Review of Innovation and Competitiveness

Review of Innovation and Competitiveness

Review of Innovation and Competitiveness is International Scientific Journal of Economic and Social Research RIC is dedicated to promoting the distribution of important scholarly work at all levels: faculty/researchers, policy makers, economic professionals and other leading intellectuals’ studying innovation and competitiveness both on the micro and macro levels.

Operating as usual

[11/29/17]   RIC (2017) volume 3 issue 3:

THEORETICAL PROPOSAL FOR EXPANSION OF ROE WITH NEW SUB-RATIOS (str.5-22)
Danilo Dorović
Original scientific paper

BALANCE OF SUPPLY AND DEMAND OF THE CEREAL AND INFLUENCING FACTORS IN CHINA: FROM THE PERSPECTIVE OF THE COST (str.23-38)
Bingqiang Li
Original scientific paper

TIME MANAGEMENT AMONG MANAGERS IN THE POLLOG REGION (str.39-46)
Izet Zeqiri, Brikend Aziri, Jeton Mazllami
Preliminary paper

A NEXT GENERATION OF INNOVATION MODELS? AN INTEGRATION OF THE INNOVATION PROCESS MODEL BIG PICTURE © TOWARDS THE DIFFERENT GENERATIONS OF MODELS (str.47-60)
Benjamin Taferner
Review paper

AN ANALYSIS OF HUMAN CAPITAL DEVELOPMENT AND PRODUCTIVITY GROWTH- CASE STUDY, NIGERIA (str.61-84)
Opeyemi Oluwabunmi Adejumo, Akintoye Victor Adejumo
Review paper

THE CHALLENGES OF BUSINESS ETHICS: THE BASIC PRINCIPLES OF BUSINESS ETHICS - ETHICAL CODEX IN BUSINESS (str.85-100)
Anton Jamnik
Review paper

[11/28/17]   RIC (2017) volume 3 issue 2:

THE LONG-RUN EFFECT OF INWARD AND OUTWARD FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH: EVIDENCE FROM DEVELOPING ECONOMIES (str.5-24)
Waqar Ameer, Helian Xu
Original scientific paper

DOES COUNTRY CREDIT RATING AFFECT CURRENT DEFICIT ACCOUNT: THE CASE OF TURKEY (1992-2014) (str.25-42)
Ahmet Gulmez, Furkan Besel, Fatih Yardimcioglu
Original scientific paper

AID SELECTIVITY PRACTICE AND AID EFFECTIVENESS IN SUB-SAHARAN AFRICA (str.43-64)
Adeniyi Jimmy Adedokun, Abiodun O. Abiodun O. Folawewo
Original scientific paper

IMPACT OF THE FDI ON UNEMPLOYMENT RATE IN COUNTRIES OF WEST BALKAN (str.65-82)
Dijana Grahovac, Senad Softić
Original scientific paper

RELATIONSHIP BETWEEN INWARD FOREIGN DIRECT INVESTMENT, DOMESTIC INVESTMENT, FORMAL AND INFORMAL INSTITUTIONS: EVIDENCE FROM CHINA (str.83-98)
Waqar Ameer, Helian Xu
Original scientific paper

TROUBLES OF THE ITALIAN BANKING SYSTEM AND THE SMOTHERED HOPES OF EUROPE (str.99-116)
Mitja Stefancic
Review paper

[11/27/17]   RIC (2017) volume 3 issue 1:

IS WORKING CAPITAL MANAGEMENT IMPORTANT? EMPIRICAL EVIDENCE FROM MANUFACTURING COMPANIES IN GHANA (str.5-20)
Joseph Kwadwo Tuffour, John Adjei Boateng
Original scientific paper

DETERMINANTS OF FOREIGN DIRECT INVESTMENT IN NIGERIA: A MARKOV REGIME-SWITCHING APPROACH (str.21-48)
Akinlo A. Enisan
Original scientific paper

IMPACT OF OIL PRICE VOLATILITY AND MACROECONOMIC VARIABLES ON ECONOMIC GROWTH OF PAKISTAN (str.49-74)
Muhammad Jawad, Ghulam Shabbir Khan Niazi
Original scientific paper

