Interdependence of enterprise size and vitality in Serbian economy

Malinić, Dejan; Milicevic, Vlade; Glisic, Milan

doi:10.5937/ekopre1408323m

Cited by 6 publications

(4 citation statements)

References 1 publication

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“…The indebtedness ratio is one of the most frequently used indicators of financial leverage. The rule applies to this ratio: the lower the value of the debt ratio, the greater the security of long-term creditors and the solvency of a company (Malinić et al, 2013). When it comes to indebtedness analysis (Table 7), the most unfavorable ratio of liabilities to equity was recorded in 2015.…”

Section: Resultsmentioning

confidence: 99%

Financial stability of enterprises in Serbian agriculture, fishing and forestry sector

Kušter¹

2021

Ekonomika poljoprivrede

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The main aim of this research paper is to examine financial stability, including indebtedness, interest coverage, and profitability of enterprises in Serbian Agriculture, fishing, and forestry sector. The research was performed using the tools of accounting and financial analysis. Period from 2015 to 2019 was observed. Analysis was based on consolidated financial statements for all enterprises that belonged to the sector in mentioned period. Research results show that the enterprises managed to maintain acceptable level of long-term financial stability, while on the other hand, there was a more significant disturbance on the side of short-term financial stability. Solid performances were recorded in the field of interest coverage, but also indebtedness where those indicators met referent values in almost every observed year. In the field of profitability that was examined via ROA and ROE indicators, poor performance was recorded.

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Section: Resultsmentioning

confidence: 99%

Financial stability of enterprises in Serbian agriculture, fishing and forestry sector

Kušter¹

2021

Ekonomika poljoprivrede

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“…Malinić et al [16] identified 73.2% increase in cumulative losses in the in the period 2008-13. Additionally, declared net losses were higher than declared net income.…”

Section: Where Does Serbia Stand In the Quest For A New Growth Model?mentioning

confidence: 97%

The future of Serbia and how to survive it: Catching up and convergence with the EU

Djuricin¹,

Vuksanovic²

2016

Ekonomika preduzeca

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respond quickly and accurately to the universe of risk stressors. Serbia's economy is underdeveloped, with delay in transition, catching up and income convergence with developed economies from its surroundings. Vulnerability indicators and cross section analysis of macroeconomic data indicate the presence of many anomalies in the system. The main contradiction is deindustrialization which, combined with relatively high financialization, produces output gap, macro deficits, and growing indebtedness. Coming up with a new growth model that will put the economy in line with the future is not an easy endeavor when an economy is encumbered with serious structural imbalances from the past and risk stressors influencing its future position.Having in mind the fact that right now the economy is not sustainable, the main challenge for Serbia is not its future, but how to survive it? Multipronged reform agenda is the way to escape from structural crisis and get adequate answers to leading trends in order to shift the economy to sustainable and inclusive growth trajectory. Discussing how Serbia's economy would benefit from right answers to previously raised question, is a very specific purpose of this paper.The paper is organized into five parts, apart from conclusion. The first two sections are dedicated to principal drivers of change, new normality in socio-economic context and industrial revolution 4.0 affecting the new growth model and economic policy platform. The purpose of the third section is strategic audit of Serbia's economy at the end of 2015. The fourth part consists of a concise elaboration of the EU's major challenges, inspiring the reforms in Serbia, too. The fifth and sixth part provide an overview of currents stage of reforms and proposals for multipronged reforms considering the intersection of new context, economic fact sheets in Serbia and the EU and leading trends. The new industrialization is a core idea. AbstractHypercompetition, sometimes referred to as "universal transformative global discontinuity", is the greatest challenge the mankind faces today. The key characteristics of this stage of development are: hiking up of risk stressors and disruptive innovations. Great volatility of global markets is a consequence of permanent shortening of life cycle of almost everything relevant to them (growth model concepts, geopolitical interests, regulations, business models, supply chains, technologies, products, etc.). Maybe more than ever in modern history, we live in a time of profound changes. New normality creates a significant impact on politics, economy, and society. From many perspectives, it is a pivotal moment for mankind.The main attributes of this stage of development pertain to the vast impact of new normality coming from socio-political context, reflected in financialization, concentration of wealth, massive spillover effects of geopolitics on the economy (particularly on commodity prices), climate changes and security challenges, as well as the impact of technology development (this time inspire...

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“…Analysing business operations of Serbian economy for the period 2007-2013, Malinić et al, (2014) concluded that insufficient profitability was a key limiting factor of the economic growth and development. Low profitability of numerous companies was followed by low efficiency, insufficient profit margins, high borrowing costs, low ROE and deterioration of financial leverage.…”

Section: Literature Reviewmentioning

confidence: 99%

Some aspects of business operations of Serbian economy in 2017

Krstić¹,

Fedajev²,

Nikolić³

2018

Industrija

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After a period of stagnation, caused by the global economic crisis, the Serbian economy has been transformed into a growing economy with a satisfactory level of price and currency stability. In order to maintain this trend in the future and to ensure further acceleration of economic activity, it is necessary to identify the key problems faced by companies in every economic segment. In this sense, the aim of this paper is to identify the segments of the economy with the most favourable and the disadvantageous business economy, as well as the advantages and limitations of each segment individually. To perform this comparative analysis, the ratio analysis was applied in combination with PROMETHEE and the entropy method. Research results suggested that medium enterprises and those operating in the sector of information and communication and in the region of Vojvodina had the most favourable business economics, while the micro enterprises, those who operate in the construction sector and in the region of Kosovo and Metohija were in the worst economic and financial situation. On the basis of the obtained results, appropriate recommendations and guidelines for improvement of the business economics in the worst ranked segments of the economy have been defined.

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Interdependence of enterprise size and vitality in Serbian economy

Cited by 6 publications

References 1 publication

Financial stability of enterprises in Serbian agriculture, fishing and forestry sector

Financial stability of enterprises in Serbian agriculture, fishing and forestry sector

The future of Serbia and how to survive it: Catching up and convergence with the EU

Some aspects of business operations of Serbian economy in 2017

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