Iskanje po katalogu digitalne knjižnice

Opis: The aims of this dissertation are to analyse the interdependence between C-B M&As and the quality of the institutional setting and observe the economic effects of that nexus at the macroeconomic level in 22 European transition countries between 2000-2014. Our underlying hypothesis is that the progress and durability of institutional reforms are factors that have a crucial influence on the economic performance of C-B M&As in transition countries. The dynamic relationship between the economic effects of C-B M&As and institutional quality is investigated by using the system Generalized Method of Moments estimator. Since the potential benefits of foreign direct investment are determined by the institutional setup, we used different governance indicators in our calculations, both individually and in terms of their interaction with C-B M&As. With the help of our empirical analysis, we established which aspects of institutional setting have contributed most to causing the economic effects of C-B M&As, using their interaction terms with this type of FDI, so we could focus most attention on these areas. Our results indicate that C-B M&As have a negative effect on GDP per capita in the initial period. This negative impact in the year of merger and acquisition could be explained by the rise in unemployment and the crowding-out of less efficient domestic companies which are not able to withstand the competitive pressure in the domestic market. The influence of one-year lagged C-B M&As is positive and significant, suggesting that this form of FDI might have a delayed effect. However, this type of FDI does not have a positive economic impact on host transition countries in the long-run because it might be motivated by rent-seeking interests. We show that the overall quality of the institutional setting (measured with the help of the EBRD indices of structural reforms and World Bank’s Governance Indicators) is important for GDP per capita in the short and long term. On the other hand, its interaction terms with C-B M&As are negative but not significant in current period. All governance dimensions stimulate GDP per capita of host transition countries. Our findings indicate that the higher level of C-B M&As with a negative impact offsets the positive effect of the control of corruption and the rule of law on economic growth both in short and long run. Voice and accountability were found to be important for explaining an FDI’s influence on GDP per capita. In terms of the influence on domestic investment, we have found that contemporaneous M&As have a crowding-out effect, while the influence of their lagged level has a crowding-in effect. Their long term impact is also negative and significant (when controlling for overall institutional quality index and separate governance indicators), suggesting that foreign investors reduce the competition on the domestic market over time. We show that foreign investors may be motivated by rent-seeking interests based on the fact that the interdependence of C-B M&As and the overall quality of the institutional setting had a negative effect on domestic investment. We have not found evidence to support our hypothesis that overall institutional reform (as well as the speed of implementation) and its interaction with C-B M&As encourages domestic investment in European transition countries. We have found that political stability has a positive effect on domestic investment and is the only significant variable of all the institutional factors. This means this governance indicator is a crucial determinant of domestic investment in transition countries. The only significant interaction terms with a negative effect on domestic investment, are between C-B M&As and the Rule of Law and overall institutional quality. Political Stability (positive coefficient) and the interaction terms between C-B M&As and Rule of Law and overall institutional quality (both negative coefficients) have a significant impact on domestic i
Ključne besede: the quality of the institutional setting, C-B M&As, transition countries, economic effects, governance
Objavljeno v DKUM: 28.06.2018; Ogledov: 1992; Prenosov: 139
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Opis: Compared with traditional forms of education and training, e-learning is gaining increasing importance not only within the academic setting of formal education, but also in the corporate environment. Concerning the latter, it is evident that with increasing pressure on cost efficiency and competitiveness, in addition to the current harsh financial and economic conditions, companies are being challenged and this tends to change their behaviour patterns. In this article, the results of a survey are presented. The survey focused on the current status and possible future trends of corporate e-learning methods in Slovenia, which is among the so-called transition countries. This survey brings more than one aspect of this issue to light. The findings show increasing rates of acceptance of the e-learning education model by the local corporate environment. Nevertheless, significant gaps are evident when compared with the most advanced European and worldwide economies in terms of the widespread use of comprehensive e-learning models and the latest e-learning technologies, such as LMS systems. Furthermore, the survey reveals that e-learning is perceived by companies as cost efficient and flexible, but on the other hand it is not yet perceived to contribute to a higher quality level of staff training when compared with traditional methods.
Ključne besede: staff training, e-learning, corporate environment, transition countries
Objavljeno v DKUM: 05.04.2017; Ogledov: 1228; Prenosov: 189
Celotno besedilo (249,35 KB)
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Opis: During the EU accession process, an intensive process of economic restructuring was taking place in Slovenia that was intended to secure Slovenia's incorporation into the common European market. At the time of adapting the legal and economic order to European standards, everyone was aware of the fact that successful EU spatial integration depends on the achieved economic power that is comparable to the average EU-27 economic growth. Slovenia's economic structure, determined by the GDP structure, is slowly approaching the structure of developed economies with the importance of agriculture and manufacture decreasing, and the importance of services increasing. However, financial and busines services, and technologically demanding sectors are growing too slowly. Structural changes of the Slovene economy have an affect on transformation of geographical space and create a new social-economic gravitational region. Functional and structural economic changes that resulted from social and political changes following Slovenia's newly-gained independence and its transition to market economy have changed the role of Slovenia in the common European economic market. Slovenia is to be found on a key development crossing, moving from an industrial to post industrial society. Slovenia's basic development goal is to exceed the average economic development of the enlarged EU by 2015 to be able to secure and improve social security, faster development in all its regions, and improve the environment. In other words strive for a better quality of life and overall human development.
Ključne besede: geography, economic geography, unified European market, Lisbon strategy, structural indicators, transition countries, Europe, competitiveness
Objavljeno v DKUM: 21.12.2015; Ogledov: 1435; Prenosov: 105
Celotno besedilo (479,13 KB)
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