Mic 2020 Management International Conference The 20th Management International Conference Proceedings of the Joint International Conference Organised by • University of Primorska, Faculty of Management, Slovenia • Lomonosov Moscow State University, Moscow School of Economics, Russian Federation • Juraj Dobrila University of Pula, Faculty of Economics and Tourism ‘Dr. Mijo Mirković,’ Croatia Online Conference • 12–13 November 2020 MIC 2020: The 20th Management International Conference Proceedings of the Joint International Conference Organised by University of Primorska, Faculty of Management, Slovenia Lomonosov Moscow State University, Moscow School of Economics, Russian Federation Juraj Dobrila University of Pula, Faculty of Economics and Tourism ‘Dr. Mijo Mirković,’ Croatia Online Conference | 12–13 November 2020 Edited by Suzana Sedmak Suzana Laporšek Design and Layout Alen Ježovnik Published by University of Primorska Press Titov trg 4, 6000 Koper, Slovenia Editor in Chief Jonatan Vinkler Managing Editor Alen Ježovnik www.hippocampus.si Koper | June 2021 Management International Conference ISSN 2712-3766 © University of Primorska Press https://www.hippocampus.si/ISBN/978-961-293-077-6.pdf https://doi.org/10.26493/978-961-293-077-6 Published under the terms of the Creative Commons CC BY-NC-ND 4.0 License Kataložni zapis o publikaciji (CIP) pripravili v Narodni in univerzitetni knjižnici v Ljubljani COBISS.SI-ID 68315139 ISBN 978-961-293-077-6 (pdf) Foreword The MIC organisers, partners, authors and friends celebrated the 20th edition of the conference in 2020. Although our attempts to meet you all in person in Ljubljana did not come true, we hope that our first virtual MIC met your expectations. We surely put a lot of effort in planning and preparing this virtual event, which was organised by University of Primorska, Faculty of Management (Slovenia), Lomonosov Moscow State University, Moscow School of Economics (Russian Federation), and Juraj Dobrila University of Pula, Faculty of Economics and Tourism ‘Dr. Mijo Mirković’ (Croatia). We would like to extend a sincere appreciation to all the participants and presenters for their contributions and participation. This year we received 134 submissions, of which approximately 100 were presented at the conference. After the conference, authors were invited to submit their full papers to the MIC 2020 Conference Proceedings. All the received papers have gone through a double-blind peer review process. We are glad that a substantial number of papers presented at the MIC 2020 conference were published in several of the MIC supporting journals: • Academica Turistica – Tourism and Innovation Journal • Economic and Social Changes: Facts, Trends, Forecast • Economic Research/Ekonomska istraživanja • Human Systems Management • International Journal of Computational Economics and Econometrics • Journal of the New Economic Association/Zhournal Novoi Ekonomicheskoi Associacii • Management • Management and Production Review • Managing Global Transitions • Review of Innovation and Competitiveness We sincerely thank all the journals’ editors for their cooperation in the publication process and for their engagement at the Editors’ Panel. Our deepest gratitude goes to the Keynote Speaker, Dr. Janez Potočnik, Co-Chair of the UN International Resource Panel and Former European Commissioner for Environment. Last but not least, we extend our sincere thanks to everybody who participated in the programme boards and organisation of the MIC 2020. Dr. Matjaž Novak Conference Chair 3 Programme Boards Conference Chair Dr. Matjaž Novak, University of Primorska, Slovenia Scientific Committee Dr. Lyubov Babich, Federal State Budgetary Institution of Science ‘Vologda Research Center of the Russian Academy of Sciences,’ Russian Federation Dr. Štefan Bojnec, University of Primorska, Slovenia Dr. Hani El-Chaarani, Beirut Arab University, Lebanon Dr. Ksenija Černe, Juraj Dobrila University of Pula, Croatia DDr. Imre Fert˝ o, Corvinus University of Budapest, Hungary Dr. József Fogarasi, Research Institute of Agricultural Economics, Hungary, and Partium Christian University, Romania Dr. Mikhail Golovnin, Moscow State University Lomonosov, Russian Federation Dr. Doris Gomezelj Omerzel, University of Primorska, Slovenia Dr. Małgorzata Gotowska, University of Science and Technology, Poland Dr. Rune Ellemose Gulev, Kiel University of Applied Sciences, Germany Dr. Florin Ionita, Bucharest University for Economic Studies, Romania Dr. Anna Jakubczak, University of Science and Technology, Poland Dr. Maria Jakubik, Haaga-Helia University of Applied Sciences, Finland Dr. Pekka Kess, University of Oulu, Finland Dr. Massimiliano Kaucic, University of Trieste, Italy