Search the digital library catalog

Abstract: We investigated the significance of an economic crisis for organizations’ ethical behavior, employees’ unethical behavior, and association. To capture the effect of the “2008’ World economic crisis,” we compared the behaviors of organizations and employees’ unethical behavior during a crisis with their behavior in more favorable circumstances before and after the crisis. We used structural equation modeling to analyze answers collected from 2024 employees in Slovenian organizations between 2006 and 2016. The results showed significant growth of organizational engagement in ethical behavior, despite the crisis in the middle of the observed period. The employees’ unethical behavior was significantly less acceptable in crisis compared to before the crisis, while after the crisis, its acceptability increased again, despite not significant. The aggregate sample revealed a significantly negative influence of employee’s unethical behavior on organizations’ ethical behavior that was not significantly different across the considered periods. The research suggests the need to manage the organization’s ethical behavior in times of economic downturn, like in the present COVID 19. Additionally, managers need to devote more attention to prevent employees’ unethical behavior and its influence on organizations’ ethical behavior.
Keywords: economic crisis, ethical behavior, unethical behavior, organizational behavior
Published in DKUM: 10.10.2024; Views: 0; Downloads: 1
Full text (855,78 KB)
This document has many files! More...

Abstract: We live in a time that according neoliberalism (as an ideology, doctrine, philosophy, theory and metaphor) in global and local boundaries manifests itself as an immoral, inhumane, brutal, chaotic, crisis and hegemonic system (order) of power, governance, violence, exploitation and greed. This is the time when everything is relativized, thanks to neoliberalism, paradoxically and ironically, due to interests and rhetorical absolutism of freedom and market. The reason for writing this manuscript is not just analysis, explanation and critique of neoliberalism and its forms, but also the cause of its evolution towards vulgarized quasi-neoliberal model. The aim of this manuscript is to point out: - neoliberal causes of the permanent and crisis transition, which caused major problems and deformities, and created a new dogma with uncertain lifetime, - inadequate civilizational environment, etatistic tradition and the creation of a quasi-institutional conditions that have enabled the introduction of new elitist (to a certain extent and sense of totalitarian) system under the mask of neoliberalism, - the fact that forcing of quasi-neoliberalism is a privilege of unreasonable and/or highly interest oriented “reformists”, because delaying changes means delaying development, - the difference between rhetoric and practice, ie. between the story of liberal democracy (which promotes the rights of individuals, human and social freedoms and human rights, as opposed to collectivism, totalitarianism and authoritarian policies) and quasi-neoliberal economic policies (global and transitional), that were dominant worldwide and paradoxically violates all liberal principles, and e) the use of state as a screen for expressing expansive nomenclature interests and non-market appropriation of its significant resources. The aim is to point to the existence and functioning of the vicious circle of crisis (global and transitional), created by the following relation: theoretical neoliberalism as an institutional monism – its vulgarization, dogmatisation and subjectivity in practice – through manifestation of freedom of operation and connectivity of supranational and national elites – tycoonisation and the criminalization of the economy and society – reproduction of the crisis. This article is not written to point out the culprits or their recognition, but only the phenomenological and ontological critique of quasi-institutional monism and advocating the institutional pluralism, which I believe is civilizational and development imperative. For the purpose of warning, this manuscript suggests a critical review and consideration of ending (eliminating) the abuse of neoliberal theoretical concepts into practical interest purposes, ending a deadly, sophisticated and dogmatic neoliberal metaphor for numerous national and state troubles and anti-developmental contradictions. I came to the conclusion that neoliberalism is merely a metaphor that conceptually generates a conglomerated complex and contradictory context, which has its own doctrinal, terminological, institutional, developmental, cognitive, strategic, interest, redistributive, ownership, civilizational, geopolitical and ideological meaning and numerous practical quasi-manifestations.
Keywords: neoliberalism, quasi-neoliberal model, crisis, quasi-institutional monism, institutional pluralism, economic theory
Published in DKUM: 08.05.2018; Views: 1228; Downloads: 102
Full text (921,75 KB)
This document has many files! More...

Abstract: The main objective is to present the perceived factors in cognitive schema change as experienced by participants from two Slovenian sectors and to compare them with factors from schema change theory in order to evaluate specific circumstances and obstacles to effective cognitive schema change. 31 interviews with participants from six companies were conducted twice during the 2008 economic crisis. The prevalent perceived antecedents of schema change lie within an organisation and in the business environment. Stimulating factors are also economic and financial crises and personal characteristics. The prevalent obstacles to schema change, as perceived by participants, are stability of current cognitive schemas, personal characteristics of management, and rigidity.
Keywords: cognitive schema, change, factors, obstacles, economic crisis
Published in DKUM: 10.01.2018; Views: 1168; Downloads: 336
Full text (544,86 KB)
This document has many files! More...

Abstract: The Great Recession of 2008 had such a huge impact on the global economy, hence it should be predictable? With a theoretical analysis of Early Warning Systems (EWS) we came to the conclussion that they do in fact work. However, due to complex dimensions of the crisis, there was no particular set of EWS which could actually predict the impact of the crisis. This complexity stems overleveraging and various financial innovations which made the financial markets riskier in unobservable ways. In order to observe the symptoms of a serious crisis we need to look at the economy as a simple machine. Ray Dalios principle about the long and short term debt cycle gave us a different approach. It enables us to spot the symptoms simply by analysisng interest rates, base money creation and federal spending. Rajan (2005) has proved that thesis in his paper, where he showed that the financial instruments became so complex, that they became too risky. Our analysis has brought us to a conclussion that right now interest rates in the US are starting ot rise, the inflation is rising and GDP growth stagnating. With the application of our system we can see that right now we are in the middle of a business cycle. We can predict that a downturn in the capital markets is about to occur. However no system is able to predict the impact of the crisis.
Keywords: financial crisis, debt, leveraging, leverage, economic cycles
Published in DKUM: 03.11.2017; Views: 1368; Downloads: 121
Full text (722,58 KB)

Abstract: This paper examines the economic promotion of a small country in the case of Slovenia, which is facing certain economic and social problems. One reason for this is the current financial and economic crisis, which is continuing to affect the country´s economy. Economic promotion is therefore very important for Slovenia and its economic performance in both the short and long run.
Keywords: economic diplomacy, economic promotion, financial and economic crisis, foreign investment, foreign trade, migration, tourism, Slovenia
Published in DKUM: 08.08.2017; Views: 1285; Downloads: 120
Full text (175,14 KB)
This document has many files! More...