Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more.
18TH INTERNATIONAL SYMPOSIUM ON CORPORATE GOVERNANCE - STRENGTHENING ECONOMIC RESILIENCE IN THE CONDITIONS OF DISINTEGRATED MARKETS AND GLOBAL CRISIS Cover Image
  • Offer for Individuals Only 150.00 €

18. MEĐUNARODNI SIMPOZIJUM O KORPORATIVNOM UPRAVLJANJU - JAČANJE EKONOMSKE OTPORNOSTI U USLOVIMA DEZINTEGRISANIH TRŽIŠTA I GLOBALNE KRIZE
18TH INTERNATIONAL SYMPOSIUM ON CORPORATE GOVERNANCE - STRENGTHENING ECONOMIC RESILIENCE IN THE CONDITIONS OF DISINTEGRATED MARKETS AND GLOBAL CRISIS

Contributor(s): Milan Pucarević (Editor), Milenko Krajišnik (Editor)
Subject(s): Business Economy / Management, Energy and Environmental Studies, Labor relations, Economic policy, Policy, planning, forecast and speculation, Economic development, Public Finances, Accounting - Business Administration, ICT Information and Communications Technologies, Socio-Economic Research
Published by: Finrar d.o.o Banja Luka
Keywords: Economy; Development; Republika Sprska; Global Economy; AI; ICT; Technology; Usage; Impact; Sustainable Development; Financial Markets; Accounting; Management; Audit;
Summary/Abstract: 18th International Symposium on Corporate Governance - Strengthening Economic Resilience in the Conditions of Disintegrated Markets and Global Crisis

  • E-ISBN-13: 978-99955-83-36-1
  • Print-ISBN-13: 978-99955-83-36-1
  • Page Count: 336
  • Publication Year: 2024
  • Language: Serbian
PROMJENA VLASNIČKE STRUKTURE U TRANZICIJSKOJ ZEMLJI

PROMJENA VLASNIČKE STRUKTURE U TRANZICIJSKOJ ZEMLJI
(CHANGE OF OWNERSHIP STRUCTURE IN A TRANSITION COUNTRY)

  • Author(s):Janez Prašnikar, Bole Velimir, Matjaž Koman
  • Language:Serbian
  • Subject(s):Politics, Business Economy / Management, Economic policy, Transformation Period (1990 - 2010), Present Times (2010 - today)
  • Page Range:7-20
  • No. of Pages:14
  • Keywords:Countries in transition; ownership transformation; bankruptcies; government policies;
  • Summary/Abstract:Economists rarely have the opportunity to assess social change over a long period of time with companies business data. Monitoring ownership transformation in a transition country is a special challenge. We created a unique database for Slovenian companies with more than 50 employees in the period 1995 - 2022. Based on the preliminary results, it can be concluded that changes in the ownership structure of Slovenian companies were mainly determined exogenous, caused by factors outside the company, and partially endogenous, caused by internal dynamics. We evaluated both types of changes in terms of number of bankruptcies and discussed government policies, accordingly.
  • Price: 10.00 €
GLOBALIZACIJA: OD NEOLIBERALNE DO STRATEŠKE KONKURENCIJE: ŠTA ĆE BITI SA SRBIJOM?

GLOBALIZACIJA: OD NEOLIBERALNE DO STRATEŠKE KONKURENCIJE: ŠTA ĆE BITI SA SRBIJOM?
(GLOBALIZATION: FROM NEOLIBERAL TO STRATEGIC COMPETITION: WHAT WILL HAPPEN TO SERBIA?)

  • Author(s):Miroljub Labus
  • Language:Serbian
  • Subject(s):National Economy, Supranational / Global Economy, Economic policy, Globalization
  • Page Range:21-39
  • No. of Pages:19
  • Keywords:Globalization; global crisis; strategic competition;
  • Summary/Abstract:The disintegration of the world’s market and the outbreak o f the global crisis show that something is wrong with the process of globalization, which dominated in the previous period. Globalization is the process of integration of the world economy. It is currently moving from liberal to strategic competition between the leading economies in the world. The main question is how to protect small open economies from the negative consequences that this change causes. An additional problem for Serbia is that it is in the process of joining the European Union. Due to the war in Ukraine, the EU decided in 2023 to accelerate the harmonization of the market of the Western Balkans with its internal market, including the market of Serbia, without granting formal EU membership to the states. However, existing changes within globalization threaten to end this initiative. That is why this text deals with globalization relations in today's world and how these processes affect the position of Serbia.
  • Price: 10.00 €
IZA BITOVA I ALGORITAMA: REDEFINISANJE POSLOVANJA I BUDUĆNOST RADA

