Jelena Nikolić
Brojni izazovi i problemi u oblasti ekonomije i menadžmenta uslovljavaju različite teorijsko-metodološke odgovore koji podrazumevaju razvoj novih koncepata, metodologija, metoda, modela i tehnika. Polazeći od kompleksnosti, aktuelnosti i relevantnosti savremenih problema ekonomije i menadžmenta, Ekonomski fakultet Univerziteta u Kragujevcu organizovao je V-tu međunarodnu naučnu konferenciju Contemporary Issues in Economics, Business and Management (EBM 2018), koja je održana 9. i 10. novembra 2018. Predmet razmatranja, u radovima koje su dostavili i prezentirali učesnici EBM 2018, bile su različite teme iz oblasti menadžmenta, marketinga, globalizacije, regionalizacije, računovodstva, poslovnih finansija, informacionih sistema i kvantitativnih metoda i modela u ekonomiji i menadžmentu. Bijenalna međunarodna naučna konferencija EBM 2018 okupila je, do sada, najveći broj učesnika, ukupno 127 autora – 88 autora sa visokoobrazovnih institucija u Srbiji i 39 autora iz inostranstva (Poljska, Rusija, Nemačka, Slovenija, Japan, Španija, Hrvatska, Mađarska, Bosna i Hercegovina), koji su podneli 64 rada.
Marin Peko1, Nikola Komatina2, Nikola Banduka1,2 and Marina Crnjac2
In the course of global trends, the development and application of information technologies have emerged as a valuable source of the economy at both the micro and the macro levels. According to the results of the best practice, the application of a piece of software with failures is known to possibly to serious consequences. The analysis and elimination of potential failures in commercial software is the problem that represents one of engineers’ most important tasks. In this paper, a new integrated model for the evaluation and ranking of software failures is proposed. The cost aspect is integrated into the traditional severity index. The assessment of the severity indices, as well as a possibility of detection, is based on the Failure Mode and Effects Analysis – FMEA framework. The weights of the overall severity index, the occurrence of failures, and the possibilities of detection are calculated by applying the best-worst method. The determination of the rank of the identified failures is given by applying conventional Technique for Order of Preference by Similarity to Ideal Solution – TOPSIS. The priority of the activities that are undertaken in order to eliminate the identified failures corresponds to the obtained rank of the failures. The proposed model is illustrated by real-life data.
Şakir Sakarya1, Feyyaz Zeren2 and Hilmi Tunahan Akkuş1
Affecting a significant portion of the world economy, the commodity market is the world’s largest “nonfinancial” market. In addition to the other macroeconomic variables, commodity prices have a special importance for Islamic stock indices, which have improved in recent years because Islamic finance is a financial system based on the profit/loss sharing principle and supports the real sector’s activities. In this study, cointegration and the causality relationship between commodity markets (the Gold ounce and Brent oil) and the Participation-30 Index established by taking Islamic criteria into account were investigated in Turkey. As a result of the analysis, no cointegration relation was found between the Participation-30 Index and the commodity markets. According to these results, an investor investing in gold or oil will, in addition to the Participation-30 Index, diversify its portfolio with this commodity investment and minimize its risk. The fact that there is no relation between the variables according to the causality results indicates that the Participation-30 Islamic Indices’ structure is independent of commodity markets and conventional stock markets.
Vladimir Obradović
Rad je posvećen sagledavanju položaja Međunarodnog standarda finansijskog izveštavanja (MSFI) za male i srednje entitete (MSE) u regulativi i praksi finansijskog izveštavanja u Republici Srbiji. Nakon razmatranja globalnog značaja ovog standarda, analizira se njegov položaj u regulatornom okviru finansijskog izveštavanja Republike Srbije, u koji je uključen od 2013, dok se dublji uvid u položaj standarda u praksi ostvaruje empirijskim istraživanjem na uzorku od 175 preduzeća. Pošto ima potencijal da olakša finansijsko izveštavanje mnogim preduzećima koja su ranije morala da primenjuju pune MSFI, njegovo usvajanje u Republici Srbiji je korisno, ali potencijalni problem proističe iz činjenice da on nije usvojen na nivou Evropske unije (EU). Istraživanjem u radu je utvrđeno da preduzeća u Republici Srbiji, koja mogu da biraju između MSFI za MSE i punih MSFI, ipak, češće biraju pune MSFI. Ovaj nalaz treba posmatrati u kontekstu dugogodišnje primene punih MSFI pre implementacije MSFI za MSE. Zavisna preduzeća ređe biraju MSFI za MSE nego preduzeća koja nemaju to svojstvo.
Olubunmi Florence Osemene1, Joshua Solomon Adeyele2 and Pauline Adinnu3
In many countries, there are a certain number of organizations going through severe crises due to a failure in corporate governance. In this study, the main aim is to determine how the ownership structure and the characteristics of the boards of Nigeria’s listed deposit money banks (DMBs) affect aggressive earnings management for a period of 5 years (2011-2016). The panel least-square method was used to analyze the data collected. The findings revealed that private, foreign and government shareholdings have a negative and significant impact on aggressive earnings management. Also, directors’ tenures status has a significant effect on aggressive earning management, while the board size, the gender and the size of the firm have no such significant effect in the period observed. Based on these findings, the study concludes that the ownership structure has a significant impact on aggressive earnings management, whereas the characteristics of the board, excluding directors’ tenures status, do not have any significant effect. Hence, the study recommends that the 10% threshold imposed by the CBN on the government shareholding should be maintained, while regulatory and supervisory agencies are advised to pay adequate attention and conduct the monitoring of the activities performed by the CEOs of the banks, especially upon expiry of the directors’ tenure, so as to protect shareholders.
Alphonse Kumaza
Corporate innovation and technology application for the purpose of improving business profits are a permanent fixation in management. The study explores corporate innovation and its capability to ensure social accountability and environmental responsibility. Innovation is necessary for growth, the maintenance of the market share and for the continual expansion and exploration of business opportunities, yet difficult to secure sustainable communities. The results of an SPSS statistical analysis show that business innovative technology and new thinking capabilities are not so designed to promote environmental accountability and social welfare, but rather to enhance corporations’ growth. The insufficient poor understanding of business management of the enterprise’s externality contributes to corporations’ poor environmental performance. This contribution, which might be the subject matter of possible future research, exposes corporations’ inability to promote sustainable stakeholder communities and environmental responsibility, contrary to the perceptions that business innovation works for environmental sustainability.
Vlastimir Leković
Sveska 3 Volumen 20 Godište 2018 sadrži četiri izvorna naučna i jedan pregledni članak, prikaz međunarodne naučne konferencije, Predmetni indeks članaka i Pregled autora i naslova svih priloga publikovanih u Ekonomskim horizontima, u 2018. Istovremeno, ukazujemo na to da je, u Sveskama 1, 2 i 3 Volumen 20 Godište 2018, publikovano šest naučnih članaka autora iz inostranstva (Nigerija, Kina, Turska, Hrvatska), što je 35,3% od ukupnog broja naučnih članaka objavljenih u Časopisu u 2018.