A STUDY ON THE RISK-ADJUSTED PERFORMANCE OF MUTUAL FUNDS INDUSTRY IN INDIA (str.75-94) engleskipdf 184 KB
Shivangi Agarwal, Nawazish Mirza
Preliminary paper

FISCAL AUSTERITY POLICY IMPACT ON WELFARE (str.95-118) engleskipdf 182 KB
Romina Pržiklas Družeta, Marinko Škare
Review paper

INTERDISCIPLINARY APPROACH TO NEURAL NOISE AND PERCEPTION BIAS IN FINANCIAL DECISION MAKING (str.119-132) engleskipdf 133 KB
Ana Njegovanović, Krešimir Petar Ćosić
Preliminary paper

24/11/2017

www.fet.unipu.hr

Want to submit your paper? Please, check Guide for Authors:
https://www.fet.unipu.hr/images/50019378/RIC_giude_for_authors.pdf

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[11/22/17]   Double-blind peer review

Review of Innovation and Competitiveness uses double-blind review, which means that the identities of the authors are concealed from the reviewers, and vice versa. To enable this, it is necessary to distinguish the Submission template and Final paper template. Submission Template should be submitted without the author’s names (there is a cover letter template which authors should fill in with personal data). Final paper template should be submitted after the author is notified about paper acceptance from the editors. For details, check the templates - pack.

[11/21/17]   Financing
Journal is published with the help of Ministry of science and education.

Author's fees
There are no article submission/ publication fee charges for authors.

Copyright
Copyright allows authors to protect original material. We use Creative Commons licenses when publishing: Attribution (CC BY).
Others can distribute, remix, tweak, and build upon this work, even commercially, as long as they credit the original creation.
Subscribers are allowed to reproduce parts of the article but only with appropriate reference to the paper/ journal. Other forms of resale, derivative work, publication or compilations as well as translations are not allowed without the credit to the author's and publisher.
Authors are allowed to use their published articles for personal promotion in academic society (such as uploading the paper to academic social networks or formal data bases). If authors wish to replicate parts of their paper published in RIC, they have to include the appropriate reference.

[11/20/17]   Open access

Articles are available online to the wide audience. There is no publication fee for the online open access publication.

There is no subscription fee for the Journal's online version. The online version of this Journal is open access. The content is freely available without charge to the user. Users are allowed to read, download, copy, distribute, print, search or link to the full texts of the articles in this journal without asking prior permission from the publisher or the author, as long as they cite the source.

[11/17/17]   Journal goals and scope

RIC is dedicated to promoting the distribution of important scholarly work at all levels: faculty/researchers, policy makers, economic professionals and other leading intellectuals’ studying innovation and competitiveness both on the micro and macro levels. The Journal is interested in both theoretical and applied research with an emphasis on topics in international trade, factors conditions, demand conditions, firm strategy, structure and rivalry, human resource endowments, R&D capabilities, new technology adoption, managerial and organizational factors, models and process of innovation, innovation law and policy, innovation networks, technical change, marketing innovation, clusters and networks and other topics falling within the field of economics of innovation.

RIC is not tied to any particular strand of theory, academic discipline, or subject of research in the field of economic science investigating economics of innovation and competitiveness.
RIC will endeavor to provide concise and accessible review on most important technical, socio-economic factors driving information technology industries.

In pursuit of its program RIC will try to explain what is happening in the race for global innovation advantage, explain economic decline in the most developed economies of the 21st century, change and dynamics in the innovation and innovation polices worldwide, building innovation advantage in order to overcome barriers to innovation.

hrcak.srce.hr 16/11/2017

Review of Innovation and Competitiveness : A Journal of Economic and Social Research

Review of Innovation and Competitiveness editions available at:
http://hrcak.srce.hr/ric

hrcak.srce.hr Review of Innovation and Competitiveness : A Journal of Economic and Social Research

