Mic 2019 Management International Conference Managing Geostrategic Issues Abstracts of the Joint International Conference Organised by • University of Primorska, Faculty of Management, Slovenia • Lomonosov Moscow State University, Moscow School of Economics, Russian Federation • Juraj Dobrila University of Pula, Faculty of Economics and Tourism ‘Dr. Mijo Mirkovic,’ Croatia Opatija, Croatia • 29 May–1 June 2019 MIC 2019: Managing Geostrategic Issues Abstracts Joint International Conference Organised by University of Primorska, Faculty of Management, Slovenia Lomonosov Moscow State University, Moscow School of Economics, Russian Federation Juraj Dobrila University of Pula, Faculty of Economics and Tourism, Croatia Opatija, Croatia • 29 May–1 june 2019 Edited by Suzana Sedmak Suzana Laporšek Matjaž Nahtigal Design and Layout Alen Ježovnik Published by University of Primorska Press Titov trg 4, 6000 Koper, Slovenia Editor in Chief Jonatan Vinkler Managing Editor Alen Ježovnik www.hippocampus.si Koper, Slovenia | May 2019 Management International Conference ISSN 1854-4312 © University of Primorska Press http://www.hippocampus.si/ISBN/978-961-7055-66-5.pdf https://doi.org/10.26493/978-961-7055-66-5 Published under the terms of the Creative Commons CC BY-NC-ND 4.0 License Kataložni zapis o publikaciji (CIP) pripravili v Narodni in univerzitetni knjižnici v Ljubljani COBISS.SI-ID=300160512 ISBN 978-961-7055-66-5 (pdf) Contents Conference Organisers · 4 Welcome Address by the Organisers · 5 Conference Aims and Subject Areas · 6 Programme Boards · 7 Conference Programme · 9 Keynote Speakers · 10 Doctoral Students’ Workshop: Message-Driven Writing · 11 Editors’ Panel · 12 Sessions Managing Geostrategic Issues and Development · 13 Competitiveness and Trade · 14 Issues in Management · 15 Financial Markets, Institutions and Instruments · 16 Labour Market · 17 Innovation and Technology Transfer · 18 Venture Capital · 19 Taxation and Accounting · 20 Tourism · 21 IT Management · 22 Social Welfare · 23 Challenges in Education · 24 Marketing and Social Challenges · 25 Poster Session · 26 Research and Education · 28 Knowledge Management · 29 Agriculture and Economy · 30 Index · 31 3 Conference Organisers The conference is organised by three partner institutions: University of Primorska, Faculty of Management (Slovenia) is a higher education institution for education and research in the fields of social sciences and business management. The Faculty offers undergraduate study programmes in Management, master study programmes in Management, Economics and Finance, and Law for Management, interdisciplinary master study programmes in Sustainable Development Management, Political Science, and Innovation and Entrepreneurship, and doctoral study programme in Management. Beside the study programs leading to a degree the Faculty also offers modules for groups or in-company training from the field of social sciences and business management with interdisciplinary links to economic, business, legal, organisational and behavioural sciences. Lomonosov Moscow State University, Moscow School of Economics (Russian Federation) was founded on April 29, 2004. The mission of Moscow School of Economics is to train highly-qualified specialists who possess profound knowledge of the Russian economy, who are well-acquainted with the ideas and achievements of contemporary schools of economics, who work effectively in highly competitive environments including federal and regional governmental bodies, finance and business companies, the sphere of research and higher education. Juraj Dobrila University of Pula, Faculty of Economics and Tourism ‘Dr. Mijo Mirkovi´ c’ (Croatia) offers all levels of higher education: from undergraduate and graduate studies to postgraduate specialist and doctoral programmes of study. Scientific activities of Faculty includes research in the field of social sciences and organisation of international conferences as well as publishing of international scientific journal Economic Research referred in most important scientific databases. In 2015 Faculty of Economics and Tourism ‘Dr. Mijo Mirković’ started publishing another international scientific journal, Review of Innovation and Competitiveness. 4 Welcome Address by the Organisers We have great pleasure and honour in welcoming you to Opatija, Croatia, to participate in the Management International Conference (MIC) 2019. The traditional MIC Conference is organised as a Joint International Conference. The participating institutions are University of Primorska, Faculty of Management, (Slovenia), Lomonosov Moscow State University, Moscow School of Economics (Russian Federation), and Juraj Dobrila University of Pula, Faculty of Economics and Tourism ‘Dr. Mijo Mirković’ (Croatia). We would like to extend a sincere appreciation to all the participants and presenters for their contributions and participation. This year we received 117 submissions and selected the best 89 papers, and the total number of participants will reach 110 (together with panel discussions and workshops). All abstracts of papers are included in the Book of Abstracts. Authors are invited to submit full papers to the MIC 2019 Conference Proceedings or to the regular or special issues, organised by the MIC supporting journals. The list of the MIC supporting journals is published at the conference’s website. Our deepest gratitude goes to Keynote Speakers, Dr. Anna Visvizi (Deree College – The American College of Greece, Greece) and Dr. Vladimir Gligorov (The Vienna Institute for International Economic Studies, Austria). Our warm welcomes go also to the