CONFERENCE ECONOMIC POLICY FOR SMART, INCLUSIVE AND SUSTAINABLE GROWTH UNIVERSITY OF BELGRADE - FACULTY OF ECONOMICS JUNE 2017, BELGRADE DAY1

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1 CONFERENCE ECONOMIC POLICY FOR SMART, INCLUSIVE AND SUSTAINABLE GROWTH UNIVERSITY OF BELGRADE - FACULTY OF ECONOMICS JUNE 2017, BELGRADE DAY1 15 June 2017 Registration& Coffee , mezzanine floor (hall in front of amphitheater A1) Opening ceremony amphitheater A1, mezzanine floor: 1) Prof. dr Branislav Boričić, Dean of the University of Belgrade - Faculty of Economics ( ) 2) Prof. dr Dušan Vujović, Minister of Finance of the Republic of Serbia ( ) 3) Keynote speech: Prof. dr Branko Milanović, City University of New York and LIS - Global Inequality ( , amphitheater A1) Coffee break ( , hall in front of A1) Keynote speeches: 4) Prof. dr Michael Cox, LSE - Global Politics and Globalization in an Age of Populism: Brexit, Trump and Beyond ( , amphitheater A1) 5) Prof. dr Leszeck Balcerowicz, Warsaw School of Economics - Changes After Socialism ( , amphitheater A1) Lunch break ( , restaurant at the 7 th floor) 6) Prof. dr Giacomo Corneo, Free University of Berlin - Updating the Social Market Economy: Redistribution through Sovereign Wealth Funds ( , Professors Hall, 1 st floor) PARALLEL SESSIONS TIME ROOM Institutions, structural policies and sustainable growth, Chair: Ivan Vujačić Professors hall (1 st floor) Dragan Đuričin & Iva Vuksanović, University of Belgrade - Faculty of Economics INDUSTRIAL POLICY PROGRAMME FOR KEY SECTORS IN SERBIA Filip Fidanoski & Bas van Aarle, K.U. Leuven - University of Luxembourg INSTITUTIONAL REFORMS AND PRIVATISATION IN THE WESTERN BALKAN COUNTRIES Minakshee Das, Faculty of Economics - University of Ljubljana AN EMPIRICAL ANALYSIS OF IMPACT OF FDI ON GROWTH IN CEE COUNTRIES Milojko Arsić, Aleksandra Nojković & Saša Ranđelović, University of Belgrade - Faculty of Economics ECONOMIC GROWTH IN CENTRAL AND EASTERN EUROPE: THE ROLE OF ECONOMIC POLICY AND INSTITUTIONS VERSUS EU TRENDS New macroeconomic framework in the post-crisis era, Chair: Miomir Jakšić Room no. 10 (1 st floor) Miomir Jakšić, University of Belgrade - Faculty of Economics ASIATIC MODE OF PRODUCTION REVIVED Aleksandar Živković & Slobodan Lakić, University of Belgrade - Faculty of Economics and Faculty of Economics - University of Montenegro MONETARY POLICY AND FINANCIAL STABILITY IN A CRISIS CONTEXT

2 Zorica Mladenović, Milojko Arsić & Vladimir Andrić, University of Belgrade - Faculty of Economics and Institute of Economic Sciences NONLINEARITIES, STRUCTURAL BREAKS AND DRIVERS OF PUBLIC DEBT DYNAMICS IN SELECTED SOUTH-EASTERN EUROPEAN COUNTRIES Dejan Šoškić, University of Belgrade - Faculty of Economics MONETARY POLICY AND GROWTH: LESSONS FOR CESEE COUNTRIES Inequality and growth sustainability, Chair: Jelena Žarković Rakić Room no. 28 (2 nd floor) Gorana Krstić & Jelena Žarković Rakić, University of Belgrade - Faculty of Economics PLEASE, MIND THE GAP: INCOME INEQUALITY IN SERBIA Sarah Kuypers, Francesco Figari & Gerlinde Verbist, Herman Deleeck Centre for Social Policy, University of Antwerp, University of Insubria and ISER University of Essex REDISTRIBUTION IN A JOINT INCOME-WEALTH PERSPECTIVE: