The article proposes the complexity paradigm as an innovative reasoning for analyzing problems in behavioral sciences. It begins to explain the contributions of the major authors of the complex reasoning paradigm: Gödel, Prigogine and Morin. They offer the basis to a model of analysis and assessment of complex systems and problems (ACSIP Model). The four postulates of the Model are explained, emphasizing the principal hypothesis of the Model – the level of cognitive operations is the most important factor of complexity of a system; then to understand it, the cognitive level of analysis must be at minimum equal to that of the system or the problem under analysis. In the second part the article, an illustrative application of the ACSIP Model is applied to the analysis of the SDG 9 from the UN 20/30 agenda, showing the analysis of a complex problem, guided by the complexity reasoning model. Following that, an empirical research is presented, to verify the hypothesis underlying the fourth postulate of the model. The results confirm the hypothesis: the use of information by a group is inversely proportional to the use of power (authority). These results allow us to conclude that the complex reasoning paradigm is a promising tool to obtain synergic results in the scientific analysis and resolution of concrete social problems and to face the complex challenges brought by artificial intelligence systems.
{"title":"THE COMPLEXITY PARADIGM: TOWARDS A MODEL FOR THE ANALYSIS OF SOCIAL SYSTEMS AND PROBLEMS","authors":"Artur Parreira, Ana Lorga Silva","doi":"10.22190/fueo210702031p","DOIUrl":"https://doi.org/10.22190/fueo210702031p","url":null,"abstract":"The article proposes the complexity paradigm as an innovative reasoning for analyzing problems in behavioral sciences. It begins to explain the contributions of the major authors of the complex reasoning paradigm: Gödel, Prigogine and Morin. They offer the basis to a model of analysis and assessment of complex systems and problems (ACSIP Model). The four postulates of the Model are explained, emphasizing the principal hypothesis of the Model – the level of cognitive operations is the most important factor of complexity of a system; then to understand it, the cognitive level of analysis must be at minimum equal to that of the system or the problem under analysis. In the second part the article, an illustrative application of the ACSIP Model is applied to the analysis of the SDG 9 from the UN 20/30 agenda, showing the analysis of a complex problem, guided by the complexity reasoning model. Following that, an empirical research is presented, to verify the hypothesis underlying the fourth postulate of the model. The results confirm the hypothesis: the use of information by a group is inversely proportional to the use of power (authority). These results allow us to conclude that the complex reasoning paradigm is a promising tool to obtain synergic results in the scientific analysis and resolution of concrete social problems and to face the complex challenges brought by artificial intelligence systems.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"47 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72395336","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}
The main objective of this study is to visualize the flood risk vulnerability of municipalities in the Republic of Serbia through mapping and spatial analysis of precipitation data and data related to the losses. GIS tools enable spatial analysis and visualization of historical data on losses combined with temporal and geo-spatial distribution of precipitation, and QGIS tool was used for visualization of precipitation data and data on damages caused by floods and flash floods. As a result of these analyses, areas with potential high risks of losses are detected, which enables undertaking appropriate steps and measures in order to minimize future losses.
