member; european; green; indicators; level; member; member states; regression; reporting; states; sustainability; waste
• ANALYSIS OF POSSIBILITIES FOR IMPROVING SERBIAN COMPANIES’ BUSINESS ACTIVITY by Miletić, Vuk; Božilović, Slavko (2016) - Rising the level of Serbian enterprise competitiveness is under direct influence of the quality management concept for integrated management systems. This paper analyses international business environment quality and the competitiveness of national economy in the conditions of global changes in the area of business market. Keywords: business; companies; competitiveness; countries; enterprises; global; international; level; management; market; new; quality; serbian; world
• MEASURING CORRUPTION – KEY ISSUES, DATA SOURCES AND THE MOST COMMONLY USED INDICATORS by Lučić, Danilo; Golubović, Nataša; Džunić, Marija (2016) - For these reasons, in the creation of corruption indicators, respondents' perceptions are an indispensable input. THE MOST COMMONLY USED INDICATORS OF CORRUPTION Based on different techniques for data collection, two types of corruption indicators developed and evolved during time: original and composite indicators. Keywords: corruption; countries; country; cpi; data; indicators; international; measurement; number; perception; public; respondents; sources; world
• CORPORATE GOVERNANCE MECHANISMS EFFECTIVENESS: THE CASE OF TRANSITION COUNTRIES by Babić, Verica M.; Nikolić, Jelena D.; Stanisavljević, Milena S. (2016) - Key words: transition countries, privatization, corporate governance mechanisms, ownership concentration, board of directors INTRODUCTION The main problem of corporate governance is how to ensure that managers run firms for the benefit of shareholders and therefore prevent the appearance of agency conflicts between owners (principal) and managers (agents). Since market institutions are missing in transition countries, and institutional framework is insufficiently developed, these countries must develop appropriate corporate governance model, as well as corporate governance mechanisms. Keywords: board; control; countries; governance; governance mechanisms; market; mechanisms; minority; number; ownership; privatization; shares; tier; transition; transition countries
• SELLING OF ENTERPRISES IN SERBIA AS A FORM OF FOREIGN INVESTMENT by Dimitrijevic, Mladjan (2016) - In a global economy, foreign direct investments are the most important form of international business activities. Key words: transition, privatization, foreign direct investments, multinational corporations, gravitational variables INTRODUCTION Generally accepted attitude in developing countries is that foreign investments are the only right path leading to the promised prosperity only if the structural adjustment of the economy has been enforced. Keywords: capital; coefficient; companies; correlation; countries; economy; investments; investors; location; number; serbia; tax; total
• PERSONAL INCOME TAXES - DUAL TAXATION by Ranđelović, Miloš; Petković, Dragana R.; Prole, Ljiljana (2017) - Key words: double taxation, income tax, tax elements, fiscal reforms, standard and non-standard gains, horizontal and vertical taxing equity. NO NO Non-standard deductions of income tax extensive extensive limited The negative impact of high, rising marginal tax rates on economic efficiency, as well as the increasing mobility of the workforce and the growing inclination of taxpayers toward tax evasion in the conditions of sharp direct progression in taxing, brought about the creation of a system of income taxation with a unique tax rate (so-called flat income tax). Keywords: change; countries; income tax; income taxation; rate; revenue; serbia; series; share; system; tax; tax rate; tax revenue; taxation; taxes
• SOCIAL DIMENSION OF SUSTAINABLE COMPETITIVENESS OF SERBIA AND SELECTED EUROPEAN COUNTRIES by Cvetanović, Slobodan; Despotovic, Danijela Z; Nedic, Vladimir (2017) - The least competitive countries as a group, slightly lagging behind in all observed performances in the field of access to basic necessities, with the biggest problem identified in access to health care (sustainable competitive countries in Europe have a better result of this parameter for nearly 40%). A very similar situation is also observed for parameter of social mobility, where the difference in favor of sustainable competitive countries exceeds 40% and Serbia ranks the penultimate place immediately after Romania. Keywords: access; competitiveness; countries; dimension; economic; gci; group; indicators; serbia; sustainability
• ECONOMETRIC ANALYSIS FOR TOURISM DEMAND FUNCTION IN EGYPT A DYNAMIC PANEL DATA APPROACH by Faragalla, Waleed Said Soliman (2018) - The value of studying tourism demand models planning and policy has been discussed widely in many studies using the traditional regression model. Specifically, in the case of Egypt tourism should be studied as the pivotal part of economy, since as a destination it is the place of the oldest civilization, with pleasant weather throughout the year. Keywords: countries; data; demand; egypt; gmm; model; number; panel; panel data; tourism; tourism demand; tourists; variable
• THE IMPACT OF THE GREAT DEPRESSION (1929–1933) ON TRADE RELATIONS BETWEEN THE KINGDOM OF YUGOSLAVIA AND GERMANY by Kocić, Milena S. (2017) - This paper examines the impact of the Great Depression (1929–1933), the biggest blow that the capitalist world had undergone in its history up to that point, on trade relations between the Kingdom of Yugoslavia and Germany. Germany skillfully used the difficulties that the countries of Southeastern Europe, including the Kingdom of Yugoslavia, suffered from the Great Depression regarding the marketing of their main export commodity, agricultural products. Keywords: agreement; belgrade; countries; crisis; depression; europe; export; germany; impact; kingdom; relations; southeastern; trade; yugoslavia
• MIGRATION AS A FACTOR OF CHANGING THE ECONOMIC AND DEMOGRAPHIC PROFILE OF THE EUROPEAN UNION by Đorđević, Dejan Ž.; Šantić, Danica (2017) - Their population structure is quite different from that of EU population: they are young and in optimum reproductive and working age. Can we expect the redistribution of EU population due to intensive migration flows in certain countries, or a change in religious structure of the continent? Keywords: countries; european; eurostat; labour; member; migrants; migration; number; people; population; refugees; states
• MARKET SIZE AS A DETERMINANT OF THE FOREIGN DIRECT INVESTMENT INFLOWS IN THE WESTERN BALKANS COUNTRIES by Petrović-Ranđelović, Marija; Janković-Milić, Vesna; Kostadinović, Ivana (2017) - From the point of the eclectic theory of foreign direct investments, the determinants of foreign direct investment can be classified into two groups: micro determinants or factors on the supply side (company specific), which are specific to each company and involve ownership advantages and internalization advantages, and macro determinants or the factors on the demand side (country specific), which refers to the location advantages of the host country. Numerous empirical studies confirm that market size is one of the key determinants of foreign direct investment inflows, particularly market-oriented projects of foreign direct investment. Keywords: countries; country; determinants; direct; growth; host; impact; investment; investment inflows; market; market size; size
• CAN BANKING UNION HELP THE VIABILITY OF EUROZONE BANKING SECTOR? SOME PRELIMINARY RESULTS by Popović, Svetlana; Janković, Irena (2017) - Significant banks had, at the end of 2015 almost 950 billion euro of nonperforming loans (some 9% of EMU GDP), and their average NPL ratio is 7.1% (Constȃncio, 2016). In some European countries, there is the overcapacity in bank sector. Keywords: area; banking; banks; countries; crisis; debt; ecb; european; increase; level; markets; monetary; national; sector; sovereign; union
• FEATURES OF FUNDING FOR HIGHER EDUCATION IN EUROPEAN COUNTRIES AND IN THE RUSSIAN FEDERATION IN THE LIGHT OF REFORMS by Rimskaya, Olga Nikolaevna (2017) - As international experience shows, a state participation in higher education funding leads to its gradual reduction with a simultaneous increase of the share of extrabudgetary funding at the expense of the entities, public granting organizations, government programs, and students. The transition from an elite to a mass system of higher education, covering now up to 2/3 of the pupils finishing secondary school, occurred. Keywords: countries; education; education system; expenditures; funding; funds; institutions; levels; russia; state; system; world
• APPLICATION OF THE MINCER EARNING FUNCTION IN ANALYZING GENDER PAY GAP IN SERBIA by Dakić, Stojanka; Savić, Mirko (2017) - Key words: gender pay gap, labour market, regression model, EU-SILC. Research team has measured the extent and characteristics of the gender gap payments for all three countries individually and performed a comparative analysis of trends observed gender pay gap between three countries. Keywords: analysis; countries; earnings; gap; gender; gender gap; labour; market; pay; pay gap; serbia; women
• IMPACT OF TAX POLICIES ON TOURISM COMPETITIVENESS IN SERBIA AND OTHER NEIGHBORING AND EUROPEAN UNION COUNTRIES by Jovanović, Sonja; Božilović, Maja (2017) - Higher tourism tax rates decrease price competitiveness and competitiveness of the overall business environment for the development of a tourist destination. The aim of the paper is the analysis of tax rates in the tourism sector in the countries under consideration, and the level of tourism sector’s competitiveness in terms of the impact of tax policy on business and investment. Keywords: business; competitiveness; countries; environment; law; sector; serbia; tax; tourism; tourism competitiveness
• CIVIC AND POLITICAL PARTICIPATION IN TRANSITION COUNTRIES: THE CASE OF SERBIA by Džunić, Marija; Golubović, Nataša (2018) - Civic and Political Participation in Transition Countries: the Case of Serbia 7 Comparing the degree of associational activity with countries belonging to the developed world, Western Europe or North America, the findings suggest that civic participation in Serbia is hardly prevalent, measured by formal group membership. On the other hand, the dynamics of political participation in terms of non-conventional political activities seems to follow the pattern observed in civic participation. Keywords: associations; citizens; countries; democracy; engagement; involvement; membership; organizations; participation; serbia; society; transition
• MODELS OF DISTRIBUTION OF GDP AT THE GLOBAL LEVEL by Tomić, Zoran; Radović, Ognjen (2018) - Key words: The distribution of wealth, GDP, Pareto distribution, Lorenz curve, Gini coefficient, Boltzmann Gibbs distribution JEL Classification: D31, R12, C46 INTRODUCTION For macroeconomic policy holders, it is important to consider the distribution of wealth. This finding was confirmed in the work of Skipper (2011) that this form of Pareto distribution can best describe just distribution of the world's richest countries. Keywords: countries; distribution; gdp; gini; model; pareto; value; wealth
• ON THE THRESHOLD OF “ADULTHOOD”: WESTERN BALKANS’ TRANSITION FAILURES by Manić, Slavica; Joksimović, Ljubinka (2018) - With the progression of transition reforms, the growth model is transformed (by achieving relevant turning points; Cerović & Nojković, 2011; Cerović, 2012), which requires an appropriate adjustment of economic policies. CONCLUSION Transition project’s implementation in the case of advanced transition countries, new EU member states, lasted for almost two decades, which is far longer than the prediction of the pessimistic forecasters announced after the beginning of the transformation of centrally- planned economies into market economies. Keywords: balkans; countries; ebrd; economies; indicators; market; new; progress; reforms; serbia; transition
• HARMONIZATION OF ACCOUNTING REGULATIONS IN THE EUROPEAN UNION WITH SPECIAL REFERENCE TO THE EU CENTRAL AND EASTERN EUROPEAN COUNTRIES by Ranđelović, Dragana; Đukić, Tadija (2018) - The emergence and development of a unified European market imposes a need for harmonization of financial reporting of business entites in the European Union. According to the model of financial reporting, the countries of Central and Eastern Europe belong or belonged to the mixed economy model. Keywords: accounting; countries; directive; entities; european; ifrs; national; regulations; reporting; union
• THE ROLE OF TECHNOLOGICAL READINESS IN THE GLOBAL COMPETITIVENESS OF SERBIAN ECONOMY by Radivojević, Vladimir; Krstić, Bojan; Stanišić, Tanja (2018) - Benchmarking of technological readiness competitiveness of Balkan countries in relation to the top 10 European countries The goal of this research segment is to analyse critical indicators in the Technological readiness pillar of Balkan countries with special emphasis on Serbia. Analysis of score and rank of Technological readiness pillar of the top 10 European countries as a group for benchmarking In order to analyse the technological readiness competitiveness of Balkan countries, it is relevant to find the competitive position of the top 10 European countries with the best results in technological readiness. Keywords: balkan; competitiveness; countries; european; indicators; level; pillar; rank; readiness; readiness pillar; score; serbia; table
• INTERNALIZING ENVIRONMENTAL EXTERNALITIES IN CEMENT INDUSTRY: CASE STUDY FOR THE REPUBLIC OF SERBIA AND SELECTED NEIGHBORING COUNTRIES by Radukić, Snežana; Perović, Dušan (2019) - Higher amount of emitted pollutant particles not just cause increase in external environmental costs of many countries, but also cause many environmental problems that countries have to deal with. Using the EcoSense LE software, the authors will try to calculate external environmental costs in cement industry Internalizing Environmental Externalities in Cement Industry... Keywords: cement; cement industry; cement plants; costs; countries; emissions; externalities; impact; industry; plants; pollution; production; romania; serbia; total
• THE IMPORTANCE OF SCIENCE FOR IMPROVING COMPETITIVENESS OF NATIONAL ECONOMY by Krstić, Miloš S; Krstić, Bojan; Antonović, Ratomir (2019) - The country capacity to retain talent, the country capacity to attract talent, the availability of the latest technologies and the foreign direct investment and technology transfer have a major impact on the ability of the selected countries to create competitiveness science (Table 7). In the last part of this work, special attention will be devoted to determination of science indicators that represent the ―lack‖ of the country, but that are important for improving the competitiveness of the economy. Keywords: availability; competitiveness; countries; country; economy; indicators; innovation; krstić; pillar; researchers; science; science sector; scientists; sector; table
• IMPROVING PERFORMANCE OF VAT SYSTEM IN DEVELOPING EU COUNTRIES: ESTIMATING THE DETERMINANTS OF THE RATIO C-EFFICIENCY IN THE PERIOD 1997-2017 by Đorđević, Marina; Đurović Todorović, Jadranka; Ristić, Milica (2019) - The main research question in this paper is: does rise in value added tax rate negatively affect VAT collection efficiency in the EU developing countries. In addition to standard VAT rate, as a determinant of VAT collection efficiency, we analyze: economic growth rate, export of goods, export of services, wages and salaries, household consumption. Keywords: analysis; collection efficiency; consumption; countries; efficiency; model; rate; ratio; revenues; standard; tax; vat; vat collection; vat rate
• WHY PAY MORE - WORLD EVIDENCE ON M&A BID PREMIUM DETERMINANTS by Živanović, Milutin; Džudović, Nataša (2019) - Examining the sample of 783 merger and acquisition transactions at the global economy level, the research explores the importance and range of time and space determinants of bid premiums in M&A transactions. The intention of this paper is to highlight the space and time dimension of M&A transactions. Keywords: +30; announcement; bid premium; bidders; countries; m&a; market; period; period bid; premia share; price; share; share price; transactions
• THE RELATION BETWEEN MULTINATIONAL COMPANIES AND THE REPUBLIC OF SERBIA: INCOME TAXATION CONTEXT by Vržina, Stefan; Janković, Nenad (2019) - Income tax is chosen since foreign investors in Serbia value income tax incentives more than any other tax incentive (Domazet et al., 2018). Research subject of this paper is the relation between MNCs and the RS with focus on income tax incentives granted by the RS. Keywords: companies; countries; doi; etr1; host; incentives; income; income tax; mncs; research; serbia; subsidiaries; tax
• POVERTY AS A HETEROGENEITY FACTOR IN EU COUNTRIES by Janković-Milić, Vesna; Lepojević, Vinko; Stanković, Jelena (2019) - Poverty risk exposure indicators for the EU and Serbia in 2018 are shown in the following table: J.J. STANKOVIĆ Based on the values of the descriptive measures (Table 5), it can be concluded that in the second cluster, average rate of exposure to poverty risk is the highest (20.75), percentage of the population in severe material deprivation is the highest (27.81), while the average percentage of households with very low labour intensity is slightly below the highest average percentage (9.74), which otherwise binds to the first cluster (9.84). Keywords: cluster; countries; deprivation; households; indicator; level; material; poverty; rate; risk; working
• THE EFFECTS OF EU ENLARGEMENT IN EMPIRICAL MODELS by Marković, Ivan B. (2014) - It is evident, too, that the macroeconomic effects of EU integration were pretty good, starting with the GDP growth of 4.5%, decrease in the price level of about 6%, and the creation of an additional 2 million new jobs. It should be noted that the Association does not necessarily lead to EU membership. Keywords: accession; costs; countries; effects; enlargement; eu enlargement; european; gdp; integration; market; membership; models; new; states; trade; union
• ANALYSIS OF SERBIAN INNOVATION POTENTIAL IN THE PERIOD 2009-2012 by Cvetanović, Slobodan; Despotovic, Danijela; Nedic, Vladimir; Ilic, Vojislav (2014) - The relations between innovation inputs and innovation outputs have been studied on the example of selected groups of countries (the group of European innovative leaders and Serbia with neighboring countries) through the correlation analysis. Key Words: innovation, innovation inputs, innovation outputs, innovation efficiency. Keywords: analysis; correlation; countries; economic; economy; global; growth; innovation; innovation index; innovation potential; knowledge; level; serbia
• NONPERFORMING LOANS AND FINANCIAL STABILITY – THE CASE OF SERBIA by Lukić, Velimir; Popović, Svetlana; Janković, Irena (2019) - Nonperforming loans ratio of natural persons’ loans stayed below average due to the low ratio for housing loans that have consistently accounted for close to one half of total loans. Nonperforming loans became a burning issue across Eastern European region. Keywords: banking; banks; countries; credit; crisis; data; debt; loans; nbs; npl; npls; provisions; ratio; sector; serbia; stability
• MACROECONOMIC DIVERGENCES AND ASYMMETRIC RESPONSES WITHIN THE EURO ZONE by Beker Pucar, Emilija; Glavaški, Olgica (2020) - In this case, it is of interest to find out how the sudden change in the ECB's short-term interest rate reflects on the economic activities of the selected core and periphery EZ countries. The results of variance decompositions of the economic growth for selected core and periphery EZ countries confirm the expectation that the countercyclical effect of the ECB's monetary policy is more pronounced for the core. Keywords: convergence; core; countries; crisis; ecb; economic; economies; european; gdp; interest; monetary; period; periphery; policy; rate
• EXPLORING THE INFLATIONARY EFFECT OF OIL PRICE VOLATILITY IN AFRICA’S OIL EXPORTING COUNTRIES by Ogede, Sina Jimoh; George, Emmanuel Oladapo; Adekunle, Ibrahim Ayoade (2020) - These changes had drawn the attention of stakeholders, government and the society at large to the anecdotal relationship among oil price volatility, inflation, and output in Africa oil-exporting countries. This study leans empirical credence to the impact of oil price volatility on inflation and economic performance in the Africa oil-exporting countries from 1995 through 2017. Keywords: africa; countries; effect; impact; increase; inflation; oil; oil price; opec; price volatility; prices; relationship; results; run; test; volatility
• OIL PRICE SHOCKS AND MACROECONOMIC PERFORMANCE OF THE NIGERIAN ECONOMY: A STRUCTURAL VAR APPROACH by Alenoghena, Raymond Osi (2021) - This study examines the effect of oil price shocks on the macroeconomic performance of the Nigerian economy covering the period from 1980 to 2018. The results of the investigation reveal that oil price shocks have significantly and negatively affected economic growth and industrial output. Keywords: countries; economic; economy; effect; exchange rate; growth; inflation; nigeria; oil price; output; period; price shocks; price volatility; prices; production; rate; response; study; variables; volatility
• TESTING HECKSCHER-OHLIN-VANEK THEOREM BY USING NORMALIZED TRADE BALANCE APPROACH by Žmuk, Berislav; Jošić, Hrvoje (2021) - Table 2 shows the distribution of observed countries according to their income. The full list of observed countries is displayed in Table 7. Keywords: articles; balance; countries; country; data; factor; heckscher; hov; income; model; ohlin; production; sign; test; theorem; trade; value; vanek; world
• POPULATION AGEING AND WELFARE DISSIMILARITIES WITHIN THE EUROPEAN UNION: A NEW APPROACH BASED ON CLUSTER ANALYSIS by Cristea, Mirela; Noja, Graţiela Georgiana; Thalassinos, Yannis (2021) - By reviewing the relevant underpinnings of the literature related to our own research subject, we have grouped the data into three categories of indicators, namely: welfare variable, ageing credentials and labour market specific indicators, as follows: (i) Welfare indicator: Gross Domestic Product (GDP) per capita (GDP_C) (measured in constant 2010 United States Dollars – USD), for which the data were extracted from the World Development Indicators (WDI) (The World Bank, 2020); (ii) Ageing representative indicators: Old age dependency ratio (OD_65) as share of population over 65 years aged to active population (15-64 years) (%); Life expectancy at birth total population (LE) (years); Crude birth rate (BR) (measured in “number of live births per 1,000 persons”), with data extracted from the Eurostat (European Commission, 2020a); (iii) Labour market specific indicators: Employment rate, 55-64 years aged group or workforce ageing (ER_55_64) (% of total population), data extracted from the Eurostat (European Commission, 2020a); Active labour market policies (ALMP) (% of GDP) and Passive labour market policies (PLMP) (% of GDP), with data extracted from the Employment, Social Affairs & Inclusion (European Commission, 2020b). The Population Ageing And Welfare Dissimilarities Within The European Union 23 lowest participation of labour market policies in GDP is in Romania and Cyprus (Fig. 4(b)), considering ALMP, and Malta and Romania (Fig. 4(c)), as regards PLMP. Keywords: ageing; analysis; cluster; countries; economic; eu-27; european; fig; labour; market; population; welfare
• ASSESSING THE QUALITY OF COVID-19 DATA: EVIDENCE FROM NEWCOMB-BENFORD LAW by Jošić, Hrvoje; Žmuk, Berislav (2021) - A reasonable assumption will be that COVID-19 new case numbers should follow the Newcomb-Benford Law distribution. The methodology displayed in this paper could be additionally improved in order to include government measures for preventing the disease through limitation of social contacts and lockdowns, in testing the compliance of COVID-19 data distribution with the Newcomb-Benford Law distribution. Keywords: benford law; cases; countries; covid-19; covid-19 cases; covid-19 data; data; digit; distribution; infection; law distribution; newcomb; number; test
• THE DYNAMIC CAUSAL RELATIONSHIP BETWEEN OIL PRICE AND ECONOMIC GROWTH IN OIL-IMPORTING SSA COUNTRIES: A MULTIVARIATE MODEL by Akinsola, Motunrayo O.; Odhiambo, Nicholas M. (2021) - This study examines the causal relationship between oil price and economic growth in 14 oil-importing countries in sub-Saharan Africa during the period 1990 to 2018. The countries are further divided into two groups, namely seven low-income countries (LICs) and seven middle-income countries (MICs) in order to test whether the causality between oil price and economic growth depends on the countries’ income levels. Keywords: causality; countries; economic; energy; granger; growth; oil; oil price; panel; relationship; run; statistic; studies; study
• HETEROGENEOUS DEPENDENCE OF OIL-FOOD PRICE DYNAMICS IN AFRICA'S NET OIL-EXPORTING COUNTRIES by Ogede, Jimoh Sina; Ajayi, Felix O. (2022) - However, many of these studies ignore the possibility that the impact of oil prices on food prices could vary across the food price distribution. Besides, the findings prove that positive changes in oil prices significantly affect the magnitude of food prices in selected African countries. Keywords: africa; changes; countries; energy; food; food prices; ogede; oil; oil price; price changes; price shocks; prices; quantile; regression; shocks
• THE IMPERATIVE OF IMPROVING THE FINANCIAL REGULATORY FRAMEWORK UNDER CRISIS CONDITIONS - A CONTRADICTIO IN ADJECTO OF THE NEOLIBERAL PARADIGM by Krstić, Borko; Jemović, Mirjana (2015) - „The impact of global financial crisis on changing the central bank role in the market positioning of financial institutions“, Facta Universitatis Series: Economics and Organization, 6 (3): 221 – 236. 13. Although many of the instruments were abolished, due to the improvement of the functioning of financial markets in late 2009 and early 2010, in the following text we will briefly present the arrangements applied hitherto by the US Central Bank (Fed) and the European Central Bank (ECB). Keywords: banking; banks; capital; countries; crisis; deposit; framework; institutions; liquidity; market; paradigm; policy; regulation; sector; stability; state; system

