Conference Program

2

6th International Conference of the School of Economics and Business

Beyond the Economic Crisis: Lessons Learned and Challenges Ahead

University of Sarajevo, School of Economics and Business Bosnia and Herzegovina October 12-13, 2012

Program and Organizing Committee

Dzenan Djonlagic, Eldin Mehic, Elvir Cizmic, Emina Resic, Ensar Sehic, Hatidza Jahic, Melika Husic, Mirza Krso, Veljko Trivun, Zeljko Sain, Zijada Rahimic

3

General Information Conference Venue School of Economics and Business Trg oslobodjenja – Alija Izetbegovic 1 71000 Sarajevo Bosnia and Herzegovina www.efsa.unsa.ba T: +387 33 275 900 F: +387 33 275 994 E: efsa@efsa.unsa.ba

Lunch Lunch is served at the School of Economics and Business in the Entrance Hall from: Friday, October 12, 12:45 – 13:30 Saturday, October, 13, 14:00 – 15:00

Official Language The official language is English. No simultaneous translation will be provided.

Coffee Breaks Coffee is served in the Entrance Hall.

Conference Information Desk The Conference Information Desk is open during conference hours. The staff will be happy to assist you with all matters concerning the Conference.

Smoking School of Economics and Business is a non-smoking environment.

Registration The Registration Desk is located in the Entrance Hall at the School of Economics and Business. The Desk will be opened for registration: Friday, October, 12, 08:00 – 15:00 Saturday, October 13, 08:00 – 12:00

Internet Access Computers with a broadband connection to the Internet will be available for the conference participants during conference hours at the School of Economics and Business, Entrance Hall, from Friday, October 12, 08:00 to Saturday, October 13, 17:00. Participants who bring their own Wi-Fi-enabled computer will have unlimited access to the wireless network inside the School. The access is free of charge.

Conference Papers on USB An USB with all papers is included in the conference bag.

AV-Equipment Standard AV-equipment, including overhead- projectors and PCs are available in all rooms. Conference Assistants will assist with uploading of presentations etc.

Conference Bag and Name Tag Upon registration all participants receive a conference bag and a name tag. Conference participants and exhibitors are kindly asked to wear their name tags during all conference events.

Tourist information The main tourist information centre in Sarajevo region is located in the City centre not far from the School of Economics and Business (T: 033 220 721; F: 033 553 520; www.sarajevo-tourism.com).

4

Overall Program and Special Events Friday, October 12, 2012 08:00 – 09:00 Registration Entrance Hall

09:00 – 09:15 Opening Ceremony Amphitheater Zvecevo Welcome Speech

Veljko Trivun, School of Economics and Business

09:15 – 10:45 Plenary Session Amphitheater Zvecevo

Keynote Speakers

John W. Cadogan, Loughborough University, UK CONCEPTUALIZING VARIABLES: REFLECTIONS AND

RECOMMENDATIONS

Milford Bateman, Freelance consultant on local economic development policy and Visiting Professor of Economics at Juraj Dobrila Pula University, Croatia

THE MICROFINANCE SECTOR IN BOSNIA: HOW TO DESTROY AN ECONOMY AND SOCIETY WITHOUT REALLY TRYING

Emir Hrnjic, National University of Singapore, Singapore THE IMPACT OF INVESTOR SENTIMENT ON EQUITY PRICING

11:00 – 12:30 Celebration Academy of 60th Anniversary of the School of Economics and Business Narodno pozoriste

12:45 – 13:30 Lunch Entrance Hall

13:30 – 15:00 Parallel Sessions

15:00 – 15:30 Coffee Break

15:30 – 17:00 Parallel Sessions

20:00 – 23:00 Gala Dinner Dom mladih, Skenderija

Celebration of 60th Anniversary of the School of Economics and Business in Sarajevo

