<abstract xmlns="http://www.w3.org/1999/xhtml">Social responsibility has received great authorial comments on making business commitments compensatory for corporate profits and/or rent-seeking in host communities. Unfortunately, that voice remains silent on the fundamental component of business responsibility and its improvement, i.e., governance policy. The paper, consequently, recommends a corporate policy for equitable and compensatory corporate citizenship in local communities. To justify the proposition, three objectives are established: proof that social responsibilities can improve with a governance policy, that authoritative policy represents a crucial change in social initiatives execution, and that policy absence incentivises implementation ineffectiveness and commitments paucity. Triangulation of interviews and survey data through SPSS analysis shows statistically significant coefficients validating the claim that corporate governance policy is an enrichment and facilitator of social responsibilities. The proposed policy framework will not only deliver competitive, scientific, objective, and excellent services but also represent a novel and future academic investigation.</abstract>

Is Corporate Governance Policy a New Paradigm for Social Responsibility? A Research Agenda from Ghana

<abstract xmlns="http://www.w3.org/1999/xhtml">The aim of this paper is to estimate government consumption multiplier and to examine the effect of various characteristics of countries on the size of fiscal multiplier. We apply a panel VAR model following <xref ref-type="bibr" rid="j_ngoe-2019-0002_ref_019_w2aab3b7b2b1b6b1ab1ac19Aa">Ilzetzki et al. (2013)</xref> for a sample of 28 EU countries covering the period from 1995 to 2017. Key findings are, first, the estimated average fiscal multiplier is larger than unity. Second, the size of fiscal multiplier is larger in the cases of lower public indebtedness, for more developed European countries and for more financially open economies, which is also in line with relevant empirical literature. Regarding the role of trade openness, the results are inconclusive. In addition to this, membership of countries in the European integrations positively affects the size of fiscal multiplier. Therefore, fiscal policymakers should use fiscal stimuli as the instrument of boosting short-term economic growth selectively and consider country-specific characteristics. This paper contributes to the ongoing discussion in two ways, it examines the effect of additional characteristics of countries on the size of fiscal multiplier and updates existing empirical literature.</abstract>

Estimation of Government Spending Multiplier in EU Economies

<abstract xmlns="http://www.w3.org/1999/xhtml">Direct sales by farmers gained acceptance in Hungary following the incursion of healthy eating and the enhancement of local economic development efforts. Conducting questionnaire surveys and interviews, our research investigated the means through which locally produced goods reach consumers, e.g., short food supply chains, as well as the farmers’ motivations and the necessary developments. According to the main results, personal direct consumer relations are vital for local farmers; however, advanced sales channels are not popular nor fully developed in Hungary. Only the capital city shows some development here, catalysing and stimulating the domestic market and consumer behaviour. On the other hand, the age structure of local farmers or the lack of knowledge hinder the advent of advanced sales channels. Nevertheless, there is a continuous and immanent need for development in this sector; although, the recent conditions of subsidies unfortunately do not support small scale local farmers.</abstract>

Alexandre Lámfalussy Faculty of Economics

Quo vadis Farmer Sales? The Experience of a Survey in Hungary

<abstract xmlns="http://www.w3.org/1999/xhtml">In light of globalization and modern business, companies are typically exposed to challenges caused by unpredictable and complex competitive environments. The business environment, with global trends and stringent competition in the world market, now faces significant changes that companies should introduce into their current business operations. Among them, the human resource management of knowledge employees has become extremely important. The main aim of this article is to establish the impact of components of knowledge management on work engagement of employees in Slovenian companies. In the empirical part of the research, a sample of 112 Slovenian companies was obtained. Senior managers of companies and their employees were surveyed, using the questionnaire developed based on existing measurement scales. The results will help us to better understand the importance of knowledge management in Slovenian companies and its importance as a business strategy that must be fully integrated within all of the employees’ related processes of the company.</abstract>

Department of Foreign Languages at the Center of International Links and Business

Knowledge Management Components and Their Impact on Work Engagement of Employees

<abstract xmlns="http://www.w3.org/1999/xhtml">The main purpose of this paper is to assess a possible impact millennials will have on the future business environment of Industry 4.0, based on their personal value orientations. Millennials are taking over important roles in organizations, but their personal values are significantly different from those of older generations. This paper shows that, based on the Schwartz’s value survey with <italic>N</italic>=371 Slovenian respondents, millennials are in general more inclined toward values connected to personal growth and freedom from anxiety, emphasizing self-transcendence and openness to change, than toward self-protection and anxiety avoidance, understating conservation and self-enhancement values. These cognitions can have significant implications in shaping the future business environment of Industry 4.0, as it can become more open, understanding, collaborative, accepting, and generally more supporting, thus creating the evident millennials’ effect. Even though millennials are in general well prepared for the future business environment, organizations will have to, in order to retain the millennials, reshape their current organizational environment to better reflect the millennials’ views.</abstract>

The Millennials’ Effect: How Can Their Personal Values Shape the Future Business Environment of Industry 4.0?

