Economic and Business Review (EBR)
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The Role of Four Life-Story Aspects in a Collaborative Decision-making Process in the Field of Leadership Development
No full textThe aim of this conceptual paper is to add knowledge to the existing leadership development field. We examine the development of core intra- and interpersonal values, specifically the individual collaborative features, by considering life experiences (Day, Fleenor, Atwater, Sturm, & McKee, 2014), and how these personal collaborative features become integrated when leadership members (members of the leadership process) collaborate (Cullen-Lester, Maupin, & Carter, 2017). We formulate the following four relevant propositions: (1) Individual collaborative features should be integrated with the essential features of the leadership members\u27 collaboration during a decision-making process. (2) A life-story aspect has substantive contents and the information drawn from it will therefore shape the leadership members’ collaborative features and develop their meaning-making system, while participating in a collaborative decision-making process. (3) The subject under discussion, the context, the actors, and the time of occurrence are the four basic criteria of a life story aspect, in which an event is selected to be placed in. (4) A life story aspect provides fertile grounds for unpacking collaborative tendencies in general and thus implies such tendencies, particularly in the work setting. Consequently, the theoretical contributions of this paper entail advancing and integrating the existing literature of the life-story approach and collaborative decision-making in the leadership development field
An Analysis of the Slovenian Tax Administration Response During COVID-19: Between Normative Measures and Economic Reality
No full textTax administration plays a key role in tax collection, striving for maximum public finance revenue, while at the same time protecting the rights of the taxpayers in tax procedures. The search for this balance is particularly relevant in times of crisis, as shown by the COVID-19 pandemic, especially in the first wave between March and June 2020. The article deals with the legal and economic aspects of work of the Financial Administration of the Republic of Slovenia (FARS) based on comparable data on tax measures in other countries, provided by international organizations such as IOTA and OECD, i.e. the EU. The article finds that in Slovenia the measures under consideration were often questionable already at the formal level, which led to a gap in the implementation of ‘intervention laws’ despite the relatively agile response by FARS. Nevertheless, it can be concluded that Slovenia’s public finance measures match the measures taken by other EU Member States. Also worth mentioning in such regard is that some of the measures, for example those regarding e-operation, were identified by both FARS and taxpayers as improvements to be preserved even after the pandemic, considering tax administration as a service for the state and taxpayers
A First Peek at Firms’ Cash Flow Dynamics in the Pandemic Year: A Lesson Learned?
No full textUsing a comprehensive database of financial data and data on public support, we aim at documenting the actual (and not predicted) effects of the Covid-19 pandemic on firms’ liquidity. A drain of the non-financial corporations’ liquidity was unprecedented and highly asymmetric across sectors. A simple descriptive analysis enables us to evaluate (partially) the effectiveness of support measures and to provide insights on how well-targeted support measures were from the sectoral perspective. Acting in concert, the governments and the European Union (EU) institutions concerned seem to succeed in preventing massive illiquidity (for now). Crisis measures were targeted mostly at firms with positive cash flow in the pre-pandemic year and ensured additional 3.4 percent of firms from the analysed sectors to sustain positive cash flow and 0.6 percent of firms to recover. Strikingly, the share of inactive firms decreased in 2020 compared to 2019, which might indicate that measures supported de facto dead companies. Considering the proportion of firms, the most vulnerable sector benefited most, but not when we think about a reduction in cash flow compensated for with direct grants. The approach “whatever is necessary” in a form of “flat” public support might thus lead to not optimally targeted beneficiaries
Logistics Outsourcing in Large Manufacturing Companies: The Case of Slovenia and Lessons from Other Countries
No full textLogistics outsourcing is a mode of operation for companies in global supply chains that have been increasingly devoting more attention to their core activities. This study examines the state-of-the-art in logistics outsourcing in the Slovenian manufacturing industry. Additionally, the authors benchmark the findings against a similar study from 2013. Finally, this study provides a discussion of logistics-outsourcing specifics in some countries with the use of secondary data. We identify transportation as a top-ranked logistics activity, and a general propensity for higher-level logistics outsourcing (e.g. 4PL). The authors contribute to the supply-chain management society by identifying the drivers of, barriers to, and activities in logistics outsourcing
The Economic Feasibility of Port Air Emissions Reduction Measures: The Case Study of the Port of Koper
