Faculty of Economics

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    Mapping the Evolution of Financial Statement Analysis: A Comprehensive Bibliometric Review
    (The Institute of Economics, Zagreb, 2026-01-30)
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    Time envelopment analysis: A new method for effectively incorporating time series in data envelopment analysis
    (Elsevier BV, 2025-07)
    Tavana, Madjid
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    Toloo, Mehdi
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    Santos-Arteaga, Francisco J.
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    Farnoudkia, Hajar
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    Unveiling the nexus between corporate social responsibility (CSR) and employee satisfaction: a comprehensive bibliometric analysis
    (Emerald Publishing, 2025-01-02)
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    Purpose Researchers have tried analysing how the organizations’ practices of doing good can help improve their employees’ satisfaction over the past couple of decades. Employee satisfaction has a complicated relationship with a company’s corporate social responsibility (CSR) activities. Subsequently, the purpose of this paper is to conduct a bibliometric analysis and a literature review to trace the links between CSR and employee satisfaction, summarize and analyse the advances in this field, the knowledge gaps, publishing trends and further directions for future research. Design/methodology/approach The authors conducted a bibliometric analysis followed by a literature review of papers indexed in the Scopus database and published between 2000 and 2022. A total of 233 papers were identified, while 152 of them met the inclusion criteria for the analysis. Findings The subsequent analysis sheds light on the overlaps and connections between the two phenomena in human resource management (HRM). The authors outline potential avenues for future research and practical insight into how to leverage CSR activities for increasing work satisfaction. Originality/value By detailing the different ways CSR and employee satisfaction impact one another, analysing their relations and other supporting constructs, the authors contribute to the academic discourse by synthesizing prevailing literature and introducing practical guides for human resource (HR) professionals, managers and executives to manage turbulent surroundings more effectively, considering the major disruptions post-COVID-19 and the adoption of advanced technologies.
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    Comparative Analysis of Skill Shortages, Skill Mismatches, and the Threats of Migration in Labor Markets: A Sectoral Approach in North Macedonia, Türkiye, Ethiopia, and Ukraine
    (MDPI AG, 2025-05-12)
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    İmrol, Meryem Hamsi
    Labor markets worldwide are increasingly strained by skill shortages, mismatches, and migration pressures, disrupting workforce stability and economic growth. This study conducts a comparative sectoral analysis in North Macedonia, Türkiye, Ethiopia, and Ukraine, focusing on the manufacturing, information and communication technology, and hospitality sectors, to examine the root causes and economic consequences of these challenges. Using a qualitatively driven mixed-methods approach, the research integrates expert interviews, surveys, and labor market data to assess skill gaps, workforce imbalances, and the role of migration. The findings reveal education–industry misalignment, inadequate vocational training, and low wages as persistent drivers of shortages. Additionally, the war in Ukraine, internal conflicts in Ethiopia, and refugee inflows in Türkiye amplify workforce instability, while North Macedonia faces severe emigration, particularly in the sectors of manufacturing and information and communication technologies. These insights are essential for policymakers, industry leaders, and educators in designing labor market interventions that foster workforce resilience. The study recommends national qualification reforms, industry–education collaboration, and improved wage structures to mitigate talent loss and strengthen labor market sustainability. By offering empirical evidence from diverse socio-economic contexts, this research contributes to global discussions on workforce development, migration economics, and labor policy reforms.
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    Динамика на трудовата миграција и интеграција на работната сила во Северна Македонија: вештини, усогласување и правичност
    (Универзитет „Св. Кирил и Методиј“ во Скопје, Економски факултет - Скопје, 2026)
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    Analytical Modelling of Graduated Economists’ Employment
    (Springer International Publishing, 2022-11-12)
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    Brain-Drain and Skill Mismatch: Can Higher and Vocational Education Bridge the Gap?
    (2025)
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    Objectives: This study explores how migration dynamics can shape the ability of education and training systems to address skill shortages and labor market mismatches through a unique comparative study of findings from North Macedonia, Ethiopia, and Ukraine which are considered countries of origin for migrants. Specifically, it investigates whether Higher Education Institutions (HEIs) and Vocational Education and Training (VET) providers can produce graduates whose qualifications align with the evolving economic demands, and how these institutions adapt their curricula, foster collaboration with the industry, and cope with resource constraints to mitigate skill gaps which are notably pronounced by brain-drain. Data and Methods: Based on primary qualitative data from conducted interviews with HEIs and VETs, labor market intermediaries, and policy stakeholders, we employed a thematic content analysis to extract patterns regarding curriculum relevance, tracking of graduate employability, perceptions on the quality of education, and responsiveness to technological and structural labor market changes. Additionally, secondary data from statistical databases on migration flows and employment trends throughout the last decade contextualize the interview findings, thus providing a comparation between the four countries. Results: Findings show that a significant share of education institutions believe their qualifications meet the labor market needs, but systematic tracking of graduate outcomes remains a challenge. Interviewees acknowledge skill mismatches since curriculum updates struggle to keep pace with the rapid organizational and technological changes. As a significant contributor towards this is also the insufficient cooperation with businesses. While many institutions attempt to update programs through stakeholder consultation or national accreditation processes, financial constraints were highlighted to limit the required improvement. Furthermore, it is generally understood that brain-drain amplifies the national labor shortages, as graduates with relatively better skill and performance often emigrate for better opportunities. Policy measures such as targeted training programs, wage subsidies, and even active labor market interventions seem to be already employed but yield mixed results across countries. Interviewees emphasize the importance of practical internships, flexibility in learning, and modernized educational frameworks in mitigation of skill shortages and retention of domestic talent. Conclusions: The study highlights an urgent need for reinforced institutional collaboration and robust curriculum reforms that align with global standards. Strengthening public-private partnerships, greater integration of technology as well as enhancing international cooperation particularly through EU-led frameworks appears to be essential in mitigating brain-drain and ensuring that education and training systems in the four countries respond effectively to the labor market demands.
