This research examines different hypotheses that explain generic profitability within the framework of the hypothesis of efficiency, representing its main contribution to the use of direct measurement of efficiency through profitability and market competition. This measurement is achieved using pioneering techniques using a model in the scientific work Profitability, market structure and efficiency by M. Gumbau and J. Maudos (2000). Evidence obtained enables us not to reject the hypothesis about the profitability of oil producers in B&H, to determine whether the concentration positively affects profitability, and further, the results in most cases, enabled us to reject a clean hypothesis of efficiency since, although efficiency contributes positively to explaining the differences in profitability, the market share, which encompasses the effect of market power, also has a positive impact on it. So, from results obtained we do not reject the hypothesis of profitability so that we find positive relationship between profitability and the market share of Oil industry in Federation of Bosnia and Herzegovina.

This study explores the mechanism of influence of total quality management (TQM) practices on a company’s financial performance (FP), considering innovation performance (IP) as a mediator variable. In addition, the proposed model seeks to determine whether the competition intensity (CI) moderates the relationship between TQM practices and FP. Based on the sample of 593 companies from various sectors in Bosnia and Herzegovina, structural equation modeling is used to analyze the relationships between the variables in the model. The results of this paper reveal the implicit and often omitted impact of IP on FP taking into account TQM practices, suggesting that the impact of TQM practices is manifested through full mediation of IP. The moderating effect of CI in the relationship between TQM practices and FP was not supported. The results indicate the role and the importance of IP in the mechanism of influence of TQM practices.

In this research, our primary goal is to examine the impact of specific performance of the manufacturing industry on the economic development of Bosnia and Herzegovina. In view of the above, we examine the factors that are considered relevant and that have an impact on economic development, namely the gross domestic product of Bosnia and Herzegovina. Some specific performance of the industry can be reflected through the number of companies, the number of employees in the industry, the amount of exports, as well as investments within the manufacturing industry. The analysis is based on the collected quantitative data published in bulletins, releases and publications of statistical organizations in Bosnia and Herzegovina for the manufacturing industry over a period of five years (2015-2019). In accordance with the mentioned topic, a research model with essential variables, four independent variables (number of companies, number of employees, volume of exports within the industry) and one dependent variable (gross domestic product) were developed. This research will give us the results as well as insight into the specific performance of the processing industry that affects one of the most important indicators of economic development, that is, the gross domestic product of Bosnia and Herzegovina. The results that will emerge from this research will serve as a good basis for further research that could treat this topic with somewhat more identified variables. Also, it is expected that the results of this research will be useful to economic policy makers in Bosnia and Herzegovina, potential investors in some sectors of the manufacturing industry, but also educational institutions as generators of adequate staff.