<abstract xmlns="http://www.w3.org/1999/xhtml"> This study examined the influence of government corporate tax policy on the performance of 54 randomly selected listed companies that cut across 17 categories of non-financial in Nigeria over a period of 1990-2002. Using Generalised Method of Moment (GMM) and contrary to the expectation, the study found positive1 relationship between corporate tax policy and the output performance of quoted manufacturing firms in Nigeria. This may be an indication that government revenue from corporate tax was judiciously expended on productive government expenditure most especially in Lagos State as virtually all the selected manufacturing firms have their main base in Lagos State. The study therefore recommended that Federal Government should either minimize or totally remove tax incentives, tax waivers and tax holidays to some manufacturing firms in Nigeria.</abstract>

Government Tax Policy and Performance of Listed Manufacturing Firms in Nigeria: Evidence from Dynamic Panel Data Model

<abstract xmlns="http://www.w3.org/1999/xhtml"> This paper studies dynamic interdependence between economic growth, tourism, and inequalities in income and wealth in a small open economy. We build the dynamic model in an integrated Walrasian-general equilibrium and neoclassical-growth theory for a small open economy with multiple sectors and heterogeneous households in a perfectly competitive economy. The economy consists of one service sector which supplies non-traded services and one industrial sector which produces traded goods. We treat wealth accumulation and land distribution between housing and supply of services as endogenous variables. We show that the motion of the economy with J types of households is given by J nonlinear differential equations. We simulate the motion of the system with three groups of households. We also conduct comparative dynamic analysis with regards to the rate of interest, the price elasticity of tourism, the global economic condition, and the rich class’ human capital, and the rich class’ propensity to consume housing.</abstract>

Economic Growth and Inequality with Tourism in an Integrated Walrasian-General Equilibrium and Neoclassical-Growth Theory

<abstract xmlns="http://www.w3.org/1999/xhtml"> Changes in understanding and interpretation of decision-making processes have shed more light on complex interplay given the different settings, and different actors. The limitations in human decision-making and their significance and long-term implications on organizational management or policy making inspired a large body of evidence and research. Exploration of decision-making processes spans over decades, and is closely connected to the role of power; the amount of power in organizations is usually joined by the knowledge and prior experience, which together play a significant role in decision-making process, as well in selection of candidates for the job. However, there is an evident void concerning publications on decision-making processes in academic institutions, and it rapidly becomes the focus of interest due to a specific opposition contained in its core; positions of high level administrators are held by the university professors with no mandatory previous experience and/or knowledge in organisational management.</abstract>

Organisational Decision-Making and Academic Institutions

<abstract xmlns="http://www.w3.org/1999/xhtml"> The idea that working capital management impacts profitability and risk of a company is generally accepted and in last 10-15 years has acquired a substantial interest. Accordingly, from the aspect of the measure of efficiency of working capital management, the objective of this paper is to evaluate working capital management impact on profitability of Croatian software companies. This impact was examined using descriptive and correlation as well as panel regression analysis for six-year period (2008-2013). The results show that after controlling for characteristics of the company and macroeconomic conditions working capital management significantly affects the profitability of Croatian software firms. Moreover, the results imply the existence of a nonlinear, concave quadratic relationship between the net working capital and return on assets. This suggest the existence of an optimal level of net working capital that balances costs and benefits and maximizes profitability of analysed companies.</abstract>

The Impact of Working Capital Management on Profitability of Croatian Software Companies

<abstract xmlns="http://www.w3.org/1999/xhtml"> The concept of sustainable development has undergone various developmental phases since its introduction. The historical development of the concept saw participation of various organizations and institutions, which nowadays work intensely on the implementation of its principles and objectives. The concept has experienced different critiques and interpretations over the time while being accepted in different areas of human activity, and the definition of sustainable development has become one of the most cited definitions in the literature. In its development, the concept has been adapting to the contemporary requirements of a complex global environment, but the underlying principles and goals, as well as the problems of their implementation, remained almost unchanged. Still, some goals have been updated, and the new goals were set. These goals are united in the framework of the Millennium Development Goals 2015 which outline the challenges that humanity has to fight not only to achieve sustainable development but to survive on Earth as well.</abstract>

