Mic 2018 Management International Conference Managing Global Diversities 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 Mirković,’ Croatia • Association for the Study of East European Economies and Cultures, USA • Society for the Study of Emerging Markets, USA Bled, Slovenia • 30 May–2 June 2018 MIC 2018: Managing Global Diversities 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, Croatia Association for the Study of East European Economies and Cultures, USA Society for the Study of Emerging Markets, USA Bled, Slovenia | 30 May–2 June 2018 Edited by Suzana Sedmak Suzana Laporšek Matjaž Nahtigal Matic Novak Patricia Blatnik 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 2018 Management International Conference ISSN 1854-4312 © University of Primorska Press http://www.hippocampus.si/ISBN/978-961-7023-90-9.pdf 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=295025920 ISBN 978-961-7023-90-9 (pdf) Contents Conference Organisers · 4 Welcome Address by the Organisers · 5 Conference Aims and Subject Areas · 6 BIFOCAlps: Policy Development of Factories of the Future in the Alpine Space Area · 7 Programme Boards · 9 Conference Programme · 11 Keynote Speech: Winners and Losers After 25 Years of Transition · 13 Keynote Speech: The New Management Paradigm · 14 Workshop: Culture, Change, and Leadership · 15 Doctoral Students’ Workshop: Message-Driven Writing · 16 Tutorial: Validating a Decision Making Method · 17 Editors’ Panel: Ensuring the Accessibility of Scientific Communication · 18 Sessions Managing Global Diversities 1 · 19 Financial Markets, Institutions and Instruments · 20 Corporate Governance · 21 Tourism 1 · 22 Digital Society 1 · 23 Managing Global Diversities 2 · 24 Environmental Challenges 1 · 25 Human Resources · 26 Market Pricing and Insurance · 27 Digital Society 2 · 28 Organisation, Globalisation and Management Studies · 29 Knowledge Management · 30 Tourism 2 · 31 Transport and Infrastructure · 32 Managing Global Diversities 3 · 33 Public Finance · 34 Higher Education · 35 CSR and Leadership · 36 Environmental Challenges 2 · 37 Poster Session · 38 Agricultural Economics · 41 Marketing · 42 Entrepreneurship · 43 Education · 44 International Finance · 45 Labour Market · 46 Index · 47 3 Conference Organisers The conference is organised by five 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. Association for the Study of East European Economies and Cultures (USA) publishes Eastern Europe Economics, which focuses on original research on the newly emerging economies of Central and Eastern Europe, with coverage of the ongoing processes of transition to market economics in different countries, their integration into the broader European and global economies, and the ramifications of the 2008– 9 financial crisis. Society for the Study of Emerging Markets (USA) was founded to promote research and publication about emerging market economies and to provide a way for academics, policy makers, and members of the business community to exchange views and share information and research about emerging markets. The Society spon-sors the journal Emerging Markets Finance and Trade (EMFT), which is recognized worldwide for the quality and timeliness of the research on emerging markets that it publishes. The Society also cooperates with its regional affiliates and allied organisations in other countries to promote its objectives, and holds international meetings and conferences that are devoted to issues relevant to emerging markets, many organised in cooperation with leading universities and research institutions as well as with regional partners. 4 Welcome Address by the Organisers We have great pleasure and honour in welcoming you to Bled, Slovenia, to participate in the Management International Conference (MIC) 2018. 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), Juraj Dobrila University of Pula, Faculty of Economics and Tourism ‘Dr. Mijo Mirković’ (Croatia), Association for the Study of East European Economies and Cultures (USA) and Society for the Study of Emerging Markets (USA). We are hosting a special event at the MIC 2018 – the BIFOCAlps international conference, entitled Policy Development of Factories of the Future in the Alpine Space Area. We are pleased to welcome the BIFOCAlps attendees and invite both MIC and BIFOCAlps participants to attend all the events announced in the joint conference programme. We would like to extend a sincere appreciation to all the participants and presenters for their contributions and participation. This year we received 183 submissions and selected the best 135 papers from authors from 27 countries, and the total number of participants will reach 185 (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 2018 Conference Proceedings or to the MIC 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. Peter Orazem (Iowa State University, USA) and Dr. Marjan Svetličič (University of Ljubljana, Slovenia). 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 2018. 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 2018 is Managing Global Diversities. The processes of globalization in the area of international trade, international finance, international labour and environmental standards are at the crossroads. In the present institutional arrangement the current processes of globalization leave behind large parts of the population, workers, entrepreneurs, local and regional communities not only in the developing, but also in the developed parts of the world. The main challenge and the main theme of the conference is therefore, how to address the persistent global imbalances and how to manage global and regional diversities in such a way to secure more inclusive and more sustainable socio-economic development in the future. The varieties and diversities of institutional models, suitable to the potential and comparative advantages of different regions and countries around the world, can offer more balanced, inclusive and sustainable development in the future. It can address the problem of persistent structural imbalances of the world economy. Global-markets do not presuppose identical institutional and policy arrangements in all the diverse member states and their regions around the world. Different institutional arrangements stem from different traditions and decision-making processes. The world trade regime should not stall further development of various institutional arrangements. The international regulatory framework in trade, finance, investments and other areas is not necessarily incompatible with the diverse institutional structures of the member states. Its main goal is to prevent global race to the bottom in labor, tax, social and environmental standards. 6 BIFOCAlps: Policy Development of Factories of the Future in the Alpine Space Area BIFOCAlps International Conference is organised as a parallel conference to the MIC 2018. BIFOCAlps and MIC participants are welcome to attend all the events announced in the joint conference programme. Thematic event on policy development will take place in Bled (Slovenia) where all relevant stakeholders, especially decision makers will be involved in order to discuss policy strategies and motivation tools for SMEs to join digitalization processes in FoF (Roundtable 1) as well as competences/skills of the employees which FoF will require in the future (Roundtable 2). BIFOCAlps project is tackling a common challenge to many Alpine Space (AS) regions; due to globalisation, many enterprises in manufacturing sector are not as competitive as anticipated on global markets, resulting in increased levels of unemployment, abandoned facilities and remaining plants that need new products and new processes. On the other hand, AS area can pride itself with a strong R&D sector and knowledge of Industry 4.0 and Factory of the Future (FoF) technologies. BIFOCAlps main objective is to boost collaboration and synergies among main actors of the AS innovation system for a sustainable, smart and competitive development of the manufacturing value chain towards the FoF. The main outputs will be (1) a map of the sector on a transnational level, to understand existing and potential best practices, technologies and competences along the value chain; (2) a validated methodology for enhancing FoF long-term sustainability through innovation and knowledge transfer among business, academic and policy actors, and (3) guidelines of strategic actions for influencing policy agenda based on the impact indicator system, to monitor and allow evaluation of performance in line with harmonisation of S3. PPs and target groups are relevant stakeholders in the field of Industry 4.0 and FoF, which are involved in the policy-making, in the FoF research field and directly in manufacturing value chain, hence mostly participate and benefit from project activities and outputs. The innovative approach integrates a ‘bifocal’ view (consider-ing both up- and down-stream value chain) and the transversal competences of the business, research and policy actors at transnational level. It will allow to gather best case scenarios of the AS and to integrate and implement them in the validated methodology, which will build on previous results and will be transferable at cross-national and cross-sectoral level, aiming to connect value chain and boost competitiveness of the whole AS in the long term. Project title: Boosting innovation in factory of the future value chain in the Alps Lead partner: Pordenone Technology Centre (Italy) Project partners: University of Udine (Italy), Fraunhofer Austria Research GmbH (Austria), Technology Park Ljubljana Ltd. (Slovenia), National Research Council of Italy (Italy), Vorarlberg University of Applied Sciences (Austria), Soča Valley Development Centre (Slovenia), bwcon GmbH (Germany), Italian-German Chamber of Commerce Munich-Stuttgart (Germany), Grenoble Institute of Technology (France), ViaMéca (France) 7 Total project duration: 1 November 2016–31 October 2018 Total project costs: 1.619.240 EUR Web Page: www.alpine-space.eu/projects/bifocalps/en/home This project is co-financed by the European Regional Development Fund through the Interreg Alpine Space programme. 