5

Saturday, October 13, 2012 09:30 – 11:30 Parallel Sessions

11:30 – 12:00 Coffee Break

12:00 – 13:30 Parallel Sessions

13:30 – 14:00 Closing Session Room 2

Vice Dean Emina Resic, School of Economics and Business

14:00 – 15:00 Lunch Entrance Hall

6

Friday

October 12, 2012

7

Friday, October 12, 2012

SESSION I: 13:30 – 15:00 INTERNATIONAL ECONOMICS Room: E-net Chair: Sabina Silajdzic Josip Viskovic THE OPTIMUM CURRENCY AREA AND THE CREDIBILITY OF MAASTRICHT CRITERIA Muamer Halilbasic TRADE ADVANTAGES AND SPECIALIZATION DYNAMICS OF SEE COUNTRIES Azra Hadziahmetovic, Aida Zaimovic THE BALANCE OF INFLUENCE AND FUTURE OF ECONOMIC SUPREMACY Sabina Silajdzic, Eldin Mehic HOW IMPORTANT ARE INSTITUTIONS IN PROMOTING FOREIGN DIRECT INVESTMENTS IN TRANSITION ECONOMIES?: EVIDENCE FROM SOUTHEAST EUROPEAN ECONOMIES Goran Buturac BEYOND THE GLOBAL RECESSION: MUTUAL TRADE AND ECONOMIC CONVERGENCE OF SEE COUNTRIES Hrvoje Josic, Mislav Josic NON-INTEREST CURRENT ACCOUNT SUSTAINABILITY IN TRANSITION COUNTRIES Zlatko Lagumdzija, Jasmina Selimovic, Mirza Krso, Emir Kurtic FACTORS OF COUNTRY’S COMPETITIVENESS WITH SPECIAL REFLECTION ON BOSNIA AND HERZEGOVINA DEVELOPMENT ISSUES Room: MIT Chair: Adnan Efendic Flavius Rovinaru, Mihaela Rovinaru, Larisa Nicoleta Pop COMMODITY PRICE VOLATILITY IN THE MIDST AND BEYOND THE ECONOMIC CRISIS – IMPLICATIONS FOR ROMANIA

8

Stefan Bojnec, Ladislav Kabat INCOMES AND INEQUALITIES: GAINERS AND LOSSERS Slavica Barbic, Mirna Leko Simic, Natasa Sarlija LOCAL AND REGIONAL GOVERNMENT SUPPORT TO THE NONPROFIT SECTOR IN CROATIA Davor Mikulic, Zeljko Lovrincevic, Andrea Galic-Nagyszombaty REGIONAL CONVERGENCE IN CROATIA Rabija Somun-Kapetanovic, Emina Resic, Adela Delalic CLASSIFICATION OF HOUSEHOLDS IN BOSNIA AND HERZEGOVINA ACCORDING TO MAIN POVERTY FACTORS Ensar Sehic STATISTICAL ESTIMATION: INTRODUCTION TO DEALING WITH COVERAGE ERRORS Katarina Marošević, Katarina Arnold Bratić LIFELONG LEARNING IN TERMS OF UNEMPLOYMENT REDUCTION: CROATIAN EXPERIENCE Adnan Efendic, Sabina Silajdzic, Viktorija Atanasovska ETHNIC TENSIONS, INSTITUTIONAL AND ECONOMIC PERFORMANCE IN BOSNIA AND HERZEGOVINA: WHAT ARE(NOT) THE CAUSAL LINKS? BUSINESS ADMINISTRATION AND BUSINESS ECONOMICS 1 Room: 2 Chair: Vesna Zabkar Vesna Zabkar, Damijan Mumel, Nina Hocevar MANAGEMENT INVOLVEMENT, MARKETING COMMUNICATION INTEGRATION AND BUSINESS PERFORMANCE IN COMPANIES IN A NEW EU COUNTRY Selma Kadic-Maglajlic, Jasmina Dlacic FACTORS INFLUENCING WINE CONSUMPTION OF GENERATION Y Merima Cinjarevic, Adi Alic TO SEEK A STATUS OR TO MAKE A CALL: INTERPLAY OF MATERIALISM, REFERENCE GROUP INFLUENCES AND STATUS CONSUMPTION

9

Almir Pestek WOMEN ENTREPRENEURSHIP IN BOSNIA AND HERZEGOVINA Anto Domazet, Adi Alic CONVERGENCE OF HOUSEHOLD EXPENDITURES: SOME EVIDENCE FROM EUROPEAN UNION COUNTRIES Kasim Tatic, Merima Cinjarevic FAKE LUXURY: CONSUMER PURCHASE INTENTIONS FOR COUNTERFEIT LUXURY BRANDS

Friday, October 12, 2012

SESSION II: 15:30 – 17:00 FINANCIAL ECONOMICS Room: E-net Chair: Azra Zaimovic Ivica Pervan, Marijana Bartulovic INTERNET FINANCIAL REPORTING - COMPARATIVE ANALYSIS FOR SELECTED CEE COUNTRIES Dijana Pocrnjic, Marko Miletic, Petar Pepur THE IMPACT OF ACCOUNTING TREATMENT OF OPERATING LEASING ON THE TRANSPARENCY OF FINANCIAL STATEMENTS Azra Zaimovic TESTING THE CAPM IN BOSNIA AND HERZEGOVINA - FURTHER EVIDENCE USING LOG RETURNS Sabina Silajdzic DETERMINANTS OF CAR LEASING DEFAULT AND PREPAYMENT: ASSESSMENT OF RISKS ASSOCIATED WITH AUTOMOBILE FINANCIAL LEASING IN A TRANSITION ECONOMY CONTEXT Barbara Mörec, Matevz Raskovic SMES’ INVESTMENT DYNAMIC BEFORE AND DURING THE ECONOMIC CRISIS: SOME EVIDENCE FROM SLOVENIA

