Industrija

The Impact of Financial Literacy Dimensions on Youths’ Financial Well-Being

Alicia Caitlyn Susanto — 2025-11-19

The purpose of the research is to assess how financial literacy affects young people's well-being in accordance with the Theory of Planned Behavior (TPB). This research was designed to investigate how the theory's conception functions in the context of Indonesian youths, based on the theory's conceptual framework. The statistical analysis was performed on the sample of 150 respondents. To investigate this research idea, Partial Least Squares – Structural Equation Modeling (PLS-SEM) was selected. Financial well-being is positively impacted by one's financial attitude. Financial well-being is also influenced by financial behavior. However, financial knowledge has no impact on financial well-being. The research’s findings contribute to the literature by adding another empirical confirmation from Indonesian youths’ viewpoint. It offers useful information and provides youths with financial literacy skills. This research also contributes to the advancement of knowledge in relation to the financial literacy in youths. It could help governments to make decisions on youth financial well-being. Moreover, it highlights the direction which a government or policymaker can take to pursue youth financial literacy and its well-being.

Bridging Knowledge And Business: Education And Entrepreneurial Development

Goran Đoković — 2025-11-19

Abstract: Considering the growing importance of entrepreneurship and its far-reaching contributions across various sectors, this paper aims to emphasize the role of education in fostering the acquisition of knowledge and skills essential for developing entrepreneurial mindsets and practices. It also highlights the positive impact that developing entrepreneurial competencies can have on students. The research combines an in-depth literature review of relevant studies on entrepreneurial education with an empirical survey investigating graduate students’ attitudes from the Republic of Serbia. Data analysis and interpretation included descriptive statistics, correlation method and regression model. The findings demonstrated that entrepreneurial teaching and support significantly affect entrepreneurial impact such as skills to manage risk, entrepreneurial mindst and ability to create value for others.

Keywords: entrepreneurship, entrepreneurial education, entrepreneurial competencies, entrepreneurial mindset

Blockchain as a driver of innovation in the FinTech industry and modern financial markets

Maja Dimic — 2025-11-19

Abstract: This paper aims to analyze the role of blockchain technology in the transformation of the financial sector, with particular emphasis on its application within FinTech solutions and its potential to drive structural changes in financial markets. Over the past decade, FinTech has experienced rapid growth, significantly reshaping traditional financial services through digital innovation. This evolution is characterized by the integration of technologies that enable novel forms of access to financial products and services, including online banking, mobile payments, and digital lending platforms. Concurrently, there has been a pronounced increase in investment in technological innovations within the financial sector, reflecting a high level of market and institutional interest in FinTech solutions. Within this ongoing digital transformation, blockchain technology stands out as a disruptive infrastructure with the capacity to redefine operational, security, and regulatory frameworks of current financial systems. Its core attributes: decentralization, immutability of records, and transparency, facilitate accelerated transaction processing, reduction of transaction costs, elimination of intermediaries, and enhanced security of financial operations. Special attention in the analysis of modern FinTech innovations is given to smart contracts and decentralized finance (DeFi).

The Interdependence of Macroeconomic Stability Parameters: The Case of the Western Balkans

Nemanja Lojanica — 2025-11-19

The primary objective of this paper is to highlight the main types of causality between economic growth, inflation, and unemployment, as well as to reexamine the fundamental regularities associated with these variables. To investigate the potential dependence among the variables, a sample of Western Balkan countries (Albania, North Macedonia, Serbia, Bosnia and Herzegovina) over the period 1995–2024 is used. As the appropriate methodological framework, panel cointegration, the Mean Group (MG) cointegration technique, and panel causality tests were employed. The study established the existence of cointegration among the variables. The key finding concerns the positive and statistically significant impact of inflation on economic growth, as well as the causality running from inflation to economic growth. The results align with the view that a moderate inflation rate in the short term is associated with economic growth, and that stable and sustainable economic growth requires price stability. While the benefits of moderate price increases in the short run can be effective, the focus should remain on the long-term horizon.