Goran Milovanović, Goran Radisavljević, S. Milanović
{"title":"CHANGES IN FISCAL DEFICIT AND PUBLIC DEBT OF THE REPUBLIC OF SERBIA DURING THE COVID-19 PANDEMIC PERIOD","authors":"Goran Milovanović, Goran Radisavljević, S. Milanović","doi":"10.22190/fueo220203016m","DOIUrl":"https://doi.org/10.22190/fueo220203016m","url":null,"abstract":"The aim of this paper is to consider the nature of changes in the fiscal deficit and public debt of the Republic of Serbia and propose measures to reduce them, based on the analysis of selected statistical and academic sources. The fiscal deficit and the public debt of the Republic of Serbia constitute the subject determination of the paper. After presenting certain effects of the COVID-19 pandemic, the authors investigate: the causes of the change in the fiscal deficit and public debt of the Republic of Serbia; the impact of the COVID-19 crisis on the fiscal deficit and public debt of the Republic of Serbia; and the activity of the government in terms of reducing the fiscal deficit and public debt of the Republic of Serbia. The knowledge that is the result of this research should: contribute to the improvement of fiscal discipline; enable the determination of factors that make public debt and GDP growth sustainable taking into account fiscal constraints and risks.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"30 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82368158","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}
{"title":"CONSUMERS’ KNOWLEDGE OF PRODUCTS WITH GEOGRAPHICAL INDICATIONS IN SERBIA","authors":"Dubravka Užar","doi":"10.22190/fueo220806015u","DOIUrl":"https://doi.org/10.22190/fueo220806015u","url":null,"abstract":"The main purpose of this study is to shed light on consumers’ knowledge of geographical indications in Serbia. We therefore present the results obtained from a consumer survey on a sample of 806 respondents in the territory of Serbia. Differences in consumers’ knowledge of geographical indications as well as in the self-perceived level of knowledge of GI food were tested according to several socio-demographic criteria. The results showed that there are significant statistical differences in gender, age, and level of education regarding consumer knowledge of GIs. In addition, the respondents indicated a low level of knowledge about the GIs, qualities, benefits, and method of production of these products, as well as the existence of an adequate control system. As consumers consider themselves insufficiently informed, this finding suggests that it is necessary to undertake actions that will contribute to the consumers’ education and information. Based on the obtained results, recommendations useful for marketing managers, decision-makers, agricultural producers as well as future research are given in the paper.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83491560","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}
{"title":"ANALYSIS OF THE IMPACT OF REPORTING ON ENVIRONMENTAL PERFORMANCE INDICATORS ON THE PROFITABILITY OF EUROPEAN COMPANIES","authors":"Aleksandar Savić, Ljiljana Bonić","doi":"10.22190/fueo220529013s","DOIUrl":"https://doi.org/10.22190/fueo220529013s","url":null,"abstract":"The research in this paper is focused on the analysis of the environmental performance indicators reporting impact in the context of sustainable development on the profitability of companies. The research focuses on 60 companies in the energy sector in Europe in the period 2012-2020. Reports on sustainable development of companies available in the database of the Global Reporting Initiative (GRI) were used for the collection of data. The independent variables in this study are nine indicators of the environmental performance of sustainable development. The dependent variable is the profitability of the company, which is measured by the rate of return on total assets (ROA). The method of multiple linear regression will be used to analyze the impact of reporting on environmental performance indicators of sustainable development on the profitability of energy companies in Europe. Empirical results of this research have shown that reporting on environmental performance indicators of sustainable development has a positive effect on company profitability indicators.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"93 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83463522","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}
{"title":"TESTING THE APPLICABILITY OF THE CAPM MODEL USING SELECTED SHARES LISTED ON THE BELGRADE STOCK EXCHANGE","authors":"Miloš Đaković, Jelena Andrašić, Danica Cicmil","doi":"10.22190/fueo220614014d","DOIUrl":"https://doi.org/10.22190/fueo220614014d","url":null,"abstract":"One of the basic types of portfolio valuation as well as valuation of individual company shares is the CAPM (Capital Asset Pricing) model, which uses a well-known measure of systemic risk in its analysis, which is beta. The CAPM model in its analysis uses the link between the systemic risk measure (beta) and the expected market return. Guided by this model, the analysis of monthly returns of selected shares on the Belgrade Stock Exchange in the period from 2011 to 2021 was performed in this research. In the research, the beta coefficient of selected shares was calculated with the help of the covariance of market return and stock return. The results and their statistical value were confirmed by the linear regression test. The rest of the research tests the applicability of the CAPM model to selected actions and in the same way, the SML (security market line) is devised, which is a graphical representation of the model. The research indicated that the basic assumptions of the CAPM model are not applicable as a predictor of future expected returns of selected shares on the Belgrade Stock Exchange due to various other elements that affect price movements and returns of selected shares not covered by the model.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90932276","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}
