Faculty of Economics

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    Educating Accountants with a Sustainability-Oriented Professional Identity in Central and Eastern Europe
    (Bucharest University of Economic Studies, 2025-08)
    Albu, Catalin-Nicolae
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    Balsari, Çagnur
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    Basic, Meliha
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    Damijan, Sandra
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    What drives successful sustainable technology transfer in emerging open innovation ecosystems
    (Faculty of Economics, University of Split, 2025-08)
    Petković, Saša
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    Petrović, Jadranka
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    Radosavljević, Marija
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    Pojani, Elona
    Southeast European transition economies continue to struggle with turning innovative ideas into sustainable commercial successes. This paper examines the factors that drive effective and lasting Technology Transfer (TT) within emerging open innovation ecosystems in Bosnia and Herzegovina, Serbia, North Macedonia, and Albania. Unlike earlier studies that focus on a single country or rely on limited methods, this research adopts a comprehensive mixed-methods approach, combining a two-round Delphi study, focus groups, a needs analysis, and a survey of 100 companies. Using Partial Least Squares Structural Equation Modelling (PLS-SEM) on data collected from companies and research institutions, the study demonstrates that robust Intellectual Property Protection (IPP) exerts a significant and direct influence on enhancing technology transfer. In contrast, innovation capabilities alone do not significantly affect transfer outcomes. Instead, network dynamics strengthen these capabilities, which in turn support technology transfer — but only when embedded within solid institutional frameworks. These findings challenge the common assumption that innovation capabilities are sufficient for successful technology commercialization. They emphasize the critical importance of institutional quality and cooperation networks in transitional economies. At the theoretical level, the study integrates resource-based, institutional, and open innovation perspectives to address the “innovation-implementation” gap. Practically, it highlights key policy priorities: strengthening IPP enforcement, establishing specialized IPP courts, and fostering partnerships between universities and industry, as well as within innovation clusters. For companies and universities, developing absorptive capacity and engaging in cross-border collaborations are essential for maximizing the benefits of external knowledge. While limited by its regional focus and cross-sectional design, this research offers a nuanced framework for sustainable technology transfer in Southeast Europe and underscores the need for further comparative and longitudinal studies to deepen our understanding of this phenomenon.
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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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    The phosphorus negotiation game (P-Game): first evaluation of a serious game to support science-policy decision making played in more than 20 countries worldwide
    (Springer Science and Business Media LLC, 2025-01-02)
    Haneklaus, Nils
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    Kaggwa, Mary
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    Misihairabgwi, Jane
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    Abu El-Magd, Sherif
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    Ahmadi, Naima
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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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    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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    “Development acupuncture:” mapping the network structure of multidimensional poverty
    (Informa UK Limited, 2025-07-17)
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    Lopez-Calva, Luis F.
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    Bolch, Kimberly
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    Fernandez, Almudena
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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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    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.