Technological innovation in the petroleum industry: The case of NIS j.s.c. Novi Sad

Veselinović, Nemanja; Veselinović, Martina

doi:10.5937/esd1901019v

Cited by 7 publications

(5 citation statements)

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“…Due to the quick technological advancements and increasingly sophisticated consumer markets, companies are forced to consistently invest in R&D and innovation, which are regarded as the primary strategic factors for their success (Marković et al, 2020). The degree of innovation of these companies can be identified based on the part of the realized sales revenues that are invested in R&D. For the competitive advantage of innovative companies, it is very important not only to invest significantly in R&D, but also to have the highest intensity of investment in R&D and realize the high efficiency of investment in R&D. To boost revenues, earnings, labour productivity, profitability, technical innovation, and competitiveness, every company aims to increase the effectiveness and efficiency of R&D investment (Veselinović & Veselinović, 2019). Continuous growing investments in R&D lead to the efficiency of the use of these funds, which implies the creation and implementation of product and process innovations, which should contribute to the growth of the profitability of the companies.…”

Section: The Relevance Of Randd Activity For Improving Business Perfo...mentioning

confidence: 99%

THE IMPACT OF R&D ACTIVITY ON THE BUSINESS PERFORMANCE OF HIGH-TECHNOLOGY COMPANIES

Janjić

Krstić²,

Milanović³

2022

FU Econ Org

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This paper aims to examine the influence of R&D activity on the business performance of high-technology companies. In order to provide an empirical investigation of the impact of R&D activity on the business performance of high-technology companies, correlation and regression analyses have been utilized.This study discovered that investment in R&D has a positive influence on EBIT, net earnings, EBITDA, and total assets, while its influence on ROA was confirmed to be statistically significant and negative. Additionally, the influence of R&D intensity performance indicator (RDI) on ROA as a short-term financial performance indicator was not confirmed. The study revealed that return on R&D investment (RORDI) has a statistically significant and positive influence on ROA in the current, observed year.The evaluation of the obtained results can be a basis for drawing more detailed conclusions, contributing to the future R&D strategy and existing literature, and emphasizing the importance of R&D investment for various business performances.The originality of this study is reflected in the comprehensive analysis of the influence of specific indicators of R&D activity, such as RORDI, on the business performance of high-technology companies. This paper is also beneficial because none of the existing studies have explored the impact of investment in R&D on EBITDA.

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Section: The Relevance Of Randd Activity For Improving Business Perfo...mentioning

confidence: 99%

THE IMPACT OF R&D ACTIVITY ON THE BUSINESS PERFORMANCE OF HIGH-TECHNOLOGY COMPANIES

Janjić

Krstić²,

Milanović³

2022

FU Econ Org

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“…Kao terapija, obavezno su korišćene i molitve u crkvi i na grobnici svečevoj. Teške bolesnike su ostavljali da presede ili prespavaju na kamenom podu grobnice, moleći Boga i svetitelja za isceljenje ili da prenoće u grobnici Svetog Romana, zbog uverenja da će bolesnik u posrednom kontaktu sa Svecem biti izlečen [24][25][26]. U rukopisu Arhimandrita svetoromanskog Danila iz 1888.godine, navedeno je: 'Manastir je poznat kao iscelitelan, jer se mnogi bolni, koji s tvrdom verom dolaze, od svojih nevolja spasavaju, naročito pak isceljavaju se oni koji boluju od duševne bolesti...' [25].…”