• SELECTION OF SUPPLIERS IN THE SUPPLY CHAIN by Milovanović, Goran; Milenović, Jovana (2022) - The only thing we can point out as a disadvantage in its application is the definition of decision criteria and assessment of their relative weights. Integrating selection criteria allows companies to move towards sustainable development. Keywords: ahp; chain; company; criteria; decision; importance; making; management; method; number; package; quality; selection; software; supplier; supply
• EFFECT OF EMPLOYER-EMPLOYEE RELATIONSHIP ON EMPLOYEE ENGAGEMENT AND TASK PERFORMANCE by Guntuku, Raj Kumar; Boini, Shravan; Mukherjee, Kaustav; Kummeta, Ravi Shankara (2022) - The questionnaire was categorized into four parts, demographic profile factors, employer- employee relationship, employee engagement, and task performance. Hence, there exists a relationship between gender and employer and employee relationship. Keywords: employee; employee engagement; employee relationship; food; gender; job; journal; management; performance; study; table; task; task performance; value; work
• THE IMPACT OF DEMOGRAPHIC DIFFERENCES ON EMPLOYEE SATISFACTION WITH BENEFITS AND PERKS: EVIDENCE FROM SERBIAN FINANCIAL SECTOR by Lazarević, Anđela; Marinović Matović, Ivana (2022) - Mansor et al. (2012) in their study explored the relationship between employee satisfaction and motivation with different compensation components (salary, insurance benefits). The case of employee benefits during the Greek recession. Keywords: benefits; compensation; differences; education; employee; employee satisfaction; impact; insurance; job; management; motivation; perks; research; results; satisfaction; sector; study
• THE MOST INFLUENTIAL ORGANIZATIONAL CHANGE MANAGEMENT MODELS FROM 1950 TO 2020 by Vrcelj, Nikolina; Karabašević, Darjan (2022) - Leadership & Organization Development Journal (Emerald) Source: Authors’ research In the last phase of the research on the identification of organizational change models, an analysis of domestic literature was performed by searching the COBIB.SR database3. Organizational change models identified in this study could be valuable in improving the actions and decisions required for the successful execution of organizational change projects. Keywords: beograd; burke; change; change management; change models; janićijević; journal; management; models; organization; process; research
• GREEN QUALITY AND SUPPLY CHAIN MANAGEMENT AS A FACTOR OF SUSTAINABLE COMPETITIVENESS by Bejtović, Melisa; Andjelković, Aleksandra; Radosavljević, Marija (2022) - Organizing environmental supply chain management – experience from a sector with frequent product shifts and complex product chains: the case of the Danish textile sector. For this reason, in this paper the authors analyse the green component of the sustainable competitiveness, with the objective to show the way from quality management (quality products and processes) and environmental protection through sustainable supply chain management with the accent on supply chain greening to economy competitiveness. Keywords: chain; companies; competitiveness; green; iso; level; management; quality; standards; supply; supply chain; sustainability
• MODIFIED AUDIT OPINION AND EARNINGS MANAGEMENT IN STATE-OWNED COMPANIES: EVIDENCE FROM SERBIA by Đorđević, Milica; Spasić, Dejan (2022) - Francis and Krishnan (1999) examined this relationship in listed companies in the United States; Doan et al. (2021) in Vietnamese listed companies on the Ho Chi Minh City Stock Exchange and Hanoi Stock Exchange; two studies: Moazedi & Khansalar (2016) and Abolverdi & Kheradmand (2017) “evaluate the effect of EM on type of auditor report in companies listed on Tehran Stock Exchange (TSE).” This group of authors includes: Tsipouridou & Spathis (2014) who “examined this relationship in companies listed on the Athens Stock Exchange”; Gajevszky (2014) in companies listed on the Bucharest Stock Exchange; Othman et al. (2017) in companies listed on the Bursa Malaysia which is classified as PN17, Garcia-Blandon et al. (2014) in companies in Spain, Veronika & Julisar (2020) in companies listed on the Indonesia Stock Exchange, Sharf & Nassar (2021) in companies listed in Amman Stock Exchange in Jordan, Imen & Anis (2021) in Tunisian firms listed on the Tunis Stock Exchange. Keywords: accounting; audit opinion; auditor; companies; earnings; management; manipulation; opinion; results; serbia; state; statements
• IMPACT OF LEARNING ORIENTATION ON COMPANY PERFORMANCE: MEDIATING ROLE OF INNOVATIVENESS by Mirić, Marija; Nikolic, Jelena; Zlatanović, Dejana (2023) - 5. CONCLUSIONS This research has shown that learning orientation is a predictor of company performance and innovativeness in the Republic of Serbia. This paper aims to identify the impact of learning orientation on company performance and to test the mediating role of innovativeness in this relationship. Keywords: business; company; company performance; et al; impact; innovation; innovativeness; knowledge; learning; management; orientation; performance; research
• WORKING CAPITAL AND TAX PAYABLE: ANALYSIS OF INTERRELATIONSHIP IN MANUFACTURING COMPANIES by Adegbite, Tajudeen A; Inyada, Sunday Joseph (2024) - Manufacturing companies were actually selected from manufacturing companies that are listed within the Nigeria stock exchange jurisdiction from 2010 to 2022. To this effect, therefore, this study examined working capital effect on tax payable in Nigeria manufacturing companies. Keywords: capital; cash; companies; company; effect; et al; management; manufacturing; manufacturing companies; nigeria; payable; profitability; study; tax; tax payable; value; working
• LIQUIDITY-PROFITABILITY DYNAMICS: IS THE BANKING INDUSTRY RESILIENT IN TIMES OF CRISIS? by Stevcevska-Srbinoska, Dusica; Gjelevska, Verica (2024) - The impact of bank capital, bank liquidity and credit risk on profitability in post-crisis period: A comparative study of US and Asia. The impact of bank liquidity on the profitability of commercial banks: An applied study on Jordanian commercial banks for the period (2013/2017). Keywords: analysis; assets; banking; banks; crisis; impact; liquidity; management; model; observations; profitability; ratio; relationship; roa; roe; s.e; sector; sig; stl; tests; total
• TIME-DRIVEN ACTIVITY-BASED COSTING AS A TOOL OF BUILDING AN INTEGRATED MANAGEMENT SYSTEM by Todorovic, Mirjana (2016) - The above-mentioned gap also stems from the unsystematic and uncoordinated use of various instruments of strategic management and operational management. The Dupont model allows the operational improvement (in the field of operational management) to be adequately valorized, i.e. presented in financial statements, in a way that responds to the needs of strategic management Keywords: business; cost; enterprise; implementation; information; management; performance; processes; strategy; system; tdabc; term; time
• THE EFFECT OF CUSTOMER RELATIONSHIP MANAGEMENT DIMENSIONS ON HOTEL REPUTATION: AN EMPIRICAL STUDY by Mechta, Meriem; Kebab, Manel; Bouabdellah, Hafidha; Mouloudj, Kamel (2024) - Technology-based CRM and hotel reputation Richard (2008, p. 11) describes CRM technology as a sub-set of CRM, focused on the technology and technology applications used to support CRM implementation. Therefore, it is imperative to enhance our comprehension of how different dimensions of CRM impact hotel reputation. Keywords: crm; customer; customer relationship; dimensions; et al; hotel; hotel reputation; impact; journal; knowledge; management; organization; performance; relationship; reputation; satisfaction; study; technology
• CONTRIBUTION OF INTERNAL AUDIT IN THE FIGHT AGAINST FRAUD by Djordjevic, Milica; Đukić, Tadija (2016) - Key words: Internal audit, fraud risk management, fraud prevention, fraud detection, fraud investigation. What are the conditions under which the internal audit provides support and security to the board of directors and management that the likelihood of fraud is minimized and is internal audit up to this challenge are the questions whose answers affect the further development of this profession in the field of fraud risk management. Keywords: activities; audit; auditors; company; control; fraud; fraud risk; management; mechanisms; process; responsibility; risk
• MECHANISMS OF CORPORATE GOVERNANCE APPLIED IN FAMILY BUSINESSES LOCATED IN WESTERN ALGERIA: A QUESTIONNAIRE-BASED ANALYSIS OF A RESEARCH SAMPLE by Abdellaoui, Fethallah; Boughazi, İsmail; Didaoui, Mohamed Farouk (2025) - Therefore, the orientation of these firms towards the application of family business governance may be the most effective solution to ensure their continuity on the one hand, and to reduce conflict among stakeholders on the other. The second section assessed the core variable of the study, family business governance (FBG), comprising two primary dimensions: (1) adherence to corporate governance principles (9 items) and (2) implementation of family governance structures (7 items). Keywords: algeria; business; business governance; company; family; family businesses; family governance; firms; governance; governance structures; implementation; level; management; principles; structures
• POTENTIAL CONTRIBUTION OF ENVIRONMENTAL ACCOUNTING TO MODERN BEEKEEPING AS A PART OF THE AGRICULTURAL SECTOR by Arsenijević, Aleksandra (2025) - This information can be used for the successful management of negative environmental impacts and to improve environmental performance, because “the company actions, or rather its management actions, to prevent pollution must be measurable and obvious” (Shen, 1995, 185). For the effective management of environmental impacts, i.e. environmental externalities, reliable information on company performance is of crucial importance. Keywords: accounting; agricultural; beekeeping; bees; company; costs; environmental; habitats; honey; impact; management; production; research; sector; species
• THE TRANSFORMATION OF BUSINESS MODELS AND MARKETS IN THE ERA OF INTERNET AND ELECTRONIC BUSINESS by Janaćković, Tanja; Milovanović, Slavoljub; Milovanović, Goran (2016) - Weill, P., Vitale, M. R. (2001), Place to Space: migrating to e-business models, Harvard Business School Press, Boston. The innovations of the business model are another key element of managing a business model, and it is relevant in the context of business model changes. Keywords: business; business model; buyers; change; company; information; internet; management; market; milovanović; models; new; products; value
• FACTOR ANALYSIS OF TOTAL QUALITY MANAGEMENT ADOPTION BY SMES IN NIGERIA by Sule, Ja’afaru Garba; Ogbadu, Elijah E.; Nafiu, Akeem Tunde (2017) - This study focused on Total Quality Management (TQM) adoption by SMEs in Nigeria. Key words: Total Quality Management, performance outcomes, competitive advantage, communication, continuous improvement programs INTRODUCTION Today, the changes in both local and global competition inform SMEs of the need to improve on their efficiencies. Keywords: adoption; business; extent; implementation; management; nigeria; performance; quality; quality management; respondents; smes; success; tqm
• ICT ENABLED IMPLEMENTATION OF STRATEGY - EMPIRICAL EVIDENCE FROM SERBIAN CUSTOMS SERVICE by Dalton, Sanja (2017) - In this paper ICT enabled implementation of Serbian Customs Service Strategy is presented. The concept of strategic management in public organizations To some authors, “One of the most important elements in managing a successful organization is having a sense of strategy” (Bouman, 2003, p. 1). Keywords: business; collection; customs; deviation; group; ict; management; mean; organization; research; service; strategy
• INTELLECTUAL CAPITAL AS THE SOURCE OF COMPETITIVE ADVANTAGE: THE RESOURCE-BASED VIEW by Radjenović, Tamara; Krstić, Bojan (2017) - The economic literature that deals with the role of non-material resources in sustaining competitive advantages indicates significant variations in the use of terminology (intellectual resources, invisible assets, knowledge resources, knowledge- based capital, intangible resources, non-material assets, etc.). There is a requirement that the accounting system should adequately disclose the so-called invisible assets or intellectual resources on the assets side on the balance sheet. Keywords: advantage; assets; capabilities; capital; firm; journal; knowledge; management; resources; theory; value; view
• INDEPENDENCE AND OBJECTIVITY OF INTERNAL AUDITORS AS DETERMINANTS OF THEIR EFFECTIVENESS by Đorđević, Milica; Đukić, Tadija (2017) - In particular, timely identification and elimination of threats that can compromise the objectivity of internal auditors is a prerequisite for the implementation of activities that contribute to internal audit independence, relating to: adequate organizational position of internal audit, establishing a strong control system, adoption of audit charter, establishing the practice of employment and dismissal of internal auditors, and others. In this sense, organizational independence is achieved when the chief audit executive functionally reports on its work to the audit committee and administratively to senior management level, where functional reporting includes all the issues relating to the scope of internal audit, from planning to reporting on work results, including the quality control of internal audit activities, while administrative reporting involves communication with the appropriate higher management level on administrative matters related to the daily operations of this function. Keywords: activities; audit; auditing; auditors; committee; company; independence; management; objectivity; role; work
• TQM AND KAIZEN FOR CONTINUOUS QUALITY MANAGEMENT by Janjić, Vesna; Todorović, Mirjana; Domanović, Violeta (2018) - The quality management function, as part of the total quality management function in the company, is achieved through quality planning, operational quality management, quality control, and quality improvement. Experience in the application of TQM and Kaizen concepts in companies around the world, especially in large ones, has shown significant results, expressed primarily through quality improvement, cost reduction, and enhanced financial performance, and can serve as a good practice for application in companies in the Republic of Serbia. Keywords: application; business; companies; company; concept; customer; implementation; improvement; kaizen; management; performance; process; products; quality; quality management; tqm
• AN OVERVIEW OF EARNINGS MANAGEMENT MEASUREMENT APPROACHES: DEVELOPMENT AND EVALUATION by Marai, Awidat; Pavlović, Vladan (2014) - This paper provides and reviews the literature available on the development and assessment of such frameworks in an attempt to emphasis the various points studies should be considering when identifying earnings management. Key Words: earnings management, measurement of earnings management, aggregate accruals approach, specific accruals approach statistical, distribution approach. Keywords: accounting; accruals; approach; distribution; earnings; earnings management; jones; management; method; model; period; total
• REPUTATION AND FINANCIAL PERFORMANCES OF A COMPANY by Krstić, Bojan (2014) - The assessment of company reputation is determined by matching the behaviour and expectations/preferences of its stakeholders. Determining the relationship between reputation and financial performances means responding two questions: 1. Does company reputation have an impact on financial performance? Keywords: business; companies; company; financial; impact; journal; management; market; performances; reputation; value
• BALANCED SCORECARD AND LEAN BUSINESS CONCEPT by Stevanović, Tatjana; Novićević Čečević, Bojana (2018) - Focusing the company organization on Value stream indicates the existence of redundant workers and effort spent in company processes. Lean business concept involves eliminating all forms of waste from business processes so that the customer gets the required value. Keywords: balanced; business; business concept; company; concept; customer; lean; management; performance; perspective; processes; scorecard; stream; system; value
• A STUDY OF MULTI CRITERIA DECISION MAKING FOR SELECTING SUPPLIERS OF LINEAR MOTION GUIDE by Petrović, Goran S.; Sekulić, Vesna; Madić, Miloš; Mihajlović, Jelena (2018) - Key words: Supplier selection, MCDM, AHP, TOPSIS, Linear motion guide JEL Classification: C44, C52. The case study research done by Cieśla (2016) considers supplier selection of aluminum for a hypothetical manufacturer of transportation equipment located in Poland. Keywords: ahp; chain; company; criteria; decision; evaluation; making; management; mcdm; method; selection; supplier; supplier selection; supply; weights
• THE INFLUENCE OF PSYCHOLOGICAL CONTRACT BREACH ON JOB SATISFACTION by Milanović, Sandra; Đokić, Milica; Đorđević, Biljana (2018) - The results of the study showed that psychological contract breach negatively influences job satisfaction of employees despite the unfavorable economic conditions in which they work. In many studies it was found that psychological contract breach caused a lower trust of the employees (Robinson & Rousseau, 1994; Morrison & Robinson, 1997; Raja et al., 2004), lower commitment (Rousseau, 1990; Robinson et al. 1994; Anderson & Schalk, 1998; Robinson & Morrison, 1995; Cassar & Briner, 2011), reduced motivation (Pines, 2002; Parzefall & Hakanen, 2010), decreased performance (Turnley et al., 2003; Keywords: breach; contract; contract breach; employees; job; job satisfaction; journal; level; management; research; robinson; satisfaction; study
• JOB SATISFACTION ARTICLES - COMPARISON UPON SELECTED CRITERIA by Došenović, Dragana (2019) - Finally, when it comes to job satisfaction scales, it can be noticed that different authors identify different aspects, factors or determinants of job satisfaction. Also, characteristic of job satisfaction articles is the replication of scales from previous studies which is justified by the fact that the scales used in previous research have already been proven as reliable and valid instruments for the assessment of job satisfaction. Keywords: articles; authors; et al; human; job satisfaction; management; research; resource; scales; studies; variables; work
• THE ROLE OF INFORMATION TECHNOLOGY IN THE IMPLEMENTATION OF LEAN CONCEPT by Pavlović, Milica; Radosavljević, Marija; Milojević, Radenko (2019) - Based on the data collected (230 leading Iranian and Malaysian auto parts manufacturers participated in the study), the conclusion was that lean management and information technology are mutually dependent, and that the value of IT investments can be effectively transformed into improving business performance if there is a higher degree of implementation of lean management system. In this way, it has been proven that there is a positive link between the level of IT usage and the level of lean implementation. Keywords: application; business; correlation; enterprises; erp; implementation; information; lean; management; process; support; system; technology; value
• INSURANCE CLAIMS FRAUD IN HOMEOWNER’S INSURANCE: EMPIRICAL EVIDENCE FROM THE NIGERIAN INSURANCE INDUSTRY by Ajemunigbohun, Sunday Stephen; Isimoya, Ogochunkwu Augustine; Ipigansi, Pretoria Moun (2019) - This study examines insurance claims fraud in homeowner’s insurance with its empirical findings from the Nigerian insurance industry. What are the major sources of insurance claims fraud in homeowner’s insurance in Nigeria iv. Keywords: claims; claims fraud; companies; fraud; homeowner; industry; insurance; insurance claims; insurance fraud; insurance industry; journal; management; nigeria; research; risk; study; table
• NON-FINANCIAL BACKGROUND OF SUCCESS AROUND GLOBAL FINANCIAL CRISIS – EVIDENCE FROM EASTERN EUROPE by Andor, Gyorgy; Toth, Tamas (2019) - Non-financial firm characteristics data of 218 non-listed Central and Eastern European companies come from a survey in 2006 which focused on the capital budgeting practices and other characteristics of firms – such as presence of Western management culture, firm size, and extent of management ownership. We know more and more about what capital budgeting methods companies are using around the world (Graham and Harvey (2001), Brounen et al. (2004), Arnold and Hatzopoulos (2000), Holmén and Pramborg (2009), Daunfeldt and Hartwig (2014), Liljeblom and Vaihekoski (2004), Hermes et al. (2007), Truong et al. (2008), Maquieira et al. (2012), Mendes-Da-Silva and Saito (2014), Correia and Cramer (2008), Singh et al. (2012), Kester et al. (1999), Hernadi and Ormos (2012), Andor et al. (2015)). Keywords: budgeting; capital; companies; crisis; culture; difference; firms; indicators; management; methods; ownership; post; western
• COMPENSATION MANAGEMENT AND EMPLOYEES’ MOTIVATION IN THE INSURANCE SECTOR: EVIDENCE FROM NIGERIA by Adeoye, Abayomi Olarewaju (2019) - Specifically, inferences on employee motivation. The weak or insignificant relationship between compensation management and employee motivation can be improved upon by management through reviewing the pay packages of the employees, making sure that there is equitable pay structure in line with similar industries, and that overtime payment should be adequately worked on. Keywords: business; compensation; compensation management; employees; financial; industry; insurance; job; journal; management; motivation; nigeria; overtime; pay; performance; research; review; reward; salary; satisfaction; study; workers
• CONTEMPORARY DATA ANALYSIS TECHNIQUES FOR ONLINE REPUTATION MANAGEMENT IN HOSPITALITY AND TOURISM by Grljević, Olivera; Bošnjak, Zita; Bošnjak, Saša (2019) - Responding to negative online reviews: The effects of hotel responses on customer inferences of trust and concern. Uncovered knowledge from online reviews provides a chance to take advantage of the strong points, and correct the shortcomings through timely corrective measures and actions. Keywords: analysis; association; bošnjak; classification; data; hospitality; hotel; information; management; opinion; ratings; reviews; rules; sentiment; sentiment analysis; techniques; tourism
• HOW HIGH ARE THE PERFORMANCES OF ORGANIZATIONS OPERATING IN SERBIA? by Miletić, Vuk; Miletić, Slavomir; Berber, Nemanja (2019) - Table 3 shows that the majority of respondents stated they were not sure whether there are domestic high performance organizations, 13.2% stated there are none, and 33.8% stated that there are high performance organizations. Developed countries have an adequate business environment and a climate suitable for successful operation of high performance organizations (HPO) (Waal, 2012c). Keywords: business; extent; hpo; level; management; market; miletić; operation; organization; performance; performance organization; research; serbia
• GLASS CEILING PHENOMENON IN TRANSITION ECONOMIES - THE CASE OF SOUTH EASTERN SERBIA by Stošić, Danijela; Stanković, Jelena; Janković Milić, Vesna; Radosavljević, Marija (2015) - Table 6 Average share of high educated women in different business sectors Sector Construction Recycling and ecology Industry Service companies Average Women’s share in high educated employees 35.60% 54.22% 48.76% 51.63% 49.47% Table 1 Gender composition of graduated students by level of studies Level of studies % of graduated women students (Republic of Serbia) % of graduated women students (Region of the South Eastern Serbia) Keywords: business; ceiling; gender; glass; level; management; positions; serbia; south; women
• SPECIFICITY OF PERFORMANCE MEASUREMENT IN THE MINISTRY OF DEFENSE AND THE SERBIAN ARMED FORCES by Stevanović, Tatjana; Antić, Ljilja; Savić, Aleksandar (2019) - In addition to financial performance measures, the use of non-financial performance measures is extremely important to provide a complete picture of the Ministry of Defense in the security sector on the results achieved. One of the key reasons for boosting and monitoring non-financial performance measures, in addition to improving financial performance measures, is the clearer articulation of the goals of the Ministry of Defense and their linking to the strategy (Novićević et al., 2006). Keywords: defense; forces; indicators; management; measures; ministry; organizations; percentage; performance; performance measures; public; sector; security; system; training
• THE INVESTIGATION OF THE INFLUENCE OF PSYCHOLOGICAL CONTRACT TYPES ON ORGANIZATIONAL CITIZENSHIP BEHAVIOUR by Simić, Ivana; Đorđević, Biljana; Milanović, Sandra (2019) - Organizational citizenship behaviour represents the behaviour of the employees that goes beyond their duties. Since that there are two basic forms of contracts, relational and transactional, the aim of this paper is to investigate the relationship between these types of psychological contract and organizational citizenship behaviour. Keywords: behaviour; citizenship; contract; doi; employees; journal; management; ocb; organization; relationship; research; types
• RELATION BETWEEN JOB SATISFACTION OF EMPLOYEES AND THEIR PERSONALITY DIMENSIONS ACCORDING TO THE ‘BIG FIVE’ THEORY by Nedeljkovic Knezevic, Milena; Mijatov, Maja; Dragin, Aleksandra; Nedeljkovic, Sladjana (2020) - Agreeableness is also an important predictor of job satisfaction, according to Judge et al. (2017), since high score of this personality dimension implies motivation for achieving high degree of interpersonal closeness, which could further contribute to overall job satisfaction. Perception and cognition have an important role in different theories related to job satisfaction, which are suggesting that an individual with high neuroticism perceives the environment as generally negative, which might cause negative job experience and low job satisfaction among these employees (Fiori et al., 2015; Judge et al., 2017). Keywords: business; dimensions; employees; et al; facets; individual; job satisfaction; journal; management; organization; personality; personality dimensions; relations; research; results; years
• THE IMPORTANCE OF LEAN MANUFACTURING AND SIX SIGMA CONCEPT FOR QUALITY MANAGEMENT OF SUPPLY CHAIN BUSINESS PROCESSES by Stojanović, Jovana; Milovanović, Goran (2020) - To reduce the variability of supply chain business processes, it is first necessary to determine the Cp process capability indicators (precision index or process potential index), Cpk (capability index) and Cpm (machine potential capability) and define the relationships between them. Key words: lean manufacturing, six sigma, lean supply chain, business process, delivery precision JEL Classification: L15, M11, M16 INTRODUCTION Fast and unpredictable changes in the business environment require companies to constantly struggle to gain and maintain a competitive edge. Keywords: business; chain; companies; concept; delivery; management; performance; process; processes; quality; sigma; sigma concept; supply; supply chain; time
• NEEDS AND SPECIFICS OF ENSURING EFFECTIVE INTERNAL AUDIT by Djukic, Tadija; Djordjevic, Milica (2015) - Key Words: internal audit, internal audit effectiveness, measures of effectiveness, factors of effectiveness INTRODUCTION Internal audit planning The effectiveness of internal audit is largely determined by the focus of its work on the planned tasks. Keywords: activities; audit; auditors; business; company; effectiveness; improvement; level; management; measures; number; work
• THE IMPACT OF BRAND VALUE ON MARKET PERFORMANCE INDICATORS OF HIGH-TECHNOLOGY ENTERPRISES by Jovanović, Milica; Krstić, Bojan; Milanović, Sandra (2021) - Brand value as a determinant of market performance indicators Many studies indicate the impact of brand value on the enterprises's business performance, both financial (Yoo et al., 2000; Kim et al., 2003; Yeung & Ramasamy, 2008; Mohan & Sequeira, 2013; Mizik, 2014; Arora & Chaudhary, 2016; Veljković & Kaličanin, 2016) and market performance (Barth et al., 1998; Kerin & Sethuraman, 1998; Yeung & Ramasamy, 2008; Mohan & Sequeira, 2013; Hsu et al., 2013; Kirk et al., 2013; Krstić, 2014, p. 196; Mizik, 2014; Arora & Chaudhary, 2016; Topuz & Akşit, 2016; Brand value can be considered an intangible asset of an enterprise, whose impact on the market performance indicators must be taken into account. Keywords: brand; brand value; capitalization; enterprises; equity; impact; journal; management; market; market performance; performance; ratio; tobin; value
• EXPLORING THE DIVERSITY WITHIN THE WORKPLACE OF SMALL FIRMS IN KOGI STATE, NIGERIA by Nafiu, Akeem Tunde; Alogwuja, Unekwu Cynthia; Enimola, Dare Joseph (2021) - Among different human resource management issues, workforce diversity has received a considerable, conceptual, and empirical attention in organizational area. The finding of Ibidunni et al. (2018) revealed that “workforce diversity significantly influences job satisfaction and commitment” (p.1052). Keywords: age; background; diversity; employees; firms; job; kogi; kogi state; management; organization; outcomes; performance; satisfaction; value; workforce
• THE NIGERIAN INSURANCE INDUSTRY COMPETITIVE ADVANTAGE: THE ROLE OF INNOVATION CAPABILITY by Adebisi, Sunday Abayomi; Odiachi, Joyce M.; Sulaimon, Abdul-Hammed A. (2021) - The findings revealed innovation capability had a significant influence on competitive advantage. According to Iddris (2016), latest changes in technology, market conditions as well as variations in consumer preferences, have shown the importance of innovation capability to an organisation and its survival. Keywords: advantage; business; capability; companies; firm; industry; innovation; innovation capability; insurance; journal; management; organisation; study; technology
• COST REDUCTION STRATEGY – PROCESS AND EFFECTS by Figar, Nadica; Ivanović, Vladimir (2015) - Key Words: cost reduction strategy, stages in cost reduction, tools for cost reduction, program of layoffs, corporative culture. Implementation of cost reduction strategy Apart from the existence of good ideas and suggestions for cost reduction, their adequate implementation is also very important. Keywords: business; cost; cost reduction; employees; enterprise; management; new; program; reduction strategy; strategy; tools
• ANALYSIS OF LIMITATIONS OF ISO STANDARDS IMPLEMENTATION FROM THE EXTERNAL STAKEHOLDERS’ POINT OF VIEW by Dreković, Edisa; Radosavljević, Marija; Bejtović, Melisa (2021) - The paper identifies 12 limitations of implementation ISO 9001. Bounabri et al. (2018) in an empirical study on Barriers to ISO 9001 implementation Moroccan organizations, which included 115 companies, gave the following restrictions in implementation ISO 9001: 1. Keywords: analysis; barriers; employees; implementation; iso; iso standards; lack; limitations; management; process; quality; requirements; research; standards
• VALUE-BASED MANAGEMENT, LONG TERM SUSTAINABILITY AND CORPORATE SOCIAL RESPONSIBILITY by Malinić, Dejan (2021) - For example, the payment of too high dividends, excessive borrowing, the implementation of high-risk projects and similar activities may lead to shareholder value creation, but they may also expose creditors to a greater risk and jeopardize their interests. However, putting a strong focus on shareholder value creation does not necessarily mean ignoring the interests of other stakeholders. Keywords: companies; company; creation; interests; management; measures; responsibility; stakeholders; sustainability; value; vbm
• FLOOD RISK VULNERABILITY VISUALIZATION FOR SUSTAINABLE RISK MANAGEMENT - THE CASE OF SERBIA by Stanković, Jovica; Tomić, Zoran; Gocić, Milan (2021) - 1 Distribution of meteorological stations in Serbia Source: Author’s illustration based on data obtained from Republic Hydrometeorological Service of Serbia Data for the analysis of disasters are obtained from the DesInventar database which provides disaster loss data for Sustainable Development Goals and which is developed under supervision of United Nations Office for Disaster Risk reduction (UNISDR). It is an open-source software, Flood Risk Vulnerability Visualization for Sustainable Risk Management – The Case of Serbia 491 free of charge, with aim to provide disaster loss data for Sustainable Development Goals. Keywords: analysis; data; disasters; distribution; floods; losses; management; precipitation; republic; risk; serbia; spatial
• EARNINGS MANAGEMENT AND ITS RELATIONS WITH CORPORATE SOCIAL RESPONSIBILITY by Almahrog, Yousf; Marai, Awidat; Knežević, Goranka (2016) - Chen, Y., Chen, C.H., Huang, S.L.(2010) An Appraisal of Financially Distressed Companies‟ Earnings Management: Evidence from Listed Companies in China, Pacific Accounting Review, Vol. 22 Deegan, C. (2002): Introduction: The Legitimising Effect of Social and Environmental Disclosures - A Theoretical Foundation, Accounting, Auditing & Accountability Journal, Vol. 15 (3):282-311. 11. Keywords: accounting; csr; earnings; et al; information; management; managers; vol
• SOCIAL RESPONSIBILITY AS A FACTOR OF SUCCESSFUL MANAGEMENT OF ENTERPRISES IN SERBIA: A CASE STUDY by Marković, Sanja; Miletić, Vuk (2016) - 237 - 248 SOCIAL RESPONSIBILITY AS A FACTOR OF SUCCESSFUL MANAGEMENT OF ENTERPRISES IN SERBIA: A CASE STUDY  UDC 005.35 Sanja Marković 1 , Vuk Miletić 2 1 Polytechnic school of vocational studies Zvečan, Serbia 2 University Union Nikola Tesla Belgrade, Faculty of Construction Management, Serbia Abstract. 1. SOCIAL RESPONSIBILITY AS A FACTOR OF SUCCESSFUL MANAGEMENT OF ENTERPRISES: THEORETICAL BASIS Corporate social responsibility began to develop during the 60s and 70s of the last century when there arose the awareness of issues such as equal opportunities for all, racial equality, safety and health in the workplace. Keywords: business; care; community; employees; enterprise; environment; leposavić; lola; management; managers; responsibility; strategy

