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Analiza veze između dobitka i prinosa na tržištu kapitala u Srbiji
aUniverzitet u Kragujevcu, Ekonomski fakultet
bFiat Services d.o.o., Kragujevac

e-adresamcupic@kg.ac.rs
Ključne reči: računovodstveni dobitak; tržišni prinos; računovodstvena praksa; tržište kapitala
Sažetak
Veza između dobitka i prinosa je bila predmet brojnih studija nakon objavljivanja prve studije ovog odnosa koju su sproveli Bol i Braun (Ball and Brown) 1968. Ove studije su relativno retke u tranzicionim ekonomijama zbog posebnosti ekonomskog okruženja i nerazvijenosti tržišta kapitala. Uprkos razlikama u računovodstvenoj praksi i stepenu razvijenosti tržišta kapitala, empirijska istraživanja uglavnom ukazuju na postojanje značajne i pozitivne veze između računovodstvenog dobitka i tržišnih prinosa, kako u razvijenim, tako i u tranzicionim ekonomijama. Ipak, ove studije ukazuju na niži stepen uticaja dobitka na tržišne prinose u tranzicionim zemljama. Ovo može biti usled slabe efikasnosti tržišta kapitala, orijentisanosti finansijskog sistema na banke, evropsko- kontinentalnog pravnog sistema i slabe blagovremenosti računovodstvenih informacija u tranzicionim ekonomijama. Cilj ovog rada je da istraži mogući uticaj računovodstvene prakse i regulatornog okvira, kao i stepena razvijenosti tržišta kapitala na prirodu i jačinu veze između računovodstvenog dobitka i tržišnih prinosa na tržištu kapitala u Srbiji.
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jezik rada: engleski
vrsta rada: pregledni članak
objavljen u SCIndeksu: 07.11.2013.

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