Section: Slika 7bunclassified

Čudotvorno Isceljenje Opsednutih U Starom Srpskom Fresko-Slikarstvu

Jović¹

2020

PSY

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Brojne su scene čudesnih izlečenja bolesnika u ciklusima Hristovih isceljenja u freskoslikarstvuDečana, Ravanice, Kalenića, Morače i drugih srpskih manastira.Scene čudesnih ozdravljenja bolesnih sa raznim neuropsihijatrijskim bolestima čestouključuju isceljenje jednog ili dva opsednuta (besna) čoveka sa nečistim duhom u Gerasi(Marko V, 1-20) ili u okolini Gadare (Matija VIII 28-34; Luka VIII 26-39). Isceljenjaopsednutih vezana su za isterivanje nečiste sile koja je zaposela telo. Sputanost opsednutihsimbolički je iskazana lancima, kao i njihovim životom u grobu, koji oni ne prepoznaju kaomesto smrti i neživota. Pod uticajem Hristovih isceliteljskih moći, demoni i zli duhovi izlazeiz usta opsednutih i ulaze u svinje, koje se zatim utapaju u jezero/more.Crkva Vaznesenja Gospodnjeg je manastirska zadužbina kralja Stefana Uroša IIIDečanskog. Služeći se umerenim realizmom, dečanski majstori stvorili su između 1338. i1350. jedan od najvećih ciklusa Hristovih čuda u vizantijskoj i srpskoj umetnosti. Brojna suHristova isceljenja opsednutih bolesnika na dečanskim freskama: isceljenje besnog koji bešenem i slep, isceljenje dvojice sa nečistim duhom u Gadari, izlečenje kćeri Hananejke, kojumuči đavo, isceljenje sumanutog u Kapernaumu i izlečenje besnog čoveka u Gerasi.Na freskama resavsko-moravske škole u Ravanici, Kaleniću i Manasiji, na počasnim,mestima naslikani su prizori čudotvornih Hristovih isceljenja. Iako prekrasne, one se manjezadržavaju na pojedinostima koje bi se mogle koristiti kao izvori za istoriju medicine uodnosu na ranije doba. U vizantijskoj i staroj srpskoj umetnosti, za razliku od Hristovih čuda,izuzetno je retko prikazivana scena moći arhanđela da isceljuje opsednute ljude. Na jednojfresci u manastiru Lesnovo (XIV vek) prikazan je Arhanđel Mihailo kako isceljuje monahaMihaila u koga je ušao demon.Pored religioznog karaktera, scene čudotvornih isceljenja opsednutih u starom srpskomfresko-slikarstvu, pružaju dragocene informacije o izgledu i životu osoba sa mentalnimporemećajima i različitim duševnim bolestima i odnosu okoline prema njima u doba kada sustvorene.

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“…Consequently, they will positively contribute to the enhancement of various financial and non-financial performances. Nowadays, every company strives to improve the efficiency of R&D investments in order to boost revenues, profits, labor productivity, profitability, technological innovation and competitiveness (Veselinović & Veselinović, 2019). Innovation activities or R&D activities affect business performance.…”

Section: Introductionmentioning

confidence: 99%

The effects of R&D performance on the profitability of highly innovative companies

Rađenović¹,

Krstić²,

Janjić³

et al. 2023

Strategic Management

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Background: In modern business conditions, intangible assets have a dominant impact on the business performance of the company. R&D activities, the level of R&D investments and the efficiency of R&D investments affect company profitability. There are various performance indicators of R&D activities that have an impact on profitability. Purpose: Bearing in mind that R&D is the precondition of growth and development of the company, as well as the efficiency of R&D investments, is the key determinant of economic corporate responsibility, the purpose of this paper is to investigate the effects of various performance indicators of R&D activities on companies' profitability. The aim of this paper is to investigate the effects of R&D investments, R&D intensity and return on R&D capital on the profitability of highly innovative companies. Study design/methodology/approach: Correlation, regression and cluster analyses were performed to provide an empirical investigation of the impact of key R&D performance indicators on the return on assets (ROA) of highly innovative companies, which are on the list of the top R&D spenders in the world. The data for the analysis comprises 24 R&D-intensive companies for the period 2013-2021. Findings/conclusions: The regression analysis results conducted on the determined clusters show that all three analyzed indicators of R&D activities have a positive and statistically significant impact on ROA in highly R&D-intensive companies. It is confirmed that the effects of various indicators of R&D activities are bigger in companies with higher RDII. Limitations/future research: The sample encompasses the 24 companies listed among the top 50 R&D spenders worldwide, which is considered insufficient for extensive analysis. The other limitation is related to the short research period. As the R&D activities produce yields after several years, the possible direction for future research is to investigate the impact of accumulated R&D investment over several years on ROA.

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Technological innovation in the petroleum industry: The case of NIS j.s.c. Novi Sad

Cited by 7 publications

References 4 publications

THE IMPACT OF R&D ACTIVITY ON THE BUSINESS PERFORMANCE OF HIGH-TECHNOLOGY COMPANIES

THE IMPACT OF R&D ACTIVITY ON THE BUSINESS PERFORMANCE OF HIGH-TECHNOLOGY COMPANIES

Čudotvorno Isceljenje Opsednutih U Starom Srpskom Fresko-Slikarstvu

The effects of R&D performance on the profitability of highly innovative companies

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