• THE CHALLENGES IN AUDITING FINANCIAL STATEMENTS AT FAIR VALUE CONCEPT (FVC) IN DEVELOPING ECONOMIES: THE CASE OF REPUBLIC OF SERBIA by Bonić, Ljiljana; Janković-Milić, Vesna; Rupić, Bojan (2022) - The research confirmed that the problems of auditors in Serbia in the audit of FV estimates are generated by inefficient capital markets, and that they are primarily in the field of FV assessment which are connected to the impossibility of applying the market model and higher volatility of FV financial statements, as well as those in the field of auditing techniques used in providing assurance on the objectivity of FV assessments in various business activities, which requires additional training of auditors. Auditors face challenges posed by the effects of applying the FVC in a) evaluating FV estimates in Serbia and b) selecting techniques and procedures in auditing FV financial statements. Keywords: accounting; assets; auditing; auditors; challenges; estimates; factor; fvc; inputs; market; measurement; serbia; statements; techniques; value
• QUALITATIVE FEATURES OF WOMEN’S ENTREPRENEURIAL ACTIVITY IN THE REPUBLIC OF SERBIA: THE SECTORAL DISTRIBUTION PERSPECTIVE by Stošić Panić, Danijela (2022) - Given the importance of the qualitative structure of the entrepreneurial activity for business success of women entrepreneurs, on the one hand, and the lack of statistically based conclusions on the structure of women’s entrepreneurship in the Republic of Serbia, on the other hand, the aim of this study is to statistically test the hypotheses about female entrepreneurs’ overrepresentation in Serbian service sector. In addition to the quantitative aspect of research and support for women entrepreneurs, it is very important to firstly understand and then to improve the qualitative structure of women's entrepreneurial activity. Keywords: activity; business; data; entrepreneurship; female; gender; journal; qualitative; republic; research; sector; serbia; structure; study; women; women entrepreneurs
• COMPARATIVE ANALYSIS OF WORK-LIFE BALANCE IN FYR MACEDONIA, MONTENEGRO AND SERBIA by Golubović, Nataša; Golubović, Srđan (2016) - For all of the mentioned categories women on average spend more hours doing unpaid work compared to men, which certainly reflects on the balance between work and private life. Within the same working time arrangements, women expressed more difficulties in reconciling work and private life as a result of their greater engagement in unpaid work compared to men. Keywords: balance; employees; family; fyr; life; life balance; macedonia; montenegro; serbia; time; women; work; working
• CONSUMERS’ KNOWLEDGE OF PRODUCTS WITH GEOGRAPHICAL INDICATIONS IN SERBIA by Užar, Dubravka (2022) - Consumer knowledge about food products is an important determinant of choice in the purchasing process. Data processing In the data analysis, descriptive statistics and analysis of variance (ANOVA) were used in order to test the difference in consumer knowledge according to labels on food products according to socio-demographic features. Keywords: characteristics; consumers; food; gis; indications; knowledge; label; level; origin; products; quality; research; respondents; serbia
• TRADITION AND CULTURE AS THE BASE FOR THE TOURISM PRODUCT: CASE OF UNESCO INTANGIBLE HERITAGE by Pantović, Danijela; Cvijanović, Drago; Cvijanović, Gorica; Šobić, Ljiljana (2023) - Cultural tourism, of which cultural heritage tourism is part (Du Cros, 2001) is one of the fastest growing components of tourism in many countries (Çela et al., 2009), as is the case of Serbia. Due to the growth of mass tourism, cultural heritage tourism is endangered and a serious approach to preserving the sustainability of this specific and rare type of tourism is needed (Loulanski & Loulanski, 2011). Keywords: cultural; culture; dance; destination; folklore; heritage; interest; motivation; research; respondents; serbia; study; tourism; tourists; tradition; travel; unesco
• AGRI-FOOD PRODUCTS QUALITY AS EXPORTS COMPETITIVENESS DETERMINANT OF THE REPUBLIC OF SERBIA by Dimitrijević, Miloš; Ristić, Lela; Despotović, Danijela (2023) - Products quality and safety are important determinants of countries' export competitiveness. The unit value (UV) index, as a measure of product quality, is used to analyse the quality of the most important agri-food products on the most important export markets, with using secondary ITC data. Keywords: agri; agricultural; competitiveness; export; food; food products; food quality; fruit; production; products; products quality; quality; republic; safety; sector; serbia; standards; trade; value
• ANALYSIS OF MACHIAVELLIAN BEHAVIOR OF STUDENTS IN THE REPUBLIC OF SERBIA by Simić, Ivana; Marinović Matović, Ivana; Stojković, Nebojša (2016) - Some of the most common are: lying, stealing, gossip, sabotage, the decline in satisfaction level of organizational members, the increase of stress level (Dahling, Kuyumcu, Librizzi, 2012, 184-188), violation of organizational climate of trust, the decline in civic behavior level of organizational members (Backer, O’Hair, 2007, 248), strengthening of political behavior within organizations (Drory, Gluskinos, 1980, 82), etc. The mixed results of this study point to the conclusion that economic development of a certain country (expressed by GDP per capita) could not be a base for reliable conclusion regarding the potential expression level of Machiavellian behavior of state’s population. Keywords: behavior; level; machiavellianism; population; republic; research; serbia; states; students; united
• MEASURING COMPANIES’ BUSINESS PERFORMANCE IN THE REPUBLIC OF SERBIA USING COMPOSITE INDICES by Novićević Čečević, Bojana; Antić, Ljilja; Đorđević, Milica (2024) - The authors of the paper explore the measurement of company performance in the Republic of Serbia using composite indices as part of multivariate analysis. In this context, composite indices are becoming an increasingly significant tool that enables integrated evaluation of company performance. Keywords: analysis; assets; business; companies; company; data; index; indicators; indices; performance; positions; ranking; serbia; variables
• AUDITORS’ TENDENCY TO ISSUE GOING CONCERN OPINIONS: EVIDENCE FROM SERBIAN CAPITAL MARKET by Stojanović, Jovana (2025) - An analysis of determinants of going concern audit opinion: Evidence from Spain stock exchange. The authors also note that the number of United States (US) companies that received going concern opinions increased by 5% in 2022 compared to the previous year, leading to a going concern rate of 23.4% in 2022, the highest recorded since 2012. Keywords: audit; auditor; companies; company; concern; firms; going; issue; maos; market; number; opinion; period; reporting; reports; research; serbia; statements
• THE IMPACT OF MACROECONOMIC INDICATORS ON BROWNFIELD INVESTMENT IN SERBIA by Radevic, Borislav; Kurtović, Safet; Siljković, Boris (2016) - The research hypotheses are as follows: Hypothesis : Positive macroeconomic indicators do not have a significant impact on attracting foreign brownfield investments in Serbia or . We have also set an alternative hypothesis stating that macroeconomic indicators have an impact on attracting foreign brownfield investments in Serbia or . Keywords: brownfield; brownfield investments; brownfield sites; gdp; hypothesis; impact; inflow; investments; rate; research; serbia; sites
• IMPACT OF INNOVATION ON EMPLOYMENT AND INCOME OF SMALL AND MEDIUM-SIZED ENTERPRISES IN THE REPUBLIC OF SERBIA by Cvetanović, Dušan; Nikolić, Miroljub; Pokrajac, Slobodan (2016) - The division of enterprises according to the size is done in accordance with international recommendations, based only on the number of employees, in the following way: 0 to 9 employees characterize micro enterprises, 10 to 49 employees characterize small enterprises, 50 to 249 employees characterize medium-sized enterprises, while enterprises with more than 250 employees are large enterprises. In the United States, according to the National Science Foundation of the United States, small enterprises are 2.5 times more innovative and 24 times more efficient in their innovation activities than large enterprises (in enterprises with up to 500 employees, each dollar invested in scientific research activities gives 24 times more new inventions than in large enterprises with more than 10,000 employees), while innovation is commercialized one year faster, with 25% lower costs (WIPO, 2008, 7). Keywords: data; employees; employment; enterprises; gva; income; innovation; number; period; research; serbia; small; smes
• MODELING MONTHLY INFLATION IN THE REPUBLIC OF SERBIA, MEASURED BY CONSUMER PRICE INDEX by Kostić, Zorana; Lepojević, Vinko; Janković-Milić, Vesna (2016) - Seasonal ARIMA models include seasonal and non-seasonal factors in the multiplicative model according to the following formula: Seasonal ARIMA model to Nigerian consumer price index data, American Journalof Scientific and Industrial Research, 3(5): 283-287 doi:10.5251/ajsir.2012.3.5.283.287 5. Keywords: arima; consumer; forecasting; index; inflation; model; period; price; rate; republic; serbia; series; time; values
• MEASURING MARKET CONCENTRATION IN MOBILE TELECOMMUNICATIONS MARKET IN SERBIA by Krstić, Bojan; Radivojević, Vladimir; Stanišić, Tanja (2016) - Analysis of these values shows that the highest degree of market concentration is recorded in 2009, and the lowest in 2014, but also that there is a trend of constant decline of market concentration degree from 2009 to 2014. Nevertheless, the degree of market concentration varies from country to country. Keywords: concentration; hhi; index; market; market concentration; market share; mobile; number; serbia; telecommunications; telecommunications market; value
• ECONOMIC EFFECTS AND REGULATORY LIMITS IN IMPLEMENTATION OF ENVIRONMENTAL TAXES by Magdalinović Kalinović, Marija; Radukić, Snežana (2017) - Environmental taxes based on the principle “the polluter pays”, within the system of fiscal measures, present the basic instruments of environmental protection. The member states of the European Union (EU) belong to a group of the leading countries in the implementation of environmental taxes. Keywords: compensation; environment; field; implementation; instruments; pollution; protection; republic; resources; revenues; serbia; system; taxes
• STRUCTURAL CHANGES AND COMMODITY EXPORTS INCREASE OF THE REPUBLIC OF SERBIA by Radisavljević, Goran; Đorđević, Bojan; Milovanović, Goran (2017) - In the period from 2005 to 2014 the increase of global exports was larger than the increase of global production and the global GDP. Immediately before the outbreak of the world economic crisis (2007) the largest growth in the structure of global exports had industrial products (8%), whereas the global export of agricultural produce increased by 5.5%. Keywords: exports; global; growth; increase; production; products; republic; serbia; share; structure; trade
• PROFITABILITY ANALYSIS OF MEAT INDUSTRY IN SERBIA by Mijić, Kristina; Zekić, Stanislav; Jakšić, Dejan (2017) - The results indicate that meat processing companies do not use additional debt in investment that will increase profitability ratio. Table 2 shows descriptive statistics of the dependent and independent variables of profitability for meat processing companies for the period 2011-2015. Keywords: assets; companies; growth; industry; meat; processing; profitability; ratio; serbia
• INTERNATIONALIZATION OF RETAIL – COMPARATIVE ANALYSIS OF CROATIA AND SERBIA by Sokolov Mladenović, Svetlana; Ćuzović, Đorđe (2017) - Comparison of retail internationalization in Poland and Croatia. The share of international retail companies, as well as their sales activity (in %) on the Croatian market, can be seen in Graphs 1 and 2. Keywords: activities; companies; croatian; internationalization; market; new; number; retail; sales; serbia; share; total; trade
• MONEY MULTIPLIER IMPACT ON INFLATION IN REPUBLIC OF SERBIA by Perović, Dušan; Đorđević, Marina (2017) - In the third chapter, money multiplier impact on basic inflation in Serbia is analyzed with proper statistical procedures. Money multiplier analysis must include determinants that cause certain behavior of banking and non-banking subjects, since they can provide better view into money supply structure (Kožetinac, 2009., p.573). Keywords: central; core; correlation; impact; inflation; monetary; money; multiplier; serbia; supply
• MACROECONOMIC DETERMINANTS OF ECONOMIC GROWTH IN SERBIA by Milenković, Ivan; Kalaš, Branimir; Andrašić, Jelena (2017) - The trend of GDP in Serbia from 2001 to 2015 Source: National Bank of Serbia Based on Figure 1, it can be concluded that Serbia had high growth rates until 2008 after which there is a steep decline in 2009, when it stood at -3.8 From 2001 to 2009 Romania had higher economic growth which it accompanied by a lower level of inflation. Keywords: correlation; fdi; gdp; growth; inflation; level; rate; relationship; serbia
• CONCENTRATION EFFECT ON THE EFFICIENCY OF BANKING SECTOR IN THE REPUBLIC OF SERBIA by Eraković, Eva (2017) - Their measure of bank efficiency, the net interest margin is not necessarily an indicator of the actual level of competitiveness on the market, but it can demonstrate other factors, such as market power and risk appetite. The theory provides conflicting forecasts about the relationship between regulations, concentration, institutions and bank efficiency. Keywords: banking; banking sector; banks; concentration; efficiency; market; republic; sector; serbia; total
• ECONOMIC SYSTEM IN THE CONSTITUTIONAL STRUCTURE OF THE REPUBLIC OF SERBIA by Purić, Sveto; Djordjević, Srdjan (2014) - Before presenting the normative analysis of the provisions of the Republic of Serbia Constitution that regulate economic rights and freedoms, we would like to point to an interesting fact from the global constitutional map. In this way we can explore the structural composition of these texts and discover that 82 constitutions include separate normative sections that regulate economic rights and freedoms, which constitutes almost one half of all global constitutions (www.constitutteproject.org). Keywords: analysis; constitution; issues; law; republic; rights; serbia; state; system
• CONCENTRATION RISK FOR PLACED ASSETS BY THE LARGEST BANKS IN SERBIA by Spahić, Nataša; Tomić, Petar (2014) - Only mining and processing industries, traffic, tourism, hospitality and service activities have had a constant growth over all of the three years The interesting fact is that largest Serbian banks have been continuously increasing their investments in the entrepreneurs sector during the observed period, which we can see in Figure 3: Fig. The aim of the research is to illustrate in which industries Serbian banks are investing assets in times of economic crisis, as well as the maturity of those investments and the geographic area which they prefer. Keywords: banks; concentration; finansijski; industry; investments; loans; maturity; risk; serbia
• CAUSALITY BETWEEN EXCHANGE RATES AND FOREIGN EXCHANGE RESERVES: SERBIAN CASE by Marjanović, Ivana; Marković, Milan (2019) - Table 1 Calculated ADF statistics Nominal exchange rate Real exchange rate Foreign exchange reserves no trend trend no trend trend no trend trend level -1.538 443 - 459 https://doi.org/10.22190/FUEO1904443M © 2019 by University of Niš, Serbia | Creative Commons Licence: CC BY-NC-ND Preliminary Communication CAUSALITY BETWEEN EXCHANGE RATES AND FOREIGN EXCHANGE RESERVES: Keywords: break; causality; cointegration; exchange rate; exchange reserves; foreign; granger; level; nominal; rates; relationship; results; run; serbia; series; test; time
• JOB SATISFACTION OF ACADEMIC STAFF IN THE HIGHER EDUCATION SYSTEM OF SERBIA: A PILOT STUDY by Slavić, Agneš; Avakumović, Julija; Berber, Nemanja (2019) - Key words: higher education, job satisfaction, job satisfaction of academic staff, general job satisfaction, partial job satisfaction JEL Classification: I23, J28, M54 Received September 03, 2019 / Accepted October 07, 2019 The aim of this paper is to determine the level of job satisfaction of academic staff at higher educational institution in Serbia, through the level of general job satisfaction, as well as to determine the level of partial satisfaction concerning the nature of work, co-workers, pay, promotion, fringe benefits, contingent rewards, communication, supervision, and working conditions. Keywords: college; education; employees; experience; institution; job satisfaction; research; results; serbia; staff; system; work; years
• ECONOMIC ASPECT OF ELECTRONIC CIRCUIT DESIGN AND MANUFACTURING IN REPUBLIC OF SERBIA by Milić, Miljana Lj.; Marković, Ivan B.; Milojković, Jelena B. (2015) - The fact that the electronic circuits’ industry affected and affects all areas of social development, requires the establishment of the correlation between electronic circuit design and manufacturing, and economics in general. In this paper we have tried to analyze all economic aspects of electronic design and manufacturing. Keywords: circuit; cost; design; devices; industry; investment; manufacturing; market; product; serbia; system; testing
• POPULATION ATTITUDES TOWARDS COMMITTING FRAUD IN SERBIAN COMPANIES by Dimitrijević, Dragomir; Cvetković, Dragan; Čudan, Aleksandar (2020) - On the other hand, financial statements frauds are the rarest type of fraud, but are the most dominant in terms of the average value of individual damage. Also, the survey results indicate that citizens do not consider financial statements fraud to be dominant, but it should be borne in mind that in practice this form of manipulation not only creates the greatest financial losses but is also the most difficult to detect and prevent. Keywords: business; companies; control; fraud; model; pressure; public; question; respondents; results; serbia
• ANALYSIS OF PERFORMANCE TO DIRECT TAXES IN THE TAX SYSTEM OF THE REPUBLIC OF SERBIA by Djordjević, Marina Svetislav (2015) - A mixed system of income tax means schedular taxation of individual income and annual taxation of total income for persons who earn income in excess of the statutory. This means that the current system of income tax in Serbia taxes two persons with similar economic power by significantly different tax burden, depending on the structure of their income. Keywords: income; income tax; rates; revenue; serbia; system; tax; tax system; taxation; taxes
• MEASURING SUPPLY CONCENTRATION ON THE SERBIAN OIL AND OIL DERIVATES MARKET BY HERFINDAHL-HIRSCHMAN INDEX by Veselinović, Milan; Radukić, Snezana (2021) - If the level of concentration of the four largest companies in the relevant market is methodologically accurate, the difference in the size of market share between all companies in the relevant market is accurate, as well as the uneven distribution of market shares between companies, the image of the level of competition restrictions in the relevant market can be much clearer. Mathematically speaking, according to Kostić, „HHI represents a convex function of market shares, so it is very sensitive to inequality in the distribution of market share“, (Kostic, 2013, p. 122). Keywords: analysis; companies; competition; concentration; data; index; market; market share; oil; oil companies; oil derivatives; serbia; share; supply; table