editors of the supporting journals, participating at the Editors Panel, workshop organisers and to students participating at the Doctoral Students’ Workshop. Last but not least, we extend our sincere thanks to everybody who participated in the programme boards and organisation of the MIC 2019. We wish each of you a very successful conference. Dr. Matjaž Nahtigal Dr. Suzana Laporšek Conference Chairs 5 Conference Aims and Subject Areas The main title of the MIC 2019 is Managing Geostrategic Issues. The rise of the BRICS countries, as well as the rise of many other developing countries, creates new opportunities and challenges for the international community. New opportunities emerge for the new generation of entrepreneurs and innovators from both developed and developing parts of the world. New challenges relate to the issues of energy and climate change, international trade and finance, the future role of international institutions, such as the WTO. New challenges also relate to the rise of populism in many parts of the world as well as to the continuous rise of inequality within many developed and developing countries. The aim of the conference is to address various aspects of managing geostrategic issues, with special focus on the following thematic areas: • management, • economics, • finance, • tourism, • energy and climate, • digitalization and the workplace, • international institutions and development, • trade. 6 Programme Boards Conference Chairs Dr. Suzana Laporšek, University of Primorska, Slovenia Dr. Matjaž Nahtigal, University of Primorska, Slovenia Scientific Committee Dr. Lyubov Babich, Vologda Research Center of the Russian Academy of Sciences, Russian Federation Dr. Cene Bavec, University of Primorska, Slovenia Dr. Štefan Bojnec, University of Primorska, Slovenia Dr. Hani El-Chaarani, Beirut Arab University, Lebanon Dr. Ksenija Černe, Juraj Dobrila University of Pula, Croatia DDr. Imre Fert˝ o, Corvinus University of Budapest, Hungary Dr. József Fogarasi, Research Institute of Agricultural Economics, Hungary, and Partium Christian University, Romania Dr. Mikhail Golovnin, Lomonosov Moscow State University, Russian Federation Dr. Doris Gomezelj Omerzel, University of Primorska, Slovenia Dr. Małgorzata Gotowska, University of Science and Technology, Poland Dr. Rune Ellemose Gulev, Kiel University of Applied Sciences, Germany Dr. Florin Ionita, Bucharest University for Economic Studies, Romania Dr. Anna Jakubczak, University of Science and Technology, Poland Dr. Maria Jakubik, Haaga-Helia University of Applied Sciences, Finland Dr. Pekka Kess, University of Oulu, Finland Dr. Massimiliano Kaucic, University of Trieste, Italy Dr. Danijela Križman Pavlović, Juraj Dobrila University of Pula, Croatia Dr. Atanu Kumar Nath, Western Norway University of Applied Sciences, Norway Dr. Maja Meško, University of Primorska, Slovenia Dr. Victor Polterovich, Lomonosov Moscow State University, Russian Federation Dr. Mitja Ruzzier, University of Primorska, Slovenia Dr. Darina Saxunova, Comenius University in Bratislava, Slovakia Dr. Alexandra Shabunova, Vologda Research Center of the Russian Academy of Sciences, Russian Federation Dr. Cezar Scarlat, University Politehnica of Bucharest, Romania Dr. Marcello Signorelli, University of Perugia, Italy Dr. Dean Sinković, Juraj Dobrila University of Pula, Croatia Dr. Brandon Soltwisch, University of Northern Colorado, USA Dr. Marinko Škare, Juraj Dobrila University of Pula, Croatia Dr. Janez Šušteršič, Re-forma, Research and Development, Ltd., Slovenia Dr. Josu Takala, University of Vaasa, Finland Dr. Giorgio Valentinuz, University of Trieste, Italy Dr. Robert Zenzerović, Juraj Dobrila University of Pula, Croatia 7 Organising Committee MSc. Suzana Sedmak, University of Primorska, Slovenia Staša Ferjančič, University of Primorska, Slovenia Amela Panić, University of Primorska, Slovenia Tin Pofuk, University of Primorska, Slovenia Editorial Office Alen Ježovnik, University of Primorska Press, Slovenia 8 Conference Programme Wednesday, 29 May 2019 18.00–20.00 Registration Thursday, 30 May 2019 08.30–17.00 Registration 09.30–11.00 Concurrent Sessions: Managing Geostrategic Issues and Develop- ment; Competitiveness and Trade; Issues in Management; Financial Markets, Institutions and Instruments 11.00–11.30 Photo Session and Coffee Break 11.30–12.00 Conference Opening (2A) 12.00–13.00 Keynote Speech (2A): Dr. Anna Visvizi, Deree College – The American College of Greece, Greece 13.00–14.30 Lunch 14.30–16.00 Concurrent Sessions: Labour Market; Innovation and Technology Transfer; Venture Capital; Taxation and Accounting 16.00–16.30 Coffee Break 16.30–18.00 Concurrent Sessions: Tourism; IT Management Doctoral Students’ Workshop (Part 1) 19.00–22.00 Conference Dinner Friday, 31 May 2019 08.30–12.00 Registration 08.30–10.00 Concurrent Sessions: Social Welfare; Challenges in Education; Mar- keting and Social Challenges 10.00–11.00 Keynote Speech (2A): Dr. Vladimir Gligorov, The Vienna Institute for International Economic Studies, Austria 11.00–12.00 Poster Session (with Coffee Break) 12.00–13.30 Concurrent Sessions: Research and Education; Knowledge Manage- ment; Agriculture and Economy Doctoral Students’ Workshop (Part 2) 13.30–14.30 Lunch 14.30–16.00 Editors’ Panel (2A) 16.30–18.00 Conference Closing and Farewell Reception Saturday, 1 June 2019 10.00 Trip (the cost of trip is not included in the conference fee) 9 Keynote Speakers Dr. Anna Visvizi Thursday, 30 May 2019 • 12.00–13.00 • 2A Dr. Anna Visvizi, economist and political scientist, editor, research and political consultant with extensive experience in