AHEAD OF PRINT

Volume 70 (2024): Issue 2 (June 2024)

Volume 70 (2024): Issue 1 (March 2024)

Volume 69 (2023): Issue 4 (December 2023)

Volume 69 (2023): Issue 3 (September 2023)

Volume 69 (2023): Issue 2 (June 2023)

Volume 69 (2023): Issue 1 (March 2023)

Volume 68 (2022): Issue 4 (December 2022)

Volume 68 (2022): Issue 3 (September 2022)

Volume 68 (2022): Issue 2 (June 2022)

Volume 68 (2022): Issue 1 (March 2022)

Volume 67 (2021): Issue 4 (December 2021)

Volume 67 (2021): Issue 3 (September 2021)

Volume 67 (2021): Issue 2 (June 2021)

Volume 67 (2021): Issue 1 (March 2021)

Volume 66 (2020): Issue 4 (December 2020)

Volume 66 (2020): Issue 3 (September 2020)

Volume 66 (2020): Issue 2 (June 2020)

Volume 66 (2020): Issue 1 (March 2020)

Volume 65 (2019): Issue 4 (December 2019)

Volume 65 (2019): Issue 3 (September 2019)

Volume 65 (2019): Issue 2 (June 2019)

Volume 65 (2019): Issue 1 (March 2019)

Volume 64 (2018): Issue 4 (December 2018)

Volume 64 (2018): Issue 3 (September 2018)

Volume 64 (2018): Issue 2 (June 2018)

Volume 64 (2018): Issue 1 (March 2018)

Volume 63 (2017): Issue 4 (December 2017)

Volume 63 (2017): Issue 3 (September 2017)

Volume 63 (2017): Issue 2 (June 2017)

Volume 63 (2017): Issue 1 (March 2017)

Volume 62 (2016): Issue 4 (December 2016)

Volume 62 (2016): Issue 3 (September 2016)

Volume 62 (2016): Issue 2 (June 2016)

Volume 62 (2016): Issue 1 (March 2016)

Volume 61 (2015): Issue 6 (December 2015)

Volume 61 (2015): Issue 5 (October 2015)

Volume 61 (2015): Issue 4 (August 2015)

Volume 61 (2015): Issue 3 (June 2015)

Volume 61 (2015): Issue 2 (April 2015)

Volume 61 (2015): Issue 1 (February 2015)