A CROSS-COUNTRY COMPARISON Viktor Stojkoski & Dragan Tevdovski, Research Center for Computer Science and Information Technologies, Macedonian Academy of Sciences and Arts. and Faculty of Economics University Ss. Cyril and Methodius THE ROLE OF INEQUALITY AND COMPLEXITY IN THE LONG RUN INCOME DYNAMICS Tatjana Stefanović, Economics Institute Belgrade TOWARDS THE MORE INCLUSIVE GROWTH: EXTERNAL CAPITAL FLOWS AND INEQUALITY Coffee break ( , Reception Lounge, 1 st floor) Institutions, structural policies and sustainable growth, Chair: Milojko Arsić Professors hall (1 st floor) Đorđe Mitrović & Svetozar Tanasković, University of Belgrade - Faculty of Economics THE DIFFUSION OF E-SERVICES AND ECONOMIC PERFORMANCE OF WESTERN BALKAN COUNTRIES A DEA BASED APPROACH Žaklina Stojanović & Radmila Dragutinović Mitrović, University of Belgrade - Faculty of Economics DETERMINANTS OF FINANCIAL PERFORMANCE OF COMMERCIAL FARMS IN SERBIA: THE FADN DATA ANALYSIS BASED ON CROP PRODUCTION Biljana Jovanović Gavrilović & Mirjana Gligorić, University of Belgrade - Faculty of Economics CREATIVE CAPACITY AND DEVELOPMENT PERFORMANCE OF EUROPEAN UNION AND WESTERN BALKAN COUNTRIES Gojko Rikalović & Dejan Molnar, University of Belgrade - Faculty of Economics INTERDEPENDENCE ANALYSIS OF COUNTRY'S (IN)STABILITY AND ECONOMIC DEVELOPMENT, ESPECIALLY IN THE WESTERN BALKAN Siniša Milošević, Dejan Trifunović & Jelena Popović Markopoulos, Serbian Commission for Protection of Competition, University of Belgrade - Faculty of Economics, Serbian Commission for Protection of Competition THE IMPACT OF COMPETITION POLICY ON ECONOMIC DEVELOPMENT IN THE CASE OF DEVELOPING COUNTRIES Aleksandra Đorđević & Emir Zildžović, University of Belgrade - Faculty of Economics and McKinsey&Company SHIFTS IN INTERNATIONAL INVESTMENT POSITIONS OF EMERGING MARKETS: SHORT-TERM OR LONG TERM PHENOMENON?

3 New macroeconomic framework in the post-crisis era, Chair: Aleksandra Praščević Room no. 10 (1 st floor) Đorđe Đukić, University of Belgrade - Faculty of Economics PROSPECTS FOR MONETARY POLICY NORMALIZATION IN THE EUROZONE AND BEHAVIOUR OF FINANCIAL INTERMEDIARIES Aleksandra Praščević, University of Belgrade - Faculty of Economics VARIETIES OF ECONOMIC THEORIES: FROM THE COLLAPSE OF THE CONCEPT OF FULL-EMPLOYMENT CAPITALISM TO THE AGE OF SECULAR STAGNATION AND THE RISE OF MERCANTILISM Mirna Dumicic, Croatian National Bank IMPACT OF FISCAL POLICY ON FINANCIAL STABILITY Jelena Rašković & Zorica Mladenović, University of Belgrade - Faculty of Economics INTEREST RATE PARITY PUZZLE: EMPIRICAL EVIDENCE FROM CEE COUNTRIES Miladin Milošević, Udruženje Ideas, Bosnia and Herzegovina QUANTITATIVE EASING: IDEA, GOALS, RESULTS AND SPILLOVER EFFECTS TO BIH AND SERBIA Milutin Ješić, University of Belgrade - Faculty of Economics FINANCIAL STABILITY AS ONE OF THE AIMS OF COORDINATION BETWEEN MONETARY AND FISCAL POLICY Nadežda Silaški & Tatjana Đurović, University of Belgrade - Faculty of Economics ON THE EUROZONE SOVEREIGN DEBT CRISIS FROM A MULTIMODAL COGNITIVE PERSPECTIVE Contemporary issues in trade, Chair: Dragan Stojković Room no. 28 (2 nd floor) Zoran Bogetić, University of Belgrade - Faculty of Economics SHOPPER FOCUSED RETAILING-NEW GROWTH STRATEGY