2018/2019 Ca Foscari University of Venice, Department of Economics, Post-doctoral courses
2012 University of Belgrade, Faculty of Economics, PhD
2008 University of Belgrade, Faculty of Economics, MSc.
RESEARCH, TEACHING, or OTHER INTERESTS
Business and International Management, Economics and Econometrics
5
Scopus Publications
78
Scholar Citations
6
Scholar h-index
Scopus Publications
Ethical Consumption Trends and Their Impact on Environmental Protection: The Market Analysis in Serbia Vojislav R. Babic, Siniša Đ. Zarić Emotional and Experiential Dimensions of Modern Marketing, 2025 This chapter analyses the trend of ethical consumption and its impact on the reduction of carbon dioxide emissions in Serbia. Ethical consumption is an expression of care, responsibility and a sense of duty (Shaw et al., 2016). Consumers have started to pay more and more attention to ethical and environmental impacts when planning their purchases, which has led to an upward trend in ethical consumption. In the study, a questionnaire-based survey was conducted in Serbia. From a methodological point of view, descriptive statistics and PCA followed by SEM were used. The Serbian market for ethical products is underdeveloped. However, the trend of ethical consumption is slightly increasing. SEM was used to confirm the significant influence of two complex factors (MARKETING & RECYCLING and FAIR TRADE) on the decrease of carbon dioxide per capita. The results imply potential benefits for companies, but will also motivate consumers to buy ethical products and services.
Is the rule of law essential for economic growth? Evidence from european countries Siniša Zarić, Vojislav Babić Transition Studies Review, 2021 This paper aims to measure the influence of human capital, rule of law and protection of property rights on GDP. The research has been inspired by the works of Acemoglu. In this study it has been used a self-structured sample containing eight countries: Germany, Czech Republic, Hungary, Serbia, Italy, the UK, Spain and Sweden. The selection of countries in the sample was intentional. While choosing it, business culture, path dependence and geopolitical situation of the countries have been taken into account. The analysis showed a high correlation of all three observed indices with GDP/cap. In order to determine the relative share of overall indices in economic growth, a graphic representation was used. The regression analysis showed that the change in the IPRI value by one percentage point leads to a more significant positive impact on GDP growth in the group of less developed countries than in the leading developed economies. Although GDP jumps percent are higher in countries with lower IPRI, if observed in real terms they are roughly equal to those recorded in developed countries. This can be explained by the fact that countries with high IPRI have accumulated a higher mass of GDP over time.
The impact of knowledge management on wage growth in the construction sector: The case of medium-sized and large companies in the republic of serbia Vojislav Babić, Siniša Zarić Economic Horizons, 2020 The study measures and analyzes the influence of knowledge management on average wages in Serbian construction companies. For the purpose of this research, of Knowledge Management (KM) dataset with 11 variables was created. The main goal of the research was to examine the influence of the dataset on the average wages in medium-sized and large construction companies. At the basic sample level, through factor analysis, a total of four factor scores were isolated, representing the strategies that the companies combine in KM. Using a regression analysis, it was found that the set of the four independent variables explained 84.5% of the average wage variability in the medium-sized and large construction companies. Two of the four strategies were statistically significant. According to the first strategy, the management insisted on a larger share of experts with the master’s and bachelor degrees, while the second strategy was based on the introduction of the formal, legal protection and registration of innovative solutions, as well as a larger number of employees with a PhD degree.
Young entrepreneurs' trust during the recession: Evidence from Serbia Vojislav Babic, Sinisa Zaric Economic Annals, 2015 This paper deals with the influence of positive trust on business activities, entrepreneurship development, and economic growth. During the global recession, institutions make numerous decisions to find answers to the crisis that influence the behaviour of entrepreneurs. In such situations, significant stocks of trust are of great importance for economy stability and the motivation of future entrepreneurs. In the first section the terms, functions, and types of trust are defined. The second section presents the results of measuring the interpersonal and institutional trust of young entrepreneurs, representatives of future entrepreneurship and business and bearers of networking ideas in Serbia. The results show that young entrepreneurs have a serious trust deficit, which is worrying in people who are potential future business leaders. Only one fifth of the respondents intends to start their own firm when they have finished studying. The reasons most often given are that government economic policy and monopolies hamper starting a business. Most of the respondents thought that the government should be more involved in providing a better environment for medium and small business. Most respondents believed that the Serbian recession was caused foremost by wrong governmental economic policy, followed by corruption.
