Renata Amidžić, Bojan Leković, Maja Ivanović-Đukić
We investigated the factors influencing the intention of entrepreneurs driven by opportunity (ODE) and entrepreneurs driven by necessity (NDE) in the countries of South-East Europe (SEE). The aim of the paper was to identify the key factors of entrepreneurial intentions of ODE/NDE and to propose measures the application of which can transform NDE into ODE and increase the contribution of total entrepreneurial activity to economic development. The Binomial Logistics Regression and Ordinary Logistics Regression were applied, using data for 125,444 entrepreneurs in seven countries of SEE. Our findings highlight that the intention of ODE is most influenced by entrepreneurial knowledge and experience, entrepreneurial alertness and social contacts and networks, while unemployment (as a work status) and low household income have a significant impact on the intention of NDE. The fear of failure has a negative influence on the intentions of both groups of entrepreneurs, but its impact is much more accentuated in NDE than in ODE.
{"title":"FACTORS AFFECTING OPPORTUNITY AND NECESSITY-DRIVEN INTENTIONS OF ENTREPRENEURS: THE CASE OF SOUTH EAST EUROPE","authors":"Renata Amidžić, Bojan Leković, Maja Ivanović-Đukić","doi":"10.22190/teme200713007a","DOIUrl":"https://doi.org/10.22190/teme200713007a","url":null,"abstract":" We investigated the factors influencing the intention of entrepreneurs driven by opportunity (ODE) and entrepreneurs driven by necessity (NDE) in the countries of South-East Europe (SEE). The aim of the paper was to identify the key factors of entrepreneurial intentions of ODE/NDE and to propose measures the application of which can transform NDE into ODE and increase the contribution of total entrepreneurial activity to economic development. The Binomial Logistics Regression and Ordinary Logistics Regression were applied, using data for 125,444 entrepreneurs in seven countries of SEE. Our findings highlight that the intention of ODE is most influenced by entrepreneurial knowledge and experience, entrepreneurial alertness and social contacts and networks, while unemployment (as a work status) and low household income have a significant impact on the intention of NDE. The fear of failure has a negative influence on the intentions of both groups of entrepreneurs, but its impact is much more accentuated in NDE than in ODE.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45139216","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}
Branislava Hristov Stančić, A. Đorđević, Igor Kovačević, Bojan V. Zečević
As it is commonly believed that tourism contributes positively to economic growth, many developing countries rely on tourism in their efforts to enhance their economic conditions. Serbia has also given priority to the development of tourism industry as a part of its economic growth strategy. In this paper we analyze the long-term effects of tourism on the economic growth of Serbia. More specifically, the tourism-led economic growth (TLEG) hypothesis is tested, which implies that tourism is a trigger of Serbian economic growth. This study investigates the causal relations between tourism growth and economic expansion for the Serbian economy by using cointegration analysis. The obtained results show that the hypothesis of tourism-led economic growth in the Serbian economy is confirmed.
{"title":"TOURISM-LED ECONOMIC GROWTH HYPOTHESIS - AN EMPIRICAL INVESTIGATION FOR SERBIA","authors":"Branislava Hristov Stančić, A. Đorđević, Igor Kovačević, Bojan V. Zečević","doi":"10.22190/teme210217014h","DOIUrl":"https://doi.org/10.22190/teme210217014h","url":null,"abstract":"As it is commonly believed that tourism contributes positively to economic growth, many developing countries rely on tourism in their efforts to enhance their economic conditions. Serbia has also given priority to the development of tourism industry as a part of its economic growth strategy. In this paper we analyze the long-term effects of tourism on the economic growth of Serbia. More specifically, the tourism-led economic growth (TLEG) hypothesis is tested, which implies that tourism is a trigger of Serbian economic growth. This study investigates the causal relations between tourism growth and economic expansion for the Serbian economy by using cointegration analysis. The obtained results show that the hypothesis of tourism-led economic growth in the Serbian economy is confirmed. ","PeriodicalId":31832,"journal":{"name":"Teme","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41528564","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}
Predrag Mimović, Kristina Budimčević, Aleksandra Marcikić Horvat
Over the past decades, the rapid development of the airline industry has occurred in the Middle East and particularly in the United Arab Emirates. The need for the development of the aviation sector has emerged due to the strategically important position that Middle East occupies as the central point between the eastern and western hemispheres. Its major airlines, so called Middle East Big Three (MEB3) - Emirates, Etihad and Qatar Airways, have become dominant in the region, as well as across the globe, primarily thanks to the high quality of their services and globally recognized brand. The focus of the assessment are the airlines’ non-financial performance indicators, such as: the number of carried passengers and cargo, number of employees, serving destinations, fleet size, etc. The analysis covered a period of twelve years, starting from 2005 until 2016, which was characterized by the expansion of these airlines. For each observed company, the efficiency was first separately measured using the Data Envelopment Analysis (DEA) method, followed by the dynamic analysis and measurement of their efficiencies using the DEA Window analysis. In both cases, Emirates Airlines had the best performance.
