• citations in SCIndeks: 0
  • citations in CrossRef:0
  • citations in Google Scholar:[]
  • visits in previous 30 days:6
  • full-text downloads in 30 days:3


article: 10 from 15  
Back back to result list
2014, vol. 66, iss. 3, pp. 97-109
The impact of the global economic crisis on the economy of the Republic of Serbia
aUniversity of Defence, Military Academy, Belgrade
bBeogradska poslovna škola, Beograd
cGeneralštab VS, Rečna flotila
The global economic crisis has certainly had a significant negative impact on the economic situation in Serbia. However, it is wrong to relate all the financial difficulties of the Serbian economy to the global crisis, and an even greater mistake would be to hope that all its problems will be solved by the termination of the global economic crisis. Our economy is, we can say, in the decades-long decline. Its losses accumulated over the past seventeen years increased from 3.8 billion to 2,462 billion dinars, or 648 times. This paper aims to point out the bad financial and structural position of Serbian economy that constantly hampers the economic activity and causes the distortion of the companies' worth. Keeping this in mind, after the introductory discussion in the first section of this paper, we provide some elaboration on the interdependence of macroeconomic indicators and the performance of the economy. The second section presents macroeconomic environment in Serbia in the period of the analysis of the Serbian economy financial position. The third section highlights the fact that business losses and their accumulation affect the financial structure of the economy. The fourth and the fifth sections deal with the analysis of net working capital, which is an important tool for assessing the financial structure.
*** (2012) Saopštenje o poslovanju privrede u Republici Srbiji u 2012. godini. Beograd: Agencija za privredne registre
Booth, L., Aivazian, V., Demirguc-Kunt, A., Maksimović, V. (2001) Capital Structures in Developing Countries. Journal of Finance, 56(1): 87-130
Greuning, H., Brajovic-Bratanovic, S. (2009) Analiyzing Banking Risk. Washington, DC: The World Bank
Lukač, D. (2010) Specifični problemi procene vrednosti kapitala banaka. Poslovna politika, vol. 39, br. 3-4, str. 31-34
Malinić, D. (2013) Insufficiency of Serbian economy's operating performances: Manifestations, causes and main guidelines of recovery. Ekonomika preduzeća, vol. 61, br. 1-2, str. 41-62
Moore, C., Anderson, L., Jaedicke, R. (1988) Managerial Accounting. Cincinnati, Ohio: South-Western Publishing Co
Rajan, R.G., Zingales, L. (1995) What Do We Know about Capital Structure? Some Evidence from International Data. Journal of Finance, 50(5): 1421-1460
Ranković, J.M. (2004) Kako se menjao rentabilitetni i finansijski položaj privrede Srbije u 2003. godini?. Ekonomika preduzeća, vol. 52, br. 3-4, str. 79-84
Reilly, F., Brown, K. (2003) Investment analysis and portfolio management. Mason: Thomson, pp. 419-424
Stevanović, N., Malinić, D., Milićević, V. (2009) Upravljačko računovodstvo. Beograd: Ekonomski fakultet


article language: Serbian
document type: unclassified
DOI: 10.5937/vojdelo1403097a
published in SCIndeks: 20/03/2015