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The Impact of Crises on the Intellectual Capital of Companies in the Food Sector


Both the financial crisis of the first decade of the 21st century, as well as the deterioration of trade relations between the European Union and the Russian Federation were events that significantly affected the functioning of the largest listed companies on the food market: on the one hand, aggravating the conditions of economic functioning, on the other hand creating a stimulus to seek new innovative solutions to help companies survive on the market. The aim of the work was to present the impact of crises on the intellectual capital of WIG-Food index companies, which is an indirect measure of innovation. The MV/BV and q-Tobin index were used for the study, as well as selected quantitative methods: multiple regression, Ward’s method and seasonal additive decomposition. The results of the work indicate that the companies are divided into two groups, within which similar trends in shaping intellectual capital are observed. In addition, one of the groups clearly noticed the impact of the financial crisis and the introduction of an embargo on the shaping of intellectual capital.

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On the Relation Between Health and Income: A Cross-Country Analysis

. Health, or more precisely the lack of it, is seen as the source of a number of different traps. For instance, sick workers miss many workdays just because they live in a noxious environment, sick children cannot go to school, and sick mothers who give birth are more likely to have sickly children if they survive the birth at all. Each of these channels is a potential mechanism to throw people to poverty. The idea is conceptualized in a so-called poverty trap and dates back to 1958 when Dipak Mazumdar, a doctorate student of Economics at the London School of Economics

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Systemically Important Banks in Europe: Risk, Complexity and Cross-Jurisdictional Activities

References 1. Beck, T., Demirgüç-Kunt, A., Levine, R. (2006a). Bank concentration, competition, and crises: First results. Journal of Banking and Finance , vol. 30, issue 5, 1581-1603. 2. Beck, T., Demirgüç-Kunt, A., Levine, R. (2006b). Bank concentration and fragility: Impact and mechanics. In: Carey, M., Stulz, R. (eds.), The Risks of Financial Institutions, Chicago, University of Chicago Press . 3. Boot, A.W.A., Thakor, A., 2000. Can relationship lending survive competition? Journal of Finance, vol. 55, 679–713. 4. Boyd, J.H., De

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Fragmenting the Family? The Complexity of Household Migration Strategies in Post-apartheid South Africa

; Budlender and Lund, 2011 ; Reynolds and Burman, 1986 ). The effects on household form would certainly have influenced living arrangements for children, and it was observed that the impact on African household structure “will probably be slow to work itself out … the effects of decades of this system could therefore be expected to survive … the demise of the system itself” ( Simkins, 1986 : 18). South Africa and its neighboring countries remain unique in the extent of parental absence from children’s lives. A recent international study of childcare and co

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Reallocation and the Role of Firm Composition Effects on Aggregate Wage Dynamics

, computed on the subset of firms surviving between time t and time t -1. Figure A6 in Appendix displays the actual path of aggregate wages against the counterfactuals where the OP contribution to the aggregate wage growth rate is set to zero (black dotted line, “without OP”), or the net-entry contribution to the aggregate wage growth rate is set to zero (blue solid line, “without net-entry”). The contribution of net entry is negative and stable, around -0.2 percentage points. Firms that enter or exit the market both pay lower wages than incumbents, yet new firms

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Economics of Artificial Intelligence: Implications for the Future of Work

concentration ( Bessen, 2017a ). Together, these three developments triggered a rapid increase in AI patent applications across different patent offices worldwide ( Fig. 1 ). As a result, an endless stream of new services and products appeared, with those surviving the test of the market growing rapidly in size and quickly overtaking large, well-established companies in traditional business lines. Indeed, within the short period of 15 years, companies such as Google, Apple, Facebook, and Amazon have belittled historic behemoths of American capitalism of the likes of

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Resilient SMES, Institutions and Justice. Evidence in Italy


The recent financial crisis (2008) seriously affected the credibility of European and Italian institutions. It was also characterized by a general pessimism and low expectations of economic operators, especially firms. In literature, relationships between the quality of institutions and economic activities have been widely investigated. They show how the judicial system, the regulatory authorities and governance are important aspects for the quality of institutions.

The main conclusion of existing literature, or the necessity of a reform of judicial system, is the basis of this work. Thus, here there is an attempt to investigate the performances of the judicial system, considering the low and poor level of its effects on firms’ performances. In particular, in this work, there is a simple empirical analysis (data paucity is the big limit) in order to investigate the consequences of an efficient, long-time justice on resilient firms’ confidence and perspective. Those resilient firms, able to overcome the financial crisis, show their ability in surviving, even if justice doesn’t help them.

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Challenges in Creating Transformative Growth for Companies In Digital Economy


Digital 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.

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Intelektualni Kapital u Digitalnoj Ekonomiji / Intellectual Capital in Digital Economy


Današnje kompanije su zavisne od nematerijalne imovine koju čine informacije, znanje, inovacije i kreativost, a to su glavni resursi digitalne ekonomije. Da bi se pojavile i opstale na globalnom tržištu, u digitalnom dobu, današnje kompanije moraju posjedovati performanse kojima će zasjeniti konkurenciju i ostvariti privredni progres. Te performanse se ogledaju u intelektualnom kapitalu, odnosno u umovima ljudskih resursa kompanije, njihovim međusobnim odnosima, kao i odnosima sa eksternim saradnicima. Intelektualni kapital je jedan od krucijalnih koncepata kreiranja konkurentske prednosti u digitalnoj ekonomiji. Cilj ovog rada je ukazivanje na skrivenu vrijednost intelektualnog kapitala koja već decenijama sazrijeva u tišini i čeka pravi trenutak da “eksplodira”. Znanje koje kompanija posjeduje, kao i način na koji ga primjenjuje danas je odlučujući faktor za ostvarivanje optimalnog razvoja potencijala digitalne ekonomije, te stvaranje stabilnog društvenog sistema. Predstavljajući različite metode mjerenja naučnici su omogućili ostvarivanje prava vlasništva i mjerenje intelektualnog kapitala kompanije. Od esencijalnog značaja je zaštita intelektualnog kapitala, jer u digitalnoj ekonomiji, gdje se gotovo sve vrši elektronski, pojam “zloupotreba” je dobio sasvim novo značenje. Naposljetku, intelektualni kapital je ultimatum neophodan za postizanje dominacije na globalnom tržištu i ostvarivanje ekonomskog prosperiteta.

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Corporate Income Tax Rates in the EU Member States: Why Lower Means Better

in the United States. 75 (1), 128-138. Bretschger, L., Hettich, F. (2002). Globalisation, Capital Mobility and Tax Competition: Theory and Evidence for OECD Countries. European Journal of Political Economy, 18 (4), 695-716. Clausing, K. (2007). Corporate Tax Revenues in OECD Countries. International Tax and Public Finance, 14 (2), 115-133. de Mooij, R.A. (2005). Will Corporate Income Taxation Survive? De Economist, 153 (3), 277-301. Deloitte. (2018). Withholding Tax Rates. Devereux, M.P. (2007). Developments in the Taxation of

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