Meldina Kokorovic Jukan | University of Tuzla (original) (raw)

Other by Meldina Kokorovic Jukan

International Journal of Sustainable Economies Management, 2012

In the Federation of Bosnia and Herzegovina (FB&amp;H) modern agricultural household is d... more In the Federation of Bosnia and Herzegovina (FB&amp;H) modern agricultural household is developing slowly and it is not on the satisfying level. Main feature of FB&amp;H agriculture in the future will be based on small and mid-sized agricultural households. Elements of production diversity and extensively will be kept for a while with relatively higher number of people in rural areas.

Access to Finance for SME's by Meldina Kokorovic Jukan

Tranzicija, Feb 2, 2015

Fostering development and growth of SMEs is a priority among the goals of national economies for ... more Fostering development and growth of SMEs is a priority among the goals of national economies for developed countries of the world as well as for countries in transition. Financial system plays important role for achieving these goals with a main purpose of preserving the stability of national economy. For the last few years, the main focus of the financial system towards real sectors is expanding. From the market observed as to complex for risk management, SMEs sector became strategic goal for financial institutions worldwide. At the same time, SMEs are facing many challenges and limitation in their business operations. Reduced accesses to market, reduced managers' ability to managing resources as well as limited access to capital are marked as the most important challenges for SMEs to overcome. Growth of SME banking, in terms of crediting and providing wide range of banking services, is result of the fact that bank, besides that are understanding the needs of SMEs, are managing to find answers for challenges of high credit risk. Due to the information technologies development banking sector is increasing its support for development and growth of SMEs through the increase of financial support as well as through the consulting services as a response to the challenges faced by this sector.

Derivative Markets by Meldina Kokorovic Jukan

Research in World Economy, 2014

This paper discusses development of financial derivatives markets in emerging market economies, f... more This paper discusses development of financial derivatives markets in emerging market economies, focusing on the use of financial derivatives in risk management purposes of non-financial firms in Bosnia and Herzegovina. For achieving the research goals authors collected data on the derivatives market structure and types of derivative instrument traded, focusing commercial banks, because of the authors' prior knowledge of the derivatives market. Additionally, in order to assess the current state and development perspectives of derivatives usage by the non-financial firms, authors conducted a research on the random sample of non-financial firms, using data from the Foreign Trade Chamber of Bosnia and Herzegovina as well as the information from lists of derivatives users-clients provided by some banks of Bosnia and Herzegovina. The research shows that derivatives market in the country exists as an over-the-counter market, where banks play dominant role and offer different types of derivative instruments. Three types of derivatives are being offered: currency forwards, currency swaps, and interest rate forwards. The main reason for the poor offer is low demand, lack of non-financial firms' knowledge about benefits of derivatives, and low number of business operations on the global markets by the non-financial firms.

International Journal of Management Cases, 2011

ABSTRACT Derivatives markets have been operating successfully in the USA since 1972. Their main p... more ABSTRACT Derivatives markets have been operating successfully in the USA since 1972. Their main purpose is to provide instruments for hedging risks associated with financial market movements. During these few decades there have been numerous disputes related to the efficiency of these markets. Some financial economists claim that derivatives markets if abused, may cause disturbances in the financial markets (what is recent crisis further indicated on), while some claim that derivatives markets provide irreplaceable instruments for hedging financial risks facing both financial and non-financial firms (which has its stronghold in normal market conditions). Understanding the importance of derivatives markets for the firms, it is our main goal to investigate the degree of derivatives market development in Bosnia and Herzegovina (B&H). Derivatives market in B&H does not exist as organized markets yet, but within the banking sector some types of derivatives are being offered to the firms, mainly derivatives for hedging foreign exchange and interest rate risk. In the paper we will present types of derivatives offered by banking sector, the level of demand for derivatives, the most attractive type of derivative and major arguments for its application, and at the end, possibilities and limitations of derivatives introduction to B&H stock exchanges.

Microfinance, Financial inclusion, Poverty by Meldina Kokorovic Jukan

Journal of Economic and Social Studies, 2016

Papers by Meldina Kokorovic Jukan

Institute for Local Self-Government Maribor eBooks, 2023

Economic Research-Ekonomska Istraživanja, 2020

Paper discusses financial inclusion of youth focussing on effects of remittances on financial inc... more Paper discusses financial inclusion of youth focussing on effects of remittances on financial inclusion of youth (usage of debit card, credit card, savings and borrowing instruments) in South East Europe. It is argued that remittances, as stable sources of income (capital), contribute to savings and lead to an improvement in financial inclusion of individuals who receive remittances. We test our hypothesis that remittances contribute to increase in savings and in the level of financial inclusion of youth in South East European countries. We estimate probit regression models with a set of dummy dependent variables for financial inclusion: having a debit card, having a credit card, borrowing and savings, and regress them on receipt of remittances controlling for age, gender, education and income level. Results show negative impact of remittances on youth financial inclusion in selected countries with respect to having debit card, credit card and borrowing. On the other hand, results show positive effect of remittances on savings among youth that receive remittances.