Svetlana Sokolov Mladenović & Sreten Ćuzović, Faculty of Economics - University of Niš IMPACT OF INNOVATION ON TRADE DEVELOPMENT EVIDENCE FROM SERBIA Dragan Stojković, University of Belgrade - Faculty of Economics HOW SMARTPHONES ENABLE SUSTAINABLE RETAIL GROWTH? Marija Mandarić & Dejan Sekulić, Faculty of Hotel Management and Tourism - University of Kragujevac CUSTOMER RELATIONSHIP MANAGEMENT IN THE FUNCTION OF CREATING CUSTOMER SATISFACTION AND BRAND LOYALTY Dejan Tešić, Faculty of Economics Brčko - University of East Sarajevo SHOPPER MARKETING AS A FUNCTION OF MODERN DISTRIBUTION CHANNELS CONFERENCE DINNER ( ) Restauran CARUSO Terazije 23/8 (8 th floor)

4 DAY2 16 June 2017 Rising stars, Chair: Branko Urošević Room no. 10 (1 st floor) Rigissa Megalokonomou, University of Queensland - Australia WHY ARE THERE FEWER WOMEN ENGINEERS? EVIDENCE FROM TEACHER STEREOTYPES Nemanja Antić, Kellogg School of Management - North Western University COMMUNICATION AMONG INVESTORS Una Savić, LSE - UK MONEY MARKETS AND BORROWER TRANSPARENCY: EVIDENCE FROM DODD-FRANK ACT STRESS TESTING POLICY Contemporary issues in trade, Chair: Goran Petković Professors hall (1 st floor) Goran Petković & Stipe Lovreta, University of Belgrade - Faculty of Economics STRATEGIC FRAMEWORK FOR THE SERBIAN RETAIL AND WHOLESALE SECTOR DEVELOPMENT Dario Dunkovic, Kosjenka Dumancic & Diana Obranovic, Faculty of Economics and Business - University of Zagreb CONSUMER PROTECTION POLICY PERFORMANCE IN EUROPEAN COUNTRIES Blaženka Knežević, Eva Pavić & Petra Škrobot, Faculty of Economics and Business - University of Zagreb THE CHANGING FUNCTION OF SHOPPING CENTERS IN A SATURATED MARKET Nada Barac & Aleksandra Anđelković, Faculty of Economics - University of Niš THE CONTRIBUTION OF RETAIL CHAINS TO ENVIRONMENTAL PROTECTION Jelena Končar & Sonja Leković, Faculty of Economics in Subotica - University of Novi Sad THE GROWTH OF MULTICHANNEL APPROACH ON THE GLOBAL RETAIL ELECTRONIC MARKET Contemporary issues in management and marketing, Chair: Biljana Bogićević Milikić Room no. 28 (2 nd floor) Derrick Abudu, University of Nottingham CORRUPTION AND FIRM PERFORMANCE IN AFRICA Galjina Ognjanov, University of Belgrade - Faculty of Economics MARKET OPPORTUNITIES FOR LOCAL MEDIA IN SERBIA AFTER PRIVATIZATION Biljana Bogićević Milikić, University of Belgrade - Faculty of Economics ORGANIZATIONAL DESIGN: RESOLVING THE CONFLICTS BUILT-IN MATRIX STRUCTURES Jasna Soldić-Aleksić & Biljana Chroneos-Krasavac, University of Belgrade - Faculty of Economics THE NEW TENDENCIES IN BUSINESS ANALYTICS RELEVANT FOR MORE EFFECTIVE AND SMART BUSINESS DECISION-MAKING Coffee break ( , Reception Lounge, 1 st floor)

5 Inequality and growth sustainability, Chair: Gorana Krstić Professors hall (1 st floor) Bart Capéau, André Decoster, Sebastiaan Maes & Toon Vanheukelom, KU Leuven PIECEMEAL MODELLING OF THE EFFECTS OF JOINT DIRECT AND INDIRECT TAX REFORMS Ksenija Dumičić, Josipa Akalović Antić & Adela Delalić, Faculty of Economics and Business - University of Zagreb, University of Applied Sciences VERN' Zagreb and School of Economics and Business - University of Sarajevo MEASURING INEQUALITY IN BOSNIA AND HERZEGOVINA: FOCUSING THE PERFORMANCE OF THE PALMA INDEX Mihail