Economic and Business Review (EBR)
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Zapis razprav na konferenci Fiskalna politika v luči okrevanja slovenskega gospodarstva , ki je bila v sredo, 28. 9. 2011
No full textEntry discussions at the conference Fiscal policy in the light of the recovery of the Slovenian economy , held on Wednesday, 28 September 2011
Predlogi za davčno reformo 2014
No full textTax revenues can be increased only by stimulative and well planned fiscal policy, widening of tax basis and increasing the number of taxpayers. Considering the facts that good geostrategic location, skills and competence are present, Slovenia has a high potential to become atractive residing country of many taxpayers, if it offers supportive and simple tax jurisdiction
Predgovor
No full textOn September 28, 2011, the Fiscal Council of the Government of the Republic of Slovenia and the Slovenian Economists\u27 Association held a conference entitled Fiscal Policy in the Light of the Slovenian Economic Recovery. A wide range of experts and professionals in the field of public finance, both professional and private, were invited to participate. The written papers prepared for this conference, as well as a transcript of the participants\u27 discussions, are published in this special issue of the Economic and Business Review.
The published papers and discussions offer valuable insights and suggestions from experts that can be used to develop an appropriate, credible and authoritative approach to address the most pressing and challenging public finance issues
Strategic planning effectiveness comparative analysis of the Macedonian context
No full textStrategic planning practice and effectiveness has been the subject of much academic debate in the Western context, but little empirical research and comparative analysis exists on this subject in emerging and developing countries. The aim of this study is to investigate the relationship between strategic planning and the organizational effectiveness with the examination of a wider list of strategic planning dimensions and different approaches and measures to assess the strategic planning effectiveness in the case of the Republic of Macedonia, as well as to conduct comparative analysis of the strategic planning effectiveness in different emerging and developing countries. Two regression models were performed as well as factor analysis was performed for all stated items for each of the investigated variables. The empirical analysis conducted in Macedonian companies shows that strategic planning can generally contribute to organizational effectiveness. The comparative analysis conducted in this study refers to useful knowledge conclusions for the specifics of strategic planning effectiveness in the emerging and developing countries and indicates the probable reasons for potential differences in strategic planning effectiveness in different countries
Culture of informing: a case of consulting company
No full textThis study examines culture of informing (infoculture, for short) by investigating a case of a consulting company. The company’s infoculture is described in conjunction with its organizational culture by using a new interpretive method. The study advances theorizing on infoculture and research methodology
O državnem proračunu in fiskalnih pravilih
No full textAn appropriate fiscal framework is of essential significance in a successful public finance consolidation process. Special attention has to be devoted to the determination of public finance objective which incorporates besides the target public finance balance level also the target debt level. In doing this, all relevant factors, such as implicit obligations, budget constraints and Slovenian economic characteristics need to be taken into account. Once the public finance objective is determined, the key task is the achievement of convergence towards this objective. For this purpose, the expenditure reaction rule is constructed which enables the setting of public expenditure ceiling. In conjunction with conservatively planned revenues, the public expenditure ceiling is a key component of medium term public finance framework
A perspective on scale development in entrepreneurship research
No full textTo develop a measurement scale that would lead to valid and reliable results is a tasking goal in any research field. We build from theoretical findings that are advanced in the measurement and scale development theory to review the type of measures used and scale development procedures of measures reported in top-tier entrepreneurship journals during the years 2009 and 2010. The in-depth review showed that not all steps in scale development in entrepreneurship research are always accomplished although every step is crucial when aiming for a sound measure. Additionally, the study showed that all too often measures, that have not been validated, are being used. Thus, this review serves as a reference for researchers to apply methodologically rigorous procedures for scale development in entrepreneurship research and to use previously validated scales. With this in mind, we propose hands on guidelines for scale development in entrepreneurship research in the Appendix of the paper
Estimating probability of default and comparing it to credit rating classification by banks
No full textCredit risk is the main risk in the banking sector and is as such one of key issues for financial stability. We estimate various PD models and use them in the application to credit rating classification. Models include firm specific characteristics and macroeconomic or time effects. By linking estimated firms’ PDs with all their relations to banks we find that estimated PDs and credit ratings exhibit quite different measures of firms’ creditworthiness. Results also suggest that in the crisis banks kept riskier borrowers in higher credit grades. This could be due to additional borrower-related information that banks take into consideration in assessing borrowers’ riskiness, to the lags in reclassification process or a possible underestimation of systemic risk factors by banks
Contextual variables of open innovation paradigm in the business environment of Slovenian companies
No full textThis article addresses the current condition of Slovenian business environment and its support to open innovation. By carrying out qualitative empirical research, we investigate to what extent determinants from internal, narrower and broader external business environment influence open innovation in Slovenian companies. Several support mechanisms were established to create friendlier environment for open innovation. Our study indicates that if Slovenia wants to be successful on the long run, supportive environment cannot and should not be based solely on government financial support, but must also contain other elements that affect technological development, meaning: 1) organizational culture, values, reward system; 2) legislation; 3) tax and social contributions; 4) bureaucratic barriers; 5) human resources; and 6) favorable bank loans, bank guarantees, venture capital, etc. The paper concludes with implications for managers and policy makers, outlining several promising areas for future research
Social capital and business incubators performance: testing the structural model
No full textSocial capital is considered as an important factor of innovativeness, organizational advantage and value creation. Although social capital has been widely studied in general, there is a lack of research investigating the role of social capital in relation to business incubators. Additionally, the literature still misses an alternative intangible view of incubators’ performance viewed from the perspective of the incubatees. Thus, this study contributes an insight into the social capital and networking exploitation of firms in incubators and evaluates the performance of incubators from the perspective of their incubatees. In specific, we investigate how do social network size, role models, individual experiences, and establishment of a firm as a result of incubator activities influence on proactive exploitation of social networks within incubators. The paper also shows how proactive exploitation of social networks influences on satisfaction with the incubator, and how satisfaction in turn influences on commitment to the incubator and trust in incubator. Data for testing the structural equation model were collected with a structured questionnaire. For the analysis, 125 usable responses were obtained from small firms from Slovenian incubators