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.

Organizational Learning and Information-Communication Technologies - A Promising Link

Abstract: Highly turbulent and competitive business environment has directed a focus of many researchers as well as practitioners on to the field of organizational learning as a way of gaining and sustaining competitive advantage. One of the most important issues is its relation to information-communication technologies. The purpose of this paper is to examine prior research and propose a model linking Organizational Learning construct (OL) to Information-communication technologies (ICT). Using structural equation modeling methodology, we tested this relationship based on the data from 220 questionnaires received from top managers of 867 Slovenian companies with more than 100 employees in the year 2003. Our research demonstrates statistically significant positive correlation between OL and ICT.

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.

Bright Past, Shady Future? Past and Potential Future Export Performance of CEE Countries in a Comparative Perspective

Abstract: In this paper we examine the reasons behind the remarkable export performance of transition economies in the last two decades. Following Redding and Venables (2004, 2004a) and Fugazza (2004), we decompose export performance into the gains due to the advantageous access to foreign markets and export gains on the side of the internal supply capacity. We find that size of the economy, inward FDI penetration, most notably in the manufacturing sector, export unit values, denoting the structural changes of CEECs’ exports, and the quality of institutions and infrastructure had significant positive impact on exporting country’s supply capacity, while productivity had a negative impact. The latter is mostly due to unfavourable trends in ULC since the accession. Unlike in EU-15 and BRIC countries, the internal supply capacity is becoming decreasingly important as base of CEECs export performance. At the same time, trends in cost competitiveness are worsening relative to competing countries, while benefits of EU accession have been mostly exploited. This may compromise the CEECs’ future export growth.

Carrots and Sticks as Incentive Mechanisms for the Optimal Initiation of Insolvency Proceedings

Abstract: The pursuit of ex-ante efficiency in bankruptcy law has been widely discussed in recent law and economics literature. However, the exact incentive mechanisms inducing the optimal commencement of bankruptcy proceedings have generally been exempted from the current scholarly debate. Using the law and economics tools and comparative analysis, this paper seeks to identify insolvency-specific optimal incentive mechanisms, while using the general theory on carrots and sticks in legal regulations. The paper suggests the employment of mixed-sticks-and-carrots incentive mechanisms for managers' prompt proposals of insolvency proceedings as an optimal regulatory response. Moreover, the article provides comparative evidence that exclusive use of sticks or carrots in French, German, US, English, and Slovenian legal systems results in sub-optimal initiation of insolvency proceedings and may also induce adverse effects on prompt initiation.

The economic perspective of bank bankruptcy law

Abstract: This paper argues that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation of distressed banks. We first explore the principal features of corporate bankruptcy law. Next, we examine the specific characteristics that distinguish banks from other corporations, and argue that these features are largely neglected in corporate bankruptcy law. Finally, we make recommendations for optimal closure and reorganization policies, which should allow regulators to better mitigate disruptions in the financial system and minimize the social costs of bank distress. We compare the U.S., UK, and German bank bankruptcy frameworks and describe the EU framework for cross-border bank bankruptcy. We support our recommendations with a discussion of the Lehman Brothers and Fortis bank failures.