University of Ljubljana, Faculty of Economics

About: University of Ljubljana, Faculty of Economics is a based out in . It is known for research contribution in the topics: Productivity & Tourism. The organization has 251 authors who have published 533 publications receiving 16109 citations.

Indexes of Economic Freedom – An Outline and Open Issues

Abstract: Authors of the indexes of economic freedom argue that economic freedom is a key link to prosperity and growth An outline of empirical and theoretical investigation into the relationships between economic performance and institutional environment shows that economic freedom is an important precondition for economic prosperity Countries that have more economic freedom also tend to have higher rates of economic growth and are more prosperous Author however in the article argues that economic policy advisers should use indexes of economic freedom with great caution, since they suffer from certain deficiencies with regard to their content An author presents a detail political-economic analysis of economic freedom, through three pairs of concepts that emphasize and express two different conceptions of understanding of economic freedom, in order to show why presented index of economic freedom cannot be sufficient indicators of economic freedom and prosperity

Social Change, Institutional Pressures and Knowledge Creation: A Bibliometric Analysis

Abstract: Contemporary academic environment can be characterized by an overwhelming trend toward enhancing research productivity and knowledge creation. The purpose of this study is to examine the impact of radical social change and subsequent institutional pressures on internationally relevant knowledge creation. The setting examined is business and economics science in Eastern Europe. Using a case study of Slovenian business schools and deploying a bibliometric analysis we find that research productivity is increasing significantly. We note however dilemmas pertaining to the content and quality of knowledge created. Further, we find that international research cooperation has positive quality effects. From a theoretical perspective, we argue that radical social change was not mirrored by such change in normative institutions, whereas recent changes in regulatory institutions seem to have a substantial positive effect on research performance.

The role of capital market in determining capital structure: Evidence from Slovenian public and private corporations

Abstract: This article tests the role the Slovenian capital market plays in determining corporate capital structure. It concludes that even though private corporations exhibit higher relative debt levels than their public counterparts, their dynamics are governed in similar ways. One potential reason for that is the country’s poorly developed primary capital market, which creates similar external barriers to raising capital. The article highlights factors that cause this situation and provides guidelines for capital market regulators in (post-)transition economies about related issues to address. This facilitates the design of financial systems and legal environments in a way that helps create a well-functioning primary capital market, i.e. a cost-efficient mechanism to raise new financial sources and to help achieve the efficient allocation of funds in the economy.

Geographic Proximity of Information to Financial Markets and Impact on Stock Prices: Evidence from the Ebola Outbreak

Abstract: Behavioral finance studies reveal that investors' sentiment affects investment decisions and may therefore affect stock pricing. This paper examines whether the geographic proximity of information disseminated by the 2014 Ebola Outbreak combined with intense media coverage affected asset prices in the United States. The results show that the effect is generally negative on the stock prices, also local media coverage strongly affects local trading, and the effect is more pronounced in small and more volatile stocks and in companies belonging to less stable industries. Furthermore, we find that both retail and institutional investors are more sensitive to the intensity of coverage than to the content of information. Additional tests suggest significant return spillover effects from U.S. markets to other markets one day after the determined event date.