Arandarenko, University of Belgrade - Faculty of Economics IMPACT OF FISCAL CONSOLIDATION MEASURES ON INCOME INEQUALITY IN SERBIA Sonali Jain-Chandra, Tidiane Kinda, Kalpana Kochhar, Shi Piao & Johanna Schauer, International Monetary Fund SHARING THE GROWTH DIVIDEND: ANALYSIS OF INEQUALITY IN ASIA Marko Vladisavljević, Institute for Economic Sciences, Belgrade PUBLIC SECTOR WAGE PREMIUM AND FISCAL CONSOLIDATION IN SERBIA Contemporary issues in management and marketing, Chair: Galjina Ognjanov Room no. 28 (2 nd floor) Slobodan Aćimović, Veljko M. Mijušković & Ivan Stevanović, University of Belgrade - Faculty of Economics and Stivex, Belgrade THE ROLE OF LEAD TIME CONCEPT IN MANAGING THE FASHION SUPPLY CHAINS Igor Kovačević, University of Belgrade - Faculty of Economics INFORMATION TECHNOLOGY AND SOCIAL MEDIA: THEORETIC FRAMEWORK AND INFLUENCE ON THE MEETINGS INDUSTRY Lazar Čolić & Zorica Čeliković, University of Belgrade - Faculty of Economics THE INFLUENCE OF GENDER AND TIME DISTANCE WHILE EVALUATING THE ENTREPRENEURIAL UNDERTAKING Dušan Mojić, University of Belgrade - Faculty of Economics CULTURAL DISTANCE AND ORGANIZATIONAL PERFORMANCE IN TRANSITION: POSSIBLE IMPLICATIONS OF THE GLOBE RESEARCH PROGRAM Developments in quantitative modeling of economic behavior, Chair: Vesna Rajić Room no. 10 (1 st floor) Branislav Boričić, University of Belgrade - Faculty of Economics ON IMPOSSIBILITY THEOREM TRADITION IN SCIENTIFIC HERITAGE Matthijs Breugem & Marija Đorđević, Frankfurt School of Finance and Management and University of Belgrade - Faculty of Economics DYNAMIC PORTFOLIO CHOICE, INFORMATION ACQUISITION AND INVESTMENT HORIZON Jelena Stanojević & Katarina Kukić, University of Belgrade - Faculty of Economics and Faculty of Traffic and Transport Engineering University of Belgrade APPLICATIONS OF DIFFERENCE EQUATIONS IN ECONOMICS. THE IMPORTANCE OF STUDYING DIFFERENCE EQUATIONS THROUGH THE MATHEMATICS COURSES FOR ECONOMICS Mladen Stamenković, Marijana Petrović & Nataša Bojković, University of Belgrade - Faculty of Economics and Faculty of Transport and Transport Engineering - University of Belgrade

6 STEPWISE BENCHMARKING MODELIN PUBLIC POLICY MODELLING Ivana Ivković & Vesna Rajić, University of Belgrade - Faculty of Economics CONFIDENCE INTERVALS FOR THE REGRESSION COEFFICIENT Special lecture: John Lampe, University of Maryland - FINANCING GROWTH IN SOUTHEASTERN EUROPE, LESSONS FROM ECONOMIC HISTORY Professors hall (1 st floor) Lunch break ( , restaurant at the 7 th floor) Institutions, structural policies and sustainable growth, Chair: Mirjana Gligorić Room no. 28 (2 nd floor) Yilmaz Bayar, Faculty of Economics and Administrative Sciences - Usak University IMPACT OF GREENFIELD AND BROWNFIELD FDI INFLOWS ON ECONOMIC GROWTH IN CENTRAL AND EASTERN EUROPEAN COUNTRIES Branko Radulović, Faculty of Law - University of Belgrade COMMERCIAL BANKS' BEHAVIOR IN CORPORATE REORGANIZATIONS Svetislav Kostić, Faculty of Law - University of Belgrade A LEGAL ANALYSIS OF TAX IMMUNITIES AS ECONOMIC POLICY TOOLS IN SERBIA Ivan Vujačić, Jelica Petrović-Vujačić, Svetozar Tanasković & Marko Miljković, University of Belgrade - Faculty of Economics and Faculty of Transport and Traffic Engineering - University