Development Characteristics of Agricultural Sector in Serbia

Gajic, Milivoj; Zekić, Stanislav

doi:10.22004/ag.econ.157556

Cited by 1 publication

(1 citation statement)

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“…However, one thing is certain -due to the ever-present degree of risk that the corporation may face financial difficulties, the debt ratio has an objective limit beyond which it is not profitable or it is not possible to further increase the level of debt in the capital structure Serbia belongs to the group of predominantly agrarian countries, so the agro-food sector is considered one of the most important economic sectors. The agro-food sector has a significant share in employment and gross domestic product, as well as a contribution to reducing the foreign trade deficit (Gajić and Zekić, 2013). Compared to neighboring countries that are members of the EU, Serbia has a high share of the agro-food sector in gross value added and a high share in exports (Strategy of Agriculture and Rural Development of the Republic of Serbia for the period 2014-2024).…”

Section: Previous Research and Hypothesis Developmentmentioning

confidence: 99%

Is capital structure important for the value of agro-food corporations in Serbia?

Janković-Perić¹,

Jovanović²,

Fedajev³

2022

Ekonomika poljoprivrede

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The research aims to consider the nature of the influence of capital structure on the value of the corporations from the agro-food sector in Serbia. A panel regression analysis was used to test the hypotheses. The research covered the period from 2011 to 2018, and the sample consisted of 14 agro-food corporations whose shares are on the regulated market of the Belgrade Stock Exchange. The obtained results indicate that the capital structure has a statistically significant impact on the value of agro-food corporations and that the profitability of investment projects determines the nature of that impact. Consequently, the financial managers of agro-food corporations must consider the decision on the choice of capital structure as one of the key issues in the process of generating and increasing the corporation value.

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Section: Previous Research and Hypothesis Developmentmentioning

confidence: 99%