Marijana Joksimović

REVIZOR – Časopis za upravljanje organizacijama, finansije i reviziju

Catalyst for Sustainable Development and Digital Transformation: Roundtable on the Green Economy

Marijana Joksimović

https://casopisrevizor.rs/index.php/revizor/article/view/226

The Round Table on Green Economy served as a catalyst for discussions on sustainable development and the digital transformation necessary to drive these changes. By bringing together experts and key stakeholders, the event facilitated meaningful exchanges on the integration of green technologies, digital innovation, and strategic approaches to achieving sustainability. The discussions highlighted the importance of collaboration across borders and sectors to accelerate the adoption of green economic practices and leverage digital tools in creating more sustainable futures. The Round Table on Green Economy served as a crucial platform for advancing discussions on the intersection of sustainable development and digital transformation. Bringing together over 30 experts, professors, and public sector representatives from various countries, the event focused on key topics such as smart cities, the circular economy, climatology, and cybersecurity. Special attention was given to the integration of cutting-edge technologies, including blockchain, IoT, and artificial intelligence, into sustainable systems. The interactive sessions facilitated valuable knowledge exchange and the development of practical strategies aimed at accelerating the transition to a green economy. The round table concluded with a shared recognition that digitalization and international collaboration are pivotal to achieving sustainability goals. The event also underscored the role of global dialogue in inspiring new generations to tackle future challenges and drive lasting change in the region.

Green Economy, Digital Transformation, Circular Economy, Smart Cities, Sustainable Urban Development, Climate Change Mitigation and Adaptation Strategies

M52

Ecologica

The Green Transformation of the Banking Sector: Challenges and Opportunities for Sustainable Finance

Marijana Joksimović

http://doi.fil.bg.ac.rs/pdf/journals/ecologica/2025-119/ecologica-2025-32-119-3.pdf

The green transformation of the banking sector is becoming a pivotal component in the transition toward a sustainable economy. As key intermediaries in the financial system, banks bear increasing responsibility and possess significant potential to direct capital toward projects that support environmental protection, carbon emission reduction, and climate change adaptation. This paper examines the role of the banking sector in the implementation of green finance, with a particular focus on the challenges posed by regulatory requirements, the lack of standardization in ESG criteria, and the limited awareness and capacity within the domestic financial system. Furthermore, the paper highlights the opportunities that the green transition offers in terms of financial product innovation, enhanced competitiveness of banks, and increased resilience to climate-related risks. By analyzing relevant strategies and best practice examples from Serbia and the European Union, the study provides insights into future development pathways and offers recommendations for a more effective integration of sustainability into banking business models.

sustainable finance; banking sector; green transformation

M52

Technogenesis, Green Economy and Sustainable Development

Technogenesis, Green Economy and Sustainable Development, Vol. 3 (2025)

Analysis of Implementation of Environmental Tax Models and Related Economic Instruments in European Countries

Marijana Joksimović; Larisa Jovanović

http://doi.fil.bg.ac.rs/volume.php?pt=eb_ser&issue=tgesd-2025-3&i=9

The implementation of environmental tax models and related economic instruments in European countries plays a pivotal role in achieving climate and sustainability objectives. This analysis explores the effectiveness of various fiscal policies such as carbon taxes, energy taxes, pollution levies, and market-based instruments like emissions trading systems (ETS) across Europe. It evaluates the success of these policies in reducing greenhouse gas emissions, promoting renewable energy adoption, and fostering sustainable economic growth. The research highlights key examples from countries such as Sweden, Denmark, and the UK, which have pioneered high carbon taxes and green energy incentives. Additionally, the study examines the challenges faced in implementing these models, including political resistance, social equity concerns, and carbon leakage risks. It also discusses the evolving trends in environmental taxation, such as tax shifting, carbon pricing integration, and circular economy incentives. Despite the successes, the research underscores the need for continuous adaptation and international collaboration to ensure the long-term effectiveness of environmental taxes and economic instruments. Ultimately, this analysis demonstrates that while environmental tax policies have proven to be effective, their success is contingent on thoughtful design, political will, and a holistic approach to addressing climate challenges.