  • Some of the metrics are blocked by your 
    Item type:Publication,
    Comparative Analysis of Skill Shortages, Skill Mismatches, and the Threats of Migration in Labor Markets: A Sectoral Approach in North Macedonia, Türkiye, Ethiopia, and Ukraine
    (MDPI AG, 2025-05-12)
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    İmrol, Meryem Hamsi
    Labor markets worldwide are increasingly strained by skill shortages, mismatches, and migration pressures, disrupting workforce stability and economic growth. This study conducts a comparative sectoral analysis in North Macedonia, Türkiye, Ethiopia, and Ukraine, focusing on the manufacturing, information and communication technology, and hospitality sectors, to examine the root causes and economic consequences of these challenges. Using a qualitatively driven mixed-methods approach, the research integrates expert interviews, surveys, and labor market data to assess skill gaps, workforce imbalances, and the role of migration. The findings reveal education–industry misalignment, inadequate vocational training, and low wages as persistent drivers of shortages. Additionally, the war in Ukraine, internal conflicts in Ethiopia, and refugee inflows in Türkiye amplify workforce instability, while North Macedonia faces severe emigration, particularly in the sectors of manufacturing and information and communication technologies. These insights are essential for policymakers, industry leaders, and educators in designing labor market interventions that foster workforce resilience. The study recommends national qualification reforms, industry–education collaboration, and improved wage structures to mitigate talent loss and strengthen labor market sustainability. By offering empirical evidence from diverse socio-economic contexts, this research contributes to global discussions on workforce development, migration economics, and labor policy reforms.
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    Item type:Publication,
    Stakeholder perceptions of migration policies and investment in human capital development: expert interview evidence from policymakers, labor market organizations and social partners in North Macedonia, Türkiye, Ukraine, and Ethiopia
    (2026-01-16)
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    Introduction: Policies that combine human capital development and migration governance are necessary because migration alters the labor supply and skill distribution across economies. Through a cross-country approach, four migrant-origin countries, North Macedonia, Türkiye, Ukraine, and Ethiopia, that reflect various combinations of demographic pressures, institutional capacity, and conflict shocks are examined in this study. Methods: Using standardized qualitative expert interviews with policymakers, labor market intermediaries, and social partners, analyzed through a reflexive thematic analysis, the study explores the respondents’ perceptions and the channels through which education and migration policies, as perceived, interact to influence labor market outcomes. Results: Respondents reported that migration dynamics exacerbate structural unemployment, gender disparities, brain drain, and ongoing skill mismatches in all four countries. Interviewees highlight structural gaps in technical training and job-readiness in Ethiopia, while in Ukraine, a prime example of the disruptive effects of war, population displacement strains both education and the labor market. In North Macedonia and Türkiye, skill mismatches are pronounced by the notable emigration as well as the inefficiency of retention mechanisms. Among all studied countries, participants identified demand-based training and reliable institutional frameworks as crucial levers for reducing shortages and slowing the human capital depletion. Discussion: The comparative study emphasizes the need for policies that efficiently connect labor market demands, migration management, and education to achieve a balance between social demands and long-term socioeconomic growth.
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    WHEN RATIONALITY INSPIRES AND FATIGUE PERSISTS: UNDERSTANDING DRIVERS OF ONLINE PURCHASE INTENTION
    (Ss. Cyril and Methodius University in Skopje, Faculty of Economics-Skopje, 2025-12-30)
    Serafimovska, Ivona
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    Using the Stimulus-Organism-Response (S-O-R) framework, this study investigates the effects of digital fatigue and digital rationality on online purchase intention. Although these forces have been frequently examined separately in prior research, little is known about how they interact to influence consumer decision-making in digital contexts. Direct and indirect effects were tested using mediation models on survey data from 259 members of Generation Z. The results show an unexpected asymmetry. Without influencing attitudes, digital fatigue directly increases purchase intention, suggesting that tiredness can influence consumers to make quick, closure-focused decisions. Contrarily, digital rationality only impacts intention through attitudes, demonstrating that logical assessments result in positive perceptions, which in turn influence more robust purchase intentions. By showing that attitudes mediate selectively based on the stimulus, these findings enhance the theory of consumer behavior. The study offers a more comprehensive understanding of digital decision-making by incorporating dual-process accounts and resource depletion perspectives into the Stimulus-Organism-Response framework. The necessity for interfaces that provide clear information to consumers who are rationally oriented while reducing friction for weary users is highlighted by the practical implications.