book of abstractsoikosinstitut.org/wp-content/uploads/2017/11/... · nadia nora urriola canchari,...

1

Innovations, reforms andmodern business

6 International symposiumth

Organizers:Oikos Institute - Research Center, Bijeljina (https://oikosinstitut.org/)Faculty for Business and Tourism, Budva (http://www.fbt-budva.com)

Vlada RepublikeSrpske

ОПШТИНАСОКОЛАЦ

Bijeljina 24.05.2018.

Book of Abstracts22.05.2018

Ц

2

INNOVATIVE APPROACH TO MEASURING THE IMPACT OF FDI ON SOME MACROECONOMIC INDICATORS IN B&H

Slobodan Subotić, Živko ErcegBosnia and Herzegovina

Vladimir MarkovićSlobomir P University, Faculty of Economics and Managements, Bosnia and Herzegovina

Goran MitrovićDrina insurance company ad Milici, Bosnia and Herzegovina

date of paper receipt: 22.03.2018.

Orginal article doi: 10.2478/eoik-2018-0008 UDK: 330.101.54 (497.6)

date of sending to review: 23.03.2018.

date of review receipt:31.03.2018.

SUMMARY

represents economic surplus in relation to consumption of the national economy and the import of capital represents an increase of consumption in regard to the output of a national economy.

country, among other things, is emphasized in the function of the achieved phase of its economic development. Taking all this into consideration, the aim of this paper refers to an attempt to indicate

will try to determine the level of FDI’s impact on some macroeconomic indicators in B&H (GDP, import, export, unemployment) by using contemporary SPSS statistical analysis program (model)

words, we will determine the analytical expression used to describe a statistical relationship of these macroeconomic categories.

Key words: FDI, macroeconomic indicators, regression and correlation, Bosnia and Herzegovina

3

LOCAL CONTRIBUTIONS OF FORESTS TO ECONOMIC GROWTH OF PERU: A CASE OF PINUS RADIATA PLANTATIONS

Nadia Nora Urriola Canchari, Pradeep Baral, Lanhui Wang School of Economics and Management, Beijing Forestry University, Beijing,

People’s Republic of China


Orginal article doi: 10.2478/eoik-2018-0001 UDK: 630:330.34(85)


date of review receipt: 20.04.2018.

SUMMARY

economies. Over the past few decades, value added in the forestry sector of these economies has gradually increased. Consequently, the need for a detailed and accurate assessment of the econom-ic contribution of the sector has grown in order to gain the attention of the policy makers and to highlight its importance in poverty alleviation and sustainable development. Contrarily, In Peru,

having considerable forest resources, the full extent of economic contributions of the forestry sec-tor to local as well as the national economy is still poorly understood. Sparsity of up-to-date data on value added in the forestry sector and a general disregard to any forests other than Amazonian rainforests have compounded the already existing situation. In this context, this paper aimed at making an empirical analysis of the direct contributions of the forestry sector to the local economy

-tation forests of the Department of Ayacucho located in the Southern Peruvian Andes served as a

forests to the economic growth of the Department of Ayacucho. As our study was limited only to

in order to fully apprehend the economic contributions of the forestry sector to local and national economy.

Keywords: Ayacucho, forestry sector, economic growth, Pinus radiata, forest plantations, OLS regres-sion, causality test

4

SUMMARY

interpretation of the arm’s length principle under the view of the tax income comparison between countries with high and low tax rates. Moreover, the factors of comparability scrutinized with a mathematical approach which shows how the tax factors interact within the countries’ economies in the frame of a global view.

Keywords: controlled transactions, transfer pricing, tax impact factors

METHODS OF CONTROLLED TRANSACTIONS AND THE BEHAVIOR OF COMPANIES ACCORDING TO THE PUBLIC AND

TAX POLICY

Constantinos ChalloumisNational and Kapodistrian University of Athens, Greece

date of paper receipt:10.04.2018.

doi: 10.2478/eoik-2018-0003 UDK: 336.2:339.94



Original article

5

1* SUMMARY

It is widely obvious that the modern business depends on many new previously unknown factors: innovations, technology expanding, information dispersion and collection, culture, imaginations,

substantial theoretic and empirical analysis are oriented to the modernisation and sophistication of today business, especially in developing, emerging and small countries. All of them are exposed to

paper contains the analysis of content of global development documents and literary materials,

result in better orientation of industrial policies and clearer path for the future broader researches

Keywords: invention, innovative economy, modern business, modernisation, sophistication, sustainable business

INNOVATIVE ECONOMY IN THE LIGHT OF REFORMS AND BUSSSINESS MODERNIZATION1

Petar ĐukićUniversity of Belgrade, Faculty of Technology and Metallurgy, Belgrade, Serbia


Review article doi: 10.2478/eoik-2018-0002 UDK: 352(497.6 RS)