IZA BITOVA I ALGORITAMA: REDEFINISANJE POSLOVANJA I BUDUĆNOST RADA
(BEYOND BITS AND ALGORITHMS: REDEFINING BUSINESSES AND THE FUTURE OF WORK)

  • Author(s):Polona Domadenik-Muren, Matjaž Koman, Tjaša Redek
  • Language:Serbian
  • Subject(s):Labor relations, Economic policy, Security and defense, ICT Information and Communications Technologies
  • Page Range:41-60
  • No. of Pages:20
  • Keywords:Artificial intelligence; new technologies; labor market; cyber security;
  • Summary/Abstract:The paper analyzes the effects of artificial intelligence on companies and society as a whole. The research primarily focuses on legal aspects, cyber-security issues and the labor market. Companies adopt new technologies for numerous reasons such as productivity and efficiency growth, process standardization, quality improvement, regulatory adjustments, revenue and sales growth, market share growth, etc. The introduction of new technologies leads to higher added-value per employee, and thus to higher labor productivity, which in the long run leads to greater material well-being in society. There are numerous challenges related to the application of AI, including issues of reliability, privacy, cyber-security, social equity, policy and law, education, employment, and more. There are also certain fears, such as the fear of losing control over AI, that have arisen in recent years.
  • Price: 10.00 €
PRIMJENA VJEŠTAČKE INTELIGENCIJE U POSLOVANJU

PRIMJENA VJEŠTAČKE INTELIGENCIJE U POSLOVANJU
(APPLICATION OF ARTIFICIAL INTELLIGENCE IN BUSINESS)

  • Author(s):Branko Krsmanović, Zvjezdana Krstić
  • Language:Serbian
  • Subject(s):Business Economy / Management, Policy, planning, forecast and speculation, ICT Information and Communications Technologies
  • Page Range:61-75
  • No. of Pages:15
  • Keywords:Artificial Intelligence; Business; Automation; Personalization; Predictive Analytics;
  • Summary/Abstract:In the contemporary business environment, artificial intelligence is becoming an indispensable technological force that shapes the way business activities are conducted. Through the analysis of relevant sources, the paper explores how artificial intelligence enhances operational efficiency and productivity, its contribution to improving optimization and automation of business processes, as well as methods for enhancing business personalization, providing the opportunity for individualization of products and services according to the needs of each user. Artificial intelligence facilitates data understanding and enables better business decision-making ’based on predictive analytics, contributing to the creation of new business opportunities. Additionally, the paper discusses challenges arising from the implementation of artificial intelligence in business systems, including ethical issues and data privacy concerns. By analyzing future trends and perspectives on the application of artificial intelligence in the business environment, its significance in modern business is highlighted through the potential to achieve competitive advantages and long-term success for enterprises in the market.
  • Price: 10.00 €
UMJETNA INTELIGENCIJA U RAČUNOVODSTVU - ŠANSA ILI RIZIK

UMJETNA INTELIGENCIJA U RAČUNOVODSTVU - ŠANSA ILI RIZIK
(ARTIFICIAL INTELLIGENCE IN ACCOUNTING A CHANCE OR A RISK)

  • Author(s):Marko Markić, Brano Markić
  • Language:Croatian
  • Subject(s):Business Economy / Management, Accounting - Business Administration, ICT Information and Communications Technologies
  • Page Range:77-88
  • No. of Pages:12
  • Keywords:Receipt; procurement process; IronOCR; artificial intelligence; diary;
  • Summary/Abstract:Accounting is the data center of every company. It systematically records data on all business changes using the principles of completeness (all business changes are recorded in bookkeeping), timeliness (record all business changes as soon as possible), sequence (record business changes in the order of occurrence), material correctness (record those and only those business changes that actually occurred). A very important accounting principle is economy, i.e. to make entries with minimal costs. Of course, accounting does not end with recording all business changes. Recorded data in databases and data warehouses are the basis of accounting analysis, accounting reporting, auditing and planning. Applied informatics enables and facilitates the implementation of all accounting principles. In our modern times, artificial intelligence and its contribution to the economy are especially emphasized. The potentials of artificial intelligence have not been exhausted and research is also “revolving” around its application in accounting as a scientific discipline and profession. Artificial intelligence is a branch of computer science that deals with the building of computer programs to solve complex tasks, thus replacing humans, their intellectual abilities and experiential knowledge. Today, artificial intelligence is expected to replace all repetitive, manual tasks in accounting. There are several examples of such recurring jobs. For example entering of received invoices. This process is a series of repetitive operations that begin with the receipt of a -vendor invoice, “extracting” from the -vendor invoice the attributes to book their -values in the journal and general ledger. From the invoice received, it is necessary to identify the invoice number, the tax base (amount of the invoice without -value added tax), the amount of VAT, the date of issue of the invoice, the deadline for payment of the invoice, the amount of the invoice. The paper investigates the possibility of applying artificial intelligence in the accounting of purchases (supplier invoices) and the limitations and difficulties in the development of such software applications in artificial intelligence. Iron OCR text (character) recognition software and C# programming language were used. The development environment Visual studio has shown satisfactory development and implementation strength and power.
  • Price: 10.00 €
UKRATKO O VJEŠTAČKOJ INTELIGENCIJI: RAZVOJ I UTICAJ AI TEHNOLOGIJA

