Empirical Data on Financial and Audit Reports of Serbian Business Entities

Mizdraković, Vule; Stanić, Nenad; Mitić, Vladimir; Obradović, Ana; Kljajić, Maja; Obradović, Maja; Stanišić, Nemanja

doi:10.15308/finiz-2020-193-198

Cited by 5 publications

(3 citation statements)

References 5 publications

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“…Values originally disclosed in RSD, as the reporting currency, were converted into euros by using the average exchange rate of euros on the balance sheet date (31st December). Values of each financial statement line is presented in thousands, and therefore they are presented as such in this research [49].…”

Section: Methodsmentioning

confidence: 99%

Advances in Principal Component Analysis

2022

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The interoperability and integration of heterogeneous systems, with a high degree of autonomy and time-dependent dynamic configuration over multilevel and multidimensional feature space, raise the problem configurations complexity. Due to the emergent nature of a large collection of locally interacting components, the properties and the behavior of a collection may not be fully understood or predicted even the full knowledge of its constituents is available. The simplification is contemporary addressed through either dimensional reduction methods, like Principal Component Analysis (PCA), or overall ontology managing through Physics of Open Systems (POS) paradigm. The question is: Is it possible to cope with the complexity by integrating dimension reduction steps with basic POS concepts on the Large Data Objects (LDOs) holding the structure and behavior of the complex system. The intended mission of this chapter is to formulate a starting System of Systems (SoS) based configurable hyper framework model that may be dynamically improved to better suit the static structure and dynamic behavior of complex SoS configurations. That is the reason why the reflexive integration of POS and different dimensional reduction methods, through an interoperability framework, have been proposed as the main contribution of this research chapter.

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Section: Methodsmentioning

confidence: 99%

Advances in Principal Component Analysis

2022

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“…When it comes to financial indicators, results indicate that the average Net Margin of observed firms was 5.75% while Gross Margin equals 6.05%. It can be concluded that audit firms in Serbia on average achieve extraordinary results having in mind that median value of average Net Margin of companies from other industries is close to 1% (Mizdraković, et al, 2020).…”

Section: Tabela 1 Social Media Presence Of Serbian Audit Firmsmentioning

confidence: 96%

Social Media and Audit Firms: Is Social Media Presence Correlated With Better Financial Results?

Obradović,

Mizdraković,

Obradović

et al. 2023

SIJ

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The omnipresence of social media has significantly influenced and shaped contemporary businesses. Online presence has become one of the main prerequisites for survival and success of companies in a dynamic and competitive environment. Digital presence and image of a company in online marketplace has become much more important than ever before. The aforementioned was especially pronounced during the COVID-19 pandemic when the period was marked by social distancing of people in their physical environment. Interestingly, social distancing ultimately led to the increased use of the Internet in conducting everyday personal and professional activities. The purpose of this paper is twofold. First purpose is to investigate social media presence of audit firms in Serbia. The second purpose is to analyze correlation between the financial performance of audit firms and their social media metrics during the COVID-19 pandemic. The contribution of this paper is to investigate to what extent Serbian audit firms use social networks for promoting their consulting and auditing services, with the purpose of attracting new clients. Results show that audit firms that belong to international networks are significantly more present on social media, while approximately 80% of domestic audit firms in Serbia are not present on the observed social media platforms: Facebook, Instagram, and LinkedIn. Regarding profitability, results show that there is a high statistically significant correlation between EBITDA and observed metrics of Linkedin and Instagram social networks.

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“…Then we extend the database with hand-collected data regarding the following variables: the size of the corporate boards, number of male and female board members, and CEO duality in the year before the Covid outbreak. According to Mizdrakovic, Stanic, Mitic, Obradovic, Kljajic, Obradovic and Stanisic (2020), the most common audit opinion in Serbia is Balkan Social Science Review, Vol. 19, June 2022, 205-235 unqualified, which together with opinions with an emphasis on matter paragraphs comprise 73.64% of the total sample in this set.…”

Section: Is the Gender Of Board Members And Auditor Opinion And Audit...mentioning

confidence: 99%

Auditing Engagement vs. Client Board Gender Diversity and Independence – Are There Any Relationships?

KNEZEVIC¹,

PAVLOVIC²,

BOJIČIĆ³

2022

BSSR

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The purpose of this paper is to answer the question of whether corporate governance in terms of gender structure of client corporate boards and CEO duality impact client's incentive and ability to engage in high-qualityaudit in companies a year before the Covid outbreak. Private and public corporations are included in the sample and statistical analysis is applied on auditor reports and client board characteristics (gender and independence) to find the existing relationships. The study revealed that client boards are more male-dominated, with much of them having CEO duality experience and therefore more being prone to engage a local auditor, much less to engage an international auditor, and reports are signed by a male auditor in more of the cases. Results also support the fact that auditing companies have been paying attention to gender issues with half of the auditors signing the report being female. It was found that gender composition of client board and CEO duality and audit opinion are not interrelated which is in line with other studies. The paper extends the growing literature on the linkage between audit quality board characteristics and it overcomes the limitation observed in Goranka KNEZEVIC, Vladan PAVLOVIC, Radica BOJICIC 206

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Empirical Data on Financial and Audit Reports of Serbian Business Entities

Cited by 5 publications

References 5 publications

Advances in Principal Component Analysis

Advances in Principal Component Analysis

Social Media and Audit Firms: Is Social Media Presence Correlated With Better Financial Results?

Auditing Engagement vs. Client Board Gender Diversity and Independence – Are There Any Relationships?

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