environmental tax; carbon tax; economic instruments

M14

Scientific Journal Management in Sports

THE ECONOMIC DIMENSION OF SPORT IN THE CONTEMPORARY SYSTEM OF MANAGING SPORTS ORGANIZATIONS

Milica Nestorović; Dragana Trifunović; Marijana Joksimović; Jovan Veselinović

https://maninsport.rs/index.php/mus/article/view/54

This paper offers an overview of the economic dimension of sport as an integral component of the contemporary system for managing sports organizations, focusing on key features of the labor market, financial flows, and institutional processes in the sports sector. The study is based on a descriptive and theoretical analysis of selected aspects of the sports economy, with an interpretative explanation of the observed phenomena. The theoretical framework is based on modern models of sports economics that explain the specific nature of the sports product, the competitive structure of leagues, and the characteristics of the sports labor market. The empirical section of the study uses Eurostat data on employment in sport, including distribution by gender, age, and educational level, in order to identify key demographic and socioeconomic patterns within the workforce. The analysis also covers the economic impacts of sporting events, investments in infrastructure, and the role of public policy in financing sports activities, with the aim of assessing broader economic implications. The results indicate the existence of structural challenges affecting the sustainability of sports organizations, including pronounced financial disparities, job volatility, and limited institutional capacity. The identified issues highlight the need to redefine managerial strategies, particularly regarding revenue diversification, optimization of business models, and strengthening of institutional support mechanisms. In doing so, the paper contributes to a deeper understanding of economic and managerial processes in sport and offers empirically grounded guidelines for the development of more efficient and sustainable systems for managing sports organizations.

sports economics; sports management; labor market; financial flows; sports organizations

M24

APPLICATION OF ARTIFICIAL INTELLIGENCE IN ENVIRONMENTAL PROTECTION AND AGRICULTURE – Conference, Belgrade

APPLICATION OF ARTIFICIAL INTELLIGENCE IN ENVIRONMENTAL PROTECTION

Marijana Joksimović; Larisa Jovanović

https://enauka.gov.rs/handle/123456789/1027133

The application of Artificial Intelligence (AI) in environmental protection, particularly within the ecosystem, is a rapidly evolving area with immense potential to improve the health and sustainability of ecosystems worldwide. Ecosystems, which include forests, oceans, wetlands, and grasslands, are under growing pressure from climate change, pollution, habitat destruction, and unsustainable resource exploitation. AI technologies offer innovative solutions to monitor, manage, and protect these vital ecosystems more efficiently and effectively. AI’s ability to process and analyze vast amounts of environmental data, often in real-time, enables researchers, policymakers, and conservationists to understand and respond to ecosystem dynamics in unprecedented ways. Machine learning algorithms, data analytics, and neural networks are particularly useful in identifying patterns and predicting changes in ecosystems, providing valuable insights into environmental processes such as species migration, biodiversity shifts, and ecosystem service depletion. One of the primary ways AI is supporting ecosystem protection is through advanced environmental monitoring. AI-powered sensors and satellite imagery, integrated with machine learning models, are used to track deforestation, pollution levels, changes in land use, and disruptions in biodiversity. For example, AI is instrumental in detecting early signs of forest fires, illegal logging, or coral reef bleaching, allowing for quick and targeted interventions. This real-time data processing reduces human error and improves the speed of response, significantly enhancing conservation efforts. In the field of biodiversity conservation, AI plays a key role in monitoring endangered species and managing protected areas. AI algorithms can process camera trap images and audio recordings to identify species presence or behavior patterns without requiring constant human supervision. This reduces the labor intensity of fieldwork and increases the accuracy of data collection. Additionally, AI can be used to predict the effects of climate change on species distributions and ecosystem services, aiding in the design of more resilient and adaptive conservation strategies. AI is also transforming ecosystem management through its capacity to simulate complex environmental scenarios and predict the outcomes of different conservation strategies. By modeling various interventions, AI helps optimize ecosystem restoration projects, ensuring that the chosen actions are both ecologically effective and cost-efficient. Furthermore, AI-driven systems can enhance decision-making by supporting sustainable agriculture, land-use planning, and water management, all of which directly impact ecosystem health. However, despite the potential, the use of AI in ecosystem protection must address certain challenges. The reliance on high-quality, diverse data, the need for interdisciplinary collaboration, and the ethical implications of AI applications must be considered. Additionally, the environmental impact of the energy required to run AI models is a crucial factor that requires balancing with the positive outcomes of ecosystem protection. AI holds immense promise in safeguarding ecosystems through improved monitoring, more effective conservation strategies, and predictive capabilities. Its integration into ecosystem management could revolutionize the way we understand and protect the natural world, leading to more sustainable and resilient ecosystems for future generations. However, its development and application must be approached with caution to ensure that it fosters environmental sustainability and supports the ethical principles of conservation.