• THE IMPACT OF R&D ACTIVITY ON THE BUSINESS PERFORMANCE OF HIGH-TECHNOLOGY COMPANIES by Janjić, Ivana; Krstić, Bojan; Milanović, Sandra (2022) - The link between R&D investments, RDI, Return on R&D investment and Profitability Since the 1970s and 1980s, various studies have been conducted to determine the relationship between R&D expenses and corporate profitability (Branch, 1974; Schoeffler, 1977; Hirschey, 1982; Roberts & Hauptman, 1987; Grabowski & Mueller, 1988). While R&D investments have a negative effect on ROA indicators, the positive influence of return on R&D investment (RORDI) on ROA could be justified by the lag period. Keywords: assets; business; companies; company; earnings; effect; impact; influence; investments; journal; model; performance; profitability; r&d; r&d activity; r&d investment; rdi; research; return; variable
• THE INFLUENCE OF RESEARCH AND DEVELOPMENT AND PATENT ACTIVITY ON BUSINESS PERFORMANCE: THE CASE OF HIGH-TECHNOLOGY COMPANIES by Jovanović, Marija; Krstić, Bojan; Radjenović, Tamara (2023) - The purpose of the work is to determine the impact of R&D activities and patent activity on the business performance of high-tech companies with the largest number of patent applications according to the records of the World Intellectual Property Organization (WIPO). Key words: R&D activity, patent activity, business performance, high-technology companies JEL Classification: O32, O34 INTRODUCTION Keywords: activity; applications; business; companies; effect; impact; influence; market; model; number; patent; performance; r&d; research; year
• APPLICATION OF XBRL-a IN THE FUNCTION OF IMPROVEMENT OF QUALITY OF FINANCIAL REPORTING IN MONTENEGRO by Martić, Vladan (2016) - Considering the fact that the process of tagging of XBRL data is a labor-intensive task, however, we can point out a whole range of benefits (Bergeon, 2003; Watson, 2010; Hawes, 2013; Hoffman, 2010) regarding the creators of information:  At the end of the nineties of the last century the eXtensible Business Reporting Language – XBRL appeared, which has been one of the most important technological innovations in financial reporting, collection and exchange of data since the invention of electronic spreadsheets. Keywords: accounting; application; business; business information; companies; data; exchange; implementation; information; montenegro; new; quality; reporting; standard; statements; xbrl; xbrl standard
• THE NIGERIAN FINANCIAL SYSTEM: THE NEXUS BETWEEN REINSURANCE CEDED AND EQUITY FINANCING IN THE NON-LIFE INSURANCE SECTOR by Ukpong, Mfon Sampson; Obalola, Musa Adebayo; Adeleke, Ismail (2025) - It hypothesizes that there is no significant relationship between reinsurance ceded and equity in non-life insurance companies in Nigeria. It is concluded that reinsurance utilization impinges on equity financing in non-life insurance companies. Keywords: business; capital; companies; effect; equity; financing; industry; insurance companies; insurers; life; nigeria; reinsurance; reinsurance utilization; relationship; risk; solvency; study; underwriting; utilization; variables
• ANALYSIS OF THE DEGREE OF APPLICATION OF ELECTRONIC AND MOBILE TRADE IN AIRLINE SECTOR by Gašić, Marko; Ivanović, Vladan; Perić, Goran (2016) - Sismanidou, A., Palacios, M. and Tafur, J. (2009) Progress in airline distribution systems: The threat of new entrants to incumbent players, Journal of Industrial Engineering and Management, 2(1), pp. 251-272. Key words: ICT in airlines sector, online reservations of air tickets, mobile commerce in airlines sector, global distribution system. Keywords: airline; business; commerce; companies; distribution; information; internet; mobile; sector; services; system; tickets; website
• PROTECTION OF COMPETITION IN THE OIL AND OIL DERIVATES MARKET IN THE REPUBLIC OF SERBIA by Veselinovic, Milan; Radukić, Snežana; Stanojević, Jelena (2016) - Otherwise, there are a number of indicators that provide a relative image of market concentration within one agricultural branch. The levels of market concentration - the value of the Herfindahl-Hirschman Index of concentration Values of HHI Degree of supply HHI < 1,000 (0.1) Low concentration of supply 1,000 (0.10) < Keywords: companies; concentration; derivatives market; index; indicators; market; market share; oil; oil companies; oil derivatives; oil market; table; value
• CORRELATION BETWEEN OIL AND U.S. STOCK PRICES, WHAT COMPANIES ARE RESILIENT THE MOST IN ENERGY SECTOR by Marchitelli, Antonio; Kamenković, Sandra; Grubišić, Zoran (2016) - Their results provide some evidence that oil future prices have a direct impact on oil sector stock prices. In this paper we examine the statistical correlation of oil prices (Brent) and US energy sector stocks for the past five years (2011-2015). Keywords: brent; companies; correlation; data; energy; oil; period; prices; sector; series; stock
• THE NEW JOB POSITIONS FOR WORKING WITH BIG DATA TECHNOLOGIES AND THEIR PLACEMENT IN COMPANIES WORLDWIDE: EVIDENCE FROM EMPIRICAL RESEARCH by Lukić, Jelena M (2016) - Beside that, kind request was sent to companies which are engaged in the implemenation of Big Data technology to forward the questionnaire to their clients (companies in which they implemented Big Data technologies). The new job positions established in companies for working with Big Data technologies Job Positions for Big Data Technologies Number of responses Data Scientist 154 Data Engineer 146 Big Data Architect 132 Predictive Analytics Developer 98 Head of Big Data and Analytics 97 Hadoop Developer 93 Data Strategist 69 Digital Marketing Expert 58 Chief Data Officer 57 Social Media Expert 50 Chief Analytics Officer 48 Data Explorer 43 Data Governance and Ethics Professional 38 Data Steward 35 Chief Digital Officer 33 Company uses the services of external consultants for Big Data technologies 33 Data Hygienist 17 The New Job Positions for Working with Big Data Technologies and their Placement in Companies Worldwide 307 Keywords: companies; data; data technologies; employees; job; knowledge; new; positions; skills; technologies; work
• THE IMPACT OF BIG DATA TECHNOLOGIES ON COMPETITIVE ADVANTAGE OF COMPANIES by Lukić, Jelena (2017) - The aim of this paper is to examine the impact of Big Data technologies on competitive advantage of the companies that use them. The aim of this paper is to examine the impact of Big Data technologies on competitive advantage of the companies that use them. Keywords: analytics; big; business; companies; data; data technologies; decision; impact; new; technologies; tools
• FOREIGN DIRECT INVESTMENT IMPACT ON MARKET CONCENTRATION IN THE MANUFACTURING SECTOR OF BOSNIA AND HERZEGOVINA by Kastratović, Radovan (2018) - The results suggest that the impact of foreign direct investment on market concentration can best be described with a convex function. Key words: foreign direct investment, market concentration, competition JEL Classification: F21, F23, L11 INTRODUCTION Foreign direct investment may have different sorts of impact on the host economy: the increase in output, employment and export, the transfer of new technologies and knowledge and the growth of productivity. Keywords: bosnia; companies; effect; herzegovina; impact; industries; investment; manufacturing; market concentration; markets; model; research; results
• ANALYSIS OF VARIATIONS IN PROFITABILITY AND INDEBTEDNESS OF AGRICULTURAL COMPANIES IN AP VOJVODINA by Mirović, Vera; Kalaš, Branimir; Mijić, Kristina (2019) - The measurement of agricultural companies in terms of profitability and indebtedness enables a real determination of the role and position of these companies in the agricultural sector in AP Vojvodina. The aim of the paper is to show the presence or absence of significant difference in the performance level of agricultural companies from the aspect of profitability and indebtedness. Keywords: companies; employee; indebtedness; period; profitability; vojvodina
• DEVELOPING A MODEL TO PREDICT CORPORATE BANKRUPTCY USING DECISION TREE IN THE REPUBLIC OF SERBIA by Vlaović Begović, Sanja; Bonić, Ljiljana (2020) - 127 - 139 https://doi.org/10.22190/FUEO191118010V © 2020 by University of Niš, Serbia | Creative Commons Licence: CC BY-NC-ND Original Scientific Paper DEVELOPING A MODEL TO PREDICT CORPORATE BANKRUPTCY USING DECISION TREE IN THE REPUBLIC OF SERBIA 1 UDC 347.736(497.11) Sanja Vlaović Begović 1 , Ljiljana Bonić 2 1 School of Business Novi Sad, Serbia 2 University of Niš, Faculty of Economics in Niš, Serbia Abstract. Decision trees made by visualizing the decision-making process solve a problem that requires more successive decisions to be made. Keywords: assets; bankruptcy; companies; decision; decision tree; model; prediction; results; sample; total; tree
• ARE COSTS STICKY? EVIDENCE FROM SERBIA by Jugović, Jovana (2021) - Cost stickiness is just one of many ways how managerial decisions may affect cost behavior (Banker et al., 2018). In case of nonlinear behavior, the same as with linear behavior, marginal costs are determined exclusively by the change of the activity volume, not by the change of direction, while in the case of sticky cost behavior marginal costs were determined both by the change of volume and change of the direction of activity. Keywords: activity; adjustment; behavior; change; companies; cost stickiness; costs; managers; operating; period; resources; revenues; stickiness; volume
• THE IMPORTANCE OF MARKETING COMMUNICATION FOR ATTRACTING AND RETAINING INSURANCE SERVICE USERS by Popović, Slavica; Avramović, Mira (2021) - The research question for retaining insurance services users is: 8) What will be insurance service users’ decision if the conditions of insurance are changed? 4.2. Key words: marketing communication, service user, attracting, satisfaction, retaining service users JEL Classification: M31, M37 Received November 30, 2020 / Revised December 12, 2020 / Keywords: companies; company; insurance company; insurance service; marketing; marketing communication; offer; research; satisfaction; service users; stage
• THE CONTRIBUTION OF SME DEVELOPMENT ORGANIZATION ON EXPORT: REGIONAL EXAMPLE by Corekcioglu, Selim (2021) - Export companies are in a more productive position than companies operating only in the domestic market (Hu & Tan, 2016). He found that physical capital expenditure at the company level raises the likelihood of small businesses entering export markets. Keywords: analysis; companies; costs; difference; export; groups; kosgeb; market; personnel; problems; smes; support; trade; zone
• INTANGIBLE ASSETS IMPACT ON SUSTAINABLE GROWTH RATE OF ENTERPRISES IN THE REPUBLIC OF SERBIA by Rastić, Amer; Stevanović, Tatjana; Antić, Ljilja (2021) - Intangible assets and SGR Studies have concluded that intangible assets are a key element in achieving competitive advantage (Sardo & Serrasqueiro, 2017; Mention & Bontis, 2013; Zéghal & Maaloul, 2010). The presented paper examines the impact of intangible assets, formatted with the VAIC model, on the Sustainable growth rate (SGR) of companies in Serbia. Keywords: assets; business; capital; cee; companies; company; growth; ice; impact; journal; model; performance; rate; sgr; value
• BANKS' CORPORATE SOCIAL RESPONSIBILITY (CSR) DISCLOSURE AND THEIR ROLE IN THE BETTERMENT OF SOCIETY IN THE REPUBLIC OF NORTH MACEDONIA by Trpeska, Marina; Tocev, Todor; Dionisijev, Ivan; Malcev, Bojan (2021) - In the absence of mandatory formal rules, CSR reports differ greatly in form (design, means of distribution, reporting frequency, etc.) and content (scope, quality, etc.) The results of this research show that the size of banks has a positive effect on CSR reporting, while on the other hand, profit does not affect it. Keywords: activities; banks; companies; csr; csr reporting; data; disclosure; macedonia; north; profit; reporting; reports; research; responsibility; size; society
• MOVING FROM NON-FINANCIAL TO SUSTAINABILITY REPORTING: ANALYZING THE EU COMMISSION’S PROPOSAL FOR A CORPORATE SUSTAINABILITY REPORTING DIRECTIVE (CSRD) by Baumüller, Josef; Grbenic, Stefan O. (2021) - Standardization A new element introduced by the CSRD to European sustainability reporting is the standardization of reporting requirements. Key words: non-financial reporting, sustainability reporting, sustainable finance, NFRD (2014/95/EU); CSR Directive (2021/0104 (COD)) JEL Classification: M41, Q56 Received August 17, 2021 / Keywords: commission; companies; csrd; directive; european; european commission; june; nfrd; reporting; reporting requirements; reports; requirements; standards; sustainability; sustainability reporting
• DETERMINATION OF TRANSFER PRICING IN MULTINATIONAL COMPANIES by Antić, Ljilja; Jovanović, Tatjana; Guduric, Jana (2015) - 27 - 39 DETERMINATION OF TRANSFER PRICING IN MULTINATIONAL COMPANIES  UDC 338: 334.726 Ljilja Antić, Tatjana Stevanović, Jana Gudurić Faculty of Economics, University of Niš, Serbia Abstract. The issue of transfer pricing in multinational companies assumes strategic importance in modern business conditions. Keywords: companies; company; costs; m.u; market; multinational; price; subsidiaries; subsidiary; tax; transfer; transfer pricing
• CORPORATE LIQUIDITY MANAGEMENT: IMPLICATIONS AND DETERMINANTS by Denčić-Mihajlov, Ksenija; Malenovic, Marina (2015) - In this respect, future research should comprise a more comprehensive set of explanatory variables (including cash-flow indicators), should be based on a larger and comprehensive database and should include the period after 2012, which will allow a deeper analyses of the impact of post-crisis market conditions on company liquidity management. To what extent will a particular kind of asset be liquid depends on the characteristics of this asset (type and divisibility), the conditions on the market, price stability, costs of sales, etc. Liquidity can be analyzed using liquidity ratios, which represents the static analysis of liquidity, or by using cash-flow analysis, which is a dynamic analysis of liquidity. Keywords: assets; capital; companies; company; debt; determinants; level; liquidity; ratio; significance; total