Financial inclusion is perceived as an enabler of poverty reduction around the world and today is... more Financial inclusion is perceived as an enabler of poverty reduction around the world and today is in agenda of all policy makers in both developed and developing countries. In order to emphasize the importance of financial inclusion and provide an insight to the level of financial inclusion around the world, this paper investigates the extent of financial inclusion in different developing regions around the world. The paper investigates developing regions (Eastern, South and Central Asia, Latin America, Sub-Saharan Africa, and the Western Balkans) because population of these regions is at the highest risk of financial exclusion. Using secondary data from existing the Global Findex data base, this paper shows low levels of financial inclusion in developing regions.

Economic Research-Ekonomska Istraživanja, 2020

Employment has been identified at the top of the list of young people's concerns across Europe. G... more Employment has been identified at the top of the list of young people's concerns across Europe. Given the fact that in Bosnia and Herzegovina youth is one of the most vulnerable group, mainly due to the high unemployment rate, the main goal of this paper to determine the key individual and household characteristics of young people that influence their employment probability in order to support further development of decision-making policies in the labour market of Bosnia and Herzegovina. By using the USAID MEASURE-BiH National Youth Survey data set we analyse the effects of various individual and household characteristics on the probability of youth employment in Bosnia and Herzegovina. The analysis has revealed that education, age, gender and certain household characteristics have an impact on the probability of youth employment. The paper is expected to produce useful pieces of information that might be helpful for government decision-makers in Bosnia and Herzegovina in the process of creating employment policies to support young people.

Journal of Economics, Management and Trade, 2018

This paper aims to investigate the adequacy of risk premium approach for developing power exchang... more This paper aims to investigate the adequacy of risk premium approach for developing power exchanges in Central and Eastern Europe, namely Power Exchange Central Europe and Polish Power Exchange. For the purposes of the research, we use data for base load and peak load month futures to calculate and analyze absolute and relative risk premia. Also the term-structure and timeevolution of the risk premium is assessed. Using a data set covering period of three years from introduction of futures contracts in to the trading schedule of chosen power exchanges, it was found that patterns of electricity risk premia at developing markets differs than one observed for developed ones.

Regional Economic Development, 2017

Economic Development and Entrepreneurship in Transition Economies, 2016

Financing start-up firms and small-and-medium enterprises (SMEs) is a challenging task. The main ... more Financing start-up firms and small-and-medium enterprises (SMEs) is a challenging task. The main reason for the inability of entrepreneurial firms to finance their business lays in the fact that conventional financing sources (such as commercial bank credits, bond issuing) are not always available for entrepreneurs because there is no available credit history, which are necessary for financial institutions to finance their clients’ business operations.

ZBORNIK RADOVA EKONOMSKOG FAKULTETA BRČKO, 2019

Ovaj rad istražuje problem malih i srednjih preduzeća (MSP) vezane za pristup izvorima finansiran... more Ovaj rad istražuje problem malih i srednjih preduzeća (MSP) vezane za pristup izvorima finansiranja uFederaciji Bosne i Hercegovine (FBiH). Fokus istraživanja je na analiziranju potreba MSP za eksternimfinansiranjem, karakteristikama nedavno dobijenih eksternih izvora finansiranja te preprekama zadobijanje finansijskih izvora, kao i da se pomogne u razumijevanju budućih potreba MSP i finansijskeklime. Kako bi se procijenila adekvatnost pristupa finansiranju MSP u FBiH, istraživanje je provedenokorištenjem SAFE metodologije Evropske centralne banke, i to na uzorku MSP u FBiH. Podaci suprikupljeni u 2016. godini, a uzorak je činilo 80 MSP. Adaptirani upitnik za ovo istraživanje kreiran jena način da analizira percepcije MSP u FBiH u pogledu dostupnosti i adekvatnosti finansijskihproizvoda/usluga, koje nude banke i druge finansijske institucije. Očekuje se da će istraživanje pružitiinformacije o identifikaciji problema iz perspektive MSP prilikom traženja eksternih finansijskih izvorai...

Abstract- Electricity market liberalization in Europe has led to increase of risk types facing el... more Abstract- Electricity market liberalization in Europe has led to increase of risk types facing electricity utilities with emphasis on risk related to quality of power supply. Regardless of poor development of electricity markets in South-Eastern Europe (SEE), electricity utilities from this region will face the same type of risks, once these markets become fully operational. This means that electricity utilities need to be prepared to manage risks associated with liberalization. Since risk identification and assessment is the first and most important phase in risk management process, the goal of this paper is to identify and assess key risks associated with business operations of electricity utilities in liberalized electricity markets. The main contribution of this paper is to produce clear list of risks related to electricity market liberalization. This list of risks is used to provide recommendations for electricity utilities in SEE how to formulate risk management strategies in ...