academia and the think-tank sector in Europe and the US. The author of several published works, Dr. Visvizi presented her work across Europe and the US, including Capitol Hill. A practiced team-worker, researcher, analyst and lecturer, Dr. Visvizi’s expertise covers issues pertinent to the intersection of politics, economics and ICT. This translates in her research and advisory roles in such areas as the EMU, Central Europe, international safety and security, multilateralism, as well as smart cities and smart villages, politics of migration, and innovation promotion. In her work, Dr. Visvizi places emphasis on engaging academia, the think-tank sector and decision-makers in dialogue to ensure well-founded and evidence-driven policy-making. Currently, Dr. Visvizi serves as Associate Professor at Deree College-The American College of Greece. Until Decem-ber 2018, Dr. Visvizi was Head of Research at the Institute of East-Central Europe (IESW), Poland. Dr. Vladimir Gligorov Friday, 31 May 2019 • 10.00–11.00 • 2A Dr. Vladimir Gligorov is Senior Research Associate at the WIIW and country expert for Western Balkan countries, especially for Serbia, Montenegro and North Mace-donia. His research focuses on long-term growth in transition countries, macroeco-nomic analysis and financial markets. Vladimir Gligorov has been a regular contrib-utor to Oxford Analytica (Oxford and New York). He has contributed opinion pieces to the Wall Street Journal and writes regular columns for several newspapers and weeklies in Southeast Europe. 10 Doctoral Students’ Workshop: Message-Driven Writing Part 1: Thursday, 30 May 2019 • 16.30–18.00 • 2D Part 2: Friday, 31 May 2019 • 12.00–13.30 • 2D Workshop Facilitators Matija Vodopivec, University of Primorska, Slovenia Dr. Štefan Bojnec, University of Primorska, Slovenia Doctoral Students’ Workshop provides an opportunity for doctoral students, young researchers and postdocs to gain new knowledge and skills on academic writing for publishing scientific papers in international journals. The workshop will be divided in two parts. Dr. Štefan Bojnec will shortly present how to publish in economic and business journals in the first part. In the continuation of the workshop, moderated by Matija Vodopivec, the message-driven writing technique will be discussed with participants – a technique where the main message dictates the structure of the text and its content. This technique is in fact commonly used by experienced researchers, and it will be presented in an accessible, clear and useful manner. Since writing is a creative process, it is always demanding and often frustrating; the workshop will show how this process can be less stressful and more productive. The Doctoral Students’ Workshop will cover the following topics: • How to publish in economic and business journals. • Planning the content: how to formulate the main message, constructing thematic and extended outlines, and the content of individual sections. • Drafting and editing: writing the first draft, revising, editing, and tips on writing paragraphs. • Publishing: what editors seek, selecting journals, and the process of revising. 11 Editors’ Panel Friday, 31 May 2019 • 14.30–16.00 • 2A Editors’ Panel Chair Dr. Maja Meško, University of Primorska, Slovenia In a panel discussion, the editors will be invited to share their views and experience in regard to selection consideration and criteria for a potential publication. The following international journals are going to be presented: • Economic Research/Ekonomska istraživanja, Editor Dr. Marinko Škare • Economic and Social Changes: Facts, Trends and Forecast, Dr. Lyubov Babich • Human Systems Management, Editor Dr. Nada Trunk Širca • International Journal of Management in Education, Editor Dr. Dušan Lesjak • International Journal of Management, Knowledge and Learning, Advisory Editor Dr. Nada Trunk Širca • Management and Production Engineering Review, Oskar Juszczyk • Management, Associate Editor Dr. Maja Meško • Managing Global Transitions, Editor Dr. Maja Meško • Review of Innovation and Competitiveness, Editors Dr. Marinko Škare and Dr. Danijela Križman Pavlović • ToKnowPress – International Academic Publisher, Editor Dr. Nada Trunk Širca 12 Managing Geostrategic Issues and Development Thursday, May 30 • 9.30–11.00 • 2A Session Chair: Joseph A. McKinney Regional Economic Integration in North America and the European Union: Contrasting Lessons Learned Joseph A. McKinney, Baylor University, USA Keywords: regional, economic integration, institutions, North America, European Union Abstract Italo-Russian Relations in Current Geostrategic Settings Mitja Stefancic, University of Primorska, Slovenia Silvio Goglio, University of Trento, Italy Keywords: Italy, Russia, trade and financial exchange, new geostrategic alliances Abstract Does Union Membership Matter? Political Participation, Attachment to Democracy and Generational Change Tom Turner, Lorraine Ryan, and Michelle O’Sullivan, University of Limerick, Ireland Keywords: unions, politics, democracy, authoritarianism, generations Abstract Competitiveness of Business Environment of the Western Balkan Countries Zoran Najdanović, EFFECTUS University College for Finance and Law, Croatia Marijana Žiravac Mladenović, University for Business Engineering and Management, Bosnia and Herzegovina Natalia Tutek, Croatian Post Bank, Croatia Keywords: business competitiveness, doing business, Western Balkan, investing intention Abstract Official Development Assistance as an Economic Instrument of a Small Donor Countries: The Case of Croatia and Slovenia Jana Arbeiter, University of