• TESTING THE APPLICABILITY OF THE CAPM MODEL USING SELECTED SHARES LISTED ON THE BELGRADE STOCK EXCHANGE by Đaković, Miloš; Andrašić, Jelena; Cicmil, Danica (2022) - In the research, the beta coefficient of selected shares was calculated with the help of the covariance of market return and stock return. Keywords: CAPM model, Beta coefficient, Belgrade Stock exchange, BelexLine JEL Classification: G17, G12 Received June 14, 2022 / Revised September 11, 2022 / Accepted September 16, 2022 Corresponding author: Miloš Đaković University of Novi Sad, Faculty of Economics in Subotica, Segedinski put 9-11, 24000 Subotica, Republic of Serbia | E-mail: milos.djakovic@ef.uns.ac.rs https://orcid.org/0000-0003-0167-4026 https://orcid.org/0000-0003-3941-1184 https://orcid.org/0000-0001-6373-5264 mailto:milos.djakovic@ef.uns.ac.rs 184 M. ĐAKOVIĆ, J. ANDRAŠIĆ, D. CICMIL 1. Keywords: belgrade; beta; capital; capm model; coefficient; exchange; market; model; portfolio; pricing; research; return; risk; shares; stock; stock exchange; value
• LONG-RANGE CORRELATIONS AND CRYPTOCURRENCY MARKET EFFICIENCY by Radojičić, Jelena; Radović, Ognjen (2023) - Some Comments on Bitcoin Market (in)Efficiency. When the term random walk is applied to stock markets, it means that short-term changes in stock prices cannot be predicted. Keywords: bitcoin; cause; correlation; cryptocurrencies; granger; hypothesis; market; results; returns; series; table; test; time; volatility
• TESTING MARKET EFFICIENCY: THE ROAD TO INTRINSIC VALUATION by Gajić, Nenad; Grozdić, Vanja; Demko-Rihter, Jelena; Duháček Šebestová, Jarmila (2023) - It is important to note that “intrinsic value” of the company may be different if we use different techniques to calculate it (as this is yet to be standardized, because not all companies have the same fundamentals, and not all people may agree on these), and it will always be further modified (sometimes quite substantively) into market price in accordance to the patterns in investors’ minds – these patterns are the result of their education, past experiences, current mood and the way they forecast the future (similar to the concept of “behavioral adjusted present value” in Shefrin, 2008), and are also influenced from the outside (e.g. with word-of-mouth or newspaper stories that something is “hot or not” – according to Shiller (2003) feedbacks may even “be an essential source of much of the apparently inexplicable ‘randomness’ that we see in financial market prices”). Now, let's compare this fact with the words from the godfather of efficient markets, as this is how the famous Fama talks about financial prices before he became famous: “Competition among the many intelligent participants leads to a situation where, at any point in time, actual prices of individual securities already reflect the effects of information based both on events that had already occurred and on events which, as of now, the market expects to take place in the future. Keywords: arima; efficiency; emh; equilibrium; finance; hypothesis; information; journal; market; market efficiency; model; price; stock; test; testing; theory; time; value
• STRUCTURAL REFORMS OF THE BANKING SECTOR - REGULATORY APPROACHES AND IMPLICATIONS by Radojičić, Jelena; Krstić, Borko (2017) - Also, the increase in borrowing costs is driven by the rise in prices of banking products and services and the reduction in market liquidity due to retrenchment of bank activity in capital markets (PWC, 2014).  The Volcker rule is introduced in the so-called Bank Holding Companies Act of 1956 (amended in 2010) and it forbids the coexistence of trading activities and other banking activities in different subsidiaries within the same group. Keywords: activities; banking; banks; costs; entity; group; institutions; market; reforms; risk; separation; trading
• THE MICROECONOMIC PERSPECTIVES OF INTELLECTUAL CAPITAL MEASUREMENT by Radjenović, Tamara; Krstić, Bojan (2017) - This approach aims at all-inclusiveness and consistency with a clear handling of all aspects of intangible value, and hence if done properly offers the possibility of reliable measurement as well as an adequate combination of intellectual capital resources and financial resources (Roos et al., 2005). Intellectual capital has become a widely studied issue among researchers in the knowledge economy. Keywords: assets; capital; economy; growth; intellectual; knowledge; krstić; market; measurement; methods; new; resources; roos; value
• FUNCTIONING MECHANISM OF BITCOIN by Đorđević, Aleksandar; Todorović, Miloš (2018) - This paper explains the emergence and functioning of the Bitcoin, its characteristics and functions, the benefits and risks that it carries, as well as possible scenarios of further development of the international monetary system with crypto currencies. Key words: virtual currencies, crypto currencies, Bitcoin, money functions, international payments JEL Classification: E40, F30, O30 INTRODUCTION The end of the 20th and the beginning of the 21st century in economic history will be recognizable by the final victory of liberal capitalism and the superiority of individualism over the collectivist structure of society. Keywords: bitcoin; crypto; crypto currency; currencies; currency; exchange; market; money; payment; system; time; transactions; value; world
• A TIME SERIES ANALYSIS OF FOUR MAJOR CRYPTOCURRENCIES by Radovanov, Boris; Marcikić, Aleksandra; Gvozdenović, Nebojša (2018) - Due to the similar walk of time series of other cryptocurrencies, some advanced knowledge on Bitcoin price movements could be used in analysis of other observed currencies. Bitcoin poses negative, while other cryptocurrencies show positive skewness. Keywords: analysis; bitcoin; correlation; cryptocurrencies; garch; market; results; returns; series; table; time; volatility
• THE EFFECTS OF VOLATILITY SPILLOVER ON THE LARGEST GLOBAL FINANCIAL MARKET SEGMENTS by Janković, Irena (2019) - Table 1 Comparative analysis of volatility spillover for main global market segments Min Max Average Stock market 41.26 80.98 62.76 Bond market 33.96 77.05 60.21 FX market 32.33 73.46 56.20 CDS market 57.75 89.88 75.22 Source: Author’s calculation based on data from Diebold-Yilmaz database, http://financialconnectedness.org/research.html When referring to the dataset indicating volatility shock spillover from all other markets to a particular market, the countries whose markets receive most volatility shocks from others in times of distress include France, the Netherlands, Germany, Belgium, Italy, the UK, and Spain, followed by other developed and more open countries in economic and financial terms. Total volatility spillover measure Total volatility spillover index is based on volatility contributions from the KPPS variance decomposition: (3) This index measures the contribution of volatility shock spillovers across asset classes to the total forecast error variance (Diebold & Yilmaz, 2012, p.59). 3.3. Keywords: index; market; spillover; variance; volatility
• CUSTOMIZATION – INNOVATION WHEN OFF-THE-SHELF IS OUT OF THE QUESTION by Stamatović, Milan; Jovičić, Aleksandar; Parojčić, Danijela (2020) - Maping compares: A – Serbian office which offers customized foreign product (ASA); B – local company which offers Serbian product; C – global company which offers not–customized product, and D – existing ‘absence of ASA’ where customers use traditional phones for appointment scheduling (Figure 1). n/a Data on Serbian ASA market. Keywords: analysis; asa; company; customization; market; office; product; research; results; sales; serbian; service; source; support
• THE CONSERVATISM PRINCIPLE IN MODERN FINANCIAL REPORTING by Arsenijević, Aleksandra (2021) - The results of numerous studies on the desirability of applying accounting conservatism in modern financial reporting show that a number of theorists and practitioners mark this principle as a basic characteristic of financial reporting, which is contrary to the opinion of standard setters. Accounting conservatism increases the timeliness of bad news, i.e. it warns managers and, more importantly, investors in time, who insist on the application of conservative rules in conditions of uncertainty. Keywords: accounting; basis; business; concept; conservatism; information; market; principle; reporting; results; value; value concept
• PIGS ECONOMIES: BAIL-OUT VS. BAIL-IN by Beljić, Marina (2021) - Although fiscal policy is characterized by certain level of policy coordination in terms of partial harmonization of the tax system, and defined levels of fiscal deficit (3 % of GDP) and public debt (60 % of GDP), each member individually implements public spending Received May 25, 2021 / Accepted June 08, 2021 Corresponding author: Marina Beljić University of Novi Sad, Faculty of Economics in Subotica, Segedinski put 9-11, 24000 Subotica, Serbia | E-mail: marina.beljic@ef.uns.ac.rs https://orcid.org/0000-0003-2657-2421 mailto:marina.beljic@ef.uns.ac.rs 260 M. BELJIĆ policies. Namely, using bail-in programs, instead of tax payers, banks could participate in bearing the costs of restoring a distressed bank and to prevent the negative spillover effects from the banking sector to countries’ public debts. Keywords: bail; bank; banking; crisis; debt; deficit; economies; funds; gdp; government; growth; market; mechanism; pigs; programs
• THE PANDEMIC WAVES’ IMPACT ON ROMANIAN E-MARKET: A NON-LINEAR REGRESSION MODEL by Boldea, Costin Radu; Boldea, Bogdan Ion (2021) - However, e-commerce retail sales almost tripled (+ 174%), with some retailers relying more on this method of sale than on the classic version (Wix E-commerce, 2020). The main trend is obtained directly from the linear regression on the raw data of the variation of online trade in Romania Sell (%) ~ -5.48 + 5.47* M (1) where Sell represents the percentage of online sales growth compared to the average monthly value in 2019, and M is the time factor expressed in months, which represents an average monthly increase of 5.47%, with an error of 0.48% and the confidence factor R2 = 0.92. Keywords: boldea; commerce; growth; impact; market; model; online; pandemic; regression; romania; sales