UKRATKO O VJEŠTAČKOJ INTELIGENCIJI: RAZVOJ I UTICAJ AI TEHNOLOGIJA
(ARTIFICIAL INTELLIGENCE IN BRIEF: THE DEVELOPMENT AND IMPACT OF AI TECHNOLOGIES)

  • Author(s):Tjaša Redek, Eva Marčič, Ana Carolina Batanete Maldonado, Ana Rita Pereira da Silva, Paul Martyn, Joshua Shenstone
  • Language:Serbian
  • Subject(s):Business Economy / Management, Policy, planning, forecast and speculation, Economic development, ICT Information and Communications Technologies
  • Page Range:89-108
  • No. of Pages:20
  • Keywords:Artificial intelligence; economy; economic branches;
  • Summary/Abstract:Artificial intelligence will significantly affect the global economy in the near future. This paper is focused on defining AI technologies and examining their impact on the economy and society. The continued development of AI technologies has recently reached an inflection point in mass adoption as organizations begin to realize the power and usefulness o f AI tools. Modern artificial intelligence covers several areas that can be useful to companies in the modern business environment. Key technologies such as machine learning, neural networks and computer vision are already reshaping the economy and services around the world. The countries that are most ready and open to AI are expected to benefit the most from Al, above all the US and China. In the short term, AI adoption offers immediate benefits at the company level, including greater efficiency, cost reduction, and easier decision-making across industries. In the long term, AI provides a competitive advantage, enabling companies to customize products, services and customer experiences, driving loyalty and innovation in business models. It is necessary to use AI responsibly, which means considering ethical issues as well as privacy issues.
  • Price: 10.00 €
IZAZOVI MODIFIKACIJE ČISTE SADAŠNJE VRIJEDNOSTI

IZAZOVI MODIFIKACIJE ČISTE SADAŠNJE VRIJEDNOSTI
(CHALLENGES OF NET PRESENT VALUE MODIFICATION)

  • Author(s):Dejan Mikerević, Silvije Orsag
  • Language:Croatian
  • Subject(s):Business Economy / Management, Economic policy, Financial Markets
  • Page Range:109-126
  • No. of Pages:28
  • Keywords:Net present value; adjusted present value; risk adjusted discount rate; modified netpresent value; real options;
  • Summary/Abstract:Financial decision-making in modern conditions characterized by globalization, a multitude of external shocks and the necessity of flexible adaptation is a key aspect of the successful operation of business entities. Therefore, it is necessary to have developed tools that would help the directors to make the right business decisions and especially whether to decide on a certain investment or abandon it, based on the relevant quantitative results. The paper considers the concept and limitations of the net present value, especially in terms of the inclusion of real options and its modification. Therefore, the various techniques used in financial analysis are considered, such as adjusted present value, risk-adjusted discount rate, modified reinvestment assumption and real net present value. The essence is to arrive at a more realistic evaluation of various circumstances and potential external shocks in modern business conditions, in order to ensure the most adequate financial and investment decision-making in the future business of the company.
  • Price: 10.00 €
USVAJANJE AI TEHNOLOGIJA U SVIJETU

USVAJANJE AI TEHNOLOGIJA U SVIJETU
(ADOPTION OF AI TECHNOLOGIES AROUND THE WORLD)

  • Author(s):Denis Marinšek, Rok Požun, Jakob Jelenčič, M. Besher Massri, Ian Gošnak, Tajda Korošec
  • Language:Croatian
  • Subject(s):Supranational / Global Economy, Policy, planning, forecast and speculation, Economic development, ICT Information and Communications Technologies
  • Page Range:127-142
  • No. of Pages:16
  • Keywords:Application of artificial intelligence; comparative analysis of regions; comparison of industries;
  • Summary/Abstract:The application and popularity of artificial intelligence is growing more and more in the world. Also, investments in Al are increasing. Artificial intelligence has the potential to transform the way people innovate, conduct and organize business and impact all areas of the economy. This paper investigates the degree of application of Al in different regions and makes a comparative analysis of the regions, as well as a comparison by economic branches. The continent of North America leads the way in research and investment in artificial intelligence, followed by Europe. On the other hand, Asia lags behind North America and Oceania in the quality of research, which is reflected in lower citation rates regarding the application itself. South America currently lags significantly behind other regions, but progress in AI adoption is visible. The implementation of AI varies by industry. Results are visible in healthcare where artificial intelligence improves diagnostic efficiency and personalized treatments. In banking, generative AI in particular is increasing productivity, improving decision-making and developing customer service through applications such as chatbots and facial recognition. Retail and consumer goods trade benefit from AI by streamlining customer service, marketing and inventory management.
  • Price: 10.00 €
DIGITALNA CIRKULARNA EKONOMIJA