Ljubljana, Slovenia Keywords: Official Development Cooperation, Croatia, Slovenia, economic instrument, foreign policy Abstract 13 Competitiveness and Trade Thursday, May 30 • 9.30–11.00 • 2B Session Chair: Rune Ellemose Gulev Competitiveness of Countries and Its Positive Symbiotic Relationship with Trust Levels, Environmental Performance and Corruption Avoidance Rune Ellemose Gulev, Kiel University of Applied Sciences, Germany Keywords: competitiveness, sustainability, corruption, trust, environment performance Abstract Trade Embargo in Russia: Evaluation of Sanction Imports Substitution Alexander Zaytsev and Valeria Gurieva, Lomonosov Moscow State University, Russia Keywords: agrifood embargo, sanctions, import substitution policy, food industry Abstract Financial Constraints and Firm-Level Exports in Croatia Valerija Botrić, The Institute of Economics, Zagreb, Croatia Keywords: firm-level exports, financial constraints, Croatia Abstract Dynamics of Enterprises in the Slovenian Textile Industry Barbara Jernejčič Dolinar, Faculty of Design, Slovenia Štefan Bojnec, University of Primorska, Slovenia Keywords: dynamics of enterprises, entry of enterprises, exit of enterprises, textile industry, Slovenia Abstract Slovenia in the Coalition S: Nuts and Bolts of the Transitioning Towards Open Science Katarina Krapež, University of Primorska, Slovenia Keywords: innovation and research policy, research outputs, accessibility, quality assurance, quality standards Abstract Concept Mapping for the Energy Market András Herczeg, Corvinus University of Budapest, Hungary Gyula Vastag, Széchenyi University, Hungary Keywords: concept mapping, energy policy, renewables, supply chain management Abstract 14 Issues in Management Thursday, May 30 • 9.30–11.00 • 2C Session Chair: Brandon Soltwisch The Maximizing Entrepreneur: The Impact of Decision-Making Styles on Entrepreneurial Orientation and Intent Brandon Soltwisch and Daniel Brannon, University of Northern Colorado, USA Keywords: maximizing, satisficing, decision making styles, entrepreneurship Abstract Succession of Leadership in a Family Business: The Perspective of Incumbent and Successor Bojan Dolar and Roberto Biloslavo, University of Primorska, Slovenia Keywords: family business, generational succession, leadership transition, strategic perspective Abstract Early Warning Systems: A Risk of Increasing Managerial Myopia? Michele Bertoni and Bruno De Rosa, University of Trieste, Italy Laura Peressin, MIB Trieste School of Management, Trieste, Italy Keywords: early warning systems, crisis, management control systems, diagnostic and strategic measurement of performance, risk management, managerial short-termism Abstract VBM Systems and Firm Performance. The Moderating Effect of Strategic Ambidexterity and Environmental Turbolence Giulio Corazza, Filippo Zanin, and Eugenio Comuzzi, University of Udine, Italy Keywords: value based management systems, firm performance, strategic ambidexterity, environmental turbolence Abstract Recycling Common Materials: Effectiveness, Optimal Decisions, and Coordination Mechanisms Hailong Cui and Greys Sošić, University of Southern California, USA Keywords: OR in environment and climate change, green supply chains, life-cycle analysis, socially optimal recycling, recycling rebates Abstract Integrated Planning of Sales and Delivery – The Key to Cost Optimization Dejan Brcanov and Nebojša Gvozdenović, University of Novi Sad, Serbia Keywords: supply chain management, transportation, two-echelon vehicle routing Abstract 15 Financial Markets, Institutions and Instruments Thursday, May 30 • 9.30–11.00 • 2D Session Chair: Ewa Dziawgo The Impact of the Correlation Coefficient on the Delta-Risk of the Quotient Option Ewa Dziawgo, Kazimierz Wielki University in Bydgoszcz, Poland Keywords: risk management, financial instruments, option Abstract Partial Index Tracking with Maximal Diversification and Sparsity for Equity Portfolio Management: An Application to a Composite Equity Index Massimiliano Kaucic and Giorgio Valentinuz, University of Trieste, Italy Keywords: index tracking, maximal diversification, sparsity, equity portfolio management, composite equity index Abstract Can Public be as Good as Private? Funding Venture Capital in the Post Crises Era Erika Jáki and László Kállay, Corvinus University of Budapest, Hungary Keywords: venture capital, development policy, financing, policy, Europe, Hungary Abstract Customer Value Creation in the Financial Services Industry – A Systematic Review of the Academic Literature Gábor Csepy and Márta Aranyossy, Corvinus University of Budapest, Hungary Keywords: banking, FinTech, customer value, customer equity value creation, word cloud, quantitative content analysis Abstract 16 Labour Market Thursday, May 30 • 14.30–16.00 • 2A Session Chair: Štefan Bojnec The Minimum Wage and Wage Inequality in Slovenia Suzana Laporšek, Milan Vodopivec, and Matija Vodopivec, University of Primorska, Slovenia Keywords: minimum wage, wage distribution, wage inequality, interdecile ratios, Gini coefficient, labor market, Slovenia Abstract Long-Run Firm Responses to Minimum Wage and Employment Protection; Slovenia 2009–2015 Matija Vodopivec, University of Primorska, Slovenia Peter F. Orazem, Iowa State University, USA Milan Vodopivec and Suzana Laporšek, University of Primorska, Slovenia Keywords: minimum wages, severance pay, firm-level responses Abstract Wage – Labour Productivity Causality Comparisons: Croatia and Slovenia Sergej Gričar, University of Novo mesto, Slovenia Violeta Šugar, Juraj Dobrila University of Pula, Croatia Štefan Bojnec, University of