Purpose: the paper includes a review of the literature in the field of drones, drone technology, possible implementation in the field of the last mile concept, legislation, suitability of technology in the field of security, weather conditions, social acceptance and later focuses on checking the possible implementation of drones according to the set parameters. Methodology: for the purposes of research and obtaining answers to the posed research question and hypotheses, we used the method of literature review in the selected field, panel data analysis, conducted interviews with experts in the field of delivery drones in the Republic of Slovenia, and conducted secondary research. Results: the results show an assessment of the possible implementation of drones based on the analysis of the obtained data and interviews. We determined a realistic assessment of the potential of delivery drones, in which we included several vital aspects necessary for implementation. Conclusion: it was found that the current technology is not yet fully adequate, and significant technological improvements are also needed. It is also necessary to plan integrated urban spatial solutions that will enable safe and efficient delivery in the supply chain. Namely, delivery with drones is currently ineffective due to flight safety, harmful sound emissions and the inability to fly in bad weather conditions. Based on a literature review and a survey among large logistics companies, it was found that there are still many barriers to implementation due to legal norms and regulations, which are currently very constructive. It is unlikely, however, that parcel delivery will take off in an urban environment soon, as there are still many unknowns. With proper planning and use of suburban consolidation centres, e-vans, e-cars and bicycles are currently economically viable for last mile delivery.
{"title":"Drone last mile delivery: An assessment of the viable market and security potential of drone delivery","authors":"Igor Grofelnik, Uroš Godnov, M. Sternad","doi":"10.51680/ev.35.2.8","DOIUrl":"https://doi.org/10.51680/ev.35.2.8","url":null,"abstract":"Purpose: the paper includes a review of the literature in the field of drones, drone technology, possible implementation in the field of the last mile concept, legislation, suitability of technology in the field of security, weather conditions, social acceptance and later focuses on checking the possible implementation of drones according to the set parameters. Methodology: for the purposes of research and obtaining answers to the posed research question and hypotheses, we used the method of literature review in the selected field, panel data analysis, conducted interviews with experts in the field of delivery drones in the Republic of Slovenia, and conducted secondary research. Results: the results show an assessment of the possible implementation of drones based on the analysis of the obtained data and interviews. We determined a realistic assessment of the potential of delivery drones, in which we included several vital aspects necessary for implementation. Conclusion: it was found that the current technology is not yet fully adequate, and significant technological improvements are also needed. It is also necessary to plan integrated urban spatial solutions that will enable safe and efficient delivery in the supply chain. Namely, delivery with drones is currently ineffective due to flight safety, harmful sound emissions and the inability to fly in bad weather conditions. Based on a literature review and a survey among large logistics companies, it was found that there are still many barriers to implementation due to legal norms and regulations, which are currently very constructive. It is unlikely, however, that parcel delivery will take off in an urban environment soon, as there are still many unknowns. With proper planning and use of suburban consolidation centres, e-vans, e-cars and bicycles are currently economically viable for last mile delivery.","PeriodicalId":42693,"journal":{"name":"Ekonomski Vjesnik","volume":null,"pages":null},"PeriodicalIF":0.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70670242","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}
Purpose: Entrepreneurship is often viewed as a driver of the global economy. However, previous research on the relationship between entrepreneurship and economic growth shows contradictory results depending on the research settings. The purpose of this paper is to investigate how early-stage entrepreneurship - including only enterprises that are less than three and a half years old - affects regional economic growth in the European Union. Methodology: The methodology includes three methods: bivariate correlation, fixed effects regression with region and time fixed effects and spatial fixed effects regression. The panel sample consists of 273 NUTS 2 regions between 2008 and 2017. Results: The results support the hypothesis of this research and show that early-stage entrepreneurship has a mild positive effect on the economic growth of European regions. However, the potential bidirectional nature of this relationship obliterates the ability to comment on the causality of this link. The percentage of people in the active population employed in human resources in science and technology and gross fixed capital formation have a significant and impactful effect on regional GDP. Conclusion: The conclusion can be drawn that the effect of early-stage entrepreneurship on regional economic growth is conditioned by the population density of the region. Although these results show that enterprises founded in densely populated areas such as cities and metropolitan areas tend to have a larger effect on the regional economy, the results are ambiguous.
