Milica Jovanović Vujatović

University of Nis | NIS · Faculty of Economics

One of the worrisome problems of the world economy is the sustainability of the environment, which is increasingly threatened by industrialization. Green entrepreneurship is one of the significant mechanisms that drives sustainability and creates innovations in entrepreneurship in an environmentally sustainable way. Green entrepreneurs identify the...

Intellectual capital (IC) is one of the core determinants of the value of companies, and value creation for stakeholders as well as improvement of the competitiveness of the companies. Effective management of all visible and invisible elements of the total IC is extremely important for business success, since the effective providing, creating, deve...

The mutual influence and interdependence of financial performance (FP) of resource usage and environmental performance (EP) is an important research area, which has particularly occupied the attention of researchers in the last decade. Increasing requirements for environmental protection, principles of circular economy and regenerative economy crea...

This paper aims to emphasize the quantification of intellectual capital, not disclosed on the assets side of the balance sheet in the smart and knowledge-based enterprise, because it is very important for the more precise quantification of the profitability ratio, such as the return on assets (ROA). For this purpose, the paper suggests the EIC (eff...

The world's labour markets were significantly affected by the coronavirus spread and lockdowns and deaths caused by it. Policy-makers tried to mitigate the consequences of the COVID-19 pandemic on the labour market by imposing different measures and aid packages. Having in mind all activities for combating the COVID-19 pandemic's effect on the labo...

Since education is the most influential factor of a sustainable society and the fourth UN Sustainable Development Goal (SDG) promotes the importance of the quality of education, the chapter proposes the tripartite research method. Firstly, a qualitative analysis of the sustainability and efficiency of the education system is conducted. Secondly, an...

Background: In modern business conditions, intangible assets have a dominant impact on the business performance of the company. R&D activities, the level of R&D investments and the efficiency of R&D investments affect company profitability. There are various performance indicators of R&D activities that have an impact on profitability. Purpose: Bea...

The quality of the innovation system and resilient and sustainable (educational, transport, information and communication) infrastructure are the most important determinants of sustainable development at the national level. The development that includes the transition to a knowledge-based economy implies sustainable development of the nations with...

Since economic theory identifies new enterprises as one of the basic drivers of economic growth, it brings to the forefront the need to understand the existing dynamics of entrepreneurship. Consequently, the identification of the basic entrepreneurship’s determinants is a central issue from both a theoretical and a practical point of view in contem...

The purpose of this paper is to provide the answer to the question-Can the efficiency of intellectual capital (ICE) be a factor in maintaining the profitability of young and mature hotel enterprises in the crisis caused by the Covid-19 pandemic? The key goal of the paper is to point out the importance of intangible (intellectual) resources for impr...

In recent years, natural disasters have compelled public authorities, organizations, and citizens to increase their efforts in properly planning and implementing effective risk management procedures. Accordingly, in literature contemporary concepts such as natural disaster risk management and crisis management emerged. Therefore, the chapter aims t...

In order for enterprises to be successful in their field, they must have an adequately defined and implemented innovation strategy. In today's business practice, enterprises that do not do this, run the risk of lagging behind their competitors. It is also important to define an effective open innovation strategy that will contribute to a greater co...

Due to the growing concern for the environment and the impact of new technologies on it, companies are asking how to make a profit while respecting the problems of the environment. In this sense, they develop eco-innovations that do not reduce economic performance, but ultimately affect the strengthening of sustainable intellectual capital, sustain...

Social entrepreneurs are characterized by a high level of moral responsibility and entrepreneurial intentions, which encourage them to create entrepreneurial ventures that alleviate social problems. This paper aims to examine whether personality traits: extroversion, agreeableness, conscientiousness, neuroticism, and openness (according to the Big...

Enterprises are developing, increasing their profits, value and competitiveness based on successful synergies of human, structural and relational intellectual capital. In addition, R&D (Research and Development) has been acknowledged as a crucial contributor to the competitive advantage in today's competitive market. By performing R&D activities, c...

Poslednjih decenija, uspešno funkcionisanje organizacija sve više zavisi od nematerijalnih, „neopipljivih“ resursa, a sve manju važnost ima materijalna imovina. Ovakve promene utiču i na funkcionisanje i upravljanje u okviru univerziteta. Savremeni univerziteti, prihvatanjem koncepta upravljanja intelektualnim kapitalom, mogu unaprediti svoju konku...

An important characteristic of the modern business world is the development of the knowledge economy. In modern conditions, intangible assets based on knowledge are becoming a key resource for preserving the competitive advantage of companies. It is about human resources, their knowledge, the relationships they build in order to develop and transfe...

Sustainable intellectual capital, in the new economy, is becoming a key determinant of sustainable growth and development of enterprises. This is an important precondition for gaining a sustainable competitive advantage of a modern enterprise. It is intellectual capital that includes knowledge aimed at solving environmental issues. Also, these inta...

In the conditions of economic globalization and a dynamic business environment, companies need to continuously improve and innovate their business, in order to avoid complex and fierce competition and to achieve long-term and sustainable success. Due to the intensive effect of technical and technological progress, the survival and success of the co...

Intellectual capital, as the most important resource in the knowledge economy, is becoming a key factor which enables obtaining and sustaining the competitive advantage. This applies not only to companies, but also to the level of cities, countries and regions. Cities that recognize that intangible assets are a key factor in future growth and devel...

A brand is an important intangible asset of a modern enterprise. It represents a segment of intellectual capital, that is, the relational intellectual capital of a company and affects its financial performance. In addition to influencing the market value, the brand value also determines the future growth and development of the business. Therefore,...

Market size in many ways determines the national competitiveness of an economy. If there is a large national market, it is a source of demand for manufacturing companies. There are cases where the national economy has a large market and a weak industry, e.g. Russia, while on the other hand, Switzerland, which has a small market size, compensates th...

Brand valuation gained in importance in the 1980s, when a difference between the price at which some enterprises are bought and their value, according to the balance sheet, was noticed. Brand value can be considered an intangible asset of an enterprise, whose impact on the market performance indicators must be taken into account. This paper examine...

For decades, the concept of sustainability has been recognized as the basis for survival and further development of humanity. As the result of joint efforts, The 2030 Agenda for Sustainable Development was adopted in 2015 by United Nations member states, as a plan and direction for future prosperity. It identified 17 goals, with one of them highlig...

For decades, the concept of sustainability has been recognized as the basis for survival and further development of humanity. As the result of joint efforts, The 2030 Agenda for Sustainable Development was adopted in 2015 by United Nations member states, as a plan and direction for future prosperity. It identified 17 goals, with one of them highlig...

This paper presents ways of creating value in strategic alliances. Specifically, in the global market, various forms of cooperation between enterprises become inevitable. Strategic alliances as long term cooperation arrangements, help the company to improve the competitive position in the global economy and to achieve strategic goals. Companies are...