Article metrics

  • citations in SCindeks: [1]
  • citations in CrossRef:0
  • citations in Google Scholar:[=>]
  • visits in previous 30 days:5
  • full-text downloads in 30 days:2
article: 2 from 4  
Back back to result list
Ekonomika poljoprivrede
2018, vol. 65, iss. 1, pp. 391-411
article language: English
document type: Review Paper
published on: 31/05/2018
doi: 10.5937/ekoPolj1801391D
Creative Commons License 4.0
Alternatives for exiting the loss zone for medium-sized agricultural enterprises in the Republic of Serbia

Project

Biotechnological approaches for overcoming effects of drought on agricultural production in Serbia (MESTD - 31005)
European integrations and social and economic changes in Serbian economy on the way to the EU (MESTD - 47009)

Abstract

The research objective is to identify causes and alternatives for exiting the loss zone for agricultural enterprises in Serbia. The subject of the research is financial performance of agricultural enterprises in 2010-2014. Economic and financial power of all medium sized agricultural enterprises was determined by applying financial analysis. Based on the sample of least successful entities, the causes and alternatives for exiting the loss zone were identified. The results show that loss appears due to a reduction in operating income or in contribution margin, or due to an increase in financial expenses. The first suggested alternative refers to increasing the volume of production and sales at current global price parity, while the second assumes shifting global price parity in favour of sales prices at current real capacity utilization rate. The effects of proposed alternatives are evaluated by two measures of profitability - return on assets and return on equity.

Keywords

loss zone; agricultural enterprises; medium-sized enterprises; financial analysis; economic and financial power

References

Bubić, J., Hajnrih, J. (2012) The analyses business performances of agricultural enterprises in Vojvodina during the current crisis. Ekonomika poljoprivrede, vol. 59, br. 2, str. 183-194
Đuričin, S., Beraha, I. (2014) Unapređenje finansijskih performansi agroindustrijskog sektora po osnovu podsticajnih mera razvoja. in: Deindustrijalizacija u Srbiji, Beograd: Institut ekonomskih nauka, pp. 690-703
Đuričin, S., Stevanović, S., Ljumović, I., Simović, V. (2016) Nacionalna mreža srednjih preduzeća u Republici Srbiji. Belgrade: Institute of economic sciences
Đuričin, S., Beraha, I. (2012) Promoting availability of financing to SMEs in Serbia on the road to EU integration. in: European integration process in Western Balkan countries, Coimbra, Portugal: Faculty of Economics, University of Coimbra, pp. 493-511
Đuričin, S., Beraha, I. (2013) Evaluation of business performances of agricultural enterprises in the mixed farming sub-sector and their impact on economic growth of the Republic of Serbia. in: Agriculture in Serbia and Portugal: Recent developments and economic policy implications, Coimbra, Portugal: Faculty of Economics, University of Coimbra, pp. 122-138
Đuričin, S. (2012) Analiza poslovanja i mogućnosti izlaska preduzeća iz zone gubitka. Beograd: Institut ekonomskih nauka
Đuričin, S., Bodroža, D. (2013) The impact of drought on yield position of the group of enterprises from agriculture sector. Ekonomika poljoprivrede, vol. 60, br. 1, str. 25-38
Erić, D., Beraha, I., Đuričin, S. (2011) Financing innovative small and mediumsized enterprises in times of crisis. Revista Romana de Economie: Romanian Journal of Economics, Romanian Academy, pp. 59-74
Erić, D., Beraha, I., Đuričin, S., Kecman, N., Jakišić, B. (2012) Finansiranje malih i srednjih preduzeća u Srbiji. Beograd: Institut ekonomskih nauka
Ivković, D., Karavidić-Čukanović, M., Vujičić, S. (2012) Small and medium-sized enterprises as a factor of Serbian economy. Economic Analysis, vol. 45, br. 3-4, str. 31-45
Majstorović, A., Miloradić, J., Andžić, S., Andžić, R., Divac, G., Aničić, A., Mirković, Z. (2016) Legal aspects of financial analysis in agribusiness companies in Serbia. Ekonomika poljoprivrede, vol. 63, br. 4, str. 1379-1393
Mitrović, A., Knežević, S., Veličković, M. (2015) Ratio analysis specifics of the family dairies' financial statements. Ekonomika poljoprivrede, vol. 62, br. 4, str. 1061-1078
National Bank of Serbia Basic macroeconomic indicators. https://www.nbs.rs/internet/cirilica/80/index.html, 05/09/2017
Neogradi, S. (2017) Methodology of Credit Analysis Development. Economic Analysis, 2013, Vol 50, No. 3-4, pp. 75-85
Petrović, P., Vuković, D. (2016) Financial sources of small and medium enterprises for agribusiness and eco-tourism in Serbia. Ekonomika poljoprivrede, vol. 63, br. 4, str. 1433-1444
Rodić, J., Vukelić, G., Andrić, M. (2007) Teorija, politika i analiza bilansa. Beograd: Poljoprivredni fakultet
Savić, B., Vasiljević, Z., Đorđević, D. (2014) Strategic cost management as instrument for improving competitiveness of agribusiness complex. Ekonomika poljoprivrede, vol. 61, br. 4, str. 1005-1020
Serbian Business Registers Agency Financial statements. http://pretraga2.apr.gov.rs/ObjedinjenePretrage/Search/Search, 05/06/2017
Vukelić, G., Đuričin, S. (2012) Agricultural output growth at the regional level in Serbia. in: Managing structural changes: Trends and requirements, Faculty of Economics, University of Coimbra, pp. 611-626