Mic 2020 Management International Conference The 20th Management International Conference Programme 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 Abstracts 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, Slovenia | November 2020 Management International Conference ISSN 2712-3766 © University of Primorska Press http://www.hippocampus.si/ISBN/978-961-293-025-7.pdf https://doi.org/10.26493/978-961-293-025-7 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=36244995 ISBN 978-961-293-025-7 (pdf) Contents Conference Organisers · 4 Welcome Address by the Organisers · 5 Programme Boards · 6 Conference Programme · 7 Keynote Speaker · 8 Publication Opportunities Session · 8 Sessions Management I · 9 Banking · 10 Digitalisation · 11 Tourism I · 12 Agricultural Economics I · 13 Financial Markets and Institutions I · 14 Education · 15 Pandemics Related Issues · 16 Education Management · 17 Financial Markets and Institutions II · 18 Entrepreneurship and Innovation · 19 Social Issues · 20 Management II · 21 Economics · 22 Capital Structure and Budgeting · 23 Tourism II · 24 Energy · 25 Poster Session · 26 Management III · 28 Agricultural Economics II · 29 Financing · 30 Intangible Capital · 31 Marketing · 32 3 Conference Organisers The conference is organised by three partner institutions: University of Primorska, Faculty of Management (Slovenia) is a higher education institution for education and research in the fields of social sciences and business management. The Faculty offers undergraduate study programmes in Management, master study programmes in Management, Economics and Finance, and Law for Management, interdisciplinary master study programmes in Sustainable Development Management, Political Science, and Innovation and Entrepreneurship, and doctoral study programme in Management. Beside the study programmes leading to a degree the Faculty also offers modules for groups or in-company training from the field of social sciences and business management with interdisciplinary links to economic, business, legal, organisational and behavioural sciences. Lomonosov Moscow State University, Moscow School of Economics (Russian Federation) was founded on April 29, 2004. The mission of Moscow School of Economics is to train highly-qualified specialists who possess profound knowledge of the Russian economy, who are well-acquainted with the ideas and achievements of contemporary schools of economics, who work effectively in highly competitive environments including federal and regional governmental bodies, finance and business companies, the sphere of research and higher education. Juraj Dobrila University of Pula, Faculty of Economics and Tourism ‘Dr. Mijo Mirkovi´ c’ (Croatia) offers all levels of higher education: from undergraduate and graduate studies to postgraduate specialist and doctoral programmes of study. Scientific activities of Faculty includes research in the field of social sciences and organisation of international conferences as well as publishing of international scientific journal Economic Research referred in most important scientific databases. In 2015 Faculty of Economics and Tourism ‘Dr. Mijo Mirković’ started publishing another international scientific journal, Review of Innovation and Competitiveness. 4 Welcome Address by the Organisers We have a great pleasure and honour in welcoming you at the Management International Conference (MIC) 2020. We are also very proud to celebrate with you the 20th edition of our conference! Although our attempts to meet you all in person in Ljubljana did not come true, we believe that our first virtual MIC will meet all the ex-pectations – yours and ours. We surely put a lot of effort in planning and preparing this virtual event. MIC is a traditional conference for scholars of management studies, welcoming participants from around the world, with broad and diverse research interests. The aim of the conference is to address various aspects of managing the global economy, with special focus on management, economics, finance, international institutions and development, tourism, digitalization, energy and climate, and to offer researchers and professionals the opportunity to discuss other issues of global developments. 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 97 will be presented at the conference. All abstracts of papers are included in the Book of Abstracts. Authors are invited to submit full papers to the MIC 2020 Conference Proceedings or to the regular or special issues, organised by the MIC supporting journals. The list of the MIC supporting journals is published at the conference’s website. Our deepest gratitude goes to Keynote Speaker, Dr. Janez Potočnik, Co-Chair of the UN International Resource Panel and Former European Commissioner for Environment. Our warm welcomes go also to the editors of the supporting journals, some of them participating also at the Publication Opportunities session. Last but not least, we extend our sincere thanks to everybody who participated in the programme boards and organisation of the MIC 2020. We wish each of you a very successful conference. Dr. Matjaž Novak Conference Chair 5 Programme Boards Conference Chairs Dr. Matjaž Novak, University of Primorska, Slovenia Scientific Committee Dr. Lyubov Babich, 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, Lomonosov Moscow State University, 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, Lomonosov Moscow State University, Russian Federation Dr. Mitja Ruzzier, University of Primorska, Slovenia Dr. Darina Saxunova, Comenius University in Bratislava, Slovakia Dr. Alexandra Shabunova, 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 6 Conference Programme Wednesday, 29 May 2019 18.00–20.00 Registration Thursday, 12 November 2020 09.30–10.00 Conference Opening 10.00–11.00 Keynote Speech: ‘The Importance of Natural Resource Management and the Role of the EU.’ Dr. Janez Potočnik, Co-Chair of the UN International Resource Panel, Former European Commissioner for Environment 11.00–11.30 Break 11.30–13.00 Concurrent Sessions: Management I, Banking, Digitalisation, Tourism I 13.00–14.00 Break 14.00–15.30 Concurrent Sessions: Agricultural Economics I, Financial Markets and Institutions I, Education, Pandemics Related Issues 15.30–15.45 Break 15.45–17.15 Concurrent Sessions: Education Management, Financial Markets and Institutions II, Entrepreneurship and Innovation, Social Issues Friday, 13 November 2020 09.00–10.30 Concurrent Sessions: Management II, Economics, Capital Structure and Budgeting, Tourism II, Energy 10.30–10.45 Break 10.45–12.00 Poster Session 12.00–13.30 Concurrent Sessions: Management III, Agricultural Economics II, Financing, Intangible Capital, Marketing 13.30–14.00 Break 14.00–15.15 Publication Opportunities Session 15.15–15.30 Conference Closing 7 Keynote Speaker Thursday, 12 November 2020 • 10.00–11.00 Dr. Janez Potoˇ cnik Dr. Janez Potočnik is the co-chair of the International Resource Panel, a forum of sci-entists and experts working on natural resources management. He has held many important positions and has extensive experience in the realm of environment, economics and European Affairs. Among others, he has served as European Commissioner for Science and Research from 2004 to 2010 and as European Commissioner for the Environment from 2010 to 2014. In September 2013 he received the United Nation’s Champions of the Earth Award. Publication Opportunities Session Friday, 13 November 2020 • 14.00–15.15 Session Chair Dr. Štefan Bojnec, University of Primorska, Slovenia Publication Opportunities Session will consist of two parts. In the first part Dr. Štefan Bojnec will shortly present how to publish in economic and business journals and provide important tips for navigating the publication process (what editors seek, selecting journals, and the process of revising). In the subsequent debate, editors of the MIC 2020 partner institutions will be invited to share best practices and experiences. The following international journals are going to be presented: • Academica Turistica – Tourism and Innovation Journal • Economic Research/Ekonomska istraživanja • Journal of the New Economic Association/Zhournal Novoi Ekonomicheskoi Associacii • Management • Managing Global Transitions • Review of Innovation and Competitiveness 8 Management I Thursday, 12 November 2020 • 11.30-13.00 Session Chair: Aleksander Janeš Managing International Virtual Project Teams Małgorzata Marchewka, Cracow University of Economics, Poland Reeta Raina, FORE School of Management, India Keywords: international virtual project teams, project team management, effectiveness of project teams, leadership styles Abstract Did the Romanian Book Publishing Industry and Its Management Change Within a Decade? Gabriela Doina St˘ anciulescu, University ‘Politehnica’ of Bucharest, Romania Cezar Scarlat, University ‘Politehnica’ of Bucharest, Romania Ana Maria Grigore, University of Bucharest, Romania Simona Niculescu, University ‘Politehnica’ of Bucharest, Romania Keywords: Romanian book publishing industry, book printing technology, digital challenges, ownership and management succession, SWOT-type analysis, book publishing evolution Abstract Analyzing the Changes of Express Delivery Modules and Markets of Express Delivery Industry Zhihong Chen, Wenzhou-Kean University, China Candy Lim Chiu, Wenzhou-Kean University, China Keywords: China, express delivery industry, COVID-19, contactless delivery Abstract Complementary Methods for Effective Decision Making Aleksander Janeš, University of Primorska, Slovenia Armand Faganel, University of Primorska, Slovenia Keywords: analytic network process, analytic network process, balanced scorecard, decision making, performance measurement system, strategy Abstract 9 Banking Thursday, 12 November 2020 • 11.30–13.00 Session Chair: Dušan Lesjak Banking Concentration and Stability: The Effect on Borrower Discouragement for European SMEs Ana Mol-Gómez-Vázquez, Universidad de Alicante, Spain Ginés Hernández-Cánovas, Universidad Politécnica de Cartagena, Spain Keywords: SMEs, discouraged borrowers, financial constraints, banking system Abstract The Impact of Globalization on Banking Performance: A Comparative Analysis Ionela-Gabriela Matei, Alexandru Ioan Cuza University, Romania Ovidiu Stoica, Alexandru Ioan Cuza University, Romania Dumitru-Nicu¸ sor C˘ ar˘ au¸ su, Alexandru Ioan