No full textThe importance of ports for economies worldwide is undeniable, but at the same time ports cause negative externalities. This is particularly problematic when ports are located close to urban areas. Port management must therefore try to mitigate these effects and at the same time ensure the economic prosperity of ports. This development concept is known as green growth. In order to promote green growth, and in particular to achieve a reduction in air emissions, ports can apply equipment, energy or operational measures. The authors present the economic feasibility of different air emissions reduction measures on the case of port of Koper
An Investigation of Factors Determining the Token Value in the Blockchain-based Early Funding Mechanism
No full textThe research employs WLS Regression for examining the main determinants of the ICO profitability in the crowdfunding stage. The variables are divided into three main categories: financial and technological aspects, and the ICO characteristics, with the aim of verifying which parts most influence the funds raised. The results imply that financial and technological aspects might indeed have an impact on the ICO profitability. The key factors covered are the opensource code availability and the preset hard cap. Overall, the econometric analysis discloses that the amount raised during the ICO is not affected by the availability of a white paper and pre-sales, even though some researchers argue differently
Young People’s Self-Meaning Making Through Entrepreneurship in Poland, Slovenia and the UK: Implications for Human Resource Management in SMEs
No full textThe objective of the paper is to explore young people’s motives for pursuing entrepreneurial opportunities instead of a professional career in the public sector or a corporation. As young people increasingly consider alternatives to a traditional career, it is useful to understand what lies behind their entrepreneurial career choice in order to advise small and medium-sized enterprises (SMEs) how to attract a young workforce. A qualitative study consisting of 16 in-depth, semi-structured interviews with young entrepreneurs in Poland, Slovenia and the United Kingdom (UK) identifies a variety of internal and external factors influencing the entrepreneurs’ career decisions that were found to be largely homogenous across different countries and contexts. These influences operate at micro, mezzo and macro levels. The findings are explained through Kegan’s theory of self-meaning making as well as the SME context and particularities, providing an understanding of what attracts and deters young people facing career choices
An Empirical Analysis of the Effects of Student Work and Academic Performance on the Probability of Employment
No full textThe theoretical relationship between student work and post-college probability of employment is ambiguous, due to the opposing direct and indirect effects on human capital accumulation. Student work may on one hand lower academic performance and thus harm the likelihood of getting a job, while on the other hand enabling students to acquire skills that increase their labour market odds. In this paper, we provide an answer to the question, whether the policy should encourage or limit student work, by using rich data which allow us to compare the effects of the two investments in human capital on the likelihood of employment. We use personal characteristics, socio-economic background, and academic performance in the propensity score matching to calculate the differences in the probability of employment for different amounts of student work. We find that only work experiences up to two years have a beneficial effect on employment prospects, while much larger effects are observed for improvements in educational attainment, like graduation and improvement in GPA. In the end, our results provide support for setting limits to the extent of student work during college, but certainly not for its prohibition
Long-term Effects of In Utero Exposure to “The Year without a Summer”
No full textThis paper uses the aftermath of the great Tambora eruption in 1815 as a natural experiment to explore the long-term effects of a nutritional shock during prenatal development. The volcanic explosion of Tambora formed substantial ash columns which hampered sunlight, cooled down the surface temperature, reduced the length of the growing season, and led to a severe harvest failure during summer and winter of 1816 in Europe and northeastern states of America. US decennial census 1850 provides evidence that cohorts in utero during the climate anomaly revealed lower literacy rates, lower labor force participation rates, a fewer number of own children, and a higher female-male ratio. The results are confirmed among the same cohorts in England, Canada, and Norway. The decennial census of each country indicates negative effects of exposure during prenatal development on labor market participation rates in adulthood
Concentrated Ownership and Firm’s Performance: A Bibliometric Analysis of the Literature
No full textThe article aims to describe the historical sequence, interrelatedness, and development of dominant and emerging research areas within the concentrated ownership literature. Moreover, it aims to determine the most influential articles, authors, journals, and countries in the field by applying a bibliometric analysis. The latter reveals that the future research concerning concentrated ownership should be more country-based and use consistent and more extended data sets. It should also apply different theoretical frameworks, profound institutional analysis, and look for cross-fertilization of ideas, which could be spread worldwide