{"title":"Regional early-stage entrepreneurship in the European Union","authors":"Mateo Ivan Vrdoljak, Mirjana Radman Funarić","doi":"10.51680/ev.35.1.1","DOIUrl":"https://doi.org/10.51680/ev.35.1.1","url":null,"abstract":"Purpose: Entrepreneurship is often viewed as a driver of the global economy. However, previous research on the relationship between entrepreneurship and economic growth shows contradictory results depending on the research settings. The purpose of this paper is to investigate how early-stage entrepreneurship - including only enterprises that are less than three and a half years old - affects regional economic growth in the European Union. Methodology: The methodology includes three methods: bivariate correlation, fixed effects regression with region and time fixed effects and spatial fixed effects regression. The panel sample consists of 273 NUTS 2 regions between 2008 and 2017. Results: The results support the hypothesis of this research and show that early-stage entrepreneurship has a mild positive effect on the economic growth of European regions. However, the potential bidirectional nature of this relationship obliterates the ability to comment on the causality of this link. The percentage of people in the active population employed in human resources in science and technology and gross fixed capital formation have a significant and impactful effect on regional GDP. Conclusion: The conclusion can be drawn that the effect of early-stage entrepreneurship on regional economic growth is conditioned by the population density of the region. Although these results show that enterprises founded in densely populated areas such as cities and metropolitan areas tend to have a larger effect on the regional economy, the results are ambiguous.","PeriodicalId":42693,"journal":{"name":"Ekonomski Vjesnik","volume":null,"pages":null},"PeriodicalIF":0.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70668370","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}
Purpose: The aim of this research is to identify the most exposed business processes in the pandemic era and investigate how the COVID-19 pandemic affected these processes in the processing companies in Brod-Posavina County. Methodology: The questionnaire was sent electronically to the official e-mail addresses of 49 processing companies in Brod-Posavina County according to the FINA register. The questionnaire was filled in by 102 respondents from 35 processing companies. The survey included employees of companies with more than 3 years of work experience in the considered company who are employed in management, commercial, financial or technical positions. The study uses descriptive statistical analysis and multivariate factor analysis. Results: The most exposed business processes were selected. Based on respondent’s perceptions, research results confirm the exposure of all mentioned business processes to the coronavirus pandemic. “Work organization” and “commercial and financial area” are recognized as the most exposed business process and business area significantly exposed to the risk of unsustainability in Brod-Posavina County processing companies, respectively. Conclusion: The research findings confirmed the hypotheses of the paper, which propose that the disruption caused by the coronavirus pandemic had an impact on all business processes in processing companies and there was a business area significantly exposed to the risk of unsustainability in the conditions of the coronavirus pandemic. The identified business process and business area may serve as a basis for comparison in similar future cases.