Cuza University, Romania Keywords: banking globalization, banking performance, financial crisis, European Union, ASEAN Abstract Digitization of Banking Services and Its Impact on Customer Satisfaction: Case, Republic of North Macedonia Teuta Veseli-Kurtishi, South East European University, Republic of North Macedonia Shenaj Hadzimustafa, South East European University, Republic of North Macedonia Keywords: digitalization, services, banking system, satisfaction Abstract Why Fintech Beats Traditional Banking? Dušan Lesjak, University of Primorska and ISSBS, Slovenia Keywords: fintech, mobile banking, traditional banking, online banking, millenials Abstract 10 Digitalisation Thursday, 12 November 2020 • 11.30–13.00 Session Chair: Marta Aranyossy Cyberspace-Awareness of Vulnerabilities of the Technology Enabled Communication Environment Demush Bajrami, South East European University, Republic of North Macedonia Zamir Dika, South East European University, Republic of North Macedonia Arafat Shabani, South East European University, Republic of North Macedonia Neroida Selimi, South East European University, Republic of North Macedonia Keywords: cyberspace, vulnerability, security, safety, awareness Abstract The Impact of Digitalization on the Fundamental Rights of Public Employees in Spain Aitziber Lertxundi, University of the Basque Country, Spain Jon Landeta, University of the Basque Country, Spain Keywords: digitalization, fundamental rights, public employees, Spain Abstract The Effect of Explainability Features on the Acceptance of Conversational Agents in Online Recruiting Jürgen Fleiß, University Graz, Austria Elisabeth Bäck, Silicon Austria Labs, Austria Stefan Thalmann, University Graz, Austria Keywords: artificial intelligence, recruiting, chatbots, conversational agents, human computer interaction Abstract The Suitability of CIOs as the Company-Wide Digital Leader: Current State of Research Markus Matschi, University of Salzburg, Austria Keywords: Chief Information Officer, Chief Digital Officer, digital transformation Abstract IT Business Value: A Literature Review Based on Text Analysis Marta Aranyossy, Corvinus University of Budapest, Hungary Keywords: IT business value, IT management, information system success Abstract 11 Tourism I Thursday, 12 November 2020 • 11.30–13.00 Session Chair: Jan Franˇ ceškin How Decision Factors and Country-Based Performance Influence Chinese’ Willingness to Consider Other Asia Medical Tourism Countries for Physical Examination? Danwei Yang, Wenzhou-Kean University, China Candy Lim Chiu, Wenzhou-Kean University, China Keywords: medical tourism, physical examination, Chinese, Medical tourism index, decision-making criteria Abstract Comparative Evaluation of Service Quality Perceptions in Rural Tourism among Different Tourist Groups Jelena Kljaić Šebrek, WYG Consulting, Croatia Suzana Marković, University of Rijeka, Croatia Iva Valčić Keywords: service quality, RURALQUAL, rural tourism, quantitative analysis, socio-demographic profile Abstract Entrepreneurship in Biophilic Tourism: The Case of ‘Botel Diffuso Dei Laghi’ Katia Giusepponi, University of Macerata, Italy Colin Johnson, San Francisco State University, USA Keywords: experiential tourism, innovative businesses, value co-creation Abstract Generation Y Travel Expectations and Challenges for Travel Agents Jasmina Gržinić, Juraj Dobrila University in Pula, Croatia Keywords: tourism intermediaries, generation Y, attitudes, tourism motivation, adjustments Abstract Economic Efficiency of Slovenian Coastal Hotels Jan Frančeškin, University of Primorska, Slovenia Štefan Bojnec, University of Primorska, Slovenia Keywords: tourism, economy, Slovenia, economic growth, service activity, hotel industry, location, efficiency, data envelopment analysis (DEA) Abstract 12 Agricultural Economics I Thursday, 12 November 2020 • 14.00–15.30 Session Chair: József Fogarasi Do Local Food Purchases Help Local Economies? Zsófia Benedek, Institute of Economics, Hungary Imre Fert˝ o, Institute of Economics and University of Kaposvár, Hungary Viktória Szente, University of Kaposvár, Hungary Keywords: multiplier, spillover, income, employment, rural development Abstract Spatial Transformation in Cattle Sector: A Hungarian-Slovenian Comparison Arnold Csonka, University of Kaposvár, Hungary Štefan Bojnec, University of Primorska, Slovenia Imre Fert˝ o, Institute of Economics and University of Kaposvár, Hungary Keywords: cattle sector, territorial concentration, agglomeration effects, agricultural survey data, Central Europe Abstract Analysing the Impact of COVID-19 on China’s Food Supply Chain Zhenghao Li, Wenzhou-Kean University, China Candy Lim Chiu, Wenzhou-Kean University, China Keywords: COVID-19 outbreak, food supply chain, supply chain management, risk, China Abstract Competitiveness of the Romanian Agri-Food Trade in the European Union József Fogarasi, AKI-NAIK, Hungary, and Partium Christian University, Romania Edith Debrenti, Partium Christian University, Romania Evelin Bernadett Keizer, Partium Christian University, Romania Keywords: Romania, competitiveness, export, constant market share Abstract 13 Financial Markets and Institutions I Thursday, 