10

Chen-yin Kuo AN EMPRICAL STUDY ON CURRENT ACCOUNT, EXCHANGE RATE, STOCK PRICE: FURTHER EVIDENCE FROM EAST ASIAN COUNTRIES Dean Uckar BEHAVIORAL ELEMENTS IN CAPITAL STRUCTURE MANAGEMENT Sonja Remetic Horvath, Jasmina Okicic THE EFFECTS OF THE GLOBAL FINANCIAL CRISIS ON CAPITAL MARKETS IN CENTRAL AND EASTERN EUROPE Azra Zaimovic, Almira Arnaut-Berilo ARE THERE ANY DIVERSIFICATION POSSIBILITIES BETWEEN GERMAN AND BOSNIAN STOCK MARKETS BUSINESS ADMINISTRATION AND BUSINESS ECONOMICS 2 Room: MIT Chair: Vesna Babic-Hodovic Vesna Babic-Hodovic, Maja Arslanagic, Eldin Mehic IMPORTANCE OF INTERNAL MARKETING FOR SERVICE COMPANIES CORPORATE REPUTATION AND CUSTOMER SATISFACTION Crnkic Kenan, Cizmic Elvir, Sunje Aziz KNOWLEDGE MANAGEMENT AND INNOVATION AS DRIVING FORCES BEHIND SUCCESSFUL ENTREPRENEURSHIP Ivana Bilic, Srecko Goic, Gaia Vidovic HOW ISO STANDARD CERTIFICATION AFFECT ORGANIZATIONAL COMMUNICATION? EVIDENCE FROM CROATIA Sandro Jukovic, Mirjana Pejic Bach, Ksenija Dumicic, Nataša Sarlija SEGMENTATION IN BANKING USING SELF-ORGANIZING MAPS: A CASE STUDY OF BUSINESS CUSTOMERS Sanvila Vuk, Zijada Rahimic EVALUATION THE EFFECTS OF EMPLOYEES EDUCATION IN B&H COMPANIES Dijana Vukovic, Boris Juric, Iva Focht MARKETING OF THE NEW AND ALETERNATIVE WAYS OF SAVING FOR STUDENTS

11

Mateja Cop, Diana Plantic Tadic, Mirjana Bautovic ANALYSIS OF INFLUENCES ON CONSUMERS' ATTITUDES IN THE PROCESS OF HOTEL REPOSITIONING: CASE OF "TURIST" HOTEL – VARAŽDIN ISLAMIC ECONOMICS AND FINANCE (ROUND TABLE) Room: Room 2 Chair: Mehmet Asutay M. Kabir Hassan, Benito Sanchez, Geoffrey Ngene FINANCIAL LIBERALIZATION AND THE DOMESTIC BANKING PERFORMANCE IN THE GULF AND MIDDLE EASTERN COUNTRIES Can Mehmet RISKS OF THE STOPPING PROFIT EQUALIZATION RESERVES (PERS) IN ISLAMIC BANKS M. Kabir Hassan, Jose Francisco Rubio NON-PARAMETRIC PERFORMANCE MEASUREMENT OF INTERNATIONAL AND ISLAMIC MUTUAL FUNDS Shinsuke Nagaoka FINANCIAL CRISIS AND ITS MACROECONOMIC IMPACT TO THE ISLAMIC ECONOMIC SYSTEM: A THEORETICAL INQUIRY Velid Efendic, Fikret Hadzic, Admir Meskovic STOCK MARKET SCREENING IN BOSNIA AND HERZEGOVINA BASED ON ISLAMIC FINANCE PRINCIPLES