{"title":"Critical business processes of processing companies in the conditions of the coronavirus\u0000pandemic","authors":"Sandra Knežević, Danijel Kušljić, Hrvoje Sivrić","doi":"10.51680/ev.35.1.13","DOIUrl":"https://doi.org/10.51680/ev.35.1.13","url":null,"abstract":"Purpose: The aim of this research is to identify the most exposed business processes in the pandemic era and investigate how the COVID-19 pandemic affected these processes in the processing companies in Brod-Posavina County. Methodology: The questionnaire was sent electronically to the official e-mail addresses of 49 processing companies in Brod-Posavina County according to the FINA register. The questionnaire was filled in by 102 respondents from 35 processing companies. The survey included employees of companies with more than 3 years of work experience in the considered company who are employed in management, commercial, financial or technical positions. The study uses descriptive statistical analysis and multivariate factor analysis. Results: The most exposed business processes were selected. Based on respondent’s perceptions, research results confirm the exposure of all mentioned business processes to the coronavirus pandemic. “Work organization” and “commercial and financial area” are recognized as the most exposed business process and business area significantly exposed to the risk of unsustainability in Brod-Posavina County processing companies, respectively. Conclusion: The research findings confirmed the hypotheses of the paper, which propose that the disruption caused by the coronavirus pandemic had an impact on all business processes in processing companies and there was a business area significantly exposed to the risk of unsustainability in the conditions of the coronavirus pandemic. The identified business process and business area may serve as a basis for comparison in similar future cases.","PeriodicalId":42693,"journal":{"name":"Ekonomski Vjesnik","volume":null,"pages":null},"PeriodicalIF":0.4,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70668942","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}
Purpose: The independence of the economic policy of national states in the European Union is a relevant and politically controversial issue as notions of lost sovereignty are often evoked by populist political options. It is therefore important to distinctly outline the actual state of affairs. Methodology: Methodology is descriptive and comparative. The article starts by surveying traditional and recent political, institutional and economic arguments on policy convergence in areas undergoing economic integration. The article continues by contrasting the complex notion of economic sovereignty and the ongoing development of economic policy constrictions of EU (and eurozone) membership. Croatia is then compared to relevant economies in key economic policies in response to the crisis of 2008/09 in order to evaluate the maneuvering room left by the various policy constrictions. Results: Particular attention is devoted to the comparison of exchange rate policy, fiscal policy and monetary policy employed by member states in response to the crisis of 2008/09. While economic independence in terms of crisis management is clearly reduced by virtue of EU and eurozone membership, its effects should not be felt as a change of policy direction in the case of Croatia. Conclusion: We conclude that the policy restrictions imposed by EU membership and expected entry into the eurozone are in line with economic restraints and exhibited national policy preferences prior to EU accession.
{"title":"Economic policy independence in EU member states","authors":"Josip Lučev, Dario Cvrtila","doi":"10.51680/EV.34.1.17","DOIUrl":"https://doi.org/10.51680/EV.34.1.17","url":null,"abstract":"Purpose: The independence of the economic policy of national states in the European Union is a relevant and politically controversial issue as notions of lost sovereignty are often evoked by populist political options. It is therefore important to distinctly outline the actual state of affairs. Methodology: Methodology is descriptive and comparative. The article starts by surveying traditional and recent political, institutional and economic arguments on policy convergence in areas undergoing economic integration. The article continues by contrasting the complex notion of economic sovereignty and the ongoing development of economic policy constrictions of EU (and eurozone) membership. Croatia is then compared to relevant economies in key economic policies in response to the crisis of 2008/09 in order to evaluate the maneuvering room left by the various policy constrictions. Results: Particular attention is devoted to the comparison of exchange rate policy, fiscal policy and monetary policy employed by member states in response to the crisis of 2008/09. While economic independence in terms of crisis management is clearly reduced by virtue of EU and eurozone membership, its effects should not be felt as a change of policy direction in the case of Croatia. Conclusion: We conclude that the policy restrictions imposed by EU membership and expected entry into the eurozone are in line with economic restraints and exhibited national policy preferences prior to EU accession.","PeriodicalId":42693,"journal":{"name":"Ekonomski Vjesnik","volume":null,"pages":null},"PeriodicalIF":0.4,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70666804","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}
Purpose: This paper discusses tourists’ attitudes towards sustainable marketing factors in the context of cultural tourism. It aims to examine the influence of tourists’ attitudes on satisfaction with the overall cultural experience and perceived ecological, social, and economic effects and their impact on satisfaction. Methodology: The survey was conducted in Croatia in 2020 on a sample of 205 domestic tourists. Based on previous research, two sets of marketing items were defined: items closely related to sustainability (CRS) and items not closely related to sustainability (NCRS). Exploratory factor analysis (EFA) was applied to extract factors, followed by Principal Component Analysis (PCA). Multiple linear regression analysis was used to test the factors’ impact on satisfaction and perceived cultural tourism effects. Results: The results of factor analysis generated two CRS factors (Sustainable destination policies, Propensity for sustainable behaviour) and two NCRS factors (Respect for cultural heritage, Servicescape). The two CRS factors and the factor Respect for cultural heritage have a statistically significant influence on overall satisfaction. Moreover, the results imply that Propensity for sustainable behaviour and Respect for cultural heritage positively contribute to overall satisfaction. Among all the observed factors, only Sustainable destination policy does not significantly influence any perceived cultural tourism effects. In contrast, the perceived socio-cultural and economic effects have a positive influence on tourist satisfaction. Conclusion: The research results underpin the influence of sustainable marketing factors on satisfaction with the overall cultural experience and perceived tourism effects and their impact on satisfaction. The findings provide new insights into marketing theory and guidelines for marketing managers regarding sustainability in cultural tourism.
