In this paper, a study was completed investigating the financial viability of a 5 MW solar power plant in Montenegro with direct access to the market, rather than a long-term power purchase agreement. The empirical research included an econometric analysis and forecast of the prices on the exchange market, using two methods, autoregressive integrated moving average (ARIMA) and neural network auto regression (NNAR), which are compared to the forecast electricity prices. The former was used in order to obtain the electricity prices forecast, since it showed significantly better predictive performances. Consequently, the financial analysis results indicated this business strategy is a financially more viable option, even though it implies increased risks. All investigated metrics and sensitivity analysis pointed in favor of this option, which has significantly higher profitability with a shorter payback period, compared to the usual market strategy. The main conclusion and recommendation drawn from the analysis are that taking into account the entire environment and prospects for the following years, a riskier business strategy of entering the market directly, or a so-called structured PPA, is put forward to improve project returns and speed up energy-transformation processes in a developing country.
Numerous research studies of the various companies’ business practices indicate a strong relationship between customer satisfaction, as an overall positive response generated after the use of the specific product or service, and their intention to continue using the products/services of the company. As a rule, satisfied and particularly delighted customers show intention to return and become loyal, whereas dissatisfied and disappointed customers have switching intentions. Therefore, the objective of this study is to empirically test to which extent the intention to switch banks in Montenegro depends on customer satisfaction or dissatisfaction. With this regard, we have posed a question inquiring about the level of consumers satisfaction/dissatisfaction with banking services in Montenegro, what their intentions are regarding the continuation of using services of the chosen bank (customer retention & defection), and to what extent customer satisfaction and dissatisfaction determine their intention to change the bank. The analysis has established a statistically significant correlation between satisfaction, dissatisfaction, and intentions of leaving the bank. Findings has shown a relatively high level of customer satisfaction with banking services in Montenegro, as well as confirming that dissatisfaction usually leads to the intention to leave and change the bank, while satisfaction leads to the continued use of the bank’s services. A high level of competition in the banking services market as well as the struggle for each consumer makes this topic undeniably current and this research represents a significant input for the bank management in Montenegro regarding the identification of the real situation with customer satisfaction and their intention to switch banks in accordance with their level of satisfaction.
Ever changing business landscape has numerous effects on employee behaviuor at work. This paper aims to test whether private and public sector employees in Montenegro are showing different levels of employee attitudes in the new working environment, taking into consideration severe changes from the recent past. In this research, the level of job engagement, job stress, and intentions to leave the organization were tested based on a sample of 1969 responders. Statistical T-test was applied as well as correlation analysis. The results of this research are showing that working in the private or public sector has a statistically confirmed effect on the level of job engagement, job stress, and turnover intentions. Besides, when the level of job stress increases, there is a decline in job engagement and an upsurge in turnover intention. Obtained results have scientific and practical implications.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.