The Concept of Sustainable Development: From its Beginning to the Contemporary Issues

<abstract xmlns="http://www.w3.org/1999/xhtml"> A standard method to evaluate new features and changes to e.g. Web sites is A/B testing. A common pitfall in performing A/B testing is the habit of looking at a test while it’s running, then stopping early. Due to the implicit multiple testing, the p-value is no longer trustworthy and usually too small. We investigate the claim that Bayesian methods, unlike frequentist tests, are immune to this “peeking” problem. We demonstrate that two regularly used measures, namely posterior probability and value remaining are severely affected by repeated testing. We further show a strong dependence on the prior probability of the parameters of interest.</abstract>

Are Multi-Armed Bandits Susceptible to Peeking?

<abstract xmlns="http://www.w3.org/1999/xhtml"> In this paper we first present some developed theories of financing that firms might accord with in their development stages. The framework, assumptions and predictions of the capital structure of firms in each theory is shown. Afterwards, crowdfunding, as a fairly new source of financing that is increasing significance, is described and is differentiated on the basis of the type of return on investment for the outside investors. In recent literature there have been models that introduce crowdfunding in the framework of financing firms through their life cycle stages. We point the difficulty of encompassing crowdfunding in the mentioned models because of characteristics that are unique to it from the perspective of the investor and the firm. While it is not surprising that crowdfunding is used in development stages, these characteristics make it difficult to construct a model of financing firms that has traditional means of financing and crowdfunding.</abstract>

Crowdfunding in a Context of Financing Firms Through Their Life Cycle

Sanda Renko and Blaženka Knežević (Editors): Trade Perspectives in the Context of Safety, Security, Privacy and Loyalty

Bruce A. Blonigen and Wesley W. Wilson (Editors): Handbook of International Trade and Transportation

AHEAD OF PRINT

Volume 26 (2023): Issue 2 (November 2023)

Volume 26 (2023): Issue 1 (May 2023)

Volume 25 (2022): Issue 2 (November 2022)

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Volume 25 (2022): Issue s1 (December 2022) Special Conference Issue

Volume 24 (2021): Issue s1 (December 2021) Special Conference Issue

Volume 24 (2021): Issue 2 (November 2021)

Volume 24 (2021): Issue 1 (May 2021)

Volume 23 (2020): Issue 2 (November 2020)

Volume 23 (2020): Issue s1 (December 2020) Special Conference Issue

Volume 23 (2020): Issue 1 (May 2020)

Volume 22 (2019): Issue 1 (May 2019)

Volume 22 (2019): Issue s2 (December 2019) Special Conference Issue

Volume 22 (2019): Issue s1 (March 2019)

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Volume 21 (2018): Issue s1 (December 2018)

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Volume 21 (2018): Issue 1 (May 2018)

Volume 20 (2017): Issue s1 (April 2017)

Volume 20 (2017): Issue 2 (November 2017)

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Volume 19 (2016): Issue 1 (May 2016)

Volume 19 (2016): Issue s1 (December 2016) Special Conference Issue

Volume 19 (2016): Issue 2 (November 2016)

Volume 18 (2015): Issue 2 (November 2015)

Volume 18 (2015): Issue 1 (May 2015)

Zagreb International Review of Economics and Business

 ZIREB is an international journal of economics and business. It covers wide range of topics in macroeconomics, microeconomics, management, marketing and tourism. In general, it delivers relevant scientific research in the field of economics and business and offers empirical insights on current economic development and political economy issues as well as on current developments in marketing, tourism and management research.  ZIREB is edited by Faculty of Economics and Business in Zagreb and it is managed by a team of academic researchers from universities all over the world.  ZIREB is published as a semiannual journal by the Faculty of Economics and Business in Zagreb. The first issue was published in May 1998. Every two years ZIREB is published three times a year. This Special Conference Issue consists of selected papers presented at the international conference "An Enterprise Odyssey" which is hosted by Faculty of Economics and Business.  Why subscribe and read ZIREB is an economics and business journal directed at scientific and academic researchers who are interested in new insights and research methods in the field of economics and business. The journal welcomes research on topics related to respective countries or on regionally relevant topics. Furthermore, professional papers, short papers, review articles and book reviews are also welcome.  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. 