Ekonomski Pregled最新文献

{"title":"Current stage of formation of the financial intermediation ecosystem in the context of digitalization","authors":"N. Pantielieieva, K. Pantielieieva, N. Tretiak, Y. Zhezherun, S. Zaporozhets, Nataliya Rogova","doi":"10.32910/ep.73.2.3","DOIUrl":"https://doi.org/10.32910/ep.73.2.3","url":null,"abstract":"The spread of digital technologies has led to a new stage in the transformation of financial systems around the world and has become a trigger for innovative changes in all areas of financial intermediation. The purpose of this article is to analyze the preconditions and trends, identify the advantages, opportunities and risks of digital transformation of financial intermediation in the face of increasing competition and intensifying disintermediation, including in Ukraine. Analytical and systemic approaches, methods of comparative and factor analysis were used to achieve the article goals. The most important research results that have theoretical significance include the substantiation of conceptual approaches to the formation of a common ecosystem of financial intermediation and an insurance ecosystem based on the integration of digital technologies. It has been proved that, despite the spread of digitalization, for financial intermediaries is important the compliance with the principles of customer orientation, innovation, efficiency and effectiveness, security and organizational flexibility. The digital trends of financial intermediation in relation to its main functions have been identified, new types of risks associated with the spread of FinTech and the possible consequences of their impact have been identified. The features of the institutional structure of financial intermediation and implementation of financial innovations in Ukraine have been described, the regulatory policy of the National Bank of Ukraine, the innovative activity of FinTech industry in the context of the spread of digitalization are presented, which can be useful in terms of studying foreign experience. The results of this study can serve as a basis for understanding key trends, conceptual approaches to changing business models and formation of financial intermediation ecosystems, directions and opportunities for the introduction of innovative financial technologies for the correct orientation and response to dynamic changes in the financial services market.","PeriodicalId":53985,"journal":{"name":"Ekonomski Pregled","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69444240","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":"Utjecaj obilježja ličnosti na impulzivnost u kupovini i odgovorno financijsko ponašanje","authors":"Andrea Previšić, Andrea Lučić, Marija Uzelac","doi":"10.32910/ep.73.5.5","DOIUrl":"https://doi.org/10.32910/ep.73.5.5","url":null,"abstract":"Obilježja ličnosti smatraju se jednim od relevantnih čimbenika koji utječu na ponašanje potrošača. Stoga, kako bi se ponašanje potrošača moglo jasnije razumjeti te predvidjeti, svrha istraživanja je ustanoviti postoji li povezanost između obilježja ličnosti i odgovornog financijskog ponašanja potrošača. Povezanost je istražena na temelju utjecaja obilježja ličnosti na afektivni i kognitivni aspekt impulzivnog potrošačkog ponašanja, na koje se u radu promatra kao suprotnost odgovornom financijskom ponašanju. Provedeno je jednokratno deskriptivno istraživanje pomoću anketnog upitnika na namjernom, prigodnom uzorku od 483 studenata Ekonomskog fakulteta u Zagrebu. Istraživanje je dokazalo da postoji statistički značajna razlika u stupnju sklonosti impulzivnoj kupovini s obzirom na dimenzije obilježja ličnosti. Uzročno posljedična veza dokazana je između dimenzije Savjesnosti i odgovornog potrošačkog ponašanja, a ustanovljena je i slaba, ali statistički značajna njena povezanost s kognitivnim aspektom impulzivne kupovine. Kod afektivne komponente ustanovljena je statistički značajna povezanost sa Dimenzijama Ekstraverzije i Neuroticizma, dok je kod dimenzije Neuroticizma ustanovljena negativna povezanost sa impulzivnom kupovinom. S obzirom da se do sada navedeni konstrukti nisu empirijski povezivali, ovim konceptom može se voditi prilikom segmentiranja tržišta te prilikom kreiranja aktivnosti usmjerenih ka potrošačima različitih obilježja ličnosti. potaknuti odgovorno te ispraviti i izbjeći neodgovorno potrošačko ponašanje kod mladih potrošača.","PeriodicalId":53985,"journal":{"name":"Ekonomski Pregled","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69445887","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":"Untapped potential and high-tech