Dr Jelena Janjusevic

University professor with more than 12 years of international teaching experience, and more than 20 years in research, consulting and management. Currently employed at Heriot Watt University (United Kingdom), at Dubai campus as Associate Professor in Finance (Teaching and Scholarship), and Academic Head for Accounting, Economics and Finance (AEF) and Executive Education.  She is member of Campus External Engagement Committee in Dubai.

Beside teaching and scholarship, Dr Jelena gained significant experience working on different research projects and covered a multitude of areas from quantitative analysis, sustainable development, trend analysis, quantitative surveys, tourism, investment climate, business barriers and finance, macroeconomics, working with public administration and within the EU integration as a framework. Rich and long industry experience ensures her ability for successful integration of theory and practice, and effectively communicating it to students.

Dr Jelena’s  work was presented at many high level events and conferences (UN General Assembly, Paris Climate Agreement conference, etc.). She has proven experience in organising and facilitating seminars and webinars, conferences, round table discussions, talk shows etc.

She holds a PhD in Quantitative finance from University of Montenegro. Her PhD dissertation– Modern Asset Allocation Models, application to Montenegro was awarded by the Central Bank of Montenegro as the best PhD dissertation in 2009.

In her more than 20 year long working experience, out of which more than 12 years of international teaching experience as finance and economics professor, and more than 18 years in research, consulting and management; Dr Jelena  was engaged in different research projects and activities. She has spent more than 7 years working in the first think tank organization in Montenegro as a researcher and analyst on many different projects dealing with financial markets, macroeconomics, capacity development, sustainable development, reforms, etc. and continued working with international organizations managing projects in different areas.

She established and led the Center for Sustainable Development, a research center founded by the UN and Government of Montenegro, where she was involved in designing, fundraising and spearheading the project portfolio of more than USD 20 mil. Those research activities served as a bridge between science and policy decisions on different levels and for different partners on national and international level (government of Montenegro, municipalities, social partners, foreign government officials, international institution representatives – World Bank, IFC, EBRD, USAID, UNDP, CHF, EC, etc, domestic and foreign private companies).

Besides finance, her passion is sustainable development and she worked on a number projects in this area for UN and World bank. She invented, developed, obtain funding and implemented or coordinated implementation of more than 10 projects, with the total budget of over USD 20 mil. Many ideas and projects were presented on the high-level conferences and meetings, such as UN General Assemblies in New York, UN Climate Change Summit in Paris, Columbia University, as well as awarded by high level academic institutions in the world. She led a team awarded by the Massachusetts Institute of Technology (MIT) as the best idea in sustainable energy in 2012 worldwide – Using energy efficiency to resolve illegal construction in Montenegro.

In her current role, as Associate professor in Finance at Heriot Watt University, and Academic Head for AEF and Executive Education, she initiated many projects enhancing students’ research and innovation (such as First University Blockchain Challenge in UAE, development of Exec ed portfolio, organization of International research conference, etc.).

She wrote and published number of articles and was part of the team of authors of important publications. Besides presented work, she is working with her students on UG and PG dissertations, guiding and assisting them in their particular field of research. She was mentor on more than 200 thesis for graduate and undergraduate students. Her research plans are linked with sustainable investing and finance.

REHAN, J.JANJUSEVIC, (March 2022), “Market synchronicity, impact of oil price volatility on stock market index”, International Journal of Sustainable Society, 2021 Vol.13 No.4, pp.337 – 353

JANJUSEVIC J, MATHUR S, “Financing and Budgeting of Events”, in: “Event Management”, chapter, Good fellow, Oxford, 2021

JANJUSEVIC J, Kosovic R, “Skills for Smart Specialisation in Montenegro, Understanding and managing skills as a key resource for growth and competitiveness”, © European Training Foundation, 2020, Team leader, Senior Consultant

SALAMA M, JANJUSEVIC J, in: “Principles of Sustainable Development”, chapter “Sustainable Project management”, Good fellow, Oxford, 250 pages + xii, 2018

JANJUSEVIC J, PEROVIC N, “Eco-certification in the Montenegrin Tourism as a Response on Climate Change”, Sustainable Development and Social Responsibility - Volume 2, Advances in Science, Technology & Innovation, Proceedings of the 2nd American University in the Emirates International Research Conference, AUEIRC'18 – Dubai, UAE 2019

JANJUSEVIC J, CHEGENI W., “The Effect of EU Referendum on the GBP: Evidence from Brexit”, Sustainable Development and Social Responsibility - Volume 2, Advances in Science, Technology & Innovation, Proceedings of the 2nd American University in the Emirates International Research Conference, AUEIRC'18 – Dubai, UAE 2019

JANJUSEVIC J, “Modern Versus Traditional Assets Allocation Models on Imperfect Markets— Which One Is More Convenient for Investors?. In: Creative Business and Social Innovations for a Sustainable Future. Advances in Science, Technology & Innovation , IEREK Interdisciplinary Series for Sustainable Development, Springer, Cham, pages 125-137, 2018

