Metrika

  • citati u SCIndeksu: 0
  • citati u CrossRef-u:0
  • citati u Google Scholaru:[]
  • posete u poslednjih 30 dana:20
  • preuzimanja u poslednjih 30 dana:7

Sadržaj

članak: 6 od 6  
Back povratak na rezultate
2020, vol. 22, br. 3, str. 263-277
Merenje rizika pozajmljivanja malim i srednjim preduzećima u Republici Srbiji u svetlu savremenih bankarskih regulativa
aUniverzitet u Istočnom Sarajevu, Fakultet poslovne ekonomije, Bijeljina, Republika Srpska, BiH
bUniversity Goce Delcev, Faculty of Tourism and Business logistics, Gevgelija, Stip, Republic of North Macedonia

e-adresamirela.mitrasevic@fpe.ues.rs.ba
Ključne reči: finansiranje MSP; kreditni rizik; zahtevi kapitala; kreditno bodovanje; ekvivalent za ocenjivanje obveznica
Sažetak
Predmet ovog rada je merenje rizika pozajmljivanja malim i srednjih preduzećima (MSP), sa aspekta postojećih bankarskih regulativa. U radu se polazi od hipoteze da bi povećanje transparentnosti procesa merenja kreditnog rizika omogućilo blagovremeno otkrivanje problema i ostavilo prostor za preduzimanje neophodnih radnji za upravljanje malim i srednjim preduzećima, kao i svim poveriocima, i da bi, na taj način, MSP dobila priliku da se obezbede povoljniji izvori finansiranja. U istraživanju je korišćen Altmanov Z-skor model za procenu verovatnoće, da se preduzeća neće pridržavati svojih ugovornih obaveza i za rangiranje privrednih društava. Rezultati primene Z-skor modela ukazuju na činjenicu da se tim modelima, u izvesnoj meri, mogu otkriti ona privredna društva koja će u periodu od dve godine nakon izvršene procene možda proglasiti stečaj, s jedne strane, ali da se oni ne mogu smatrati pouzdanim kada je u pitanju procena verovatnoće da će doći proglašenje stečaja u malim i srednjim preduzećima u Republici Srbiji.
Reference
*** (2019) Default, Transition, and Recovery: Annual Global Corporate Default and Rating Transition Study. Retrieved Juli 3, 2020, from https://www.spglobal.com/ratings/en/ research/articles/200429-default-transition-and-recovery-2019-annual-global-corporate-default-and-rating-transitionstudy-11444862
Altman, E. (1968) Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. Journal of Finance, 23(4): 589-609
Altman, E. (1983) Corporate Financial Distress. New York, NY: John Wiley & Sons
Altman, E., Suggitt, H.J. (2000) Default rates in the syndicated bank loan market: A mortality analysis. Journal of Banking and Finance, 24(1-2): 229-253
Altman, E., Sabato, G. (2005) Effects of the New Basel capital accord on bank capital requirements for SMEs. Journal of Financial Services Research, 28(1): 15-42
Altman, E., Danovi, A., Falini, A. (2013) Z-Score models' application to Italian companies subject to extraordinary administration. Journal of Applied Finance, 23(1): 128-137
Altman, E. (2018) A Fifty-Year Retrospective on Credit Risk Models, the Altman Z -Score Family of Models and their Applications to Financial Markets and Managerial Strategies. Journal of Credit Risk, 14(4): 1-34
Altman, E., Esentato, M., Sabato, G. (2018) Assessing the credit worthiness of Italian SMEs and mini-bond issuers. Global Finance Journal, 43(C)
Altman, E., Hartzell, J., Peck, M. (1995) A Scoring System for Emerging Market Corporate Bonds. New York, NY: Salomon Brothers High
Altman, E., Hotchkiss, E., Wang, W. (2019) Corporate Financial Distress, Restructuring, and Bankruptcy. New Jersey: John Wiley & Sons, Inc