12 November 2020 • 14.00–15.30 Session Chair: Giorgio Valentinuz Arbitrage Opportunities and Event Impacts on Spanish Increase Capitals Manuel Verdú, University of Valencia, Spain Óscar Carchano, University of Valencia, Spain Jose Emilio Farinós, University of Valencia, Spain Keywords: seasoned equity offerings, abnormal returns, opportunity of arbitrage, event study Abstract Emerging Capital Markets, Exchange Rate and News Implied Volatility Angela Roman, Alexandru Ioan Cuza University, Romania Dumitru-Nicu¸ sor C˘ ar˘ au¸ su, Alexandru Ioan Cuza University, Romania Dan Lupu, Alexandru Ioan Cuza University, Romania Keywords: capital market, news implied volatility, foreign exchange market, long-term volatility, NARDL – Nonlinear Autoregressive Distributed Lag model, CEE countries Abstract Investing in Real Estate – Legal Risks Ewelina Badura, Cracow University of Economics, Poland Keywords: real estate, investment, property, lease, rental Abstract Emerging vs. Developed Countries: A Comparison of Alternative Passive Investment Strategies Massimiliano Kaucic, University of Trieste, Italy Giorgio Valentinuz, University of Trieste, Italy Keywords: enhanced index tracking, emerging markets, developed countries, performance measure, investment style Abstract 14 Education Thursday, 12 November 2020 • 14.00–15.30 Session Chair: Nada Trunk Širca Students Who Co-Create Their Case Studies: How Participative Experiences Enlighten Business Education Katia Giusepponi, University of Macerata, Italy Keywords: business education, digital businesses, co-creation of case studies Abstract Teaching Creativity, Critical Thinking, and Teamwork in Higher Education: Project HESS Valerij Dermol, International School for Social and Business Studies, Slovenia Aleš Trunk, International School for Social and Business Studies, Slovenia Jacek Lis, University College of Enterprise and Administration in Lublin, Poland Anca Draghici, Politehnica University Timisoara, Romania Keywords: teaching creativity, soft-skills teaching, higher education Abstract The Discourse of Mission Statements of Slovenian and Austrian Business Schools Igor Rižnar, University of Primorska, Slovenia Keywords: concordance, HEIs, keywords, mission statement, WordSmith tools, word frequencies Abstract Text Mining of Simulation Games in the Field of Business, Management and Accounting Maja Meško, University of Primorska, Slovenia Uroš Godnov, University of Primorska, Slovenia Mirjana Pejić Bach, University of Zagreb, Croatia Jovana Zoroja, University of Zagreb, Croatia Keywords: simulation games, text mining, management, data science Abstract MEDiterranean Countries: Towards Internationalisation at Home Nada Trunk Širca, ISSBS and University of Primorska, Slovenia Karim Moustaghfir, Al Akhawayn University, Morroco Luigia Melillo, Pegaso Online University, Italy Anica Novak Trunk, International School for Social and Business Studies, Slovenia Keywords: Internationalisation at Home, HE systems, MEDiterranean countries Abstract 15 Pandemics Related Issues Thursday, 12 November 2020 • 14.00–15.30 Session Chair: Ivana Kursan Milakovi´ c The Impact of COVID-19 on Local Food Consumption Habits in Hungary: Growing Couch Potatoes? Viktória Szente, Szent István University, Hungary Zsófia Benedek, Centre for Economic and Regional Studies, Hungary Imre Fert˝ o, Centre for Economic and Regional Studies and Szent István University, Hungary Keywords: health, training, local foods, coronavirus Abstract Exploring the Possible Effect of COVID-19 on Chinese Domestic Travel Pattern and Habits Cheng Chao Zhang, Wenzhou-Kean University, China Candy Lim Chiu, Wenzhou-Kean University, China Keywords: domestic travel, tourism industry, perceived risk, destination image, COVID-19 Abstract SARS, H1N1 and COVID-19: Study of China’s Airport Epidemic Control Zhengchao Wu, Wenzhou-Kean University, China Candy Lim Chiu, Wenzhou-Kean University, China Keywords: China, epidemic, COVID-19, airport, risk evaluation, risk assessment Abstract Croatian Purchase Experience During Covid-19: The Role of Company’s Media Presence for Consumer Vulnerability, Resilience and Buying Behaviour Ivana Kursan Milaković, University of Split, Croatia Keywords: COVID-19, consumer vulnerability, consumer resilience, company’s media presence, online buying behaviour Abstract 16 Education Management Thursday, 12 November 2020 • 15.45–17.15 Session Chair: Ana Arzenšek Trends and Challenges of Contemporary Educational Leadership in North Macedonia Arafat Shabani, South East European University, Republic of North Macedonia Demush Bajrami, South East European University, Republic of North Macedonia Zamir Dika, South East European University, Republic of North Macedonia Keywords: global trends, globalization, challenges, educational institution, leader Abstract Involvement of Czech Public Higher Education Institutions in the European Research Programme Horizon 2020 Monika Vejchodová, University of Pardubice, Czech Republic Jitka Genserová, University of Pardubice, Czech Republic Lucie Macháčová, University of Pardubice, Czech Republic Keywords: Horizon 2020, programme, research, project, higher education, management, motivation Abstract