RECENT SCHOLAR PUBLICATIONS
Ethical Consumption Trends and Their Impact on Environmental Protection: The Market Analysis in Serbia VR Babic, SĐ Zarić Emotional and Experiential Dimensions of Modern Marketing, 269-310 , 2026 2026
LEARNING MEANINGFULLY IN A DIGITAL WORLD: HOW DIGITAL AND MEDIA RESOURCES TRANSFORM LEARNING IN NON-FORMAL FOREIGN LANGUAGE EDUCATION VG Stoyanova SCIENCE International Journal 4 (3), 13-18 , 2025 2025
RESOURCE MANAGEMENT ACTIVITIES IN THE CONTEXT OF CIRCULAR ECONOMY AND SMES IN SERBIA A Gračanac, S Stoimenov, V Babić Obrazovanje za poduzetništvo-E4E: znanstveno stručni časopis o obrazovanju … , 2025 2025 Citations: 1
STRUCTURAL EQUATION MODELING AS A TOOL FOR ECONOMIC RESEARCH V Babic Science International Journal 4 (1), 87-91 , 2025 2025
Education and factors affecting the business of voluntary pension funds in Serbia V Babić, S Zarić Obrazovanje za poduzetništvo-E4E: znanstveno stručni časopis o obrazovanju … , 2024 2024
WHAT IS THE PURPOSE OF ECO-CORPORATE SOCIAL RESPONSIBILITY IN ITALIAN COMPANIES? V Babic International Entrepreneurship and Management Journal 20 (DOI: 10.1007 … , 2024 2024 Citations: 9
IS DRUG MARKET LIBERALIZATION A KEY FACTOR IN REDUCING CRIME? BV al. Knowledge international journal 57 (1), 17-22 , 2023 2023
IS DRUG MARKET LIBERALIZATION A KEY FACTOR IN REDUCING CRIME? ECONOMIC APPROACH V Babic, S Zarić, R Piccolo Knowledge International Journal 57 (1), 17-22 , 2023 2023
THE ESSENCE OF FACTOR ANALYSIS AND ITS APPLICATION IN ECONOMIC SCIENCES VR Babic, SĐ Zarić International thematic proceedings FUNDAMENTAL RESEARCHES, 229-244 , 2023 2023 Citations: 1
Strategies for knowledge management and their impact on the business of Italian companies V Babić, S Zarić, R Piccolo Obrazovanje za poduzetništvo-E4E: znanstveno stručni časopis o obrazovanju … , 2022 2022
STRATEGIES FOR KNOWLEDGE MANAGEMENT AND THEIR IMPACT ON THE BUSINESS OF ITALIAN COMPANIES V Babić, S Zarić, R Piccolo Obrazovanje za poduzetništvo-E4E: znanstveno stručni časopis o obrazovanju … , 2022 2022
Tax evasion and education level: Evidence from the European Union countries V Babic, S Zarić Knowledge-International Journal 51 (1), 17-21 , 2022 2022 Citations: 7
The impact of intrapreneurship strategy on business performances of Italian companies V Babić, S Zarić, R Piccolo Obrazovanje za poduzetništvo-E4E: znanstveno stručni časopis o obrazovanju … , 2021 2021 Citations: 2
DOES EDUCATION REDUCE CRIME? ECONOMIC ANALYSIS ON A SAMPLE OF EUROPEAN COUNTRIES V Babic, S Zarić KNOWLEDGE-International Journal 49 (1), 17-21 , 2021 2021
Corporate social responsibility and environmental issues: the report from Italian companies V Babić, S Zarić, R Piccolo Ekonomske ideje i praksa, 1-14 , 2021 2021
Is the rule of law essential for economic growth? Evidence from European countries S Zaric, V Babic Journal Transition Studies Review 28 (2), 3-18 , 2021 2021 Citations: 7
Zalihe menadžmenta znanja u malim i srednjim srpskim tvrtkama V Babić, S Zarić Obrazovanje za poduzetništvo-E4E: znanstveno stručni časopis o obrazovanju … , 2021 2021
Knowledge management stocks in Serbian small and mid-sized enterprises V Babić, S Zarić Obrazovanje za poduzetništvo-E4E: znanstveno stručni časopis o obrazovanju … , 2021 2021
Important professional competence applied in pre-graduation practice T Hristova, T Todorova Knowledge–International Journal 45 (2), 419-423 , 2021 2021 Citations: 7
Creating Human Capital Responsive to Requests of Sustainable Development Goals: Some Evidence from Serbia S Zaric, V Babic Knowl. Int. J 441, 17-22 , 2020 2020 Citations: 4