12

Saturday

October 13, 2012

13

Saturday, October 13, 2012

SESSION III: 09:30 – 11:30

BUSINESS ADMINISTRATION AND BUSINESS ECONOMICS 3 Room: E-net Chair: Tea Baldigara Tea Baldigara, Maja Mamula TOURISM DEMAND MODELLING AND FORECASTING - A CASE STUDY OF CROATIA Dora Smolcic Jurdana, Daniela Soldic Frleta TOURISM DEVELOPMENT OF RURAL AREAS – CUSTOMER PERSPECTIVE Romina Alkier Radnic, Vedran Milojica, Danijel Drpic ECOTOURISM IN FUNCTION OF INCREASING COMPETITIVE ADVANTAGES OF THE REPUBLIC OF CROATIA AS A TOURIST DESTINATION Márta Bakucz FUTURE TRENDS IN SPA-TOURISM DEVELOPMENT – A CASE STUDY FROM THE SOUTH TRANSDANUBIAN REGION OF HUNGARY Elvedin Grabovica, Amila Pilav-Velic WHAT KIND OF INTERACTION CUSTOMERS EXPECT: A SURVEY CONDUCTED IN B&H Marija Ivanis BUSINESS ETHICS - MORAL RESPONSIBILITY OF THE MODERN COMPANY Merima Cinjarevic, Amra Rizvic, Lejla Turulja, Hatidza Jahic SHOULD I STAY OR SHOULD I GO?!STUDENTS’ ATTITUDES TOWARD STUDY ABROAD PROGRAMS INFORMATION TECHNOLOGY Room: MIT Chair: Nijaz Bajgoric Davor Labas STRATEGIC EARLY WARNING SYSTEMS AND INFORMATION TECHNOLOGY SUPPORT IN CROATIAN FIRMS

14

Savo Stupar, Elvir Sahic APPLICATION OF EXPERT SYSTEM IN ASSESSING THE LEVEL OF “SPIRITUALITY” OF AN ORGANIZATION Zlatan Sabic, Tarik Zaimovic DELUSION OF QUICK-WINS: ARE THE QUICK WINS AN ASSET OF OBSTACLE FOR INFORMATION SYSTEMS IMPLEMENTATION? Tanja Mihalic, Dimitrios Buhalis ICT AS A COMPETITIVE ADVANTAGE FACTOR – CASE OF SMALL TRANSITIONAL HOTEL SECTOR Lejla Turulja, Nijaz Bajgoric BEEING PREPARED FOR DISASTER? IMPLEMENTATION OF BUSINESS CONTINUITY PLANNING CONCEPT IN B&H COMPANIES MACROECONOMICS AND MONETARY ECONOMICS Room: 2 Chair: Matej Marinc Goran Mirascic, Jasmina Selimovic FISCAL SUSTAINABILITY AS A PRECONDITION FOR MACROECONOMIC STABILITY WITH SPECIAL REFERENCE TO BOSNIA AND HERZEGOVINA Naida Carsimamovic Vukotic, Irena Jankulov Suljagic, Irina Smirnov THE WESTERN BALKANS POST-CRISIS POTENTIAL OUTPUT Matej Marinc COMPETITION POLICY IN A FINANCIAL CRISIS: THE CASE OF EUROPEAN BANKING Rabija Somun Kapetanovic, Emina Resic, Merima Balavac GROWTH PROSPECTS OF REMMITTANCES IN TRANSITION ECONOMIES

15

Saturday, October 13, 2012

SESSION IV: 12:00 – 13:30

BUSINESS ADMINISTRATION AND BUSINESS ECONOMICS 4 Room: E-net Chair: Aziz Sunje Muamer Bezdrob, Aziz Sunje MANAGEMENT INNOVATION – MODEL DESIGN AND TESTING UNDER THE MARKET CONDITIONS OF F B&H Nidzara Osmanagic Bedenik, Dejana Dojcinovic Drilo, Davor Labas EARLY WARNING SYSTEM – THEORETICAL AND EMPIRICAL ANALYSIS Nikolina Decman, Ivana Sever LIQUIDITY MANAGEMENT IN SMALL AND MEDIUM-SIZED ENTITIES Kristina Crnjar CONTRIBUTION OF KNOWLEDGE MANAGEMENT TO THE DEVELOPMENT OF THE HOTEL ENTERPRISE’S COMPETITIVENESS Ines Milohnic, Ana-Marija Vrtodusic Hrgovic, Sanda Grudic Kvasic EVENT MANAGEMENT FROM THE PERSPECTIVE OF GUEST SATISFACTION Kenan Ustovic, Zijada Rahimic QUALITY AS DIFERENTIATING ELEMENT IN THE B2B MARKET OF BIH Elvedin Grabovica, Amila Pilav-Velic THE BIGGEST CHALLENGES OF SUCCESSFUL CRM IMPLEMENTATION: CONCEPTUAL FRAMEWORK Adnan Efendic, Tomasz Mickiewicz, Anna Rebmann, Aziz Sunje IN DIVERSITY WE TRUST -NETWORKS AND BUSINESS ASPIRATIONS IN A POST-CONFLICT ENVIRONMENT