{"title":"FLOOD RISK VULNERABILITY VISUALIZATION FOR SUSTAINABLE RISK MANAGEMENT - THE CASE OF SERBIA","authors":"Jovica M. Stankovic, Z. Tomić, M. Gocić","doi":"10.22190/fueo210817034s","DOIUrl":"https://doi.org/10.22190/fueo210817034s","url":null,"abstract":"The main objective of this study is to visualize the flood risk vulnerability of municipalities in the Republic of Serbia through mapping and spatial analysis of precipitation data and data related to the losses. GIS tools enable spatial analysis and visualization of historical data on losses combined with temporal and geo-spatial distribution of precipitation, and QGIS tool was used for visualization of precipitation data and data on damages caused by floods and flash floods. As a result of these analyses, areas with potential high risks of losses are detected, which enables undertaking appropriate steps and measures in order to minimize future losses.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"19 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76724882","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}
The digital economy unites a dual typology of resources in enterprises, which can be tangible and intangible. In the language of accounting, it is about tangible and intangible assets. Due to the involvement of digital technologies in companies, intangible assets or intellectual capital became prominent. The sustainable growth of companies in Serbia has great importance for both management and external stakeholders. The presented paper examines the impact of intangible assets, formatted with the VAIC model, on the Sustainable growth rate (SGR) of companies in Serbia. The selected list of companies refers to the most profitable industry sector of the Serbian economy, assessed according to the Serbian Business Registers Agency for 2018. In order to confirm the hypothesis, the synthesis method, the analysis method, and the correlation analysis method were used. There was a significant positive impact of intangible assets on the sustainable growth rate of enterprises and a negative impact of physical assets, which, however, is not statistically significant. Since no research has been recorded in our country that sheds light on the correspondence between intangible assets and SGR, the study has a strong practical significance for this purpose. These results represent at the same time a reference point for our economy and for future entrepreneurs on the way to intensive involvement of intangible assets in companies.
{"title":"INTANGIBLE ASSETS IMPACT ON SUSTAINABLE GROWTH RATE OF ENTERPRISES IN THE REPUBLIC OF SERBIA","authors":"Amer Rastić, T. Stevanović, L. Antic","doi":"10.22190/fueo210617027r","DOIUrl":"https://doi.org/10.22190/fueo210617027r","url":null,"abstract":"The digital economy unites a dual typology of resources in enterprises, which can be tangible and intangible. In the language of accounting, it is about tangible and intangible assets. Due to the involvement of digital technologies in companies, intangible assets or intellectual capital became prominent. The sustainable growth of companies in Serbia has great importance for both management and external stakeholders. The presented paper examines the impact of intangible assets, formatted with the VAIC model, on the Sustainable growth rate (SGR) of companies in Serbia. The selected list of companies refers to the most profitable industry sector of the Serbian economy, assessed according to the Serbian Business Registers Agency for 2018. In order to confirm the hypothesis, the synthesis method, the analysis method, and the correlation analysis method were used. There was a significant positive impact of intangible assets on the sustainable growth rate of enterprises and a negative impact of physical assets, which, however, is not statistically significant. Since no research has been recorded in our country that sheds light on the correspondence between intangible assets and SGR, the study has a strong practical significance for this purpose. These results represent at the same time a reference point for our economy and for future entrepreneurs on the way to intensive involvement of intangible assets in companies.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"56 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86273760","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}
The key position of banks in the financial sector, as well as their indisputable role in financing economic development, have conditioned the need to consider their impact on the environment. The implementation of the concept of sustainability in banking has conditioned the transformation of banks in the direction of their greater corporate eco-efficiency and the development of banking products and services that contribute to sustainable development. Sustainable finance for banks is a source of new opportunities, but on the other hand, banks are more and more concerned about their exposure to environmental risk. Recognizing the impact of environmental risks on banks’ operations, central banks and supervisors are taking a number of initiatives to reduce the negative impact of these risks on banks’ operations, and, thus, financial stability. The paper aims to point out the challenges that sustainable banking has posed to regulators and the risk management system
{"title":"SUSTAINABLE FINANCE AND BANKING: A CHALLENGE FOR REGULATORS AND A RISK MANAGEMENT SYSTEM","authors":"Mirjana Jemović, Jelena Radojičić","doi":"10.22190/fueo210609024j","DOIUrl":"https://doi.org/10.22190/fueo210609024j","url":null,"abstract":"The key position of banks in the financial sector, as well as their indisputable role in financing economic development, have conditioned the need to consider their impact on the environment. The implementation of the concept of sustainability in banking has conditioned the transformation of banks in the direction of their greater corporate eco-efficiency and the development of banking products and services that contribute to sustainable development. Sustainable finance for banks is a source of new opportunities, but on the other hand, banks are more and more concerned about their exposure to environmental risk. Recognizing the impact of environmental risks on banks’ operations, central banks and supervisors are taking a number of initiatives to reduce the negative impact of these risks on banks’ operations, and, thus, financial stability. The paper aims to point out the challenges that sustainable banking has posed to regulators and the risk management system","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"15 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76872264","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}
Today’s companies, especially large multinationals, are supposed to be financially successful in accordance with the shareholders’ expectations, to operate in compliance with the requirements of sustainable development, taking into account the interests of future generations, as well as to act in a socially responsible manner, serving the interests of key stakeholders, including the interests of the community. In such circumstances, managers are expected to create enough value to satisfy all these interests. The adoption of Value-Based Management (VBM) approach has contributed to a better understanding of shareholders and managers and the alignment of their interests. In this paper, we analyze the compatibility of VBM with the requirements of other stakeholders, including the requirements regarding sustainability and corporate social responsibility. In this context, it could be said that a broader concept of VBM further enhances the interest-based logic behind the corporations’ functioning, but at the same time it enables the integration of the requirements related to sustainability and corporate social responsibility.