trade","authors":"Khanh Doanh Nguyen, Trong Quynh Ha, Thi Thanh Xuan Nguyen","doi":"10.32910/ep.73.6.5","DOIUrl":"https://doi.org/10.32910/ep.73.6.5","url":null,"abstract":"This study aims to quantify the impact of untapped export potential on ASEAN-6 countries’ high-tech exports for the 2006-2016 period. Our innovative aspect sheds new light on the relationship between the untapped export potential in the previous year and export performance in the current year. Using a system GMM estimator, we found several significant results. Firstly, untapped export potential in the last year has a positive impact on ASEAN-6 countries' high-tech exports in the current year. Secondly, the effect of untapped export potential on ASEAN-6 countries' high-tech exports depends on supply competencies (ASEAN-6 countries' human capital and research and development capability) and the bilateral linkage (importing countries' trade barriers and institutional similarity between ASEAN-6 countries and importing countries). Thirdly, supply competencies are the most important when ASEAN-6 countries export high-tech goods to high-income countries. In contrast, the bilateral linkage is the most crucial when ASEAN-6 countries ship high-tech products to low-income countries. Measures to enhance human capital, upgrade research and development capability, promote trade liberalization, and minimize the institutional distance with the trading partners are the remedy for ASEAN-6 countries to tap the untapped potential.","PeriodicalId":53985,"journal":{"name":"Ekonomski Pregled","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69445996","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":"Monetary pressure, inflation dynamics and structural shocks in Pakistan","authors":"Tehmina Hazoor, Muhammad Zaheer Khan, Farzana Sher","doi":"10.32910/ep.73.6.6","DOIUrl":"https://doi.org/10.32910/ep.73.6.6","url":null,"abstract":"The objective of the study was to analyze whether the changes in money supply can account for variations in inflation dynamics in the presence of structural breaks by using data for the period 1970-2019. Zivot Andrews (one break) and Lee and Strazicich (two breaks) unit root tests were used to detect the structural shocks. To determine the long run relationship in the presence of structural shocks, Gregory & Hansen (1996) Cointegration test was used. Results show a robust long-run relationship between inflation, money supply, interest rate, and output. The empirical evidence show that monetary pressure has a significant role in the inflation dynamics of Pakistan, especially in the presence of structural shocks. As a policy measure, a tight monetary policy with increasing interest rates should help reduce the growth of money supply and moderate the inflation dynamics in Pakistan.","PeriodicalId":53985,"journal":{"name":"Ekonomski Pregled","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69446101","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 perspectives of variable pay in Croatia","authors":"Ivana Načinović Braje","doi":"10.32910/ep.72.4.3","DOIUrl":"https://doi.org/10.32910/ep.72.4.3","url":null,"abstract":"Variable pay can have numerous benefits for the employee and the employer, however, the overall effect of variable pay will depend upon employee attitudes and\u0000preferences towards such form of compensation. Considering that reward systems\u0000in Croatia traditionally used the equality principle, the objective of this\u0000paper is to examine the role of variable pay from both employee and employer\u0000perspectives. Research results are based on a Delphi research of employee attitudes\u0000about variable pay and empirical investigation of actual employers’ variable\u0000pay practices. The Delphi study results indicate a lack of consensus about\u0000employees’ preferences for variable pay in Croatia. However, practice shows\u0000that some form of individual variable pay has been adopted by most examined\u0000companies. There is some gap between preferences for variable pay and actual compensation practices so this paper identifies conditions under which acceptance of\u0000variable pay can be improved.","PeriodicalId":53985,"journal":{"name":"Ekonomski Pregled","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43647508","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":"Istraživanje prakse hrvatskih poduzeća u razvoju i upravljanju markom poslovne usluge","authors":"Dubravka Sinčić Ćorić, L. Babić","doi":"10.32910/ep.72.4.4","DOIUrl":"https://doi.org/10.32910/ep.72.4.4","url":null,"abstract":"Rad izučava temu razvoja