Basel Committee on Banking Supervision (2006) International Convergence of Capital Measurement and Capital Standards. Retrieved Juni 24, 2020, from https:// www.bis.org/publ/bcbs128b.pdf
Behr, P., Güttler, A. (2007) Credit risk assessment and relationship lending: An empirical analysis of German small and medium-sized enterprises. Journal of Small Business Management, 45(2): 194-213
Cardone-Riportella, C., Trujilo-Ponce, A., Briozzo, A. (2011) What do Basel capital accords mean for SMEs?. Working Paper, 10, Department of Economics of the University Carlos III of Madrid Business Economic
Chieng, J.R. (2013) Verifying the Validity of Altman's Z Score as a Predictor of Bank Failures in the case of the Eurozone. Submitted to the National College of Ireland
Dănilă, O.M. (2013) Credit risk assessment under Basel accords. Theoretical and Applied Economics, 19(3): 77-90
Erić, D. (2003) Finansijska tržišta i instrumenti. Beograd: Čigoja štampa
Erić, D.D., Beraha, A., Đuričin, O.S., Kecman, Đ.N., Jakišić, B.B. (2012) Finansiranje malih i srednjih preduzeća u Srbiji. Beograd: Institut ekonomskih nauka - Privredna komora Srbije
Ernst & Young Global Limited (EY) (2019) EY Entrepreneurial Barometer. Retrieved Juli 7, 2020, from https://www.ey.com/ Publication/vwLUAssets/EY_Preduzetni%C4%8Dki_ barometar_2019/$File/EY%20Preduzetni%C4%8Dki% 20barometar% 202019.pdf
Fidrmuc, J., Hainz, C., Malesich, A. (2007) Default Rates in the Loan Market for SMEs. Discussion Papers in Economics, University of Munich, Department of Economics, https:// www.researchgate.net/publication/5164114_Default_Rates_ in_the_Loan_Market_for_SMEs
Hamilton, D., Cantor, R. (2006) Measuring Corporate Default Rates. Moody's Investors Service - Global Credit Research, Retrieved Juni, 24, 2020, from https://www.moodys.com/ sites/products/defaultresearch /2006200000425249.pdf
Hurlin, C., Leymarie, J., Patin, A. (2018) Loss functions for loss given default model comparison. European Journal of Operational Research, 268(1): 48-360
Mishkin, F.S., Eakins, S.G. (2006) Financial Markets and Institutions. Boston, M: Addison Wesley
National Bank of Serbia (NBS) (2020) Lista podobnih agencija za rejting. Retrieved Juli 7, 2020, from https://www.nbs.rs/ internet/latinica/55/55_5/ rejting_agencije.pdf
OECD (2020) Financing SMEs and Entrepreneurs 2020: An OECD Scoreboard. Paris: OECD Publishing, Retrieved Juli, 7, 2020, from https://doi.org/10.1787/061fe03d-en
Serbian Business Registers Agency (2010) Business Registers Agency. Retrieved Juli 3, 2020, from https://www.apr.gov.rs
Statistical Office of the Republic of Serbia (2020) Official Gazette of the Republic of Serbia, no. 54/2010
 

O članku

jezik rada: engleski
vrsta rada: pregledni članak
DOI: 10.5937/ekonhor2003263M
primljen: 28.09.2020.
prihvaćen: 18.12.2020.
objavljen onlajn: 25.12.2020.
objavljen u SCIndeksu: 29.12.2020.
Creative Commons License 4.0

Povezani članci

Srps arh celokup lekarstvo (2019)
Krivična odgovornost za medicinsku grešku u sudskoj praksi Srbije
Miletić Vladimir

Industrija (2017)
Uticaj potrošnje opasnih hemikalija na razvoj agroturizma u Srbiji
Matijašević-Obradović Jelena, i dr.

Trend poslovanju (2018)
Specifičnosti finansiranja proizvodnih malih i srednjih preduzeća
Ilić Đurđijana, i dr.

prikaži sve [22]