Journal of Contemporary Economics

In a Search for Contemporary Growth Drivers: Does Public Healthcare Entrepreneurship Affect Economic Output?

2023-11-15T22:32:00+01:00

Entrepreneurship has been long recognized as an essential driver of economic growth, arguing that it increases innovation, firm formation, employment, and overall GDP. Despite the increasing research on both public entrepreneurship and entrepreneurship in health, these different research areas have not been combined that much. To fill this research gap, this paper analyses whether public health entrepreneurship influences economic growth. This study exploits the WHO Global Health Observatory database approximating various dimensions of entrepreneurship by specific aspects of international healthcare regulation implementation. The study uses data from 170 countries from 2010 to 2019. Using the fixed effect panel setting, it tests whether improvements in public healthcare entrepreneurship affect a country's growth. The results suggested that higher entrepreneurial orientation in public healthcare is associated with increased growth. In particular, innovativeness stands out with the size of the effect. The findings from this paper produce several implications. First, bridging the two complements the existing public and healthcare entrepreneurship literature. It further provides empirical quantitative evidence of the importance of intrapreneurship and public sector intrapreneurship. Moreover, this study is among the first to connect IHR to the macroeconomic outcomes of a country. Finally, given the statistical and economic significance of the results, these findings motivate policymakers to consider developing policies that would encourage entrepreneurial orientation within public healthcare.

Science Mapping the Research of Business Process Management: Patterns and Implications for Comparable Information Technology Fields

2023-09-29T13:12:14+02:00

This paper maps the research and maturity of the Business Process Management (BPM) scientific field by using existing literature reviews and bibliographic methods to formulate generalizable patterns and implications, which could be proposed for comparable, multi-disciplinary Information Technology (IT) fields. By applying text mining to the corpus of BPM conference and journal papers, systematically selected from Scopus, generalizable drivers of BPM evolution and maturity are determined, including the proposal of implications for comparable IT fields. Results showed four literature clusters, which relate reasonably well with the BPM lifecycle and PDCA/PDSA cycle concepts. BPM and the comparable research fields seem to be driven by the maturing of technological capabilities and organizational acceptance in the sectors in which they are heavily applied. This study comprehensively analyzes BPM journal articles and conference proceedings using the bibliometric analysis to provide new research directions.

Individual and social influence on students' attitudes towards business ethics

2023-06-22T21:04:11+02:00

Business ethics, as a content of formal higher education, occupies an important place in the curricula of business schools in courses that consider different aspects of business management, entrepreneurship, and other areas. Therefore, based on previous research results, it is essential to determine which factors influence students' attitudes and behavior in adopting the principles of business ethics and social responsibility. This paper investigates a series of individual and social influences on students' attitudes toward business ethics. Using a sample of 211 economics students from the University of Banja Luka and the University of Niš, we empirically test six dimensions that relate to the acceptance of profit maximization versus socially responsible business practices. The paper employs statistical methods of descriptive analysis, clustering, and statistical testing of mean differences using non-parametric tests (Mann-Whitney U and Wilcoxon Z). We focus on factors that improve business ethics (teaching ethics in business schools, industrial ethical codes, regulation by government, and participation of civil society and religious leaders) as used in the influential work by Arlow and Urlich (1988). In addition, we analyze claims related to student interest in social activism and intention of socially responsible behavior by choosing a socially responsible employer. The results show that groups of students, to a greater or lesser extent, are oriented toward business ethics. Students perceive the influence of government intervention and control on the development of business ethics and social responsibility in the country/society, which from a theoretical aspect, is not explainable. The research results also indicate a significant correlation between Machiavellianism as a moral orientation and the level of business ethics and social responsibility in business. After analyzing the empirical results, recommendations are given for improving educational programs and adopting the principles of business ethics and social responsibility in business. Additionally, recommendations are provided aimed at public authorities in creating public policies that would strengthen the focus of young generations on business ethics.

Comparative analysis of social entrepreneurship in developed countries and social entrepreneurship in Bosnia and Herzegovina

2023-05-29T13:57:29+02:00

In order to mitigate the consequences of the social and economic crisis caused by the coronavirus pandemic, an approach through socio-economic activities is needed. It is necessary to use all available resources as generators of employment and new values. One of such models is precisely social entrepreneurship. The aim of this paper is to compare the level of development of social entrepreneurship in developed countries and in Bosnia and Herzegovina (B&H) in order to get a picture of the importance of social entrepreneurship for overall economic and social development. In this paper, we analyzed social entrepreneurship in developed countries and in Bosnia and Herzegovina. Through this comparative analysis, we have established that social entrepreneurship is of great importance for economic and social development and that a lot still needs to be done for the development of social entrepreneurship in B&H.

The role of entrepreneurial networks in overcoming export barriers of small and medium sized enterprises from developing economies

2023-11-20T13:15:11+01:00

The role of entrepreneurial networks in overcoming export barriers of small and medium sized enterprises (SMEs) varies depending on the development level of domestic institutional environment. So far relevant literature has been dominantly focused on the effects of participation of SMEs from developed economies in different forms of domestic and international entrepreneurial networks. However, in the last two decades, the SMEs from post-transition economies (PTE), namely developing economies, have become more involved in international business which is an important challenge for them because of resource scarcity and a long period of international isolation. Starting from the entrepreneurial perspective of internationalization based on accelerated internationalization models, the paper considers modes, motives, benefits and obstacles of establishing alternative management structures - SMEs entrepreneurial networks in institutional discontinuity conditions. The research aim is to indicate the importance of establishing network connections as a modus for overcoming resource and institutional export barriers of SMEs from PTE. The research is based on the analysis and synthesis of relevant literature in the field of international entrepreneurship and network approach to the internationalization of SMEs in the context of PTE. On the basis of conceptual analysis and the results of previous research, pragmatic recommendations for export SMEs from PTE regarding the choice of appropriate participation modality in entrepreneurial networks are stated.

The influence of organizational culture and management on innovativness in the business of organizations

2023-11-12T15:42:43+01:00

Innovations have influenced organizations to change and adapt way of working, functioning, the entire concept of business thinking, which turns in the direction of finding innovative solutions and performing tasks. Innovation in the organization business required adaptation of the organizational culture and way of managing the organization. One of the key factors in encouraging a company's innovativness is the organizational culture, which can have a significant impact on the adoption of innovation as a company value. Management, as an integral part of the organizational culture in each company, defines the way of managing innovations and processes, which, if properly defined and managed, can have a significant impact on the organization's business. This paper tries to find an answer to the question whether and to what extent the organizational culture and management of the organization influence its business? The aim of the research is to examine the relationship between the organizational culture and management of the organization on the one hand, and its innovation in business on the other. For this purpose, the collected literature was analyzed, and based on that, the relationship between organizational culture, management, and innovation were defined, as well as their influence on implementing innovative solutions and ways of doing business in organizations. The research results can be further used as guidelines for more extensive research.

Keywords: organizational culture, management, innovation, organization