{"title":"VALUE-BASED MANAGEMENT, LONG TERM SUSTAINABILITY AND CORPORATE SOCIAL RESPONSIBILITY","authors":"Dejan Malinić","doi":"10.22190/fueo210618025m","DOIUrl":"https://doi.org/10.22190/fueo210618025m","url":null,"abstract":"Today’s companies, especially large multinationals, are supposed to be financially successful in accordance with the shareholders’ expectations, to operate in compliance with the requirements of sustainable development, taking into account the interests of future generations, as well as to act in a socially responsible manner, serving the interests of key stakeholders, including the interests of the community. In such circumstances, managers are expected to create enough value to satisfy all these interests. The adoption of Value-Based Management (VBM) approach has contributed to a better understanding of shareholders and managers and the alignment of their interests. In this paper, we analyze the compatibility of VBM with the requirements of other stakeholders, including the requirements regarding sustainability and corporate social responsibility. In this context, it could be said that a broader concept of VBM further enhances the interest-based logic behind the corporations’ functioning, but at the same time it enables the integration of the requirements related to sustainability and corporate social responsibility.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91244749","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}
The SARS-COV2 pandemic had a strong impact on the Romanian and European e-Market, manifested by the explosive increase in online sales, especially at the beginning of the two waves of epidemic, in spring and autumn. Using a statistical regressive analysis of monthly change in the volume of online sales in Romania, we propose a non-linear regression model of growth of this commercial sector that take into account the economic and socials effects of the three pandemic waves in 2020-2021, combining logistic equations of growth with attenuated quasi-periodical variations of market. The model allows a prediction of the overall behavior of online buyers for 2021 and 2022, similar to last year, but with annual growth peaks slightly less pronounced than in 2020.
{"title":"THE PANDEMIC WAVES’ IMPACT ON ROMANIAN E-MARKET: A NON-LINEAR REGRESSION MODEL","authors":"C. Boldea, B. Boldea","doi":"10.22190/fueo210730028b","DOIUrl":"https://doi.org/10.22190/fueo210730028b","url":null,"abstract":"The SARS-COV2 pandemic had a strong impact on the Romanian and European e-Market, manifested by the explosive increase in online sales, especially at the beginning of the two waves of epidemic, in spring and autumn. Using a statistical regressive analysis of monthly change in the volume of online sales in Romania, we propose a non-linear regression model of growth of this commercial sector that take into account the economic and socials effects of the three pandemic waves in 2020-2021, combining logistic equations of growth with attenuated quasi-periodical variations of market. The model allows a prediction of the overall behavior of online buyers for 2021 and 2022, similar to last year, but with annual growth peaks slightly less pronounced than in 2020.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"79 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88122701","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}
Non-financial reporting as established through the NFRD (2014/95/EU) has become a core element of the EU Commission’s ambitions to transform the European economy towards more sustainability. To address the increased criticism which meets the current reporting requirements, the EU Commission initiated the development of a new set of European Sustainability Reporting Standards, followed by issuing the proposal for a new directive to supersede the NFRD. This paper analyzed these proposals in the light of previous findings from academia and corporate practice, contributing to an ex-ante impact assessment. As a result, it shows that improving completeness, comparability and reliability are the two main goals of the EU Commission. However, many of the new proposed requirements are excessive and raise fundamental questions concerning acceptable levels of administrative burden for companies as well as necessary conceptual fundaments for a reporting framework.