16

BUSINESS ADMINISTRATION AND BUSINESS ECONOMICS 5 Room: MIT Chair: Meliha Basic Boris Tusek, Ivana Pokrovac INDEPENDENCE AS A PRECONDITION OF AN EFFECTIVE INTERNAL AUDIT ACTIVITY Elif Ozturk, Ugur Ergun THE ROLE OF EDUCATION AND LEGAL STRUCTURE OF USING IFRS: THE CASE STUDY IN BOSNIA AND HERZEGOVINA Meliha Basic, Benina Veledar IMPACT OF FINANCIAL CRISES ON COMPANY'S FINANCIAL PERFORMANCE IN BOSNIA AND HERZEGOVINA Munira Sestic, Azra Mesihovic ECONOMIC CRISIS AND CHALLENGES OF WOMEN'S START-UP BUSINESS: EXAMPLE OF B&H Savo Stupar, Azra Brankovic UNCERTAINITY AVOIDENCE OF MANAGERS IN BOSNIA AND HERZEGOVINA Suncica Oberman Peterka, Anamarija Delic “TRIPLE HELIX“ MODEL – WHY IT IS NOT EASY TO IMPLEMENT? CASE OF GROWTH YOUR BUSINESS PROGRAMME IN CROATIA Julia Peric ACADEMIC SERVICE LEARNING PROGRAM IN THE FUNCTION OF DEVELOPMENT OF ENTREPRENEURIAL BEHAVIORS OF COLLEGE STUDENTS Emir Kurtovic, Dzenana Hodzic INVESTING IN HUMAN RESOURCES, NEW VISION OF COMPETITIVENESS OF ENGINEERING IN BOSNIA AND HERZEGOVINA LAW AND ECONOMICS Room: Room 2 Chair: Veljko Trivun Veljko Trivun, Fatima Mahmutcehajic, Vedad Silajdzic LAW AND THE INTERNET REVOLUTION: THE NEED FOR TRANSFORMATION

17

Veljko Trivun, Mia Mrgud PROTECTION OF MINORITY SHAREHOLDERS IN TRANSITION ECONOMIES: THE LESSONS FOR B&H Veljko Trivun, Vedad Silajdzic, Fatima Mahmutcehajic, Mia Mrgud E-AVAILABILITY OF COMPANY INFORMATION: LEGAL ASPECT Veljko Trivun, Kanita Imamovic-Cizmic INSTITUTIONAL PRECONDITIONS OF LEGAL PROTECTION OF MARKET COMPETITION IN BOSNIA AND HERZEGOVINA

Conference Program Overview

Room: E-net Room: MIT Room: 2 Friday, October 12, 2012 13:30 – 15:00 SESSION I

INTERNATIONAL ECONOMICS Josip Viskovic THE OPTIMUM CURRENCY AREA AND THE CREDIBILITY OF MAASTRICHT CRITERIA Muamer Halilbasic TRADE ADVANTAGES AND SPECIALIZATION DYNAMICS OF SEE COUNTRIES Azra Hadziahmetovic, Aida Zaimovic THE BALANCE OF INFLUENCE AND FUTURE OF ECONOMIC SUPREMACY Sabina Silajdzic, Eldin Mehic HOW IMPORTANT ARE INSTITUTIONS IN PROMOTING FOREIGN DIRECT INVESTMENTS IN TRANSITION ECONOMIES?: EVIDENCE FROM SOUTHEAST EUROPEAN ECONOMIES Goran Buturac BEYOND THE GLOBAL RECESSION: MUTUAL TRADE AND ECONOMIC CONVERGENCE OF SEE COUNTRIES Hrvoje Josic, Mislav Josic NON-INTEREST CURRENT ACCOUNT SUSTAINABILITY IN TRANSITION COUNTRIES Zlatko Lagumdzija, Jasmina Selimovic, Mirza Krso, Emir Kurtic FACTORS OF COUNTRY’S COMPETITIVENESS WITH SPECIAL REFLECTION ON BOSNIA AND HERZEGOVINA

DEVELOPMENT ISSUES Flavius Rovinaru, Mihaela Rovinaru, Larisa Nicoleta Pop COMMODITY PRICE VOLATILITY IN THE MIDST AND BEYOND THE ECONOMIC CRISIS – IMPLICATIONS FOR ROMANIA Stefan Bojnec, Ladislav Kabat INCOMES AND INEQUALITIES: GAINERS AND LOSSERS Slavica Barbic, Mirna Leko Simic, Natasa Sarlija LOCAL AND REGIONAL GOVERNMENT SUPPORT TO THE NONPROFIT SECTOR IN CROATIA Davor Mikulic, Zeljko Lovrincevic, Andrea Galic-Nagyszombaty REGIONAL CONVERGENCE IN CROATIA Rabija Somun-Kapetanovic, Emina Resic, Adela Delalic CLASSIFICATION OF HOUSEHOLDS IN BOSNIA AND HERZEGOVINA ACCORDING TO MAIN POVERTY FACTORS Ensar Sehic STATISTICAL ESTIMATION: INTRODUCTION TO DEALING WITH COVERAGE ERRORS Katarina Marošević, Katarina Arnold Bratić LIFELONG LEARNING IN TERMS OF UNEMPLOYMENT REDUCTION: CROATIAN