{"title":"THE IMPACT OF DEMOGRAPHIC DIFFERENCES ON EMPLOYEE SATISFACTION WITH BENEFITS AND PERKS: EVIDENCE FROM SERBIAN FINANCIAL SECTOR","authors":"Anđela Lazarević, Ivana Marinović Matović","doi":"10.22190/fueo220217008l","DOIUrl":"https://doi.org/10.22190/fueo220217008l","url":null,"abstract":"After the downfall of socialist regimes, human resource management systems in transition countries like Serbia were transformed, establishing entirely new employee compensation system. In this paper, the most common benefits and perks in the Serbian financial sector, as well as their significance for the employee satisfaction are explored, with the focus on the effectiveness of its structure. The investigation of differences in impact of benefits and perks on employee satisfaction is performed with respect to gender, education, age, and job position of the respondents. The empirical research is conducted by a survey questionnaire. Results suggest that there are no differences in employee satisfaction between respondents of different genders, and education, while partial differences in employee satisfaction are confirmed with respect to age, and job position. The results indicate that benefits and perks in Serbian financial sector should be better structured, and provide guidelines for the investigation of more favorable total compensation package.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"181 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80234624","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}
Raj Kumar Guntuku, Shravan Boini, Kaustav Mukherjee, Ravi Shankara Kummeta
{"title":"EFFECT OF EMPLOYER-EMPLOYEE RELATIONSHIP ON EMPLOYEE ENGAGEMENT AND TASK PERFORMANCE","authors":"Raj Kumar Guntuku, Shravan Boini, Kaustav Mukherjee, Ravi Shankara Kummeta","doi":"10.22190/fueo220113009g","DOIUrl":"https://doi.org/10.22190/fueo220113009g","url":null,"abstract":"Earlier research proved that organizational productivity depends on the implementation of HR practices. Companies grow high by adopting high-performance-oriented practices. The purpose of this study is to see how the employer-employee relationship affected employee engagement and task performance in food processing plants in Hyderabad. One of the most common HR practices is the employer-employee relationship, which is crucial in determining the employee level of engagement. Task performance refers to an employee's capacity to get things done, and it is backed up by the employer-employee relationship. To measure the influence of the employer-employee relationship on staff engagement and task performance, the researcher performed a study in two food processing plants in Hyderabad, India. To investigate the association between the dependent variables “employee engagement” and “task performance” and the independent variable “employer-employee relationship”, hypotheses were constructed. A questionnaire was circulated to respondents as a research instrument, and information was collected from a sample of 100 people. It is inferred that the employer-employee relationship is significantly connected with employee engagement and negatively correlated with task performance. Gender is linked with all three variables and also with the profile factors. Employee engagement is connected to age, whereas task performance is negatively related to the employer-employee relationship. Statistical tools such as descriptive statistics, correlation, and ANOVA tests were used.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"105 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76195224","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}
{"title":"THE IMPACT OF LIQUIDITY MANAGEMENT ON FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN WEST AFRICA","authors":"Mayowa Gabriel Ajao, Emmanuel Nosagie Iyekekpolor","doi":"10.22190/fueo220108011a","DOIUrl":"https://doi.org/10.22190/fueo220108011a","url":null,"abstract":"This study investigates the effect of liquidity management on financial performance of deposit money banks (DMBs) by considering the banking sector of selected countries of the West African Monetary Zone (WAMZ). Aggregate banking sector data for the four selected economies were used from 1991 to 2020. The panel data regression analysis is also adopted for the empirical analysis after a statistical evaluation of the datasets are performed. The results from the empirical analysis reveal that reducing the cash to deposit ratio is the most efficient liquidity management strategy that may deliver enhanced performance for the DMBs among the sampled countries. Moreover, it was found that loans and advances to total assets have significant impact on financial performance of DMBs in West African countries. The ratio of loans and advances to total assets is limited to return on equity. There is also evidence that the ratio of loans and advances to deposit does not have a significant effect on financial performance of DMBs in West African countries. There is need for banks in the selected countries to monitor their deposit mobilization capacity since it has shown to have major implications on the liquidity management strategies in the banking sectors for the selected countries.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"15 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81926589","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}