15/11/2017

THE CHALLENGES OF BUSINESS ETHICS: THE BASIC PRINCIPLES OF BUSINESS ETHICS - ETHICAL CODEX IN BUSINESS

RIC 3.3.: THE CHALLENGES OF BUSINESS ETHICS: THE BASIC PRINCIPLES OF BUSINESS ETHICS - ETHICAL CODEX IN BUSINESS, Anton Jamnik.
Past several decades management has become a vital concern to society. If we look at pools, we notice that the public does not have good opinion about management ethics and business. For the management community to turn this situation around, significant efforts are required. It should be understood what management ethics means, why it is important and how it should be integrated into decision making. Principles of ethics from moral philosophy and management theory are available to inform interested managers. Further requires that managers understand, and be sensitive to, all the stakeholders of the organization and their stakes. If the moral management model is to be achieved, managers need to integrate ethical wisdom with their managerial wisdom and to take steps to create and sustain an ethical climate in their organizations. When all that will be done, the desirable goals of moral management will be achievable.
http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=276042

hrcak.srce.hr Past several decades management has become a vital concern to society. If we look at pools, we notice that the public does not have good opinion about management ethics and business. For the management community to turn this situation...

14/11/2017

AN ANALYSIS OF HUMAN CAPITAL DEVELOPMENT AND PRODUCTIVITY GROWTH- CASE STUDY, NIGERIA

RIC 3.3.: AN ANALYSIS OF HUMAN CAPITAL DEVELOPMENT AND PRODUCTIVITY GROWTH- CASE STUDY, NIGERIA, Opeyemi Oluwabunmi Adejumo, Akintoye Victor Adejumo.
In order to address the direction of causality between human capital and productivity growth in Nigeria, the study first investigated the pattern of productivity growth in Nigeria between 1970 and 2010. Following the endogenous growth model, which argued that technical progress, through an effective labor force, could lead to long-run growth which can be determined from within an economy; but it actually depends on the efficiency with which resources available to such an economy are utilized. This is against the exogenous growth model which emphasized that long-run growth can be attained by some unexplained technological progress, which is exogenous to any economy. Based on this controversy in literature, this study empirically determined the productivity growth in Nigeria, as well as the causal relation between human capital development and productivity growth in Nigeria using the Engle-Granger causality test. The results revealed that productivity growth has been very low and unstable in Nigeria as it oscillated between -1.5% and 0.6%. In addition, the nexus between human capital and productivity growth was examined. The findings revealed that while productivity growth caused human capital development, human capital development did not cause productivity growth.
http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=276041

hrcak.srce.hr In order to address the direction of causality between human capital and productivity growth in Nigeria, the study first investigated the pattern of productivity growth in Nigeria between 1970 and 2010. Following the endogenous growth...

13/11/2017

A NEXT GENERATION OF INNOVATION MODELS? AN INTEGRATION OF THE INNOVATION PROCESS MODEL BIG PICTURE © TOWARDS THE...

RIC 3.3.: A NEXT GENERATION OF INNOVATION MODELS? AN INTEGRATION OF THE INNOVATION PROCESS MODEL BIG PICTURE © TOWARDS THE DIFFERENT GENERATIONS OF MODELS, Benjamin Taferner.
The competition on every market grows harder and harder every year. Innovation is seen by most companies as the only way to survive. For finding good innovations, innovation processes are needed to implement within the firm. This paper deals with the generations of those models. The first part of the paper lists the different generations described in the literature. In the second part the BIG Picture © model created by Dipl.-Ing. Dr. Lercher is introduced and compared to the criteria found in the described models. Therefor the aim of this paper is to give the reader an overview of the existing models and an understanding of the classified model. The estimated results were a classification in the current generation.
However, the model shows additional criteria which have not been set by any of the review authors. The point, if this model is still a sixth generation model or already a seventh generation model, was let open for discussion in this paper. Methodology includes an analyses of the described generations of the most frequent cited authors and an evaluation of the new model.
http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=276039

hrcak.srce.hr The competition on every market grows harder and harder every year. Innovation is seen by most companies as the only way to survive. For finding good innovations, innovation processes are needed to implement within the firm. This paper...

