Projects / Programmes
The challenges of investors, firms, financial institutions and a government in an uncertain European economic environment
January 1, 2018
- December 31, 2027
| Code |
Science |
Field |
Subfield |
| 5.02.00 |
Social sciences |
Economics |
|
| Code |
Science |
Field |
| S180 |
Social sciences |
Economics, econometrics, economic theory, economic systems, economic policy |
| Code |
Science |
Field |
| 5.02 |
Social Sciences |
Economics and Business |
financial stability, bank regulation, compensation schemes, audit, ethics, aging and pensions, sustainability, information propagation, price rigidity, financial aspects of EU development, sentiment analysis, multi-factor models, financial decisions in non-financial corporations, fintech, innovation
Data for the last 5 years (citations for the last 10 years) on
April 26, 2024;
A3 for period
2018-2022
| Database |
Linked records |
Citations |
Pure citations |
Average pure citations |
| WoS |
180 |
3,133 |
2,976 |
16.53 |
| Scopus |
199 |
4,145 |
3,940 |
19.8 |
Researchers (23)
Organisations (1)
Abstract
The recent changes in ever increasing pace of global transformation, either in socio-economic, political or technological sense pose new challenges to non-financial companies, financial institutions, the government and individuals. The research questions are focused around three key groups of challenges. First, socio-economic and financial challenges arising from the “new normal” (altered post-crisis environment, combined with ongoing sustainability issues). Secondly, institutional and political challenges in EU, but also around the World (rise of populism, Brexit, etc.). Finally, we will study challenges related to technological advances that have an impact on financial institutions, markets and, hence, individuals and societies. The focus spans both micro and macroeconomic levels, national and international perspectives, as well as branches out from predominantly finance and accounting topics to other research fields/disciplines, such as innovation, sustainability, cognitive and behavioral sciences, and data science. Such “cross-pollination” allows us to enrich the methodological approaches and tackle novel research questions in order to address the increasing challenges that investors, corporations, financial institutions and governments are being faced with. In terms of the first set of challenges that arise from changes in socio-economic and financial environment following the onset of global financial crisis we will investigate issues related to financial stability, both at micro and macro level. Next, the challenges related to the new bank regulatory framework will be investigated. We will also continue to analyze challenges related to the corporate governance issues, mostly those related to compensation schemes, audit and ethics in finance. Another major challenge that we will tackle is related to aging and pensions, both from fiscal perspective and from the perspective of individuals’ pension saving decisions. Important challenges are related to competitiveness, both from the perspective of sustainability and innovation, as well as from the perspective of firm behavior when it come so price and salary rigidity and corporate financial decisions. We will address the second set of challenges (institutional and political) by investigating financial aspects of EU development and political dimensions of relationship banking. Finally, the research group will address the third set of challenges related to advances in financial technology and innovation by exploring the effects of sentiment (as measured by novel textual analysis) on various segments of financial markets, asset pricing models and disruption in financial services industry.
Significance for science
Based on a combination of methods and cross-pollination between various fields, the research group will create new knowledge, expose it to critical evaluation and verification at top international scientific conferences in areas covered by the programme (e.g., European Finance Association, American Accounting Association, Financial Intermediation Research Society, Financial Management Association, European Accounting Association). A favorable critical evaluation leads to publications in high-quality academic journals. The group is committed to developing new knowledge, it has followed this commitment in the past as shown in the report on the implementation of the research programme in the previous period. In the next period we will maintain the same approach, while putting additional emphasis on the analysis of challenges and futher intertwining of various fields (e.g. economics and neurosciences, finance and innovation, economics and behavioral sciences, etc.).
Significance for the country
From the perspective of direct importance, the research group focuses on key challenges facing investor behavior and elements of competitiveness and sustainable development of Slovene companies, institutions and the national economy (macroeconomic and microeconomic challenges, challenges related to technological advances). It thus directly affects the economic position of these economic subjects. Economic activities are by definition social activities and hence any knowledge that helps the economic subjects to understand their and others behaviour in a competitive environment helps improve their socio-economic position. By studying the aforementioned challenges and taking into account the principles of sustainable development, the findings of the research group contribute to the long-term sustainability of their socio-economic position. Indirect importance of the research group output is reflected in the transfer of all the new knowledge to students in academic institutions; by committing to high-quality research they also set the standard for future research projects; by being actively involved in international research and professional associations they signal quality, increase the recognition of Slovenia, Slovenian science and Slovenian economy; by increasing public awareness when it comes to various challenges and providing recommendations we contribute to appropriate regulation of financial system, more socially responsible behavior of financial market participants and better stance of individual investors.
Most important scientific results
Interim report
Most important socioeconomically and culturally relevant results
Interim report