8 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. Josef Brada, Arizona State University, USA 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. Tullio Gregori, University of Trieste, Italy 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 Ms. Eva Kras, International Society for Ecological Economics, Canada Dr. Danijela Križman Pavlović, Juraj Dobrila University of Pula, Croatia Dr. Ali Kutan, Southern Illinois University Edwardsville, USA Dr. Atanu Kumar Nath, Western Norway University of Applied Sciences, Norway Dr. Margherita Pagani, EMLYON Business School, France Dr. Kongkiti Phusavat, Kasetsart University, Thailand 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 William 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. Goran Vukšić, Institute of Public Finance, Croatia 9 Dr. Adam Zaremba, Poznań University of Economics, Poland Dr. Robert Zenzerović, Juraj Dobrila University of Pula, Croatia Organising Committee MSc. Suzana Sedmak Staša Ferjančič MSc. Matic Novak Dr. Patricia Blatnik Tin Pofuk Ksenija Štrancar Rian Bizjak Editorial Office Alen Ježovnik, University of Primorska Press, Slovenia 10 Conference Programme Wednesday, 30 May 2018 18.00–20.00 Registration Thursday, 31 May 2018 08.30–17.00 Registration 09.30–10.00 Conference Opening (Arnold) 10.00–11.00 Keynote Speech: Winners and Losers After 25 Years of Transition (Arnold) Dr. Peter Orazem, Iowa State University, USA 11.00–11.30 Photo Session and Coffee Break 11.30–13.00 Concurrent Sessions: Managing Global Diversities 1; Financial Mar- kets, Institutions and Instruments; Corporate Governance, Tourism 1; Digital Society 1 Workshop: Culture, Change, and Leadership – Using Simulations and Cases to Prepare Current and Future Leaders and Professionals for Our Diverse Global Community, Dr. Jerry Glover (Zrak) 13.00–14.00 Lunch (Conference Hotel Restaurant) 14.30–16.00 Concurrent Sessions: Managing Global Diversities 2; Environmental Challenges 1; Human Resources; Market Pricing and Insurance; Digital Society 2 16.00–16.30 Coffee Break 16.30–18.00 Concurrent Sessions: Organisation, Globalization and Management Studies; Knowledge Management; Tourism 2; Transport and Infras- tructure Doctoral Students’ Seminar (Part 1): Message-driven Writing – A Technique for Bringing Order to the Creative Process, Matija Vodopivec, Dr. Štefan Bojnec (Straža 5) 19.00–22.00 Conference Dinner (Panorama Hall, Grand Hotel Toplice) Friday, 1 June 2018 08.30–12.00 Registration 08.30–10.00 Concurrent Sessions: Managing Global Diversities 3; Public Fi- nance; Higher Education; CSR and Leadership; Environmental Chal- lenges 2 Tutorial: Validating a Decision Making Method Basing on Technol- ogy and Knowledge Priorities for Sustainable Strategies for Innova- tive Start-Ups, Dr. Josu Takala (Straža 5) 10.00–11.00 Keynote Speech: Managing Global Diversities – Challenges Ahead (Arnold) Dr. Marjan Svetličič, University of Ljubljana, Slovenia 11.00–12.00 Poster Session (with Coffee Break) (Conference Hotel Lobby) 12.00–13.30 Concurrent Sessions: Agricultural Economics; Marketing; En- trepreneurship; Education; International Finance; Labour Market 11 Doctoral Students’ Seminar (Part 2): Message-driven Writing – A Technique for Bringing Order to the Creative Process, Matija Vodopivec (Straža 5) 13.30–14.30 Lunch (Conference Hotel Restaurant) 14.30–16.00 Roundtable with Editors: Ensuring the Accessibility of Scientific Communication, moderator Dr. Katarina Krapež (Arnold 1) 16.00–18.00 Conference Closing, Invitation to MIC 2019, and Farewell Reception (Arnold 1 and Conference Hotel Terrace) Saturday, 2 June 2018 09.00–16.00 Trip to Ljubljana (the cost of trip is not included in the confer- ence fee) BIFOCAlps Programme Thursday, 31 May 2018 08.30–09.30 Registration 09.30–13.00 Opening of the MIC Conference, Keynote Speech and Concurrent Sessions 13.00–14.00 Lunch 14.00–17.10 The BIFOCAlps Project: Presentation of main activities, outputs and deliverables – Massimiliano Bertetti, Polo Tecnologico, Pordenone 14.10–14.25 Presentation of main activities, outputs and deliverables in WPT4 – Dr. Borut Likar s.p. (external expert for WPT4) 14.25–14.45 Overview of EU policies on FoF (manufacturing sector) 14.45–16.15 Round Table 1: Policy strategies and motivation tools for SMEs to join digitalization processes in FoF Round table participants: Tanja Mohorič, Automotive Cluster of Slovenia, Hidria Holding d.o.o., Slovenia; Dr. Igor Kovač, Jožef Ste- fan Institute, Slovenia; Franco Scolari, Polo Tecnologico di Porde- none, Italy; Jaka Žorž, Genis d.o.o., Slovenia 16.15–17.45 Round Table 2: Managing digital transformation (required compe- tences/skills of the employees in the market) Round table participants: Dr. Andrej Kos, Faculty of Electrical Engi- neering, University of Ljubljana, Slovenia; Dr. Aleš Hančič, TECOS – Slovenian Tool and Die Development Centre, Slovenia; Dr. Richard Messnarz, I.S.C.N. GesmbH, Austria; Dr. Alenka Braček Lalić, IEDC – Bled School of Management, Slovenia 19.00 Dinner at Grand Hotel Toplice Friday, 1 June 2018 08.30–09.00 Registration 09.00–13.30 Thematic sessions of MIC conference 13.30–14.30 Lunch 12 Winners and Losers After 25 Years of Transition Thursday, 31 May 2018 • 10.00–11.00 • Arnold Keynote Speaker Dr. Peter Orazem, University Professor of Economics at Iowa State University, USA Orazem and Vodopivec (1995) published one of the first analyses of wages and employment during the early transition to market. Using Slovenian administrative data, they found that while employment and real wages fell dramatically immediately after the transition, the losses were borne disproportionately by the least skilled. Across all sectors of the economy, relative wages and employment rose for the most-educated and most skilled workers. Women gained in comparison with men, primarily because men were employed in mining and heavy industry, sectors that lost markets in transition. Wage inequality rose. The findings for Slovenia were replicated across most of the economies that abandoned central planning in that era. Now that a generation has passed since the transition, this talk will revisit the win-ners and losers from the Slovenian transition from the perspective of 25 years. Have returns to experience and education continued to favor the most skilled, have women continued to benefit more than men, and has inequality continued to grow or has it moderated? How did wage growth over a career under the market-oriented system compare to wage growth of workers who had their early work-experiences under the old system? Finally, how broadly or narrowly have the gains or losses from the market reforms been distributed through the workforce? 13 The New Management Paradigm: Impact Value and Resiliency Friday, 1 June 2018 • 10.00–11.00 • Arnold Keynote Speaker Dr. Marjan Svetličič, Professor Emeritus at University of Ljubljana, Faculty of Social Sciences, Slovenia The main challenge in the increasingly inter-dependent world is to recognize that the world has fundamentally changed, that tectonic changes are under way while we don’t really know where we are going. Almost the only certainty is that we are living in a VUCA world, world of increasing vulnerability, uncertainty, complexity and ambiguity. Dealing with an unknown is becoming a new normal. In more and more digitalized economy we are facing tremendous security threats. This is the first set of global diversity issues. The main challenge in the increasingly inter-dependent world is to recognize that the processes of globalization are not universally and automatically beneficial to all the participants. Globalization only emphasize VUCA trends spreading them instantly all around the globe. One uncertainty is whether globalization will evolve further or backlash to it because of unequal distribution of its benefits and costs, will bring about deglobalization. Economic nationalism and protectionism, leading to trade wars and destroying decades of efforts in building global rule based system is under threat. The rise of nationalism and populism in many different parts of the world requires new answers how to adequately compensate the excluded part of population in developed and developing countries. The retreat to protectionism, populism and nationalism cannot offer solutions to the real problems of unbalanced, unequal and unsustainable global developments. How to face such tectonic changes, such global diversities is the main challenge for politicians, managers and academics. Existing development strategies based on consumerism model, causing shocking environmental problems, have not produced good results in the past. After crises return to ‘more of the same’ is not the solution. Rising inequalities became a barrier to growth. Productivity is falling. More flexible and long term strategies are needed, less jumping from one ‘fire to another’ more policy space for locally adjusted strategies, more policy space for national govern-ments. Emerging new world (Pax Sinica or more multilaterally based system) as a result of such tectonic changes make the world more cross culturally diverse. The major new customers are in the future going to come from Asia middle class. Increasing importance of cultural diversity demands enhancing cross cultural competencies, together with other soft skills (communications, negotiations . . .) so much lacking now. It demands new kind of managers and skills, and not least, more political economy approach. 