Primorska, Slovenia Keywords: tourism, wage, labour productivity, service economy Abstract Train Engine Drivers and Psychosocial Risk Factors Maja Meško, University of Primorska, Slovenia Danica Murko, The Ministry of Infrastructure, Slovenia Keywords: train engine drivers, psychosocial risk factors, professional drivers Abstract 17 Innovation and Technology Transfer Thursday, May 30 • 14.30–16.00 • 2B Session Chair: Mitja Stefancic Effective Protection of Intellectual Property – Legal and Economic Foundations Karen Gladović, University of Primorska, Slovenia Keywords: intellectual property, innovation, socio-economic development Abstract Innovative DMO (Destination Management Organization) as Driving Force of Tourism Tivadar Máhr, University of Pannonia Nagykanizsa Campus, Hungary Zoltán Birkner, National Research, Development and Innovation Office, Hungary Nora Rodek, University of Pannonia Nagykanizsa Campus, Hungary Keywords: innovation, DMO organisation, innovation areas, innovation types Abstract Industry 4.0 as a Challenge for Policy-Makers: The Case of Robotization in Slovenia Tjaša Redek, Barbara Čater, Tomaž Čater, Matej Černe, and Matjaž Koman, University of Ljubljana, Slovenia Keywords: Industry 4.0, robotization, role of economic policy Abstract The Influence of Key Technologies of the Fourth Industrial Revolution on the World Automotive Industry Varvara Mnatsakanova, Lomonosov Moscow State University, Russia Keywords: industrial revolution, automotive industry, technological innovations Abstract Slovenian SMEs’ Innovation for Space: Benefits and Challenges of the Cooperation in Space Missions through European Space Agency Katarina Krapež, University of Primorska, Slovenia Keywords: space innovation, intellectual property, Slovenia, European Space Agency, cluster, SMEs Abstract From University Labs into Companies: Increasing the Scope of Technological Transfer at the University of Primorska Katarina Krapež and Karen Gladović, University of Primorska, Slovenia Keywords: technology transfer, university, research, invention, local economy Abstract 18 Venture Capital Thursday, May 30 • 14.30–16.00 • 2C Session Chair: Erika Jáki Venture Capital’s Value Added Contribution in Technology Development and Commercialization of Clean Technology Companies Shah Rukh Shakeel and Oskar Juszczyk, University of Vaasa, Finland Keywords: venture capital, non-financial value addition, clean technology, commercialization Abstract Venture Capital and Government Involvement – Qualitative Systematic Literature Review and an Agenda for Future Research Endre Mihály Molnár and Erika Jáki, Corvinus University of Budapest, Hungary Keywords: venture capital, government, state, literature review, GVC Abstract Conceptual Framework of the Crowdfunding Success Factors: Review of the Existing Academic Literature Gábor Csepy, Nikolett Kovács, and Erika Jáki, Corvinus University of Budapest, Hungary Keywords: fintech, financial technology, crowdfunding campaign, campaign success, success factors, literature review, conceptual framework Abstract 19 Taxation and Accounting Thursday, May 30 • 14.30–16.00 • 2D Session Chair: Konrad Stolarski Split Payment VAT Collection Mechanisms and Their Impact on the EU Market of Payment Services and Technologies Konrad Stolarski, Cracow University of Economics, Poland Keywords: VAT, split payment, PSD2, payment services Abstract Taxation Aspects of International E-Commerce Ewelina Badura, Cracow University of Economics, Poland Keywords: law, e-commerce, tax Abstract 20 Years in Development of Effective Tax Rates in the Czech Republic (2000–2019) Jaroslava Holečková and Vojtěch Menzl, University of Economics, Prague, Czech Republic Keywords: effective tax rates, tax wedges, tax neutrality, taxable profit Abstract Main Drivers of Management Accounting Concept Evolution in Russia: Global Ambitions vs. Local Way Pavel Lebedev, IEDC Bled School of Management, Slovenia Keywords: management accounting, emerging markets, market institutions Abstract The Influence of Audit and Hospital Council on Financial Statements’ Results in Slovenian Hospitals Tatjana Horvat, University of Primorska, Slovenia Darko Čander, Dr. Adolf Drolc Health Center Maribor, Slovenia Keywords: internal audit, management, financial statements, income statement, hospitals Abstract 20 Tourism Thursday, May 30 • 16.30–18.00 • 2A Session Chair: Darina Saxunova Tourism Analysis – Central European, Eastern European and Middle East Region Corlise Liesl Le Roux, American University in the Emirates, UAE Darina Saxunova, Comenius University, Slovakia Keywords: tourism, causality, economic growth Abstract Urban Touristification and Gentrification in Spanish Cities: Consequences in the Rental Housing Sectors Aitziber Etxezarreta-Etxarri, Julen Izagirre-Olaizola, and Imanol Mozo-Carollo, University of the Basque Country (UPV/EHU), Spain Keywords: touristification, gentrification, rental housing market, public policy Abstract Short-Term Rental as an Example of Sharing Economy in the Light of EU and Member States Regulations Aneta Kaźmierczyk, Cracow University of Economics, Poland Keywords: sharing economy, short-term rental, consumer rights Abstract Pillars of City Spatial Identity as Places with a Great Potential for Sightseeing Routes Integration Melita Rozman Cafuta and Boštjan Brumen, University of Maribor, Slovenia Keywords: tourist management, pillars of spatial identity, mental map, sightseeing routes Abstract Tourism as a Driving Force of Economic Growth Ekaterina Leonidova, Vologda Research Center of the Russian Academy of Sciences, Russia Keywords: tourism, economy, economic