<abstract xmlns="http://www.w3.org/1999/xhtml">

This article aims to examine the potential relationship between Brent crude oil futures prices and the index of the European renewable energy companies. After the overview of the European legislation and the most recent literature review on the topic, the article deploys a method of the Vector Autoregressive Model (VAR). The analysis includes weekly data over eight years (2015-2022). Our results indicate a positive correlation between Brent crude oil futures prices and the value of the European Renewable Energy Total Return (ERIX) index. The estimated bivariate VAR model indicates a statistically significant relationship, meaning that past values of the ERIX Index may be used to predict future Brent crude oil prices in the long run. Considering the most recent systemic disturbance in the world’s commodity market, future research should consider longer time series and possible relationships of other macroeconomic factors.
</abstract>

The Relationship Between Oil Prices and Stock Prices of the European Renewable Energy Companies: A Vector Autoregressive Analysis

<abstract xmlns="http://www.w3.org/1999/xhtml">

Based on the results of our research, we have developed a reliable and valid scale for assessing the innovation success of sustainable development practices, with a specific focus on reducing drinking water consumption in the production sector, where so-called industrial water is used (for production, cooling, or both). We found that the assessment of innovation success in sustainable development management practices, specifically aimed at reducing drinking water consumption in the production sector, comprises two dimensions: measuring success in water use innovations and innovative success in water treatment and conservation. The study also found that the assessment of innovation success in sustainable development management practices, particularly focused on reducing drinking water consumption in the production sector, is influenced by reporting on sustainable water management, innovations in organizational systems, innovations in materials and processes for sustainable water use, and analysis with goal setting in water use innovations. This comprehensive analysis provides organizations without established metrics with a tool to identify potential areas for improvement, thereby enhancing ecological methods and increasing production efficiency.
</abstract>

Validating a Scale for Innovation in Sustainable Water Management in the Manufacturing Sector: A Slovenian Study

<abstract xmlns="http://www.w3.org/1999/xhtml">

This article presents the findings of a survey conducted in Slovenia, encompassing a random sample of 275 enterprises, to analyze the factors influencing the transition to an agile approach, the AI-supported organizational culture, AI-enabled workload reduction, and AI-enabled performance enhancement in small and large enterprises. The study investigates whether there are statistically significant differences between small and large enterprises in Slovenia regarding these aspects. These findings provide valuable insights into the distinct perspectives and priorities of small and large enterprises in Slovenia regarding agility and the adoption of AI technologies. The results highlight areas where small businesses may need additional support or targeted strategies to fully leverage the benefits of agility and AI. Policymakers and industry leaders can utilize these findings to promote tailored approaches that enhance agility and facilitate effective AI integration in both small and large enterprises, ultimately contributing to the growth and competitiveness of the Slovenian business landscape.
</abstract>

Agility and Artificial Intelligence Adoption: Small vs. Large Enterprises

<abstract xmlns="http://www.w3.org/1999/xhtml">

This article investigates the impact of a liberal migration policy that increases labour quotas by 5% on wages and income of residents, native migrants, and new migrants. The article focuses on the impact of migration in 21 areas, with particular attention given to Slovakia and Germany. It is based on data collected from the Global Trade Analysis Project database and the experimental design by Walmsley, Ahmed, and Parsons, with adjustments to capture current global migration flows. The findings indicate that the immigration of new unskilled workers negatively impacts the real wages of unskilled residents, decreasing them by almost 3%, while the arrival of skilled workers increases them by 0.73%. Similarly, the real wages of skilled residents decrease by 2.62% due to the arrival of new skilled migrants, while unskilled migration results in its increase by 0.53%. These findings can aid policymakers in developing policies that maximize the benefits of migration. This research provides new insights into the wage effects of migration in different areas, focusing on Germany and Slovakia.
</abstract>

Wages and Income Impacts of a Liberal Migration Policy: An Experimental Study

<abstract xmlns="http://www.w3.org/1999/xhtml">

The empirical link between education and consumption varies depending on contextual factors. Some studies have sought to find out the relationship between education and environmental concerns. Evidence shows that education levels might significantly impact environmental actions. Still, some research indicates that the influence of education might not considerably affect green attitudes or depend on various contextual factors. This study explores whether the education level of Croatian consumers influences their attitudes toward environmental care, recycling, and waste disposal. It aims to determine whether there exists a statistically significant difference in attitudes among consumers with varying levels of education. By exploring this relationship, the article aims to shed light on the potential role of education in shaping consumers’ environmentally friendly behaviours. By addressing this research gap and examining the specific case of Croatia, the article aims to contribute to the broader understanding of how education influences environmental consciousness and action, ultimately contributing to global efforts for a more sustainable future.
</abstract>

University of Applied Sciences Burgenland

Does the Education Level of Consumers Influence Their Recycling and Environmental Protection Attitudes? Evidence From Croatia

<abstract xmlns="http://www.w3.org/1999/xhtml">

Employees’ different levels of entrepreneurial work are likely to be associated with varying levels of knowledge and intentions in a country. This leads the current paper to argue how entrepreneurial work by employees influences employees’ approach to running their businesses in India and Slovenia. Random samples of employees in India and Slovenia were surveyed from 2012 to 2019 by Global Entrepreneurship Monitor. The current study emphasized the significant role of entrepreneurial work by employees in their potential to become independent entrepreneurs, albeit with differences between India and Slovenia. Our main theoretical contribution is bridging the gap between dynamic capability and entrepreneurial work by employees at the macro level in India and Slovenia. Additionally, the study provides practical suggestions for Indian policymakers and Slovenian owners/managers.
</abstract>

Employees’ Entrepreneurial Work and Intention to Become Independent Entrepreneurs: A Comparison of India and Slovenia

AHEAD OF PRINT

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

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

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

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

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

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

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

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

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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)

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

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

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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. 