{"title":"DYNAMIC MODEL OF PERFORMANCE MEASUREMENT OF MIDDLE EAST AIRLINES","authors":"Predrag Mimović, Kristina Budimčević, Aleksandra Marcikić Horvat","doi":"10.22190/teme190313005m","DOIUrl":"https://doi.org/10.22190/teme190313005m","url":null,"abstract":"Over the past decades, the rapid development of the airline industry has occurred in the Middle East and particularly in the United Arab Emirates. The need for the development of the aviation sector has emerged due to the strategically important position that Middle East occupies as the central point between the eastern and western hemispheres. Its major airlines, so called Middle East Big Three (MEB3) - Emirates, Etihad and Qatar Airways, have become dominant in the region, as well as across the globe, primarily thanks to the high quality of their services and globally recognized brand. The focus of the assessment are the airlines’ non-financial performance indicators, such as: the number of carried passengers and cargo, number of employees, serving destinations, fleet size, etc. The analysis covered a period of twelve years, starting from 2005 until 2016, which was characterized by the expansion of these airlines. For each observed company, the efficiency was first separately measured using the Data Envelopment Analysis (DEA) method, followed by the dynamic analysis and measurement of their efficiencies using the DEA Window analysis. In both cases, Emirates Airlines had the best performance.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47572674","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}
Worldwide, great efforts are being made in order to establish sustainable development at all levels. European Union (EU) member states are obliged to meet the requirements in the area of environmental protection. In this paper, the authors conducted a comparative study of environmental attitudes among young people from both EU transition countries and EU candidate countries. The objective was to determine the differences in environmental attitudes, environmental awareness and self-efficacy of the youth from these two groups of countries and the EU environmental policy implementation level. Results indicated that the influence of EU membership exists when it comes to the environmental attitudes of youth from the analyzed countries. Average values showed the unsatisfactory situation regarding environmental awareness and self-efficacy of respondents. In order to define the relations among environmental attitudes, self-efficacy and environmental awareness, a structural model was created. This analysis showed that these three components work the same way in both groups of countries.
{"title":"COMPARATIVE ANALYSIS OF ENVIRONMENTAL ATTITUDES OF YOUTH FROM EU MEMBER AND CANDIDATE STATES: CASE STUDY CENTRAL AND EASTERN EUROPE","authors":"Danijela Voza, Isidora Milošević, Milovan Vuković","doi":"10.22190/teme201116010v","DOIUrl":"https://doi.org/10.22190/teme201116010v","url":null,"abstract":"Worldwide, great efforts are being made in order to establish sustainable development at all levels. European Union (EU) member states are obliged to meet the requirements in the area of environmental protection. In this paper, the authors conducted a comparative study of environmental attitudes among young people from both EU transition countries and EU candidate countries. The objective was to determine the differences in environmental attitudes, environmental awareness and self-efficacy of the youth from these two groups of countries and the EU environmental policy implementation level. Results indicated that the influence of EU membership exists when it comes to the environmental attitudes of youth from the analyzed countries. Average values showed the unsatisfactory situation regarding environmental awareness and self-efficacy of respondents. In order to define the relations among environmental attitudes, self-efficacy and environmental awareness, a structural model was created. This analysis showed that these three components work the same way in both groups of countries.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45230471","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}
After the 2015 release of Peter Wohlleben’s book The Secret Life of Trees, which soon became a best-seller, books on nature and trees swamped the German book market. This paper is an attempt to answer the question why a forester’s book met such positive reactions from the readership. This paper focuses on the symbolic and semantic traits of the tree, as well as its meaning in the cultural memory of the German people that Wohlleben relies on in his way of depicting trees. Taking into consideration the aim of the paper, the semiotic and cultural-historical methods have been implemented.