Artificial Intelligence, Ecosystem Protection, Environmental Monitoring, Machine Learning, Ecosystem Management, Climate Change, Sustainability, Data Analytics, Conservation Ecosystem Restoration, Predictive Modeling and Environmental Sustainability

M31

REVIZOR – Časopis za upravljanje organizacijama, finansije i reviziju

Auditing Risk in Conditions of Economic Instability: New Approaches to Risk Assessment and Management

Marijana Joksimović, Zorica Djurić; Ivan Djekić

https://casopisrevizor.rs/index.php/revizor/article/view/248

Economic instability, characterized by inflationary pressures, market volatility, supply chain disruptions, and increased bankruptcy risks, significantly affects the reliability of financial reporting and elevates auditors' exposure to various types of audit risk. The aim of this paper is to examine how contemporary auditors assess and manage audit risk under heightened economic uncertainty, as well as to identify new methodological approaches that enhance the quality of audit procedures. Special attention is given to the integration of advanced analytical techniques, data-driven risk assessment models, scenario analysis, and evaluations of organizational resilience to macroeconomic shocks. The paper also explores the role of internal controls, regulatory requirements, and professional skepticism in mitigating inherent, control, and detection risk. The research findings indicate that the application of digital tools, forensic procedures, and dynamic risk assessment models significantly contributes to more effective management of audit risk during periods of economic instability. The conclusion emphasizes the need for continuous development of auditing methodologies, improvement of professional competencies, and strengthening of the institutional framework in order to ensure a higher level of reliability in audit opinions under unstable economic conditions.

audit risk, economic instability, financial reporting reliability, professional skepticism, internal controls, digital auditing tools, forensic procedures, risk assessment models, scenario analysis and macroeconomic shocks

M52

6th International Conference on Contemporary Academic Research (Konya, Turkey)

Paradigms of implementation and management of IT projects

Denić, Nebojša; Joksimović, Marijana; Mihajlović, Saša; Mehmedi, Sanel; Milić, Stefan

https://enauka.gov.rs/handle/123456789/1025311

In this paper, based on a review of relevant scientific literature, the possibilities of project management will be explored, with a special emphasis on approaching the latest trends related to the application of software tools for the purpose of managing IT projects. Given the increasing investments in business, mastering knowledge in the field of effective project management is becoming necessary for the survival and improvement of a company's business. In this sense, in order to cope with business problems and difficulties, which inevitably create negative business results for them, companies in Serbia began to include a new modern science-project management-in the process of modernization and digitalization of business at the end of the 20th and beginning of the 21st century. In the introductory theoretical discussion, projects and the project management process will be defined, which represents a set of tools and skills that help to predict and control the results of efforts undertaken in the company. In this sense, the research shows that in order to successfully manage and direct projects, it is very important that they are completed on time, that they remain within budget, and that clients are satisfied with the results. In the last few years, the so-called "online" project management tools have been increasingly applied, which have become very popular with IT professionals, from leaders of small programming teams to information systems managers. Perhaps one of the reasons for this popularity is that today many large companies and business systems have a lot of IT professionals who work in the so-called "Telecomute" way. The results of the research show that the main task of project management is to ensure the successful completion of the project and the production of quality products within the planned time frame, using minimal resources, in this sense, some of the project management software packages have evolved for the needs of this research.

project, management projects, project quality, IT

M33

Китай в мировой и региональной политике. История и современность

Russia–China Development of Financial and Economic Relationships in the Context of the Ukrainian Crisis: A Serbian Perspective

