Mic2015 Management International Conference Managing Sustainable Growth Proceedings of the Joint International Conference Organised by • University of Primorska, Faculty of Management, Slovenia • Eastern European Economics, USA, and • Society for the Study of Emerging Markets, USA Portorož, Slovenia, 28–30 May 2015 MIC 2015: Managing Sustainable Growth Proceedings of the Joint International Conference Organised by University of Primorska, Faculty of Management, Slovenia Eastern European Economics, USA, and Society for the Study of Emerging Markets, USA Portorož, Slovenia, 28–30 May 2015 Edited by Doris Gomezelj Omerzel and Suzana Laporšek Production Editor Alen Ježovnik Published by University of Primorska Faculty of Management Cankarjeva 5, 6101 Koper Koper | December 2015 Management International Conference ISSN 1854-4312 www.mic.fm-kp.si © University of Primorska, Faculty of Management Published under the terms of the Creative Commons CC BY-NC-ND 4.0 License. CIP – Kataložni zapis o publikaciji Narodna in univerzitetna knjižnica, Ljubljana 005.35(082)(0.034.2) MANAGEMENT International Conference (2015 ; Portorož) Managing sustainable growth [Elektronski vir] : proceedings of the joint international conference organised by University of Primorska, Faculty of Management, Slovenia, Eastern European Economics, USA, and Society for the Study of Emerging Markets, USA / Management International Conference – MIC 2015, Portorož, Slovenia, 28–30 May 2015 ; [edited by Doris Gomezelj Omerzel and Suzana Laporšek]. – El. knjiga. – Koper : Faculty of Management, 2015 Način dostopa (URL): http://www.fm-kp.si/zalozba/ISBN/978-961-266-181-6.pdf ISBN 978-961-266-181-6 (pdf) COBISS.SI-ID 283010816 Foreword The traditional Management International Conference (MIC) was organized in Portorož, Slovenia, in co-operation of University of Primorska, Faculty of Management, (Slovenia), Eastern European Economics (USA), and Society for the Study of Emerging Markets (USA). The focus of the conference was Managing Sustainable Growth. In this view the conference aimed to analyse various aspects of sustainable economic growth and development and to offer researchers and professionals the opportunity to discuss the most demanding other issues of sustainability. The conference was carried out in three tracks: • MIC Track (traditional Management International Conference, organised by University of Primorska, Faculty of Management) • Economics Track (organised by Eastern European Economics) • Finance Track (organised by Society for the Study of Emerging Markets) We would like to extend a sincere thank to all the participants and presenters for their contributions and participation. This year, we received 157 submissions and selected the best 129 papers from authors from 29 countries, and the total number of participants reached 200 (together with panel discussions and workshops). All abstracts of papers were included in the Book of Abstracts, ready for the conference. After the conference authors were invited to submit full papers to the supporting journals ( Borsa Istanbul Review, Comparative Economic Studies, Eastern European Economics, Economic Systems, Emerging Markets Finance and Trade, International Journal of Sustainable Economy, Management, and Managing Global Transitions) or to the Conference Proceedings. In the Conference Proceedings authors submitted 38 papers. We use this opportunity to thank all the reviewers for doing a great job in reviewing all full papers and for their precious time. Special thanks go to the keynote speaker, Prof. Dr. Dean Fantazzini from Moscow School of Economics, Moscow State University, Russian Federation. We would also like to thank: • the participants of the panel discussion on COMPETE project ‘Mark up in Food Value Chains’ which was based on research project supported by the European Commission’s Seventh Framework Programme, • the participants of the workshop ‘Innovative and Creative Ways to Enhance Teaching and Learning’ which was based on learning techniques that have been developed by members of the international MirandaNet Fellowship, • the editors of the supporting journals, and • to PhD students who participated at the Doctoral Students’ Workshop. Last but not least, we extend our sincere thanks to everybody who participated in the programme boards and organisation of the MIC 2015. Dr. Suzana Laporšek 3 Programme Boards Programme Board Chairs Dr. Josef Brada, Arizona State University, USA Dr. Štefan Bojnec, University of Primorska, Faculty of Management, Slovenia Programme Tracks Chairs Dr. Doris Gomezelj Omerzel, University of Primorska, Faculty of Management, Slovenia (MIC track) Dr. Josef Brada, Arizona State University, USA (Economics track) Dr. Ali Kutan, Southern Illinois University, USA (Finance track) Scientific Committee Dr. Cene Bavec, University of Primorska, Slovenia Dr. Eddy Siong-Choy Chong, Finance Accreditation Agency, Malaysia Dr. Udo Dierk, MEL-Institute, Paderborn, Germany DDr. Imre Fert˝ o, Corvinus University of Budapest, Hungary Dr. Rune Ellemose Gulev, University of Applied Sciences Kiel, Germany Dr. Marja-Liisa Kakkonen, Mikkeli University of Applied Sciences, Finland Dr. Pekka Kess, University of Oulu, Finland Ms. Eva Kras, International Society for Ecological Economics, Canada Dr. Raúl León, Universitat Jaume I de Castellón, Spain Dr. Mikhail Golovnin, MV Lomonosov Moscow State University, Russian Federation Dr. Kongkiti Phusavat, Kasetsart University, Thailand Dr. Mitja Ruzzier, University of Primorska, Slovenia Dr. Cezar Scarlat, University Politehnica of