of Belgrade ECONOMIC GROWTH AND DEVELOPMENT IN THE STATES OF THE FORMER YUGOSLAVIA Milena Lutovac, University of Belgrade - Faculty of Economics THE NEW ORIENTATION OF THE EUROPEAN UNION INDUSTRIAL POLICY Veljko Bojović, University of Belgrade - Faculty of Economics SUBSIDIZING (FOREIGN) DIRECT INVESTMENTS EFFICIENCY ANALYSIS WITH DEA Labour market performances: measurement and policies, Chair: Mihail Arandarenko Room no. 10 (1 st floor) Biljana Radivojević & Biljana Jovanović Gavrilović, University of Belgrade - Faculty of Economics THE IMPACT OF DEMOGRAPHIC CHANGES ON THE SUSTAINABILITY OF THE LABOR FORCE IN SERBIA Nikica Mojsoska Blazevski, Marjan Petreski & Marjan Bojadziev, University American College Skopje YOUTH SURVIVAL ON THE LABOUR MARKET: COMPARATIVE EVIDENCE FROM THREE WESTERN BALKAN ECONOMIES Alper Duman, Izmir University of Economics INACTIVE YOUTH IN TURKEY:GENDER AND REGIONAL GAPS Dejan Trifunović & Maja Jandrić, University of Belgrade - Faculty of Economics THE EFFECT OF EMPLOYMENT PROTECTION LEGISLATION (EPL) ON MARKETS WITH DIFFERENT LEVEL OF COMPETITION Aleksandra Anić & Gorana Krstić, University of Belgrade - Faculty of Economics ARE THE UNEMPLOYED AND INACTIVE FINANCIALLY TRAPPED: EVIDENCE FROM SERBIA

7 Financing growth: role of financial markets and institutions, Chair: Dejan Šoškić Professors hall (1 st floor) Jelena Kočović, Tatjana Rakonjac Antić & Marija Koprivica, University of Belgrade - Faculty of Economics SPECIFICS OF INSURANCE PRODUCT PRICE FORMATION Branko Urošević, University of Belgrade Faculty of Economics MARKET RISK MANAGEMENT IN A POST-BASEL II REGULATORY ENVIRONMENT Ivana Ribać, Università Cattolica del Sacro Cuore BANKING UNION AS SHOCK ABSORBER MYTH OR POSSIBILITY? Diana Ayala, Milan Nedeljković & Christian Saborowski, International Monetary Fund and National Bank of Serbia WHAT SLICE OF THE PIE? THE CORPORATE BOND MARKET BOOM IN EMERGING ECONOMIES Miloš Božović, University of Belgrade - Faculty of Economics MY SHIPS COME HOME A MONTH BEFORE THE DAY: VENETIAN PUBLIC DEBT SERVICING AND PRECIOUS METALS FROM THE BALKANS Irena Janković, Svetlana Popović & Velimir Lukić, University of Belgrade - Faculty of Economics SHADOW BANKING IMPACT ON FINANCIAL STABILITY Coffee break ( , Reception Lounge, 1 st floor) Financing growth: role of financial markets and institutions, Chair: Miloš Božović Professors hall (1 st floor) Dušan Jovanovič & Sabina Taskar Beloglavec, Faculty of Economics and Business - University of Maribor BAD BANK: THE CASE OF SLOVENIA Marija Radulović, Faculty of Economics - University of Kragujevac, PhD candidate THE POSSIBILITY OF FURTHER DEVELOPMENT OF FINANCIAL DERIVATIVES MARKET IN THE REPUBLIC OF SERBIA Dražen Cvijanović, University of Belgrade - Faculty of Economics (PhD candidate) FINANCIAL NETWORKS ANALYSIS AND BANKING SYSTEMS OF THE WESTERN BALKAN COUNTRIES Slađana Sredojević, Institute of Economic Sciences in Belgrade ANALYSIS OF THE PUBLIC-PRIVATE PARTNERSHIP MARKET IN THE WESTERN BALKAN REGION: LESSONS LEARNED AND PERSPECTIVES Green growth, Chair: Dejan Molnar Professors hall (1 st floor) Jadranka Đurović Todorović, Marina Đorđević & Miloš Stojanović, Faculty of Economics - University of Niš ЕFFICIENCY OF THEREFUND SYSTEM OF NITROGEN OXIDESEMISSIONS CHARGE IN THE KINGDOM OF SWEDEN Lidija Hauptman, Andreja Lutar Skerbinjek & Matjaž Denac, Faculty of Economics and Business - University of Maribor AWARENESS OF ENVIRONMENTAL ACCOUNTING: CASE STUDY OF SLOVENIA International trade and sustainable growth, Chair: Predrag Bjelić Room no. 10 (1 st floor) Jelena Kozomara, University of Belgrade - Faculty of Economics SERBIA'S FOREIGN TRADE NETWORK IN THE PERIOD

