Metrics

  • citations in SCIndeks: 0
  • citations in CrossRef:0
  • citations in Google Scholar:[]
  • visits in previous 30 days:2
  • full-text downloads in 30 days:2

Contents

article: 7 from 13  
Back back to result list
2016, vol. 64, iss. 5-6, pp. 347-360
Validity of investment loan approval model for SMEs in Serbia
aUniversity Singidunum, Faculty of Economics, Finance and Administration - FEFA, Belgrade
bUniversity Singidunum, Faculty of Economics, Finance and Administration - FEFA, Belgrade + Ministry of Trade, Tourism and Telecommunications
cUniversity Singidunum, Faculty of Tourism and Hospitality Management, Belgrade
Project:
Advancing Serbia's Competitiveness in the Process of EU Accession (MESTD - 47028)

Abstract
Small and medium enterprises (SMEs) are the main drivers of economic development. The SMEs invest funds in new products, new technologies, as well as in new markets. Finally, their aim is to increase the overall value of the company, i.e. to obtain profit for the shareholder. The subject of this research paper is an objective analysis of the validity of the investment loan approval model for the SMEs (ILASME) used by the commercial banks when considering whether to support financially an investment need of an SME client. The aim of this paper is to indicate the possibilities of improving the validity of the ILASME from the standpoint of validity for decision-making in this domain. The basic hypothesis of the research is that there is an objective doubt regarding the validity of the ILASME applied by the commercial banks in Serbia. By applying the Pearson correlation coefficient, the effect of the applied ILASME on the commercial banks' performance shall be quantified, i.e. the impact of non­performing loans (NPLs) on the financial result and the equity of the bank shall be determined. Furthermore, it can be concluded that final success of the implemented ILASME depends on the adopted and accepted risk management procedures, which are the subject of permanent monitoring and improvement, as well as on the qualitative factors on the borrower and lender side. Moreover, permanent monitoring of market trends and improvement of credit risk management procedures are relevant.
References
*** (2006-2011) Law on accounting and auditing. Official Gazette of the Republic of Serbia, No. 46/2006, 111/2009, 99/2011
*** (2008) Group real estate policy: Investment. Vienna: Erste Group Bank AG, Erste Group
ACFE (2014) Report to the nations on occupational fraud and abuse. Retrieved from http://www.acfe.com/rttn/docs/2014-report-to-nations.pdf
Avlijaš, G., Avlijaš, R., Heleta, M. (2014) Financial literacy as a factor in reducing entrepreneurial risk. in: Stanišić M. [ed.] Financial reporting function of the corporate governance, Symposium conducted at the Singidunum University, December, Belgrade
Barać, S., Ivaniš, M., Jeremić, Lj. (2004) Upravljanje finansijama. Beograd: Univerzitet Singidunum, Fakultet za finansijski menadžment i osiguranje
Barjaktarović, L., Milojević, M., Terzić, I. (2014) Results of appliance of Benfords law on Serbian companies. in: Barjaktarović-Rakočević S. [ed.] SymOrg. Symposium conducted at the Faculty of Organizational Sciences, Zlatibor, June
Barjaktarović, L. (2013) Upravljanje rizikom. Beograd: Univerzitet Singidunum
Barjaktarović, L., Ječmenica, D. (2011) Osvrt na implementaciju standarda Bazela II u poslovanje bankarskog sektora Srbije. Management - časopis za teoriju i praksu menadžmenta, vol. 16, br. 59, str. 71-77
Barjaktarović, L. (2009) Transformacija domaće banke u savremenu evropsku banku. Beograd: Univerzitet Singidunum
Barjaktarović, L., Pindžo, R., Hanić, A. (2016) Critical analysis of realibility of the model of investment credit approval in agriculture and food processing industry. Ekonomika poljoprivrede, vol. 63, br. 3, str. 751-765
Barjaktarović, L., Pindžo, R., Vjetrov, A. (2015) Project financingin the case of residential construction in Belgrade. Ekonomika preduzeća, vol. 63, br. 5-6, str. 323-336
Belak, V. (2011) Poslovna forenzika i forenzičko računovodstvo: Borba protiv prijevare. Zagreb: Belake Excellens
Bodie, Z., Kane, A., Marcus, A.J. (2008) Investments. New York, itd: McGraw Hill
