Suchergebnisse

Cover -- CONTENTS -- Glossary -- SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS -- DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS -- A. Reconciliation Processes -- B. Compilation of Nonbudgetary Public Sector Units -- C. Classification Issues -- D. Officials Met During the Mission -- FIGURES -- 1. Illustration Step-by-Step Unravelling Annual Financial Statement into Entity Components -- 2. Step [A]-Verifying Net Income -- 3. Step [B]-Estimating Net Flows -- 4. Step [C]-Determine 'Other Economic Flows' and Unravelling Provisions -- 5. Step [D]-Allocating GFS Transactions, OEFs and Stocks -- 6. Step [E]-Finalizing GFS Framework, and Calculating NLB and Financing -- TABLES -- 1. Priority Recommendations -- 2. Adjustments on Revenue and Expense per GFSM 2014 and ESA 2010 -- 3. Adjusting Provisions Recording to the GFSM 2014 and ESA 2010 Methodology -- 4. Additional Recommendations -- 5. Comparison CONCEPT 'New' GFSM 2014 Framework Data and 'Old' HRT Data -- 6. Additional Recommendations -- 7. Illustration of Health Care Funding and Provision Flows Four Subsectors of the Economy -- 8. Generic Business Accounting Standards and GFS Recording Standards Compared (Treatment of Specific Concepts in the GFSM 2014 and ESA 2010 Frameworks) -- APPENDIX -- I. Proposed Compilation Process for Extrabudgetary Units

Fourteen years after the war's end, renewed national and international efforts are needed to complete the work of securing durable solutions for IDPs. Adapted from the source document.

This study aims to empirically investigate the determinants of online banking adoption in Bosnia and Herzegovina. The data presented in this paper was collected via a survey from 321 randomly selected banking users in Bosnia and Herzegovina. The survey was developed based on the Technology Acceptance Model (TAM) framework to test the constructs and their ability to predict consumers' behavioral intentions. All gathered data was processed and analyzed using the AMOS software version 24. We performed the Structural Equation Modeling (SEM) for path analysis to estimate the strength of the hypothesized relationships among the determinants. The findings indicate a significant impact of Attitude, Perceived Usefulness, and Perceived Ease of Use on consumers' Intention to Use online banking services. Further, the research has proven that Perceived Usefulness and Perceived Ease of Use impact consumers' Attitudes toward online banking adoption. The path analysis result suggests that Perceived Usefulness strongly mediates the relationship between Perceived Ease of Use and Attitude.

Bosnia and Herzegovina (BiH) is still dealing with the aftershocks of the global financial crisis that have weakened financial sector asset quality and profitability. System-wide solvency and liquidity indicators appear broadly sound, but significant pockets of vulnerability exist among domestically-owned banks. Banking and insurance oversight have improved since the 2006 financial sector assessment program (FSAP), but a number of important shortcomings in some segments remain. Decisive and immediate actions to deal with weak banks are critical for preserving financial stability. The legal framework governing creditor and debtor relationships is comprehensive, however neither debt resolution, businesses reorganization, nor bankruptcy liquidation work effectively. The financial reporting framework has improved recently and is substantially aligned with the acquis communautaire and harmonized between the two entities. Governance processes of state-owned banks reveal a number of concerns. There is a need to further strengthen the supervisory board selection process and internal audit functions of state banks. The Development Bank of the Federation of BiH is only partially supervised by the Banking Agency of the Federation of BiH (FBA). Specific strategies and exit plans for the Republika Srpska (RS) government's support of the financial sector are undefined.

This Technical Note was prepared in the context of a joint World Bank-IMF Financial Sector Assessment Program mission in Bosnia and Herzegovina during October-November 2014. Financial inclusion in Bosnia and Herzegovina performs relatively well compared to peers, but gaps remain for selected market segments. Financial sector development and access to finance for firms is constrained by weak domestic demand, high collateral requirements and inadequate credit enforcement mechanisms.

This Technical Note evaluates state bank corporate governance practices in Bosnia and Herzegovina. The analysis was completed during October 27-November 18, 2014. This TN is not a formal assessment against the Basel Committee's Principles for Enhancing Governance; rather, it assesses key issues and provides a set of recommendations to the authorities with the view to strengthen state bank governance and the State's ownership structures in Bosnia and Herzegovina. The governments of the Federation of Bosnia and Herzegovina (FBiH) and the Republic of Srpska (RS) are involved in their domestic banking systems through equity stakes and subordinated debt investments in certain banking institutions. Banks' supervisory boards are not performing their intended leadership role.

The highly concentrated ownership in the Bosnia and Herzegovina market provides a rich environment to explore corporate governance practices. The paper will assess effects that ownership structure of companies has on the level of implementation of corporate governance in companies listed on the Official market of the Banja Luka Stock Exchange. Results of implementation of the corporate governance in companies will be presented using Scorecard analysis for evaluation of the implementation of practices and principles of corporate governance for companies which are listed on the Official market of the Banja Luka Stock Exchange. Ownership structure will be presented in three groups of owners determined by controlling owner: government, domestic and foreign owners. Paper will show correlation and effect which different owners of companies have on the level of implementation of corporate governance in these companies. ; peer-reviewed