14 Culture, Change, and Leadership: Using Simulations and Cases to Prepare Current and Future Leaders and Professionals for Our Diverse Global Community Thursday, 31 May 2018 • 11.30–13.00 • Zrak Workshop Facilitator Dr. Jerry Glover, USA A critical need exists for leaders and other professionals to develop world views and practices which enable them to work with change, cultural differences, and the global community. Professional education and training needs to address the practical realities of our contemporary world. This workshop illustrates how simulations and cases are means for educating and training leaders to work with culture, change, and leadership in our global community. A framework for understanding and making sense of global diversity and international management will be demonstrated. Simulations and cases provide learning situations in which practical realities of leadership may be understood, analyzed, and managed. This workshop will discuss and demonstrate three simulations developed and applied in leadership, professional education, and training. The simulations involve: (1) a tourist destination making decisions about preserving the environment and culture in local communities; (2) multi-national colonists creating an organizational culture for a Mars space colony; and (3) HR executives developing a system for motivating and rewarding employees in an international corporation. The relevance of the simulations, how to use them, and examples of cases and applications will be presented. Jerry Glover, PhD., has been a consultant and advisor in over 150 change and development initiatives around the world. As an educator and trainer, he has developed leadership and professional programs in culture, change, and leadership for over three decades. His most recent book, with Harris Friedman, Transcultural Competence: Navigating Cultural Differences in the Global Community, is published by American Psychological Association Books (2015). Jerry is an Emeritus Board Member of International Society for Organizational Development and Change. He was the program director and professor of the Masters’ in Organizational Change at Hawaii Pacific University for thirty years. Currently he is a developer of education and training programs in cultural competency, change and development, and leadership in three universities and numerous corporations. Educators, researchers, students, and leaders from all disciplines may wish to attend. 15 Doctoral Students’ Workshop: Message-Driven Writing Part 1: Thursday, 31 May 2018 • 16.30–18.00 • Straža 5 Part 2: Friday, 1 June 2018 • 12.00–13.30 • Straža 5 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. 16 Tutorial: Validating a Decision Making Method Basing on Technology and Knowledge Priorities for Sustainable Strategies for Innovative Start-Ups Friday, 1 June 2018 • 8.30–10.00 • Straža 5 Tutorial Facilitator Dr. Josu Takala, University of Vaasa, Finland Technological changes is one of the drivers of competition, it can also affect the industry structure. As Porter (1985) mentioned, technology is not important for its own sake, it is important if it can help firms to reduce their cost or differentiate their products and services from their competitors. Knowledge is also very close to technology. It has root in Greek language and it means knowing how to do something. Barney (2001) introduced sustainable competitive advantage as a resource based theory believing that the critical factors for firms’ success exist in the firm itself in terms of its resources and capabilities. Considering the resource based theory, knowledge and technology are firms’ resources and can help companies to achieve opportunities. The notion of technology and knowledge as a strategic resource in technology driven business and high tech starts-up is even more important. Considering the effect of technology and knowledge on sustainable competitive advantage and resource allocation, firms are facing one important question: how they should de-cide about technology investment to gain higher competitive advantages. There are three types of technology: basic, core and spearhead technology and how they are defined depends on which stage a technology is in its life cycle. Basic technology is referring to the technology that is not the most critical for the business and could be outsourced. Core technologies include technologies that bring competitive advantages and enable the company to grow. And spearhead technology focuses mainly on future. The goal of our research work is to introduce a model which helps company to pri-oritize their technology and knowledge needs and can guarantee their sustainable competitive advantages. 17 Editors’ Panel: Ensuring the Accessibility of Scientific Communication Friday, 1 June 2018 • 14.30–16.00 • Arnold 1 Roundtable Moderator Dr. Katarina Krapež, University of Primorska, Slovenia The contemporary scientific community faces significant challenges in balancing the interests of the stakeholders in academic journal publishing: scientists/researchers (as authors, editors, and reviewers), publishers, libraries (and derivatives, e.g. repos-itories, on-line archives), and the general public. When comparing either market share or the number of reputable journals a small group of commercial conventional publishers dominate the market. In the last 30 years, the price of subscriptions to scientific journals in print and electronic versions has significantly increased, forc-ing libraries to reduce the volume of subscriptions. The revolt against publishers’ oligopoly has resulted in the emergence of alternative journal publication models (open, hybrid). However, the tendency towards open science has been somewhat overshadowed by the rise of predatory publishers. By offering almost unlimited publication space, coupled with little or non-existent quality assurance protocols (i.e. editorial checks, peer review), these publishers have taken advantage of the academic ‘publish or perish’ paradigm. Consequently, the academic community’s call for a fundamental worldwide reform of the scholarly communication system has never been louder. In a panel discussion the editors will be invited to share their views and experience in regard to: • The choice of the publication model of the journal (open, closed, hybrid) and its implications for a scientific community as a whole (and its individual members). • Opportunities and risks of the digitalization of the scientific journals (in relation to the openess of the content). • Ways to accelerate a global shift towards accessible and transparent scholarly communication. The roundtable is intended for all who are interested in behind the scenes happen-ings in editorial boards of scientific journals. Useful tips can expect both young authors as well as experienced writers or editors. The following international journals are going to be presented: • Economic Research/Ekonomska istraživanja, Editor Dr. Dean Sinković • International Journal of Management, Knowledge and Learning, Advisory Editor Dr. Nada Trunk Širca • Review of Innovation and Competitiveness, Dr. Dean Sinković • Journal of the New Economic Association/Zhournal Novoi Ekonomicheskoi Asso-ciacii, Deputy Editor-in-Chief Dr. Mikhail Yu Golovnin • Management and Production Engineering Review, Guest Editor Dr. Josu Takala • Management, Editor Dr. Štefan Bojnec • Managing Global Transitions, Editor Dr. Maja Meško • ToKnowPress – International Academic Publisher, Editor Dr. Nada Trunk Širca 18 Managing Global Diversities 1 Thursday, 31 May 2018 • 11.30–13.00 • Arnold 1 Session Chair: Ines Kersan-Škabi´ c Technical and Non-Tariff Barriers against European Union Countries Janez Rogelj, Ministry of Economy, Slovenia Štefan Bojnec, University of Primorska, Slovenia Keywords: barriers to trade, technical barriers, non-trade