Editor-in-Chief

Stelios Bekiros, University of Malta, Malta

Editor in Chief Assistant

Dragana Radičić, University of Lincoln, Department of Accountancy, Finance and Economics, United Kingdom
Phoebe Koundouri, Athens University of Economics and Business, Greece

Editorial Advisory Board

Gil S. Epstein, Bar-Ilan University, Israel
Cevat Tosun, School of Business The George Washington, USA
Iqtidar Shah, Yorkville University, British Columbia Campus, Canada
Marcello Signorelli, Dipartimento di Economica, Universita degli Studi di Perugia, Italy
Mohammad Saud Khan, Victoria University of Wellington, New Zealand
Zsuzsa Reka Huszar, National University of Singapore, Singapore
Nikola Fabris, University of Belgrade, Faculty of Economics, Serbia
Fábio Albergaria de Queiroz, Catholic University of Brasilia, Brasil
Tristan Nguyen, Hochschule Fresenius University of Applied Sciences, Germany
Alberto Posso, RMIT University, Australia
Shu Lung Kuo, Technology Management Open University of Kaohsiung, Taiwan

INTERNATIONAL EDITORIAL BOARD MEMBERS

United States (USA)

Tom Gillpatrick, Portland State University, USA
Roofia Galeshi, Radford University, USA
Jason Caudill, King University, USA
Hugh J. Ault, Boston College, USA
Richard J. Fast, George Mason University, USA
Jason Patalinghug, Southern Connecticut State University, USA

Israel

Andrey Kudryavtsev, The Max Stern Yezreel Valley Academic College, Emek Yezreel, Israel

United Kingdom (UK)

Denis Hyams-Ssekasi, Research Coordinator and Lecturer in the Institute of Management at the University of Bolton, UK
Lorenzo Trapani, University of Nottingham, UK
Tarek Abdel Fattah, University of Portsmouth, UK

Puerto Rico

Cynthia Sénquiz - Diaz, Universidad Ana G. Méndez, Division of Business, Tourism & Entrepreneurship, Gurabo, Puerto Rico

Japan

Taro Abe, Nagoya Gakuin University (Culture & Human Resources), Japan

Germany

Willy Legrand, IU International University of Applied Sciences, Germany
Tetiana Paientko, HTW Berlin University of Applied Sciences, Germany

Austria

Ahu Genis - Gruber, University of Applied Sciences Upper Austria, Austria

South Korea

Bipithalal Balakrishnan Nair, Woosong University, South Korea

China

Tafazal Kumail, Guangxi University of Finance and Economics, Nanning, China
Zhou dr Bin, Ningbo University, China
Hamid Khurshid, Lingnan University Hong Kong, Department of Management, China

New Zealand

Tauisi Taupo, Victoria Univeristy of Wellington, New Zeland

Taiwan

Massoud Moslehpour, Asia University, Taiwan

Spain

Elena De la Poza, University of Valencia Politécnica, Spain
María-Dolores Guillamón, University of Murcia, Spain
Francisco Jose Garica Gonzalez,Universidad Complutense de Madrird, Spain

Portugal

Joao Paulo Vieito, Polytechnic Insititute of Viana do Castelo, Portugal

Italy

Ubaldo Comite, University Giustino Fortunato, Italy
Marco Valeri, Faculty of Economics, Niccolo' Cusano University in Rome, Italy
Leslie Fadlon, University of Niccolò Cusano, Italy
Alberto Celani, Politecnico Milano, Italy
Gianluca Mattarocci, Facolta di Economia, Universijata di Roma Tor Vergata

Ukraine

Semenenko Tetiana, Sumy State University, Ukraine
Olha Komelina, Poltava National Technical Yuri Kondratyuk University, Poltava, Ukraine
Liudmyla Yurchyshena, Vasyl Stus Donetsk National University, Ukraine
Iryna Lytvynchuk, Zhytomyr National Agroecological University, Ukraine
Ellana Molchanova, Faculty of international Trade and Law, Department of international management, Ukraine
Kateryna Kovtoniuk, Kyiv National Economic University, Ukraine

Poland

Andrzej Niemiec, Poznan University of Economics , Department of Controlling, Financial Analysis and Valuation, Poland
Piotr Wisniewski, Corporate Finance Unit Institute of Finance, Warsaw School Economics, Poland

Hungary

Andrea Szalavetz, Centre for Economic and Regional Studies Institute of World Economics, Hungary

Scotland

Kieran James, University of the West of Scotland, Scotland

Greece

Konstantinos N. Malagas, University of the Aegean, Greece
Constantinos Challoumis, National and Kapodistrian University of Athens, Greece
Andreas Papatheodorou, University of the Aegean, Greece

Sweden

Christer Thörnqvist, Högskolan i Skövde, Sweeden

Czech Republic

Lucie Andreisova, University of Economics in Praque, Czech Republic
Martina Blašková, Police Academy, Chezch Republic

Turkey

Hüseyin IŞIKSAL, Near East University, Faculty of Open and Distance Education, Turkey
Metin Toprak, İstanbul Üniversitesi Akademik Veri Yönetim Sistemi, Turkey
Zeki Atil Bulut, Dokuz Eylul Univeristy, Turkey
Feden KoÇ, Usak University, Turkey
Zafer Öter, Izmir Katip Celebi University, Turkey
Emrah Gulay, Dokuz Eylul University, Izmir - Turkey

Slovakia

Ivan Brezina, Faculty of Business Informatics, Slovakia

Brasil

Arcione Ferreire Viagi, Taubate University, Brasil

Bulgaria

Julia Stoyancheva Stefanova, Economic Research Institute at the Bulgarian Academy of Sciences, Bulgaria
Marin Petrov Georgiev, Kaneff University Hospital, Rousse, Bulgaria