JANJUSEVIC J, LAZAREVIC S, “Are Investments in Sustainable Transportation in Tourism Sector Economically Justified, Journal of US China Public Administration, 13, 472-482, 2016

JANJUSEVIC J, “Financing Sustainable Development – models and key mechanism in application to protected areas”, International Journal of Scientific & Engineering Research (IJSER), 10, 33-42, 2016

JANJUSEVIC J, “Sustainable Development as Heritage for New Generations”, Tourism Bulletin, 43-47, January 2016

JANJUSEVIC J and group of authors, “Sustainable Urban Mobility Plans for Montenegro” – National Library of Montenegro,), monography with national significance, 250 pages, September 2016, Team leader, Senior Consultant.

JANJUSEVIC J and group of authors, “Survey on Low Carbon Tourism in Montenegro”, National Library of Montenegro, 130 pages, July 2016, Team leader, Senior Consultant.

JANJUSEVIC J and group of authors "Third National Communication on Climate Change of Montenegro", for Government of Montenegro, 225 pages, July 2016, Team leader, Senior Consultant

JANJUSEVIC J and group of authors, "The Second National Communication on Climate Change of Montenegro", for Government of Montenegro, April 2015, Team leader, Senior Consultant

JANJUSEVIC J, “Using sustainable development tools for solving property rights in Montenegro”, Econpapers, Journal on Applied Studies in Agribusiness and Commerce, 07, 127- 131, 2013

JANJUSEVIC J, “Could government legalize illegal settlement by improving their energy efficiency”, Proceeding of the 3rd International Symposium on Sustainable Development, 125- 137, June 2012

JANJUSEVIC J, “Stock Exchanges in Montenegro, Expectations and Disappointments”, Milocer Economic Forum Proceedings, 117-129, September 2008

JANJUSEVIC J, “Stylized facts about Montenegrin Capital Market”, Entrepreneurial Economy Conference Proceedings, 42-59, May 2008

JANJUSEVIC J, “Corporate Governance and its Influence of Foreign Investments”, Milocer Economic Forum proceedings, 86-97, September 2007

JANJUSEVIC J, “Educational System reform in Montenegro”, Montenegro Economic Trends, MONET, 22, 75-84, 2006

JANJUSEVIC J, “Econometric Model of Capital Market of Montenegro”, Entrepreneurial Economy Conference Proceedings, 88-102, December 2006,

JANJUSEVIC J, ‘Banco-centric versus Market Oriented Systems” Milocer Economic Forum Proceedings, 86-101, September 2006 )

JANJUSEVIC J, “Capital Market, Example of Right Reforming Processes”, Entrepreneurial Economy Conference Proceedings, 111-126, December 2005,

JANJUSEVIC J, “Competition of the Capital Market of Montenegro, Competition and European Way”, Milocer Economic Forum Proceedings, 66-79, September 2005

JANJUSEVIC J, “Maritime Sector of Montenegro Analysis”, Montenegro Economic Trends, MONET, 21, 74-87, 2005

JANJUSEVIC J, “Capital Market, New Business in Montenegro”, Household Survey Report, 12, 117-129, 2005

JANJUSEVIC J, “Analysis of the Custom on Wheat Flour Influence, Montenegro Economic Trends, MONET 20, 65-74, 2005

JANJUSEVIC J, “Analysis of the Impact of the Custom Rate on Flower Import Introduction”, Montenegro Economic Trends, MONET 19, 59-71, 2005

JANJUSEVIC J , “The Law on Mortgage”, Montenegro Economic Trends, MONET 18, 65-77, 2004,

JANJUSEVIC J, “Analysis of the Law on Investment Funds”, Montenegro Economic Trends, MONET 14, 58-67, 2004

JANJUSEVIC J, “Health System of Montenegro” Household Survey 10, 75-88, 2004,

JANJUSEVIC J, “Analysis of the Montenegrin Capital Market”, Montenegro Economic Trends MONET (edition 12 to 25), from 2002 -2009 (semi-annual analysis)

JANJUSEVIC J and group of authors, “Transition Report for Montenegro”, responsible for “Privatization and Capital Market of Montenegro”, for Government of Montenegro, 200+ pages, 2004, Senior Consultant

One of the authors of the “Economic Reform Agenda (2002-2007)”, for Government of Montenegro, responsible for chapter on financial markets and privatization, 200+ pages, 2002, Senior Consultant

JANJUSEVIC J, “Transaction Costs in Banking Sector of Montenegro”, Entrepreneurial Economy Conference Proceedings, 121-135, December 2003

JANJUSEVIC J, “Insider Trade, Victimless Crime”, Entrepreneurial Economy Conference Proceedings, 45-55, December 2004