10/11/2017

TIME MANAGEMENT AMONG MANAGERS IN THE POLLOG REGION

TIME MANAGEMENT AMONG MANAGERS IN THE POLLOG REGION, Izet Zeqiri, Brikend Aziri, Jeton Mazllami.
Time, the only non-replaceable resource is quite difficult to manage, although as it has been studied over and over again time management can be of crucial importance for a contemporary business organization. Individuals and managers in particular, must learn how to make the best out of their time and use time management as a tool in gaining and maintaining a competitive advantage. Although, researchers from throughout the world have managed to identify and develop hundreds if not even thousands of different time management approaches and techniques, it can be easily argued that such techniques are unknown when it comes to business in the Republic of Macedonia in general and the Pollog region in particular. But, the lack of a scientific approach does not necessarily mean a lack of dedication to a better usage of time by employees and managers alike. The paper strives to
present the results of a rather extensive field research on time management implemented by the authors in over fifty business entities in the region.
http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=276038

hrcak.srce.hr Time, the only non-replaceable resource is quite difficult to manage, although as it has been studied over and over again time management can be of crucial importance for a contemporary business organization. Individuals and managers in...

09/11/2017

BALANCE OF SUPPLY AND DEMAND OF THE CEREAL AND INFLUENCING FACTORS IN CHINA: FROM THE PERSPECTIVE OF THE COST

RIC 3.3.: BALANCE OF SUPPLY AND DEMAND OF THE CEREAL AND INFLUENCING FACTORS IN CHINA: FROM THE PERSPECTIVE OF THE COST, Bingqiang Li.
The balanced supply and demand of the cereal is essential for achieving economic sustainable development in China. The wheat and products, the rice (including the milled equivalent), and the maize and products are three main cereals in China, the three cereals but the rice (including the milled equivalent) in China were enerally seriously comparatively insufficient before 1997, and then became fully sufficient. The co-integrative test demonstrated that there existed long-term equilibrium between balance of supply and demand
and influencing factors, and the correcting coefficient was about 2.2 percent. As for balance degree of supply and demand, increase of machinery cost, daily-average labor price and indirect cost would improve it, increase of fertilizer expenditure and labor-input quantity would deteriorate it at short-term. The Granger causality test implied that balance of supply and demand owned interactive effect with laborer-input quantity, but not with the other cost. The highlight of this article was evaluating hypothesis of “Who will feed China” and influencing factors from perspective of the cost, achieving that the above hypothesis was not a real problem in China.
http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=276037

hrcak.srce.hr The balanced supply and demand of the cereal is essential for achieving economic sustainable development in China. The wheat and products, the rice (including the milled equivalent), and the maize and products are three main cereals in...

08/11/2017

THEORETICAL PROPOSAL FOR EXPANSION OF ROE WITH NEW SUB-RATIOS

RIC 3.3.: THEORETICAL PROPOSAL FOR EXPANSION OF ROE WITH NEW SUB-RATIOS, Danilo Dorović.
ROE is the ratio of profitability which can be separated into three ratios in Du Pont model. The question is - can it be even more comprehensive with more than three Du Pont
ratios; that is can it also include liquidity, market share, break-even point, plan vs. actual, structure of assets and liabilities, structure of fixed costs, etc.? If these can be included in calculation, the financial, management accounting and strategic analysis could be more integrated into one more rounded system. Financial ratio analysis would also integrate into one ratio the usually different areas of analysis, like structure of assets, structure of liabili-ties, liquidity, turnover, financial leverage, etc. Strategic management and management accounting ratios, developed in the literature and used in business practice, are represented. The article in front of you presents a theoretical proposal through deduction method of how mentioned measures can potentially be included in ROE, resulting in potential benefits in planning and controlling. Integrated different areas of financial ratio analysis, manage-
ment accounting and strategic analysis each represented with its ratios in profitability measure ratio, provides potentially better view of conditions, profit multiplicators and risk the profitability is achieved by. Integration inside profitability measure gives a special qual-itative advantage, having in mind that achieved profit is the main goal for owners of the company`s equity.
http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=276036

hrcak.srce.hr ROE is the ratio of profitability which can be separated into three ratios in Du Pont model. The question is - can it be even more comprehensive with more than three Du Pont ratios; that is can it also include liquidity, market share,...

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