BUSINESS ADMINISTRATION AND BUSINESS ECONOMICS 1 Vesna Zabkar, Damijan Mumel, Nina Hocevar MANAGEMENT INVOLVEMENT, MARKETING COMMUNICATION INTEGRATION AND BUSINESS PERFORMANCE IN COMPANIES IN A NEW EU COUNTRY Selma Kadic-Maglajlic, Jasmina Dlacic FACTORS INFLUENCING WINE CONSUMPTION OF GENERATION Y Merima Cinjarevic, Adi Alic TO SEEK A STATUS OR TO MAKE A CALL: INTERPLAY OF MATERIALISM, REFERENCE GROUP INFLUENCES AND STATUS CONSUMPTION Almir Pestek WOMEN ENTREPRENEURSHIP IN BOSNIA AND HERZEGOVINA Anto Domazet, Adi Alic CONVERGENCE OF HOUSEHOLD EXPENDITURES: SOME EVIDENCE FROM EUROPEAN UNION COUNTRIES Kasim Tatic, Merima Cinjarevic FAKE LUXURY: CONSUMER PURCHASE INTENTIONS FOR COUNTERFEIT LUXURY BRANDS

19

EXPERIENCE Adnan Efendic, Sabina Silajdzic, Viktorija Atanasovska ETHNIC TENSIONS, INSTITUTIONAL AND ECONOMIC PERFORMANCE IN BOSNIA AND HERZEGOVINA: WHAT ARE(NOT) THE CAUSAL LINKS?

Friday, October 12, 2012 15:30 – 17:00 SESSION II

FINANCIAL ECONOMICS Ivica Pervan, Marijana Bartulovic INTERNET FINANCIAL REPORTING - COMPARATIVE ANALYSIS FOR SELECTED CEE COUNTRIES Dijana Pocrnjic, Marko Miletic, Petar Pepur THE IMPACT OF ACCOUNTING TREATMENT OF OPERATING LEASING ON THE TRANSPARENCY OF FINANCIAL STATEMENTS Azra Zaimovic TESTING THE CAPM IN BOSNIA AND HERZEGOVINA - FURTHER EVIDENCE USING LOG RETURNS Sabina Silajdzic DETERMINANTS OF CAR LEASING DEFAULT AND PREPAYMENT: ASSESSMENT OF RISKS ASSOCIATED WITH AUTOMOBILE FINANCIAL LEASING IN A TRANSITION ECONOMY CONTEXT Barbara Mörec, Matevz Raskovic SMES’ INVESTMENT DYNAMIC BEFORE AND DURING THE ECONOMIC CRISIS: SOME EVIDENCE FROM SLOVENIA Chen-yin Kuo AN EMPRICAL STUDY ON CURRENT ACCOUNT, EXCHANGE

BUSINESS ADMINISTRATION AND BUSINESS ECONOMICS 2 Vesna Babic-Hodovic, Maja Arslanagic, Eldin Mehic IMPORTANCE OF INTERNAL MARKETING FOR SERVICE COMPANIES CORPORATE REPUTATION AND CUSTOMER SATISFACTION Crnkic Kenan, Cizmic Elvir, Sunje Aziz KNOWLEDGE MANAGEMENT AND INNOVATION AS DRIVING FORCES BEHIND SUCCESSFUL ENTREPRENEURSHIP Ivana Bilic, Srecko Goic, Gaia Vidovic HOW ISO STANDARD CERTIFICATION AFFECT ORGANIZATIONAL COMMUNICATION? EVIDENCE FROM CROATIA Sandro Jukovic, Mirjana Pejic Bach, Ksenija Dumicic, Nataša Sarlija SEGMENTATION IN BANKING USING SELF-ORGANIZING MAPS: A CASE STUDY OF BUSINESS CUSTOMERS Sanvila Vuk, Zijada Rahimic EVALUATION THE EFFECTS OF EMPLOYEES EDUCATION IN B&H COMPANIES