{"title":"Sustainable marketing factors","authors":"L. Bašan, Jelena Kapeš, L. Brolich","doi":"10.51680/ev.34.2.11","DOIUrl":"https://doi.org/10.51680/ev.34.2.11","url":null,"abstract":"Purpose: This paper discusses tourists’ attitudes towards sustainable marketing factors in the context of cultural tourism. It aims to examine the influence of tourists’ attitudes on satisfaction with the overall cultural experience and perceived ecological, social, and economic effects and their impact on satisfaction. Methodology: The survey was conducted in Croatia in 2020 on a sample of 205 domestic tourists. Based on previous research, two sets of marketing items were defined: items closely related to sustainability (CRS) and items not closely related to sustainability (NCRS). Exploratory factor analysis (EFA) was applied to extract factors, followed by Principal Component Analysis (PCA). Multiple linear regression analysis was used to test the factors’ impact on satisfaction and perceived cultural tourism effects. Results: The results of factor analysis generated two CRS factors (Sustainable destination policies, Propensity for sustainable behaviour) and two NCRS factors (Respect for cultural heritage, Servicescape). The two CRS factors and the factor Respect for cultural heritage have a statistically significant influence on overall satisfaction. Moreover, the results imply that Propensity for sustainable behaviour and Respect for cultural heritage positively contribute to overall satisfaction. Among all the observed factors, only Sustainable destination policy does not significantly influence any perceived cultural tourism effects. In contrast, the perceived socio-cultural and economic effects have a positive influence on tourist satisfaction. Conclusion: The research results underpin the influence of sustainable marketing factors on satisfaction with the overall cultural experience and perceived tourism effects and their impact on satisfaction. The findings provide new insights into marketing theory and guidelines for marketing managers regarding sustainability in cultural tourism.","PeriodicalId":42693,"journal":{"name":"Ekonomski Vjesnik","volume":null,"pages":null},"PeriodicalIF":0.4,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70667456","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}
Purpose: The definition of the digital economy changes depending on the time period the definition comes from and the prevailing technology of that period, from the Internet to advanced robotics or artificial intelligence. The purpose of this paper is to identify the core terms, give a definition of the digital economy, identify the most influential journals, authors and documents that deal with the topic and provide an overview of the development of academic literature over the years. Methodology: 293 documents related to the term “digital economy” were retrieved from the Scopus database. By using citation, co-citation, bibliographic coupling analysis and co-occurrence of the keywords, this paper identifies a list of the most influential journals, authors and documents in the field of digital economy. The analysis was conducted by using the VOSviewer tool. An in-depth analysis of the documents was used to prepare an overview of the definitions of the digital economy. Results: The research proves inconsistency of the definition and context of the digital economy as well as a significant impact of a small number of authors and journals in the area under study. Keyword analysis shows that the term digital economy is related not to macroeconomic terms but to more specific industrial terms. Conclusion: Guidelines are provided for future scientific research to fill the gaps in the definition and scope of the digital economy.