{"title":"ДРВО У КУЛТУРНОМ ПАМЋЕЊУ НЕМАЧКОГ НАРОДА НА ПРИМЕРУ ПРИКАЗА КЊИГЕ ПЕТЕРА ВОЛЕБЕНА ТАЈНИ ЖИВОТ ДРВЕЋА","authors":"Ivana D. Pajić, Mirjana J. Zarifovic Grkovic","doi":"10.22190/teme190610004p","DOIUrl":"https://doi.org/10.22190/teme190610004p","url":null,"abstract":"After the 2015 release of Peter Wohlleben’s book The Secret Life of Trees, which soon became a best-seller, books on nature and trees swamped the German book market. This paper is an attempt to answer the question why a forester’s book met such positive reactions from the readership. This paper focuses on the symbolic and semantic traits of the tree, as well as its meaning in the cultural memory of the German people that Wohlleben relies on in his way of depicting trees. Taking into consideration the aim of the paper, the semiotic and cultural-historical methods have been implemented. ","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45756508","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}
Marija Petrović-Ranđelović, S. Jovanović, S. Radukić
The purpose of this study is to determine the relationship between individual dimensions of institutional quality and inflows of foreign direct investment (hereinafter: FDI) on a sample of European countries in 2020. In order to investigate this relationship, the data used are from the relevant World Bank databases. Taking into account the heterogeneity of the analyzed countries regarding the development level of the dimensions of institutional quality, cluster analysis is applied to define homogeneous groups. After identifying the significance of differences in the development level of the institutional quality dimensions between clusters, the analysis focus is placed on the group of countries that belong to the first cluster. The Gray relational analysis is applied to identify those institutional quality dimensions which development should be improved. The main empirical finding of this study reveals that the relative importance of the individual institutional quality dimensions in determining FDI inflows varies in the observed countries. Also, the analysis shows that a low level of political stability has the greatest negative impact on FDI inflows in countries that belong to the first cluster. Therefore, this study gives policy recommendation regarding the activities that should be taken by the authorities in order to create an enabling institutional environment for FDI in these countries.
{"title":"WHICH DIMENSIONS OF INSTITUTIONAL QUALITY MATTER MORE IN ATTRACTING FDI FLOWS: GREY RELATIONAL ANALYSIS","authors":"Marija Petrović-Ranđelović, S. Jovanović, S. Radukić","doi":"10.22190/teme201116011p","DOIUrl":"https://doi.org/10.22190/teme201116011p","url":null,"abstract":"The purpose of this study is to determine the relationship between individual dimensions of institutional quality and inflows of foreign direct investment (hereinafter: FDI) on a sample of European countries in 2020. In order to investigate this relationship, the data used are from the relevant World Bank databases. Taking into account the heterogeneity of the analyzed countries regarding the development level of the dimensions of institutional quality, cluster analysis is applied to define homogeneous groups. After identifying the significance of differences in the development level of the institutional quality dimensions between clusters, the analysis focus is placed on the group of countries that belong to the first cluster. The Gray relational analysis is applied to identify those institutional quality dimensions which development should be improved. The main empirical finding of this study reveals that the relative importance of the individual institutional quality dimensions in determining FDI inflows varies in the observed countries. Also, the analysis shows that a low level of political stability has the greatest negative impact on FDI inflows in countries that belong to the first cluster. Therefore, this study gives policy recommendation regarding the activities that should be taken by the authorities in order to create an enabling institutional environment for FDI in these countries.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43010833","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 paper deals with combating human trafficking in the European area, while respecting the dialectical unity of theory and practice, applying the principles and logic of a system approach. The European mechanism for combating human trafficking, as a regional instrument, was created out of a need to combat human trafficking in an organized and multidisciplinary manner, which has become a serious problem in Europe. Building an effective, comprehensive and multidisciplinary mechanism is based on the greater application of the scientific approach, the harmonization of legal systems and concerted action of states, thereby achieving a synergistic effect. The European mechanism is seen as a complex, open, dynamic and stochastic organizational system, incorporating all European countries (except Russia) as components. Its functioning has achieved a more balanced approach of European countries to the problem and a more coherent operation of national mechanisms. The poly-centricity of the system originated as a consequence of the simultaneous action of the three governing units (the Council of Europe, the European Union, and the OSCE) on national mechanisms, and their lack of coordination complicates the position of the national mechanisms.