• THE IMPACT OF HUMAN CAPITAL VALUE ON HUMAN CAPITAL EFFICIENCY AND BUSINESS PERFORMANCE by Veselinović, Nemanja; Krstić, Bojan; Rađenović, Tamara (2022) - Some of them are human capital market value – HCMV (Drábek et al., 2017; Lindenberg & Ross, 1981), human capital value added – HCVA (Fitz- enz, 2000; Drábek et al., 2017), human capital return on investment – HCROI (Fitz-enz, 2000; Drábek et al., 2017), and efficiency in the use of human capital – EHC (Krstić & Bonić, 2016) (see Table 1). 10200 FACTA UNIVERSITATIS Series: Economics and Organization Vol. 19, No 1, 2022, pp. 13 - 26 https://doi.org/10.22190/FUEO211118002V © 2022 by University of Niš, Serbia | Creative Commons Licence: CC BY-NC-ND Original Scientific Paper THE IMPACT OF HUMAN CAPITAL VALUE ON HUMAN CAPITAL EFFICIENCY AND BUSINESS PERFORMANCE1 UDC 005.336.4:65.015.25 Nemanja Veselinović1*, Bojan Krstić1, Tamara Rađenović2 1University of Niš, Faculty of Economics, Republic of Serbia 2University of Niš, Faculty of Occupational Safety, Republic of Serbia ORCID ID: Nemanja Veselinović https://orcid.org/0000-0001-7254-3870 Bojan Krstić https://orcid.org/0000-0003-4597-6819 Tamara Rađenović https://orcid.org/0000-0003-1632-7772 Abstract. Keywords: capital; capital efficiency; capital value; ebit; efficiency; employee; human; impact; indicators; investment; model; performance; results; revenue; value
• COVID-19 PANDEMIC AND NIGERIA’S INTERNATIONAL LIQUIDITY: IMPACT ANALYSIS by Babalola, Abdurrauf (2022) - COVID-19 pandemic was proxied by COVID-19 new cases and new deaths of the pandemic in Nigeria and a dummy which represented the period of the pandemic, and as such, stood in as the explanatory variables in the study, while international liquidity was put as the dependent variable. Though there was an average positive correlation between the new cases and international liquidity, the result of the ARDL cointegration test revealed that, in the short run, COVID-19 new cases did not have a significant impact on international liquidity in Nigeria. Keywords: cases; cnc; covid-19; covid-19 pandemic; impact; liquidity; model; nigeria; pandemic; period; result; study; table; test; variables
• THE IMPACT OF CORPORATE INCOME TAX ON FDI INFLOW IN EMERGING EU ECONOMIES by Beljić, Marina; Glavaški, Olgica; Pejčić, Jovica (2023) - In order to ensure that aim, emerging EU economies most often choose the policy of tax reduction and particularly lowering corporate income tax rate. Therefore, the main hypotheses of this paper are: H1: In selected emerging EU economies, there is a negative relationship between FDI and corporate income tax rate in the period 2010-2019. Keywords: competitiveness; economies; effects; eu economies; fdi; income; income tax; inflow; investment; model; panel; rate; tax; taxes; variables
• RISK FACTORS FOR THE OCCURRENCE OF CLAIMS AND THE ADEQUACY OF NON-LIFE INSURANCE PREMIUMS by Milutinović, Monia (2024) - Accordingly, the research in this paper tested the following hypotheses: H1: An important element for the accurate calculation of insurance premiums is the expected value of future claims. H3: It is possible to determine the individual impact of the risk of a damaging event and the risk of forming technical reserves on the level of insurance premiums. Keywords: adequacy; car; claims; data; distribution; insurance; insurance premiums; liability; life; model; occurrence; premium; regression; risk; table; value
• THE IMPACT OF PUBLIC EXPENDITURES ON THE ECONOMIC GROWTH OF ALBANIA by Harremi, Marsida (2024) - The estimation of the panel regression reveals that health expenditure growth will stimulate economic growth; however, economic growth will reduce health expenditure growth. Concerning the estimation of quantile regression, in countries with low levels of growth, health expenditure growth will reduce economic growth. Keywords: defence; economic; expenditures; gdp; growth; health; impact; model; relationship; statistic; test; value; variable
• THE NEXUS BETWEEN GOVERNMENT PUBLIC DEBT, INFLATION AND PER CAPITA INCOME IN NIGERIA: A GENERALIZED LINEAR MODEL by Alenoghena, Raymond Osi; Adewale, Segun Amos; Adebisi, Samuel David; Ifarajimi, Gilbert Deinde (2025) - Therefore, this article intends to investigate the following objectives: One, examine the impact of government public debt on per capita income; two, determine the effect of inflation on per capita income; three, investigate the impact of government debt on inflation; and four, evaluate the moderating effect of government debt and inflation on per capita income. This study examines the effects of government public debt and inflation on per capita income in Nigeria, covering the period 1981 to 2023. Keywords: borrowing; capita; capita income; debt; effect; government; government debt; growth; income; inflation; interest; model; money; nigeria; relationship; study; supply; variables
• EXAMINATION THE PERFORMANCES OF MAXIMUM LIKELIHOOD METHOD AND BAYESIAN APPROACH IN ESTIMATING SALES LEVEL by Papić-Blagojević, Nataša; Lepojević, Vinko; Lončar, Sanja (2016) - Key words: method of maximum likelihood, Bayesian method, estimation, prior, sales level INTRODUCTION Historically, classical statistics have had the main role in researches compared to Bayesian methods, but in the near past, Bayesian approach has become very popular in creating statistical models for solving problems in different research fields. Comparative analysis of maximum likelihood method and Bayesian method was obtained on 252 products and their sales level from January to June 2014. Keywords: bayesian; data; distribution; estimates; likelihood; method; model; prior; research
• HIGHER EDUCATION AND ECONOMIC GROWTH: SWEDISH EVIDENCE FROM MULTIVARIATE FRAMEWORK by Obradović, Saša; Lojanica, Nemanja (2016) - Khorasgani (2009) demonstrates by using ARDL model that long and short-term relationship exists between higher education variable and economic growth of Iran. In this article, we investigate the long and short term relationship between higher education and economic growth in multivariate framework for Sweden, for the period from 1971 to 2013, by using ARDL approach. Keywords: causality; economic; education; growth; integration; model; relationship; results; test; volume
• KEY PREDICTORS OF INTERNAL SUPERVISION OF FINANCIAL STATEMENTS by Milutinović, Sunčica; Medved, Ivana; Dimitrijević, Dragomir (2018) - Within the framework of this paper, internal supervision (of the preparation of financial statements, and of the compliance of financial statements with regulations) is the process carried out by internal bodies in entity, such as supervisory boards, internal auditors, and others. The research with the aim of identifying the predictors of internal supervision of financial statements in the Republic of Serbia, according to the authors’ knowledge, has not been carried out so far in domicile conditions. Keywords: compliance; control; entity; model; preparation; regulations; research; statements; supervision; table
• THE DEVELOPMENT EFFECTS OF THE MONETARY AND FISCAL POLICY IN CONTEMPORARY CONDITIONS by Milošević, Danijel; Marjanović, Vladislav (2019) - Therefore, every measure in monetary policy has to be followed by particular action in fiscal policy and the other way around. Monetary aggregate M2 and interest rate, as representatives of monetary policy, and government expenditures, as a representative of fiscal policy, will be independent variables. Keywords: gdp; government; interest; model; policy; rate; table; unemployment; variable
• THE CROWDING-OUT EFFECT OF FISCAL POLICY ON CAPITAL INFLOWS IN NIGERIA by Babalola, Abdurrauf Idowu; Onikosi-Alliyu, Saidat Oluwatoyin (2020) - The multiple regression result indicated that exchange rate, interest rate and government fiscal deficit have direct impact on economic growth in Nigeria. This is because perfect capital mobility enhances domestic fiscal policy since interest rate cannot rise. Keywords: borrowing; budget; capital; deficit; economy; effect; fdi; government; impact; investment; model; nigeria; policy; rate; run
• VALUE AT RISK MEASURING AND EXTREME VALUE THEORY: EVIDENCE FROM MONTENEGRO by Cerović, Julija (2014) - G represents the non-degenerate distribution function and such distributions are called extreme value distributions. Extreme value distribution includes three parameters -  - shape parameter, n - location parameter, and n > 0 is scale parameter. Keywords: distribution; estimation; model; risk; t t; theory; threshold; value; var
• EFFECTS OF APPLYING DIFFERENT RISK MEASURES ON THE OPTIMAL PORTFOLIO SELECTION: THE CASE OF THE BELGRADE STOCK EXCHANGE by Stanković, Jelena Z.; Petrović, Evica; Denčić-Mihajlov, Ksenija (2020) - The measures used to evaluate portfolio risk in this study are the measures most commonly used in research, as described in the second part of this paper. Moreover, in post-crisis period modeling of market risk is heavily re-examined, due to the fact that existing risk management models and practices have not provided a reliable framework for measuring and managing risk (Ball, 2009; Hansen, 2013). Keywords: distribution; investors; markets; mean; measures; model; optimization; portfolio; portfolio optimization; return; risk
• OWNERSHIP STRUCTURE AND FINANCIAL PERFORMANCE OF MANUFACTURING FIRMS IN SUB-SAHARAN AFRICA by Ajao, Mayowa Gabriel; Ejokehuma, Jude Osazuwa (2021) - This study investigates the effect of ownership structure on the financial performance of listed manufacturing firms in three Sub-Saharan Africa countries (Nigeria, Kenya and South–Africa) based on the critical mass indices of their respective bourse. Key words: Ownership structure, manufacturing Firms, Performance, GMM JEL Classification: G32, L25, L60 Received March 19, 2021 / Revised May 10, 2021 / Accepted May 26, 2021 Corresponding author: Mayowa Gabriel Ajao Department of Banking and Finance, Faculty of Management Sciences University of Benin, Benin City, Nigeria E-mail: ajao.mayowa@uniben.edu 188 M. G. AJAO, J. O. EJOKEHUMA 1. INTRODUCTION Keywords: africa; effects; firms; j j; manufacturing; model; ownership; ownership structure; panel; performance; profitability; roa; structure; study; tobin
• HOW DID COVID-19 PANDEMIC AFFECT THE TOURISM INDEX IN BORSA ISTANBUL? by Özen, Ercan; Özdemir, Letife (2021) - The most appropriate ARDL(1,0,3) bound test model and F statistics created to measure whether there is a cointegration relationship between Covid-19 case and death numbers and tourism index are given in Table 4. According to the results of the cointegrating regression models, the effect of the number of Covid-19 cases on the tourism index was not significant, while the effect of the number of Covid-19 deaths on the tourism index was determined to be significant and negative. Keywords: bist; cases; covid-19; covid-19 pandemic; deaths; model; number; pandemic; regression; relationship; stock; study; term; test; tourism; tourism index; variables
• THE COMPLEXITY PARADIGM: TOWARDS A MODEL FOR THE ANALYSIS OF SOCIAL SYSTEMS AND PROBLEMS by Parreira, Artur; Silva, Ana Lorga (2021) - On the basis of these authors’ ideas about the factors of systems complexity and the tools of complex reasoning, a model is formulated (ACSIP- Analysis of Complex Systems and Problems), with an interdisciplinary and multi-level view of social problems. They offer the basis to a model of analysis and assessment of complex systems and problems (ACSIP Model). Keywords: analysis; complexity; complexity paradigm; gödel; idea; information; knowledge; level; model; morin; new; paradigm; power; prigogine; problem; reasoning; social; system; time; use

• THE RELATIONSHIP ANALYSIS BETWEEN ENVIRONMENTAL PERFORMANCE AND ECONOMIC VALUE OF THE COMPANY by Petrović-Ranđelović, Marija; Stevanović, Tatjana; Kostić, Zorana (2023) - Based on the information from environmental accounting, managers can more effectively assess the economic impacts that corporate environmental performance generates on the company's operations. The importance of environmental sustainability is becoming greater due to its contribution to greater value for customers and convergence of the circular economy and Industry 4.0, which can improve the efficiency of limited resource use. Keywords: analysis; beverage; business; coca; cola; company; consumption; food; industry; performance; production; responsibility; sustainability; value; waste; water
• TRENDS AND PERSPECTIVES IN RECOGNIZING CRYPTOCURRENCIES ACCORDING TO INTERNATIONAL ACCOUNTING REGULATION by Milutinović, Sunčica; Dimitrijević, Dragomir (2023) - Disclosures that may also be relevant in this case are (CPA Canada, 2018, p. 12; CPA Canada, 2019, p. 11): ▪ Description of CC, its characteristics and purpose of holding (e.g. whether the purpose of holding is investment or purchase of goods and services); ▪ The number of units of CCs that the entity owns at the end of the reporting year; ▪ The manner in which the accounting policy for CCs is established; ▪ The amount of the fair value of CCs together with the appropriate disclosures from IFRS 13 in the case of using the cost value model; ▪ Information about the market risk associated with holding CCs (e.g. historical volatility information). The paper discusses whether CCs can be recognized as: ▪ Cash (money, currency) or cash equivalent according to IAS 7 and IAS 21; ▪ Financial instruments (financial assets) according to IAS 32 and IFRS 9; ▪ Intangible assets according to IAS 38; ▪ Inventories according to IAS 2; and ▪ Investment property according to IAS 40. 2.1. Keywords: accounting; assets; cash; ccs; cryptocurrencies; entity; ias; ifrs; transactions; value
• BENEFIT SEGMENTATION OF OUTBOUND SUMMER PACKAGE TOURISTS by Zečević, Bojan; Kovačević, Igor (2017) - Key words: tourist benefits, benefit segmentation, outbound package tourists INTRODUCTION Customer perceived value is a subjective construct (Eggert & Ulaga, 2002; Zeithaml, 1988), defined as the perception of consumers about the difference between the benefits received from certain products and services and sacrifices that need to be invested in order to obtain and use the product or service (Zeithaml, 1988), regardless of whether value is seen as unidimensional (Cronin et al., 1997; Zeithaml, 1988) or multidimensional construct. Benefit segmentation Destination and vacation attributes are causes of tourist benefits (Evans & Chon, 1989; Keywords: ahp; benefits; destination; fuzzy; importance; journal; marketing; package; preferences; research; segmentation; services; tourism; tourists; travel; vacation; value
• DESCRIPTIVE ANALYSIS OF COMPETITION AND THE ADOPTION OF GAME THEORY IN BUSINESS GAME AMONG SMALL SCALE CAFETERIAS IN NIGERIA by Aduku, Danlami Joseph; Orugun, Juwon Johnson; Nafiu, Akeem Tunde (2017) - Findings show that price, service quality and customer’s value influence the competitive situation among small scale cafeterias, and that the adoption of game theory in business game has an effect on the overall performance of small scale cafeterias in Nigeria. Concept of business game Every business environment possesses the attributes of the real business game (competition). Keywords: business; cafeteria; customer; game; game theory; mean; nigeria; owners; scale; service; situation; theory; value
• SUITABILITY OF ACTIVITY – BASED COSTING FOR LEAN BUSINESS CONCEPT by Novićević Čečević, Bojana; Antić, Ljilja (2018) - All employees are part of a team that continually strives to improve business activities. Then activity costs are allocated to cost objects with the help of activity drivers. Keywords: activities; activity; business; business concept; company; concept; costing; costs; production; time; value
• PROPERTY TAX BURDEN AND PROGRESSIVITY IN THE CASE OF SERBIA by Luković, Stevan (2014) - Before the amendments, the tax structure looked as follows: Tax base Tax rates 1 Up to 6,000,000 dinars up to 0.40% 2 6,000,001 – 15,000,000 dinars tax (1) + up to 0.80% on the amount above 6,000,000 dinars 3 15,000,001 – 30,000,000 dinars tax (2) + up to 1.50% on the amount above 15,000,000 dinars 4 Above 30,000,000 dinars tax (3) + up to 3% on the amount above 30,000,000 dinars Source: Property Taxes Law, Official Gazette of RS, No. 26/01, 45/02, 42/02, 80/02, 135/04, 61/07, 5/09 If only marginal tax rates are considered, it might be concluded that the property taxation in Serbia was very progressive because the tax rates rise from 0.4 % up to 3%. Very few papers deal with the calculation of property tax progressivity. Keywords: burden; changes; dinars; estate; progressivity; property; property tax; tax; tax burden; tax progressivity; value
• DEVELOPING BONUS PLANS FOR MANAGERS IN ORDER TO MAXIMIZE VALUE FOR OWNERS by Bonić, Ljiljana; Jakšić, Dejan; Mijić, Kristina (2015) - [7, 46-74]; in countries whose national culture is characterized by uncertainty avoidance, low degree of individualism and difficulty in accepting challenges EVA bonus plan will be ignored, while in countries whose national culture is characterized by individualism, readiness to change in the organizational structure of the corporate enterprise EVA bonus plan will be well accepted;  There are still some objections to EVA bonus plans: some authors believe that the movement of EVA performance does not adequately follow the movement of share prices; the implementation of the EVA concept is required at all levels of management (and it is not good enough for rewarding managers at the operational level); differences in tendencies to taking risks in business can cause a problem with managers and owners in the development of EVA compensatory system in the corporate enterprise and the limitations of this bonus plan conditioned by cultural differences across countries. Keywords: accounting; bonus; bonus plan; bonuses; business; concept; criteria; eva; eva bonus; managers; owners; performance; plans; value
• TARGET COSTING SUITABILITY FOR IMPROVEMENTS OF LEAN SUPPLY CHAINS by Novićević Čečević, Bojana; Antić, Ljilja (2021) - Target Costing Suitability for Improvements of Lean Supply Chains 211 Table 2 Overview of target cost and lean reduction for each operation Supply chain Activities Actual Costs Target cost Lean cost Cost lean per unit (thousand Eur) Raw materials acquisition 12,000,000 10,035,398 1,964,602 2.8066 On the other hand, lean business concept of strengthening the role of employees is a very important success factor. Keywords: activities; business; chain; company; concept; costing; costs; product; supply; target; target cost; value
• THE POSSIBILITY OF USING DISTRIBUTED LEDGER TECHNOLOGIES AS PAYMENT INFRASTRUCTURE by Kostić, Zorana; Tomić, Nenad (2021) - In other words, a payment system that would support the creation of the Internet of Value must enable the integration of traditional payment transactions, electronic payment systems such as digital wallets, electronic money and cryptocurrencies, through the construction of a completely new infrastructure (Cheng, 2015). In the block header, enter the ordinal number, then the timestamp, to determine the chronological order of the assembled blocks, hash of the previous block, the Merkel tree root, which means that new transactions must be related to all previously entered, and hash of the new block. Keywords: blockchain; cryptocurrencies; information; infrastructure; internet; ledger; network; nodes; number; payment; system; tangle; technologies; things; transactions; value

• SOME CHALLENGES IN THE CONSOLIDATION OF UNREALIZED INTRA-GROUP PROFITS AND LOSSES by Sekerez, Vojislav; Spasić, Dejan (2023) - Regardless of the nature of internal transactions, which can be very diverse, they can all be broadly grouped into the following four categories (Krimpman, 2015): ▪ transactions for immediate sale (further sales occur in the same period); ▪ transactions for later sale (resale occurs in the following period); ▪ transactions for own use; ▪ transactions for own consumption. However, regardless of the differences in the consolidation process between the equity method and full consolidation, when eliminating internal results, both methods start from the same initial idea that the results contained in internal transactions must be deferred until the inventory is sold to third parties. Keywords: accounting; company; consolidation; elimination; equity; group; investor; method; parent; profit; results; statements; transactions; upstream
• MANAGING THE EXPATRIATION PROCESS by Figar, Nadica (2016) - Key words: expatriates, self-initiated expatriates, host country, home country, expatriation, cultural shock INTRODUCTION The labor market always contained mobile individuals, prepared to accept an appropriate position outside their home country. The place (the host country) is determined by the company, and it can entail the following: a stay in the host country and the return to home country upon task completion, a continual stay in multiple host countries and the return to home country, and the rotation between subsidiaries in host countries throughout the employment. Keywords: adjustment; company; country; expatriates; expatriation; home; host; host country; international; phase; process
• INTERNATIONAL FRANCHISING IN THE HOTEL INDUSTRY by Stanković, Milica (2017) - The aim of the paper is to determine the impact of internal factors, the size and the age of the franchise system, on the use of franchising as a strategy of internationalization for hotel franchise company. Does the age (and hence, experience) of hotel franchise company have an impact on the implementation of franchising as a strategy of internationalization? Keywords: company; franchise; franchise company; franchise units; franchising; hotel; hotel franchise; implementation; internationalization; number; strategy; units
• CREATIVE CASH FLOW REPORTING by Arsenijević, Aleksandra; Đukić, Tadija (2017) - Improving standards that regulate cash flows is necessary due to the fact that without information on company cash flow it is not possible to make the right decisions and, thus, maximize business success. The importance of cash flow statement arises from its connection with other financial statements, which allow management, as internal users, as well as external users, to gain complete insight into company’s liquidity and solvency. Keywords: accounting; activities; business; cash; cash flow; company; flow; inflow; operating; reporting; statement
• SYNERGISTIC EFFECTS OF INTERNAL AUDIT AND LEAN-SIX SIGMA CONCEPT ON BUSINESS PROCESS IMPROVEMENT by Djordjevic, Milica M; Novićević Čečević, Bojana N (2015) - Business process improvement can be implemented with the support of a number of concepts, among them being lean-six sigma. +381 18 528 663  E-mail: milica.djordjevic@eknfak.ni.ac.rs 238 M. ĐORĐEVIĆ, B. NOVIĆEVIĆ ĈEĈEVIĆ Approaches to business process improvement, which have been developed in practice, are numerous and their starting points are different. Keywords: audit; business; company; concept; implementation; improvement; internal; process; processes; quality; sigma; sigma concept
• THE ROLE OF AUDIT AND CREDIT RATING AGENCIES IN THE ASSESSMENT OF COMPANY CREDITWORTHINESS WITH SPECIAL FOCUS ON BANKS by Jemović, Mirjana; Đorđević, Milica; Radojičić, Jelena (2019) - i njihova ograniĉenja [Methodology for creating rating ratings for credit rating agencies and their limitations]. Key words: credit rating agencies, external audit, creditworthiness, financial crisis JEL Classification: G21, G24, G28, M42, M48 INTRODUCTION Investors make investment decisions based on information they have about company creditworthiness. Keywords: ability; agencies; audit; auditor; bankruptcy; business; company; credit; credit rating; creditworthiness; crisis; opinion; rating; rating agencies; role; securities
• CREATIVE ACCOUNTING AND CASH FLOWS REPORTING by Djukić, Tadija; Pavlović, Miloš (2015) - With such transaction, we decreased net cash flow from investing activities (at the moment of their buying) and increased net cash flows from operating activities (at the moment of their selling). A level of company’s success in generating net cash flows from operating activities. Keywords: accounting; activities; cash; cash flows; company; costs; flows; ias; operating; period; reporting; statements
• THE KEY ISSUES IN THE TRANSLATION OF THE FINANCIAL STATEMENTS OF MULTINATIONAL COMPANIES by Savić, Bojan; Obradović, Nataša; Milojević, Ivan (2019) - The aim of this paper is to highlight the key challenges that multinational companies face when translating foreign currency transactions and the financial statements of foreign business operations for the purpose of compiling consolidated financial statements. Considering the significance of potential effects which may result from the translation of foreign currency transactions and financial reports of foreign subsidiaries, it is possible to use instruments aimed at the targeted design of financial statements, in the aforementioned reporting segment. Keywords: business; company; currency; exchange rate; exposure; operations; parent; reporting; reporting currency; statements; transactions; translation