8 Tomasz Grodzicki, Nicolaus Copernicus - University in Toruń INTERNATIONAL TRADE OF WESTERN BALKANS: GAINS AND LOSSES FROM BEING OUTSIDE THE EU Predrag Bjelić, Radmila Dragutinović Mitrović & Ivana Popović Petrović, University of Belgrade - Faculty of Economics EU AND CEFTA 2006 TRADE BARRIERS: CONTEMPORARY MEASUREMENT CONCEPTS Sanja Mitić, Božidar Cerović & Mirjana Gligorijević, University of Belgrade - Faculty of Economics EXPORT BARRIERS PERCEPTION IN SERBIAN FIRMS LESSONS FOR POLICY MAKERS AND MANAGERS Ivana Prica, University of Belgrade - Faculty of Economics LIBERALISATION OF TRADE IN SERVICES AND ECONOMIC DEVELOPMENT WITHIN CEFTA Education, innovation and growth, Chair: Đorđe Mitrović Room no. 28 (2 nd floor) Todor Spariosu & Biljana Bodroski Spariosu, Non-affiliated economic consultant and Faculty od Philosophy- University of Belgrade MACROECONOMIC EFFECTS OF VOCATIONAL EDUCATION AND TRAINING Joksimović Ljubinka & Vuksanović Nemanja, University of Belgrade - Faculty of Economics PRESCHOOL EDUCATION AS A DETERMINANT OF EDUCATIONAL ATTAINMENT: UNCONDITIONAL QUANTILE REGRESSION AND PROBIT ANALYSIS FOR SERBIA Milorad Filipović & Miroljub Nikolić, University of Belgrade - Faculty of Economics and Ministry of Economy -Republic of Serbia IMPORTANCE OF INNOVATIONS FOR ENHANCE OF COMPETITIVE POSITION OF SERBIA AND WESTERN BALKAN REGION Martina Dragija, Faculty of Economics and Business - University of Zagreb DRIVERS AND OBSTACLES OF THE FULL COSTING IMPELMENATION AT HIGHER EDUCATION INSTITUTIONS Emilija Manić, University of Belgrade - Faculty of Economics GEOGRAPHIC INFORMATION SYSTEMS AND ECONOMY A NEW TECHNOLOGY FOR SUSTAINABLE DEVELOPMENT? Slavica Manić, University of Belgrade - Faculty of Economics THE POSITION OF WOMEN IN THE ACADEMIC HIERARCHY: CASE STUDY OF SERBIA Corporate governance, financial reporting and business ethics, Chair: Ana Aleksić Mirić Room no. 15 (1 st floor)) Ana Aleksić Mirić, Miroslav Todorović & Nebojša Janićijević, University of Belgrade - Faculty of Economics TOWARDS IMPROVEMENTS OF CORPORATE GOVERNANCE INSTATE-OWNED ENTERPRISES IN SERBIA: HOW CAN A SYMBIOSIS BETWEEN A BETTER BOARD STRUCTURING AND A GOOD INTERNAL CONTROL HELP? Andreja Primec & Jernej Belak, Faculty of Economics and Business - University of Maribor SUSTAINABLE DEVELOPMENT A CHALLENGE OR AN OBSTACLE FOR CORPORATE GOVERNANCE Dragan Lončar & Filip Stojanović, University of Belgrade - Faculty of Economics CORPORATE GOVERNANCE IN PUBLIC ENTERPRISES IN SERBIA Amira Pobrić, Faculty of Economics Brčko - University of East Sarajevo THE EFFECT OF BUDGETING PROCESS CHARACTERISTICS ON SUBORDINATE MANAGERS PROPENSITY TO CREATE BUDGETARY SLACK