i upravljanja markama poslovnih usluga. Nakon pregleda\u0000teorijskog dijela, u radu se predstavljaju rezultati primarnog istraživanja. Cilj\u0000je istraživanja utvrditi na koji način hrvatska poduzeća razvijaju svoju marku\u0000usluga, kako njome upravljaju, kako prenose informacije o njoj i na koji je način vrednuju. Provedeno je jednokratno kros-sekcijsko istraživanje na prigodnom uzorku poduzeća koja pružaju različite poslovne usluge. Rezultati pokazuju kako se analizirana poduzeća prema marki svoje usluge odnose kao prema vrijednoj nematerijalnoj imovini, primjenjuju holistički pristup izgradnje marke te najčešće primjenjuju strategiju korporativne marke. Neodvojivost usluge od zaposlenika rezultira time da su hrvatska poduzeća više usmjerena na interno nego na eksterno komuniciranje. S obzirom na to da je istraživanje razvoja i upravljanja markama\u0000usluga na poslovnim tržištima manje istraženo u odnosu na tržište krajnje\u0000potrošnje, rad pridonosi novim spoznajama u ovom području. Osim toga, zaključci\u0000temeljeni na istraživanju predstavljaju vrijednu spoznaju za poduzeća koja žele\u0000aktivno upravljati svojom markom poslovne usluge.","PeriodicalId":53985,"journal":{"name":"Ekonomski Pregled","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44692954","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":"Istraživanje odnosa upravljačkih struktura i eksterne revizije u korporativnom upravljanju","authors":"M. Filipović","doi":"10.32910/ep.72.4.2","DOIUrl":"https://doi.org/10.32910/ep.72.4.2","url":null,"abstract":"Kvalitetna\u0000komunikacija eksternih revizora s upravljačkim strukturama od iznimne je\u0000važnosti za učinkovito poslovanje kreditnih institucija. Stoga se nameće\u0000pitanje može li se oblikovanjem modela odnosa eksternih revizora i upravljačkih\u0000struktura kreditne institucije unaprijediti rad eksterne revizije, s jedne\u0000strane te upravljačkih struktura kreditne institucije, s druge strane. Doprinos\u0000ovog istraživanja su: analiza kvalitete komuniciranja eksternih revizora s\u0000upravljačkim strukturama kreditne institucije i utjecaj kvalitete tih odnosa na\u0000učinkovitost eksterne revizije i upravljačkih struktura; analiza kvalitete\u0000komuniciranja eksternih revizora s revizijskim odborom kreditne institucije i\u0000utjecaj kvalitete tih odnosa na učinkovitost eksterne revizije i upravljačkih\u0000struktura, posebice nadzornog odbora; identificiranje je li neučinkovitost\u0000eksterne revizije povezana s otvaranjem stečajeva nad kreditnim institucijama i\u0000utvrđivanje pridonosi li predloženi model odnosa eksternih revizora i\u0000upravljačkih struktura kreditne institucije boljem radu eksterne revizije kao i\u0000boljem radu upravljačkih struktura kreditne institucije. U istraživanju,\u0000provedenom u Republici Hrvatskoj, sudjelovali su eksterni revizori koji obavljaju ili su obavljali\u0000reviziju godišnjih financijskih izvještaja kreditnih institucija, članovi\u0000uprave i nadzornih odbora kreditnih institucija te stečajni upravitelji i\u0000stručno osoblje kreditnih institucija u stečaju. Rezultati empirijskog istraživanja potvrđuju kako\u0000testirani komunikacijski model pridonosi\u0000učinkovitijem radu eksterne revizije i\u0000upravljačkih struktura kreditne institucije.","PeriodicalId":53985,"journal":{"name":"Ekonomski Pregled","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49299719","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":"Konverzije kapitala poduzetnika u kreativnim i kulturnim industrijama sjeverozapadne Hrvatske","authors":"Ksenija Vuković, Ivana Fojs, Kristina Detelj","doi":"10.32910/ep.72.4.5","DOIUrl":"https://doi.org/10.32910/ep.72.4.5","url":null,"abstract":"Ciljevi ovog rada su identificirati\u0000vrste kapitala koje koriste poduzetnici u kreativnim i kulturnim industrijama u\u0000Hrvatskoj te ispitati mogućnosti konverzije kapitala iz jednog oblika u drugi. Teorijski okvir istraživanja je Bourdieuova\u0000teorija kapitala u kojoj se kapital pojavljuje u četiri forme: ekonomski,\u0000kulturni, socijalni i simbolički kapital. Da bi se odgovorilo na postavljeno\u0000istraživačko pitanje koristi se interpretativna paradigma, a kao primarni\u0000istraživački alat koristi se fenomenološko intervjuiranje. Provedeno je\u0000dubinsko intervjuiranje 10 poduzetnika. Rezultati istraživanja ukazuju na raznolike\u0000prakse korištenja kapitala poduzetnika te značajne mogućnosti konverzije\u0000kapitala. Visoki stupanj konverzije kapitala prisutan je kod kulturnog i\u0000socijalnog kapitala.","PeriodicalId":53985,"journal":{"name":"Ekonomski