{"title":"Digital economy – a bibliometric addition to understanding an “undefined” domain of the economy","authors":"Žarko Kruljac","doi":"10.51680/ev.34.2.17","DOIUrl":"https://doi.org/10.51680/ev.34.2.17","url":null,"abstract":"Purpose: The definition of the digital economy changes depending on the time period the definition comes from and the prevailing technology of that period, from the Internet to advanced robotics or artificial intelligence. The purpose of this paper is to identify the core terms, give a definition of the digital economy, identify the most influential journals, authors and documents that deal with the topic and provide an overview of the development of academic literature over the years. Methodology: 293 documents related to the term “digital economy” were retrieved from the Scopus database. By using citation, co-citation, bibliographic coupling analysis and co-occurrence of the keywords, this paper identifies a list of the most influential journals, authors and documents in the field of digital economy. The analysis was conducted by using the VOSviewer tool. An in-depth analysis of the documents was used to prepare an overview of the definitions of the digital economy. Results: The research proves inconsistency of the definition and context of the digital economy as well as a significant impact of a small number of authors and journals in the area under study. Keyword analysis shows that the term digital economy is related not to macroeconomic terms but to more specific industrial terms. Conclusion: Guidelines are provided for future scientific research to fill the gaps in the definition and scope of the digital economy.","PeriodicalId":42693,"journal":{"name":"Ekonomski Vjesnik","volume":null,"pages":null},"PeriodicalIF":0.4,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70668147","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}
Purpose: The purpose of this research is to analyze the changes in Croatian Generation Z buying behavior due to the COVID-19 pandemic. As a result of the pandemic, all governments have imposed different measures that directly and indirectly impact consumer behavior. Recent studies have mostly recorded a dynamic increase in online shopping, stockpiling, and change in priorities from luxury to basic goods. This study will specifically look into the relation between Generation Z buying behavior change and their exposure to the COVID-19 pandemic as well as its impact on their perception of the quality of life. Methodology: A sample of 442 Generation Z respondents from Croatia was analyzed using ANOVA to identify buying behavior changes concerning the level of their exposure to COVID-19. The analysis also included a potential correlation between buyer behavior change and their perception of the quality of life. Results: The statistical analysis has confirmed the increase of online shopping and stockpiling in the group of respondents who were exposed to self-isolation and those who have not been exposed to COVID-19, but there was no correlation with their perception of the quality of life change as a result of forced buying behavior change. Conclusion: Generation Z is identified as an e-generation, born and brought up in a digital environment. Although the pandemic has forced them to switch even more to online shopping, they do not perceive the exposure to the COVID-19 pandemic to impact their quality of life.
{"title":"Generation Z buying behavior change in the COVID-19 pandemic context","authors":"Mirna Leko Šimić, A. Pap","doi":"10.51680/ev.34.2.9","DOIUrl":"https://doi.org/10.51680/ev.34.2.9","url":null,"abstract":"Purpose: The purpose of this research is to analyze the changes in Croatian Generation Z buying behavior due to the COVID-19 pandemic. As a result of the pandemic, all governments have imposed different measures that directly and indirectly impact consumer behavior. Recent studies have mostly recorded a dynamic increase in online shopping, stockpiling, and change in priorities from luxury to basic goods. This study will specifically look into the relation between Generation Z buying behavior change and their exposure to the COVID-19 pandemic as well as its impact on their perception of the quality of life. Methodology: A sample of 442 Generation Z respondents from Croatia was analyzed using ANOVA to identify buying behavior changes concerning the level of their exposure to COVID-19. The analysis also included a potential correlation between buyer behavior change and their perception of the quality of life. Results: The statistical analysis has confirmed the increase of online shopping and stockpiling in the group of respondents who were exposed to self-isolation and those who have not been exposed to COVID-19, but there was no correlation with their perception of the quality of life change as a result of forced buying behavior change. Conclusion: Generation Z is identified as an e-generation, born and brought up in a digital environment. Although the pandemic has forced them to switch even more to online shopping, they do not perceive the exposure to the COVID-19 pandemic to impact their quality of life.","PeriodicalId":42693,"journal":{"name":"Ekonomski Vjesnik","volume":null,"pages":null},"PeriodicalIF":0.4,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70668213","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}