growth, input-output model Abstract Rural or Provincial Tourism: Lithuanian Case Raminta Andr˙ eja Ligeikien˙ e and Aldona Vosyli¯ ut˙ e, Kauno Kolegija, Lithuania Keywords: rural tourism, provincial tourism, development possibilities Abstract 21 IT Management Thursday, May 30 • 16.30–18.00 • 2B Session Chair: Zoltan Zakota How IT Makes Company a Better Company Iacopo Cavallini and Giuseppina Iacoviello, University of Pisa, Italy Keywords: management control system, culture, information technology Abstract Internet as a Source of Information and Knowledge: Reality and Prospects Lyubov’ Vasil’evna Babich, Vologda Research Center of the Russian Academy of Sciences, Russia Keywords: knowledge economy, smart-society, smart-education, internet Abstract Technology Management in Governmental Setting: Cases of E-Government Service Adoption in Hungary Marta Aranyossy, Corvinus University of Budapest, Hungary Keywords: technology management, technology acceptance model, e-government adoption, information system value, e-government value Abstract Governance of Legislative Requirements for the Development of Natural Language Processing Tools Inara Opmane, Juris Balodis, and Rihards Balodis, University of Latvia, Latvia Keywords: artificial intelligence regulation, legislation for natural language processing, risk assessment matrix, management of innovation Abstract Difficulties in Measuring the Impact of ICT on Rural Development Zoltan Zakota, Partium Christian University, Romania Keywords: ICT, regional development, ICT indicators, measuring ICT impact Abstract Who Is Shaping Search Engine Results in the Wine Industry? A Cross-Country Analysis Patrizia de Luca, University of Trieste, Italy Andrea Ampò and Pietro Orciuolo, MIB Trieste School of Management, Italy Francesco Venier, University of Trieste, Italy Keywords: search marketing, Google, SERP, SEO, wine Abstract 22 Social Welfare Friday, May 31 • 8.30–10.00 • 2A Session Chair: Antonio Costantini The Swedish Pension System in the Light of the Logical Sustainability Theory Massimo Angrisani, Sapienza Università di Roma, Italy Cinzia Di Palo, Università di Cassino e del Lazio Meridionale, Italy Keywords: Swedish pension system, logical sustainability theory, sustainability indicators Abstract Impact of Population Ageing on the Italian Pension Expenditure Cinzia Di Palo, Università di Cassino e del Lazio Meridionale, Italy Keywords: population ageing, pension systems, sustainability indicators Abstract Anticipated Expansions of Life Expectancy and Their Long-Run Growth Effects Anton Belyakov and Alexey Kurbatskiy, Lomonosov Moscow State University, Russia Prettner Klaus, University of Hohenheim, Germany Keywords: population aging, economic growth, overlapping generations Abstract CSR and Management Control Integration: Evidence from an Employee Welfare Plan Implementation Antonio Costantini, Silvia Panfilo, and Sonia Baggio, University Ca’ Foscari of Venice, Italy Keywords: corporate social responsibility, employee welfare, management control systems, incentives Abstract The Relationship between Corporate Governance and CSR Edit Veres, Partium Christian University, Romania Keywords: CSR, CG, multinational companies Abstract 23 Challenges in Education Friday, May 31 • 8.30–10.00 • 2B Session Chair: Ana Arzenšek Inclusion of Refugees in Italian Schools – Role of Intercultural Competencies of Teachers and of Engagement of Volunteers Aleš Trunk and Augusto Sebastio, Centre for Legal Informatics Studies, Italy Nada Trunk Širca, University of Primorska and International School for Social and Business Studies, Slovenia Keywords: integration of migrant and refugee children in education, volunteering activities, teachers’ competencies Abstract Pathways for Women Aspiring to Principalship in Primary Schools of Kosovo Linda Ukimeraj Harris, University of Ljubljana, Slovenia Anita Trnavčević, University of Primorska, Slovenia Keywords: education leadership and management, women principals, barriers, accession, primary schools Abstract Flow at Work, Work Satisfaction and Big Five Personality Traits Among Slovenian Primary School Teachers Maša Tavčar and Ana Arzenšek, University of Primorska, Slovenia Keywords: flow at work, work satisfaction, extraversion, neuroticism, agreeableness, openness, conscientiousness Abstract Digitalisation of Schools in Europe – New Challenges in the 21st Century Timea Krisztina Ardelean, Partium Christian University, Romania Keywords: digitalisation, education, ICT, infrastructure Abstract 24 Marketing and Social Challenges Friday, May 31 • 8.30–10.00 • 2C Session Chair: Armand Faganel Marketing Strategy in Metal Industry: Case Study Armand Faganel and Aleksander Janeš, University of Primorska, Slovenia Keywords: marketing strategy, supply channels, metal industry, internet, online trade Abstract Consumer Confusion Research – Bibliometric Field Analysis Mila Zečević and Mateja Kos Koklič, University of Ljubljana, Slovenia Keywords: consumer confusion, bibliometric analysis, co-citation Abstract The Role of Ownership and Motivations in Collaborative Consumption Mateja Kos Koklič and Saba Resnik, University of Ljubljana, Slovenia Monika Kukar-Kinney, University of Richmond, USA Keywords: collaborative consumption, ownership, motivations, intention to engage in CC, willingness to pay Abstract Effectiveness of International Virtual Project Teams Małgorzata Marchewka, Cracow University of Economics, Poland Reeta Raina, Fore School of Management, India Keywords: international virtual project teams, project team management, effectiveness of project teams Abstract The Power to Choose or Power