Naše gospodarstvo/Our economy

 Naše gospodarstvo/Our economy – Journal of Contemporary Issues in Economics and Business (NGOE) is a quarterly, double-blind peer reviewed international scientific journal, focusing on economics and business sciences. Scientific articles and review papers provide new insights into the research topics of both disciplines. The journal aims to provide a venue for high quality theoretical and empirical articles that significantly contribute to the disciplines of economic and business sciences.   NGOE promotes particularly the publication of articles that address issues in the following areas of economics and business sciences: Business Economics, Economic Growth and Development, Economic Policy, Economic Theory, Econometrics and Statistics, Financial Economics, History of Economic Thought, International Economics, Labour Economics, Political Economy, Public Finance, Social Policy, Social Economics, Sustainable Economics, Accounting, Auditing, Banking and Finance, Change Management, Corporate Law, Corporate Social Responsibility, Crisis Management, Decision Making, Education Management, Entrepreneurship, Ethics in Business, Health Management, Human Resource Management, Information Management, Innovation Management, International Business, Logistics and Supply Chain Management, Marketing, Operations Management, Organizational Behaviour, Organizational Development, Portfolio Management, Product Development Management, Production Management, Project Management, Public Administration, Risk Management, Services Management, Strategic Management, Systems Theory, Taxation, Tourism Management, Sustainable Business.   Why Subscribe and Read   The articles published in NGOE aim to synthesise and integrate the advanced knowledge of economics and business research, to promote the enrichment and integration of ideas among the areas of economics and business sciences.   Why Submit   Published continuously since 1955, NGOE is moving towards higher publication standards and we have taken important steps towards reaching global readership. We maintain a rapid review and publication process. The double-blind peer review process takes between five and seven weeks on average.   Publication Charges   There is no article processing charges (APC) nor article submission charges.   Peer review process   The aim of the peer review process is to ensure that high-quality and original research is published. All articles published in the Journal of Contemporary Issues in Economics and Business Naše gospodarstvo/Our Economy (NGOE) are peer-reviewed and all papers submitted follow the procedure outlined below.   Initial paper evaluation   All papers submitted for publication consideration in NGOE are first evaluated by the Editor-in-Chief. Papers which fall outside the aims and scope of the journal or fail to meet the requirements of a scientific research will either be rejected at this initial point or returned to the author for revision. Papers are never accepted by the Editor-in-Chief without the reports of two reviewers, at least.   Plagiarism checking   Papers that pass the initial evaluation stage are subject to a similarity/plagiarism scanning by using a plagiarism screening program. Any paper with a similarity percentage (excluding references) greater than 25 % will be rejected. Manuscripts that pass the initial evaluation stage and have a similarity rate below 25 % proceed to the referee process. All submitted papers are subject to anti-plagiarism control in the iThenticate system.   Peer review   NGOE employs double-anonymous reviewing, where both the referee and author remain anonymous throughout the process.   Instructions for reviewers   The primary objective of the reviewer's evaluation is to provide sufficient and unambiguous answers to the following questions and also recommendations for possible changes and improvements to the paper:    does the title match the subject of the paper and does the subject of the paper correspond with the area of interest of the journal (according to "Aims and Scope"),   is the Abstract correct, i.e. short but presenting the main results of the researches and conclusions based on these results,   does the Introduction present the subject and the objective of the researches correctly,   are the implemented methods used properly and is the research material sufficient,   are the results described, analyzed, commented on and presented correctly, without repetitions of data in tables and diagrams,   is the discussion presented correctly, based on actual knowledge and with the use of properly chosen scientific literature (as recent as possible),   do the conclusions generalize the obtained results and provide recommendations, which are appropriately prepared on the basis of results and are not merely the repetition of those results,   does the paper introduce new and interesting information and does it have sufficient impact and add to the knowledge base.    The formal evaluation of the paper should include answers to the following questions:    whether the layout and contents of tables and graphs is readable and convenient for recipients   is the information in tables not repeated in graphs and vice versa,   are there no reservations about the length of the paper, its linguistic correctness, the method of citation of the literature and usage of units, etc.?    Reviewers' evaluation   Papers are sent to at least two reviewers assigned by the Editor-in-Chief or Co-editor. The reviewers are chosen according to their expertise. Reviewers are asked to evaluate the manuscript’s originality, methodology, contribution to the literature, presentation of results and support for the conclusions, and appropriate referencing of previous relevant studies. Reviewers may either recommend accepting the manuscript, rejecting the manuscript or may require a revision for content and/or technical issues. When making a final recommendation, the reviewers should clearly state whether the paper is suitable for publication in journal. In the case of a positive answer, the reviewers indicate whether:    it might be accepted without changes,   it might be accepted after minor changes, suggested by the reviewer in the manuscript or in his/her opinion,   it might be accepted after major changes (please indicate them).    The detailed evaluation criteria are outlined in the Paper Review Form.If the reviews are positive they are sent for the reviews to the corresponding author. For a paper to be accepted for publication, two positive reviews are required. In case one reviewer's report is negative while the other is positive, the paper is forwarded to a third reviewer for additional evaluation. When a revision is required by the reviewer, the author(s) are to consider the critical observations and suggestions offered by the referees, and a revised paper should be submitted within a set deadline, otherwise it will be assumed to have been withdrawn. Reviewers may request more than one revision of a paper.   Final evaluation   Based on the corrected versions of the paper and the answers to the reviews the Editors take the final decision as to whether to publish the paper or not.Proofs are sent to the corresponding author and should be returned within the set deadline.Every year a list of Reviewers collaborating with the Editors of the NGOE is shown on the Journal's website when all four issues of the journal have been sent to print.   The data on society or institution responsible for the journal and the country where it is based:   University of Maribor, Faculty of Economics and Business, Slovenia     Publication Frequency   NGOE is published quarterly.   Plagiarism Prevention Policy   Original unpublished scientific papers which have not been submitted for publication elsewhere can be submitted to NGOE. 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.   Archiving   Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections. 