<abstract xmlns="http://www.w3.org/1999/xhtml">This study of cultures across 6 countries (7 regions) shows that each region has its own specificity and its own unique employee value profile. Value profiles have been explored as a potential diagnostic tool on the basis of Hofstede’s value dimensions in the service of human resource development at the local level. The resulting employee value profiles are based on a representative sample of employees in the private and public sectors. Significant similarity in value profiles have been found for employees from Croatia and Serbia compared to Romania, Hungary, Slovenia and Italy, both in the public and private sector. The research results suggest the direction that managers and policymakers need to take in order to understand what employees’ values are, how they can be used, and how to address the challenges of human resource development in their region.</abstract>

Chair of Production Systems, Organization and Management, Faculty of Technical Sciences

Chair of Economics and Business Management, Faculty of Economics in Osijek

A Cross-Sectoral Study of Value Profiles and Differences between Employees in Private and Public Sector in South East Europe

<abstract xmlns="http://www.w3.org/1999/xhtml">The aim of this paper is to examine how the institutional environment impacts the nature of corruption affecting entrepreneurship in transition economies. Drawing on a survey and in-depth interviews with entrepreneurs in Montenegro, the paper finds that corruption is a pervasive presence which has not been ameliorated despite economic reforms. Montenegro is a transition economy which has made significant strides in terms of creating a more open market economy. However, reforms have often overlooked corruption which remains prevalent, and the institutional environment has left space for officials and entrepreneurs to engage in corrupt practices. The paper shows that although it takes different forms, corruption can be viewed as a cultural impediment even if the majority of entrepreneurs are not exposed to it.</abstract>

Associate Professor in Enterprise, Centre for Enterprise and Entrepreneurship, Studies, Business School

Associate Professor in Institute for Entrepreneurship and Economic Development

Centre for Regional Economic and Enterprise Development, Management School

Professor of Entrepreneurship, Centre for Regional Economic and Enterprise Development, Management School

The nature of corruption affecting entrepreneurship in transition economies: Some lessons from Montenegro

<abstract xmlns="http://www.w3.org/1999/xhtml">The aim of this paper is to conceptualise the migration duration decision within the expected utility maximisation framework, and from that to derive and estimate an empirical proposition. For this purpose, the conceptual framework in <xref ref-type="bibr" rid="j_jeb-2017-0016_ref_025_w2aab3b7b4b1b6b1ab1ac25Aa">Kotorri (2015)</xref> is extended where households decide to return to the home country conditional on their migration duration. In the empirical analysis, the Cox proportional hazards model is employed. This analysis is the first to investigate migration duration based on a random sample stemming from the Kosovo census of population conducted in 2011. The findings suggest rather mixed support for the household approach. The hazard to return decreases with income but not nonlinearly. The results indicate that household return migration behaviour is influenced by demographic characteristics, psychic income, and political factors.</abstract>

The probability of return conditional on migration duration: evidence from Kosovo

<abstract xmlns="http://www.w3.org/1999/xhtml">Structural changes taking place in national and regional economy may vary across nations and regions, causing socio-economic differentiation. This research is focused on analysis of the employment structure, its changes and influence on the level of social welfare, and its deepening of economic disparities between Latvian regions. We apply a comparative statistical analysis based on two tools: the Location Quotient and shift-share analysis, using official Latvian statistical data on employment and income with a breakdown by ten groups of economic activities for the period from 2008 to 2016. The obtained results indicate that the changes in the employment structure during the studied period had a noticeable impact on regional differentiation in Latvia. The authors have discovered that although employment concentration varies across Latvian regions, it remains remarkably stable over time, with occasional re-employment shifts occurring not always in the direction of industries providing higher income, which causes further regional socio-economic differentiation in Latvia.</abstract>

Faculty of Engineering Economics and Management

the impact of national economy structural transformation on regional employment and income: the case of Latvia

<abstract xmlns="http://www.w3.org/1999/xhtml">The aim of this paper is to evaluate the individual- and country-level variations in unregistered employment. To analyse whether it is marginalised groups who are more likely to engage in unregistered employment and explain the country-level variations, a 2010 Life in Transition Survey (LiTS) involving 38,864 interviews in 35 Eurasian countries is reported. Multilevel logistic regression analysis reveals that younger age groups, the divorced, and those with fewer years in education, are more likely to be unregistered employed. On a country-level, meanwhile, the prevalence of unregistered employment is strongly associated with tax morale; the greater the asymmetry between informal and formal institutions, the greater is the prevalence of unregistered employment. It is also higher when GDP per capita as well as social distribution and state intervention (subsidies and transfers, social contribution expenditure, health expenditure) are lower. The paper concludes by discussing the theoretical and policy implications.</abstract>

Associate Professor of Entrepreneurship and Small Business

University of Prishtina «Hasan Prishtina»

Professor of Public Policy, Sheffield University Management School (SUMS)