• THE IMPACT OF THE PANDEMIC COVID-19 ON HOSPITALITY INDUSTRY AND TOURISM WORKERS by Stoicea (Ignătescu), Dana-Maria (2021) - However, coronavirus has emerged as the biggest challenge of the decade (Khan et al., 2021). A global recession, economic recessions and declining industry performance are just some of the consequences of this global emergency (Khan et al., 2021). Keywords: covid-19; crisis; employees; et al; hospitality; impact; industry; pandemic; research; sector; tourism; travel
• INTERNAL REPORTING ON PROCESS OPTIMIZATION MEASURES: COMBINATION OF ECONOMIC AND ENVIRONMENTAL ASPECTS by Grünbichler, Rudolf; Petschacher, Barbara; Kollmann, René; Passer, Alexander; Grbenic, Stefan Otto (2021) - Beyond tools: A design for environmental process. On the other hand, there is the instrument of environmental life cycle assessment (LCA), which enables a systematic analysis of the environmental impacts of products throughout their entire life cycle. Keywords: assessment; cost; cycle; evaluation; footprint; impact; improvement; lca; lcc; life; life cycle; measures; optimization; process; study

• THE RELATIONSHIP BETWEEN NATIONAL CULTURE AND INNOVATIVE ENTREPRENEURIAL ORIENTATION: AN ANALYSIS FOR THE SOUTHEAST EUROPEAN COUNTRIES by Amidžić, Renata; Leković, Bojan; Fazekaš, Tibor; Matić, Milenko (2022) - This paper aims to examine the relationship between entrepreneurial attitudes of national culture and innovative entrepreneurial orientation (IEO). Key words: national culture, innovative entrepreneurial orientation, total early activity-stage, South East Europe region JEL Classification: L26, M14, O30 Received October 26, 2021 / Revised December 21, 2021 / Accepted December 30, 2021 Corresponding author: Bojan Leković University of Novi Sad, Faculty of Economics in Subotica, Segedinski put 9-11, 24000 Subotica, Republic of Serbia | E-mail: bojan.lekovic@ef.uns.ac.rs https://orcid.org/0000-0002-6329-8735 mailto:bojan.lekovic@ef.uns.ac.rs 2 R. AMIDŽIĆ, B. LEKOVIĆ, T. FAZEKAŠ, M. MATIĆ 1. INTRODUCTION As a rapidly changing global economic system has forced entrepreneurs to increase their survival ability on the open global market, innovation became one of the most powerful tools by which nations and businesses achieve global success. Keywords: business; culture; distance; entrepreneurs; hofstede; ieo; innovation; level; national; orientation; power; relationship; research; results; societies
• HEIR APPARENT PREPAREDNESS AND SELECTED FAMILY BUSINESS SUSTAINABILITY IN LAGOS STATE NIGERIA by Olayemi, Olufemi Olabode; Gbadamosi, Taofeek Olalekan (2024) - The findings reveal significant positive relationships between Heir Apparent Level of Education, Heir Apparent Experience, and Quality of Mentorship Received by Heir Apparent, and their joint effect with family business sustainability. The study recommends prioritizing formal education, providing diverse experiential learning opportunities, and establishing strong mentorship programs to enhance family business sustainability. Keywords: apparent; business; business sustainability; education; experience; family; family business; heir; lagos; level; mentorship; nigeria; preparedness; state; sustainability
• SOCIO-ECONOMIC DETERMINANTS OF IMPROVED RICE TECHNOLOGIES’ ADOPTION AMONG SMALL SCALE FARMERS IN KOGI STATE, NIGERIA by Saliu, Jamiu Olushola; Ibrahim, Muhammed Kabir; Eniojukan, Folashade Oluwatosin (2016) - The study recommends that private rice industries should utilize this positive disposition for rice farmers towards rice technology adoption by establishing rice processing industries in the study area and making the farmers’ rice out growers to feed the industries. The production level of rice in Nigeria therefore, reflects low level of production among rice farmers. Keywords: adoption; area; farmers; kogi; level; nigeria; production; rice; rice farmers; rice technologies; socio; source; state; study; table; technologies
• MONETARY VERSUS FISCAL DOMINANCE IN EMERGING EUROPEAN ECONOMIES by Jevđović, Gordana; Milenković, Ivan (2018) - In this scenario, monetary policy is active, whereas fiscal policy is passive, which is referred to as monetary dominance. In line with expectations, results overwhelmingly suggest that monetary policy may have been subordinated to fiscal policy over the period of analysis in all economies under scrutiny and that fiscally-led regime prevailed. Keywords: debt; dominance; economies; government; granger; level; monetary; policy; price; regime; sustainability; test
• SOURCES OF WORKPLACE STRESS IN SERVICE SECTOR ORGANISATIONS by Lukić, Jelena M.; Lazarević, Snežana Lj. (2018) - The holistic analysis of sources of workplace stress which is conducted in this paper may be useful to people who are dealing with stress management, and particularly to human resources managers whose daily activities involve facing various negative consequences of employee stress, all with the aim of anticipating stress factors and attemptting to manage as effectively as possible this increasingly present negative social phenomenon. Employee stress management: An examination of adaptive and maladaptive coping strategies on employee health. Keywords: activities; employees; job; level; new; organization; sector; service; sources; stress; time; working; workplace; workplace stress
• KNOWLEDGE MANAGEMENT: EVIDENCE FROM SERBIAN BANKING SECTOR by Stojanović-Aleksić, Vesna; Erić Nielsen, Jelena; Bošković, Aleksandra (2018) - Namely, the best estimated item is: Employees understand the importance of knowledge knowledge for the success of a bank (Mean = 4.25), which is a good prerequisite for knowledge creation in banking sector. Also, a brief insight into the features of an organizational culture that supports knowledge management is provided. Keywords: banking; banks; culture; employees; information; knowledge; knowledge creation; knowledge management; knowledge sharing; level; sector; sharing
• MANAGER’S ROLE IN RAISING THE LEVEL OF JOB SATISFACTION by Simić, Ivana; Stojković, Nebojša (2014) - Manager’s Role in Raising the Level of Job Satisfaction 167 Starting from the key factors that influence job satisfaction, the literature offers three different approaches to job satisfaction. The aim of the authors of this paper is to point out the nature, the significance, causes and consequences of job satisfaction, as well as the role of managers in raising the level of these organizational variables. Keywords: behavior; employees; factors; individual; job satisfaction; judge; level; new; organization; work
• ADOPTION OF VOLUNTARY GLOBAL GOVERNANCE INITIATIVES: EQUATOR PRINCIPLES AND BANKS IN NIGERIA by Oghojafor, Ben Emukufia Akpoyomare; Aduloju, Sunday Adekunle (2020) - In fact, disparate findings have emerged on the true effects of corporate governance on organizations. As reported by Akintoye and Iyaniwura (2017), the Nigerian Security and Exchange Commission’s (SEC) first code of corporate governance was launched in 2003 in the belief that companies practicing good governance have the potentials of attracting foreign investments. Keywords: adoption; banks; eps; equator; governance; international; level; nigeria; organizations; principles; programs; research; study; university

• VALUE STREAM PERFORMANCE MEASUREMENT AND THE LEAN BUSINESS CONCEPT by Novićević Čečević, Bojana; Antić, Ljilja (2016) - Including data about value stream performance capacities into the management analyses will ensure the unhindered flow of the product, and the consequences of the continuous improvement will show their financial effects too. Value stream is a basis for creating value for the customers, on the one hand, and for the enterprise, on the other hand. Keywords: business; business concept; enterprise; lean; number; performance; process; products; score; stream performance; time; value stream
• SALES LEADERSHIP AND SALESPEOPLE’S PERFORMANCE IN KOGI STATE: AN INVESTIGATION OF HERBAL MIXTURE MARKETING MANAGERS by Ogbadu, Elijah E.; Nafiu, Akeem Tunde; Aduku, Danlami Joseph (2018) - Key words: Transformational sales leadership, Transactional sales leadership, Welfares, Carrot & stick system, Team spirit building JEL Classification: L20, M10 Received April 30, 2018 / Revised June 20, 2018 / Accepted June 25, 2018 Corresponding author: Akeem Tunde Nafiu Centre For Pre-degree and Diploma Studies, Kogi State University, Anyigba, Nigeria E-mail: tundenafiu01@gmail.com 232 E.E. OGDABU, A.T. NAIFU, D.J. ADUKU 1. INTRODUCTION This study therefore recommends that Herbal Mixture marketing managers should adopt more of transformational sales leadership, and focus more on welfares and carrot & stick system strategically to enhance desired salespeople’s performance. Keywords: carrot; kogi; leadership; marketing; performance; sales; sales leadership; salespeople; spirit; state; stick; study; system; team; welfare
• UNDERWRITING PERFORMANCE SHOCKS IN THE NON-LIFE NIGERIAN INSURANCE INDUSTRY AND MACROECONOMIC RISKS: A VECTOR AUTO REGRESSIVE APPROACH by Onafalujo, Akinwunmi Kunle (2019) - Therefore, premium growth rate responds to interest rate shocks for a short time. The few studies on insurance profitability were by Agiobenebo and Ezirim (2002) who investigated the impact of financial intermediation on profitability of insurance companies in Nigeria and established a positive link; Ahmed (2016) also found that size influences the profitability of Nigerian insurers. Keywords: growth; industry; inflation; insurance; interest; journal; life; loss; nigeria; performance; premium; profitability; rate; ratio; risk; shocks; underwriting
• BOARD STRUCTURE AND BANK PERFORMANCE: EVIDENCE FROM SERBIAN BANKING SECTOR by Babić, Verica; Nikolić, Jelena; Simić, Marijana (2020) - Based on this view, monitoring board structure and measuring financial bank performance is limited, especially in case of collecting data for longer period of time. In order to improve effectiveness of internal corporate governance mechanism, and consequently bank performance, the main research objective is to identify the impact of the board size and the board composition on bank performance in the Republic of Serbia using the CAMELS model. Keywords: bank; banking; board; directors; governance; journal; members; number; performance; research; structure
• CREDIT SCORING WITH AN ENSEMBLE DEEP LEARNING CLASSIFICATION METHODS – COMPARISON WITH TRADITIONAL METHODS by Radović, Ognjen; Marinković, Srđan; Radojičić, Jelena (2021) - Advances in information technology facilitate further development of credit scoring models for making objective and quick decisions (Thomas, Crook, & Edelman, 2002). Credit scoring models can be applied to analyze the behavior of already existing clients, and then the score represents a numerical summary of the bank’s experience with the client (behavior scoring) (Hui, Li, & Zongfang, 2017). Keywords: classification; classifiers; credit; credit scoring; data; decision; ensemble; learning; machine; methods; models; performance; regression; results; scoring; svm; trees

• ARTIFICIAL INTELLIGENCE, BIG DATA AND IoT IN CIRCULAR ECONOMY: RESEARCH TRENDS AND PERSPECTIVES by Marković, Ivana; Jemović, Mirjana (2024) - Key words: Circular economy, Artificial intelligence, Big data, Internet of things, IoT, AI. Nevertheless, it is important to point out that such an incidence of keywords occurrence speaks in favor of the relevance of bibliometric and review approaches in knowledge systematization in the field of circular economy. Keywords: analysis; data; economy; intelligence; iot; learning; number; publications; research; technologies
• VISUAL CORRELATION ANALYSIS OF FINANCIAL TIME SERIES by Stanković, Jovica; Stanković, Jelena Z.; Radović, Ognjen (2016) - Given that the effects of the shocks on the stock exchange are transmitted through international financial markets [6] and increasingly affect the global economy [10], the methods for managing information in the monitoring and analysis of financial markets are becoming essential for a large number of stakeholders, especially investors. The fact is, 1Received March 23, 2016 / Revised June 18, 2016 / Accepted June 19, 2016 Corresponding author: Jovica Stanković Faculty of Economics, University of Niš, Trg Kralja Aleksandra 11, 18000 Niš, Serbia E-mail: jovica.stankovic@eknfak.ni.ac.rs 118 J. STANKOVIĆ, J. Z. STANKOVIĆ, O. RADOVIĆ however, that financial markets are not perfectly efficient and that they exhibit numerous anomalies. Keywords: algorithm; analysis; correlation; crisis; data; edges; graph; markets; nodes; series; set; stocks; time; tree
• MULTI-CRITERIA METHODS AND MODELS FOR DECISION MAKING IN PUBLIC PROCUREMENT by Veselinović, Ivana (2015) - Triantaphillou, E. (2000), Multi-criteria decision making methods: A comparative study. Furthermore we will explain the basic concepts of multi-criteria decision making and the way of forming the multi-criteria model. Keywords: analysis; approach; criteria; criteria decision; criteria methods; criterion; decision; decision making; determination; making; method; number; process; procurement; selection; weights
• MACROECONOMIC FACTORS AND STOCK MARKET BEHAVIOUR: AN ANALYSIS OF THE 2008 CRISIS by Osamwonyi, Ifuero Osad; Audu, Godfrey Ayegbeni (2021) - The behaviour of stock market prices. Random walks in stock market price. Keywords: analysis; ardl; crisis; international; markets; oil; period; price; rate; relationship; returns; stock; stock market; stock returns; study; term; variables
• EFFECTUATION AND CAUSATION DECISION MAKING LOGICS OF MANAGING UNCERTAINTY AND COMPETITIVENESS BY NIGERIAN RETAIL BUSINESS ENTREPRENEURS by Ebegbetale, Christopher Idemudia (2021) - Causation logic was measured as a unidimensional construct with seven items while effectuation logic was measured as a multi-dimensional construct with thirteen items. These imply that the adoption of effectuation logic to management of uncertainty requires a comprehensive assessment of the business environment to ascertain which dimensions are appropriate at that point in time. Keywords: analysis; business; causation; competitiveness; data; decision; effectuation; entrepreneurs; logic; making; study; uncertainty
• THE IMPORTANCE OF INFORMATION TECHNOLOGIES FOR AUTOMOTIVE CLUSTER OF THE REPUBLIC OF SERBIA by Anđelković, Aleksandra; Barac, Nada; Radosavljević, Marija (2015) - Previous studies have shown that networking through clusters has increasing importance and role in the growth and development of enterprises, with the emphasis that in some cases these inter-organizational networks provide greater benefits for small and medium- sized rather than for large enterprises. The general conclusion based of the analysis is that there is a link among IT implementation and achievement of positive effects in certain business segments (Sharing information, Supply reliability, Inventory reduction, Cost reduction, Fast delivery, Product quality, Process continuity), which means that enterprises that have implemented IT generate positive effects in the observed fields. Keywords: analysis; application; case; cluster; correlation; effects; enterprises; implementation; information; number; sample; sharing; size; table

• INVESTIGATING FINANCIAL FRAUDS IN THE MODERN LANDSCAPE: A FORENSIC ACCOUNTING PERSPECTIVE IN THE COVID-19 ERA by Pavlović, Miloš; Đukić, Tadija; Gligorić, Čedomir (2023) - The progression of financial fraud over time, driven by technological advancements and shifting business environments, highlights the necessity for adaptive and innovative approaches to fraud detection and prevention. Alongside these challenges, the pandemic has also provided fertile ground for opportunistic individuals and organized groups to perpetrate financial frauds and scams. Keywords: accountants; accounting; activities; business; challenges; covid-19; data; fraud; fraudsters; landscape; pandemic
• DETECTING FRAUD IN ACCOUNTING USING SELECTED METHODS by Tušan, Radoslav (2024) - The hypothesis was confirmed - Beneish M-score and Benford's law indicated possible data manipulation, while the Quality of Net Income method did not reveal possible manipulation in one case. It contains eight variables to detect possible data manipulation. Keywords: accounting; beneish; benford; cash; data; fraud; income; law; manipulation; ratio
• SECTORAL STRUCTURE OF BANK LOAN PORTFOLIOS: A SINGLE COUNTRY EXPLORATORY STUDY by Marinković, Srđan; Minović, Jelena (2019) - With the supply side influences, we cover the reasons why credit providers may favor household credit over business credit and vice versa. On the other hand, the composition itself seems to have influence on economic growth, i.e. enterprise credit is found positively associated with the growth and income inequality reduction, while household credit is found unrelated. Keywords: assets; bank; business; credit; data; household; interest; loans; rate; ratio; savings; sector; structure

• A CHRONOLOGICAL ANALYSIS OF INFLATION DYNAMICS IN KENYA by Kimolo, Deogratius Wenceslaus; Odhiambo, Nicholaus; Nyasha, Sheilla (2023) - Additionally, the establishment of export processing zones and tax incentives for exporters would lead to increased investment in the export sector, higher production, and increased foreign exchange earnings, all of which would help reduce inflation rates in the country (Swamy, 1994; Killick & Mwega, 1990). By rationalizing expenditure, the government could reduce its spending, which would help reduce the budget deficit and the pressure on inflation rates (Swamy, 1994). Keywords: bank; central; dynamics; economic; exchange; government; inflation; inflation dynamics; kenya; monetary; mwega; percent; policies; policy; rate; reforms; trends; world
• AUTHENTICITY OF ECONOMIC PHENOMENA IN THE CONTEXT OF INCREASING INFLUENCE OF PSYCHOLOGISTIC APPROACH by Petrovic, Dragan; Kitanović, Dragoslav (2016) - THE RELATIONSHIP BETWEEN THE SOCIAL AND THE PSYCHOLOGICAL Generally speaking, there are two extreme views of the relations between social sciences and psychology. Therefore, from the perspective of social sciences, the key problem is the one of coordination, not optimization. Keywords: actions; behavior; economic; fact; individualism; phenomena; psychologism; psychology; science; social
• ROMANIA’S POPULATION DECLINE AND DEMOGRAPHIC FUTURE: SOCIO-ECONOMIC ASPECTS by Sala, Lucian Adrian (2018) - Birth rates and mortality rates are now declining, but mortality rates are lower than birth rates, leading to annual population growth. The second stage is the development stage, which is also known as the rapid expansion phase of the population, characterized by high birth rates and high mortality rates, with mortality rates lower in the first phase. Keywords: age; aging; birth; changes; decline; economic; future; increase; population; rates; romania
• BEHAVIORAL ANALYSIS OF ECONOMIC CHOICE: CONTRIBUTION TO IMPROVING ECONOMIC RATIONALITY by Petrovic, Dragan (2015) - On the other hand, one should not ignore the fact that the conception of the full and maximising rationality shows considerable weaknesses related to the real functioning of the economy, or related to the explanation in which way the real human mind brings economic decisions and how it adjusts itself to the circumstances of the real world. As the first ones who opposed the concept of the maximising, the representatives of behavioral economic theory should be mentioned. Keywords: behavior; choice; decisions; economic; fact; individuals; information; paternalism; people; rationality; state; theory

• MARKETING CULTURE IN FINANCIAL SERVICES WITH SPECIFIC REFERENCE TO RETAIL BANKING IN INDIA by Shanker, Ravi (2019) - Marketing culture refers to the pattern of shared values and beliefs that help individuals understand the marketing function and provide them with norms for behavior in the firm. The questionnaire uses 34 items measuring six dimensions of marketing culture, as identified by leading researchers. Keywords: banking; banks; culture; customer; dimensions; employees; firm; india; industry; journal; marketing; marketing culture; organization; orientation; quality; score; sector; sector banks; service

