June 2020 Volume 20 Issue 2

    1. THE INNOVATIVE IMPACT OF INSURANCE FOR ECONOMIC GROWTH: THE EVIDENCE FROM NEW EU MEMBER STATES

    Authors: MR.AMIT
    Abstract

    Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently and by mobilizing domestic savings. During the last decade, there has been faster growth in insurance market activity, particularly in emerging markets given the process of liberalization and financial integration, which raises questions about its impact on economic growth.The aim of this paper is to examine relationship between insurance sector development and economic in 11 new EU member states from CentralandEasternEurope, using annual data fortheperiod 1999-2018. We apply dynamic and fully modified ordinary least squares to estimate the relationship between the variables. The results of our study indicate there are a positive and a significant relationship between insurance, measured through penetration, and economic growth Thus, functions of insurance companies - providing means of risk management and performing mobilization and allocation of resources - are important for economic growth and is in line with previous studies and with our hypothesis These results could be useful for regional governments that seek to improve economic growth as they suggest the need for implementation of stimulative policies for the development of insurance industry

    Keywords: insurance, economic growth, 11 new EU member states

    2. COUNTERPRODUCTIVE BEHAVIORS AND WORK PERFORMANCE IN MILITARY ORGANIZATION

    Authors: MISS.MUSKAN
    Abstract

    Counterproductive behavior is an important part of work performance, and a risk for both the individual and the organization. We were interested to identify a valid measure of counterproductive work behavior for the military domain and we chose the CWB scale, which is a part of the Individual Work Performance Questionnaire (IWPQ). Cronbach's coefficient indicates a good internal consistency of the CWB scale. Analysis of the correlations shows the following: the high frequency of counterproductive behaviors correlates with (1) the decrease in the quality of the work done by the employee and with (2) the increase in the frequency of the moments in which the amount of his/her work is lower than expected. In addition, the high frequency of counterproductive behaviors correlates positively with difficulties in concentrating, remembering and decision-making.

    Keywords: Counterproductive behavior, work performance
Fegmont