barriers, trade frame, World Trade Organization Abstract The Drivers of GVC Participations in the EU Member States Ines Kersan-Škabić, Juraj Dobrila University of Pula, Croatia Keywords: global value chains, backward and forward participation, EU Abstract Import Substitution Processes in Russia: Methodology of Assessment and First Results Alexander Zaytsev, Lomonosov Moscow State University, Russian Federation Keywords: import substitution policy, industry analysis, food industry Abstract Competition in the Global Market: Diversity Versus Market Protection Caspar von der Crone, University of Sopron, Hungary Markus Mau, Wyższa Szkoła Gospodarki, Poland Nicole Mau, University of Sopron, Hungary Keywords: production diversity, production costs, market protection, global trade, standards Abstract Impact of Foreign Investments, Institutions and Infrastructure on the Economic Growth in the Western Balkans Countries Goran Popović and Stanko Stanić, University of Banja Luka, Bosnia and Herzegovina Ognjen Erić, Krajinapetrol J.S.C, Bosnia and Herzegovina Keywords: Western Balkans, economic growth, FDI, infrastructure, institutions, panel analysis, VAR model Abstract Russo-German Economic Interdependence: Technology Transfer Andrei-Viorel T˘ atar, Babe¸ s-Bolyai University Cluj Napoca, Romania Keywords: technology transfer, Russian Federation, governance, Germany, business environment Abstract 19 Financial Markets, Institutions and Instruments Thursday, 31 May 2018 • 11.30–13.00 • Arnold 2 Session Chair: Igor Stubelj Delta Coefficient of the Floating-Strike Lookback Call Option Ewa Dziawgo, Nicolaus Copernicus University in Toruń, Poland Keywords: risk management, financial instruments, option Abstract Application of Artificial Neural Network in Risk Management Roman Kachalov, Yulia Sleptsova, and Yan Shokin, Dubna State University, Russian Federation Keywords: enterprise risk management, artificial neural networks Abstract Implementation of the Risk Premium Model for the Required Return of Equity Estimation Igor Stubelj and Suzana Laporšek, University of Primorska, Slovenia Keywords: cost of capital, Capital asset pricing model – CAPM, Risk premium model, required rate of return Abstract Strategies for Managing Risk and Diversification in a Passive Investment Perspective by the Use of Selected ETFs Listed on the Italian Stock Exchange Massimiliano Kaucic and Giorgio Valentinuz, University of Trieste, Italy Keywords: risk-based strategy, diversification distribution, multi-asset allocation, ETF portfolios Abstract Study of Performance Comparison Between Islamic and Conventional Banking in Syria Faeyzh Barhoom, Kaposvár University, Hungary Keywords: Islamic banks, conventional banks, Syrian crisis, performances of banks Abstract Financial Conditions and Monetary Policy in Uruguay: An MS-VAR Approach Elizabeth Bucacos, Banco Central del Uruguay, Uruguay Keywords: switching-regression models, investment, financial markets and the macroeconomy, Uruguay Abstract 20 Corporate Governance Thursday, 31 May 2018 • 11.30–13.00 • Voda Session Chair: Tomasz Sło´ nski The Impact of Corporate Sustainability Performance on Financial Performance of Banking Industry Tomasz Słoński, Karolina Daszyńska-Żygadło, and Anna Dziadkowiec, Wrocław University of Economics, Poland Keywords: corporate sustainability performance, banking sector performance, financial performance, sector analysis, Tobin’s q, P/E ratio Abstract Competition Policy towards Business Groups in Korea Kyoung-Youn Na, Construction & Economy Research Institute of Korea, Korea Sang Won Yoon, Southern Conneticut University, USA Taek-Han Yoon, Korea Development Institute, Korea Chang-Ho Yoon, Korea University, Korea Keywords: unfair intra-group transactions, precedents of the Supreme Court of Korea, decisions of Korea Fair Trade Commission, Heckman sample selection model Abstract Underpricing Effect of Companies Transferred from the Alternative to the Main Market: The Case of Poland Dorota Podedworna-Tarnowska, SGH Warsaw School of Economics, Poland Keywords: IPO, stock market, investment decisions, underpricing Abstract Does Ownership of Banks in the CEE Countries Matter? Matjaž Nahtigal, University of Primorska, Slovenia Keywords: bank ownership structure, Central and Eastern Europe, corporate governance, variety of institutional financial models Abstract Committee Structure in Corporate Governance of Companies Listed on the Budapest Stock Exchange István Bartók, University of Sopron, Hungary Keywords: corporate governance, organisation, management, abstract Abstract 21 Tourism 1 Thursday, 31 May 2018 • 11.30–13.00 • Straža 5 Session Chair: Ige Pırnar Shades of Dark Tourism on Social Media: A Qualitative Analysis on Instagram Duygu Çelebi and Metehan ˙I˘ gneci, Yasar University, Turkey Keywords: special interest tourism, dark tourism, attractions, social media, marketing Abstract Culture Tourism and the Role of Tour Guides in Improvement Ige Pırnar, Yasar University, Turkey Sinem Kurtural, Guzel Izmir Hotel, Turkey Keywords: culture tourism, tourist guides, culture tourists, protection of culture Abstract Poachers to Protectors: The Transformation Process of Local Communities to Protect the Ecotourism Destination Towards Sustainability Harshavardhan Reddy Kummitha, Kaposvár University, Hungary Keywords: communities, ecotourism, sustainability, transformation process Abstract Evidence of Tourism Industry Led Employment: The Case of Slovenia Laura Južnik Rotar and Sergej Gričar, University of Novo Mesto, Slovenia Štefan Bojnec, University of Primorska, Slovenia Keywords: employment, time-series, Slovenia Abstract 22 Digital Society 1 Thursday, 31 May 2018 • 11.30–13.00 • Straža 3 Session Chair: Maciej Czaplewski State of Development of the Digital Society in Poland and Slovenia in Comparison with the EU Average Maciej Czaplewski, University of Szczecin, Poland Keywords: digital society, Poland, Slovenia, EU Abstract Digital Natives in the Digital World Viktorija Florjančič, University of Primorska, Slovenia Łukasz Wiechetek, Maria Curie-Skłodowska University, Poland Keywords: digital economy, digital literacy, business school students, ICT skills, comparison study, curriculum development Abstract High Expectations: Where Does the Race for GDPR Lead Us To? Florin Ionita, Bucharest University for Economic Studies, Romania Dan Ionita, University of Twente, The Netherlands Darko Shuleski, Bucharest University for Economic Studies, Romania Keywords: EU Digital Single Market, EU Data Protection Reform, e-Privacy Regulation, GDPR, general strategy Abstract Towards SME’s Competitive Advantage in the Light of GDPR Benjamin Lesjak, University of Primorska, Slovenia Keywords: GDPR, General Data Protection Regulation, competitive advantage, trust, confidence, transparency, research Abstract 23 Managing Global Diversities 2 Thursday, 31 May 2018 • 14.30–16.00 • Arnold 2 Session Chair: Natalia Moysa The Parental Gender Preference across Europe: Comparison of Two Alternative Explanations Sergii Maksymovych, CERGE-EI, Czech Republic Zurab Abramishvili, Tbilisi State University, Georgia William Appleman, CERGE-EI, Czech Republic Keywords: gender preference, material deprivation Abstract Economic Integration of Immigrants by Overcoming Employment and Payment Inequalities: Comparative Analysis of British and French Muslim Communities Natalia Moysa, Lomonosov Moscow State University, Russian Federation Keywords: immigration, Europe, Muslims communities, economic integration of immigrants, employment, labour market, income, ethnic and religious minorities Abstract Inclusion of Roma and Migrant Children in Schools: Project RoMigSc as a Case Study Nada Trunk Širca, University of Primorska and International School for Social and Business Studies, Slovenia Valerij Dermol, International School for Social and Business Studies, Slovenia Alexander Krauss, Institut für sozialwissenschaftliche Beratung GmbH, Germany Keywords: disadvantaged groups, social inclusion in schools, project RoMigSc Abstract 24 Environmental Challenges 1 Thursday, 31 May 2018 • 14.30–16.00 • Zrak Session Chair: Danila Djoki´ c The Influence of Climate Change on Hungarian Agricultural Ecosystem Services József Fogarasi, Research Institute of Agricultural Economics, Hungary, and Partium Christian University, Romania Enik˝ o Zita Vígh, Research Institute of Agricultural Economics and Kaposvár University, Hungary Krisztina Miskó, Research Institute of Agricultural Economics, Hungary Keywords: climate change, sustainable agricultural production, ecosystem services Abstract Circular Economy on the Example of the Waste Industry in the European Union Countries Małgorzata Gotowska and Anna Jakubczak, University of Science and Technology, Poland Keywords: circular economy, waste, waste industry Abstract Different Ways of Environmental Issue Management by Active Citizens in Hungary Adrienn Reisinger and Katalin Bándy, Széchenyi István University, Hungary Keywords: active citizens, social participation, environmental issues, management Abstract Linking Strategy, Environmental Uncertainty and the Use of Balanced Scorecard: How Do They Affect Performance? Antonio