Jordanian Virtual Collaborative Courses for University Students: Project JOVITAL Aleš Trunk, International School for Social and Business Studies, Slovenia Wissam Tawileh, Technical University Dresden, Germany Valerij Dermol, International School for Social and Business Studies, Slovenia Keywords: Virtual Collaborative Learning, Jordan, interactive constructivist learning activities Abstract Inclusive University: A Set of Tools Dedicated to HEI for Better Respond to Disabled Student’s Needs – Project IncUniv Valerij Dermol, International School for Social and Business Studies, Slovenia Anica Novak Trunk, International School for Social and Business Studies, Slovenia Andreja Barle Lakota, The Ministry of Labour, Family, Social Affairs and Equal Opportunities, Slovenia Nada Trunk Širca, ISSBS and University of Primorska, Slovenia Keywords: university, disabled students Abstract Hardiness and Depression among Slovenian Secondary School Teachers Ana Erbežnik, University of Primorska, Slovenia Ana Arzenšek, University of Primorska, Slovenia Keywords: hardiness, depression, work stress, secondary school teachers, Slovenia Abstract 17 Financial Markets and Institutions II Thursday, 12 November 2020 • 15.45–17.15 Session Chair: Konrad Stolarski Key Factors of Mutual Funds’ Performance Nikita Artamonov, MGIMO University, Russia Aleksei Kurbatskii, Lomonosov Moscow State University, Russia Anna Voronina, Eurasian Economic Commission, Russia Keywords: mutual funds, S&P500 index, tracking error, government bond yields, active strategy, time series Abstract A Preliminary Performance Analysis of Private Retirement Schemes in Malaysia Sofi Mohd Fikri, Universiti Utara Malaysia, Malaysia Keywords: performance analysis, private retirement scheme, fund performance, conventional fund, Islamic fund Abstract Impact of Impairment of Assets of Stock Exchange Issuers in the Condition of Economic Crisis Bartłomiej Lisicki, University of Economics in Katowice, Poland Keywords: capital markets, accounting, economic crisis, shares, impairment of assets Abstract Legal and Tax Implications of Tokenization of Property Konrad Stolarski, Cracow University of Economics, Poland Keywords: blockchain, DLT, tokenization, fintech, tax Abstract 18 Entrepreneurship and Innovation Thursday, 12 November 2020 • 15.45–17.15 Session Chair: Nataša Kobal Entrepreneurial Competences and Their Development in the Context of Small Enterprises Within the Austrian Traditional Industry Sector Elizabeta Valentic, FH Joanneum, Austria Birgit Burböck, FH Joanneum, Austria Markus Jocham, FH Joanneum, Austria Keywords: competence, competency, entrepreneur, traditional industry sectors, small enterprises, Austrian education system Abstract Do Companies Receiving P2 Subsidy Really Perform Better? Sumalee Suada Krošelj, University of Primorska, Slovenia Borut Likar, University of Primorska, Slovenia Keywords: subsidy instrument, P2 incentive, value added per employee, business performance Abstract Sources of Business Growth at Different Levels of Innovativeness: Case of Firms in EU Countries Ljiljana Božić, The Institute of Economics, Croatia Keywords: R&D, training, branding, acquisition of technology, design Abstract The Role of Network Ties in SME Internationalisation in the United Arab Emirates Nataša Kobal University of Primorska, Slovenia Maciej Czaplewski, University of Szczecin, Poland Keywords: business network ties, institutional network ties, network theory, market entry mode, firm performance Abstract 19 Social Issues Thursday, 12 November 2020 • 15.45–17.15 Session Chair: Tatjana Horvat A Review of Methodological Choices Relating to Work-Life Boundary Research Sulakshana De Alwis, National School of Business Management, Sri Lanka Patrik Hernvall, Stockholm University, Sweden Keywords: work-life boundary management, boundary theory, integration, segmentation, work-life conflict, methods Abstract Emotional Intelligence and Entrepreneurs Mirela Kljajić-Dervić, University of Bihać, Bosnia and Herzegovina Ema Mustajbasic, University of Zenica, Bosnia and Herzegovina Šemsudin Dervić, Zavod zdravstvenog osiguranja USK-a, Bosnia and Herzegovina Keywords: emotional intelligence, entrepreneurship, entrepreneurs Abstract Posted Workers in Slovenia: Challenges for Employers and Challenges for Public Authorities Elizabeta Zirnstein, University of Primorska, Slovenia Suzana Sedmak, University of Primorska, Slovenia Klemen Širok, University of Primorska, Slovenia Keywords: posting of workers, Directive 2018/957, labour market Abstract The Influence of Religions on Business of Multinational Companies: The Case of Podravka Tatjana Horvat, University of Primorska, Slovenia Ana Raba¯ dija, Rasco d.o.o., Croatia Vito Bobek, University of Applied Sciences FH Joanneum, Austria Keywords: business operations of the company, influence of religion, multinational company, multiculturalism, market requirements Abstract Crisis Management: Did Finnish Government Succeed in Managing the Refugee Crisis 2015? Moussa Ahmad, University of Vaasa, Finland Keywords: management, crisis management, refugee, integration Abstract 20 Management II Friday, 13 November 2020 • 9.00–10.30 Session Chair: Christoph Bach