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Ekonomika
2016, vol. 62, br. 3, str. 93-110
jezik rada: engleski
vrsta rada: naučni članak
objavljeno: 13/10/2016
doi: 10.5937/ekonomika1603093J
Uporedna analiza finansijskih i nefinansijskih performansi akcionarskih društava
Univerzitet u Kragujevcu, Ekonomski fakultet

e-adresa: sjovetic@kg.ac.rs, puricjelena1@gmail.com

Sažetak

Cilj rada da se izmeri saglasnost između pozicije preduzeća na Beogradskoj berzi (BSE) i njihovih finansijskih i nefinansiskih performansi, odnosno da se izmeri koliko su u kriterijume za listiranje akcija uključene finansijske i nefinansijske performanse. Analiza, pomoću statističko-ekonometrijske metodologije, obuhvatila je 10 preduzeća koja se nalaze na listi BSE u korpi indeksa Belex 15. Rad se sastoji od četiri konzistentne celine. Prva se odnosi na analizu kriterijuma za listiranje preduzeća na listi BSEs i poziciji koje preduzeće zauzima na osnovu tih kriterijuma. Drugi deo, odnosi se na analizu njihovih finansijskih performansi. Analizirane su sledeće finansijske performanse, odnosi: EPS (neto dobitak po akciji), P /E (cena/ neto dobitak po akciji), P/B (cena /knjigovodstvena vrednost ) i R?? (prinos na kapital) tih preduzeća. Treći deo rada odnosi se na analizu nefinansijske performanse koje predstavljaju ocene ključnih performansi uspeha definisanih u upitniku za samoocenjivanje preduzeća u ISO 9004:2008 i to su: rukovođenje, strategija i politika, resursi,OE (prinos na kapital) tih preduzeća. Treći deo rada odnosi se na analizu nefinansijske performanse koje predstavljaju ocene ključnih performansi uspeha definisanih u upitniku za samoocenjivanje preduzeća u ISO 9004:2008 i to su: rukovođenje, strategija i politika, resursi, procesi, praćenje i merenje, poboljšavanja, inovacije i učenje. U četvrtom delu rada urađena je komparativna analiza pozicije preduzeća na osnovu sva tri kriterijuma i izmerena saglasnost kriterijuma.

Ključne reči

akcionarska društva; finansijske performanse; nefinansijske performanse; ISO 9004:2009; Beogradska berza

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