Journal of Security and Sustainability Issues

The increase in the investment complications in the current environment has increase the need of the good quality financial advices services. Based on this, the aim of the study is being to investigate the join effect of risk tolerance (RT) and risk perception (RP) on the individual risky asset allocation decision along with the other essential variable in the context of financial advice which is consist of financial literacy and trust. For this purpose, data was collected from the 210 financial advisors of the banking sectors by using a convenient sampling technique which yield a 70% response rate. For analysis, Structural Equation Modeling (SEM) technique was employed. The SEM analysis has shown that trust has positive and significant association with the RP and FL, and FL also has a positive and significant association with the risk tolerance and while insignificant with the RP. In addition, RP and RT also have a positive and significant association with the asset allocation in the banking sector of Indonesia. Based on the findings, current study added a body of literature in the empirical findings which could become a new of area of research in future. The research limitations and future directions are also discussed at the end of the study.

The development of clusters contributes to the growth of agriculture and processing industry of the republic. The use of the cluster approach corresponds to the nature of agricultural products, which needs processing and timely marketing and delivery to consumers. One of the goals of cluster formation in food production and business development in interrelated industries, along with increasing the competitiveness of national agribusiness products, should be to ensure the safety of final products for consumer health. Agriculture should ensure the safety of the raw materials supplied, food engineering – the safety of equipment on which food products will be manufactured, packaging production – the safety of packaging in contact with foodstuffs.

Since the quality of the business environment is decisive for the inflow of investments in the country, this paper is focused on a brief analysis of the Slovak business environment based on international indicators. Assessing the quality of the business environment is the assessment of the level of the individual components of the business environment. A high-quality business environment that creates the conditions for long-term economic growth is a basic precondition for business development and increasing the competitiveness of the country. Elements of the business environment in the country constitute a legislative framework for business and law enforcement, administrative and financial (tax and fee) burdens, interference with business freedom and business infrastructure (conditions, quality and availability of key factors of production and business services). It is clear from this that the business environment is a complex variable, including many areas. Therefore, this paper will point to some selected areas of business environment in Slovakia. A sustainable busines environment constantly innovates and simplifies individual indicators affecting businesses on the market. The paper provides results of the analysis of business environments of Slovakia over 2012–2018 (GCI) on the basis of data provided by organisations dealing with business environment surveys such as the World Bank and World Economic Forum.

Strategic (Comprehensive) Partnership, as a general concept and also as a specific foreign policy instrument for developing the European Union’s relations with key world countries (strategic partners), involves not only equivalent, mutually beneficial and institutionalized cooperation in many areas but also a joint solution to strategic (security and defense) issues and issues of regional and global governance where parties not only cooperate but also share responsibility. The objective of this article is to analyze the legal instruments (criteria) of the EU-China Strategic Partnership and to compare its character with the general legal concept of the EU Strategic Partnership. Based on this analysis we will answer the question whether the EU-China Strategic Partnership shows evidence of unclarity, imperfection and elusiveness of the EU’s Strategic Partnership.

In last two decades, several authors have already proven the existence of positive relationship between generalized trust and macroeconomic growth and this paper queues up providing the evidence based on more recent data. An analysis of sustainability of the macroeconomic growth is also very important for prediction of economic development. However, the main aim of the paper is to analyse how the impact of trust on macroeconomic growth changes upon time, trying to find the answer how fast can changes in trust and other determinants be visible in changes in economic growth of countries. For this purpose, we introduced the dynamic aspect into the “Barro-type” regression growth models used by our predecessors. We can conclude, that trust is the most dynamic growth determinant, with the impact visible after 5 years. The paper also confirmed that the higher the initial level of GDP per capita (in terms of constancy of other variables in the model), the greater the decline in the growth rate. The high level of trust also allows better implementation of effective organizational innovation and knowledge transfer within the organization, since trust is also active through the channel of building the common good.