This article investigates the impact of institutional variables on economic activity (GDP) in 19 Central and Eastern Europe (CEE) countries, covering period 1999–2016. We utilise Principal Component Analysis (PCA) to construct a hybrid measure freedom, Random Effect model estimate causalities. The analysis shows that many CEE countries have improved their setting, especially control corruption. regression results indicate corruption democracy positive significant GDP. Also, political...

The paper deals with the efficiency dynamics of Croatian banking industry, covering period from 2006 to 2015. We have implemented intermediation approach, using interest and non-interest expenses revenues as input output variables, respectively. variable return scale (BCC) Data Envelopment Analysis (DEA) output-oriented model has been implemented, we estimated crisis-driven trends, well impact EU membership. further effects relative market power/size, ownership structure, origin capital....

This paper examines the impact of debt in capital structure on agency costs and therefore performance a company. The efficiency companies was estimated using two parametric techniques: Ordinary Least Squares (OLS) methods Stochastic Frontier Analysis (SFA). represents measure (inverse) costs. Agency cause lower level compared to that have minimized these costs, reach frontier, observed context this research, are viewed as those A panel regression model applied order determine direction...

Exchange of the drought and precipitations due to climate changes is preventing higher agrarian output. Although modern technology methods farm production may be answer this question, these raise public concerns about employment environment quality. Because demographic technological lagging, some countries face other problems achieving agronomic sustainability. In paper, importance sustainable agriculture development, legal bases aspects agricultural social responsibility are explored....

The purpose of this paper is to consider role branding agricultural products in better market valorization. benefit especially significant for rural and insufficiently developed environment. problems environments are multidimensional, but revitalization improvement development leads strengthening competitiveness these areas. higher price enables the increase income workers, as well diversification economy creation conditions socioeconomic aspects environments. Creation a more desirable image...

Achieving a sustainable development should be one of the top priorities for whole society. However, achieving is complex function different economic, social, institutional, political and historical factors. By implementing corporate social responsibility, companies contribute to entire system. According fact that it not entirely clear at micro level what responsibility involves, most company-level activities are voluntarily initiated, necessary institutional bodies encourage socially...

Rapid development, innovations and the blend of different technologies have brought about development new IT-communication products. Cloud computing, Internet things, mobile devices, telematics etc. are only some products modern technology that provide swift highly efficient data processing. The possibility free access to cheaper for determination geographical position contribute an unlimited number smartphone applications use in telematics. Simultaneously, IT communication makes a decisive...

With this paper, we aim to examine the relationship between cognitive, social, and demographical factors, as well national culture its with social entrepreneurial activity in Southeast Europe (SEE). The empirical research employs a binary logistic regression model, utilizing data obtained from Global Entrepreneurship Monitor. For purpose of research, selected sample early-stage entrepreneurs who founded their businesses Hungary, Romania, Slovenia, Croatia, or North Macedonia. these five...

Planned obsolescence is a corporate policy of creating products with artificially limited useful lives or deliberately weak designs.The term includes all strategies that increase the rate product replacement by shortening its life before optimal term, both in technical and psychological sense.The negative consequences planned include material damage to consumers violating their rights, but also effects an insatiable production has on environment ecological sustainability through excessive...

Cooperatives represent relevant and significant economic subjects of associations that promote the interests their members work affirmatively to improve position. Since digital economy is developing expansively, new forms technology are changing other interactions every day, cooperatives must keep up with such processes. The authors paper analyze legislative framework for issuing tokens in Republic Serbia, especially from aspect legal subjectivity issuer this form property. purpose research...

Solidarnost i uzajamnost su bili osnova udruživanja različitih skupina lica sa zajedničkim interesom za pokrićem od rizika. U ovom radu se ukratko analizira značenje pojmova „solidarnost” „uzajamnost” kao osnovama socijalnog osiguranja, a zatim nastanak osiguranja današnji ustavni okvir Republike Srbije prava Evropske unije. posebnim delovima istražuje sadržina obim solidarnosti uzajamnosti organizovanih kroz kase uzajamne pomoći zanatlija trgovaca po Uredbi o esnafima iz 1847. godine...

By borrowing on the financial market, local self-government units in Republic of Serbia can finance their own needs. It is up to self-governments decide whether opt for financing through credit or issue municipal bonds. The subject this paper analysis conditions and purpose which cities, municipalities governments countries region issued In regard, basic characteristics analyzed emissions are emphasized, relying normative framework each country individually. points out specifics bonds.. aim...

The status of gender diversity in corporate governance (i.e., women's right to be part bodies) is a very important issue worldwide, including Serbia. paper examines rights from historical perspective address the problem their social under-representation, especially when it comes role outside family. Additionally, we investigate EU and Serbian legal framework for encouraging participation on boards, banking insurance industry. Retrospection, compilation, deduction induction methods were used...

The challenges of sustainable development and corporate social responsibility are critically discussed through the current concept unsustainable economy society, numerous manifestations such development, as well causes consequences this phenomenon. Indicators were analyzed, in particular: problems global poverty, ecology, climate change, energy, disease lack education. Changes direction a new trajectory necessary, i.e. action directed towards paradigm. This requires greater role science,...

Pravne norme grupisane u jednu ili više odredbi za- kona predstavljaju pravila vezi sa određenim ponaša- njem ljudi drugim okolnostima svojstvima za koje se vezuje nastanak pravnih posledica. Stepen važnosti nekog aspekta pravnog odnosa određuje i nivo pravne zaštite koji će pravno-tehnički biti primenjen. Prav- na norma čini sadržinu odredbe propisa, dok je sama odredba (član zakona podzakonskog propisa) oblik kojem grupisana cela pravna jedan njen deo. U ovom radu autor analizira prirodu...

Economic transition is not a one-dimensional process but implies ownership, structural and managementtransformation. We can call the current circumstances of economy Republic Serbia post - transitional, forwhich ownership transformation largely due. The aforementioned basis for formation acorporate sector in which all most important determinants professional management are expressed, since thecapital market represents greatest distance between management. structure corporateownership...

Growth of population and economic activity contribute to the increasing number ecological incidents, which derive from different sources causing multiple types pollution. Legal framework for selling this type insurance was created by introduction mandatory pollution liability adoption terms conditions. In paper, author deals with several legal aspects environmental those losses. Particular focus on notion loss object coverage, insured event period insurance, sum insurer duty. Authors...