https://hdl.handle.net/10419/302922 Wed, 23 Sep 2026 00:20:12 GMT 2026-09-23T00:20:12Z https://hdl.handle.net/10419/334325 Title: Risk in financial decision-making: A conceptual framework for investors and corporate managers Authors: Hrytsiv, Kateryna; Kartašova, Jekaterina Abstract: This paper explores the multifaceted nature of risk in financial decision-making by integrating traditional finance models with insights from behavioural finance. It assesses the application of models such as the Capital Asset Pricing Model (CAPM), Weighted Average Cost of Capital (WACC), and Risk-Adjusted Discount Rates in real-world scenarios, examining how their effectiveness is influenced by psychological biases such as overconfidence, loss aversion, and herd behaviour. The study illustrates the impact of psychological and emotional factors on individual investor actions and corporate long-term capital investment decisions through a practical application example. The findings advocate for a comprehensive approach that combines computational tools with behaviorally informed human judgment, aiming to enhance risk analysis and improve financial returns for investors and managers. Wed, 01 Jan 2025 00:00:00 GMT https://hdl.handle.net/10419/334325 2025-01-01T00:00:00Z https://hdl.handle.net/10419/334330 Title: Global minimum tax and the determinants of corporate tax revenue: An econometric analysis for the Western Balkan countries Authors: Kilaj, Duresa; Bexheti, Abdymenaf; Alija, Sadri Abstract: The purpose of this paper is to analyze the global minimum tax of 15% for international corporations, the fiscal impact of this policy which is already in force internationally as of January 1, 2025, as well as the determinants of corporate tax revenues, with a particular focus on the Western Balkan countries. The paper relies on secondary data collected from World Bank, the IMF, and Eurostat reports. Data processing is carried out using the STATA software, while the analyzed period covers the last 20 years. The empirical results show that foreign direct investment, GDP per capita, and trade openness have a positive impact on corporate tax revenues, while unemployment has a negative impact. Regarding the global minimum tax, it is seen that this tax has an effect in some countries but does not have a huge impact in some other countries. Wed, 01 Jan 2025 00:00:00 GMT https://hdl.handle.net/10419/334330 2025-01-01T00:00:00Z https://hdl.handle.net/10419/334340 Title: The process of formation of the metaverse: A new stage in the cyclical development of society Authors: Podliesna, Vasylyna Abstract: The purpose of this study - to study the essence of the metaverse in the context of its role in the cyclical development of society as a new stage. This article substantiates that, in terms of dynamism and influence on societal development, the processes of metaverse formation represent a new stage of cyclical development of society. The development of metaverse has the potential to overcome the long crisis-depressive dynamics of the global economy and the deployment of an upward wave of the 6th Kondratiev cycle. It has been established that the technologies of the metaverse contribute to transhumanism, the development of the metaverse poses threats and challenges to the most important component of society's productive forces - people, as well as has eco-destructive consequences.It is shown that, the formation of the metaverse plays a significant role in the transformation of the geopolitical system, providing more and more advanced tools of 'soft power', as well as technologies for information and cognitive warfare and technologies for the development of 'military metaverses'. Thus, the technologies of the metaverse radically change the technical-technological, socio-economic, institutional, military, biological components of societal development, and thus the formation of the metaverse is a new stage in the cyclical development of human civilization. Wed, 01 Jan 2025 00:00:00 GMT https://hdl.handle.net/10419/334340 2025-01-01T00:00:00Z https://hdl.handle.net/10419/334335 Title: The role of strategic financial management in driving sustainable growth in a green economy Authors: Morina, Fisnik; Elezaj, Elvis Abstract: Strategic financial management is critical in promoting sustainable economic growth and developing a green economy by integrating best financial practices with sustainable development objectives. This study analyzes the impact of strategic financial management on sustainable economic development through three case studies: Greencells in Germany, a leading and highly successful company in solar energy; the ECOPROFIT program in Slovenia, a project that aims to effectively manage the process of reducing costs and waste in enterprises, and Ujë Rugove, a Kosovar company that has received green financing to advance its production process. Through content analysis, comparative analysis, and secondary data analysis, the study examines how the financial strategies of these companies and their green projects have contributed to sustainable growth. The empirical results highlight that strategic financing and effective management of financial resources positively impact improving competitiveness and promoting environmental innovation and sustainable development projects. This study provides recommendations for all businesses, governments, and other stakeholders on effectively integrating strategic financial management into green economy projects. Wed, 01 Jan 2025 00:00:00 GMT https://hdl.handle.net/10419/334335 2025-01-01T00:00:00Z