Bucharest, Romania Dr. Yao Y. Shieh, University of California Irvine Medical Center, USA Dr. Josu Takala, University of Vaasa, Finland Dr. Art Whatley, Hawaii Pacific University, USA Organising Team Dr. Suzana Laporšek, University of Primorska, Faculty of Management, Slovenia MSc. Maja Trošt, University of Primorska, Faculty of Management, Slovenia Tin Pofuk, University of Primorska, Faculty of Management, Slovenia Ksenija Štrancar, University of Primorska, Faculty of Management, Slovenia Staša Ferjančič, University of Primorska, Faculty of Management, Slovenia Rian Bizjak, University of Primorska, Faculty of Management, Slovenia Editorial Office Alen Ježovnik, University of Primorska, Faculty of Management, Slovenia 4 Table of Contents Alternative Job Satisfaction: Presentation of the Author’s Research Malgorzata Dobrowolska Full Text Managing Sustainable Profit Aleksander Janeš and Armand Faganel Full Text The Consumption of Frozen Fruit and Vegetables in the Context of Malnutrition and Obesity: New Brunswick, Canada Cyril Ridler and Neil Ridler Full Text Effective Factors in Enhancing Managers’ Job Motivation: Cross-Cultural Context Anna Wziątek-Staśko Full Text Disclosure of Non-financial Information in Tourism: Does Tourism Demand Value Non-Mandatory Disclosure? Adriana Galant, Tea Golja, and Iva Slivar Full Text Government Expenditure and Government Revenue: The Causality on the Example of the Republic of Serbia Nemanja Lojanica Full Text Branding Trends 2020 Armand Faganel and Aleksander Janeš Full Text A Price Crash Alerting Strategy for Agent-based Artificial Financial Markets Alexandru Stan Full Text Short Form Videos for Sustainability Communication Bryan Ogden Full Text A Comparison of Values among Students of Faculty of Management at University of Primorska Špela Jesenek, Ana Arzenšek, and Katarina Košmrlj Full Text 5 Equity Premium in Serbia: A Different Kind of Puzzle? Miloš Božović Full Text Senior Citizen Wellbeing: Differences between American and Finnish Societies Jukka Laitamäki and Raija Järvinen Full Text Building Technological Innovation Capability in the High Tech SMEs: Technology Scanning Perspective Dilip Pednekar Full Text Possible Impact of the ECB’s Outright Purchase Programmes on Economic Growth from Individual Eurozone Countries’ Point of View Maria Siranova and Jana Kotlebova Full Text Service Quality Measurement in Croatian Banking Sector: Application of SERVQUAL Model Suzana Marković, Jelena Dorčić, and Goran Katušić Full Text Psychological Contract and Employee Turnover Intention among Nigerian Employees in Private Organizations Salisu Umar and Kabiru J. Ringim Full Text Emergent Markets and Their Dilemmas: The Exchange Rate vs. Its Equilibrium – To Be or Not To Be? Case Study on the EUR/RON Currency (Romania) Dana-Mihaela Haulica Full Text Performance Ranking of Turkish Life Insurance Companies Using AHP and TOPSIS Ilyas Akhisar and Necla Tunay Full Text Performance Evaluation and Ranking of Turkish Private Banks Using AHP and TOPSIS K. Batu Tunay and Ilyas Akhisar Full Text Addressing the Fuzzy Front End of Innovation in an Innovative Manner Katarina Košmrlj, Klemen Širok, and Borut Likar Full Text 6 Dynamic Capabilities for Service Innovation Rima Žitkien˙ e, Egl˙ e Kazlauskien˙ e, and Mindaugas Deksnys Full Text Post-Transition Monetary and Exchange Rate Policies: Dilemmas on Eurozone membership in terms of Global Recession Gordana Kordić Full Text Coaching in Bosnia and Herzegovina? Mirela Kljajić-Dervić and Šemsudin Dervić Full Text Sustainability and Challenges of Water Supply System: Case Study of Residential Water Consumption in the City of Opatija Renata Grbac Žiković Full Text The Leadership: A Creative Item of the Organizational Culture; A Brief Focus on Banking System in Romania Cosmin Dumitru Matis Full Text Quality Management Systems in Croatian Institutes of Public Health Ana-Marija Vrtodušić Hrgović and Ivana Škarica Full Text Corporate Social Responsibility Depending on the Size of Business Entity Tatjana Horvat Full Text Sorting Through Waste Management Literature: A Text Mining Approach to a Literature Review Ksenia Silchenko, Roberto Del Gobbo, Nicola Castellano, Bruno Maria Franceschetti, Virginia Tosi, and Monia La Verghetta Full Text Measuring Transparency of the Corporate Governance in Slovenia Danila Djokic and Mojca Duh Full Text Sales Management: Romanian Example Florian Gyula Laszlo and Erica-Olga Brad Full Text 7 Environmental and Financial Performance in Italian Waste Management Firms Francesca Bartolacci, Ermanno Zigiotti, and T. T. Hai Diem Full Text Subsidies, Enterprise Innovativeness and Sustainable Growth Sabina Žampa and Štefan Bojnec Full Text The Public-Private Partnership Projects Legislation and PPP Project Experience in Slovakia Daniela Nováčková and Darina Saxunová Full Text Analysis of Financial Indicators of Montenegrin Hotel Industry Tatjana Stanovčić, Ilija Moric, Tanja Laković, and Sanja Peković Full Text Branding and Protection of Food Products with Geographical Indications on the Example of Drniš Smoked Ham Aleksandra Krajnović, Mladen Rajko, and Nevena Matić Full Text Financial Risk in Hungarian Agro-Food Economy József Fogarasi, Csaba Domán, Ibolya Lámfalusi, and Gábor Kemény Full Text When Can We Call It ‘Extraordinary Circumstances?’ Examination of Currency Exchange Rate Shocks Domagoj Sajter Full Text Proposal of the Brand Strategy of the Island of Pag in Function of Tourism Development Aleksandra Krajnović, Jurica Bosna, and Tanja Bašić Full Text 8 Document Outline MIC 2015 Foreword Programme Boards Table of Contents