BH Ekonomski forum最新文献

The importance of technological progress in measuring economic growth in Bosnia and Herzegovina 技术进步在衡量波斯尼亚-黑塞哥维那经济增长方面的重要性

BH Ekonomski forum Pub Date : 2020-08-26 DOI: 10.5937/BHEKOFOR2001035H

Faruk Hadžić

{"title":"The importance of technological progress in measuring economic growth in Bosnia and Herzegovina","authors":"Faruk Hadžić","doi":"10.5937/BHEKOFOR2001035H","DOIUrl":"https://doi.org/10.5937/BHEKOFOR2001035H","url":null,"abstract":"Economic growth is one of the most important concepts in the world economy. Although some authors critically believe that the level and rates of economic growth do not necessarily reflect the actual standard of living, it still remains the main way to measure a country's well-being. Different views on the topic of economic growth, as well as the factors that influence it, have been present throughout the history of economic thought from the very beginning. Unlike many theories of economic growth, which believe that in the long run there will be diminishing returns on factors of production such as labor and capital, Paul Romer in his theory of endogenous growth believes that technological progress, through knowledge accumulation, idea creation and innovation, leads to increasing returns, and thus contributes more to long-term economic growth, unlike other factors. In this paper, on the example of economic growth in B&H, the hypothesis that the activities of knowledge-based services contribute more to the gross domestic product, compared to other sectors was tested. To prove the hypothesis, a multiple linear regression model was made based on a time series of 48 consecutive quarterly values of B&H gross domestic product and sectoral gross value added according to the income and production approach. In the model, activities were grouped into those that are predominantly labor-intensive, knowledge-based services, personal and social services, and other activities. The results showed that the average value of gross value added per worker employed in the sectors of knowledge-based services has a 2.5 higher contribution compared to a worker in the labour-intensive sectors and a 2.47 higher contribution compared to one worker in the personal and social services segment. Also, tests of the implemented model show that additional employment in the sectors of knowledge-based services leads to accelerated economic growth in B&H.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121628283","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Tangible assets depreciation issues 有形资产折旧事项

BH Ekonomski forum Pub Date : 2019-07-22 DOI: 10.5937/bhekofor1901107k

Inela Karić Zvekić

{"title":"Tangible assets depreciation issues","authors":"Inela Karić Zvekić","doi":"10.5937/bhekofor1901107k","DOIUrl":"https://doi.org/10.5937/bhekofor1901107k","url":null,"abstract":"Buildings, machinery, equipment, furniture, computers, parking lots, cars, and trucksare examples of tangible assets that will not last indefinitely, but more than one year.During each accounting period, a portion of the cost of these assets is being usedup. Each company, due its establishment, procures tangible assets as the base forits operation. If you are responsible person (CEO) in the production company, it isnot unusual if you find out that some of your production assets are still in operation,but they were completely depreciated. By this way, main accounting principles forreporting on tangible assets (cost and revenue matching principle) are not respected.The way the CEO solve this problem can have big impact on costing price and profitor loss at the end of the year. Problem is that useful life of asset was not properlyassessed or revised. As result, carrying amount and income in financial statementsare not correct. Solving these problems is very important for creating consolidationstatements and representing financial statements due to International Financial ReportingStandards, especially if large audit firms audit financial statements. The aimof this work is to help understanding theoretical and practical issues on tangible assets,especially depreciation, trough analyzing available literature, scientific workswritten world abroad and practical research made by author.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125435611","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Application of EN ISO 9001:2008 and EN ISO 9004:2009 standards and business performances improvement of small and medium enterprises in Bosnia and Herzegovina 波斯尼亚和黑塞哥维那中小企业应用EN ISO 9001:2008和EN ISO 9004:2009标准及经营绩效改善

BH Ekonomski forum Pub Date : 2019-07-22 DOI: 10.5937/BHEKOFOR1901091H

Dijana Husaković, Edis Mujčinović

{"title":"Application of EN ISO 9001:2008 and EN ISO 9004:2009 standards and business performances improvement of small and medium enterprises in Bosnia and Herzegovina","authors":"Dijana Husaković, Edis Mujčinović","doi":"10.5937/BHEKOFOR1901091H","DOIUrl":"https://doi.org/10.5937/BHEKOFOR1901091H","url":null,"abstract":"The system of quality management in accordance to standards of ISO 9000 series intoday’s dynamic environment is rapidly becoming the business imperative for companies,especially for small and medium enterprises which strive to increase competitivenessand improve their business performances. The link between standards andbusiness performances has been capturing a lot of attention of academic community,which mainly focuses on a different benefits that companies can achieve by adequatelyimplementing these standards.The research presented in this paper focuses on small and medium entreprises inB&H which have an established system of quality management in accordance toISO 9000 series standards in order to determine whether companies apply thesestandards in a way to improve their business performances and increase their competitiveness.The research results show that the requirements of ISO 9001:2009 standard are notadequately implemented in small and medium companies in B&H, which furtherimplicates their indisposition for the application of ISO 9004:2009 standard. Therefore,full positive effects of these standards on business performance and competitivenessimprovement of companies are not achieved.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"97 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130946126","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Government's excessive spending and private sector's access to bank credit: Evidence from the Republic of North Macedonia 政府过度支出和私营部门获得银行信贷:来自北马其顿共和国的证据