Costantini, Cà Foscari University of Venice, Italy Keywords: strategy, perceived environmental uncertainty, balanced scorecard, performance Abstract Greenwashing on Food Market as Seen by Young Consumers from Certain European Countries Małgorzata Gotowska and Anna Jakubczak, University of Science and Technology, Poland Keywords: greenwashing, corporate social responsibility, consumer social responsibility, sustainable development Abstract Regulation of the Competences and Responsibilities of Participants in Sustainable Development of the World Danila Djokić, University of Primorska, Slovenia Keywords: sustainable development, competences, soft law Abstract 25 Human Resources Thursday, 31 May 2018 • 14.30–16.00 • Voda Session Chair: Cem Berk The Effect of Work-Life Balance on Organizational Commitment of Accountants Cem Berk, Istanbul Arel University, Turkey Fatih Gundogmus, FE Auditing and Certified Public Accounting Ltd., Turkey Keywords: work-life balance, organizational commitment, accounting profession Abstract Agency, Temporary or Permanent Employment? The Study of Rationale of Slovenian Companies for the Use of Temporary Agency Work Tjaša Redek and Mojca Bavdaž, University of Ljubljana, Slovenia Keywords: agency work, corporate attitudes towards temporary/agency employment, qualitative analysis Abstract Social Capital and Models of Employability Matejka Letnar and Klemen Širok, University of Primorska, Slovenia Keywords: social capital, model of employability, employability Abstract Human Resource Development System in the Selected Company Jindřich Fuka and Ladislav Rolínek, The University of South Bohemia, Czech Republic Keywords: human resource development, employee development, competencies, systematic development Abstract The Condition for the Development and Sustainability of Successful Human Resources Management in the Enterprise Mirela Kljajić-Dervić, University of Bihać, Bosnia and Herzegovina Šemsudin Dervić, European University of Brčko District, Bosnia and Herzegovina Keywords: human resources management, management, employee, development Abstract Motivating by Flexibility: Which Role Plays the Companies Culture Rozáliá Suliková and Nadja Meyer, Comenius University in Bratislava, Slovakia Keywords: flexibility, motivation, companies culture Abstract 26 Market Pricing and Insurance Thursday, 31 May 2018 • 14.30–16.00 • Straža 3 Session Chair: Zoltán Bakucs Empirical Tests of Warranty Theories in the German Automobile Market Ede Lázár, Sapientia Hungarian University of Transylvania, Romania Keywords: management, warranty theories, demand models Abstract Electricity Price Structure and Drivers of Electricity Consumption in Slovenian Households Štefan Bojnec, University of Primorska, Slovenia Drago Papler, Gorenjska Electricity, Slovenia Keywords: electricity market for households, demand function, elasticity, Slovenia Abstract Drivers of Income Risk in Hungarian Agriculture Zoltán Bakucs, CERS-HAS and Corvinus University of Budapest, Hungary Imre Fert˝ o, CERS-HAS and Kaposvár University, Hungary Keywords: income risk, governmental support, financial immobility, farm size, Hungary Abstract The Role of Underwriting in Motor Insurance Ilona Tomaszewska, SGH Warsaw School of Economics, Poland Keywords: underwriting, motor insurance, referrals, policy, risk Abstract Vinculation of Insurance Policy Alojz Klaneček, Primit d.o.o., Slovenia Keywords: vinculation, insurance claims, mortgage, vinculation clause Abstract 27 Digital Society 2 Thursday, 31 May 2018 • 14.30–16.00 • Straža 5 Session Chair: Uroš Godnov The Possibility of Using Alternative Currencies in Function of Development of the City of Zadar Mladen Rajko, Ivica Zdrilić, and Danijel Jukić, University of Zadar, Croatia Keywords: alternative currencies, local community, city of Zadar, local currency, time credits Abstract PREON Institute: A Case Study of Crypto Certification Marko Vidnjevič, Alma Mater Europaea – ECM, Slovenia Keywords: cryptocurrency, Initial Coin Offering (ICO), First Worldwide ICO Standardisation Platform Abstract Application of Technical Analysis Tools in Cryptocurrency Trading Slobodan Slović, Visoka škola za ekonomiju i upravu, Serbia Keywords: cryptocurrency, technical analysis, crypto exchanges, digital assets, moving averages Abstract Unanticipated Rise of Virtual Currencies: Ripple Aylin Erdo˘ gdu, Istanbul Arel University, Turkey Keywords: virtual currencies, Bitcoin, Ripple, digital currencies, crypto currencies, distributed ledger, Ripple consensus process Abstract An Analysis of Real-Estate Ads in Slovenia Uroš Godnov, University of Primorska, Slovenia Tjaša Redek, University of Ljubljana, Slovenia Keywords: real-estate, advertising, price-variation Abstract Why Do People Tweet About Foreign Cricketers? A Content Analysis of Fans’ Tweets in Pakistan Super League (PSL) Shahid Nawaz and Ali Hasaan, Islamia University Bahawalpur, Pakistan Keywords: athlete brand, twitter, cricket, sport marketing Abstract 28 Organisation, Globalisation and Management Studies Thursday, 31 May 2018 • 16.30–18.00 • Zrak Session Chair: Joseph A. McKinney The Impact of Human Resource Development on Employee Performance and Organizational Effectiveness: An Empirical Study Mohanad Ali Kareem and Cecília Mezei, Kaposvár University, Hungary Keywords: human resource development, employee performance, organizational effectiveness Abstract Economic Transitions Resulting from Globalization and Technological Change Joseph A. McKinney, Baylor University, USA Keywords: globalization, technological change, economic transition Abstract Why is Power not a Part of Scientific Research in Business Studies? Christoph Bach and Rozáliá Suliková, Comenius University in Bratislava, Slovakia Keywords: organisations, power, governance, informal side of a company, formal side of a company, corporate ethics Abstract Workplace Friendship: Advantages and Challenges Katja Sehur and Klemen Širok, University of Primorska, Slovenia Keywords: workplace friendship, employee engagement, friendship maintenance difficulty, abstract Abstract Organizational Values as the Basis for Business Excellence Ivan Malbašić, University of Zagreb, Croatia Bruno Belužić, Vindija Ltd., Croatia Nikolina Posarić, University of Zagreb, Croatia Keywords: organizational values, business excellence, Kanji’s business excellence model, organizational performance, ‘Yum! Brands’ Company Abstract 29 Knowledge Management Thursday, 31 May 2018 • 16.30–18.00 • Arnold 2 Session Chair: Maria Jakubik Practice Ecosystem of Knowledge Co-Creation Maria Jakubik, Haaga-Helia University of Applied Sciences, Finland Keywords: practice ecosystem, ontology and epistemology of becoming, knowledge and knowing, knowledge co-creation Abstract Knowledge Transfer: Difficulties of Implementing Entrepreneurship in Eastern Europe Andrei-Viorel T˘ atar and Ioan Chiril˘ a, University of Babe¸ s-Bolyai, Romania Keywords: entrepreneurship, Eastern Europe, Moldova, Ukraine, knowledge transfer Abstract Do Network Position of Firms Increase the Firms’ Innovation Performance in the Industrial Clusters? Evidence from Turkey Gökhan Önder and Cemil Ulukan, Anadolu University, Turkey Keywords: industrial clusters, social network analysis, Heckman selection model Abstract Social Capital as a Motive of Employee’s Knowledge Sharing in Family Firms Ravindra Hewa Kuruppuge, Ales Gregar, and Ladislav Kudláček, Tomas Bata University in Zlin, Czech Republic Keywords: employee’s behavior, family firms, knowledge sharing, social capital, Sri Lanka Abstract Knowledge Flow Performance of University-Industry Innovation Network in Strategic Emerging Industry Cluster Lirong Jian, Nanjing University of Aeronautics and Astronautics, China Keywords: strategic emerging industry cluster, University-Industry Innovation Network, GERT network, knowledge transfer effect measurement Abstract Quo Vadis Welder Company? Examination and Development from the View of Lean Fruzsina Magda Pankotay, University of Sopron, Hungary Keywords: management, lean, SMEs Abstract 30 Tourism 2 Thursday, 31 May 2018 • 16.30–18.00 • Voda Session Chair: Ana ˇ Cui´ c Tankovi´ c Hosts and Guests’ Satisfaction: Measuring and Managing Socio-Cultural Encounters in Tourism Jerry Glover, Author and Consultant, USA Kim Barker, Cleary University, USA Zachary Glover, Florida Institute of Technology, USA Keywords: hosts, guests, socio-cultural encounters, cultural differences, applied research Abstract Investigating Exhibitors’ Selling and Non-Selling Motivation towards Traditional Festivals Ana Čuić Tanković, Lorena Bašan, and Jelena Kapeš, University of Rijeka, Croatia Keywords: exhibitors, traditional festivals, motivation Abstract Trust in Sharing Economy: Evidence from Hungary Georgina Görög, University of Kaposvár, Hungary Keywords: sharing economy, trust, Airbnb, festival season Abstract Smart Organisation: Organisational Characteristics of Innovative Touristic Organisations Tivadar Máhr, Zoltán Birkner, and Nóra Rodek Berkes, University of Pannonia, Hungary Keywords: innovation, TDM organisation, innovation areas, types of innovation Abstract 31 Transport and Infrastructure Thursday, 31 May 2018 • 16.30–18.00 • Straža 