DIGITALNA CIRKULARNA EKONOMIJA
(DIGITAL CIRCULAR ECONOMY)

  • Author(s):Boris Todorović, Marija Todorović, Zdravko Todorović
  • Language:Serbian
  • Subject(s):Business Economy / Management, Energy and Environmental Studies, Economic policy, Economic development, ICT Information and Communications Technologies
  • Page Range:143-157
  • No. of Pages:15
  • Keywords:Circular economy; Digital technologies; Sustainable development; Waste reduction; Recycling; Production processes;
  • Summary/Abstract:The purposes of the research show that the use of digital technologies can improve the transformation towards a sustainable circular economy and provide good solutions to improve the efficiency of manufacturing companies. It is necessary to make the circular economy digital, and the digital economy circular. The research design represents the influence of the digital circular economy on the creation of value in the business system. The research methods in this study were qualitative and inductive, based on a review of the available literature and in-depth interviews with experts from IT and the production sector in production organizations. The main findings of the research are: 1) the business system is presented through 14 work systems that are interconnected with the research of market needs for products on the market until the end of the product’s use; 2) we divided the business system into five production cycles: design, production, distribution, use and end of use; 3) we have shown direct connections and feedback loops in working systems; 4) we presented the impact of digitization on the business system and individual digital technologies on individual production cycles; 6) we presented the strategy and practice of the circular economy with the aim of creating ecological, economic and social 'value. The limitations of the research refer to the smaller number of companies that we analyzed and the smaller number of interviewed managers. For this reason, the research is not categorized as a case study, but as an interview with experts. Despite this limitation, the results represent an acceptable level of validation, and the information is reliable. Our goal was to show how a circular economy ’based on digitization can be introduced into the business system and launch an initiative focused on material recycling towards new models of sustainable production, consumption and -use. Managers of production organizations who strive to improve the efficiency of their operations by adopting digital technologies with the aim of introducing a circular economy have practical benefits from the research. The originality of the research refers to the creation of a model of the influence of the digital circular economy on the business system, which should encourage the creation of ecological, economic and social 'value. Establishing a digital circular economy requires fundamental changes in the entire value chain from product design and technology to new business models, new ways of preserving natural resources and converting waste into resources, new ways of consumer behavior, new standards, regulations and practices, new ways of education and financing, that is, it is necessary to establish a new economic paradigm based on a digital circular economy. It is important to understand that the implementation of a digital circular economy is a necessary step towards achieving climate goals and increasing the efficiency of resources and energy.
  • Price: 10.00 €
STATUS I TRENDOVI OSTVARENJA CILJEVA ODRŽIVOG RAZVOJA U ZEMLJAMA REGIONA

STATUS I TRENDOVI OSTVARENJA CILJEVA ODRŽIVOG RAZVOJA U ZEMLJAMA REGIONA
(STATUS AND TRENDS OF ACHIEVING THE GOALS OF SUSTAINABLE DEVELOPMENT IN THE COUNTRIES OF THE REGION)

  • Author(s):Jelena Poljašević
  • Language:Serbian
  • Subject(s):Regional Geography, Economic policy, Economic development, EU-Approach / EU-Accession / EU-Development
  • Page Range:159-174
  • No. of Pages:16
  • Keywords:Sustainable Developments Goals; Western Balkans countries; European Union;
  • Summary/Abstract:By adopting the 2030 Agenda, UN member countries committed themselves to achieving the goals of sustainable development. Progress towards the stated goals requires the adoption of a comprehensive strategy, and the commitment of all actors for its realization. Following the achievement of these goals since 2015, when Agenda 2030 was adopted, it was determined that countries that are not members of the EU are significantly worse in achieving the goals of sustainable development than European countries and the EU average. The corona virus pandemic, as well as the most recent crises, in some countries have slowed down activities towards achieving these goals, while in some countries negative trends can be observed. Observing the countries of the Western Balkans, on the one hand, and Croatia and Slovenia as EU members, on the other hand, a lower status of achieving the goals of sustainable development of the countries of the Western Balkans can be observed, 'while negative or stagnant trends can also be observed in these countries that belong to the EU. It apparently speaks in support of the general knowledge that the general crisis in the world has led to a slowdown in activities towards sustainable development not only in non-EU countries, but in all countries.
  • Price: 10.00 €
ULOGA JAVNOG SEKTORA U PODSTICANJU ODRŽIVOG POSLOVANJA: ENERGETSKA EFIKASNOST PREDUZEĆA U SEKTORU ENERGETIKE REPUBLIKE SRPSKE