Dr. Danijela Križman Pavlović, Juraj Dobrila University of Pula, Croatia Dr. Atanu Kumar Nath, Western Norway University of Applied Sciences, Norway Dr. Maja Meško, University of Primorska, Slovenia Dr. Victor Polterovich, Moscow State University Lomonosov, Russian Federation Dr. Mitja Ruzzier, University of Primorska, Slovenia Dr. Darina Saxunova, Comenius University in Bratislava, Slovakia Dr. Alexandra Shabunova, Federal State Budgetary Institution of Science ‘Vologda Research Center of the Russian Academy of Sciences,’ Russian Federation Dr. Cezar Scarlat, University Politehnica of Bucharest, Romania Dr. Marcello Signorelli, University of Perugia, Italy Dr. Dean Sinković, Juraj Dobrila University of Pula, Croatia Dr. Brandon William Soltwisch, University of Northern Colorado, USA Dr. Marinko Škare, Juraj Dobrila University of Pula, Croatia Dr. Janez Šušteršič, Re-forma, Research and Development, Ltd., Slovenia Dr. Josu Takala, University of Vaasa, Finland Dr. Giorgio Valentinuz, University of Trieste, Italy Dr. Robert Zenzerović, Juraj Dobrila University of Pula, Croatia Organising Committee Dr. Suzana Laporšek, University of Primorska, Slovenia MSc. Suzana Sedmak, University of Primorska, Slovenia Dr. Viktorija Florjančič, University of Primorska, Slovenia Matevž Malej, University of Primorska, Slovenia Staša Ferjančič, University of Primorska, Slovenia Amela Panić, University of Primorska, Slovenia 4 Table of Contents Arbitrage Opportunities and Event Impacts on Spanish Increase Capitals Manuel Verdú Henares, Óscar Carchano Alcina, and José Emilio Farinós Viñas Full Text Complementary Methods for Effective Decision Making Aleksander Janeš and Armand Faganel Full Text Investing in Real Estate: Legal Risks Ewelina Badura Full Text Smart Destination Concept: Example of the City of Zagreb Zrinka Zadel, Ivana Ivančić, and Antonio Badurina Full Text Digitization of Banking Services and Its Impact on Customer Satisfaction: Case, Republic of North Macedonia Teuta Veseli-Kurtishi, Shenaj Hadzimustafa, and Edmond Veseli Full Text Entrepreneurship in Biophilic Tourism: The Case of ‘Botel diffuso dei laghi’ Katia Giusepponi and Colin Johnson Full Text Sustainable Destination Management Planning: The Case of Slovenia Aljaž Nerad, Roberto Biloslavo, Igor Jurinčič, and Marko Koščak Full Text Is ‘Operating Profit’ Set in Stone? A Commentary on the New IASB’s Exposure Draft ‘General Presentation and Disclosures’ Michele Bertoni, Bruno De Rosa, and Paola Rossi Full Text Cyberspace: Awareness of Vulnerabilities of the Technology Enabled Communication Environment Demush Bajrami, Zamir Dika, Arafat Shabani, and Neroida Selimi Full Text Comparative Evaluation of Service Quality Perceptions in Rural Tourism Among Different Tourist Groups Jelena Kljaić Šebrek, Suzana Marković, and Iva Valčić Full Text 5 Hardiness and Depression Among Secondary School Teachers Ana Erbežnik Filipović and Ana Arzenšek Full Text Investment and Financing Perspectives for a Solar Photovoltaic Project Andrea Marchioni, Carlo Alberto Magni, and Davide Baschieri Full Text Cultural Heritage as an Instrument for the Tourism Sector: A Cultural Network Approach Francesca Amendola and Anna Papaccio Full Text Did the Romanian Book Publishing Industry and Its Management Change Within a Decade? Gabriela Doina St˘ anciulescu, Cezar Scarlat, Ana Maria Grigore, and Simona Niculescu Full Text Evaluating Investment Projects’ Performance: Non-Monetary Factors Andreea-Mariana Manta Full Text Croatian Purchase Experience During COVID-19: The Role of Company’s Media Presence for Consumer Vulnerability, Resilience and Buying Behaviour Ivana Kursan Milaković Full Text Exploring the Challenges and Future Development of Humanitarian Logistics in China: SARS, H1N1, and COVID-19 Sha Yicong Full Text The Impact of Digitalization on the Fundamental Rights of Public Employees in Spain Aitziber Lertxundi and Jon Landeta Full Text Tax Policy and Firms’ Financial Choices: Empirical Evidence from the Dominican Republic Alessandra Amendola, Marinella Boccia, Gianluca Mele, and Luca Sensini Full Text The Influence of Religions on Business of Multinational Companies: The Case of Podravka Ana Raba¯ dija, Vito Bobek, and Tatjana Horvat Full Text 6 Compliance Management of GDPR in Healthcare Environment (University Medical Centre Ljubljana Case) Marko Zebec Koren Full Text Emotional Intelligence and Entrepreneurs Mirela Kljajić-Dervić, Ema Burić, and Šemsudin Dervić Full Text The Tourist Destination Developing Process: Seville Case Study Valeria Cocco and Marco Brogna Full Text Posted Workers in Slovenia: Challenges for Employers Elizabeta Zirnstein, Suzana Sedmak, and Klemen Širok Full Text 7 Document Outline Foreword Programme Boards Table of Contents