{"title":"MOVING FROM NON-FINANCIAL TO SUSTAINABILITY REPORTING: ANALYZING THE EU COMMISSION’S PROPOSAL FOR A CORPORATE SUSTAINABILITY REPORTING DIRECTIVE (CSRD)","authors":"Josef Baumüller, Stefan Otto Grbenic","doi":"10.22190/fueo210817026b","DOIUrl":"https://doi.org/10.22190/fueo210817026b","url":null,"abstract":"Non-financial reporting as established through the NFRD (2014/95/EU) has become a core element of the EU Commission’s ambitions to transform the European economy towards more sustainability. To address the increased criticism which meets the current reporting requirements, the EU Commission initiated the development of a new set of European Sustainability Reporting Standards, followed by issuing the proposal for a new directive to supersede the NFRD. This paper analyzed these proposals in the light of previous findings from academia and corporate practice, contributing to an ex-ante impact assessment. As a result, it shows that improving completeness, comparability and reliability are the two main goals of the EU Commission. However, many of the new proposed requirements are excessive and raise fundamental questions concerning acceptable levels of administrative burden for companies as well as necessary conceptual fundaments for a reporting framework.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"78 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83318406","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}
Marina Trpeska, Todor Tocev, Ivan Dionisijev, Bojan Malcev
Corporate Social Responsibility (CSR) is of great importance for companies and other stakeholders, which obliges the companies to establish a way of management that will simultaneously take care of the environmental, social, and ethical aspects of factors. If corporate responsibility is the guiding factor for companies, they can easily gain a competitive advantage over others. This paper researches how the banks in the Republic of North Macedonia report on CSR and in what report format CSR data is published. The research is based on the method of content analysis and statistical analysis to determine whether the size and profit of banks affect the CSR Reporting. The sample included in the research is 14 banks that the National Bank of the Republic of North Macedonia has granted a license to operate. The results of this research show that the size of banks has a positive effect on CSR reporting, while on the other hand, profit does not affect it.
企业社会责任(CSR)对公司和其他利益相关者来说非常重要，它要求公司建立一种管理方式，同时照顾到环境，社会和道德方面的因素。如果企业责任是企业的指导因素，他们可以很容易地获得竞争优势。本文研究了北马其顿共和国的银行如何报告企业社会责任以及企业社会责任数据以何种报告格式发布。本研究采用内容分析和统计分析的方法来确定银行的规模和利润是否影响企业社会责任报告。该研究的样本是北马其顿共和国国家银行(National Bank of The Republic of North Macedonia)授予经营许可证的14家银行。研究结果表明，银行规模对企业社会责任报告有正向影响，而利润对企业社会责任报告没有影响。
{"title":"BANKS' CORPORATE SOCIAL RESPONSIBILITY (CSR) DISCLOSURE AND THEIR ROLE IN THE BETTERMENT OF SOCIETY IN THE REPUBLIC OF NORTH MACEDONIA","authors":"Marina Trpeska, Todor Tocev, Ivan Dionisijev, Bojan Malcev","doi":"10.22190/fueo210628023t","DOIUrl":"https://doi.org/10.22190/fueo210628023t","url":null,"abstract":"Corporate Social Responsibility (CSR) is of great importance for companies and other stakeholders, which obliges the companies to establish a way of management that will simultaneously take care of the environmental, social, and ethical aspects of factors. If corporate responsibility is the guiding factor for companies, they can easily gain a competitive advantage over others. This paper researches how the banks in the Republic of North Macedonia report on CSR and in what report format CSR data is published. The research is based on the method of content analysis and statistical analysis to determine whether the size and profit of banks affect the CSR Reporting. The sample included in the research is 14 banks that the National Bank of the Republic of North Macedonia has granted a license to operate. The results of this research show that the size of banks has a positive effect on CSR reporting, while on the other hand, profit does not affect it.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"338 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72504751","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}
M. Cristea, G. Noja, D. Drăgoi, Leontina Codruţa Andriţoiu
The connection between insurance and economic development has been intensively addressed in the literature, but a comprehensive analysis including the dimensions of human capital/quality of life has been less considered. The general objective of this research is to assess the degree of development of the insurance sector in the interplay with the representative dimensions of quality of life, at the level of the European Union (EU) Member States (MS), and to propose strategies for narrowing the gap between countries. The data encloses representative indicators that reveal the size of the insurance market, on the one hand, and the dimensions of quality of life, on the other hand, at the level of 2019. The research methodology consists of cluster analysis with the Ward method. The main results reveal that, at the level of all EU-27 Member States, the size of the insurance market is interconnected with the quality of life, with significant differences between them, developing countries having modest results compared to developed countries. Thereby, specific strategies and policies for these groups of countries are paramount, in order to enhance the wellbeing by insurance services and coverage.
