Economic and Business Review (EBR)
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The impact of knowledge management on organisational performance
No full textKnowledge management is a process that transforms individual knowledge into organisational knowledge. The aim of this paper is to show that through creating, accumulating, organising and utilising knowledge, organisations can enhance organisational performance. The impact of knowledge management practices on performance was empirically tested through structural equation modelling. The sample included 329 companies both in Slovenia and Croatia with more than 50 employees. The results show that knowledge management constructs (i.e. information technology, organisation and knowledge) positively affect organisational performance
Productivity measurement for international firms
No full textThis paper extends recent work by Martin (2005) on estimation of total factor productivity by allowing heterogeneity of markets in terms of competitive pressure. We show that conventional methods of total factor productivity estimation yield biased measures of TFP when firms charge market-specific prices. Specifically, if, as widely believed, exporting price-cost markups are, on average, lower than domestic markups, then traditional total factor productivity measures will substantially underestimate exporter productivity and overestimate the productivity of non-exporters. Crucially, our results provide some possible clues on why empirical studies failed to find conclusive evidence on the learning-by-exporting hypothesis
Analiza vpliva človeškega kapitala in podjetniških mrež na ambicije podjetnic za rast
No full textThe entrepreneur, male or female, is central to entrepreneurship. However, since the latter are less represented, in this article I use a literature review and empirical research to examine how human capital and entrepreneurial networks affect the growth ambitions of women entrepreneurs and thus the forces that determine their behaviour in achieving their goals. Understanding the factors that increase (or inhibit) women entrepreneurs\u27 growth ambitions will facilitate comparison with male counterparts, which may contribute to better and faster removal of obstacles that women entrepreneurs encounter both on their entrepreneurial path and later in running businesses, or to an increase in the factors that positively affect their growth ambitions. The article consists of a review of the domestic and foreign literature, whereby I have paid more attention to the scientific contributions dealing with entrepreneurs and entrepreneurial processes as well as human capital and entrepreneurial networks, followed by the development of hypotheses, the description of the research method and data, the presentation of the questionnaire, the data analysis and the results
Adoption of projected mortality table for the Slovenian market using the Poisson log-bilinear model to test the minimum standard for valuing life annuities
No full textFor the best estimate of life annuity provisions, the longevity risk of the insured population must be estimated. In this article, we present an application of the Poisson logbilinear model to construct life annuity tables for the Slovenian market. As data on the selection effect of annuity owners are not available for the Slovenian market, we have used selection statistics from UK data. We then compare those tables with the German annuity tables DAV 1994 R, which are the current minimum standard for valuing annuity-related liabilities in Slovenia. It is shown that current minimum standard underestimate longevity risk of the insured population in Slovenia by 2–4%
Differences in export behavior of services and manufacturing firms in Slovenia
No full textWe provide new comprehensive evidence on similarities and differences in export Behavior of Slovenian manufacturing and services firms by using detailed firm-level panel data for Slovenia. Main findings show that export Behavior in these two types of firms is similar and in line with the big picture that is by now familiar from the literature. Slovenian exporting services firms are more productive than non-exporting firms when observed and unobserved heterogeneity are controlled for. Export premia of services firms is even larger than for exporting manufacturing firms. Similarly, pre-entry premia over non-exporters is even larger than for manufacturing firms. We find some evidence of significant learning-by-exporting effects for services firms, but only when using the Levinsohn and Petrin measure of total factor productivity
Prednosti in slabosti Slovenije kot lokacije za tuje neposredne investicije
No full textBased on the standard classification of competitive advantages of countries as locations for foreign direct investment (FDI), the article analyses the advantages and disadvantages of Slovenia as a location for FDI. Based on a survey of companies with foreign capital in Slovenia, we first analyse the motives and obstacles of foreign investors in Slovenia. We then compare Slovenia as a location for FDI with selected countries by analysing complex global competitiveness rankings
Revisiting the relationship between exchange rates and output within SVAR Blanchard-Quah framework: empirical evidence from Turkey, Germany and Russia
No full textIt seems important to determine the effects of exchange rate fluctuations on economic performance. In this study, we attempt to shed some light the relationship between industrial production difference and exchange rates using two Structural Vector Autoregression (SVAR) Blanchard-Quah models for the cases of Turkey and Germany and Turkey and Russia. Results from the impulse response functions (IRFs) and forecast error variance decompositions (FEVDs) of the two SVAR models emphasized that effects of nominal exchange rate on industrial production difference and real exchange rate are temporary. Nevertheless, macroeconomic policies of Turkey, Germany and Russia influencing nominal exchange rates should be examined seriously for explaining the variations in industrial production difference and exchange rates
Supply chain process collaboration and Internet utilization: an international perspective of business to business relationships
No full textThis paper compiles the findings of an international study which primary objective was to investigate the relationships between Internet utilization in business-to-business relationships, collaborative efforts and their impact over supplier and customer-oriented processes performance. It highlights the Internet as an important enhancer of collaboration in supply chains and addresses the effects of such efforts on companies’ overall performance. As a conclusive-descriptive and quantitative study, data from a survey of 788 companies from the USA, China, Canada, United Kingdom, and Brazil were analyzed with the use of descriptive statistics, reliability evaluation of the research model’s internal scales, path analysis and structural equation modeling to evaluate supply chain processes collaboration, both up- and down-stream. Internet utilization in supplier and customer-oriented processes was found positively related to collaborative practices in business-to-business relationships. Collaborative practices in supplier and customer-oriented processes, in turn, showed potential effects on performance. Also, supplier-oriented processes performance was found positively associated with customer-oriented process performance. Both internet use and collaborative practices are even more important in a high-context country like Brazil. The paper helps clarify the impact of internet use on business-to-business collaborative relationships. In this sense, practitioners can take this impact to redraw the organizational landscape and business processes amongst supply chain participants
Financial integration and financial development in transition economies: What happens during financial crises?
No full textThis paper provides an empirical analysis of the role of financial development and financial integration in the growth dynamics of transition countries. We focus on the role of financial integration in determining the impact of financial development on growth, distinguishing “normal times” from periods of financial crises. In addition to confirming the significant positive effect on growth exerted by financial development and financial integration, our estimates show that a higher degree of financial openness tends to reduce the contractionary effect of financial crises, by cushioning the effect on the domestic supply of credit. Consequently, the high reliance on international capital flows by transition countries does not necessarily increase their financial fragility. This implies that financial protectionism is a self-defeating policy, at least for transition countries