This paper presents the results of research conducted to identify the factors that influence the decisions of company management to outsource accounting services. A transaction cost economics (TCE) model was used to analyse factors that influence high levels of outsourcing of accounting tasks in the case of Montenegro, where, based on our sample, 75.4% of companies enter outsourcing arrangements with bookkeeping agencies or with external accountants. With an adaptation of International Accounting Standards (IAS) and legal requirements for submission of standardised year-end reports, there is evident growth of bookkeeping and financial service providers on the market and an evident trend of companies entering accounting service outsourcing with those agencies. A survey was developed to investigate 12 variables that, according to the TCE model, influence outsourcing decisions. The selection of variables was based on previous research in the field using the TCE or Resource-Based View model (the most common models used for this analysis). In contrast, new variables were introduced that measure the effects of the introduction of IAS through legal reporting obligations in Montenegro. By developing the model this way, it became possible to predict 47% of the variance of the dependent variable and to identify the main factors (other than price) that influence the decision of managers to outsource accounting services.

This study aims to address a research gap by analyzing the role of technology adoption as a determinant of the circular economy in relation to sustainability-oriented innovation and environmental performance. This study uses an advanced structural equation modeling (SEM-PLS) approach to address methodological rigor issues, including multigroup analysis and bootstrap methods to ensure reliability and validity. Data were collected from 201 Indonesian SMEs, and 603 responses were collected and analyzed using structural equation modeling. The findings indicate that technology adoption contributes significantly to the circular economy and sustainability-oriented innovation but is insignificant to environmental performance. Furthermore, the circular economy and sustainability-oriented innovation are key to improving environmental performance. This study presents an advanced mediation model using serial mediation analysis with bias-corrected confidence intervals to ensure methodological robustness. This study develops a theoretical framework by integrating the natural resource-based view (NRBV), environmental concern theory, and stakeholder theory in the context of SMEs, providing a more comprehensive overview for understanding the mechanisms of environmental conservation. The results also highlighted the role of the circular economy and sustainability-oriented innovation as serial mediators in the relationship between technology adoption and environmental performance. In terms of theoretical implications, this study incorporates the natural resource-based view, environmental concern theory, and stakeholder theory to improve our understanding of environmental conservation. In terms of managerial contribution, the main implication for SME managers is to invest in sustainable practices by focusing on circular practices and improving the understanding of efforts to improve environmental performance.

Fuel combustion products cause considerable damage to the environment and human health. Therefore, it is necessary to switch to environmentally friendly vehicles. This study analyzed the dynamics of the number of cars and trucks with electric and hybrid engines, predicted their number at the current rate of change in their number, and the degree of provision and potential need for charging points in European countries. According to the results obtained, 73% of the territory of the European Union has a provision of charging points below the average level. This emphasizes the need to change the approach to structuring infrastructure upgrades by systematizing the process of creating new charging points. A mathematical model was created using the least-squares method to predict the number of vehicles with environmentally friendly engines over the next three years. The predicted number of such cars in the EU in 2026 is 12.5 million, which requires an increase in the number of charging points by 2.7 times compared to the existing ones. Under such conditions, it will be possible to reduce atmospheric emissions by 120 million tons by 2024, 160 million tons by 2025, and more than 200 million tons annually by 2026. The rapid growth of charging stations will lead to an increase in the electricity demand, which, in turn, will become an impetus for a sharp increase in electricity production by alternative sources. With the timely adaptation of infrastructure to the growing needs associated with environmentally friendly transport, achieving the maximum positive effect from these innovations is possible.

The paper discusses development of accounting regulation in Montenegro by introduction of International Standards for Financial Reporting and how this standardization effects the economy and SME’s performance. In 2015 International Accounting Standards Board issued International Standards for Financial Reporting (ISFR) for small medium enterprises (SMEs) which introduced few changes in reporting needs of SMEs. Changes that were introduced lessened the reporting needs for SMEs however new ISFR for SMEs were not introduced in Montenegro. The aim of this paper is to discuss how current standards supported by national legislation are affecting Montenegro as transition economy and if this standardization is enhancing the development of SME sector. Based on qualitative research and interview with executives of 150 SMEs in Montenegro we will present how standards are applied in practice and if they have increased the quality of reporting for SMEs.

The tourism sector plays a pivotal role in Montenegro's economic development, with human resources serving as one of its most critical components. This study explores the significance of human resources in shaping the competitiveness and sustainability of Montenegro's tourism industry. By adopting a human resources perspective, the research examines the challenges, opportunities, and strategies that influence the sector's performance. Key issues such as workforce training, employee retention, cultural competence, and leadership are analyzed to identify gaps and propose actionable solutions. The findings reveal that enhancing the quality of human resources through targeted education, professional development, and strategic management practices can significantly improve the positioning of Montenegro's tourist product on both regional and global markets. This study contributes to the existing literature by providing insights into the role of human capital in driving tourism growth and offering practical recommendations for policymakers, industry stakeholders, and educational institutions.