BH Ekonomski forum Pub Date : 2019-07-22 DOI: 10.5937/BHEKOFOR1901041M

Nina Mojsova-Kjoseva, Martin Noveski

{"title":"Government's excessive spending and private sector's access to bank credit: Evidence from the Republic of North Macedonia","authors":"Nina Mojsova-Kjoseva, Martin Noveski","doi":"10.5937/BHEKOFOR1901041M","DOIUrl":"https://doi.org/10.5937/BHEKOFOR1901041M","url":null,"abstract":"Due to the crucial role of credit in the economic activity of a country, there is agrowing empirical literature examining the determinants of domestic credit to theprivate sector, which may be demand-side or supply-side factors. It is commonlyheld that excessive domestic debt reduces private sector credit, raise bank lendingrates, and shrink output as the Government competes with the private sector forprivate savings. For this reason, the aim of this paper is to determine whether persistentbudget deficit in the Republic of North Macedonia negatively affects the privatesector’s access to bank credit, and hence slowing down the economic activity.The analysis considers both, short-run and long-run relationship between domesticcredit to private sector provided by banks and budget balance in North Macedonia,as endogenous variables, but also it takes into account the influence of several otherexogenous factors. The methodological approach is consisted of visual inspectionof the data, correlation analysis, co-integration and causality tests, as well as estimationof the impulse response function and variance decomposition. Based on theestimated VECM model, the results show statistically significant long-run relationshipbetween the endogenous variables, and no short-run causality in any direction.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123796630","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Representation and development of electronic commerce in companies in Bosnia and Herzegovina 波斯尼亚和黑塞哥维那公司电子商务的代表和发展

BH Ekonomski forum Pub Date : 2019-07-22 DOI: 10.5937/bhekofor1901053u

Faruk Unikić

{"title":"Representation and development of electronic commerce in companies in Bosnia and Herzegovina","authors":"Faruk Unikić","doi":"10.5937/bhekofor1901053u","DOIUrl":"https://doi.org/10.5937/bhekofor1901053u","url":null,"abstract":"Development of the world’s information technology and their influence on all aspectsof human life and work is largely reflected in the areas of Bosnia and Herzegovina.This is the time when most of the companies switch to the electronic way of doingbusiness. Today, without Internet and electronic business, it is virtually unthinkableto realize the online business objectives and the more efficient to spend businessprocesses.We made research in the purpose of knowing how the electronic trade is representedin the business world in Bosnia and Herzegovina, if it is accepted by companies,institutions and others, if they are used and what they think about electronic trade.The aim of the work is to explore the representation and development of electroniccommerce in companies in Bosnia and Herzegovina, as well as to examine the prerequisitesthat must be fulfilled for the successful development of electronic commerce.The research was based on conducting the survey with approx. 250 companies inBosnia and Herzegovina. Interviewing was carried out electronically. The limitationsof research consist in the fact that the research was carried out in a developingcountry where the use of information technologies is on a lower level than in developedcountries.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122351312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The limitations of entrepreneurship development in Bosnia and Herzegovina with special emphasis on tax regulations and procedures 波斯尼亚-黑塞哥维那企业发展的局限性，特别强调税收条例和程序