to Lose? Networked Individualism and the Usage of Social Media Tadej Praprotnik, University of Primorska, Slovenia Keywords: digital technologies, social media, networked individualism, communication, identity Abstract 25 Poster Session Friday, May 31 • 11.00–12.00 • Conference Lobby Capacity and Competitiveness of Agriculture in the Partium Region, Romania Ferenc Szilágyi, Partium Christian University, Romania Keywords: Partium region, regional agriculture, competitiveness, performance Abstract Human Capital as a Predictor of β-Convergence of Economic Systems Kirill A. Kushnarev, Plekhanov Russian University of Economics, Russia Keywords: economic growth, convergence, divergence, cyclical transition Abstract Assessing the Impact of Public Expenditure Dynamics on Economic and Social Development at the South East Region Level in Romania Cristina Dima and Razvan Catalin Dobrea, The Bucharest University of Economic Studies, Romania Keywords: impact of public expenditure, economic and social development, South-East Region, public authorities Abstract Electronic or Internet Banking: Presence and Trends Dušan Lesjak, University of Primorska and ISSBS, Slovenia Keywords: electronic banking, internet banking, EU countries, ICT, trends Abstract Territorial Correlation Between Innovation and Some Social/Infrastructure Indicators in Central and Eastern European Countries Edith Debrenti and Ferenc Szilágyi, Partium Christian University, Romania Keywords: Visegrad countries, innovation, social indicators, correlation, regression Abstract Review of the Modern Rank of Zero Defect Quality Sergej Gričar, University of Novo mesto, Slovenia Drago Papler, Electro Gorenjska, Slovenia Štefan Bojnec, University of Primorska, Slovenia Keywords: quality management, case study, aircraft industry, ordinary least square Abstract 26 Linking Perceived Service Quality, Perceived Customer Value and Customer Loyalty in Retail Sandra Jelčić and Mirela Mabić, University of Mostar, Bosnia and Herzegovina Keywords: service quality, customer value, customer loyalty, hypermarkets Abstract Strategic Options for Managing Sustainable Business Carmen Valentina R˘ adulescu, Florina Bran, and Sorin Burlacu, The Bucharest University of Economic Studies, Romania Keywords: management, sustainable development, business Abstract The Migration of Health Care Workers from Balkan States to Slovenia – Some Policy and Regulative Concerns Elizabeta Zirnstein, University of Primorska, Slovenia Keywords: health care professionals, health policy, workers mobility, labour market, workers’ migrations, health care legislation, regulated professions, employment Abstract Star Vital Project: Prolongation of Work Activity and Well-Being of Older Workers Klemen Širok and Ana Arzenšek, University of Primorska, Slovenia Keywords: Star-Vital Project, older workers, health promotion, workplace well-being, workplace vitality, management practices Abstract 27 Research and Education Friday, May 31 • 12.00–13.30 • 2A Session Chair: Dušan Lesjak Measuring Impacts of Science and Research: Development, Issues and Solutions Dušan Lesjak, University of Primorska and ISSBS, Slovenia Keywords: science, research, results, impacts, socio-economic impacts, measurement Abstract Do Quality or Quantity of Research Work Walk Hand in Hand with Academic Recognition? Uroš Godnov, University of Primorska, Slovenia Tjaša Redek, University of Ljubljana, Slovenia Keywords: academic career, research output, quality, quantity Abstract The Opportunities and Challenges of Universities in Context of Geostrategic Issues: Case of Latvia Inga Jekabsone, RISEBA University College of Applied Sciences in Business, Arts and Technology, Latvia Keywords: university, geostrategy, geopolitics, Latvia Abstract Chomsky on Education Igor Rižnar, University of Primorska, Slovenia Keywords: education, education reform, education system, indoctrination, learning, teaching Abstract 28 Knowledge Management Friday, May 31 • 12.00–13.30 • 2B Session Chair: Mirela Kljaji´ c-Dervi´ c A New Management Tool to Support Responsible Corporate Governance Nora Rodek, University of Pannonia Nagykanizsa Campus, Hungary Zoltán Birkner, National Research, Development and Innovation Office, Hungary Tivadar Máhr, University of Pannonia Nagykanizsa Campus, Hungary Keywords: management tool, responsible corporate governance, CSR excellence Abstract Institutional Framework for the Knowledge Economy in Developing Countries Matjaž Nahtigal, University of Primorska, Slovenia Keywords: modern knowledge economy, institutional innovations and dissemination of good practices, Central and Eastern Europe, inclusive development Abstract Meta-Competence: You Cannot Do Without It! Christoph Bach and Rozália Sulíková, Comenius University in Bratislava, Slovak Republic Keywords: indirect competence, meta-competence, competence development, competence development measure, competence transfer, transfer competence, action competence Abstract Students Perceptions and Attitudes Towards Teamwork in Business School Education Process Katarina Košmrlj Muha and Suzana Sedmak, University of Primorska, Slovenia Keywords: teamwork, business students, education Abstract Talent Management in Bosnia and Herzegovina Ema Mustajbasic, University of Zenica, Bosnia and Herzegovina Mirela Kljajić-Dervić, University of Bihac, Bosnia and Herzegovina Šemsudin Dervić, Zavod zdravstvenog osiguranja USK-a, Bosnia and Herzegovina Keywords: talent, talent management, talent management model Abstract 29 Agriculture and Economy Friday, May 31 • 12.00–13.30 • 2C Session Chair: Imre Fert˝ o The Growth of Slovenian Farms