{"title":"BUILDING THE EUROPEAN MECHANISM FOR COMBATING HUMAN TRAFFICKING - A SYSTEM APPROACH","authors":"Anđelija Đukić, Marko D. Andrejić","doi":"10.22190/teme200501016d","DOIUrl":"https://doi.org/10.22190/teme200501016d","url":null,"abstract":"The paper deals with combating human trafficking in the European area, while respecting the dialectical unity of theory and practice, applying the principles and logic of a system approach. The European mechanism for combating human trafficking, as a regional instrument, was created out of a need to combat human trafficking in an organized and multidisciplinary manner, which has become a serious problem in Europe. Building an effective, comprehensive and multidisciplinary mechanism is based on the greater application of the scientific approach, the harmonization of legal systems and concerted action of states, thereby achieving a synergistic effect. The European mechanism is seen as a complex, open, dynamic and stochastic organizational system, incorporating all European countries (except Russia) as components. Its functioning has achieved a more balanced approach of European countries to the problem and a more coherent operation of national mechanisms. The poly-centricity of the system originated as a consequence of the simultaneous action of the three governing units (the Council of Europe, the European Union, and the OSCE) on national mechanisms, and their lack of coordination complicates the position of the national mechanisms.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45784208","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}
Foreign direct investments are an integral part of open and effective international economic system, and they are the main catalyst for development. However, the benefits of a foreign direct investment are not the same in all local communities, sectors and countries. International investments and national policy are aimed at foreign direct investment and reap benefits of investment development. The challenges are primarily related to the host countries, and the establishment of an efficient and transparent policy to attract investment, and that must be paid to building human and institutional capacity for their implementation. Compared to the existing literature, which focuses mainly on the effects of political risk or corruption on FDI, our contribution is reflected in testing a wider range of institutional variables and their impact on undertaking investment projects by foreign investors. The analysis included 5 countries of the Western Balkans in the period of 22 years starting from 1998 until 2019. In the analysis of empirical data, we used the fixed effect model (FEM) for evaluating FDI. Also, the quality of the research is promoted using balanced panel data.
{"title":"IMPORTANCE OF INSTITUTIONAL CAPACITY FOR ATTRACTING FDI IN THE WESTERN BALKAN COUNTRIES","authors":"T. Stevanović, I. Marković, V. Lepojević","doi":"10.22190/teme200815008s","DOIUrl":"https://doi.org/10.22190/teme200815008s","url":null,"abstract":"Foreign direct investments are an integral part of open and effective international economic system, and they are the main catalyst for development. However, the benefits of a foreign direct investment are not the same in all local communities, sectors and countries. International investments and national policy are aimed at foreign direct investment and reap benefits of investment development. The challenges are primarily related to the host countries, and the establishment of an efficient and transparent policy to attract investment, and that must be paid to building human and institutional capacity for their implementation. Compared to the existing literature, which focuses mainly on the effects of political risk or corruption on FDI, our contribution is reflected in testing a wider range of institutional variables and their impact on undertaking investment projects by foreign investors. The analysis included 5 countries of the Western Balkans in the period of 22 years starting from 1998 until 2019. In the analysis of empirical data, we used the fixed effect model (FEM) for evaluating FDI. Also, the quality of the research is promoted using balanced panel data.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48376003","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 aim of this paper was to examine the opinion of chemistry teachers on distance learning realized during the COVID-19 pandemic in the period from March 17 to June 15, 2020. The sample includes 75 primary and secondary school chemistry teachers. The results show that the third of teachers and students followed the teaching contents in chemistry that were broadcast on the channels of the Public Media Service of Serbia. Most teachers realized distance learning using the Google classroom, using teaching materials that they created in the form of presentations, videos and tests, while communication with students and parents was mostly reduced to Viber and social networks. Chemistry teachers had difficulties during the planning and preparation of teaching materials, but also during the assessment which, in the opinion of most teachers, was not objective. The paper presents the suggestions of teachers in order to improve the assessment process. The general attitude and satisfaction of chemistry teachers about the realized teaching is divided - while some teachers are very satisfied, others are dissatisfied. Chemistry teachers have clearly pointed out the need for professional training in the field of making materials for distance learning, working with software and platforms for the implementation of teaching itself, but also in the field of methodological training and preparation for distance learning.
