© Emira Kozarević, Nedžad Polić, Amela Perić, 2017. Financial system supports economic growth, while its regulatory framework provides stability for investors. Developing countries with bank-oriented financial systems are not attractive to investors, so prolonged status quo leads to economic deterioration. This is particularly the case with some of the most underdeveloped areas in Europe: Western Balkans. It is essential the developing countries in this region consider steps towards financial liberalization, which will help open the borders for capital flows and attract new investments. The main goal of this paper is to review and present the available information related to the banking system development in Western Balkans in terms of ownership structure, capital adequacy, loan and asset performance, return on investment and liquidity. These indicators should provide a clearer picture of the current financial systems in Western Balkans economies and their development progress - useful for comparison with other developing regions and financial transformation and liberalization efforts.
Kozarević, E, Polić, N & Perić, A 2017, 'To liberate or to regulate: Balanced approach to bank-oriented financial system transformation in developing countries', Banks and Bank Systems, vol. 12, no. 1, pp. 60-66.View/Download from: UTS OPUS or Publisher's site
© Emira Kozarević, Nedžad Polić, Amela Perić, 2017. A stable, transparent financial system inspires confidence among investors and supports the overall economic growth. Inflexible regulation tends to slow down economic progress, making countries less attractive to investors. Economies with bank-oriented financial systems tend to be less attractive to investors, so their long-term goal is to demonstrate flexibility through liberalization, attracting new investors and ensuring survival in highly competitive and unforgiving global conditions. Liberalization success is even more essential for developing countries and their efforts to open the borders for capital flows and attract new investments. While financial liberalization affects all sectors of the economy and directly influences growth, it does not guaranty it. The removal of financial restrictions could affect capital distribution, increase volatility, create challenges for banks, etc. To support the liberalization efforts, it is very important to understand the nature of banking business, criticality of transparent and effective regulatory framework, as well as the expectations of potential investors. The main goal of this paper is to discuss the process of financial liberalization in developing countries and motivate the policy makers to consider available lessons when creating their balanced approach to financial (de)regulation processes towards financial development and integration in the global financial landscape.
Peric, A, Polic, N & Kozarevic, E 2016, 'Application Of Data Science In Financial And Other Industries / Primjena Znanosti Podataka U Financijskom I Drugim Sektorima', Proceedings of the International Scientific Symposium Economy Of Eastern Croatia – Vision And Growth, International Scientific Symposium Economy Of Eastern Croatia – Vision And Growth, Sveuĉilište Josipa Jurja Strossmayera u Osijeku, Osijek, pp. 1078-1090.View/Download from: UTS OPUS
Peric, A, Sankaran, S & Twyford, JW 2011, 'Successful IT projects and their impact on operations in organisations: A research case study', Proceedings of the PMI India Research and Academic Conference, PMI India Research & Academic Conference on Project Management, Project Management Institute India, Pune, India, pp. 1-15.View/Download from: UTS OPUS
Project success remains one of the favorite and most researched topics of the project management discipline. This article relates to the use of case study methods in recent doctoral research that focused on extending the project success evaluation criteria beyond 'usual' project objectives (budget, deliverables, timeline) to include evaluation of impacts created by projects, such as: alignment with strategy, solution efficiency, ongoing maintainability and associated post-implementation cost. Most of these factors are often neglected and excluded from project evaluation and strategic alignment processes. The goal of this study was to find ways to increase the overall benefits to organisations achieved through projects, while minimising unplanned and unforeseen negative impacts. The use of case study in this research facilitated the extension of the theoretical study of project management to a commercial environment - by investigating a specific problem related to practical applications of project management.