This article discusses the regular general election hold in Bosnia and Herzegovina (02.10.2022), the course of their electioneering, and the voting results. The analysis reveals the same main actors flashed on the political scene, the same principle collisions repeated, and even the methods of winning victory with the help of nationalist rhetoric remaining unchanged. However, the realignment of political forces has led to a new formula of power both in the Federation of Bosnia and Herzegovina and at the national level. The loser was the leading Islamist-nationalist Party of Democratic Action of the Bosniaks, which already bored its Western patrons with its destructive activity. Keeping up with these developments, an assessment of the prospects of the coalition government of Bosnia and Herzegovina formed by 21 political actors is suggested. Among them are the Croatian Democratic Union and the parties blocking with it, the Alliance of Independent Social Democrats with their partners from Republika Srpska and also eight secular Bosnian parties. A significant factor in maintaining the cabinet cohesion is the need to demonstrate to the EU its «cooperation», a sine qua non for Western support and funding. The Federation theoretically could face problems with the losers being able to block the process of authorities formation. However, according to the common understanding, Christian Schmidt, the High Representative of the international community in the country, will not allow this. It can be assumed that under the current international climate (when the Russian Federation is absorbed by the conflict in Ukraine, and Serbia is barely able to withstand Western pressure and the aggravation of the situation in Kosovo), even the allegedly pro-Russian President of the Republika Srpska, Milorad Dodik will be forced to take into account new political realities. If Brussels and Washington are smart enough to not push the Serbs «to the limit», the new Bosnia and Herzegovina government will finally have a chance to get down to business and do something useful for their citizens.

Over the last few decades, corporate risk management has become a very important element of management to financial and non-financial companies. In the modern business environment every company is exposed to corporate risk. It can be said that the way to deal with the corporate risk has become a crucial competitive advantage for enterprises in all industry sectors. Reducing the impact of corporate risks such as financial risks, operational risks, strategic and hazardous risks, companies can reduce the volatility of cash flows, thus reducing the expected costs of financial difficulties and agency costs and increase the present value of expected future cash flows. Also, by reducing the volatility of cash flows company increases the likelihood of securing sufficient quantities of its own funds for planned investments, eliminating the need to cut profitable projects or bear the transaction costs of expensive external financing.

The paper presents the results of research on the practice of corporate risk management in large non-financial companies in Bosnia and Herzegovina. Data on corporate risk management were collected using a questionnaire. The questionnaire was sent to 120 companies from Bosnia and Herzegovina, where 66 companies provided the required answers to the questions on the basis of which is ultimately formed variable risk that indicates the level of implementation of corporate risk management. Based on the study on the management of corporate risk in Bosnia and Herzegovina it can been concluded that most of the analyzed companies manage corporate risk, at least in certain segments. The largest number of companies actively controls only part of the overall exposure to corporate risk, or are considering the implementation of the complete process of corporate risk management. However, there are still a significant number of companies do not even manage corporate risk, and with them the risk management is primarily a result of occurred events. Although most of the observed companies monitor risks, it is worth pointing out that even 32% of the companies do not elucidate the risk tolerance, and even 45% of companies did not quantify the risks.

The paper presents a conceptual model of factors affecting knowledge management effectiveness and determines whether knowledge management exerts a positive impact on business performance in trade enterprises of Bosnia and Herzegovina. Research data have been collected through a survey. The research sample was composed of 317 Bosnian companies that employ from 10 to 600 employees. Collected data were analysed by use of factor analysis and structural equation modelling. This is the first research carried out to prove influence of some organisational factors on knowledge management effectiveness in developing country such as Bosnia and Herzegovina by use of structural equation modelling. The research results suggest that organisational culture mediates the impact of human capital, information technology, organisational structure, and leadership on knowledge management effectiveness and confirm the hypothesis that the latter influences financial and nonfinancial indicators of business performance. The findings carry theoretical implications for knowledge management literature as they extend the scope of research on knowledge management from examining a set of independent organizational factors to examining a system‐wide mechanism that connects organisational elements and knowledge management effectiveness. The results of this study also provide a practical reference for the business when the latter considers investment into knowledge management system development, thus increasing their chance for success especially within developing countries.

The main objective of this study is to compare the performance of two areas of banking in Bosnia and Herzegovina, that is, Islamic and conventional banking. In order to measure the performance of two banking sectors, profitability, efficiency and liquidity measures are implemented. For the purpose of the study secondary data from both banking sectors is used. The time interval covered in the study spans from 2008 to 2020. Ratio analysis and independent sample t-test is applied in order to check the characteristics of two banking sectors. Currently, studies investigating comparative performance of these two banking sectors in BiH are rare, therefore theoretical contribution will be evident. Practically, it will help bank customers to understand how Islamic banking sector performs relative to the conventional banking sector. Also, bank managers of selected banks will be able to compare performance of their banks relative to the other banks in terms of the ratios used in the study. The limitation of the study is that in Bosnia and Herzegovina there is only one bank that operates according to Islamic banking principles, which will represent Islamic banking sector in this study.

One of the biggest questions battling governments around the world is performance of State Owned Enterprises (SOEs), as they are one of the biggest companies in every country and have a large share in economics growth and prosperity. Power, water and other types of independence of each country are mainly based on resources controlled by State Owned Enterprises. This issue became more important in last few decades due to globalization and market liberalization. Paper analyses performance of SOEs from the Republic of Slovenia and Bosnia and Herzegovina. To understands differences and similarities between SOEs from Bosnia and Herzegovina and Slovenia we have conducted a comparison analysis. Measuring the success of these SOEs is based on the analysis of financial statements for period from 2008 to 2012, using indicators of profitability and market indicators. The results reveal that SOEs from Bosnia and Herzegovina have poor governance and much lower performance than SOEs from Slovenia. The broad conclusion that emerges from the results is that government of Bosnia and Herzegovina has to conduct extensive reforms and reorganization of its S SOEs in order to survive and grow. ; peer-reviewed