Exploring the Challenges and Future Development of Humanitarian Logistics in China: SARS, H1N1, and COVID-19 Yicong Sha, Wenzhou-Kean University, China Candy Lim Chiu, Wenzhou-Kean University, China Keywords: COVID-19 outbreak, China, Red Cross Society of China, humanitarian logistics, humanitarian supply chain management Abstract Circular Economy in Airlines: Assessing the Effectivity of CE Principles in Commercial Flights Aitor Salesa Rubira, University of Zaragoza, Spain Raúl León Soriano, University of Zaragoza, Spain José Mariano Moneva Abadía, University of Zaragoza, Spain Keywords: airlines, environmental performance, service industry, waste management, circular economy Abstract Management Control Tools for Sustainability: A Systematic Literature Review on the Sustainability Balanced Scorecard Chiara Mio, University Ca’ Foscari of Venice, Italy Antonio Costantini, University Ca’ Foscari of Venice, Italy Silvia Panfilo, University Ca’ Foscari of Venice, Italy Marina Piovan, University Ca’ Foscari of Venice, Italy Keywords: sustainability, management control, sustainability balanced scorecard Abstract Industry 4.0: A Big or a Small Revolution? Crucial Competences! Christoph Bach, Comenius University in Bratislava, Slovak Republic Rozália Sulíková, Comenius University in Bratislava, Slovak Republic Keywords: Industry 4.0, smart factory, leadership, competences, VUCA World Abstract 21 Economics Friday, 13 November 2020 • 9.00–10.30 Session Chair: Borut Likar Systematic Literature Review on Green Supply Chain Management in the Automotive Industry in Romania Hámos Mária Dalma, University of Partium, Romania Keywords: green supply chain, automotive industry, sustainability, environmental performance Abstract Influence of Ownership Structure on the Performance of Slovenian Textile Enterprises Barbara Jernejčič Dolinar, Faculty of Design, Slovenia Štefan Bojnec, University of Primorska, Slovenia Keywords: textile industry, ownership structure, enterprise dynamics, employee dynamics, Slovenia Abstract Analysis of the Effectiveness of Public Investments in Research and Development in the Republic of Slovenia Borut Likar, University of Primorska, Slovenia Tina Žitko, University of Primorska, Slovenia Keywords: analysis, investment efficiency, research and development, enterprises, Slovenia Abstract 22 Capital Structure and Budgeting Friday, 13 November 2020 • 9.00–10.30 Session Chair: Vojtˇ ech Menzl Evaluating Investment Projects’ Performance: Non-Monetary Factors Manta Andreea-Mariana, The Bucharest University of Economic Studies, Romania Dobrea R˘ azvan-C˘ at˘ alin, The Bucharest University of Economic Studies, Romania Keywords: evaluation, project performance, non-monetary factor, non-quantifiable factor Abstract Is ‘Operating Profit’ Set in Stone? A Commentary on the New IASB’s Exposure Draft ‘General Presentation and Disclosures’ Michele Bertoni, University of Trieste, Italy Bruno De Rosa, University of Trieste, Italy Paola Rossi, University of Trieste, Italy Keywords: financial accounting, financial reporting, IFRS, IAS 1, IAS 7, income statement, operating income, cash flow statement Abstract Time Value of Risk: Value Treatment of Negative Risky Cash Flows Vojtěch Menzl, University of Economics, Prague, Czech Republic Keywords: RADR, certainty equivalent method, CAPM, beta coefficient, utility function, risk, risky, risk-free discount rate, corporate finance Abstract 23 Tourism II Friday, 13 November 2020 • 9.00–10.30 Session Chair: Aneta Ka´ zmierczyk The Tourist Destination Developing Process: Seville Case Study Valeria Cocco, Sapienza University, Italy Marco Brogna, Sapienza University, Italy Keywords: sustainability, competitiveness, tourism Abstract The Smart Destination Concept: The Example of the City of Zagreb Zrinka Zadel, The Faculty of Tourism and Hospitality Management in Opatija, Croatia Ivana Ivančić, The Faculty of Tourism and Hospitality Management in Opatija, Croatia Antonio Badurina, Jadranka d.d. Mali Lošinj, Croatia Keywords: smart destination concept, smart city, smart solutions, mobile applications, City of Zagreb Abstract Cultural Heritage as an Instrument for the Tourism Sector: A Cultural Network Approach Francesca Amendola, University of Salerno, Italy Anna Papaccio, University of Salerno, Italy Keywords: management, tourism, network formation, organizational model Abstract Sustainable Destination Management Planning: The Case of Slovenia Aljaz Nerad, University of Primorska, Slovenia Roberto Biloslavo, University of Primorska, Slovenia Marko Koscak, University of Maribor, Slovenia Igor Jurincic, University of Primorska, Slovenia Keywords: sustainable tourist destination, sustainable management, Slovenia Abstract The Right to Housing in the Light of Overtourism Aneta Kaźmierczyk, Cracow University of Economics, Poland Keywords: overtourism, housing, travel Abstract 24 Energy Friday, 13 November 2020 • 9.00–10.30 Session Chair: Alenka Lena Klopˇ ciˇ c Investment and Financing Perspectives for a Solar Photovoltaic Project Andrea Marchioni, University of Modena and Reggio Emilia, Italy Carlo Alberto Magni, University of Modena and Reggio Emilia, Italy Davide Baschieri, University of Modena and