India

Ray Titus, Alliance University, India
Sandeep Kumar, Tecnia Institute of advanced Studies, University Delhi, India
Raul Villamarin Rodriguez, Woxsen University, India

Serbia

Petar Vrgović, University of Novi Sad, Faculty of Technical Sciences, Serbia
Drago Cvijanović, Faculty of Tourism and Hotel Management in Vrnjačka Banja, Serbia

Romania

Alexadru Nedelea, Stefan Cel Mare University of Suceava, Romania
Rocsana B. Manea Tonis, University Politehnica of Bucharest, Romania

Croatia

Zoran Wittine, University of Zagreb, Faculty of Economics, Croatia
Anita Čeh Časni, University of Zagreb, Faculty of Economics, Croatia
Kosjenka Dumančić, University of Zagreb, Faculty of Economics & Business, Croatia

Montenegro

Boban Melović, University of Montenegro, Faculty of Economics , Montenegro
Milivoje Radović, University of Montenegro, Faculty of Economics, Montenegro
Ivo Županović, Mediterranean University, Faculty of Business and Tourism Budva Montenegro
Anđelko Lojpur, University of Montenegro, Faculty of Economics, Montenegro

Macedonia

Predrag Trpeski, Ss. Cyril and Methodius University, Faculty of Economics, Macedonia

Moldova

Corina Gribincea, The National Institute for Economic Research of the Academy of Sciences of Moldova, Moldova
Marica Dumitrasco, Academy of Sciences of Moldova, Economy, Moldova

Algeria

Isak Kherchi, Hassiba Benbouali University of Chief, Algeria
Mehdi Bouchetara, Higher National school of Management, Algeria

South Africa

Sanja Bauk, Maritime Studies Department, Faculty of Applied Sciences, Durban University of Technology, South Africa

Saudi Arabia

Abu Umar Faruq Ahmad, King Abdulaziz, Saudi Arabia
Melfi Alrasheedi, King Faisal University, Saudi Arabia

Slovenia

Marjana Merkac Skok, Faculty of Commercial and Business Sciences, Slovenia
Marija Bogataj, University of Ljubljana, Faculty of Pharmacy, Slovenia

Iran

Gholamreza Jandaghi, University of Tehran, Faculty of Management and Accountancy, Iran

Sri Lanka

Ahamed Lebbe Mohamed Aslam, Ministry of Home Affairs, Sri Lanka
Nisantha Kurukulasooriya A., University of Ruhuna, Sri Lanka

Indonesia

Yandra Rivaldo, Institut Agama Islam Abdullah Said Batam

Egypt

Ahmed Mohamed Elbaz, University of Sadat City, Egypt
Azza Mohamed Kamal, University for Modern Science and Arts (MSA), Egypt

Uganda

Michael Okoche, Uganda Management Institute, Uganda

Morocco

Fouzi Belmir, University of Fes, Morocco

Ethiopia

Dereje Teklemariam, Global Land Programme (GLP) and Ethiopian Civil Service University, Ethiopia

Bahrain

The United Arab Emirates

Hasnan Baber, School of management Abu Dhabi
Ana Stranjančević, Modul Dubai University, The United Arab Emirates
Ulas Rao, Heriot - Watt University Dubai, United Arab Emirates
Jelena Janjušević, Heriot Watt University, United Arab Emirates
Ahmad Al -Hiyari, University of Khorfakkan, Sharjah, United Arab Emirates

Pakistan

Ali Ahmad Bodla, Faculty of Business and Management, Information Techology University, Pakistan

Republic of Uzbekistan

Dang Rui, Westminster International University in Tashkent, Republic of Uzbekistan

Republic of Cameroon

Alain Aime Ndedi, Saint Monica University, Republic of Cameroon

Jordan

Bashar Almansour, The World Islamic Science & Education University Faculty of Finance and Business, Jordan
Mohammed Amin Almaiah, Faculty of Information Technology, Aqaba University of Technology, Jordan

Fiji

Ranasinghe Amaradasa, University of Fiji, Fiji

Tailand

Napat Harnpornchai, Chiang Mai University, Tailand

Bosnia and Herzegovina

Branka Topić - Pavković, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Zoran Mastilo, Faculty of Business Economics Bijeljina, University of East Sarajevo, Bosnia and Herzegovina
Ognjen Erić, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Željko Račić, University of Banja Luka, Faculty of Economics Banja Luka, Bosnia and Herzegovina

Technical Editor
Kokan Janković, Graduate Electrical Engineer, Serbia

Translation to English
Andrea Mastilo, University of Westminster, London

Editorial Contact
Prof. Dr. Zoran Mastilo
Full Professor, Faculty of Business Economics, University of East Sarajevo
Director, OIKOS Institute – Research Centre, Bijeljina
E-mail: zoran.mastilo@fpe.ues.rs.ba
Phone / WhatsApp: +387 65 330 002

Address of the Editorial Board:
Neznanih junaka 9-11
76300 Bijeljina Republic of Srpska
Bosnia and Herzegovina
e-mail: novi.economics.institut@gmail.com
Bank account: 5550000004916269, Nova banka, Filijala Bijeljina ID: 44035724600004

Publisher
Oikos Institute - Research Centre
Neznanih junaka 9-11
76 300 Bijeljina
+387 55 423 183

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ECONOMICS

Innovative and Economics Research Journal

About the journal

Editor-in-chief

All volumes and issues in this journal

Volume 14 (2026)

Volume 13 (2025)

Volume 12 (2024)

Volume 11 (2023)

Volume 10 (2022)

Volume 9 (2021)

Volume 8 (2020)

Volume 7 (2019)

Volume 6 (2018)

Volume 5 (2017)

Volume 4 (2016)

Volume 3 (2015)

Journal details