ISLAMIC ECONOMICS AND FINANCE (ROUND TABLE) M. Kabir Hassan, Benito Sanchez, Geoffrey Ngene FINANCIAL LIBERALIZATION AND THE DOMESTIC BANKING PERFORMANCE IN THE GULF AND MIDDLE EASTERN COUNTRIES Can Mehmet RISKS OF THE STOPPING PROFIT EQUALIZATION RESERVES (PERS) IN ISLAMIC BANKS M. Kabir Hassan, Jose Francisco Rubio NON-PARAMETRIC PERFORMANCE MEASUREMENT OF INTERNATIONAL AND ISLAMIC MUTUAL FUNDS Shinsuke Nagaoka FINANCIAL CRISIS AND ITS MACROECONOMIC IMPACT TO THE ISLAMIC ECONOMIC SYSTEM: A THEORETICAL INQUIRY Velid Efendic, Fikret Hadzic, Admir Meskovic STOCK MARKET SCREENING IN BOSNIA AND HERZEGOVINA BASED ON ISLAMIC FINANCE PRINCIPLES

20

RATE, STOCK PRICE: FURTHER EVIDENCE FROM EAST ASIAN COUNTRIES Dean Uckar BEHAVIORAL ELEMENTS IN CAPITAL STRUCTURE MANAGEMENT Sonja Remetic Horvath, Jasmina Okicic THE EFFECTS OF THE GLOBAL FINANCIAL CRISIS ON CAPITAL MARKETS IN CENTRAL AND EASTERN EUROPE Azra Zaimovic, Almira Arnaut-Berilo ARE THERE ANY DIVERSIFICATION POSSIBILITIES BETWEEN GERMAN AND BOSNIAN STOCK MARKETS

Dijana Vukovic, Boris Juric, Iva Focht MARKETING OF THE NEW AND ALETERNATIVE WAYS OF SAVING FOR STUDENTS Mateja Cop, Diana Plantic Tadic, Mirjana Bautovic ANALYSIS OF INFLUENCES ON CONSUMERS' ATTITUDES IN THE PROCESS OF HOTEL REPOSITIONING: CASE OF "TURIST" HOTEL – VARAŽDIN

Saturday, October 13, 2012 9:30 – 11:30 SESSION III

BUSINESS ADMINISTRATION AND BUSINESS ECONOMICS 3 Tea Baldigara, Maja Mamula TOURISM DEMAND MODELLING AND FORECASTING - A CASE STUDY OF CROATIA Dora Smolcic Jurdana, Daniela Soldic Frleta TOURISM DEVELOPMENT OF RURAL AREAS – CUSTOMER PERSPECTIVE Romina Alkier Radnic, Vedran Milojica, Danijel Drpic ECOTOURISM IN FUNCTION OF INCREASING COMPETITIVE ADVANTAGES OF THE REPUBLIC OF CROATIA AS A TOURIST DESTINATION Márta Bakucz FUTURE TRENDS IN SPA-TOURISM DEVELOPMENT – A CASE STUDY FROM THE SOUTH TRANSDANUBIAN REGION OF HUNGARY

INFORMATION TECHNOLOGY Davor Labas STRATEGIC EARLY WARNING SYSTEMS AND INFORMATION TECHNOLOGY SUPPORT IN CROATIAN FIRMS Savo Stupar, Elvir Sahic APPLICATION OF EXPERT SYSTEM IN ASSESSING THE LEVEL OF “SPIRITUALITY” OF AN ORGANIZATION Zlatan Sabic, Tarik Zaimovic DELUSION OF QUICK-WINS: ARE THE QUICK WINS AN ASSET OF OBSTACLE FOR INFORMATION SYSTEMS IMPLEMENTATION? Tanja Mihalic, Dimitrios Buhalis ICT AS A COMPETITIVE ADVANTAGE FACTOR – CASE OF SMALL TRANSITIONAL HOTEL SECTOR

MACROECONOMICS AND MONETARY ECONOMICS Goran Mirascic, Jasmina Selimovic FISCAL SUSTAINABILITY AS A PRECONDITION FOR MACROECONOMIC STABILITY WITH SPECIAL REFERENCE TO BOSNIA AND HERZEGOVINA Naida Carsimamovic Vukotic, Irena Jankulov Suljagic, Irina Smirnov THE WESTERN BALKANS POST-CRISIS POTENTIAL OUTPUT Matej Marinc COMPETITION POLICY IN A FINANCIAL CRISIS: THE CASE OF EUROPEAN BANKING Rabija Somun Kapetanovic, Emina Resic, Merima Balavac GROWTH PROSPECTS OF REMMITTANCES IN TRANSITION ECONOMIES

21

Elvedin Grabovica, Amila Pilav-Velic WHAT KIND OF INTERACTION CUSTOMERS EXPECT: A SURVEY CONDUCTED IN B&H Marija Ivanis BUSINESS ETHICS - MORAL RESPONSIBILITY OF THE MODERN COMPANY Merima Cinjarevic, Amra Rizvic, Lejla Turulja, Hatidza Jahic SHOULD I STAY OR SHOULD I GO?!STUDENTS’ ATTITUDES TOWARD STUDY ABROAD PROGRAMS