Purpose: In addition to being one of the major regional integrations, owing to its favorable geopolitical position, demographic indicators, and economic power, the Association of Southeast Asian Nations (ASEAN) is also one of the world’s largest and most influential economic superpowers. This paper aims to examine the international competitiveness and trade of ASEAN member states. Methodology: The research methodology is based on the use of a group of indicators of trade balance, intra-industry trade, the share of exports in imports, trade openness, and the share of exports in GDP in the period from 2013 to 2017. Results: The main results of the paper refer to the evaluation of the competitive position of ASEAN member states’ in international terms (Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei Darussalam, Vietnam, Laos, Myanmar, and Cambodia), as well as to the aggregated results of ASEAN regional integration indicators. Conclusion: The paper’s concluding remarks are an attempt to determine the trading position of ASEAN member states and provide recommendations on how to enhance their international competitiveness.
{"title":"International competitiveness of ASEAN regional integration","authors":"Tomislav Galović","doi":"10.51680/EV.34.1.2","DOIUrl":"https://doi.org/10.51680/EV.34.1.2","url":null,"abstract":"Purpose: In addition to being one of the major regional integrations, owing to its favorable geopolitical position, demographic indicators, and economic power, the Association of Southeast Asian Nations (ASEAN) is also one of the world’s largest and most influential economic superpowers. This paper aims to examine the international competitiveness and trade of ASEAN member states. Methodology: The research methodology is based on the use of a group of indicators of trade balance, intra-industry trade, the share of exports in imports, trade openness, and the share of exports in GDP in the period from 2013 to 2017. Results: The main results of the paper refer to the evaluation of the competitive position of ASEAN member states’ in international terms (Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei Darussalam, Vietnam, Laos, Myanmar, and Cambodia), as well as to the aggregated results of ASEAN regional integration indicators. Conclusion: The paper’s concluding remarks are an attempt to determine the trading position of ASEAN member states and provide recommendations on how to enhance their international competitiveness.","PeriodicalId":42693,"journal":{"name":"Ekonomski Vjesnik","volume":null,"pages":null},"PeriodicalIF":0.4,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70666874","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}
Purpose: The paper aims to determine the level of financial reporting quality (FRQ) in listed companies in Croatia, as an example of a macro-based accounting system with an underdeveloped capital market, and identify company characteristics that affect it. The paper systematizes the existing key knowledge of FRQ. Furthermore, it critically analyses the principles and direction of influence of various qualitative and quantitative as well as financial and non-financial characteristics of a company. Methodology: The empirical analyses involve joint testing of the machine learning technique (MLT) and the economic hypotheses. M5 algorithm is applied to identify the factors that influence the quality of voluntary reporting as well as the direction and intensity of their influence. Results: The results show that profitability, stock market listing duration (in years), and company size positively affect the level and extent of FRQ through voluntary disclosure of information in the annual financial reports of Croatian listed companies. In addition, differences in FRQ between different areas of economic activity and depending on the type of auditor were found. Conclusion: Croatian companies should adopt good reporting practices to meet the requirements of the global market and thus contribute to the improvement of the overall transparency system. The same is expected from the relevant regulatory authorities who should encourage full disclosure. The paper provides several scientific contributions: first, the spatial dimension of the research; second, the comprehensive literature review; and third, the MLT application in the research on FRQ. An important practical implication of these findings is that they will help financial statement users in the economic decision-making process.