ULOGA JAVNOG SEKTORA U PODSTICANJU ODRŽIVOG POSLOVANJA: ENERGETSKA EFIKASNOST PREDUZEĆA U SEKTORU ENERGETIKE REPUBLIKE SRPSKE
(THE ROLE OF THE PUBLIC SECTOR IN ENCOURAGING SUSTAINABLE BUSINESS: ENERGY EFFICIENCY OF COMPANIES IN THE ENERGY SECTOR OF THE REPUBLIC OF SRPSKA)

  • Author(s):Tajana Serdar Raković, Branka Topić Pavković
  • Language:Serbian
  • Subject(s):Business Economy / Management, Energy and Environmental Studies, Economic policy, Economic development
  • Page Range:175-194
  • No. of Pages:20
  • Keywords:Energy efficiency; corporate sector; public sector; financial results; sustainable business; public sector measures;
  • Summary/Abstract:The role of the public sector in achieving the energy efficiency goals of companies has proven to be a key link that can have a significant impact on the speed and efficiency of the energy transition in companies. Given different mechanisms at its disposal, the public sector should encourage, support and implement measures and activities that lead to a sustainable and more energy-efficient economy. Through subsidies and tax incentives, research and development funding, educational campaigns and infrastructure development in the field of energy efficiency and renewable energy sources, the public sector can motivate businesses to invest in sustainable technologies and practices. However, sustainable operations cannot be viewed separately from the company’s main goal, i.e. achieving positive financial results. Increasing energy efficiency can significantly reduce company costs, because energy efficiency is seen as a resource in modern times. The research was conducted on a sample of companies from the energy sector of Republic of Srpska, analysing the impact of energy efficiency goals on financial results, the level of achieved energy efficiency goals, satisfaction with the level of public sector support, preferred public sector measures, and examining the connection between public sector support and the achievement of these goals. The results of the research suggest that public sector measures to encourage sustainable business are of key importance for achieving the energy efficiency goals of companies in the energy sector, which confirms our research hypothesis.
  • Price: 10.00 €
VEŠTAČKA INTELIGENCIJA, PROJEKTOVANJE PRERAĐIVAČKIH KAPACITETA I IZAZOVI TRŽIŠTA

VEŠTAČKA INTELIGENCIJA, PROJEKTOVANJE PRERAĐIVAČKIH KAPACITETA I IZAZOVI TRŽIŠTA
(ARTIFICIAL INTELLIGENCE, PROJECTING PROCESSING CAPACITIES AND MARKET CHALLENGES)

  • Author(s):Radmilo Todosijević, Miloš Todosijević
  • Language:Serbian
  • Subject(s):Supranational / Global Economy, Policy, planning, forecast and speculation, Economic development, ICT Information and Communications Technologies
  • Page Range:195-210
  • No. of Pages:16
  • Keywords:artificial intelligence; design; development; capacity; market; future;
  • Summary/Abstract:Subject of research: Expectations that artificial intelligence will lead to a high degree of determination in the design of organisational and generally existing systems, which confirms its persistence through the characteristic of universal diffusion. Hypothesis: Many processes will take place according to predefined software. Hardware production breaks Wall Street records. Auxiliary hypothesis: What will happen to the attitude towards work? Hypothetical statement: Artificial intelligence insists and strives to produce and realize the state of the environment. Results as a goal: there are no absolute organisations, but by designing with artificial intelligence we will strive to maximise cybernetic balance and relationships with nature and society. Historically speaking, the topic - attitude towards work is always open. Will intellectualism, creativity and innovation be exploited in the future or will the degree of independence in work exploit itself? It will be the subject of study in other social sciences, primarily sociology, philosophy and theology. “The urge to get rich forms the necessity of greater accumulation, which leads to the conclusion that the goal of capital is not investment in the sense of satisfying needs, but the capitalisation of invested capital” 3 (Marx K., 1948, p. 192). The universal application of artificial selection requires the ability to select, applications and controls. It raises communication relations to the level of absoluteness and reduces total costs. On the isolated example of processing capacity, we presented relations on two ideograms about the possibilities and challenges of designing the capacity as a whole or as parts whose inputs are by-products of the basic output. Never in history has there been such a revolutionary action of the dual effect of technical progress: Exponential innovative creative performance and spontaneous devaluation of everything that artificial intelligence has become a substitute for. When asked i f there is a god (!?), the artificial intelligence answered: “yes, now there is”
  • Price: 10.00 €
IMPLEMENTACIJA SAVREMENIH TEHNOLOGIJA U PROCESE REVIZIJE U FUNKCIJI JAČANJA OTPORNOSTI EKONOMIJE