BH Ekonomski forum Pub Date : 2019-07-22 DOI: 10.5937/BHEKOFOR1901021M

Jasmina Mangafic, Danijela Martinović, S. Masic

{"title":"The limitations of entrepreneurship development in Bosnia and Herzegovina with special emphasis on tax regulations and procedures","authors":"Jasmina Mangafic, Danijela Martinović, S. Masic","doi":"10.5937/BHEKOFOR1901021M","DOIUrl":"https://doi.org/10.5937/BHEKOFOR1901021M","url":null,"abstract":"Small and medium-sized enterprises account for over 99% of active businesses inBosnia and Herzegovina, and face a number of limitations when performing theirbusiness activities. A number of those limitations relate to the nature of small andmedium-sized enterprises, but most are due to the inadequate legal and regulatoryframework for doing business. A disincentivised business environment and lack ofa unified economic policy and sector strategies further complicate the position ofsmall and medium-sized enterprises. The aim of this paper is to show the limitationsfaced by these companies. To this end, an investigation involving 119 small and medium-sized enterprises in Bosnia and Herzegovina was conducted.Convenience sampling was used in the research. Based on the survey, it is evidentthat respondents rated the tax burden factor (the tax structure and taxation process)the most problematic. This finding corresponds with Doing Business’ 2019 surveyresults.A section of this paper is devoted to the fiscal aspect of doing business: tax regulationsand the overall tax burden and taxation procedures. It shows that the magnitudeof the fiscal burden, the complexity of tax regulations and the inconsistency andcomplexity of the taxation system are a significant burden on small and medium-sizedenterprises. The paper concludes with recommendations for more efficient andsimpler tax regulation.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128006337","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Shift-share employment analysis of cantons in the Federation of Bosnia and Herzegovina 波黑联邦各州变动份额就业分析

BH Ekonomski forum Pub Date : 2019-07-22 DOI: 10.5937/bhekofor1901079h

Jasmin Halebić, Alem Merdić

引用次数: 0

Impact of corporate governance attributes on audit report lag of corporate: The case of BIST-30 公司治理属性对公司审计报告滞后的影响——以BIST-30为例

BH Ekonomski forum Pub Date : 2019-07-22 DOI: 10.5937/BHEKOFOR1901009Q

Ahmet Şit Kilis, Burak Büyükoğlu, İ. Halil

引用次数: 1

Evaluation of the revised Z'-score model as a predictor of a company's financial failure 评估修订后的Z'-score模型作为公司财务失败的预测因子

BH Ekonomski forum Pub Date : 1900-01-01 DOI: 10.5937/bhekofor2201011k

E. Kozarević, Dženita Pirić

{"title":"Evaluation of the revised Z'-score model as a predictor of a company's financial failure","authors":"E. Kozarević, Dženita Pirić","doi":"10.5937/bhekofor2201011k","DOIUrl":"https://doi.org/10.5937/bhekofor2201011k","url":null,"abstract":"Under contemporary business conditions, there are numerous models used for the assessment of a company's financial situation and the prediction of the likelihood of its bankruptcy. These models have been mainly developed using the company's financial information. One of them is the Altman Z-score model. The model separates financially successful and stable companies from those having difficulties in business and headed for bankruptcy. This paper explains the importance of prudential information, basic financial statements and financial indicators and presents the research aimed at evaluating the applicability of the revised Altman Z'-score model in the Federation of Bosnia and Herzegovina (FBiH). Based on financial information, the paper analyzes the business activities of 50 large manufacturing companies in FBiH. The revised Z'-score model achieved a relatively good result in assessing the companies with business difficulties as it correctly classified 10 out of 20 companies; the other 10 companies were not incorrectly classified into the companies with the stable business but they were placed in the grey zone. The model proved completely reliable in the classification of all 30 companies with stable businesses. The research results indicate that the revised Altman Z'-score may be used as the predictor of the financial failure of manufacturing companies in FBiH. This model is definitely the tool that may assist while making business decisions. However, due to the specific business environment in FBiH, the model is recommended to be used as an additional rather than the basic indicator for predicting financial failure.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"81 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116097152","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

A bibliometric overview of transformational leadership: Performance relationship 变革型领导的文献计量学综述:绩效关系

BH Ekonomski forum Pub Date : 1900-01-01 DOI: 10.5937/bhekofor1902039m

Alisa Mujkić, Senad Softić

{"title":"A bibliometric overview of transformational leadership: Performance relationship","authors":"Alisa Mujkić, Senad Softić","doi":"10.5937/bhekofor1902039m","DOIUrl":"https://doi.org/10.5937/bhekofor1902039m","url":null,"abstract":"Previous research highlighted undoubtedly positive impact of transformational leadership on a wide range of performance, including its follower, individual and organizational levels. However, the focus to date has mainly been on the concept’s empirical underpinnings and, hence, the purpose of this study is to present and clarify the intellectual structure of transformational leadership – performance relationship studies. Building on the bibliometric analysis, we have provided the information on publishing trends, the most prolific countries and authors that shape this relationship, whereas term analysis provides a taxonomy for ongoing and recommended upcoming research in the field. The results showed a) the field is under a surprisingly strong influence of a diversified research context along with the focus on the well-recognized and expected Anglo-American region; b) there are five clusters which have been recognized as representatives of the field; c) scarcity of research into sales and managerial performance has been identified which indicates that there is a considerable potential for wide-ranging research in fields of marketing and management in general. In the context of contribution, this study provides a reference to researchers entering this field, as well as guidance for future research.","PeriodicalId":187409,"journal":{"name":"BH Ekonomski forum","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124893510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2