3 Session Chair: Tin Pofuk ICT and Transport Infrastructure Development Kyoung-Yun Na, Construction & Economy Research Institute (CERIK), Korea Sang Won Yoon, Southern Connecticut State University, USA Donghyun Kim, University of Wisconsin-Milwaukee, USA Chang-Ho Yoon, Korea University, Korea Keywords: infrastructure, complementarity, critical mass Abstract Autonomous Vehicles: What Will the Future Look Like? Tin Pofuk, University of Primorska, Slovenia Keywords: autonomous vehicles, electric vehicles, mobility on demand, transportation Abstract Development Opportunities of Liner Maritime Passenger Traffic in the Republic of Croatia Dora Naletina, University of Zagreb, Croatia Ivana Ačkar, Populus-duo Ltd., Croatia Ante Vuletić, University of Zagreb, Croatia Kristina Petljak, University of Zagreb, Croatia Keywords: maritime transport, liner passenger transport, maritime-passenger ports, tourism Abstract 32 Managing Global Diversities 3 Friday, 1 June 2018 • 8.30–10.00 • Arnold 1 Session Chair: Lola Larioshina The Presence of Russian Commercial Banks Abroad: Impact of Russian Economic Crisis of 2014–2016 Mikhail Golovnin, Lomonosov Moscow State University and Institute of Economics of Russian Academy of Sciences, Russian Federation Lola Larioshina, Lomonosov Moscow State University, Russian Federation Keywords: Russian banks, Eurasian Economic Union, financial integration Abstract Islamic Microfinance as a Public Good in the Competitive Economy: Issues and Reddy Challenges Areeba Khan, The Islamia University of Bahawalpur, Pakistan Junaina Muhammad, University Putra Malaysia, Malaysia Keywords: finance, microfinance, public good, Pareto efficiency, financial inclusion Abstract SME Internationalisation in the United Arab Emirates: Home-Host Country Characteristics and the Role of Cultural Distance Nataša Kobal and Roberto Biloslavo, University of Primorska, Slovenia Matevž Rašković, Victoria University of Wellington, New Zealand Keywords: host country characteristics, home country characteristics, cultural distance, market entry mode, firm performance Abstract Influence of Economic Freedom Index’s Macroeconomic Factors on Foreign Direct Investment: Analysis from World Economies Devesh Singh, Kaposvár University, Hungary Keywords: foreign direct investments, economic freedom, economic growth, macroeconomic factor Abstract A Glimpse into Chinese Capitalism Ioan Chiril˘ a, University of Babe¸ s-Bolyai, Romania Keywords: entrepreneurship, capitalism, protectionism, China, globalisation Abstract 33 Public Finance Friday, 1 June 2018 • 8.30–10.00 • Arnold 2 Session Chair: Erzsébet Szász Tax Gap and the Effectiveness of Tax Collection in Romania Erzsébet Szász, Edit Veres, and Erzsébet Lengyel, Partium Christian University, Romania József Fogarasi, Partium Christian University, Romania, and Research Institute of Agricultural Economics, Hungary Keywords: tax gap, tax collection, effectiveness, value added tax, Romania Abstract Sustainability of the Pension System in the Republic of Macedonia: Challenges and Solutions Hyrije Abazi-Alili, Shpresa Alija, and Abdylmenaf Bexheti, South East European University, Macedonia Irina B. Panovska, Lehigh University, USA Remzije Rakipi, South East European University, Macedonia Keywords: pension sustainability, postponed retirement, contributions and expenditures, stochastic simulation Abstract Challenges and Opportunities of Finnish Defence Material Projects: Changes Over a Decade Ilkka Ikonen and Lauri Kananoja, National Defence University, Finland Keywords: critical success factors, performance measurement, project, defence Abstract What Qualities Do Government-Owned Venture Capital Investors Look for in a New Venture? Endre Mihály Molnár, Erika Jáki, and Bence Katona, Corvinus University of Budapest, Hungary Keywords: venture capital, investment decision, startup, business plan Abstract The Impact of State Sources on the Hungarian Venture Capital Market Laszlo Kallay and Erika Jáki, Corvinus University of Budapest, Hungary Keywords: venture capital, government intervention, supply shock, investment pressure, crowding out impact, SME finance Abstract 34 Higher Education Friday, 1 June 2018 • 8.30–10.00 • Straža 3 Session Chair: Igor Rižnar Examining the Aspects of Secondary School Students in the Given Hungarian Region when Choosing Institution for Higher Education Katalin Mészáros and Zsuzsanna Némethné Töm˝ o, University of Sopron, Hungary Keywords: academic studies, institution of higher education, open day, reputation of the university, communication tools Abstract Higher Education Mismanagement Dušan Lesjak, University of Primorska and International School for Social and Business Studies, Slovenia Keywords: higher education, governance, management, audit, Court of Audit, Slovenia Abstract Sustainable Teaching Perspective in Language Learning Igor Rižnar, University of Primorska, Slovenia Keywords: language learning, higher education, Flipboard, Basecamp 3, Raspberry Pi, Python, Google AIY voice kit Abstract New Paradigms for Fostering Innovation in Scientific Publishing Katarina Krapež, University of Primorska, Slovenia Keywords: innovation, research outputs, accessibility, quality assurance, management of scientific journals Abstract 35 CSR and Leadership Friday, 1 June 2018 • 8.30–10.00 • Zrak Session Chair: Ana Arzenšek Corporate Social Responsibility Towards Employees: Analysis of Slovenian and Foreign Good Practices Ana Arzenšek, Valentina Franca, and Suzana Laporšek, University of Primorska, Slovenia Keywords: corporate social responsibility towards employees, human resources, good practices, Slovenia Abstract CSR Strategy and Integration: The Conscious Management Practice of Responsible Business Behaviour Nóra Rodek Berkes, Zoltán Birkner, and Tivadar Máhr, University of Pannonia Nagykanizsa Campus, Hungary Keywords: CSR management, CSR strategy and integration, responsible business operations Abstract Culture, Change, and Leadership: Meeting the Challenges of Global Diversity Jerry Glover, Author and Consultant, USA Fons Trompenaars, Trompenaars Hampden-Turner, Netherlands Keywords: culture, change, leadership, global diversity, synergy, applied research Abstract CSR in Developing Countries: Case Study in Vietnam Phan Van Thanh, Kaposvár University, Hungary Szilárd Podruzsik, Corvinus University of Budapest, Hungary Keywords: corporate social responsibility, CSR, developing countries, Vietnam, Vietnamese SMEs Abstract Qualitative Research on the Social Responsibility of Managers of SMEs in Bihor County Veres Edit, Partium Christian University, Romania Keywords: CSR, SMEs, attitude of leaders Abstract The Reinterpretation of Innovation: Industry 4.0 Zoltán Birkner, Tivadar Máhr, and Nóra Rodek Berkes, University of Pannonia Nagykanizsa Campus, Hungary Keywords: innovators, fourth industrial revolution, change Abstract 36 Environmental Challenges 2 Friday, 1 June 2018 • 8.30–10.00 • Voda Session Chair: Jana Hojnik What Determines Green Consumerism: The Case of Slovenian Consumers Jana Hojnik and Mitja Ruzzier, University of Primorska, Slovenia Tatiana S. Manolova, Bentley University, USA Keywords: environmental commitment, perception about eco-products, barriers, purchase intention, green consumerism Abstract Perceptions on Efficient Energy Use and Renewable Sources of Energy Štefan Bojnec, University of Primorska, Slovenia Drago Papler, Gorenjska Electricity, Slovenia Keywords: energy efficiency, renewable sources of energy, operation management, sustainability, social responsibility Abstract Causality Between Renewable Energy Consumption and Economic Growth: Panel Data Approach Gülsüm Akarsu, Ondokuz Mayis University, Turkey Nebile Korucu Gumusoglu, Istanbul Kultur University, Turkey Keywords: renewable energy consumption, economic growth, panel data, causality Abstract Social and Natural Opportunities for the Renewable Energy Utilization in the Koppany Valley Development Area Alexander Titov, Kinga Szabó, and Bernadett Horváthné Kovács, Kaposvár University, Hungary Keywords: renewables, energy, rural development, local resources, social acceptance, biomass Abstract 37 Poster Session Friday, 1 June 2018 • 11.00–12.00 • Conference Hotel Lobby Does Buying Local Help? Consequences of Poorly-Regulated Short Food Supply Chains: Implications for Environmental Policy Zsófia Benedek, Hungarian Academy of Sciences, Hungary Andrea Tabi, University of Zurich, Switzerland Keywords: local food, farmers’ market, linear mixed effects model, carbon emission Abstract Assessment of the Situation in the Health Care Sector in the Context of the Development of Private Health Insurance Renata Pajewska-Kwaśny, Warsaw School of Economics, Poland Keywords: public health care, commercial health insurance, illness, social solidarity Abstract Financial Condition Analysis of Municipal Units in Albania Mariola Kapidani, University of Tirana, Albania Keywords: financial management, local government, financial condition Abstract Undesirable Effects of Retail Therapy on Consumer Emotions and Consumer-Based Brand Equity (CBBE) Sertaç Çifci, Abant ˙Izzet Baysal University, Turkey Yüksel Ekinci, University of Portsmouth, United