IMPLEMENTACIJA SAVREMENIH TEHNOLOGIJA U PROCESE REVIZIJE U FUNKCIJI JAČANJA OTPORNOSTI EKONOMIJE
(IMPLEMENTATION OF MODERN TECHNOLOGIES IN AUDIT PROCESSES IN ORDER TO STRENGTHEN THE RESILIENCE OF THE ECONOMY)

  • Author(s):Kristina Peštović
  • Language:Serbian
  • Subject(s):Business Economy / Management, Accounting - Business Administration, ICT Information and Communications Technologies
  • Page Range:211-221
  • No. of Pages:11
  • Keywords:Audit; cloud technology; artificial intelligence;
  • Summary/Abstract:In the digital era, information technologies are becoming a key part of the modernization and improvement of business processes in all spheres of business, including audit. Modern information technologies bring revolutionary changes in realization of audit activities, enabling automation of routine audit tasks, rapid analysis of large amounts of data, detection of risks and irregularities, and providing of useful analytical insights and more reliable information for business decision-making. Through the application of tools such as artificial intelligence and cloud technology, auditors can perform their tasks more efficiently, with better quality and with less risk. By improving the implementation of the audit process by applying information technologies, auditors provide higher quality services and enable users of their services to create a better response to business challenges. In the context of the topic, the paper presents the key aspects, advantages and challenges of implementing modern information technologies, such as cloud technology and artificial intelligence in audit processes.
  • Price: 10.00 €
ZAPOSLENI U TRANZICIJI: UTICAJ VJEŠTAČKE INTELIGENCIJE U ZEMLJAMA OECD-A

ZAPOSLENI U TRANZICIJI: UTICAJ VJEŠTAČKE INTELIGENCIJE U ZEMLJAMA OECD-A
(WORKERS IN TRANSITION: THE IMPACT OF ARTIFICIAL INTELLIGENCE IN OECD COUNTRIES)

  • Author(s):Polona Domadenik Muren, Hana Končan, Rishabh Kumar Raikwar, Milena Ljutica, Žan Mikola
  • Language:Serbian
  • Subject(s):Labor relations, Policy, planning, forecast and speculation, Economic development, ICT Information and Communications Technologies
  • Page Range:223-236
  • No. of Pages:14
  • Keywords:Artificial intelligence; gross domestic product; earnings; labor market;
  • Summary/Abstract:Artificial intelligence (AI) will potentially have a significant impact on jobs. It is predicted that the application of artificial intelligence will create more jo b s than the number of jobs that will be extinguished due to its application. As part of the work, a comparative study was conducted in seven OECD countries (Austria, Canada, France, Germany, Ireland, the United Kingdom and the United States of America) on the impact of AI on workplaces, with the aim of examining workers' perceptions of the current and future impact of AI. Countries with strong economies and higher DESI scores tend to invest more in AI technologies, driving transformative advances. Strengthening labor market institutions, promoting collective bargaining and ensuring responsible corporate engagement are cornerstones for direction in this transformative era. Relevant research indicates that AI will not reduce the number of jobs, but that they will be transformed.
  • Price: 10.00 €
OTPORNOST PRIVREDE REPUBLIKE SRPSKE U USLOVIMA DEZINTEGRISANIH TRŽIŠTA

OTPORNOST PRIVREDE REPUBLIKE SRPSKE U USLOVIMA DEZINTEGRISANIH TRŽIŠTA
(RESILIENCE OF THE ECONOMY OF REPUBLIC OF SRPSKA IN THE CONDITIONS OF DISINTEGRATED MARKETS)

  • Author(s):Dragan Mikerević, Đoko Malešević
  • Language:Serbian
  • Subject(s):Business Economy / Management, Economic policy, Policy, planning, forecast and speculation, Financial Markets, Socio-Economic Research
  • Page Range:237-265
  • No. of Pages:29
  • Keywords:Resilience; income; property and financial position; financial stability; macroeconomic aggregates; environment; competitiveness; gross domestic product;
  • Summary/Abstract:The occurrence of frequent global crises and the increasing fragmentation of the global economy causes damage to the state, households and businesses, which inevitably requires recovery programs from all market players, which of course further burdens their budgets and negatively affects their financial strength. Microeconomic factual analysis of the economy of Republic of Srpska and macroeconomic analysis in Bosnia and Herzegovina point to the conclusion that in 2023, the previous negative trends of the state of financial strength and the maintenance of the level of resilience of its economy will be maintained. In order to raise the performance of the economy and increase its resilience to a higher level, decisive reforms are necessary, which have been numbed in Bosnia and Herzegovina for almost more than a decade. This resulted in long-term stagnation and in order to make up for lost time, it is necessary in the economy to make a decisive step forward into new technologies, strategies and policies 'while skipping a series of development phases that require time.
  • Price: 10.00 €
UBLAŽAVANJE RIZIKA VOLATILNOSTI: INTEGRACIJA ESG OBVEZNICA U PORTFELJE DRUŠTAVA ZA OSIGURANJE