6

IMPORTANCE AND IMPACT OF FOREIGN INVESTMENT ON THE ECONOMIC DEVELOPMENT OF BOSNIA AND HERZEGOVINA

Milan ŠušićUniversity of Business Studies Banja Luka, Faculty of Business and Financial Studies,

Bosnia and Herzegovina


Review article doi: 10.2478/eoik-2018-0007 UDK: 339.727.22/.24:330.34 (497.6)



SUMMARY

economic development as a whole, as well as the development of economic entities in the micro segment. Investments present an essential element of any economic policy, as their presence provides a platform, not only for economic development, but also create a basic condition for the stability of economic and social trends. Foreign direct investment plays an important role in the

development of the global economy and particulary screens the impact of foreign direct investment

that have to be carried out in order to realize more investments. With the use of statistical and

has an exstraodinary positive impact on the economic development and increase of business activities in visably undeveloped and slow economic in Bosnia and Herzegovina.

Keywords: foreign investment, the global economy, economic development, knowledge and technology

IMPORTANCE AND IMPACT OF FOREIGN INVESTMENT ON THE ECONOMIC DEVELOPMENT OF BOSNIA AND HERZEGOVINA

Milan ŠušićUniversity of Business Studies Banja Luka, Faculty of Business and Financial Studies,

Bosnia and Herzegovina


Review article doi: 10.2478/eoik-2018-0007 UDK: 339.727.22/.24:330.34 (497.6)



SUMMARY

economic development as a whole, as well as the development of economic entities in the micro segment. Investments present an essential element of any economic policy, as their presence provides a platform, not only for economic development, but also create a basic condition for the stability of economic and social trends. Foreign direct investment plays an important role in the

development of the global economy and particulary screens the impact of foreign direct investment

that have to be carried out in order to realize more investments. With the use of statistical and

has an exstraodinary positive impact on the economic development and increase of business activities in visably undeveloped and slow economic in Bosnia and Herzegovina.

Keywords: foreign investment, the global economy, economic development, knowledge and technology

7

SUMMARY

attention to this issue. In this case, the main purpose of this research is to know the relationship between two issues related to Indonesian macro economy called consumption and GDP for data

Indonesian consumption consumption variables using the test ARDL, cointegration and Granger

between GDP and consumption with long-term ARDL model, 10% change of consumption will produce long-term change of 44% in GDP. It is not surprising that there is no short-run equilibrium relationship between GDP and consumption. 10% of consumption will result in a short-term

all usage slowness. So it can be summarized in the context of GDP and coordinated short-term economic consumption for all the prevailing interval lags. concluded that long-term causality test

1, 15 and 20 have no long-term causality relationship between GDP variables and consumption variables. a short-term causal model. With lagging intervals of 1, 5, 10 and 15, there is a short-term causal relationship between the variable GDP and consumption. As for the use of delay interval 20 there is no causal relationship in the short term between the variable GDP and consumption in Indonesia.

Keywords: ARDL, cointegration, granger causality, GDP, consumption.

BETWEEN GDP AND CONSUMPTION : CASE STUDY INDONESIA

Teguh Sugiarto, Dept. Accounting Universitas Budi Luhur, Jl. Ciledug Raya, Petukangan Utara, Pesanggrahan, Jak-

Sel, DKI Jakarta, IndonesiaLudiro Madu

Lecture at UPN Veteran Departemen Internasional Relation. Universitas Pembangunan ‘Nasional’ Veteran, Yogyakarta, Indonesia

Ahmad SubagyoLecture at STIE GICI Business Scholl, Depok, Jawa Barat, Indonesia

SugiyantoLecture at Dept. Acc. Universitas Pamulang Tangerang, Banten, Indonesia

Achmadi Lecture at STIE Tunas Nusantara, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12430,

Indonesia


doi: 10.2478/eoik-2018-0004 UDK: 339.94:338.1 (594)



Orginal article

8

SUMMARY

industry sector companies listed in Indonesia Stock Exchange 2007-2014 period, which has

Return on Equity (ROE), Institutional Ownership (KIS), Growth Assets (GA) and Debt Asset Ratio (DAR) is the direction or positive with Value of the Firm (PRICE) where every increase ROE, KIS and GA followed by a rise in PRICE. On the other hand Firm Size (SIZE) has a negative relation to PRICE where every increase of SIZE is followed by decrease of PRICE.

Keywords: Capital Structure, Value of the Firm, and Path Analysis.

VALUE OF THE FIRM IN CAPITAL STRUCTURE PERSPECTIVE(Case study of tourism companies in IndonesiaStock Exchange)

Ngatemin, Azhar Maksum, Erlina, SirojuzilamUniversity of North Sumatra, Medan, Indonesia


Review article doi: 10.2478/eoik-2018-0006 UDK: 658:338.48 (594)



9

SUMMARY

country to country, city to city, and depend on the level of development, political system, development

in the level of development of its territory. Local communities in the Republic of Srpska are increasingly facing with several obligations - providing support to business, creating a favorable

emptying of cities, the departure of young people, low average wages and high unemployment rates.

of this paper is to determine the competitiveness and level of development of local communities in the Republic of Srpska. Municipal competitiveness will be higher if it has a positive trade balance, higher average wages, high natural increase, low unemployment rate and positive migration. Higher natural increase, favorable trade balance and low unemployment rate are in direct correlation with

of underdeveloped municipalities in the Republic of Srpska are demographic aging, population migration, underdeveloped infrastructure, high unemployment rates, low average wages, low level of investment, low export activity, weak institutional capacities, etc.