Kingdom Keywords: consumer emotions, consumer-based brand equity, retail therapy Abstract Leveraging Social Media for Business Transformation: Benefits and Barriers Parmita Saha and Atanu Nath, Western Norway University of Applied Sciences, Norway Keywords: social media, user generated websites, digital technology, social media efficacy Abstract Taxation of Agriculture in Poland and Other EU Countries Joanna Szlęzak-Matusewicz, Warsaw School of Economics, Poland Keywords: agriculture, agricultural tax, EU Member States, Poland Abstract Maximizing and Satisficing Decision-Making Styles: A New Variable for Understanding Deep Level Diversity Brandon William Soltwisch, University of Northern Colorado, USA Keywords: management, decision-making, maximizing, satisficing Abstract 38 Collective Representation of Self-Employed Workers in the EU and Slovenia Elizabeta Zirnstein, Suzana Sedmak, Klemen Širok, and Suzana Laporšek, University of Primorska, Slovenia Keywords: collective representation, self-employed workers, Slovenia Abstract How to Tackle New Form of Works for a Greater Employment Protection Valentina Franca, Suzana Laporšek, and Ana Arzenšek, University of Primorska, Slovenia Keywords: new forms of work, employment protection, false self-employment Abstract Community Economic Development Through Health Tourism Galia Alexandra Gutiérrez Delgado, Marissa Alonso Marbán, and Cristina Isabel Méndez Ravina, National Polytechnic Institute, México Keywords: economic development, health tourism, traditions Abstract Local Tourism Productive System in Community Economic Development Gabriel Alberto Aviña Solares, Lilián Marisa Méndez Ravina, and Roberto Galan Galan, National Polytechnic Institute, México Keywords: local tourism productive system, sightseeing, economic development, social tourism Abstract The Search for Cultural Identity in a Globalized Society, a Challenge for the Competency Model in the Higher Middle Level Claudia Edith Díaz Casillas, Lilian Marisa Méndez Ravina, and Consuelo Blancarte Godínez, National Polytechnic Institute, México Keywords: identity, competences, globalization, upper middle level Abstract Sustainability Challenges in Conflict-Ridden Environment: Issues of Tourism in Turkey Abalfaz Abdullayev, Szent István University, Hungary Elimdar Bayramov, Corvinus University of Budapest, Hungary Mammadbaghir Jabrayilov, KU Leuven, Belgium Keywords: conflict-ridden areas, sustainable tourism development, tourism in Turkey Abstract Innovation to the Regulatory Framework for the Collection of Taxes to Tourism in the Ciudad de Mexico Víctor Manuel Guerrero Sol, National Polytechnic Institute, México Keywords: tourism promotion, regulatory framework, multimodal approach Abstract 39 Habitat Dynamics of Pinus Massoniana under Scenario of Climate Change in Hunan Province, China Mingyang Li, Nanjing Forestry University, China Keywords: Pinus massoniana, climate change, habitat analysis, Hunan Province, forest management plan Abstract 40 Agricultural Economics Friday, 1 June 2018 • 12.00–13.30 • Straža 3 Session Chair: Štefan Bojnec The Effects of Privatisation, EU Accession and Climate Change on Hungarian Agriculture Nikoletta Németh, University of Sopron, Hungary Keywords: agriculture, influencing factors, climate change, perception Abstract Do CAP Subsidies Stabilise Farm Income? Empirical Evidences from Hungarian Farms Zoltán Bakucs, CERS-HAS and Corvinus University of Budapest, Hungary Imre Fert˝ o, CERS-HAS and Kaposvár University, Hungary Keywords: farm income, farm management, Common Agricultural Policy, variance decomposition, farm subsidies Abstract Quantifying Greenhouse Gas Emission Hungarian Dairy and Pig Systems Enik˝ o Zita Vígh, Research Institute of Agricultural Economics and Kaposvár University, Hungary Eszter Kis-Csatári, Research Institute of Agricultural Economics, Hungary Csaba Pesti, Research Institute of Agricultural Economics and Szent István University, Hungary József Fogarasi, Research Institute of Agricultural Economics, Hungary, and Partium Christian University, Romania Keywords: greenhouse gas emission, agricultural sustainability, IPCC Abstract Do CAP Subsidies Stabilise Farm Income in Slovenia? Štefan Bojnec, University of Primorska, Slovenia Imre Fert˝ o, CERS-HAS and Kaposvár University, Hungary Keywords: farm income, farm management, Common Agricultural Policy, variance decomposition, farm subsidies Abstract 41 Marketing Friday, 1 June 2018 • 12.00–13.30 • Arnold 1 Session Chair: Danjel Bratina ‘Poland Cannot Into Space’ – Images of Nations in the Context of Polandball Cartoons Krzysztof Raganowicz, Maria Curie-Skłodowska University, Poland Keywords: place branding, nation branding, country image, Polandball, Countryball Abstract The Influence of Product Innovation, Country of Origin, and Product Knowledge on Purchase Intention: The Mediating Effect of the Brand Attitude Ramadania, University of Tanjungpura, Indonesia Rianti Ardana Reswari, University of Tanjungpura, Indonesia Keywords: product innovation, country of origin, product knowledge, brand attitude, purchase intention Abstract Assessing Direct Marketing Campaign Effectiveness Using RFM, Logit and Machine Learning Methods Danjel Bratina, University of Primorska, Slovenia Keywords: direct marketing effectiveness, RFM, logit modelling, machine learning Abstract Opportunities and Limitations of Online Place Branding Strategies in a Circular Economy Context Victor-Alexandru Briciu, Florin Nechita, and Arabela Briciu, Transilvania University of Brasov, Romania Keywords: place brands, online environment, online identity, Web 2.0, circular economy Abstract Global Diversities in Safeguarding the Cultural Heritage Armand Faganel, University of Primorska, Slovenia Keywords: cultural heritage, safeguarding, management, threats, tangible, intangible, responsibility to protect Abstract 42 Entrepreneurship Friday, 1 June 2018 • 12.00–13.30 • Arnold 2 Session Chair: Irina A. Zaytseva Impact of Subsidies on Performance of Enterprises Sabina Žampa, RISO d.o.o., Slovenia Štefan Bojnec, University of Primorska, Slovenia Keywords: subsidies, financial indicators, economic performance, sustainable development Abstract How to Count? Russian Statistical ‘Dualism’ Irina A. Zaytseva, Plekhanov Russian University of Economics, Russian Federation Keywords: SME, market evaluation, statistical research, analysis Abstract Validating a Decision Making Method Basing on Technology and Knowledge Priorities for Sustainable Strategies for Innovative Start-ups Josu Takala and Sara Tilabi, University of Vaasa, Finland Keywords: knowledge and technology (K/T) rankings, sustainable competitive advantage, sense and respond method, Analytical Hierarchy Process (AHP) Abstract Characteristics of Hungarian Startup Ecosystem Erika Jáki and Endre Mihály Molnár, Corvinus University of Budapest, Hungary Béla Kádár, K&H Bank, Hungary Keywords: startup, Hungary, venture capital, accelerator, incubator, business angel Abstract Analysis of Earn Out Mechanism in Start-Ups Karolina Daszyńska-Żygadło and Andrzej Babiarz, Wrocław University of Economics, Poland Keywords: start-ups valuation, venture capital funds, earn out mechanisms Abstract 43 Education Friday, 1 June 2018 • 12.00–13.30 • Zrak Session Chair: Klemen Širok Entrepreneurial Intentions among Students in SEEC’s-Factors Related to Education and Family Emilija Egger and Ana Tomovska Misoska, University American College Skopje, Macedonia Keywords: entrepreneurship, intentions, family, education Abstract Comparison of Generic Entrepreneurial Competences of Hungarian, Slovenian, German and Finnish students Klemen Širok, University of Primorska, Slovenia Marja-Liisa Kakkonen, South-Eastern Finland University of Applied Sciences, Finland Keywords: generic, competence, entrepreneurship, higher education Abstract University Teachers’ Attitudes to Information and Communication Technologies and Education: The Case of the University of Primorska Šarolta Godnič Vičič, Patrik Pucer, and Boštjan Žvanut, University of Primorska, Slovenia Keywords: higher education, information and communication technologies, teachers’ attitudes Abstract Behavioural Patterns of Student Entrepreneurs in the Visegrad Countries Szilveszter Farkas, Budapest Business School, Hungary Andrea S. Gubik, University of Miskolc, Hungary Keywords: entrepreneurship, higher education, student entrepreneurship, career choice Abstract Siri, Alexa and Google or Teaching by the Book Igor Rižnar, University of Primorska, Slovenia Keywords: business English, textbooks, Raspberry Pi, Google AIY voice kit, Siri, Alexa, Google Abstract 44 International Finance Friday, 1 June 2018 • 12.00–13.30 • Straža 1 Session Chair: Lubos Fleischmann The Relationship Between Financial Stability Indicators and Exchange Rate in Russia Mikhail Golovnin, Institute of Economics of Russian Academy of Sciences and Lomonosov Moscow State University, Russian Federation Gaiane Oganesian, Lomonosov Moscow State University, Russian Federation Keywords: exchange rate, financial stability, Russian economy Abstract Macro Determinants of Shadow Banking in Central and Eastern European Countries Constantin-Marius