Diagonal cumulation of origin as the EU's institutional incentive mechanism for promoting international trade and businessMilan Jurše
, Klavdij Logožar
, Romana Korez-Vide
, 2010, izvirni znanstveni članek
Opis: In this paper we explore the effects of a diagonal cumulation of origin as the EU's Common Commercial Policy (CCP) incentive mechanism that affects the intraregional trade and transaction cost structure of firms engaged in cross-border business operation. The research explores how firms should frame their cross-border physical flows of goods and the configuration of their value-adding processes for taking advantage of diagonal cumulation of origin. The empirical analysis is based on an in-depth case study of effects of the 'SAP+ diagonal cumulation of origin' on changes in the transaction cost structure of a selected Slovenian firm operating within the household-appliance sector in one of the Western Balkan Countries. Based on eligibility of local subsidiary for using origin of goods in its import/exporttransactions the cost calculations were made for its products and then three different business scenarios were developed for showing the effects of the mechanism on transaction cost changes of a firm. The paper concludes that, at the conceptual level, the mechanism of diagonal cumulation of origin may serve as an effective institutional cross-border trade-promoting tool.
Ključne besede: international business, institutional incentive mechanism, diagonal cumulation of origin, European Union, EU, transaction costs, Western Balkan Countries
Objavljeno: 17.07.2017; Ogledov: 118; Prenosov: 7
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Dependence between Croatian and European stock marketsSilvo Dajčman
, 2013, izvirni znanstveni članek
Opis: The objective of this paper is to analyze dependence structure between the returns of Croatian and five European stock markets (Austrian, French, German, Italian, and the U.K.ʼs). We propose a copula GARCH approach, where the return series are modeled as univariate GARCH processes and the dependence structure between the return series is defined by a copula function. Four different copulas are fitted - a constant and conditional normal and symmetric Joe-Clayton (SJC) copulas - and estimated by a semi-parametric method. We found that the time-varying normal copula yields the best fit for CROBEX-CAC40, CROBEX-DAX, and CROBEX-FTSE-MIB stock indices pairs, while the time-varying SJC copula is the best fit for CROBEX-ATX and CROBEX-FTSE100. Further, we found that the probability of simultaneous extreme positive and negative returns in Croatian and other European stock markets can increase to 0.77 during turbulent times. The lower and upper tail dependence dynamics between Croatian and other European stock markets is similar in pattern, differing only in scale. The basic conclusion of the research is that the dependence between the stock markets of Croatia and five major European stock markets is dynamic and can be properly captured by either a dynamic normal or symmetrized Joe-Clayton copula GARCH models.
Ključne besede: stock market, stock companies, econometric models, Croatia, EU, dependence, copula GARCH
Objavljeno: 17.07.2017; Ogledov: 109; Prenosov: 6
Celotno besedilo (1,58 MB)
Budgetary cash flows in the EU and their impact on national budget liquidityTanja Markovič-Hribernik
, Monika Kirbiš
, 2005, pregledni znanstveni članek
Opis: On May 1, 2004 ten new states joined the EU. At the same time, budgetary cash flow mechanisms between the EU budget (as the central subject) and national budgets were established. Despite the fact that all the rules are clear and known in advance - stipulated by the EU directives and regulations - there are some uncertainties, which may have an important effect on the liquidity as well as on the budgetary cash flows in new member states. The greatest problem for the liquidity of new member states' budgets is posed by the time lags between inflows and outflows of EU funds. These lags are mainly because of delayed payments from the EU budget and problems with some member state's absorption capacity. This article deals with the dynamics and the scale of budgetary cash flows between the Slovenian budget and the EU budget until 2006. A couple of likely scenarios are presented, which could happen in case of delayed payments of European funds. Consequently, both an unexpected state budget liquidity deficit and an additional burden arising from interest on delayed payments to the Brussels are possible for Slovenia.
Ključne besede: EU budget, Slovenian budget, budget liquidity, budgetary cash flows, European funds
Objavljeno: 17.07.2017; Ogledov: 108; Prenosov: 2
Celotno besedilo (798,53 KB)
The importance of human resource management for the success of the companySonja Treven
, 2000, kratki znanstveni prispevek
Opis: The paper first briefly presents the environment and challenges the companies will encounter in the forthcoming decade. Further, the author investigates challenges which will impact the implementation of human resource management. As there exists a two-way link between the companies and the environment, this contribution also illustrates the link into the other direction, and shows how the competitive advantage for the individual company can be gained by effective human resource management.
Ključne besede: management, human potential, performance, enterprise, competitiveness
Objavljeno: 17.07.2017; Ogledov: 135; Prenosov: 12
Celotno besedilo (389,53 KB)
Tax compliance and social security contributionsTomaž Lešnik
, Davorin Kračun
, Timotej Jagrič
, 2014, izvirni znanstveni članek
Opis: In this paper, we will examine the causes behind the higher level of compliance with social security contributions in comparison with other tax categories in the case of Slovenia. The results of econometric models suggest that the activities of the Tax Administration of the Republic of Slovenia, which were more stringently performed in the area of social security contributions in the most recent period, are an important - but not the only factor - behind the higher level of compliance in connection with social security contributions. At the same time, the decrease in tax compliance with other taxes (income tax, corporate income tax, and VAT) did not essentially influence the higher level of compliance with social security contributions. The more consistent treatment of unpaid social security contributions as a criminal offence and the higher public awareness about the importance of paying social security contributions in the latest period are recognized as important factors which simultaneously constitute the main difference between social security contributions and other taxes. The higher level of public awareness about the benefits that result from public services financed with taxes is recognized as a possible way to more optimally collect taxes in Slovenia.
