VALIDITY OF TRILEMMA THEORY – PANEL ANALYSIS OF NEW EU MEMBER STATES
This paper examines the validity of the “trilemma" theory which implies the inability to achieve the stability of the exchange rate, an independent monetary policy and free flow of capital at a given time. The theory is examined on the example of nine new EU member states. Bearing in mind that financial integration is a feature of moder...
By Marko Milošević, Biljana Bjelica, Suzana Balaban
THE IMPORTANCE OF FINANCIAL REPORTING FOR COMPANY MANAGEMENT IN INTERNATIONAL BUSINES
The paper presents the importance and role of financial analysis in corporate governance, as well as the application and role of analysis of financial statements in the system of international business. This research presents how company management can use financial reporting and financial analysis information to stimulate but also control pr...
By Dragan Vukasović, Darko Martinov, Živa Žebeljan
SCOPE AND LIMITATIONS ON THE USE OF CREDIT DERIVATIVES IN SMALL CAPITAL MARKET
Despite its widespread use, rating agency ratings, and high turnover, the market for credit derivatives is still considered new and insufficiently researched. In addition, the intensification of the 2008 financial crisis cannot be fully attributed to the use of credit derivatives, although they played a significant role in the spread of the c...
By Miloš Grujić
PROPERTY RIGHTS OF СHAREHOLDERS
In this paper the authors consider and study a current and important topic related to the property rights of shareholders such as: the right to a dividend, the right to pre-buy shares, the right to participate in the liquidation and bankruptcy divide, as well as the right to dispose of shares. The basic motive for the founding of a joint stoc...
By Ognjen Bakmaz, Rade Tešić
CULTURAL HERITAGE AND NEW CULTURAL PRODUCTS IN THE FUNCTION OF SUSTAINABLE DEVELOPMENT OF LOCAL AREA
Sustainable community development in Dubrovnik has to be based on the diversification of the tourist product, as well as on the responsibility to allocate and use resources wisely and in a way that is not harmful for the local community and which enables the implementation of new cultural knowledge. The aim of this paper is to explore the att...
By Marija Dragičević Ćurković, Ana Cvjetkovi
IMPACT OF FOREIGN DIRECT INVESTMENTS ON THE ECONOMIC DEVELOPMENT OF BOSNIA AND HERZEGOVINA
Foreign direct investments represent a very important part of the economic growth of any economy, especially developing countries. They have several positive effects, such as reduction in unemployment, an increase in disposable income, an improvement in the country’s external financial position, and a more favorable credit rating. The p...
By Jelena Unković
TENDENCIES AND CHARACTERISTICS OF THE LEVEL OF DEVELOPMENT OF BUSINESS TOURISM IN DESTINATION OPATIJA
Business tourism has attracted huge attention all over the world and is certainly considered one of the new and invaluable segments in the large family of tourism. This specific form of tourism is, with minor oscillations, a constantly growing segment of the tourist offer and demand and is in a constant process of innovation, creative movemen...
By Rudančić Andreja
WOOD PLASTIC COMPOSITES: TECHNOLOGIES
Current trends in the field of ecology encourage manufacturers to create materials that are environmentally acceptable, but also customer have requirements on the properties of the applied materials and their durability. In the fact of this reason, in some branches of industry (flour / automotive / construction) are created “Green mater...
By Zuzana Mitaľová, Dušan Mitaľ, Darina Dupláková, Peter Michalik
THE INFLUENCE OF THE SOCIO-ECONOMIC STATUS OF THE FAMILY ON THE LEVEL OF STUDENT ACHIEVEMENT
Social changes at the global level, changes in the economic system, the changed structure of the need for professional staff, as well as the process of forming the European educational space, inevitably bring with them changes in the structure of the educational system of our country. Since the demands in the field of educational qualificatio...
By Irena Petrušić, Bojana Ostojić
PROSTOR DOGAĐAJA U KOJI SMEŠTAMO INKLUZIVNI SPEKTAKL
Pošto živimo u vreme individualizma i egzistancijalizma, kapitalizma. Umetnost i bavljenje inkluzivnom umetnošću kao ishodište artikulacije te ,,naše’’ lične sopstvene praznine. Sopstvenu unutrašnju egzistencijalnu prazninu realizujemo u prostoru kao najveći društveni problem egzistencijan...
By Marija Dajić Jevtić