The paper deals with the efficiency dynamics of the Croatian banking industry, covering the period from 2006 to 2015. We have implemented the intermediation approach, using interest and non-interest expenses and revenues as the input and output variables, respectively. The variable return to scale (BCC) Data Envelopment Analysis (DEA) output-oriented model has been implemented, and we have estimated the crisis-driven efficiency trends, as well as the impact of the EU membership. We further estimated the efficiency effects of the relative market power/size, ownership structure, and origin of capital. The global crisis had detrimental effects since the overall efficiency score dropped by about 3%. On the contrary, Croatian banks have largely benefited from the EU membership, and the efficiency score after the EU association increased by about 45%. The market leaders are more efficient than the competitive fringe, which is in line with the efficiency structure hypothesis. In addition, the biggest banks are the most efficient ones, meaning that the scale efficiency hypothesis has also been upheld. Contrary to the agency theory hypothesis, state-owned banks are permanently more efficient than private banks. Finally, the results support the home-field advantage hypothesis exclusively for the pre-crisis period (2006)(2007)(2008)(2009).
With this paper, we aim to examine the relationship between cognitive, social, and demographical factors, as well as national culture and its relationship with social entrepreneurial activity in Southeast Europe (SEE). The empirical research employs a binary logistic regression model, utilizing data obtained from the Global Entrepreneurship Monitor. For the purpose of the empirical research, we selected a sample of early-stage entrepreneurs who founded their businesses in Hungary, Romania, Slovenia, Croatia, or North Macedonia. The research sample in these five countries includes 10,012 examinees, of which 615 are social entrepreneurs. A statistically significant relationship was identified between observed phenomena in terms of entrepreneurial networking, risk aversion, individualism, entrepreneurial social image, media impact, gender, work status, and education. The results can be explained by the specific entrepreneurial context of the SEE region. We also point out recommendations for future research.
Сажетак: Брз развој, иновације и комбиновање различитих технологија довели су до формирања нових информационо-телекомуникационих производа. Услуге рачунарства "у облаку", интернет, преносиви (мобилни) уређаји, телематика итд., само су неки од таквих производа модерне технологије који омогућавају брзу и максимално ефикасну обраду података. Могућност слободног приступа интернету и појефтињење технологије одређивања географског положаја довели су до неограничене примене мобилних паметних телефона за потребе телематике. Истовремено, информационо-комуникационе технологије врше одлучујући утицај на унапређење начина на који функционишу друштво и пословне делатности.У овом раду, аутори анализираjу општи значај телематике, њену дефиницију, настанак и предности које она доноси у пословању осигуравача у осигурању од аутоодговорности и одређеним другим врстама осигурања. У раду су коришћени статистички подаци о тржишту телематике, услови пружања осигурања телематике и други извори.Кључне речи: телематика, информационо-комуникационе технологије, осигурање, осигураник, аутоодговорност.Abstract: Rapid development, innovations and the blend of different technologies have brought about the development of new IT-communication products. Cloud computing, the Internet of things, mobile devices, telematics etc. are only some of the products of modern technology that provide swift and highly efficient data processing. The possibility of free access to the Internet and cheaper technology for the determination of geographical position contribute to the development of an unlimited number of smartphone applications for use in telematics. Simultaneously, IT communication makes a decisive impact on improving the way in which society and businesses operate.In this paper, we examine the general significance of telematics, its notion, history and the advantages it brings to insurer operations in the motor third-party liability (MTPL) and a few other insurance types. Statistical data about the telematics market, the conditions for the provision of telematics services and some other resources were used in this paper.
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