MOST CITED SCHOLAR PUBLICATIONS
WHAT IS THE PURPOSE OF ECO-CORPORATE SOCIAL RESPONSIBILITY IN ITALIAN COMPANIES? V Babic International Entrepreneurship and Management Journal 20 (DOI: 10.1007 … , 2024 2024 Citations: 9
Uticaj ljudskog kapitala i vladavine prava na ekonomski rast: Srbija i evropske zemlje S Zarić, V Babić Ekonomske ideje i praksa, br 12, 123-165 , 2014 2014 Citations: 8
Management & Trust During the Global Economic Crisis: The Case of Serbia S Zaric, V Babic Holistic Marketing Management Journal 2 (2), 7-19 , 2012 2012 Citations: 8
Tax evasion and education level: Evidence from the European Union countries V Babic, S Zarić Knowledge-International Journal 51 (1), 17-21 , 2022 2022 Citations: 7
Is the rule of law essential for economic growth? Evidence from European countries S Zaric, V Babic Journal Transition Studies Review 28 (2), 3-18 , 2021 2021 Citations: 7
Important professional competence applied in pre-graduation practice T Hristova, T Todorova Knowledge–International Journal 45 (2), 419-423 , 2021 2021 Citations: 7
Achievements of intrapreneurship in the large Belgrade companies V Babic, S Zaric 2017 Citations: 5
Young Entrepreneurs′ Trust During The Recession: Evidence From Serbia V Babić, S Zarić Economic Annals 60 (207), 49-68 , 2015 2015 Citations: 5
Creating Human Capital Responsive to Requests of Sustainable Development Goals: Some Evidence from Serbia S Zaric, V Babic Knowl. Int. J 441, 17-22 , 2020 2020 Citations: 4
INTRAPRENEURSHIP AND SELF-MANAGEMENT TRADITION: SEGMENT SAMPLE APPROACH S Zarić, V Babić Obrazovanje za poduzetništvo-E4E: znanstveno stručni časopis o obrazovanju … , 2017 2017 Citations: 4
The impact of knowledge management on wage growth in the construction sector: The case of medium-sized and large companies in the republic of serbia V Babic, S Zaric Econ. Horiz 22, 55-66 , 2020 2020 Citations: 3
Influence of Human Capital and the Rule of Law on GDP: European Countries S Zaric, V Babic KNOWLEDGE International Journal 15 (2), 507-513 , 2016 2016 Citations: 3
The impact of intrapreneurship strategy on business performances of Italian companies V Babić, S Zarić, R Piccolo Obrazovanje za poduzetništvo-E4E: znanstveno stručni časopis o obrazovanju … , 2021 2021 Citations: 2
Social Capital Influence on Global Economic Crisis S Zaric, V Babic Markets as Networks , 2010 2010 Citations: 2
RESOURCE MANAGEMENT ACTIVITIES IN THE CONTEXT OF CIRCULAR ECONOMY AND SMES IN SERBIA A Gračanac, S Stoimenov, V Babić Obrazovanje za poduzetništvo-E4E: znanstveno stručni časopis o obrazovanju … , 2025 2025 Citations: 1
THE ESSENCE OF FACTOR ANALYSIS AND ITS APPLICATION IN ECONOMIC SCIENCES VR Babic, SĐ Zarić International thematic proceedings FUNDAMENTAL RESEARCHES, 229-244 , 2023 2023 Citations: 1
CSR SCREENING OF SERBIAN COMPANIES: INVESTING IN KNOWLEDGE INITIATIVES V Babic, S Zaric SCIENTIFIC PAPERS VOL. 35.1 1, 19-26 , 2019 2019 Citations: 1
The Influence of Cultural Specifities on Decision Making: Serbian and German Students S Zaric, V Babic International Journal 19 , 2017 2017 Citations: 1
Ethical Consumption Trends and Their Impact on Environmental Protection: The Market Analysis in Serbia VR Babic, SĐ Zarić Emotional and Experiential Dimensions of Modern Marketing, 269-310 , 2026 2026
LEARNING MEANINGFULLY IN A DIGITAL WORLD: HOW DIGITAL AND MEDIA RESOURCES TRANSFORM LEARNING IN NON-FORMAL FOREIGN LANGUAGE EDUCATION VG Stoyanova SCIENCE International Journal 4 (3), 13-18 , 2025 2025
GRANT DETAILS
2006 Post-graduated fellowship, Ministry of Science, Republic of Serbia
2003 WUS - Austria, Excellence program