{"title":"DISTANCE TEACHING OF CHEMISTRY DURING THE COVID-19 PANDEMIC: CHALLENGES AND SOLUTIONS","authors":"Станислава Олић Нинковић, Јасна Адамов","doi":"10.22190/teme201210002o","DOIUrl":"https://doi.org/10.22190/teme201210002o","url":null,"abstract":"The aim of this paper was to examine the opinion of chemistry teachers on distance learning realized during the COVID-19 pandemic in the period from March 17 to June 15, 2020. The sample includes 75 primary and secondary school chemistry teachers. The results show that the third of teachers and students followed the teaching contents in chemistry that were broadcast on the channels of the Public Media Service of Serbia. Most teachers realized distance learning using the Google classroom, using teaching materials that they created in the form of presentations, videos and tests, while communication with students and parents was mostly reduced to Viber and social networks. Chemistry teachers had difficulties during the planning and preparation of teaching materials, but also during the assessment which, in the opinion of most teachers, was not objective. The paper presents the suggestions of teachers in order to improve the assessment process. The general attitude and satisfaction of chemistry teachers about the realized teaching is divided - while some teachers are very satisfied, others are dissatisfied. Chemistry teachers have clearly pointed out the need for professional training in the field of making materials for distance learning, working with software and platforms for the implementation of teaching itself, but also in the field of methodological training and preparation for distance learning.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47799390","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}
As a set of globally accepted financial reporting rules, IFRSs are primarily intended for economically developed countries with adequate legislation, developed capital markets and quality financial reporting practices. Developing countries are motivated to use IFRS to improve the quality and reliability of the financial reporting procedures in order to attract foreign investments, enable unhindered international financial flows and stimulate economic growth. The key problem in this regard is the inconsistency of their local economic, legal and social infrastructure with the requirements of the successful implementation of IFRS, which requires numerous preparations and adjustments. The purpose of this paper is to consider the possibilities and preconditions for the application of IFRS in Sudan, as a country with an underdeveloped economy, inadequate legislation, weak accounting profession and numerous cultural specificities. The key question that arose during the survey of academics' perceptions on this topic was not whether Sudan should apply IFRS, but whether it is currently possible to apply IFRS in this country at all, given the numerous difficulties preventing that. Therefore, this process should be approached very carefully, with the necessary thorough preparation of the local economic and legal environment and with constant analysis of the costs and benefits of such an endeavor. The potential benefits of applying IFRS in Sudan are undeniable, but it is important that they outweigh the required high initial investment and possible negative effects from possible inadequate implementation.
{"title":"CAN IFRS IMPROVE THE QUALITY OF FINANCIAL REPORTING IN SUDAN?","authors":"Vojislav Sekerez, Mutaz A. Abouagla, D. Spasić","doi":"10.22190/teme201130013s","DOIUrl":"https://doi.org/10.22190/teme201130013s","url":null,"abstract":"As a set of globally accepted financial reporting rules, IFRSs are primarily intended for economically developed countries with adequate legislation, developed capital markets and quality financial reporting practices. Developing countries are motivated to use IFRS to improve the quality and reliability of the financial reporting procedures in order to attract foreign investments, enable unhindered international financial flows and stimulate economic growth. The key problem in this regard is the inconsistency of their local economic, legal and social infrastructure with the requirements of the successful implementation of IFRS, which requires numerous preparations and adjustments. The purpose of this paper is to consider the possibilities and preconditions for the application of IFRS in Sudan, as a country with an underdeveloped economy, inadequate legislation, weak accounting profession and numerous cultural specificities. The key question that arose during the survey of academics' perceptions on this topic was not whether Sudan should apply IFRS, but whether it is currently possible to apply IFRS in this country at all, given the numerous difficulties preventing that. Therefore, this process should be approached very carefully, with the necessary thorough preparation of the local economic and legal environment and with constant analysis of the costs and benefits of such an endeavor. The potential benefits of applying IFRS in Sudan are undeniable, but it is important that they outweigh the required high initial investment and possible negative effects from possible inadequate implementation.","PeriodicalId":31832,"journal":{"name":"Teme","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68292421","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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