• THE ROLE OF MONETARY AND MACROPRUDENTIAL POLICIES IN PURSUIT OF FINANCIAL STABILITY by Jemović, Mirjana; Marinković, Srđan (2016) - Financial stability is a fundamental precondition for the development of any economy, and that is why regulatory agencies continuously monitor the risks that threaten financial stability. CONCLUSION Financial stability is a precondition for the development of any economy, causing regulatory authorities to monitor the risks that threaten financial stability on an ongoing basis. Keywords: bank; banking; central; crisis; institutions; monetary; policies; policy; price stability; role; stability; system
• HELIANT HEALTH INFORMATION SYSTEM AS A SUPPORT TO ELECTRONIC BUSINESS OF HEALTHCARE ORGANIZATIONS IN SERBIA by Rađenović, Žarko; Milovanović, Slavoljub; Milovanović, Goran (2017) - In this work, process analysis was conducted on the case of health information system Heliant Health, which is used in most public medical institutions of the Republic of Serbia. On the other hand, using a Gantt chart created on the basis of BPMN process, you should become familiar with the activities duration of providing healthcare services process and their percentage contribution to carry out the process of providing healthcare services supported by Heliant Health. Keywords: activities; business; health; healthcare; healthcare services; heliant; information; organizations; patient; process; processes; records; services; system
• BANK REGULATIONS IN MODERN FINANCIAL ENVIRONMENT by Todorović, Violeta; Jakšić, Milena; Tomić, Nenad Z (2017) - The paper analyzes the role and importance of bank regulations in ensuring safe and stable banking operations. Key words: bank regulations, regulatory changes, banking crisis, Basel regulations JEL Classification: G21, G28 INTRODUCTION The banking business is very dynamic and changes in line with the changing economic environment and regulations. Keywords: banking; banks; basel; capital; changes; crisis; environment; institutions; liquidity; operations; regulations; risk; stability; system
• EMPLOYEE MOTIVATION AND REWARD SYSTEM IN LOCAL GOVERNMENT by Novićević Čečević, Bojana Blagoje; Trklja, Radmila (2015) - Based on the answers to the last question from the questionnaire, it can be seen that the greatest motivator in the 'City of Pristina' is salary, and that there is no investment in new forms of rewarding (by proffesional specialization, seminars, training courses etc) in order to adopt to the newly formed business conditions and changes CONCLUSION AND RECOMMENDATIONS Dramatic changes in the environment, during which the traditional reward and motivation systems have lost track of time, created the need for establishing a new reward and motivation system based on non-material form of rewarding that is characteristic of new business environment. Business improvement, employees motivation, and knowledge generating is certainly a major problem in most of transition countries. Keywords: answers; business; city; conditions; employees; government; graph; motivation; number; question; respondents; reward; structure; system; work

• CREATIVE ACTIVITIES VALUATION USING A TOPSIS – BASED DECISION SUPPORT ALGORITHM by Madudova, Emilia; Palencikova, Zuzana (2019) - The creative tourism is not well developed in the Slovak Republic yet, and there is no theoretical evidence what kind of creative tourism activities the tourists are most interested in. The respondents were to mark the category (specification) connected with creative tourism activity related to importance. Keywords: activities; activity; art; courses; creativity; criteria; experience; republic; table; tourism; tourists

• IMPERATIVES OF STRATEGY IN HUMAN RESOURCE TRAINING OF SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA by Nafiu, Akeem Tunde; Obaje, Folashade Olufunke; Yakubu, Salisu (2016) - This study focused on the imperatives of strategy in human resource training for Small and Medium scale Enterprises in Nigeria. The study therefore recommends that SME owners should integrate effective strategy to human resource training such that growth objectives can be facilitated and achieved. Keywords: business; employees; nigeria; owners; resource; resource training; smes; strategy; study; training
• PERCEPTION OF EPISTEMIC AUTHORITY AND RELIANCE ON IT AMONG EMPLOYEES OF DIFFERENT GENERATIONS TOWARDS THEIR DIRECT MANAGERS IN GREEK ORGANIZATION “X” by Kruope, Linda; Blumberga, Solveiga (2024) - Respondents from Generation Y show a slightly higher level of epistemic authority reliance than those from Generation X but significantly lower than Generation Z. The next two most important reasons for epistemic authority reliance for Generation Z are shared “opinion” with the authority and “subjective compassion”. Keywords: authority; employees; epistemic; expertise; factors; generations; knowledge; manager; p=0.000; perception; reliance; trust
• INTERRELATIONSHIP BETWEEN WORK AND PRIVATE LIFE OF EMPLOYEES - CONFLICT OR BALANCE? by Mladenović, Milica; Krstić, Bojan (2021) - Negative (inter)relationship between work and private life of employees: research results Similarities can be noticed between the early and the contemporary papers published on the topic of work-life conflict, in the sense that striving to succeed in their careers and/or the desire to form a family have been influencing work and private lives of employees both in the past and at present, which can be noted in the following examples from previous research. Different theoretical types and forms of conflict between work and private life of employees Conflict between work and private life can be viewed as role overload i.e. simultaneous pressures of employees' work and private life roles, where fulfilling each of the roles impedes fulfilling the other one (Greenhaus et al., 2000). Keywords: balance; conflict; employees; family; job; journal; life; life balance; life conflict; research; satisfaction; time; wlb; wlc; work

• ADOPTION AND IMPLEMENTATION OF INFORMATION TECHNOLOGY IN SMALL AND MEDIUM ENTERPRISES by Milovanović, Slavoljub (2015) - Researches in IT implementation have primarily focused on large corporations, but results of the researches may not be fully applicable in small and medium enterprises and there is need to investigate specificity of IT adoption and implementation in SMEs. Key Words: Information Technologies, IT adoption, IT implementation, Small and Medium Enterprises, Groupware. Keywords: adoption; enterprises; factors; groupware; implementation; information; innovation; knowledge; smes; systems; technology

• VALIDATION STUDY ON THE SUBJECTIVE AND OBJECTIVE QUALITY OF LIFE OF EMPLOYEES – THE CASE OF THE REPUBLIC OF SERBIA by Ilić, Ivana M.; Petrović-Ranđelović, Marija (2024) - This methodology stands in opposition to a subjective one that prioritizes cognitive factors when evaluating life quality and considers it to be the same as a person's happiness or satisfaction. State of the art report on life quality assessment in the field of transport and mobility. Keywords: comqol; correlation; cummins; domains; health; indicators; individual; life; life scale; quality; reliability; research; scale; values

• INTERACTION OF SOCIAL AND INTELLECTUAL CAPITAL - KEY PRECONDITION FOR CREATION OF NEW KNOWLEDGE AS ORGANIZATIONAL COMPETITIVE ADVANTAGE by Mikovic, Radmila; Petrovic, Dejan; Mihic, Marko; Obradovic, Vladimir (2016) - The paper first gives an overview of the key theoretical interpretations of social and intellectual capital and thereafter analyses how structural, cognitive and relational dimension of social capital, through exchanging and combining with existing intellectual capital, creates new intellectual capital. Therefore, it can be said that the process of generating intellectual capital through social capital is a value basis for creating new knowledge and organizational competitive advantage. Keywords: capital; combining; creation; exchange; ghoshal; knowledge; nahapiet; network; new; organization; theory; ties
• THE ROLE OF HUMAN CAPITAL IN ENTREPRENEURIAL INNOVATIVENESS: EVIDENCE FROM SERBIA by Simic, Marijana; Slavkovic, Marko (2019) - The relevance of these results is justified by the fact that the information obtained through research, can be used to implement a more efficient and effective human resources management system in entrepreneurial ventures. The field of education defines the degree of innovativeness and flexibility, as the basic preconditions for the establishment and survival of entrepreneurial ventures. Keywords: business; capital; education; efficacy; entrepreneurs; experience; innovativeness; knowledge; new; research; self; skills; venture
• DOMESTIC AND EXTERNAL FACTORS OF CURRENCY CRISES by Marković, Milan (2015) - Key words: currency crises, exchange rate, speculative capital, expansionary monetary policy, monetary stability. Dornbusch’s work exhaustively explains how anti-inflation strategy by fixing exchange rate may cause a currency crisis. Keywords: balance; capital; crises; currency; exchange; exchange rate; policy; rate

• NEW METHODOLOGY TO STUDY CONTAGION BETWEEN WESTERN AND EMERGING EUROPE: A SWITCHING COPULA APPROACH by Radev, Deyan (2021) - Horváth et al. (2018) apply VAR models and quantile regressions to measure financial contagion as defined by Forbes and Rigobon (2002) and find evidence that general dependence between WE and CEE stock markets increases during crises. Stock market contagion in Central and Eastern Europe: unexpected volatility and extreme co-exceedance. Keywords: cee; contagion; copula; crisis; dependence; europe; markets; state; stock; tail; volatility; western; 𝐼𝑡−1

• SHORT-TERM FORECASTING OF BELEXLINE AND BELEX15 MOVEMENTS by Jakšić, Milena; Milanović, Marina; Stojković, Dragan (2020) - In this respect, the time series analyses relative to the share prices and stock market index values from the past are suitable for use along with the technical analysis. With this in mind, future research concerning the field of short-term forecasting of BELEX15 and BELEXline index values may apply other well-utilized methods for this type of research (e.g. the Box-Jenkins (ARIMA) methodology and neural networks model). Keywords: belex15; belexline; forecasting; index; methods; series; stock; time; values; winters

• THE MECHANISMS OF COMPETITION PROTECTION – SIGNIFICANCE OF APPLYING “THE RULE OF REASON” by Arsić, Sonja (2016) - In spite of the boycott, the application of this rule was accepted by European courts (not officially) in the mid 80s of XX century, and the rule is very often used even today for the analyzing of the positive and negative effects of restrictive competition agreements. This rule is even today applied in American and European court practice, but only to the agreements which represent the hardest competition rights breaking, like fix prices agreements, markets dividing agreements, trade limitation agreements and others. Keywords: act; agreement; american; case; competition; competition law; court; european; law; reason; rule; sherman

• IMAGE OF FUJIAN PROVINCE AS A TOURIST DESTINATION – A FOREIGNER’S PERSPECTIVE by Blažević, Marko; Chen, Guisong (2018) - (in which 1 = most frequently used and 10 = least frequently used); (3) How would you assess, in general, the quality of Fujian province tourism promotional campaigns on the Internet and social networks? This article aims to identify the image of Fujian province as a tourist destination in international markets, in order to support a discussion on how to improve tourism experience for foreign tourists. Keywords: destination; destination image; fujian; fujian province; image; people; province; quality; research; respondents; tourism; tourist destination; tourists
• FACTORS AFFECTING CUSTOMER LOYALTY IN THE BUSINESS MARKET - AN EMPIRICAL STUDY IN THE REPUBLIC OF SERBIA by Lepojević, Vinko; Đukić, Suzana (2018) - The first aspect relies on understanding that customer satisfaction influences the resulting behavior, such as: re-purchase (Trasorras et al., 2009), customer loyalty (Bowen & Chen, 2015), giving recommendations to others 248 V. LEPOJEVIĆ, S. ĐUKIĆ (Ulaga & Eggert, 2006), but also purchase cessation, complaints, negative verbal advertising, in case of lower satisfactory degree of complete dissatisfaction. High degree of customer satisfaction often creates confidence and commitment between parties in interaction, which increases customer loyalty and duration of relationships. Keywords: business; buyer; commitment; customer; customer loyalty; customer satisfaction; factors; loyalty; quality; relationship; research; satisfaction; service; trust

• CARBON ACCOUNTING IN THE PUBLIC SECTOR – CHALLENGES, APPROACHES AND PERSPECTIVES FOR MUNICIPALITIES by Stojanović-Blab, Maja; Lutter, Milena; Blab, Daniel (2022) - This is because the key to limiting climate changes lies in reducing GHG emissions to the point of complete GHG neutrality. This set limits on GHG emissions for the first time. Keywords: accounting; carbon; change; city; climate; emissions; energy; gas; ghg; greenhouse; municipalities; scope; wri

• ACTIVITY-BASED COSTING IN HEALTH CARE ORGANIZATIONS by Antić, Ljilja; Sekulić, Vesna (2017) - Focused on activities and processes within the organization, this concept, using appropriate cost drivers, provides more accurate information on activity costs and costs objects. To allocate activity costs of providing space and food as cost driver the number of patient days Activity Based Costing in the Health Care Organizations 359 of stay is used, so these costs per day amount to 100 m.u. (1,000,000 m.u. : 10,000 days), and for allocation of costs of patient care activities the cost driver is the number of hours of patient care so these costs per hour of care is 20 m.u. (1,000,000 : 50,000 hours). Keywords: activities; activity; business; care; care organizations; costing; costs; health; health care; nonprofit; organizations; patient; services

• THE RELATIONSHIP BETWEEN POPULATION AGING AND MEDICAL EXPENDITURES IN ROMANIA by Sala, Lucian Adrian (2020) - Key words: population ageing, population decline, demographic transition, healthcare expenditures, multiple linear regression JEL Classification: C12, J11 Received December 23, 2019 / This demographic trend is expected to continue over the coming decades with adverse effects on social, economic and political spheres of influence, but most notably on the healthcare industry that may come under tremendous stress from a sharp increase in healthcare expenditures (HCE). Keywords: ageing; ages; capita; eurostat; expenditures; healthcare; healthcare expenditures; increase; individuals; life; population; regression; relationship; romania; share; years

• WELLNESS SPA – A SPECIFIC FORM OF HEALTH TOURISM by Šušić, Vukašin; Dimitrijević, Dobrinka (2015) - The tendency to enjoy a relaxing environment turned into a global movement with a significant difference compared to the traditional concept of health spas as a destination mainly for specialized rehabilitation. spas-hospitals receiving patients whose costs are covered by their health insurance (they are not market-oriented and tourist-oriented);  tourist spas, which, in addition to offering treatment and rehabilitation, offer other forms of rejuvenation and health perservation (treatments that are carried 74 V. ŠUŠIĆ, D. DIMITRIJEVIĆ out here are designed as tourist services and are offered on the tourism market, thus representing a mixed type of spas in terms of funding sources)  market-oriented spas, which are organized as wellness spa centers (destinations). Keywords: centers; health; health tourism; medical; mineral; physical; services; spa; spa tourism; spas; tourism; treatments; wellness; wellness tourism

• EDITORIAL by Stanković, Jelena Z.; Denčić-Mihajlov, Ksenija; Petrović, Evica; Spasić, Dejan (2021) - i - ii © 2021 by University of Niš, Serbia | Creative Commons Licence: CC BY-NC-ND EDITORIAL Sustainable finance, insurance and reporting aim to consider various environmental, social and governance issues that can impact both the sustainable growth of the company and sustainable development of the global financial system and the overall economy. The sustainable banking has conditioned the transformation of banks in the direction of their greater corporate eco-efficiency and the development of banking products and services that contribute to sustainable development. Keywords: insurance; issue; reporting; sustainability

• APPLICATION OF UNCONVENTIONAL MONETARY POLICY INSTRUMENTS IN MITIGATION OF THE ECONOMIC CONSEQUENCES OF THE COVID 19 VIRUS PANDEMIC by Đorđević, Marina; Đurović Todorović, Jadranka; Ristić Cakić, Milica (2020) - Given the low reference interest rate and the use of unconventional instruments and monetary policy measures, the movement of the monetary aggregate M1 shows a growing trend in the first quarter of 2020. After these central banks, a large number of central banks in the world have approached the use of unconventional instruments and monetary policy measures, such as QE and “helicopter money”. Keywords: application; bank; central; easing; economy; helicopter; instruments; interest; japan; measures; money; policy; rates; use

• THE INFLUENCE OF NATIONAL CULTURE ON CERTAIN TYPES OF ORGANIZATIONAL CULTURE by Nikčević, Gordana (2014) - To explain the influence of national culture on certain forms of organizational behavior, the author uses Hofstede dimensions of national cultures. National culture, among other factors, largely determines organizational behavior. Keywords: avoidance; changes; communication; culture; distance; influence; members; national; organization; power; uncertainty; values

• RISK PERCEPTION AND ATTITUDES IN ALBANIA: AN EXPLORATORY STUDY by Zylfo, Albi; Pojani, Elona (2021) - Key words: Risk perception, Albania, age effect, gender effect, financial risk, life-style risk JEL Classification: D81 Received May 17, 2021 / Revised July 17, 2021 Accepted July 21, 2021 Corresponding author: Elona Pojani University of Tirana, Faculty of Economics, Department of Finance, Str. The interview questions aimed at investigating the tolerance towards financial risk, health risk and life-style risk. Keywords: age; albania; attitude; factors; gender; health; journal; people; perception; qualitative; research; risk; risk tolerance; study; tolerance

• ONE-STOP SHOP SOLUTIONS FOR RESIDENTIAL BUILDING ENERGY RENOVATION: BENEFITS AND CHALLENGES by Karakosta, Charikleia; Corovessi, Alice (2024) - Apart from this introductory section, the paper follows with a summary of the most related to buildings energy renovation in a view of energy transition European policies and the presentation of the concept of OSSs. One-stop shops for residential building energy renovation in the EU: analysis & policy recommendations, Publications Office. https://data.europa.eu/doi/ 10.2760/245015 EC - European Commission, Directorate-General for Energy (2019). Keywords: benefits; building; challenges; efficiency; energy; energy efficiency; energy renovation; homeowners; osss; projects; renovation; services; stop; transition

• INFORMATIONAL SCOPES AND THE AREA OF APPLICATION OF THE EQUITY METHOD by Sekerez, Vojislav (2020) - Key words: significant influence, joint control, equity method, consolidated financial statements, separate financial statement. Research in this paper will be focused on the basic characteristics and the way of functioning of the equity method, with special reference to the comparative analysis of differences in accounting treatment of the most important aspects of investments’ valuation, those occurring from the application of equity method and acquisition method. Keywords: application; assets; control; equity method; ias; influence; investee; investments; investor; ownership; statements

• EXPECTED UTILITY THEORY UNDER EXTREME RISKS by Stanković, Jelena Z.; Petrović, Evica (2016) - Expected utility theory provides a framework for modeling choice of a rational individual, whose goal is to maximize expected utility to the preferences towards risk. Therefore, this paper will provide a review of models of decision-making in terms of expected utility theory under extreme risk. Keywords: alternatives; decision; function; individual; outcomes; probability; risks; theory; url; utility; utility function; utility theory; volume

• UPDATE OF THE CRAWL, WALK, RUN METHODOLOGY FRAMEWORK by Filipović, Jelena (2019) - In nowadays media landscape there are hundreds of social media sites that target smaller groups of users with specific interests. Social media marketing: Comparative effect of advertisement sources. Keywords: advertising; community; content; crawl; cwrm; framework; marketing; media; networks; research; run; site; tools; users; walk; web

• ORGANIZATIONAL BEHAVIOUR AND LEADERSHIP: CHALLENGES OF THE DIGITAL AGE Authors: Jamila Jaganjac and Jelena Lukić Nikolić by Anđelić, Slavica (2023) - The first chapter is devoted to organizational behaviour and the effects of digital technologies on the process of organizational digital transformation. Accepted November 27, 2023 Corresponding author: Slavica Anđelić Modern Business School, Terazije 27, 11000 Belgrade, Republic of Serbia | E-mail: slavicaandjel@gmail.com https://orcid.org/0000-0003-4021-0822 mailto:slavicaandjel@gmail.com 244 BOOK REVIEW The third chapter is focused on leadership theories and styles suitable for digital age. Keywords: age; chapter

• MAXIMIZING SALES UNDER CONDITIONS OF NONLENARTY by Petković, Nina Kosta; Bozinovic, Milan (2016) - Key words: Nonlinear programming, Kuhn-Tucker conditions, revenue function, demand INTRODUCTION Problems in nonlinear programming appear when the objective function, that is, a corresponding system of constraints, is defined by nonlinear dependencies. Since revenue function Pu(x) is unknown as well as total expenses Tu(x) and total income Du(x) functions, the first step is to compute these functions on the basis of statistical discrete data set, i.e. the empirical data we gained after having conducted a survey in the above Maximizing Sales under Conditions of Nonlenarity 275 mentioned company. Keywords: conditions; following; function; kuhn; problem

Epilogue

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Created: 2025-12-24