The Analysis of Intangible Costs of Trade Companies in Serbia

Lukić, Radojko; Perovic, Veselin

doi:10.24867/ijiem-2019-1-007

Cited by 3 publications

(2 citation statements)

References 4 publications

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“…where. DNW, Dividend by book value (Aivazian et al, 2003b) (Endogenous variable) PRMS, Promoters’ stake (Sahoo & Rajib, 2010; Srivastava, 2011) (Explanatory variable) INS, Institutional investors’ stake (Frijns et al, 2018; Nair et al, 2019) (Explanatory variable) RIS, Retail investors’ stake (Kannadhasan, 2015; Nair et al, 2019) (Explanatory variable) OPM, Operating profit margin (Lukić, 2018; Ricci, 2012) (Control variable) DER, Debt equity ratio (Byrd & Mizruchi, 2005; De Mooij & Keen, 2016) (Control variable) …”

Section: Methodsmentioning

confidence: 99%

Does Ownership Structure Influence Dividend Distribution Policy in India? Evidence Using Panel Data Analysis

Pinto¹,

Rastogi

Kanoujiya

2022

Indian Journal of Corporate Governance

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This article evaluates the influence of ownership structure (OS) components on dividend distribution policy in India. More precisely, it aims to comprehend the impacts of promoters’ shareholdings (PRMS), institutional investors’ shareholdings (INS) and retail investors’ shareholdings (RIS) on dividends of Indian listed companies. This article uses equity dividend divided by book value (DNW) to determine the dividend distribution policy for the selected panel of 80 listed companies for the period of 5 years (2016–2020). The static as well as dynamic panel data regression models are applied in the study. The static panel data regression results exhibit that none of the three OS explanatory variables (PRMS, INS and RIS) affect significantly the dividend distribution policy of Indian listed companies. Similar results are depicted by the dynamic panel data regression model also, thus ensuring robustness of the results. Hence, this article does not find support for agency theory, signalling theory and clientele effect. The study recommends that investors need not consider the composition of shareholding pattern of a company to have any significant influence on dividends while making their investment-decisions. The findings also add to the increasing studies across the globe evaluating the influence of OS on dividends.

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Section: Methodsmentioning

confidence: 99%

Does Ownership Structure Influence Dividend Distribution Policy in India? Evidence Using Panel Data Analysis

Pinto¹,

Rastogi

Kanoujiya

2022

Indian Journal of Corporate Governance

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“…Operating profit margin measures how much profit a company makes on sales before paying interest or tax (Nguyen et al, 2019). It is a measure of the long-term performance of companies (Lukic, 2018). ROA indicates the effectiveness of using the assets to generate income, and the higher the value of ROA, the higher the efficiency of asset use (Bordeianu and Radu, 2020;Burja and Burja, 2009;Nguyen et al, 2019).…”

Section: Economic Profitability Ratiomentioning

confidence: 99%

Directions for Management in Small and Medium Hotels and Restaurants Companies

Lucas¹,

Ramires²

2022

GTG

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The primary goal is to validate if there is a relationship between liquidity and economic profitability in hotels and restaurants sectors, in small and medium companies (SMCs). The question to be answered is whether the short-term view will not compromise the future results of those companies. After a literature review, hotels and restaurants financial ratios were analysed over 5 years. Data were also treated using linear regression, to understand if there is a relation between liquidity and economic profitability. All the financial information was obtained from the SABI database. According to the studied literature, it was not expected to have any relationship between liquidity and economic profitability. The study consists of the Portuguese context in the latest 5 years period before COVID-19, in the hotels and restaurants sector, and it does validate those previous studies. Indeed, findings show no relationship between both ratios. Findings show to hotels and restaurants managers that liquidity-based management does not necessarily lead to future economic profitability. Even if liquidity is necessary for accurate short-term management, it shall not be used to guide them in the decision-making process concerning economic profitability. The results obtained are of enormous importance to both practitioners and academics. Managers must understand that they must take into account the need for liquidity in a short-term vision, but they must also understand that this fact alone is not a guarantee of good profitability in a long-term vision. The results in the empirical study also help to reinforce the inexistence of a relationship between the liquidity ratio and the economic profitability ratio in the literature.

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Analysis of development and effects of electronic trade in Serbia based on SF-TOPSIS and TOPSIS methods

Lukić

2023

Anali Ekon fak Subotica

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The issues of measuring and analysing the development dynamics and effects of electronic trade are currently topical, significant and complex in any country, including Serbia. In the observed period from 2017 to 2021, according to the obtained empirical results based on the SF TOPSIS method, the largest number of trading companies introducing e-business (IT technology) and e-trading appeared in Serbia in 2017. According to the obtained empirical results based on the classical TOPSIS method, the largest number of trading companies introducing e-business (IT technology) and e-trading was recorded in Serbia in 2019. The following is the ranking according to the SF-TOPSIS method: 2021, 2018, 2019 and 2020. The ranking according to the TOPSIS method is as follows: 2020, 2021, 2018 and 2017. The digitalisation factors of overall business operation of trade industry in Serbia are the global trend and requirements, degree of development of contemporary IT technology and the possibility of application in all the segments of trading operations, the economic climate, financial opportunities, entry of international retail chains, development of multichannel sale-classic and e-retail facilities, around-the clock business operations without time and geographical barriers etc. Considering the positive effects, significantly more should be invested in new information and communication technology in the future.

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The Analysis of Intangible Costs of Trade Companies in Serbia

Cited by 3 publications

References 4 publications

Does Ownership Structure Influence Dividend Distribution Policy in India? Evidence Using Panel Data Analysis

Does Ownership Structure Influence Dividend Distribution Policy in India? Evidence Using Panel Data Analysis

Directions for Management in Small and Medium Hotels and Restaurants Companies

Analysis of development and effects of electronic trade in Serbia based on SF-TOPSIS and TOPSIS methods

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