Brealey, M. (2007) Principles of corporate finance. McGraw Hill, Seventh Edition
Bugarčić, U. (2015) Fraud detection in companies. in: Stanišić M. [ed.] Contemporary financial management, Symposium conducted at the Singidunum University, December, Belgrade
Čerović, S., Barjaktarović, L., Milojević, M. (2015) Increased country risk had impact on regulatory of financial reports of companies: Serbian case. in: Dinu V. [ed.] New trends in sustainable business and consumption: Symposium conducted at the Bucharest University of Economic Studies, Romania, Bucharest, June
Đuričin, D., Lončar, D. (2007) Menadžment pomoću projekata. Beograd: Ekonomski fakultet
Erste bank Novi Sad (2007-2015) Annual reports and disclosure of data and information (3rd Pillar of Basel II) of Erste Bank a.d. Novi Sad for the period from 2007 to 2015. Retrieved from http://www.erstebank.rs/rs/Downloads/76fcd63a. /Pillar_3_NBS_20151231_eng.pdf
European Commission (2010) Europe 2020: A strategy for smart, sustainable and inclusive growth. Retrieved from http://ec.europa.eu/eu2020/pdf/COMPLET%20EN%20BARR0S0%20%20%20007%20-%20Europe%202020%20-%20EN%20version.pdf
European Commission (2003) Commission recommendation 2003/361/EC of 6 May 2003. Official Journal, L124 of05/20/2003. Retrieved from http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=URISERV:n26026
Graham, J.R., Harvey, C.R. (2001) The theory and practice of corporate finance: evidence from the field. Journal of Financial Economics, 60(2-3): 187-243
Hopwood, W., Leiner, J., Young, G. (2012) Forensic accounting and fraud examination. New York: McGraw Hill Irwin, 2nd edition
Jovanović, P. (2000) Upravljanje investicijama. Beograd: Grafoslog
Jovin, S. (2016) Mogućnosti unapređenja finansiranja malih preduzeća u Srbiji. , doktorska disertacija
Knežević, S., Barjaktarović-Rakočević, S., Đurić, D. (2011) Primena i ograničenja racio analize finansijskih izveštaja u poslovnom odlučivanju. Management - časopis za teoriju i praksu menadžmenta, vol. 16, br. 61, str. 25-31
Lončar, D., Barjaktarović, L., Pindžo, R. (2015) Analiza isplativosti investicionih projekata. Beograd: Ekonomski institut
Ministarstvo privrede Republike Srbije (2016) Info privreda - Mala i srednja preduzeća. Retrived from http://www.privreda.gov.rs/mala-i-srednja-preduzeca-2
Mirdala, R., Mizdraković, V., Arežina, N., Stefanović, D. (2014) Creative accounting: from creativity to misuse. in: Stanišić M. [ed.] Financial reporting function of the corporate governance, Symposium conducted at the Singidunum University, December, Belgrade
Palepu, K.G., Healy, P.M., Bernard, V.L. (2003) Business analysis and valuation: Using financial statements, text and cases. New York: McGraw Hill
Sikimić, U. (2016) Analiza faktora migracije regularnih kreditnih plasmana u poslovnim bankama Republike Srbije. Beograd: Beogradska bankarska akademija, doktorska disertacija
Stanišić, M., Petrović, Z., Vićentijević, K. (2015) Research irregularities in the calculation of depreciation of fixed assets in the Republic of Serbia. in: Stanišić M. [ed.] Contemporary financial management, Symposium conducted at the Singidunum University, December, Belgrade
Vasilski, A. (2014) Osnov za sastavljanje izveštaja o novčanim tokovima. Mokra Gora: Mokrogorska škola menadžmenta
Vasilski, A. (2016) Naplata potraživanja iz perspektive poverioca u vremenu krize. Retrieved from http://www.fefa.edu.rs/files/pdf/Studije_Istrazivanja/Naplata_potrazivanja_iz_perspektive_poverioca_u_vremenu_ekonomske_krize.pdf
Vesković, N. (2014) Aspects of entrepreneurial risk. in: Stanišić M. [ed.] Financial reporting function of the corporate governance, Symposium conducted at the Singidunum University, December, Belgrade
Vićentijević, K., Jović, Z., Petrović, Z. (2015) The impact of impairment of receivables on the reality of financial reporting in the Republic of Serbia. in: Stanišić M. [ed.] Contemporary financial management, Symposium conducted at the Singidunum University, December, Belgrade
Vukadinović, P., Jović, Z. (2012) Investicije. Beograd: Univerzitet Singidunum
 

About

article language: English
document type: Original Scientific Paper
DOI: 10.5937/ekopre1606347B
published in SCIndeks: 21/01/2017

Related records

No related records