International Journal of Sustainable Economies Management, 2012

Tranzicija, Feb 2, 2015

Research in World Economy, 2014

International Journal of Management Cases, 2011

Institute for Local Self-Government Maribor eBooks, 2023

Economic Research-Ekonomska Istraživanja, 2020

Journal of Economics, Management and Trade, 2018

Regional Economic Development, 2017

Economic Development and Entrepreneurship in Transition Economies, 2016

ZBORNIK RADOVA EKONOMSKOG FAKULTETA BRČKO, 2019

In a new competitive market environment, power utilities are facing many risks which did not exis... more In a new competitive market environment, power utilities are facing many risks which did not exist in pre-liberalization era. Liberalized electricity market creates new types of risks that need special attention and new methods of risk management. This book is an attempt to summarize and explain the nature of these risks and to provide an insight to risk management in a liberalized electricity market. The book is a result of the research conducted by both authors in their master and doctoral thesis during the past five years. This book is written for economics, engineers, professionals and academic public who are interested in understanding today's electricity market issues.

The main objective of this paper is to determine the scope of the use of derivatives by companies... more The main objective of this paper is to determine the scope of the use of derivatives by companies in B&H for specific purposes of financial risk management. The aim is to provide a comparative analysis with companies from Slovenia and Croatia in order to determine if companies in B&H use the hedging instruments appropriately, and to suggest possible improvements of their practices for managing financial risks. The basic goals of the paper are to explore if companies in B&H use derivatives for risk management purposes to the same extent as Slovenian and Croatian companies and to determine if B&H companies properly hedge their financial risks. The paper also aims to give suggestions to B&H companies for improvements of their risk management practices in order to ensure more efficient and effective financial risk hedging by using derivatives, primarily available through banks on B&H financial markets.

Small and midsized enterprises (SMEs) represent the primary moving mechanism of new jobs creation... more Small and midsized enterprises (SMEs) represent the primary moving mechanism of new jobs creation and increase of gross domestic product. They are the foundation of European economy and their contribution for achieving the EU strategies for sustainable growth. Fostering development and growth of SMEs is a priority among the goals of national economies for developed countries of the world as well as for countries in transition. Financial system plays important role for achieving these goals with a main purpose of preserving the stability of national economy. For the last few years, the main focus of the financial system towards real sectors is expanding. From the market observed as to complex for risk management, SMEs sector became strategic goal for financial institutions worldwide. At the same time, SMEs are facing many challenges and limitation in their business operations. Reduced accesses to market, reduced managers' ability to managing resources as well as limited access to capital are marked as the most important challenges for SMEs to overcome. Growth of SME banking, in terms of crediting and providing wide range of banking services, is result of the fact that bank, besides that are understanding the needs of SMEs, are managing to find answers for challenges of high credit risk. Due to the information technologies development banking sector is increasing its support for development and growth of SMEs through the increase of financial support as well as through the consulting services as a response to the challenges faced by this sector.

International Journal of Financial Research

The purpose of this research is to provide some insights into financial literacy among undergradu... more The purpose of this research is to provide some insights into financial literacy among undergraduate students focusing primarily on the relationship between financial knowledge, financial attitudes and financial behavior and on possible gender and financial education gap in financial literacy. Using the purposive sampling technique, data collection was carried out from April to June 2020, yielding a sample of 1,046 valid responses. To gain a better understanding of the relationship between financial behaviour, financial attitudes and financial knowledge, we, primarily, use exploratory factor analysis and multiple regression model. The research findings have revealed several important issues. First, findings have suggested that financial knowledge, financial attitudes and gender may be considered as an antecedent of the financial behaviour of undergraduate students. Second, findings have also suggested a statistically - significant difference between the financial literacy of undergr...

International Business Research

In recent years there is an increasing research attention on youth and their transition to adulth... more In recent years there is an increasing research attention on youth and their transition to adulthood. In that transition they have increasing demand for financial products and services. If they are not financial included it may leave long-lasting consequences for their future independence and stability.The main goal of this research is to investigate and explain barriers to poor financial inclusion of youth in Federation of Bosnia and Herzegovina (FBiH), and make some recommendations for increasing their financial inclusion, and indirectly for strengthening their social inclusion. Implications of this study suggest that the main reason for being unbanked is because someone else in the family already has an account, or because they do not have enough money to use services of financial institutions. The results have revealed statistically significant relation between need for financial services at a formal institution and having a bank account, category of students’ financial knowledg...

Economic Research – Ekonomska istraživanja, 2020

Employment has been identified at the top of the list of young people's concerns across Europe. G... more Employment has been identified at the top of the list of young people's concerns across Europe. Given the fact that in Bosnia and Herzegovina youth is one of the most vulnerable group, mainly due to the high unemployment rate, the main goal of this paper to determine the key individual and household characteristics of young people that influence their employment probability in order to support further development of decision-making policies in the labour market of Bosnia and Herzegovina. By using the USAID MEASURE-BiH National Youth Survey data set we analyse the effects of various individual and household characteristics on the probability of youth employment in Bosnia and Herzegovina. The analysis has revealed that education, age, gender and certain household characteristics have an impact on the probability of youth employment. The paper is expected to produce useful pieces of information that might be helpful for government decision makers in Bosnia and Herzegovina in the process of creating employment policies to support young people. ARTICLE HISTORY