**Meet the editor**

Vito Bobek has a long history in academia, consulting and entrepreneurship. In 2008 he founded a consulting company, Palemid, where he managed 12 big projects, such as Cooperation Programme Interreg V-A Slovenia-Austria (2014–2020) and Capacity Building for the Serbian Chamber of Enforcement Agents. He has also participated in many international projects in

Italy, Germany, the UK, the US, Spain, Turkey, France, Romania, Croatia, Montenegro, Malaysia and China. He is also cofounder of the Academy of Regional Management in Slovenia. During the last 17 years, he has also been a member of the supervisory board at KBM Infond Management Company Ltd, which is a part of the Nova KBM, Plc banking group. Nova KBM is the second largest Slovenian bank. Currently, KBM Infond Ltd manages an umbrella fund with 22 subfunds with assets in excess of 300+ million euros. Since 2017 he has been vice-president at Save-Ideas.com. He works as a professor of international management at the University of Applied Sciences FH Joanneum (Graz, Austria) and the University of Maribor (Slovenia). In his academic career he has published 393 units and visited 22 universities worldwide as a visiting professor. He is a member of the editorial boards of five international journals and an open access publishing company. Among his previous functions, he was a columnist at the newspaper *Vecer*, a member of Team Europe Slovenia, a member of the Academic Expert Group in the Commission of the EU (DG Education) for Socrates/Erasmus project evaluation and an adviser to the Minister of Economic Relations and Development of Slovenia for the strategy of International Economic Relations.

Contents

**Preface VII**

Chapter 1 **Introductory Chapter 3** Vito Bobek

Er'el Granot

Štefan Šumah

**Bank Finance 81**

**Panel-VAR Models 83** Oguzhan Ozcelebi

**Global Market 7**

**Section 2 Some Theoretical Perspectives on Trade and**

**from Transition Economies 9** Sabina Silajdzic and Eldin Mehic

Chapter 2 **Trade Openness and Economic Growth: Empirical Evidence**

Chapter 3 **The Effect of Taxation, Specialization, and Entrepreneurial**

Chapter 4 **Location Choice of Inward FDIs in Korea: The Case of Japanese**

Chapter 6 **Analysis of the Role of Exchange Rate Volatility in Monetary**

**Policy Conduction in OECD Countries: Empirical Evidence from**

**Activities on International Trading 25**

**FDIs with Unexpected Shock in Home 41**

Seok-Joon Hwang and Xiaomin Li

Chapter 5 **Corruption, Causes and Consequences 63**

**Section 3 Some Financial Dimensions: Exchange Rate and**

**Section 1 Introduction 1**

## Contents

#### **Preface XI**




Preface

choice and market strategies?

International capital flows have become significantly important since the increasing trend in globalization of the early 1990s. The diversified global market has become one single mar‐ ket, the investment sector has strengthened itself and countries have started to allow invest‐ ment inflows for economic growth. Empirical studies have revealed that political instability, political regimes and the quality of existing institutions, in addition to the transition proce‐ dure of a nation itself, have a deterministic effect on the linkage of economic growth and corruption. Additionally, exchange rate volatility can determine the amount of exchange rate risk that firms can be opposed to; therefore, exchange rate volatility is a crucial issue that should be monitored by central banks to prevent contagion of negative microeconomic developments to macroeconomic activity and stability. The significant transformation of banking markets raises many questions regarding the motives of financial organisations to finance SMEs, for example what are the factors that have an impact on these organisations'

**Vito Bobek**

Graz, Austria

University of Maribor Maribor, Slovenia

University of Applied Sciences FH Joanneum

Raúl Navas, Ana Paula Matias Gama and Sónia R. Bentes

## Preface

Chapter 7 **Impacts of Exchange Rate Volatility on Macroeconomic and Financial Variables: Empirical Evidence from PVAR**

Chapter 8 **Struggles of Rural Micro, Small and Medium Enterprises for**

Alexander Glekin, Alexander Lykov and Kirill Vaninsky

**Understanding the Underlying Value of a Company? 155** Raúl Navas, Ana Paula Matias Gama and Sónia R. Bentes

Chapter 10 **Can Fundamental Analysis Provide Relevant Information for**

**Section 4 Some Technical Issues of Global Operations 133**

Chapter 9 **On Simulation of Various Effects in Consolidated**

**Bank Finance: Role of District Industries Centres in India 117**

**Modeling 101** Oguzhan Ozcelebi

**VI** Contents

Maumita Choudhury

**Order Book 135**

International capital flows have become significantly important since the increasing trend in globalization of the early 1990s. The diversified global market has become one single mar‐ ket, the investment sector has strengthened itself and countries have started to allow invest‐ ment inflows for economic growth. Empirical studies have revealed that political instability, political regimes and the quality of existing institutions, in addition to the transition proce‐ dure of a nation itself, have a deterministic effect on the linkage of economic growth and corruption. Additionally, exchange rate volatility can determine the amount of exchange rate risk that firms can be opposed to; therefore, exchange rate volatility is a crucial issue that should be monitored by central banks to prevent contagion of negative microeconomic developments to macroeconomic activity and stability. The significant transformation of banking markets raises many questions regarding the motives of financial organisations to finance SMEs, for example what are the factors that have an impact on these organisations' choice and market strategies?

> **Vito Bobek** University of Applied Sciences FH Joanneum Graz, Austria

> > University of Maribor Maribor, Slovenia

**Section 1**

**Introduction**

**Section 1**