{"title":"QUALITATIVE FEATURES OF WOMEN’S ENTREPRENEURIAL ACTIVITY IN THE REPUBLIC OF SERBIA: THE SECTORAL DISTRIBUTION PERSPECTIVE","authors":"Danijela Stošić Panić","doi":"10.22190/fueo220210007s","DOIUrl":"https://doi.org/10.22190/fueo220210007s","url":null,"abstract":"Although growing in volume, women’s entrepreneurship is still significantly underrepresented relative to the entrepreneurial activities of men. Moreover, in most of the contexts, quantitative performance of female entrepreneurs are worse, compared to the ones achieved by their male counterparts. Though certainly important, knowing only the quantitative performance of female entrepreneurs is not enough for improving their competitiveness and socio-economic status. Quantitative performance are the results of certain qualitative features of women’s entrepreneurial activities, which are often neglected in the public discourse. The aim of the study is to provide an overview of the sectoral structure of women’s entrepreneurship from the less studied contexts, such Serbian environment is. Working with data provided by the Statistical Office of the Republic of Serbia, the study empirically tests and supports the hypotheses that there are differences in the sectoral distribution of female and male entrepreneurs in the Republic of Serbia, with Serbian female entrepreneurs being overrepresented in the services sector. Moreover, the results show women’s observed participation in the services sector is significantly higher than the one which would be expected given the sectoral structure of the general population of entrepreneurs. The paper discusses its theoretical and practical contributions as well.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"37 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78341207","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}
{"title":"THE MOST INFLUENTIAL ORGANIZATIONAL CHANGE MANAGEMENT MODELS FROM 1950 TO 2020","authors":"Nikolina Vrcelj, D. Karabašević","doi":"10.22190/fueo220606010v","DOIUrl":"https://doi.org/10.22190/fueo220606010v","url":null,"abstract":"In the modern world economy, the survival of the organization increasingly depends on the ability of management to understand and manage change. The organization is constantly on the move and nothing should be considered static. Many diverse factors affect change, and few are under the control of the organization. The task of management is to understand the nature of changes, accept them, and direct them. However, there is no generally accepted model in the field of organizational change management. Many researchers and practitioners have failed to reach a consensus on which model is more effective for organizational change to be successful. This paper aims to identify the most influential organizational change models from 1950 to 2020. In order to identify them an analysis of 16 leading journals was carried out. The first 10 journals are listed on the Financial Times 50 list as the most influential in business and management and were selected for the analysis based on their relevance and scope (organizational change management). Other 6 journals were selected for the analysis as they are published by the world's prestigious academic institutions and have a high impact on the field of organizational change. Analysis of the journals in the period from 1950 to 2020 was performed, and 19 models of organizational change management that are relevant for this research were extracted. Afterward, an examination of domestic literature was conducted. There, three additional referent models were identified using the keywords: \"model\" and \"change\" within the research of the COBIB.SR database. The identified models of organizational change are then further analyzed and divided into three groups - process models that focus on the actual steps or phases of the change - 14 models, structural models that discuss the factors of change - 5 models; and integrated ones that use a combination of the previous two approaches - 3 models.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"33 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76488870","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}
{"title":"IMPACT OF THE COVID-19 PANDEMIC ON THE ECONOMIC EFFECTS OF TOURISM IN CENTRAL, EASTERN AND SOUTHEASTERN EUROPE (CESEE) COUNTRIES","authors":"Tanja Stanišić, M. Lekovič, Sonja Milutinović","doi":"10.22190/fueo220511012s","DOIUrl":"https://doi.org/10.22190/fueo220511012s","url":null,"abstract":"The Covid-19 pandemic has brought numerous challenges and limitations globally. Countries around the world are facing the negative socio-economic consequences of the global health crisis. As the tourism sector is one of the most important sectors of the global economy and also one of the sectors hardest hit by the crisis, the consequences of the negative impact of this crisis in tourism are very wide. The subject of this paper is to investigate the impact of the Covid-19 pandemic on the economic effects of tourism in Central, Eastern and Southern European (CESEE) countries. The aim of this paper is to analyse the homogeneity, i.e. heterogeneity of the analysed countries in terms of the negative impacts of the crisis on the economic effects of tourism through the analysis of the reduction of the contribution of tourism to key macroeconomic indicators under the influence of the Covid-19 pandemic. By applying cross-country comparison and cluster analysis, it was concluded that CESEE countries are not homogeneous in this sense, as well as that countries in which the importance of tourism for the national economy is greater are more severely affected by the crisis.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"26 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79676146","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}