Lejla Turulja, Nijaz Bajgoric BEEING PREPARED FOR DISASTER? IMPLEMENTATION OF BUSINESS CONTINUITY PLANNING CONCEPT IN B&H COMPANIES

Saturday, October 13, 2012 12:00 – 13:30 SESSION IV

BUSINESS ADMINISTRATION AND BUSINESS ECONOMICS 4 Muamer Bezdrob, Aziz Sunje MANAGEMENT INNOVATION – MODEL DESIGN AND TESTING UNDER THE MARKET CONDITIONS OF F B&H Nidzara Osmanagic Bedenik, Dejana Dojcinovic Drilo, Davor Labas EARLY WARNING SYSTEM – THEORETICAL AND EMPIRICAL ANALYSIS Nikolina Decman, Ivana Sever LIQUIDITY MANAGEMENT IN SMALL AND MEDIUM-SIZED ENTITIES Kristina Crnjar CONTRIBUTION OF KNOWLEDGE MANAGEMENT TO THE DEVELOPMENT OF THE HOTEL ENTERPRISE’S COMPETITIVENESS Ines Milohnic, Ana-Marija Vrtodusic Hrgovic, Sanda Grudic Kvasic EVENT MANAGEMENT FROM THE PERSPECTIVE OF GUEST

BUSINESS ADMINISTRATION AND BUSINESS ECONOMICS 5 Boris Tusek, Ivana Pokrovac INDEPENDENCE AS A PRECONDITION OF AN EFFECTIVE INTERNAL AUDIT ACTIVITY Elif Ozturk, Ugur Ergun THE ROLE OF EDUCATION AND LEGAL STRUCTURE OF USING IFRS: THE CASE STUDY IN BOSNIA AND HERZEGOVINA Meliha Basic, Benina Veledar IMPACT OF FINANCIAL CRISES ON COMPANY'S FINANCIAL PERFORMANCE IN BOSNIA AND HERZEGOVINA Munira Sestic, Azra Mesihovic ECONOMIC CRISIS AND CHALLENGES OF WOMEN'S START-UP BUSINESS: EXAMPLE OF B&H Savo Stupar, Azra Brankovic UNCERTAINITY AVOIDENCE OF MANAGERS IN BOSNIA AND HERZEGOVINA

LAW AND ECONOMICS Veljko Trivun, Fatima Mahmutcehajic, Vedad Silajdzic LAW AND THE INTERNET REVOLUTION: THE NEED FOR TRANSFORMATION Veljko Trivun, Mia Mrgud PROTECTION OF MINORITY SHAREHOLDERS IN TRANSITION ECONOMIES: THE LESSONS FOR B&H Veljko Trivun, Vedad Silajdzic, Fatima Mahmutcehajic, Mia Mrgud E-AVAILABILITY OF COMPANY INFORMATION: LEGAL ASPECT Veljko Trivun, Kanita Imamovic-Cizmic INSTITUTIONAL PRECONDITIONS OF LEGAL PROTECTION OF MARKET COMPETITION IN BOSNIA AND HERZEGOVINA

22

SATISFACTION Kenan Ustovic, Zijada Rahimic QUALITY AS DIFERENTIATING ELEMENT IN THE B2B MARKET OF BIH Elvedin Grabovica, Amila Pilav-Velic THE BIGGEST CHALLENGES OF SUCCESSFUL CRM IMPLEMENTATION: CONCEPTUAL FRAMEWORK Adnan Efendic, Tomasz Mickiewicz, Anna Rebmann, Aziz Sunje IN DIVERSITY WE TRUST -NETWORKS AND BUSINESS ASPIRATIONS IN A POST-CONFLICT ENVIRONMENT

Suncica Oberman Peterka, Anamarija Delic “TRIPLE HELIX“ MODEL – WHY IT IS NOT EASY TO IMPLEMENT? CASE OF GROWTH YOUR BUSINESS PROGRAMME IN CROATIA Julia Peric ACADEMIC SERVICE LEARNING PROGRAM IN THE FUNCTION OF DEVELOPMENT OF ENTREPRENEURIAL BEHAVIORS OF COLLEGE STUDENTS Emir Kurtovic, Dzenana Hodzic INVESTING IN HUMAN RESOURCES, NEW VISION OF COMPETITIVENESS OF ENGINEERING IN BOSNIA AND HERZEGOVINADividends – Lagging Indicator Of Companies’ Business?

Acknowledgement of Support