{"title":"The effects of company characteristics on financial reporting quality – the application\u0000of the machine learning technique","authors":"Željana Aljinović Barać, Mario Bilić","doi":"10.51680/EV.34.1.5","DOIUrl":"https://doi.org/10.51680/EV.34.1.5","url":null,"abstract":"Purpose: The paper aims to determine the level of financial reporting quality (FRQ) in listed companies in Croatia, as an example of a macro-based accounting system with an underdeveloped capital market, and identify company characteristics that affect it. The paper systematizes the existing key knowledge of FRQ. Furthermore, it critically analyses the principles and direction of influence of various qualitative and quantitative as well as financial and non-financial characteristics of a company. Methodology: The empirical analyses involve joint testing of the machine learning technique (MLT) and the economic hypotheses. M5 algorithm is applied to identify the factors that influence the quality of voluntary reporting as well as the direction and intensity of their influence. Results: The results show that profitability, stock market listing duration (in years), and company size positively affect the level and extent of FRQ through voluntary disclosure of information in the annual financial reports of Croatian listed companies. In addition, differences in FRQ between different areas of economic activity and depending on the type of auditor were found. Conclusion: Croatian companies should adopt good reporting practices to meet the requirements of the global market and thus contribute to the improvement of the overall transparency system. The same is expected from the relevant regulatory authorities who should encourage full disclosure. The paper provides several scientific contributions: first, the spatial dimension of the research; second, the comprehensive literature review; and third, the MLT application in the research on FRQ. An important practical implication of these findings is that they will help financial statement users in the economic decision-making process.","PeriodicalId":42693,"journal":{"name":"Ekonomski Vjesnik","volume":null,"pages":null},"PeriodicalIF":0.4,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70667121","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}
Vesna Vučemilović, Andreja Katolik Kovačević, Ivona Blažević
Purpose: The purpose of this paper is to point out the perceptions of the student population toward environmentally friendly products and examine if they are willing to pay higher prices for those products. Methodology: The research conducted in the second half of 2020 included the student population, i.e. a sample of 114 respondents. The close-ended questions offered answers ranging from the level of knowledge related to general concepts to the factors related to purchasing decisions. Data were collected through an online survey. The collected data were analyzed by statistical software packages MedCalc Statistical Software version 19.1.7 and SPSS. Results: Respondents are familiar with the concepts of sustainable development, a socially responsible business and green consumers, which they define correctly. There are no major differences between male and female respondents. When choosing a product, respondents of both genders mention product quality as the most important factor. The second most important factor is the price, followed by the brand of the product and the environmental friendliness of the product. The brand of the product and environmental acceptability of the product are somewhat more important to male respondents than to female respondents. Corporate social responsibility of the company that produces a product is described as least important by respondents of both genders when choosing a product. Conclusion: It is evident that the student population changed their attitudes towards environmentally friendly products compared to year 2009, but the trend has not changed since 2015. It is a market segment that takes into account this factor when choosing a product.
目的:本文的目的是指出学生群体对环保产品的看法，并检查他们是否愿意为这些产品支付更高的价格。方法:2020年下半年进行的研究包括学生群体，即114名受访者的样本。封闭式问题提供的答案范围从与一般概念相关的知识水平到与购买决策相关的因素。数据是通过在线调查收集的。收集的数据采用统计软件包MedCalc statistical software version 19.1.7和SPSS进行分析。结果:受访者对可持续发展、对社会负责的企业和绿色消费者的概念熟悉，并正确定义。男性和女性受访者之间没有重大差异。在选择产品时，男女受访者都提到产品质量是最重要的因素。第二个最重要的因素是价格，其次是产品的品牌和产品的环保性。产品的品牌和产品的环境可接受性对男性受访者来说比女性受访者更重要。在选择产品时，男女受访者都认为生产产品的公司的企业社会责任是最不重要的。结论:与2009年相比，学生群体对环保产品的态度发生了明显的变化，但自2015年以来这一趋势没有改变。这是一个细分市场，在选择产品时考虑到这一因素。
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