Apostoaie and Irina Bilan, Alexandru Ioan Cuza University of Iasi, Romania Keywords: shadow banking, New EU Member States, macroeconomic and financial determinants, panel data estimation techniques Abstract Common Volatility Trends of Foreign Exchange Rates and Euro in the Central and Eastern European Countries Edith Debrenti and Johanna Benedek, Partium Christian University, Romania József Fogarasi, Partium Christian University, Romania, and Research Institute of Agricultural Economics, Hungary Keywords: exchange rate volatility, Central and Eastern European Countries, Euro area Abstract Perspectives on Imbalances within the TARGET2 International Payment System Lubos Fleischmann, University of Economics in Prague, Czech Republic Keywords: Target2, payment system, ECB, eurozone, imbalances Abstract 45 Labour Market Friday, 1 June 2018 • 12.00–13.30 • Voda Session Chair: Suzana Laporšek Atypical Employment and New Forms of Works in Slovenia – Empirical Overview Suzana Laporšek, Valentina Franca, Ana Arzenšek, University of Primorska, Slovenia Keywords: atypical employment, new forms of work, empirical analysis, Slovenia Abstract Internal Marketing and Seasonal Employment in Hotel Industry Danijela Križman Pavlović and Marija Bušelić, Juraj Dobrila University of Pula, Croatia Ines Kovačić Drndić, Maistra d.d., Croatia Keywords: internal marketing, seasonal employment, hotel industry, Croatia Abstract Dynamics of Firms and Labour in Textile Industry in Slovenia Barbara Jernejčič Dolinar, Faculty of Design, Slovenia Štefan Bojnec, University of Primorska, Slovenia Keywords: dynamics of firms, dynamics of labour, textile industry, Slovenia Abstract Can Labor Market Institutions Explain Real Wage Disparities in CEE Countries? Dražen Novaković and Dina Liović, J. J. Strossmayer University of Osijek, Croatia Milan Deskar-Škrbić, University of Rijeka, Croatia Keywords: wages, labor market institutions, CEE, panel Abstract 46 Index Abazi-Alili, Hyrije, 34 Çelebi, Duygu, 22 Abdullayev, Abalfaz, 39 Černe, Ksenija, 9 Abramishvili, Zurab, 24 Chiril˘ a, Ioan, 30, 33 Ačkar, Ivana, 32 Çifci, Sertaç, 38 Akarsu, Gülsüm, 37 Costantini, Antonio, 25 Ali Kareem, Mohanad, 29 Čuić Tanković, Ana, 31 Alija, Shpresa, 34 Czaplewski, Maciej, 23 Alonso Marbán, Marissa, 39 Daszyńska-Żygadło, Karolina, 21, 43 Apostoaie, Constantin-Marius, 45 Debrenti, Edith, 45 Appleman, William, 24 Dermol, Valerij, 24 Arzenšek, Ana, 36, 39, 46 Dervić, Šemsudin, 26 Aviña Solares, Gabriel Alberto, 39 Deskar-Škrbić, Milan, 46 Babiarz, Andrzej, 43 Díaz Casillas, Claudia Edith, 39 Babich, Lyubov, 9 Djokić, Danila, 25 Bach, Christoph, 29 Dziadkowiec, Anna, 21 Bakucs, Zoltán, 27, 41 Dziawgo, Ewa, 20 Bándy, Katalin, 25 Edit, Veres, 36 Barhoom, Faeyzh, 20 Egger, Emilija, 44 Barker, Kim, 31 Ekinci, Yüksel, 38 Bartók, István, 21 El-Chaarani, Hani, 9 Bašan, Lorena, 31 Erdo˘ gdu, Aylin, 28 Bavdaž, Mojca, 26 Erić, Ognjen, 19 Bavec, Cene, 9 Faganel, Armand, 42 Bayramov, Elimdar, 39 Farkas, Szilveszter, 44 Belužić, Bruno, 29 Ferjančič, Staša, 10 Benedek, Johanna, 45 Fert˝ o, Imre, 9, 27, 41 Benedek, Zsófia, 38 Fleischmann, Lubos, 45 Berk, Cem, 26 Florjančič, Viktorija, 23 Bertetti, Massimiliano, 12 Fogarasi, József, 9, 25, 34, 41, 45 Bexheti, Abdylmenaf, 34 Franca, Valentina, 36, 39, 46 Bilan, Irina, 45 Fuka, Jindřich, 26 Biloslavo, Roberto, 33 Galan Galan, Roberto, 39 Birkner, Zoltán, 31, 36 Glover, Jerry, 11, 15, 31, 36 Bizjak, Rian, 10 Glover, Zachary, 31 Blancarte Godínez, Consuelo, 39 Godnič Vičič, Šarolta, 44 Blatnik, Patricia, 10 Godnov, Uroš, 28 Bojnec, Štefan, 9, 11, 16, 18, 19, 22, Golovnin, Mikhail, 9, 33, 45 27, 37, 41, 43, 46 Golovnin, Mikhail Yu, 18 Braček Lalić, Alenka, 12 Gomezelj Omerzel, Doris, 9 Brada, Josef, 9 Görög, Georgina, 31 Bratina, Danjel, 42 Gotowska, Małgorzata, 9, 25 Briciu, Arabela, 42 Gregar, Ales, 30 Briciu, Victor-Alexandru, 42 Gregori, Tullio, 9 Bucacos, Elizabeth, 20 Gričar, Sergej, 22 Bušelić, Marija, 46 Gubik, Andrea S., 44 47 Guerrero Sol, Víctor Manuel, 39 Kummitha, Harshavardhan Reddy, 22 Gulev, Rune Ellemose, 9 Kurtural, Sinem, 22 Gumusoglu, Nebile Korucu, 37 Kuruppuge, Ravindra Hewa, 30 Gundogmus, Fatih, 26 Kutan, Ali, 9 Gutiérrez Delgado, Galia Alexandra, 39 Laporšek, Suzana, 5, 9, 20, 36, 39, Hančič, Aleš, 12 46 Hasaan, Ali, 28 Larioshina, Lola, 33 Hojnik, Jana, 37 Lázár, Ede, 27 Horváthné Kovács, Bernadett, 37 Lengyel, Erzsébet, 34 ˙I˘gneci, Metehan, 22 Lesjak, Benjamin, 23 Ikonen, Ilkka, 34 Lesjak, Dušan, 35 Ionita, Dan, 23 Letnar, Matejka, 26 Ionita, Florin, 9, 23 Li, Mingyang, 40 Jabrayilov, Mammadbaghir, 39 Likar, Borut, 12 Jáki, Erika, 34, 43 Liović, Dina, 46 Jakubczak, Anna, 9, 25 Máhr, Tivadar, 31, 36 Jakubik, Maria, 9, 30 Maksymovych, Sergii, 24 Jernejčič Dolinar, Barbara, 46 Malbašić, Ivan, 29 Ježovnik, Alen, 10 Manolova, Tatiana S., 37 Jian, Lirong, 30 Mau, Markus, 19 Jukić, Danijel, 28 Mau, Nicole, 19 Južnik Rotar, Laura, 22 McKinney, Joseph A., 29 Kachalov, Roman, 20 Méndez Ravina, Cristina Isabel, 39 Kádár, Béla, 43 Méndez Ravina, Lilián Marisa, 39 Kakkonen, Marja-Liisa, 44 Meško, Maja, 18 Kallay, Laszlo, 34 Messnarz, Richard, 12 Kananoja, Lauri, 34 Mészáros, Katalin, 35 Kapeš, Jelena, 31 Meyer, Nadja, 26 Kapidani, Mariola, 38 Mezei, Cecília, 29 Katona, Bence, 34 Mihály Molnár, Endre, 34, 43 Kaucic, Massimiliano, 9, 20 Miskó, Krisztina, 25 Kersan-Škabić, Ines, 19 Mohorič, Tanja, 12 Kess, Pekka, 9 Moysa, Natalia, 24 Khan, Areeba, 33 Muhammad, Junaina, 33 Kim, Donghyun, 32 Na, Kyoung-Yun, 32 Kis-Csatári, Eszter, 41 Nahtigal, Matjaž, 5, 9, 21 Klaneček, Alojz, 27 Naletina, Dora, 32 Kljajić-Dervić, Mirela, 26 Nath, Atanu, 38 Kobal, Nataša, 33 Nawaz, Shahid, 28 Kos, Andrej, 12 Nechita, Florin, 42 Kovač, Igor, 12 Németh, Nikoletta, 41 Kovačić Drndić, Ines, 46 Némethné Töm˝ o, Zsuzsanna, 35 Krapež, Katarina, 12, 18, 35 Novak, Matic, 10 Kras, Eva, 9 Novaković, Dražen, 46 Krauss, Alexander, 24 Oganesian, Gaiane, 45 Križman Pavlović, Danijela, 9, 46 Önder, Gökhan, 30 Kudláček, Ladislav, 30 Orazem, Peter, 11, 13 Kumar Nath, Atanu, 9 Pagani, Margherita, 9 48 Pajewska-Kwaśny, Renata, 38 Stubelj, Igor, 20 Pankotay, Fruzsina Magda, 30 Suliková, Rozáliá, 26, 29 Panovska, Irina B., 34 Šušteršič, Janez, 9 Papler, Drago, 27, 37 Svetličič, Marjan, 11, 14 Pesti, Csaba, 41 Szabó, Kinga, 37 Petljak, Kristina, 32 Szász, Erzsébet, 34 Phusavat, Kongkiti, 9 Tabi, Andrea, 38 Pırnar, Ige, 22 Takala, Josu, 9, 11, 17, 18, 43 Podedworna-Tarnowska, Dorota, 21 T˘ atar, Andrei-Viorel, 19, 30 Podruzsik, Szilárd, 36 Tilabi, Sara, 43 Pofuk, Tin, 10, 32 Titov, Alexander, 37 Polterovich, Victor, 9 Tomaszewska, Ilona, 27 Popović, Goran, 19 Tomovska Misoska, Ana, 44 Posarić, Nikolina, 29 Trompenaars, Fons, 36 Pucer, Patrik, 44 Trunk Širca, Nada, 18, 24 Raganowicz, Krzysztof, 42 Ulukan, Cemil, 30 Rajko, Mladen, 28 Valentinuz, Giorgio, 20 Rakipi, Remzije, 34 Van Thanh, Phan, 36 Ramadania, 42 Veres, Edit, 34 Rašković, Matevž, 33 Vidnjevič, Marko, 28 Redek, Tjaša, 26, 28 Vígh, Enik˝ o Zita, 25, 41 Reisinger, Adrienn, 25 Vodopivec, Matija, 11, 12, 16 Reswari, Rianti Ardana, 42 von der Crone, Caspar, 19 Rižnar, Igor, 35, 44 Vukšić, Goran, 9 Rodek Berkes, Nóra, 31, 36 Vuletić, Ante, 32 Rogelj, Janez, 19 Wiechetek, Łukasz, 23 Rolínek, Ladislav, 26 Yoon, Chang-Ho, 21, 32 Ruzzier, Mitja, 9, 37 Yoon, Sang Won, 21, 32 Saha, Parmita, 38 Yoon, Taek-Han, 21 Saxunova, Darina, 9 Žampa, Sabina, 43 Scarlat, Cezar, 9 Zaremba, Adam, 10 Scolari, Franco, 12 Zaytsev, Alexander, 19 Sedmak, Suzana, 10, 39 Zaytseva,Irina A., 43 Sehur, Katja, 29 Zdrilić, Ivica, 28 Shabunova, Alexandra, 9 Zenzerović, Robert, 10 Shokin, Yan, 20 Zirnstein, Elizabeta, 39 Shuleski, Darko, 23 Žorž, Jaka, 12 Signorelli, Marcello, 9 Žvanut, Boštjan, 44 Singh, Devesh, 33 Sinković, Dean, 9, 18 Širok, Klemen, 26, 29, 39, 44 Škare, Marinko, 9 Sleptsova, Yulia, 20 Słoński, Tomasz, 21 Slović, Slobodan, 28 Soltwisch, Brandon William, 9, 38 Stanić, Stanko, 19 Štrancar, Ksenija, 10 49 50 51 Management International Conference ISSN 1854-4312 | www.mic.fm-kp.si University of Primorska Press www.hippocampus.si Document Outline MIC 2018 Contents Conference Organisers Welcome Address by the Organisers Conference Aims and Subject Areas BIFOCAlps: Policy Development of Factories of the Future in the Alpine Space Area Programme Boards Conference Programme Keynote Speech: Winners and Losers After 25 Years of Transition Keynote Speech: The New Management Paradigm Workshop: Culture, Change, and Leadership Doctoral Students' Workshop: Message-Driven Writing Tutorial: Validating a Decision Making Method Editors' Panel: Ensuring the Accessibility of Scientific Communication Sessions Managing Global Diversities 1 Financial Markets, Institutions and Instruments Corporate Governance Tourism 1 Digital Society 1 Managing Global Diversities 2 Environmental Challenges 1 Human Resources Market Pricing and Insurance Digital Society 2 Organisation, Globalisation and Management Studies Knowledge Management Tourism 2 Transport and Infrastructure Managing Global Diversities 3 Public Finance Higher Education CSR and Leadership Environmental Challenges 2 Poster Session Agricultural Economics Marketing Entrepreneurship Education International Finance Labour Market Index