9 Radmila Jablan Stefanović & Vladan Knežević, University of Belgrade - Faculty of Economics COST ACCOUNTING AS A RELIABLE INFORMATION SOURCE FOR THE COMPANY MANAGEMENT DAY3 17 June 2017 Education, innovation and growth, Chair: Emilija Manić Professors hall (1 st floor) Will Bartlett & Milica Uvalić, London School of Economics and Political Science and University of Perugia THE EFFECTIVENESS OF HIGHER EDUCATION& LABOUR MARKET SYSTEMS IN THE WESTERN BALKANS: A PRECONDITION FOR SMART GROWTH POLICIES IN THE REGION Jovo Ateljević & Donato Iacobucci, Department of Business Economics, Management and Marketing - University of Banja Luka and Department of Information Engineering - Università Politecnicadelle Marche THE ROLE OF UNIVERSITIES IN PROMOTING HIGH-TECH ENTREPRENEURSHIP IN BOSNIA & HERZEGOVINA Klaus Zeppenfeld, Hamm-Lippstadt University of Applied Science ON THE EFFECTS OF INTERDISCIPLINARITY AS A DRIVER OF GROWTH FOR INNOVATIONS IN EDUCATION UND ECONOMY EXEMPLIFIED BY THE FOUNDING OF THE NEW HAMM-LIPPSTADT UNIVERSITY OF APPLIED SCIENES IN GERMANY Katerina Tosevska-Trpcevska, Elena Makrevska Disoska, Dragan Tevdovski & Viktor Stojkoski, Faculty of Economics University Ss. Cyril and Methodius and Macedonian Academy for Sciences and Arts WHAT IS THE ROLE OF INNOVATION IN PRODUCTIVITY GROWTH IN EUROPEIN TIMES OF CRISIS? Dragan Azdejković, Dušan Marković & Danica Jović, University of Belgrade - Faculty of Economics MECHANISM DESIGN IN ACADEMIC EDUCATION: CASE STUDY OF SERBIA Corporate governance, financial reporting and business ethics, Chair: Miroslav Todorović Room no. 10 (1 st floor) Danica Jović, University of Belgrade - Faculty of Economics WHAT SHOULD BE KNOWN BEFORE TRANSITION TO THE ACCRUAL BASIS OF ACCOUNTING IN THE PUBLIC SECTOR ENTITIES IN REPUBLIC OF SERBIA? Milan Glišić, University of Belgrade - Faculty of Economics PRICE-TO-BOOK VALUE IN THE SOUTHEAST EUROPE Milutin Živanović & Siniša Radić, University of Belgrade - Faculty of Economics THE IMPACT OF INTERNALLY GENERATED GOODWILL ON PROFITABILITY AND SOLVENCY A CASE STUDY OF COMMERCIAL BANKS IN SERBIA Dragana Draganac, University of Belgrade - Faculty of Economics DIVIDEND SHOCKS AND STOCK RETURNS: AN EXPERIMENTAL STUDY Closing ceremony Special lecture: Milica Uvalić, University of Perugia THE WESTERN BALKANS: THE CHALLENGES OF LONG-TERM GROWTH Professors hall (1 st floor) - Conference summary and farewell Professors hall (1 st floor)

10 NOTE: Interested authors of the accepted abstracts will be invited to select one of the publication options: to submit the whole paper for publication in the Conference proceedings (deadline for sending the full paper August 31, 2017); or to submit the paper for publication in one of journals of the Faculty of Economics in Belgrade: Economic Annals;, Economic Ideas and Practice; or Marketing ( *Authors can also present their abstract at the Conference without publishing the paper in any of the publications. *Division of time: 20 minutes per presenter (15 minutes for presentation, 5 min. for discussion) *Presenters are kindly asked to bring their presentations on a portable storage device (USB flash drive) and have them uploaded to one of the computers at the registration desks. WiFi information Network name: Ekonomski fakultet Password: ekof80211

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