Keywords: unemployment, investment, migration, competitiveness, development strategy

COMPETITIVENESS AND DEVELOPMENT OF LOCAL COMMUNITIES IN THE REPUBLIC OF SRPSKA

Mladen Rebić, Milica Bojat, Nemanja ŠarenacUniversity of East Sarajevo, Faculty of Economics Pale, Bosnia and Herzegovina


Review article doi: 10.2478/eoik-2018-0010 UDK: 330.34:005



10

SUMMARY

improvement of tourism is very important for the regional budget and for the overall economic

tourism industry, the existing taxation system that is the Tax Code of the Republic of Kazakhstan requires some amendments, sustainable development measures should put into the practice with the introduction of technological systems that based upon the use solar and wind energy, and

Keywords: Pavlodar Region, tourism, ecology, pollutants, taxation.

ECOLOGICAL DEVELOPMENT IMPACT ON TOURISM IN PAVLODAR REGION

Aliya Zhakanova IsiksalNear East University, Faculty of Business and Administrative Sciences, Turkey

Huseyin IsiksalNear East University, Department of International Relations, Turkey

Rakhmetullina Shynar Zhakanovna, Savanchiyeva Armanay SagatbayevnaInternational University of Kyrgyzstan, Kyrgyzstan

Alibek ZhakanovEurasian National University, Kazakhstan


Review article doi: 10.2478/eoik-2018-0009 UDK: 338.48:502.131.1



11

SUMMARY

collecting funds from the public in the form of savings and deposits and channeling back the funds

monthly ratio reports. Any increase in the value of allowance for bad debt (X) of 1% would cause

to operating income.

THE EFFECT OF ALLOWANCE FOR BAD DEBT LOSS TO THE LEVEL OF PROFITABILITY(Case Study in Local Bank Indonesia)

Dian Hakip Nurdiansyah, Gusganda Suria MandaSingaperbangsa Karawang University, Indonesia


doi: 10.2478/eoik-2018-0005 UDK: 336.71:005.915 (594)



Short communication

13

I F

Keywords:

14

A fashionable method of profit’s optimization which may become dangerous!

Cercle Interdisciplinaire de Réflexion stratégique

A fashionable method of profit’s optimization which may become dangerous!

15

Hassiba Benbouali University of Chlef, Algeria

16

SummaryDigital economy creates waves and waves of disruptions. To survive and thrive in digital economy, where technology is disrupting industries from education to even manufacturing, companies are looking for new approaches to stay relevant. As the world becomes more digitalized, customer-centric approach to product development, short product cycles and rapid decision-making is needed. At the same time, while optimizing the existing core business, companies must grow more entrepreneurial culture and transformational growth engines inside the companies. Following this path, the major challenge for companies is how to implement strategic growth innovation along with executing traditional business model and operational excellence. This paper aims to explore and present the importance of digital transformation and innovations. Companies should strive to build collaborative relationships as a means to creating transformational growth. It is suggested that information and communications technologies are significant in the process of strategic planning The Paper also emphasizes the importance of organizational structure and culture required for implementing strategies that are aligned with digital transformation.

17

Key words

Nenad VunjakUniversity in Novi Sad, The Faculty of Economics Subotica

Jelena VitomirTamara Antonijević

Petra StojanovićAgricultural High School, Bijeljina

21

SummaryDigital economy creates waves and waves of disruptions. To survive and thrive in digital economy, where technology is disrupting industries from education to even manufacturing, companies are looking for new approaches to stay relevant. As the world becomes more digitalized, customer-centric approach to product development, short product cycles and rapid decision-making is needed. At the same time, while optimizing the existing core business, companies must grow more entrepreneurial culture and transformational growth engines inside the companies. Following this path, the major challenge for companies is how to implement strategic growth innovation along with executing traditional business model and operational excellence. This paper aims to explore and present the importance of digital transformation and innovations. Companies should strive to build collaborative relationships as a means to creating transformational growth. It is suggested that information and communications technologies are significant in the process of strategic planning The Paper also emphasizes the importance of organizational structure and culture required for implementing strategies that are aligned with digital transformation.

22ations, reforms andd b i

nternational symposium

Papers will be published in:

www.oikosinstitut.orghttp://www.degruyter.com/wiev/j/eoik

book of abstractsoikosinstitut.org/wp-content/uploads/2017/11/... · nadia nora urriola canchari,...

Documents