ACTIVITIES

Research on the Relationship Between Financial Behavior, Financial Well-Being, and Sustainable Consumption: Multidimensional Analysis

Assistant Professor Dr. Šejma Aydin is actively implementing a project titled "Research on the Relationship Between Financial Behavior, Financial Well-Being, and Sustainable Consumption: Multidimensional Analysis," funded by the Ministry of Science, Higher Education and Youth of the Sarajevo Canton for 2023.

The project aims to explore the intricate correlation among financial behavior, financial well-being, and sustainable consumption in Sarajevo Canton. It focuses on how individual financial actions and well-being may influence sustainable consumption practices. The analysis includes diverse aspects of financial behavior, such as savings habits, borrowing, investment, and budget planning, alongside assessing levels of financial well-being. The goal is to understand their impact on sustainable consumption forms like energy-efficient purchases, minimalistic lifestyles, and waste reduction.

The study's outcomes are twofold. Firstly, it will provide insights into the determinants shaping financial behavior and well-being among Sarajevo Canton residents. Secondly, it aims to identify elements fostering sustainable consumption within the local community. Utilizing quantitative analysis methods, the research involves surveying citizens for data collection. A proficient team of finance and sustainability researchers oversees research activities, data analysis, and result interpretation.

Anticipated impacts include an enhanced understanding of the interconnections between financial behavior, financial well-being, and sustainable consumption in Sarajevo Canton. The findings could serve as the basis for policies supporting sustainable financial behavior and consumption, contributing to socio-economic advancement and community sustainability. Additionally, the project has the potential to empower citizens with guidance and recommendations for informed financial choices and cultivating sustainable consumption habits.

 

Student Tarik Mujkić successfully defended his graduation project as part of the FIPOBA project

On February 16, 2024, student of Economics study program at the Faculty of Business and Administration, Tarik Mujkić successfully defended his graduation project titled Second-hand clothing purchase intention in Bosnia and Herzegovina: The role of age and income before a committee composed of Assist. Prof. Dr. Šejma Aydin, Assoc. Prof. Dr. Ognjen Riđić, and Assist. Prof. Dr. Hamza Smajić. The project, part of the FIPOBA project titled Research on the Relationship Between Financial Behavior, Financial Well-Being, and Sustainable Consumption: Multidimensional Analysis, funded by the Ministry of Science, Higher Education and Youth of the Sarajevo Canton, explored whether age and income act as significant differentiators in purchasing intentions for second-hand clothing. The study found no significant impact of age or income, suggesting that businesses should focus on factors such as environmental values or social trends to better engage consumers in this growing market. This research underscores the importance of understanding deeper motivations behind consumer behavior, providing valuable insights for the sustainable fashion industry.

 

Round Table: Financial Behaviour and Sustainable Consumption

On Monday, December 23, project team member Asst. Anes Kadić has hosted a round table discussion with FBA students and professors, titled: "Financial Behaviour and Sustainable Consumption". The guest speakers were the Assistant Director of the Statistics Agency of Bosnia and Herzegovina, Dr. Edin Šabanović, as well as Mr. Faruk Cerić, Ms. Amela Ikić-Suljagić and Ms. Maja Lukić-Grabovac from the Sarajevo Economic Region Development Agency (SERDA). Dr. Šabanović presented the statistical overview of the budget and expense structure of Bosnian households, as well as their overall purchasing power and trends, emphasizing the stratification between the households based on structure, age, gender, education and employment. The associates from SERDA have presented several of their own projects in the area of sustainable consumption, green textile (clothing) practices, managing household waste and renewable energy. Hence, the participants had the chance to hear and discuss about how the financial structure of their households works, what are the challenges of implementing green and sustainable practices in their everyday lives, and how such practices can reduce their expenses and make for more efficient use of their resources.