Projects / Programmes source: ARIS

The challenges of investors, firms, financial institutions and a government in an uncertain European economic environment

Research activity

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
Evaluation (rules)
source: COBISS
Data for the last 5 years (citations for the last 10 years) on September 28, 2023; A3 for period 2017-2021
Data for ARIS tenders ( 04.04.2019 – Programme tender , archive )
Database Linked records Citations Pure citations Average pure citations
WoS  179  3,057  2,900  16.2 
Scopus  198  4,016  3,811  19.25 
Researchers (23)
no. Code Name and surname Research area Role Period No. of publicationsNo. of publications
1.  23616  PhD Aleš Ahčan  Economics  Researcher  2018 - 2021  174 
2.  23011  PhD Aleš Berk Skok  Economics  Researcher  2018 - 2023  801 
3.  55135  Matic Bradač    Technical associate  2021 - 2023  11 
4.  15628  PhD Mitja Čok  Economics  Researcher  2018 - 2023  371 
5.  14032  PhD Liljana Ferbar Tratar  Economics  Researcher  2018 - 2023  112 
6.  53493  Urša Ferjančič  Economics  Junior researcher  2019 - 2023 
7.  36630  PhD James Foye  Economics  Researcher  2018 - 2021  23 
8.  52851  PhD Riste Ichev  Economics  Researcher  2019 - 2023  33 
9.  19762  PhD Maja Konečnik Ruzzier  Economics  Researcher  2018 - 2023  376 
10.  14742  PhD Marko Košak  Economics  Researcher  2018 - 2023  517 
11.  56965  Barbara Kurbus  Economics  Junior researcher  2022 - 2023 
12.  37638  PhD Mina Ličen  Economics  Researcher  2019 - 2023  78 
13.  23015  PhD Igor Lončarski  Economics  Researcher  2018 - 2023  316 
14.  24394  PhD Matej Marinč  Economics  Researcher  2018 - 2023  277 
15.  20065  PhD Igor Masten  Economics  Researcher  2018 - 2023  479 
16.  09629  PhD Mojmir Mrak  Economics  Researcher  2018 - 2023  784 
17.  04049  PhD Dušan Mramor  Economics  Researcher  2018 - 2023  789 
18.  25487  PhD Vasja Rant  Economics  Researcher  2018 - 2023  189 
19.  16156  PhD Sergeja Slapničar  Economics  Researcher  2018  479 
20.  39179  PhD Ursula Slapnik  Economics  Junior researcher  2018 - 2020  17 
21.  18932  PhD Aljoša Valentinčič  Economics  Head  2018 - 2023  486 
22.  17001  PhD Maja Zaman Groff  Economics  Researcher  2018 - 2023  272 
23.  29872  Tadeja Žabkar Lebič    Technical associate  2018 - 2020 
Organisations (1)
no. Code Research organisation City Registration number No. of publicationsNo. of publications
1.  0584  University of Ljubljana, School of Economics and Business (SEB)  Ljubljana  1626922  41,231 
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
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