Štefan Bojnec, University of Primorska, Slovenia Imre Fert˝ o, Kaposvár University, Hungary Keywords: Gibrat’s Law, farm growth, Slovenia Abstract The Growth of Hungarian Farms Zoltán Bakucs, Imre Fert˝ o, József Fogarasi, and Arnold Csonka, Kaposvár University, Hungary Keywords: Gibrat’s Law, farm growth, Hungary Abstract Potential Mussel Farming Development Stages in the Baltic Sea Region Based on Experts’ Survey Zaiga Ozolina and Biruta Sloka, University of Latvia, Latvia Keywords: life cycle, marketing, mussel farming, Baltic Sea Region Abstract The Impact of Climate Change on Ecosystem Services: A Systemic Review József Fogarasi and Enik˝ o Vígh, Research Institute of Agricultural Economics, Hungary, and Partium Christian University, Romania Edit Veres, Partium Christian University, Romania Keywords: climate change, sustainable agricultural production, ecosystem services, cascade levels Abstract 30 Index Ampò, Andrea, 22 Dziawgo, Ewa, 16 Angrisani, Massimo, 23 El-Chaarani, Hani, 7 Aranyossy, Márta, 16, 22 Etxezarreta-Etxarri, Aitziber, 21 Arbeiter, Jana, 13 Faganel, Armand, 25 Ardelean, Timea Krisztina, 24 Ferjančič, Staša, 8 Arzenšek, Ana, 24, 27 Fert˝ o, Imre, 7, 30 Babich, Lyubov, 7, 12 Fogarasi, József, 7, 30 Bach, Christoph, 29 Gladović, Karen, 18 Badura, Ewelina, 20 Gligorov, Vladimir, 5, 10 Baggio, Sonia, 23 Godnov, Uroš, 28 Bakucs, Zoltán, 30 Goglio, Silvio, 13 Balodis, Juris, 22 Golovnin, Mikhail, 7 Balodis, Rihards, 22 Gomezelj Omerzel, Doris, 7 Bavec, Cene, 7 Gotowska, Małgorzata, 7 Belyakov, Anton, 23 Gričar, Sergej, 17, 26 Bertoni, Michele, 15 Gulev, Rune Ellemose, 7, 14 Biloslavo, Roberto, 15 Gurieva, Valeria, 14 Birkner, Zoltán, 18, 29 Gvozdenović, Nebojša, 15 Bojnec, Štefan, 7, 11, 14, 17, 26, 30 Herczeg, András, 14 Botrić, Valerija, 14 Holečková, Jaroslava, 20 Bran, Florina, 27 Horvat, Tatjana, 20 Brannon, Daniel, 15 Iacoviello, Giuseppina, 22 Brcanov, Dejan, 15 Ionita, Florin, 7 Brumen, Boštjan, 21 Izagirre-Olaizola, Julen, 21 Burlacu, Sorin, 27 Jáki, Erika, 16, 19 Čander, Darko, 20 Jáki, Erika, 19 Čater, Barbara, 18 Jakubczak, Anna, 7 Čater, Tomaž, 18 Jakubik, Maria, 7 Cavallini, Iacopo, 22 Janeš, Aleksander, 25 Černe, Ksenija, 7 Jekabsone, Inga, 28 Černe, Matej, 18 Jelčić, Sandra, 27 Comuzzi, Eugenio, 15 Jernejčič Dolinar, Barbara, 14 Corazza, Giulio, 15 Ježovnik, Alen, 8 Costantini, Antonio, 23 Juszczyk, Oskar, 12, 19 Csepy, Gábor, 16, 19 Kállay, László, 16 Csonka, Arnold, 30 Kaźmierczyk, Aneta, 21 Cui, Hailong, 15 Kaucic, Massimiliano, 7, 16 de Luca, Patrizia, 22 Kess, Pekka, 7 De Rosa, Bruno, 15 Kljajić-Dervić, Mirela, 29 Debrenti, Edith, 26 Košmrlj Muha, Katarina, 29 Dervić, Šemsudin, 29 Kolegija, Kauno, 21 Di Palo, Cinzia, 23 Koman, Matjaž, 18 Dima, Cristina, 26 Kos Koklič, Mateja, 25 Dobrea, Razvan Catalin, 26 Kovács, Nikolett, 19 Dolar, Bojan, 15 Krapež, Katarina, 14, 18 31 Križman Pavlović, Danijela, 7, 12 Scarlat, Cezar, 7 Kumar Nath, Atanu, 7 Sebastio, Augusto, 24 Kurbatskiy, Alexey, 23 Sedmak, Suzana, 8, 29 Kushnarev, Kirill A., 26 Shabunova, Alexandra, 7 Laporšek, Suzana, 5, 7, 17 Shakeel, Shah Rukh, 19 Lebedev, Pavel, 20 Signorelli, Marcello, 7 Leonidova, Ekaterina, 21 Sinković, Dean, 7 Lesjak, Dušan, 12, 26, 28 Širok, Klemen, 27 Liesl Le Roux, Corlise, 21 Škare, Marinko, 7, 12 Ligeikien˙ e, Raminta Andr˙ eja, 21 Sloka, Biruta, 30 Máhr, Tivadar, 29 Sošić, Greys, 15 Mabić, Mirela, 27 Soltwisch, Brandon, 7, 15 Máhr, Tivadar, 18 Stanič, Tina, 27 Marchewka, Małgorzata, 25 Stefancic, Mitja, 13 McKinney, Joseph A., 13 Stolarski, Konrad, 20 Meško, Maja, 12, 17 Šugar, Violeta, 17 Menzl, Vojtěch, 20 Sulíková, Rozália, 29 Meško, Maja, 7 Šušteršič, Janez, 7 Mihály Molnár, Endre, 19 Szilágyi, Ferenc, 26 Mnatsakanova, Varvara, 18 Takala, Josu, 7 Mozo-Carollo, Imanol, 21 Tavčar, Maša, 24 Murko, Danica, 17 Trnavčević, Anita, 24 Mustajbasic, Ema, 29 Trunk Širca, Nada, 12, 24 Nahtigal, Matjaž, 5, 7, 29 Trunk, Aleš, 24 Najdanović, Zoran, 13 Turner, Tom, 13 Nograšek, Anja, 27 Tutek, Natalia, 13 O’Sullivan, Michelle, 13 Ukimeraj Harris, Linda, 24 Opmane, Inara, 22 Valentinuz, Giorgio, 7, 16 Orazem, Peter F., 17 Vasil’evna Babich, Lyubov’, 22 Orciuolo, Pietro, 22 Vastag, Gyula, 14 Ozolina, Zaiga, 30 Venier, Francesco, 22 Panfilo, Silvia, 23 Veres, Edit, 23, 30 Panić, Amela, 8 Visvizi, Anna, 5, 9, 10 Papler, Drago, 26 Vodopivec, Matija, 11, 17 Pečar, Živa, 27 Vodopivec, Milan, 17 Peressin, Laura, 15 Vosyli¯ ut˙ e, Aldona, 21 Pofuk, Tin, 8 Zakota, Zoltan, 22 Polterovich, Victor, 7 Zanin, Filippo, 15 Praprotnik, Tadej, 25 Zaytsev, Alexander, 14 R˘ adulescu, Carmen Valentina, 27 Zečević, Mila, 25 Redek, Tjaša, 18, 28 Zenzerović, Robert, 7 Resnik, Saba, 25 Žiravac Mladenović, Marijana, 13 Rižnar, Igor, 28 Zirnstein, Elizabeta, 27 Rodek, Nora, 18, 29 Žunec, Eva, 27 Rozman Cafuta, Melita, 21 Ruzzier, Mitja, 7 Ryan, Lorraine, 13 Saxunova, Darina, 7, 21 32 33 34 35 Management International Conference ISSN 1854-4312 | www.mic.fm-kp.si University of Primorska Press www.hippocampus.si Document Outline MIC2019 Contents Conference Organisers Welcome Address by the Organisers Conference Aims and Subject Areas Programme Boards Conference Programme Keynote Speakers Doctoral Students' Workshop: Message-Driven Writing Editors' Panel Sessions Managing Geostrategic Issues and Development Competitiveness and Trade Issues in Management Financial Markets, Institutions and Instruments Labour Market Innovation and Technology Transfer Venture Capital Taxation and Accounting Tourism IT Management Social Welfare Challenges in Education Marketing and Social Challenges Poster Session Research and Education Knowledge Management Agriculture and Economy Index