Milan Kocić i Katarina Radaković
U uslovima dinamičnog razvoja informaciono-komunikacionih tehnologija, značajno je izmenjen tradicionalni način uspostavljanja komunikacije među potrošačima. Usmena komunikacija, kao jedan od bitnih marketinških instrumenata, dobija novu dimenziju, posredstvom digitalnih oblika komuniciranja. Imajući u vidu značaj društvenih medija za formiranje stavova i namera potrošača u pogledu procesa kupovine, cilj rada je dolaženje do relevantnih saznanja o uticaju elektronske interpersonalne komunikacije na ponašanje potrošača. Preciznije rečeno, primenom korelacione i višestruke regresione analize ispitano je da li kvantitet, kvalitet, vremenska zasnovanost informacija i kredibilitet izvora elektronske interpersonalne komunikacije utiču na poverenje potrošača u oblasti wellness ponude. Jednodimenzionalna regresiona analiza primenjena je kako bi se utvrdilo da li poverenje potrošača doprinosi kupovnoj nameri. Rezultati sprovedenog empirijskog istraživanja ukazuju na to da postoji statistički značajan uticaj elektronske interpersonalne komunikacije na poverenje potrošača, kao i da poverenje potrošača pozitivno utiče na nameru o kupovini kada je u pitanju izbor wellness sadržaja u Republici Srbiji.
Emilija Beker Pucar i Olgica Glavaški
U radu se razmatraju monetarne faze i okviri emergentnih zemalja Evropske unije (EU) na putu ka evro zoni (EZ). U prvoj fazi pre pristupanja EU, identifikovana su tri monetarna okvira, dok su u drugoj fazi pre pristupanja EZ, emergentne EU zemlje kombinovale targetiranje kursa sa rigidnim/fiksnim režimima deviznog kursa, s jedne strane, i inflaciono targetiranje (IT) sa Evropskim mehanizmom deviznog kursa (Exchange Rate Mechanism – ERM II), s druge strane. Poslednja faza monetarne konvergencije podrazumeva monetarnu ne-autonomiju unutar monetarne unije kao rigidnog režima kursa, pri čemu se devizni kurs i monetarne politike žrtvuju kao anticiklični instrumenti. Zemlje sa rigidnim režimima su podložnije makroekonomskom pregrejavanju, beležeći lošije makroekonomske performanse u poređenju sa zemljama fluktuirajućeg kursa. Teškoće pri održavanju stabilnosti unutar rigidnog monetarnog okruženja, kao što je monetarna unija, kao i inherentne slabosti EZ, krucijalni su motivi odlaganja pojedinih zemalja EU pristupanju ERM II target zoni.
Temitope Olamide Fagbemi1, Taiwo Azeez Olaniyi1 and Ayobolawole Adewale Ogundipe2
Due to the multiplicity and overburdening of Nigeria’s tax system, the economic units in which systemically important banks (SIBs) are included implement the corporate strategies that identify the loophole which minimizes, postpones, or entirely avoids tax payments so as to reduce its negative effect on financial performance. Therefore, this study examined the corporate tax planning and financial performance of systemically important banks in Nigeria. Ex-post facto was adopted as the research design in this study, while Pooled OLS was used to analyze the data. This study has shown that the effective tax rate has a negative and significant impact on financial performance. Thin capitalization has a positive significant impact on the financial performance of SIBs in Nigeria, whereas capital intensity and the lease option have demonstrated an insignificant impact on the financial performance of SIBs in the country. The study concluded that corporate tax planning affects financial performance depending on the adopted tax planning strategies. Likewise, the study recommended, among other things, that the tax authorities should engage in the tax reforms whereby the corporate tax rate is to be adjusted, and that banks should engage in the activities that can reduce the effective tax rate.
Mathew Olasehinde Fashagba1 and Emmanuel Olaniyi Dunmade2
This study is aimed at examining the difference between the retirement benefit of the old, pay-as-you-go pension scheme, and the new, contributory pension scheme (CPS). The data used in the study were obtained indirectly from secondary sources. In the study, the Analysis of Variance (ANOVA) and the Pearson Correlation methods are employed, aided by the SPSS for the purpose of data analysis. The study finds that the financial value of the retirement benefit of the old pension scheme is significantly higher than that of the new pension scheme. The study also finds that the benefits of the two pension schemes significantly follow the same trend. The study concludes that the new pension scheme pays out a lesser amount of the retirement benefit than the old. The study provides the recommendations for the efficient management of the investments in the pension fund so as to achieve a sufficient return in order to bridge the gap with respect to the retirement benefit between the two pension plans.
Vlastimir Leković
Nakon dvostruko anonimnog recenzentskog postupka i unapređenja prispelih rukopisa, Sveska 1 Volumen 21 Godište 2019 Ekonomskih horizonata sadrži, pored Uvodnika, šest priloga: četiri izvorna naučna i dva pregledna članka.
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.