Explaining individual- and country-level variations in unregistered employment using a multi-level model: evidence from 35 Eurasian countries

<abstract xmlns="http://www.w3.org/1999/xhtml">This paper investigates the influence of three types of credit growth on non-performing loans in eleven Central and Eastern European countries during the period from 1999 to 2013. As opposed to previous research on credit risk, we have moved the focus from the usually investigated bank-specific and macroeconomic variables to different types of credit growth from earlier periods. At the same time, the results of this research give answer on the studies before the crisis, which tried to determine the possible consequences of rapid credit growth in the CEE countries. The results indicate that at least two years are necessary for each type of credit growth to increase credit risk. Finally, empirical results confirm the importance of both bank-specific and macroeconomic variables.</abstract>

How did rapid credit growth cause non-performing loans in the CEE Countries?

<abstract xmlns="http://www.w3.org/1999/xhtml">This paper investigates the financial and social efficiency of microfinance institutions (“MFIs”) in Bosnia and Herzegovina, as well as the effects of the latest crisis on these “two-dimensional” efficiencies. Specifically, we analyze the efficiency of MFIs in Bosnia and Herzegovina (BiH) as a good case of a European, post-war country in transition with a developed micro-financial sector. The efficiency analysis relies on secondary data collected and investigated through Data Envelopment Analysis (DEA). The study covers data for the period commencing in 2008 and ending in 2015. In our empirical investigation, we find a suboptimal level of both financial and social efficiency among MFIs in BiH. However, financial efficiency is significantly higher than social efficiency, while small-sized MFIs over perform larger ones in both the financial and social dimensions. As a result of the crisis, MFIs recorded a declining trend in efficiency up to 2010, after which they began to show signs of slow recovery. However, our results suggest that MFIs prioritized financial over social goals in recovery period following the crisis.</abstract>

The social and financial efficiency of microfinance institutions: the case of Bosnia and Herzegovina

AHEAD OF PRINT

Volume 18 (2023): Issue 2 (December 2023)

Volume 18 (2023): Issue 1 (June 2023)

Volume 17 (2022): Issue 2 (December 2022)

Volume 17 (2022): Issue 1 (June 2022)

Volume 16 (2021): Issue 2 (December 2021)

Volume 16 (2021): Issue 1 (June 2021)

Volume 15 (2020): Issue 2 (December 2020)

Volume 15 (2020): Issue 1 (June 2020)

Volume 14 (2019): Issue 2 (December 2019)

Volume 14 (2019): Issue 1 (June 2019)

Volume 13 (2018): Issue 2 (December 2018)

Volume 13 (2018): Issue 1 (June 2018)

Volume 12 (2017): Issue 2 (December 2017)

Volume 12 (2017): Issue 1 (April 2017)

Volume 11 (2016): Issue 2 (December 2016)

Volume 11 (2016): Issue 1 (April 2016)

Volume 10 (2015): Issue 2 (December 2015)

Volume 10 (2015): Issue 1 (April 2015)

Volume 9 (2014): Issue 2 (December 2014)

Volume 9 (2014): Issue 1 (April 2014)

Volume 8 (2013): Issue 2 (November 2013)

Volume 8 (2013): Issue 1 (March 2013)

Volume 7 (2012): Issue 2 (November 2012)

Volume 7 (2012): Issue 1 (April 2012)

Volume 6 (2011): Issue 2 (November 2011)

Volume 6 (2011): Issue 1 (April 2011)

Volume 5 (2010): Issue 2 (November 2010)

Volume 5 (2010): Issue 1 (April 2010)

Volume 4 (2009): Issue 2 (November 2009)

Volume 4 (2009): Issue 1 (April 2009)

Volume 3 (2008): Issue 2 (November 2008)

Volume 3 (2008): Issue 1 (April 2008)

Volume 2 (2007): Issue 2 (November 2007)

Volume 2 (2007): Issue 1 (April 2007)

South East European Journal of Economics and Business

 The South East European Journal of Economics and Businessis a research oriented journal that deals with topics in the field of economics and business, highlighting the transitional economies of South East Europe, and their importance for global economic growth. Our goal is to establish an academic journal in the field of economics and business based on both regional and an international focuses, original articles, rigorous selection, continuous publication and talented authors. The journal does not have article processing charges (APCs) nor article submission charges. Why subscribe and read   High-quality research oriented Journal that deals with topics in the field of economics and business, highlighting the transitional economies of South East Europe;  Excellent articles authored by talented authors from all over the world with perspective on regional economies and business activities, reviewed by prominent reviewers.   Why submit   Fast, fair and constructive double-blind peer review;  Promotion of each published article.   Topics   Accounting and Finance  Banking and Insurance  Business Information Systems  CSR and Sustainability  Economics of Transition  Entrepreneurship  Financial Management  Growth and Development  Human Resources Management  Institutional Economics  International Economics and Business  Marketing Management  Organizational Behavior, Innovations and Competitiveness  Regional Economics and Integration  Strategic Management  Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 