{"title":"INSURANCE DEVELOPMENT AND LIFE QUALITY IN THE EUROPEAN UNION COUNTRIES. AN EMPIRICAL ASSESSMENT","authors":"M. Cristea, G. Noja, D. Drăgoi, Leontina Codruţa Andriţoiu","doi":"10.22190/fueo210616022c","DOIUrl":"https://doi.org/10.22190/fueo210616022c","url":null,"abstract":"The connection between insurance and economic development has been intensively addressed in the literature, but a comprehensive analysis including the dimensions of human capital/quality of life has been less considered. The general objective of this research is to assess the degree of development of the insurance sector in the interplay with the representative dimensions of quality of life, at the level of the European Union (EU) Member States (MS), and to propose strategies for narrowing the gap between countries. The data encloses representative indicators that reveal the size of the insurance market, on the one hand, and the dimensions of quality of life, on the other hand, at the level of 2019. The research methodology consists of cluster analysis with the Ward method. The main results reveal that, at the level of all EU-27 Member States, the size of the insurance market is interconnected with the quality of life, with significant differences between them, developing countries having modest results compared to developed countries. Thereby, specific strategies and policies for these groups of countries are paramount, in order to enhance the wellbeing by insurance services and coverage.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87861938","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}
Contemporary companies consider work-life balance a crucial topic. Higher work pressure, longer working hours and more families with both working parents have made balancing work and private life even more difficult. The paper addresses this interrelation and highlights two research questions regarding the type of relationship (positive or negative) that exists between work and private life of employees. These questions are answered based on the analysis of various previously conducted empirical research studies. Findings reveal both negative and positive interrelationship between employees' work and private life. The contributions and conclusions of this paper can be extremely relevant for a company to comprehend how important the creation of work-life balance initiatives is for increasing job satisfaction of its managers and other employees, as well as for developing the reputation of a desirable employer.
{"title":"INTERRELATIONSHIP BETWEEN WORK AND PRIVATE LIFE OF EMPLOYEES - CONFLICT OR BALANCE?","authors":"M. Mladenović, B. Krstić","doi":"10.22190/fueo210505021m","DOIUrl":"https://doi.org/10.22190/fueo210505021m","url":null,"abstract":"Contemporary companies consider work-life balance a crucial topic. Higher work pressure, longer working hours and more families with both working parents have made balancing work and private life even more difficult. The paper addresses this interrelation and highlights two research questions regarding the type of relationship (positive or negative) that exists between work and private life of employees. These questions are answered based on the analysis of various previously conducted empirical research studies. Findings reveal both negative and positive interrelationship between employees' work and private life. The contributions and conclusions of this paper can be extremely relevant for a company to comprehend how important the creation of work-life balance initiatives is for increasing job satisfaction of its managers and other employees, as well as for developing the reputation of a desirable employer.","PeriodicalId":31607,"journal":{"name":"Facta Universitatis Series Economics and Organization","volume":"14 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74922383","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}
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