Joksimović, Marijana

https://lk.iccaras.ru/assets/components/dsgfileupload/files/4167cdf.pdf

The financial and economic relationship between Russia and China has undergone significant evolution in response to the Ukrainian crisis, which began with the 2014 Crimea case and escalated with the full scale combat actions in 2022. The crisis has reshaped global geopolitical dynamics, isolating Russia from Western financial systems and prompting a strategic pivot toward China. This paper explores the development of Russia-China financial and economic relations in the context of the ongoing conflict, focusing on the deepening of trade ties, investment flows, energy cooperation, and financial integration. In response to Western sanctions, both countries have strengthened bilateral trade, with a particular emphasis on energy exports, and have increasingly turned to alternative financial mechanisms, such as the use of local currencies and the development of alternative payment systems. The research analyzes how these shifts have not only enhanced economic cooperation but also raised questions regarding the long term sustainability of such an alliance, given the potential for economic dependence. By examining the strategic implications of this evolving partnership, the study highlights both the opportunities for enhanced cooperation and the challenges of navigating a rapidly changing global order, marked by the increasing divergence between the West and a growing Russia-China bloc. The findings suggest that while the Russia-China relationship offers opportunities for mutual economic growth, it also presents risks related to the balance of power, dependency, and the future trajectory of global trade and finance.

Russia, China, Economic Growth, Trade, Financial Systems, Financial Integration

M14

The Fifth International Conference on Sustainable Environment and Technologies “Creating sustainable commUNiTy”, Belgrade

Circular Economy Through Employment in Circular Sectors

Stoimenov, Suzana; Gračanac, Aleksandar; Joksimović, Marijana

https://enauka.gov.rs/handle/123456789/1025310

The paper analyzes the transition towards a circular economy (hereinafter CE) from the perspective of the number of employees in the field of the circular economy, as an indicator of the competitiveness of the analyzed countries (EU member states, former members, and candidate countries). The aim of this paper is to present, based on data obtained from the Eurostat website, whether and to what extent there is a trend of growth in the number of employees in CE sectors for the analyzed period (2020–2023), as well as whether the number of employees in CE sectors is higher in developed countries compared to developing ones. The subject of the paper is to answer the question of the number of employees in the field of CE, with the aim of monitoring the competitiveness of the analyzed countries, given that the number of employees has been designated by the European Commission as a CE sub-indicator. Since CE is a priority of EU economic policy, monitoring the degree of its implementation in EU member states, former members, and candidate countries has been defined as the subject of research due to its relevance and importance. The contribution of this paper lies in the adequate analysis and overview of employment in CE-related fields, as well as in the examination of the higher level of CE in developed countries compared to developing ones, which is considered a prerequisite for employment, either through the creation of new jobs or the increase in the number of employees in the field of CE. The growth of employment in CE sectors contributes to the development of the circular economy by strengthening the economic base, accelerating innovation, fostering social transition, and creating sustainable patterns of production and consumption.

circular economy, competitiveness, circular jobs

M33

Savremeni trendovi u upravljanju finansijskim rizicima: monografija

Savremeni trendovi u upravljanju finansijskim rizicima: monografija

Joksimović, Marijana

https://enauka.gov.rs/handle/123456789/979113

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M47

Tech-Economic Dynamics and Regional Growth Strategies-IGI Global

Bridging Green Innovation and Finance: Circular Economy Transitions by Green Financial Instruments

Marijana Joksimović; Biljana Grujić Vučkovski

https://enauka.gov.rs/handle/123456789/1006353
https://intam.institut-tamis.rs/handle/123456789/391

This paper explores relationship between green innovation and circular economy practices, emphasizing how green finance—a financial approach that supports environmentally sustainable investments—serves as a critical enabler in this transformation. While green innovation provides the technological and process solutions for circular models, it is green finance that mobilizes the capital needed to scale these solutions across industries. Key areas of focus include: the role of green bonds, sustainability-linked loans, and ESG (Environmental, Social, and Governance) investment frameworks in supporting circular initiatives; case studies of enterprises and municipalities that have leveraged innovative financial instruments to fund circular economy projects such as sustainable packaging, renewable materials, waste-to-energy technologies, and product-as-a-service business models. The paper also identifies challenges such as inconsistent sustainability metrics, greenwashing risks, and the need for stronger collaboration between financial institutions, governments, and innovators.