Reggio Emilia and GRAF Spa, Italy Keywords: photovoltaic solar energy, project evaluation, net present value, distribution policy Abstract The Role of Green Energy in Investment Strategy Plans of European Listed Electricity Utility Companies Béla Kádár, Corvinus University of Budapest, Hungary Erika Jáki, Corvinus University of Budapest, Hungary Keywords: green energy, investment, Europe, renewable energy Abstract Functioning and Development of the Retail Electricity Market in Slovenia Alenka Lena Klopčič, Montel Energetika.NET, Slovenia Drago Papler, Elektro Gorenjska, Slovenia Jana Hojnik, University of Primorska, Slovenia Keywords: end-consumer, retail electricity market functioning, liberalisation development, Slovenia Abstract 25 Poster Session Friday, 13 November 2020 • 10.45–12.00 Session Chair: Jana Hojnik Structure of Industry in the North-Western Counties of Romania Ferenc Szilágyi, Partium Christian University, Romania Szilárd Podruzsik, Corvinus University of Budapest, Hungary Keywords: industry, north-western Romania, financial performance Abstract Enter the Editor: Assessing Editorial Decisions’ Impact in Double Blind and Open Review Systems Via Evolutionary Game Logit-Simulations Mantas Radzvilas, Marche Polytechnic University, Italy Francesco De Pretis, Marche Polytechnic University, Italy William Peden, Erasmus University Rotterdam, The Netherlands Daniele Tortoli, University of Modena and Reggio Emilia, Italy Keywords: agent based modelling, double-blind peer review, evolutionary game theory, open review, replication crisis, simulation Abstract AIMED – Aiming to Educate by Promoting the Academic Dimension of Erasmus+ Armand Faganel, University of Primorska, Slovenia Igor Rižnar, University of Primorska, Slovenia Keywords: Erasmus+, education Abstract University Students’ Entrepreneurial Intentions: A Comparative Analysis Doris Gomezelj Omerzel, University of Primorska, Slovenia Tina Bratkovič Kregar, University of Primorska, Slovenia Jana Hojnik, University of Primorska, Slovenia Keywords: entrepreneurship, motivational factors, entrepreneurial environment, barriers, entrepreneurial intention, students Abstract Stress and Stress-Related Outcomes Among Employees in the Star Vital Project Ana Arzenšek, University of Primorska, Slovenia Matija Vodopivec, University of Primorska, Slovenia Keywords: stress, work related stress, Star vital project, older workers, occupational health Abstract 26 Empirical Conceptualization of Sustainability Indicators for the Yachting Industry Jana Hojnik, University of Primorska, Slovenia Roberto Biloslavo, University of Primorska, Slovenia Keywords: sustainability indicator, yachting industry, yacht-related manufacturing industry, yacht-related service sector, yacht-related maritime infrastructure, small and medium enterprises Abstract Teaching with Brain in Mind – Why Flipboard Matters? Igor Rižnar, University of Primorska, Slovenia Armand Faganel, University of Primorska, Slovenia Keywords: teaching, brain, flipboard Abstract 27 Management III Friday, 13 November 2020 • 12.00–13.30 Session Chair: Marko Peri´ c Compliance Management of GDPR in Healthcare Environment (University Medical Centre Ljubljana Case) Marko Zebec Koren, International School for Social and Business studies, Slovenia Keywords: GDPR, compliance, personal data, data controller, data processor, 4-dimension GDPE scheme Abstract Green Supply Chain in the Context of Chinese Characteristics Yuan Ma, Wenzhou-Kean University, China Candy Lim Chiu, Wenzhou-Kean University, China Keywords: supply chain, Green Supply Chain Management (GSCM), China; environmental protection Abstract Gaps and Opportunities for Growth in the Mediterranean Blue Bioeconomy Sector Borut Likar, University of Primorska, Slovenia Rudi Panjtar, Jožef Štefan Institute, Slovenia Peter Štrukelj, University of Primorska, Slovenia Keywords: blue bioeconomy, Mediterranean, gaps, opportunities for growth, sustainable development Abstract Do Tourism and Project Management Need Each Other? Bibliographic and Content Analysis of Top-Ranked Project Management and Tourism Journals Marko Perić, University of Rijeka, Croatia Keywords: project management, knowledge areas, tourism, VOSviewer Abstract 28 Agricultural Economics II Friday, 13 November 2020 • 12.00–13.30 Session Chair: Imre Fert˝ o Farm Growth and Liquidity Constraints in Slovenia Imre Fert˝ o, Institute of Economics, CERS, Kaposvár University, Hungary Štefan Bojnec, University of Primorska, Slovenia Keywords: farm growth, farm size, liquidity constraints, dynamic panel model Abstract Climate Change Effects on Farmer’s Economic Performance: A Systematic Literature Review Enik˝ o Vígh, NARIC Research Institute of Agricultural Economics, Hungary and Partium Christian University, Romania Imre Fert˝ o, Hungarian Academy of Sciences, Hungary József Fogarasi, NARIC Research Institute of Agricultural Economics, Hungary and Partium Christian University, Romania Keywords: agriculture, crop production, climate change, systematic review Abstract The Impact of Agricultural Policy on Agricultural Employment in Slovenia Imre Fert˝ o, Institute of Economics, CERS, and Kaposvár University, Hungary Štefan