UBLAŽAVANJE RIZIKA VOLATILNOSTI: INTEGRACIJA ESG OBVEZNICA U PORTFELJE DRUŠTAVA ZA OSIGURANJE
(MITIGATING VOLATILITY RISK: INTEGRATING ESG BONDS INTO INSURANCE COMPANY PORTFOLIOS)

  • Author(s):Miloš Grujić
  • Language:Serbian
  • Subject(s):Business Economy / Management, Policy, planning, forecast and speculation, Financial Markets
  • Page Range:267-286
  • No. of Pages:10
  • Keywords:ESG bonds; diversification; portfolio performance; institutional investors; investment portfolio optimization; risk management; portfolio efficiency;
  • Summary/Abstract:The pronounced volatility of security prices and interest rate changes in financial markets pose a significant challenge for institutional investors. Due to major limitations, insurance companies bear the greatest risk due to substantial legal guidelines and considerable investment restrictions. This research investigates the possibility of optimizing investment portfolios by analyzing the effect of including bonds issued following ESG standards in traditional investment portfolios. A n optimization method based on the Markowitz diversification model tests the advantages of including such bonds. The results show that the integration of ESG-labeled bonds would have positively impacted portfolio returns, risk management, and overall portfolio efficiency during the past decade. Finally, the research emphasizes the importance of diversifying investment portfolios with such bonds to respond to the challenge of heightened volatility in financial markets, providing valuable insights fo r institutional investors and the professional community. The most important limitation of the research is the fact that Markowitz's optimization assumes a norm al distribution of returns and risks, which may not be sufficiently accurate for all financial instruments.
  • Price: 10.00 €
REPERKUSIJE UTVRĐIVANJA I ODRŽAVANJA OBAVEZNIH REZERVI I UTVRĐIVANJA NAKNADE NA IZNOS REZERVE NA BANKARSKI SEKTOR BIH

REPERKUSIJE UTVRĐIVANJA I ODRŽAVANJA OBAVEZNIH REZERVI I UTVRĐIVANJA NAKNADE NA IZNOS REZERVE NA BANKARSKI SEKTOR BIH
(REPERCUSSIONS OF DETERMINING AND MAINTAINING REQUIRED RESERVES AND DETERMINING REMUNERATION ON THE AMOUNT OF RESERVES ON THE BANKING SECTOR IN BOSNIA AND HERZEGOVINA)

  • Author(s):Jasna Zrilić
  • Language:Serbian
  • Subject(s):Economic policy, Financial Markets, Public Finances
  • Page Range:287-304
  • No. of Pages:18
  • Keywords:Central Bank; mandatory reserves; banking sector;
  • Summary/Abstract:The reserve requirement is the only instrument used by the Central Bank of BiH in the implementation of monetary policy. The required reserve rate is 10% and is applied to the base consisting of deposits and borrowed funds. Starting from January 2024, there is a change in the way of maintaining the required reserve, where the part of the required reserve that refers to the basis in EUR and in the domestic currency with a currency clause is maintained in EUR. Full application of this provision is expected from October 2024, i.e. the entire mandatory reserve that refers to the basis in EUR and in the domestic currency with a currency clause is maintained in EUR. Full application the basis in EUR and in the domestic currency with a currency clause, in fu ll amount will have to be maintained in EUR. This method of maintaining mandatory reserves will have a significant impact on the banking sector in Bosnia and Herzegovina, especially on profitability, as it will reduce the possibility for banks to directly term funds abroad. Another important part of this Decision refers to the determination of remuneration for the amount of reserves. In the period from 2021 to 2024, the remuneration paid by the Central Bank of Bosnia and Herzegovina to commercial banks for funds in the reserve account (required reserve and funds exceeding the required reserve) was changed several times. In this paper, we will look at the repercussions of the amount of this remuneration on the operations of the banking sector in 2023. Changes related to the required reserve began to be implemented in 2023 in the changed market conditions related to the growth of interest rates in the Euro zone. The CBBH pays remuneration to the required reserve fu n d at the rate of 0.5% (base in BAM), 0.3% (base in foreign currency or BAM with a currency clause in EUR) and to the fu n d exceeding the required reserves at a rate of 0%. This has significantly reduced the funds that banks maintain above the reserve account in comparison to the previous period, and this is due to the fa ct that banks from Bosnia and Herzegovina achieve more significant returns when directly terming funds with banks abroad. In order to achieve economic growth and further strengthen stability by increasing the remuneration charged by the CBBH to commercial banks on reserve funds and required reserve funds, the banks would return a significant amount of funds to the country. This would open up the possibility of an increase in interest rates on deposits with an agreed maturity date, and further development of the reference rate of the average weighted cost of financing banks in Bosnia and Herzegovina. Increasing the amount of term deposits in the structure of sources of financing in the banking sector would contribute to even greater stability of the banking sector and the long-term potential for credit growth.
  • Price: 10.00 €
PREKO BITOVA I ALGORITAMA KA INTELIGENTNOJ EKONOMIJI