Ključne besede: social security contributions, activities of the Tax Administration of the Republic of Slovenia, tax compliance, punishment, public awareness
Objavljeno: 14.07.2017; Ogledov: 193; Prenosov: 4
Celotno besedilo (387,66 KB)
Local self-government financing and costs of municipality in SloveniaŽan Oplotnik
, Boštjan Brezovnik
, Borut Vojinović
, 2012, izvirni znanstveni članek
Opis: This research paper focuses on the compliance of the actual system of financing local self-government in Slovenia with the basic principles of the theory of decentralization and guidelines of the European charter of local self-government. It addresses the level of costs coverage within the municipal competence by using the allocated appropriate expenditure resources calculated according to the Law of financing municipality Act. The purpose of the paper is, therefore, to look for an answer to the question whether and to what extent the obtained funds correspond to the actual workload that municipalities have for performing statutory tasks and for exercising their competences. Analysis shows that, on an aggregate level, these actual systems ensure enough resources for local governments to cover their actual costs and current expenditures; some groups of municipalities, e. g. larger urban municipalities, municipalities with large proportions of elderly people etc. are faced with lack of funding, according to the actual costs data available, while other groups of municipalities receive more funds than they need.
Ključne besede: public finance, fiscal decentralization, local self-government, municipalities finance
Objavljeno: 14.07.2017; Ogledov: 171; Prenosov: 26
Celotno besedilo (524,39 KB)
Key economic parameters for an optimal pharmacy network in a regulated environmentFranjo Mlinarič
, Žan Oplotnik
, Boštjan Brezovnik
, 2016, izvirni znanstveni članek
Opis: Pharmacies are an integral part of the modern healthcare system which strives for a holistic and efficient care. General practitioners and pharmacists are held in high esteem among local communities as they are the first point of contact when people have health issues. However, a strong demand for health services in developed countries and its present financing schemes undermined the sustainability of the whole health system (8.9% of GDP in 2013 and growing). According to WHO and EU recommendations, the whole healthcare system shall accept a holistic approach and focus on education, prevention and proper medicine consume. Part of this strategy is a seamless care concept, where medical doctors and pharmacists build a team around the well-being of a patient. Financing scheme incentives and KPIʼs (key performance indicators) will be focused on keeping people healthy, instead of paying for procedures. The future healthcare ecosystem obliges pharmacists to optimize network coverage and to extend health services. Nevertheless, their growth strategy needs to be gradual, considering the present level of network coverage, the low pace of private and public expenditures for medicine and services, and the fact that a new financing model for pharmacies is still unknown. Thus, we expect the development of pharmacy network in regulated environment to be financed predominantly from retained earnings in publicly owned pharmacies and by awarding pharmacy concessions.
Ključne besede: financial health, financing pharmacy growth, pharmacy network coverage, healthcare outcomes
Objavljeno: 14.07.2017; Ogledov: 154; Prenosov: 13
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Ethics in public administrationZlatko Nedelko
, Vojko Potočan
, 2013, izvirni znanstveni članek
Opis: The main purpose of this paper is to examine how employeesʼ personal ethics, expressed through their personal values and attitudes toward social and environmental issues, are associated with the ethics of organizations in public administration. The authors introduce their own theoretical model that examines the relations between employeesʼ personal ethics - expressed through employeesʼ personal values and attitudes toward natural and social environments - and the ethics of public administration. The reported study examined these relations and tested a proposed model based on the answers of 212 employees from public administration organizations in Slovenia. Employeesʼ attitudes toward natural and social environments and the ethics of their organizations were measured using a questionnaire designed to measure aspects of ethics whereas personal values were measured using the Schwartz value survey. The results demonstrated that employeesʼ self-enhancing values significantly influence their attitudes toward the natural environment. Employeesʼ self-transcendence and self-enhancement values significantly influence their attitudes toward the social environment and the ethics of organizations. In addition, research results about the mediation effect of employeesʼ attitudes toward natural and social environments on the association between the employeesʼ personal values and their perception of the ethics of public administration organizations reveals that employeesʼ social attitudes have a significant impact on the ethics of public administration while the impact of self-transcending and self-enhancing values becomes insignificant. Based on results of testing our model we can conclude that the employeeʼs attitudes toward to the social environment represent a significantly more powerful predictor of ethics in public administration organizations than the employeesʼ personal values. These results present a solid basis for further theoretical and practical advancement of public administration ethics.
Ključne besede: attitudes, ethics, natural environment, public administration, Slovenia, social environment, values
Objavljeno: 14.07.2017; Ogledov: 158; Prenosov: 12
Celotno besedilo (396,63 KB)
Corporate governance quality in selected transition countriesDanila Djokić
, Mojca Duh
, izvirni znanstveni članek
Opis: Important questions that concern the notion of good corporate governance focus on what good corporate governance is, who benefits from good corporate governance, and how corporate governance quality can be measured. The aim of our study was to broaden our understanding of the role of standards and codes of good corporate governance in improving governance practices. We found that not only formal regulations, standards, and governance codes, but also corporate governance indices - which make the assessment of companies’ governance practices possible - are important in measuring and improving governance quality. The results of the research based on the SEECGAN Index methodology indicated that mandatory requirements and voluntary recommendations of high governance standards had a positive impact on the corporate governance practice in Slovenia.
Ključne besede: corporate governance, index, quality, transition country, companies, management, corporate culture, Slovenia
Objavljeno: 13.07.2017; Ogledov: 103; Prenosov: 16
Celotno besedilo (141,72 KB)