Kristjan Markovc, MSc

Name: Kristjan Markovc

Place of Birth: Jesenice, Slovenia

Nationality: Slovenian

Occupation: Ph.D. Student

Place of Residence: Naples, Italy

Slovenian: Native

English: Bilingual Proficiency

Serbian: Working Proficiency

Italian: Limited Working Proficiency

Russian: Limited Working Proficiency

Japanese: Elementary Proficiency

Julia: Main statistical software

Stata: Professional knowledge

RStudio: Supporting statistical software

Python: Basic proficiency

C#: Basic proficiency

Teams:

VK Bled: 2007 – 2016

Florida Institute of Technology: 2015 – 2018

National Team:

Junior National Team 2010-2015

Major Results:

3rd place Junior European Championship 2014

5th place Junior World Championship 2014

6x Slovenian National Champion

1st place Dad Vails Regatta 2016

2x SIRAs Champion 2016, 2017

Kristjan Markovc

University of Naples Federico II, Department of Economics and Satistics, Naples, Italy

The resurgence of gross receipt taxation (“GRT”) as a means of securing reliable tax revenue and simplifying administration raises concerns about its impact on entrepreneurship and micro-sized firms. Using a 2013 legislative change in Slovenia as a natural experiment, this study examines the effects of GRT on micro-sized firms through a robust methodological approach, including difference-in-differences, fuzzy regression discontinuity, and propensity score matching. The findings indicate a statistically significant positive impact of GRT, but only for sole proprietors, with no effect on LLCs. The most plausible mechanism behind these results is improved tax compliance rather than increased investment or financial relief. By incentivizing firms to enter the simplified tax regime, GRT may encourage previously non-compliant businesses to report their true financial performance, leading to an observed rise in gross receipts. However, limitations in external validity persist due to firms’ self-selection into GRT taxation. These insights offer critical implications for policymakers considering GRT as a tool for revenue collection while balancing economic incentives for small business compliance.

Kristjan Markovc

University of Naples Federico II, Department of Economics and Satistics, Naples, Italy

This paper investigates the impact of the European Central Bank’s Corporate Sector Purchase Program (CSPP) on underwritten bonds within the Eurozone, employing panel data and a difference-in-differences framework. The analysis reveals that CSPP eligibility substantially reduces underwriting costs for eligible firms, with the most pronounced effects observed among those issuing ‘A’-rated bonds. This cost reduction facilitates access to financing under more favorable conditions, thereby enhancing the competitiveness of these firms in the capital markets. Furthermore, the study finds significant spill-over effects, where even non-targeted bonds experience shifts in underwriting cost structures, suggesting that the CSPP not only meets its targeted objectives but also triggers broader market adjustments. These insights underscore the program’s efficiency in lowering financing costs while highlighting the complex interplay between targeted policy interventions and overall market dynamics.

Yuchen Bian

Donghua University, China

Kristjan Markovc

University of Naples Federico II, Department of Economics and Satistics, Naples, Italy

Haifeng GU

Donghua University, China

Shuiwen GAO

Donghua University, China

Public emergencies significantly impact the stability of the financial system. Leveraging the first COVID-19 outbreak in Hubei Province, China, as a case study, this paper employs a difference-in-difference (DID) model to investigate these effects. The analysis demonstrates the impact of public emergencies on bank risk and explores the role of digital transformation in mitigating these risks. The findings indicate that public emergencies increase bank risk; however, digital transformation can mitigate challenges to credit operations, thereby reducing this risk. Furthermore, the study reveals that only banks’ passive risk-taking is affected by public emergencies, while active risk-taking remains unaffected. This paper advocates for commercial banks to accelerate digital transformation initiatives to control and reduce risks during public emergencies.

Awarded for the outstanding academic performance as a senior student

Institution: Florida Institute of Technology

Date: Spring 2018

Awarded for the best performing senior student on Nathan M. Bisk College of Business

Institution: Florida Institute of Technology

Date: Spring 2018

Awarded for the outstanding academic performance in finance

Institution: Financial Executives International

Date: Spring 2018

Awarded for the best performing employee in Clemente Center in Fall 2017 semester

Institution: Clemente Center, Florida Institute of Technology

Date: Fall 2017

Awarded for the best academic performance among all varsity athletes on men’s rowing team

Institution: Florida Institute of Technology

Date: Spring 2017

Awarded for the maintaining high GPA in during the semester

Institution: Nathan M. Bisk College of Business

Date: Fall 2015 to Spring 2018

Institution: International Monetary Fund (IMF)

Location: Tokyo, Japan

Date: January, 2020

Institution: Tohoku University

Location: Sendai, Japan

Date: 04/2019 – 08/2019

Institution: Florida Institute of Technology

Location: Melbourne, Florida, USA

Date: 08/2018 – 12/2018

Institution: Florida Institute of Technology

Location: Melbourne, Florida, USA

Date: 01/2018 – 05/2018

Title: Impact of Temperature Rise on Productivity of Vegetables in Japan

Authors: Kristjan Markovc and Prof. Akira Hibiki

Institution: Tohoku University

Date: August, 2021

Conference participation

Date: September 2019