COVID-19 and profitability of hotel companies in the Republic of Serbia

Knežević, Snežana; Milašinović, Marko; Džafić, Goran; Obradović, Tijana

doi:10.5937/bizinfo2202065k

Cited by 4 publications

(3 citation statements)

References 20 publications

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“…Limited space for people to move causes demand for hotel services to decline, which then reduces company revenues and profits. This is in line with research Indraswono et al (2022), Natalia (2022), Indiraswati & Rahmayanti (2022, Yulianingtiyas (2022), Nguyen (2022), Rachmawati et al, (2021), Knežević et al (2022), Zainol & Salleh (2021). B.…”

Section: Price Earning Ratio (Per)supporting

confidence: 89%

Comparative Analysis Of Financial Performance Of Transportation And Hospitality Sector Companies Before And During The Covid-19 Pandemic Publication Text

Haruya

2023

IJSSR

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This study aims to look at differences in the financial performance of companies in the transportation and hotel sectors before and during the Covid-19 pandemic in Indonesia. This research is a quantitative study using a sample of 35 companies in the transportation and hotel sector listed on the Indonesia Stock Exchange. The data used is secondary data obtained from annual reports for the period 2018-2019 before the Covid-19 pandemic and 2020-2021 when the Covid-19 pandemic occurred. The analytical method used is a differential test using the Wilcoxon Signed Rank Test on the ROA, CR, DER, and PER variables. The results of this research show that there is a significant difference in the ROA and CR variables, where the ROA and CR values before the Covid-19 pandemic were higher than during the Covid-19 pandemic, while the value of the DER variable before the Covid-19 pandemic was not lower than during the Covid-19 pandemic period and the PER value before the Covid-19 pandemic was not higher than during the Covid-19 pandemic period in Indonesia.

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Section: Price Earning Ratio (Per)supporting

confidence: 89%

Comparative Analysis Of Financial Performance Of Transportation And Hospitality Sector Companies Before And During The Covid-19 Pandemic Publication Text

Haruya

2023

IJSSR

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“…In a large number of previous research works [9,44,63,73,74,85,86], the profitability of banks was measured by ROA and ROE. For the purposes of this research, ROA is defined as the ratio of net results and the value of total operating assets [103]. The value of ROE was determined in this research as the ratio of the net results and the value of the bank's own capital [103].…”

Section: Methodology and Datamentioning

confidence: 99%

“…For the purposes of this research, ROA is defined as the ratio of net results and the value of total operating assets [103]. The value of ROE was determined in this research as the ratio of the net results and the value of the bank's own capital [103].…”

Section: Methodology and Datamentioning

confidence: 99%

Board Gender Diversity and Banks Profitability for Business Viability: Evidence from Serbia

Milojević¹,

Milašinović

Mitrović

et al. 2023

Sustainability

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As an important topic in the field of corporate governance, the influence of the board of directors’ characteristics on the profitability of corporations is examined here. This paper examines the influence of the board of directors’ and chief executive officers’ (CEO) characteristics on the profitability of banks in Serbia. In this study, the characteristics of boards of directors were examined in terms of size and the participation of women, and the characteristics of CEOs were examined similarly in terms of women’s participation. The research was conducted on a sample of 23 commercial banks from Serbia in the period from 2017 to 2021. Profitability was measured by the rate of return on operating assets (ROA) and the rate of return on equity (ROE). The results of the panel regression analysis indicate that the size of the board of directors had a positive impact on bank profitability during the COVID-19 pandemic period, while this impact was not statistically significant before the pandemic. The participation of women on the board of directors did not have a statistically significant impact on bank profitability before or during the COVID-19 pandemic. It has been found that the participation of women as CEOs had a negative impact on bank profitability before and during the COVID-19 pandemic.

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Is there a relationship between debt and profitability?: Evidence from dairy industry in Serbia

Milošev

2023

Bizinfo

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This paper analyzes if there is a relationship between debt and profitability in the dairy sector in Serbia. The research analyzed the period from 2017 to 2021, on a sample of all 16 large and medium dairy companies. Large and medium companies cover around 90% of total dairy production in Serbia. The Generalized Method of Moments (G.M.M.) is used to analyze the effect of debt indicator DR on the profitability ROA. Analyzed is if there is a linear relationship between two indicators and then a nonlinear one. Results showed that there is a linear and negative impact of debt indicators on the profitability of the observed dairy firms. Results showed that the nonlinear relationship is not statistically significant. Both models show the positive impact of company size and growth potential on profitability, while tangibility and inflation do not have a significant impact.

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COVID-19 and profitability of hotel companies in the Republic of Serbia

Cited by 4 publications

References 20 publications

Comparative Analysis Of Financial Performance Of Transportation And Hospitality Sector Companies Before And During The Covid-19 Pandemic Publication Text

Comparative Analysis Of Financial Performance Of Transportation And Hospitality Sector Companies Before And During The Covid-19 Pandemic Publication Text

Board Gender Diversity and Banks Profitability for Business Viability: Evidence from Serbia

Is there a relationship between debt and profitability?: Evidence from dairy industry in Serbia

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