Pregled","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45103524","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":"Trade creation and trade diversion effects from Croatia’s CEFTA and EU membership","authors":"Hrvoje Jošić, Maja Bašić","doi":"10.32910/ep.72.4.1","DOIUrl":"https://doi.org/10.32910/ep.72.4.1","url":null,"abstract":"This paper provides\u0000a detailed empirical study of trade creation and trade diversion effects\u0000arising from Croatia's two regional trade agreements, the Central European Free\u0000Trade Agreement (CEFTA) and the European Union (the EU). It offers a foundation\u0000for discussion about future trade policies in terms of benefits and drawbacks\u0000from those regional trade agreements. Croatia’s imports, exports and total trade\u0000flows with 180 trading partner countries were examined for the period of 2000 –\u00002016. Cross-country panel regression using gravity model of international trade\u0000assessed pooled OLS, fixed and random effects, as well as more robust Tobit and\u0000PPML estimator models. The random effects model found positive effects of\u0000Croatia-CEFTA integration evident in trade creation in imports, exports and\u0000total trade flows. Croatia-EU integration exhibits no significant effect of\u0000trade creation in neither imports, exports nor total trade flows. Nonetheless,\u0000there is a trade diversion effect in cases of imports and total trade flows. In\u0000the Tobit model CEFTA created trade in imports, exports and total trade flows, while\u0000the EU diverted trade in imports and total trade flows. Finally, the robust\u0000PPML estimator found that: (1) CEFTA membership created trade in imports,\u0000exports and total trade flows, and (2) the EU membership diverted trade in\u0000imports and exports, and created trade in total trade flows.","PeriodicalId":53985,"journal":{"name":"Ekonomski Pregled","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46089201","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":"Private health care sector in Croatia","authors":"N. Kovač, Šime Smolić","doi":"10.32910/ep.72.4.6","DOIUrl":"https://doi.org/10.32910/ep.72.4.6","url":null,"abstract":"This paper investigates the trends\u0000in business activity of the private health care sector in Croatia from 2011 to\u00002018. Databases of Croatian provider of financial and electronic services - Financial\u0000Agency (FINA) - have been employed to explore key performance indicators of\u0000private health care sector companies, in particular trends in total employment,\u0000business revenues and operating profits. In addition, the most important\u0000features of voluntary health insurance (VHI) provided by private health\u0000insurance companies and the Croatian Health Insurance Fund (HZZO) have been\u0000presented. Furthermore, this paper provides both a relevant analysis of the\u0000private health care sector as well as private spending on health care in\u0000Croatia. The results indicate that users of health care services are willing to\u0000pay more to gain faster access and higher quality services. In 2018,\u0000expenditures for private health care services reached almost HRK 5 billion.\u0000Nearly 60% were out-of-pocket (OOP) payments and 40% were paid through the VHI.\u0000Despite the persistent recession, the private health care sector in Croatia\u0000experienced an average annual growth rate of 10% in the analysed period. More\u0000recently, the trend of introduction of more complex services within private\u0000providers can be observed indicating the rise in investments, and\u0000competitiveness. In conclusion, private health care sector’s presence in\u0000Croatia is a reality that should be addressed adequately. Original findings in\u0000this paper might serve as starting point for future discussions regarding the\u0000private health care sector role in the overall health care system financing.\u0000The paper brings a deeper insight into Croatian private health care sector\u0000market using original and most recent microdata thus shedding the light on\u0000important part of our health economy. Nevertheless, paper has certain limitations\u0000that are mainly reflected in relatively narrow set of indicators used in private\u0000health care sector business analysis. This though might be addressed properly\u0000in future research.","PeriodicalId":53985,"journal":{"name":"Ekonomski Pregled","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2021-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45603050","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}