h i g h l i g h t s • To point out the theoretical advantages of GMM in relation to other (often used) panel data estimators. • To demonstrate its advantages in the case of the emerging markets in the countries of Latin America. • To identify a relevant econometric model. • To demonstrate the impact of crucial macro and microeconomic variables on the NPLs.

Life satisfaction influences sustainable personal growth among students by ensuring that they more firmly apply themselves in their education. Universities represent an environment where students may improve their life satisfaction through better academic performance and being engaged in extracurricular sport. This study evaluates life satisfaction (LS) among university students, 18 to 28 years of age to confirm whether academic performance, involvement in sports and physical activity are factors relating to higher levels of LS among university students. The study uses the Brief Multidimensional Life Satisfaction Scale. Over a three-year timeframe, a questionnaire was administered to a sample of 875 students across areas of study in institutions of higher education in Serbia. The data were analyzed using Mann–Whitney and Kruskal–Wallis tests. LS among students is found to be significantly improved under the following conditions: removing the burden to pay for one’s tuition, having a better Grade Point Average (GPA) as well as being involved in sport. Moreover, the optimum level of physical activity to positively affect LS is found to be four to five hours a week.

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Životna sredina izložena je negativnom uticaju poslovanja koji se ogleda u velikoj eksploataciji prirodnih resursa i zagađenju prirode. Pitanje zaštite životne sredine je veoma značajno za turističke destinacije koje su izložene negativnim efektima poslovanja brojnih preduzeća u njihovom okruženju. S tim u vezi, zeleni hoteli dobijaju sve više na značaju jer svoje poslovanje baziraju na smanjenju potrošnje prirodnih resursa i smanjenju zagađenja. Cilj ovog rada je da istraži percepciju potrošača u vezi sa zelenim hotelima, njihovu nameru ih ponovo posete, kao i da ih preporuče prijateljima, poznanicima ili posredstvom društvenih mreža. Osim toga, doprinos ovog istraživanja je u definisanju mogućnosti za razvoj preduzetništva u oblasti zelenog hotelijerstva. Rezultati istraživanja omogućavaju preduzetnicima da uvide prednosti primene ekoloških principa u poslovanju i kako ih potrošači vrednuju. Za potrebe ovog rada sprovedeno je empirijsko istraživanja na bazi upitnika koji je sadržao 5 varijabli i 21 konstataciju. Rezultati pokazuju da implementacija zelene prakse u hotelijerstvu ima pozitivan uticaj na satisfakciju potrošača, nameru da posete ove hotele, kao i da ih preporuče prijateljima, poznanicima i posredstvom društvenih mreža.

Purpose Organizations profoundly create development paths of individual’s careers. Therefore, the purpose of this paper is to gain understanding about how organizational context (shaped by the complex relationship between trade union strength and HRM strength) influences the application of organizational career management (OCM) practices seen through the lens of the theory of cooperation and competition (Deutsch, 1949; Tjosvold, 1984). Design/methodology/approach Inferential statistical analyses (Kruskal–Wallis and Mann–Whitney tests) were applied to test the CRANET survey data collected from 92 large-sized private-sector organizations within an EU country characterized by a medium to high-trade union density. Findings Results offered consistent empirical evidence that a comprehensive set of OCM practices are applied differently across four distinctive modalities of the union-HRM relationship. Specifically, the “union-HRM synergy” relationship (high-HRM/high-unionization) has been recognized as the most promising for adopting such developmental practices, providing an evidence of complementarities between trade unions and HRM professionalism. Practical implications The research suggests that synergistic collaboration between trade unions and HRM might provide employees with even more career development opportunities than when organizations pursue the asynchronous single-sided “Total HRM strategy.” Originality/value This study rejuvenate a traditional career management research agenda by introducing a new theoretical lens for studying the interplay between trade unions and HRM and have put an emphasis on how their strength is related to the incidence of OCM practices.