Bojnec, University of Primorska, Slovenia Keywords: agricultural employment, agricultural policy, panel data analysis Abstract Impact of Common Agricultural Policy Payments on Income Distribution Imre Fert˝ o, Institute of Economics, CERS, and Kaposvár University, Hungary József Fogarasi, AKI-NAIK, Hungary, and Partium Christian University, Romania Keywords: farm income, off-farm income, Common Agricultural Policy, less favoured areas, Gini decomposition Abstract 29 Financing Friday, 13 November 2020 • 12.00–13.30 Session Chair: Adriana Galant Tax Policy and Firms’ Financial Choices: Empirical Evidence from the Dominican Republic Alessandra Amendola, University of Salerno, Italy Marinella Boccia, University of Salerno, Italy Gianluca Mele, World Bank, USA Luca Sensini, University of Salerno, Italy Keywords: tax policy, capital structure, financial decisions, Dominican Republic Abstract Understanding the Effect of Operating and Financial Leverage to Absorb Macroeconomic Shocks Tomás Reyes, Pontificia Unviersidad Catolica de Chile, Chile Roberto Vassolo, IAE Business School, Argentina Consuelo Game, Pontificia Unviersidad Catolica de Chile, Chile Keywords: operating leverage, financial leverage, recessions, firm value Abstract Credit Rating of SMEs: Elements Considered by Spanish Banks Alaitz Mendizabal Zubeldia, University of the Basque Country, Spain Marian Zubia Zubiaurre, University of the Basque Country, Spain Aitziber Olasolo Sogorb, University of the Basque Country, Spain Ana Blanco Mendialdua, University of the Basque Country, Spain Keywords: banking relationship, credit risk rating, access to bank financing, SMEs Abstract Assessment of the Formation of the Financial Culture of the Russian Population Tatiana A. Alabina, Kemerovo State University, Russia Nikita G. Burlachenko, Kemerovo State University, Russia Keywords: financial culture, population, Russia Abstract Initial Financing of Croatian SMEs – Financial Reports Evidence Roberta Kontošić Pamić, Juraj Dobrila University of Pula, Croatia Adriana Galant, Juraj Dobrila University of Pula, Croatia Keywords: entrepreneurship, financing, financial reports, SMEs, Croatia Abstract 30 Intangible Capital Friday, 13 November 2020 • 12.00–13.30 Session Chair: Tjaša Redek The Motivation to Invest in Intangibles: Conceptual Model Eva Erjavec, University of Ljubljana, Slovenia Tjaša Redek, University of Ljubljana, Slovenia Keywords: intangible capital, firm level motivation, firm performance, theoretical model Abstract Development of a Questionnaire for Collecting Intangible Capital Data in Croatian Firms Daria Maravić, University of Rijeka, Croatia Dunja Škalamera Alilović, University of Rijeka, Croatia Keywords: intangible capital, tourism, questionnaire, Croatia Abstract A Bibliometric Analysis of the Study of Intangible Capital in Economic Literature Tjaša Redek, University of Ljubljana, Slovenia Uroš Godnov, University of Primorska, Slovenia Eva Erjavec, University of Ljubljana, Slovenia Keywords: intangible capital, bibliometric analysis Abstract 31 Marketing Friday, 13 November 2020 • 12.00–13.30 Session Chair: Mitja Ruzzier Building Brand’s Customer Engagement through Brand’s Social Media Estefania Ballester, University of Valencia, Spain Carla Ruiz, University of Valencia, Spain Natalia Rubio, Autonoma University of Madrid, Spain Keywords: emotional engagement, behavioural engagement, social media, tourism sector Abstract Barriers to and Facilitators of Implementing Design Thinking as an Innovation Methodology Anja Svetina Nabergoj, University of Ljubljana, Slovenia Anastasia Liakhavets, University of Ljubljana, Slovenia Andrei Petukh, University of Ljubljana, Slovenia Blaž Zupan, University of Ljubljana, Slovenia Keywords: innovation, creativity, design thinking Abstract Mindfulness for Sustainable Consumption: First Findings from a Qualitative Research on Religious Beliefs Oriented Consumers Patrizia de Luca, University of Trieste, Italy Giovanna Pegan, University of Trieste, Italy Keywords: mindful consumption, sustainable consumption, religious beliefs Abstract Brand Co-Creation Process among Slovenian and Italian Startup Companies Maja Konečnik Ruzzier, University of Ljubljana, Slovenia Tomaž Kolar, University of Ljubljana, Slovenia Tatiana Manolova, Bentley University, USA Matej Rus, University of Maribor, Slovenia Jana Hojnik, University of Primorska, Slovenia Mitja Ruzzier, University of Primorska, Slovenia Keywords: startup, co-creation, brand Abstract 32 33 Management International Conference ISSN 2712-3766 | www.mic.fm-kp.si University of Primorska Press www.hippocampus.si Document Outline MIC 2020 Contents Conference Organisers Welcome Address by the Organisers Programme Boards Conference Programme Keynote Speaker Publication Opportunities Session Management I Banking Digitalisation Tourism I Agricultural Economics I Financial Markets and Institutions I Education Pandemics Related Issues Education Management Financial Markets and Institutions II Entrepreneurship and Innovation Social Issues Management II Economics Capital Structure and Budgeting Tourism II Energy Poster Session Management III Agricultural Economics II Financing Intangible Capital Marketing