green innovation; green finance; circular economy; sustainable development

M14

IX МНПК „Инновационный потенциал банковской деятельности в цифровой экономике“

Risk management on international markets: a multifaceted approach in the banking sector

Marijana Joksimović; Stevica Dedjanski

https://elibrary.ru/item.asp?id=80476851

Authors in the papers explore risk management on international markets based on multifaceted approach in the banking sector. Risk Management concepts banks manage various types of risks, including credit risk, interest rate risk, and liquidity risk. Theories in this area focus on how banks assess and mitigate these risks through diversification, credit assessment, and reserve requirements. Strategic approach to risk management in banking face various risks when operating in international markets, and they employ several strategies to manage these risks effectively. Predicting the future of the international banking market involves considering various trends and potential developments. The imposition of economic sanctions on Russia by Western countries has forced banks to reassess their exposure to Russian entities. Compliance with these sanctions has become a critical focus, leading to increased regulatory scrutiny and operational challenges.

risk management; international markets; banking sector; digital economy

M33

International Scientific Conference “SUSTAINABLE AGRICULTURE AND RURAL DEVELOPMENT IV”

THE INFLUENCE OF FOREIGN DIRECT INVESTMENTS ON THE IMPROVEMENT OF AGRIBUSINESS

Marijana Joksimović

https://enauka.gov.rs/handle/123456789/898241

Pozivno pismo i potvrda o učešću; Book of Proceedings

The current financial situation in the world as a result of Covid-19 and the war in Ukraine has a great impact on foreign direct investments (FDI) and thus on the improvement of agribusiness in the European Union and the Republic of Serbia. The dimensions of the national economy, such as the packages for attracting FDI, the competitiveness of the economy of the observed countries in relation to the countries in the region, have a great influence on their attraction. In the paper, the author investigates the impact of FDI on the improvement of agribusiness. In order to draw adequate conclusions, the data used in the paper are official data of the Food and Agriculture Organization of the United Nations (FAOUN) and the United Nations Conference on Trade and Development (UNCTAD). The time series used in the paper includes data relating to the period from 2017 to 2022. All data used from 2017 to 2022 in the paper are annual.

Foreign direct investment, Agribusiness, European Union, Republic of Serbia and Economy

M31

Bizinfo Blace

The importance of green bonds for the development of the green economy

Marijana Joksimović; Suzana Stoimenov

https://bizinfo.edu.rs/index.php/bizinfo/article/view/332

The authors of this paper discuss the importance of green bonds and their impact on the development of a green economy. A green economy is the goal one should strive for and undertake activities in order to fulfill it. Green bonds are inextricably linked to the concept of a green economy. The Republic of Serbia issued green bonds in 2021, although it is still not a member of the European Union, thus becoming an example for other European countries. In this paper authors discusses the importance of the green transition, bearing in mind that the excessive consumption of natural resources has worsened the climate and ecological crisis, and therefore a change in the way we consume natural resources is necessary, i.e., a green transition is necessary.

green bonds; green economy; sustainable finance

M51

REVIZOR – Časopis za upravljanje organizacijama, finansije i reviziju

Naučni rad

Banking Merger and Acquisition (M&A) Caused by Changes in Financial Markets

Marijana Joksimović

https://casopisrevizor.rs/index.php/revizor/article/view/187

Changes in the financial market caused by Covid-19 and the crisis in Ukraine in 2022 led to great turbulence in the world economy. Some areas are more and some less affected by the new situation. In addition to the impact of Covid-19 and the crisis in Ukraine on the entire financial sector, the impact on bank mergers and acquisitions (M&A) should not be overlooked, both in the Republic of Serbia and in the world. In the paper, the author gives an overview of bank mergers and acquisitions (M&A) in the Republic of Serbia and in the world. Based on available data and reports from relevant financial institutions, an overview of the impact of Covid-19 and the crisis in Ukraine in 2022 on bank mergers and acquisitions (M&A) is given. In order to draw adequate conclusions, the data used in the paper are official data from the World Bank (WB), the Bank for International Settlements (BIS) in Basel, Deloitte, KPMG, as well as data from the National Bank of Serbia (NBS).

Bank mergers and acquisitions (M&A), Credit risk, Covid 19, Crisis in Ukraine, Financial markets

M53