PREKO BITOVA I ALGORITAMA KA INTELIGENTNOJ EKONOMIJI
(BEYOND BITS AND ALGORITHMS TOWARDS AN INTELLIGENT ECONOMY)

  • Author(s):Polona Domadenik Muren, Matjaž Koman, Tjaša Redek
  • Language:Serbian
  • Subject(s):Economic policy, Policy, planning, forecast and speculation, Economic development, ICT Information and Communications Technologies
  • Page Range:305-315
  • No. of Pages:11
  • Keywords:Artificial intelligence; future transformation; public;
  • Summary/Abstract:This paper tries to present the impact of AI on the economy in the future. The paper opened up several topics, from challenges in definition, measurement, corporate and individual perspectives, including challenges that individuals will face in the labor market. The development of AI in the past depended on the development of other related technologies, primarily computing capacity and the availability of large amounts of data, which will be the case in the future as well. Artificial intelligence is expected to significantly increase GDP. In the long term, the revival of economic conditions will depend on how the adoption of artificial intelligence affects the distribution of income. If advances in AI technology do not lead to higher wages, the declining share of labor income in GDP will lead to a decrease in aggregate demand. This reduction, in turn, would hinder the current and potential growth of the economy and impede the creation of new jobs, causing a delay in boosting productivity and GDP growth. Artificial intelligence will fundamentally change standard business models and pose multiple challenges to managers and companies. The intensity of the use of AI also increases with the size of the company. A comparison of different industries shows that the primary motives for using AI-based tools and other digital solutions are similar. Obstacles in the application of AI can be grouped into human (knowledge), technical and financial. In addition, gaps in existing regulation and regulatory compliance remain a challenge. Security issues, data protection and compliance will become key to protect the knowledge domain of companies on the one hand and ensure that processes are in line with regulatory standards on the other. Cooperation between authorities and companies is necessary to build a trusted system.
  • Price: 10.00 €
UTICAJ VJEŠTAČKE INTELIGENCIJE NA PRAVNI SISTEM I SUDSKE POSTUPKE

UTICAJ VJEŠTAČKE INTELIGENCIJE NA PRAVNI SISTEM I SUDSKE POSTUPKE
(THE INFLUENCE OF ARTIFICIAL INTELLIGENCE ON THE LEGAL SYSTEM AND COURT PROCEEDINGS)

  • Author(s):Stefan Blagojević
  • Language:Serbian
  • Subject(s):Politics and law, ICT Information and Communications Technologies, Court case
  • Page Range:317-336
  • No. of Pages:20
  • Keywords:Artificial intelligence; legal system; court proceedings; right to a fair trial; limitations and risks;
  • Summary/Abstract:Artificial intelligence (Artificial intelligence -AI) is a rapidly developing technology that is already having a significant impact on 'various areas of human life, including the legal system and court proceedings. In this sense, artificial intelligence has influenced almost every segment of our modern society, becoming extremely -useful for our everyday private and business life. However, the fact is that the use of artificial intelligence represents a part of the future, which, in addition to numerous opportunities and advantages, also carries corresponding challenges. The constant development of information technologies leads to an increasing presence of artificial intelligence in the judiciary and court proceedings. The main goal pursued in the implementation of artificial intelligence in court proceedings is to, on the one hand, strengthen the right to a fair trial protected by constitutional, legal and international guarantees, and on the other hand, to facilitate easier work of judges and employees, with faster, more accessible and more effective justice. The application of artificial intelligence in the judiciary, i.e. in court proceedings, enables equal access to the rights of all, harmonizing judicial practice by excluding the human factor. The paper in question deals with the impact of artificial intelligence on the legal system, through the analysis of how it can improve the efficiency of the judiciary, automate legal processes, improve judicial practice, predict court decisions, affect the work of lawyers and legal practice. Also, the text will point out the application of artificial intelligence and its limitations in court proceedings, and special attention will be paid to the risks of its use in legal systems.
  • Price: 10.00 €
Back to list
2025 © CEEOL. ALL Rights Reserved. Privacy Policy | Terms & Conditions of use | Accessibility
ver2.0.1033
Toggle Accessibility Mode