Tourism has recorded a favorable development trend in the previous decades. Despite the fact that it was occassionaly exposed to adverse effects of the crises caused by numerous economic and non-economic factors, tourism has managed to recover significantly faster and record a higher growth rate compared to the entire world economy. This paper analyses the effects of the economic crisis and other non-economic factors on tourist movements in Serbia during the period 2007-2014, with special emphasis on Zlatibor as a popular tourism destination. The aim of this paper is to show that the aforementioned crisis had a major impact on the movements of domestic and foreign tourists in Serbia and Zlatibor during the analyzed period. Based on the available data, research was conducted and the results showed that the economic factors primarily led to the reduction in the number of tourists in Serbia, while the economic crisis had more impact on domestic travel than on the movements of foreign tourists in our country.
SažetakMala i srednja preduzeća (MSP) su glavni nosioci ekonomskog razvoja. MSP investiraju sredstva u nove proizvode, nove tehnologije i osvajanje novih tržišta. Njihov krajnji cilj je da povećaju vrednost kompanije, odnosno, da obezbede profit za vlasnika. Predmet ovog istraživanja jeste objektivna analiza validnosti modela za odobrenje investicionog kredita malim i srednjim preduzećima (ILASME) koji najčešće koriste poslovne banke kada razmatraju da li će finansijski da podrže investicionu potrebu MSP klijenta. Cilj ovog rada je da ukaže na mogućnosti za unapređenje ILASME u domenu objektivnog donošenja odluke. Osnovna hipoteza istraživanja je da postoji sumnja u validnost/pouzdanost ILASME koji koriste poslovne banke u Srbiji. Primenom Pirsonovog koeficijenta korelacije će biti kvantifikovan stepen međusobne povezanosti ILASME i poslovnih performansi banke, odnosno indikatora kvaliteta aktive, poslovnog rezultata i kapitala. To će dalje uputiti na zaključak da uspešnost primene ILASME zavisi od usvojenih i primenjenih risk menadžment procedura, koje su predmet stalnog praćenja i unapređenja, uvažavajući kvalitativne karakteristike kreditora i korisnika kredita. I na kraju, proaktivno praćenje tržišnih trendova i fleksibilno unapređenje kreditnih procedura za upravljanje rizikom od presudnog je značaja. Ključne reči: MSP, investicije, analiza klijenata, analiza transakcija, novčani tokovi, risk menadžment AbstractSmall 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.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.