Export of agricultural and food products in the function of economic growth of Republic of Serbia

Djurić, Dejan; Ristić, Jelena; Djuric, Dragana; Vujanić, Ivana

doi:10.5937/ekopolj1703887d

Cited by 10 publications

(4 citation statements)

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“…The indicators that show the areas of manipulation are expressed by the following formula for the M-score [75]: M(5)score = −6.056 + 0.823DSRI + 0.906GMI + 0.593AQI + 0.717SGI + 0.107DEPI (4) M(8)score = −4.840 + 0.920DSRI + 0.528GMI + 0.404AQI + 0.892SGI + 0.115DEPI − 0.172SGAI − 0.327LVGI + 4.697TATA (5) The calculation of indicators is shown in Table 1. If the value of the Beneish M-score model is greater than −2.22, this indicates that fraud has occurred in the financial statements.…”

Section: Predicting Bankruptcy Using Altman's Z-score Model and Determining The Possibility Of Fraudulent Financial Reporting Using The Bmentioning

confidence: 99%

“…In the Republic of Serbia, agriculture has economic, political, and social significance [2,3], and its share in gross domestic product (GDP) during 2019 was 6% [4]. In addition, agriculture employment as a share of the total number of employees in the Republic of Serbia is still significant, and the combination of the agriculture and food industries constitutes a significant share of the Republic of Serbia's export structure [5]. As a result of these factors, agriculture, in conjunction with the food industry (as its accompanying activity), represents a strategic economic branch in the Republic of Serbia [6].…”

Section: Introductionmentioning

confidence: 99%

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Bankruptcy Risk Prediction in Ensuring the Sustainable Operation of Agriculture Companies

et al. 2021

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In recent decades, predicting company bankruptcies and financial troubles has become a major concern for various stakeholders. Furthermore, because financially sustainable businesses are affected by numerous highly complex factors, both internal and external, the situation is even more complex. This paper applies Altman’s Z-score models; more precisely, the paper applies the initial Z-score model (a model for manufacturing companies), the Z′-score model (for companies operating in emerging markets), and the Z-score bankruptcy probability calculation. Therefore, this paper offers the results of the application of different Z-score models and the calculation of bankruptcy probability on a sample of agricultural companies listed on the Belgrade Stock Exchange in the period 2015–2019. In addition, different Z-score models are used for the same sample so that the difference between their results and application can be determined. In addition, the validity of the data published in the financial statements of the respective companies was confirmed using the Beneish M-score model with five and eight variables. The results obtained by applying Altman’s Z-score model (initial and adapted to emerging markets) indicate that a certain number of companies had impaired financial stability during the observed period, i.e., that they were in danger of bankruptcy. In addition, based on the results obtained using the Beneish M-score model, it was identified that a number of companies showed signals that indicate possible fraudulent financial reporting. Further, it was found that less than half of the observed companies reported on environmental protection in their annual reports, and they did so by providing a modest amount of information. The originality and value of the paper lies in suggesting that policymakers in the Serbian emerging markets should pay more attention to the operations of companies from the observed sector, as well as to their financial and non-financial reporting. Future research should focus on comparisons with agricultural companies from the same sector whose securities are listed on stock exchanges in the region.

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Section: Predicting Bankruptcy Using Altman's Z-score Model and Determining The Possibility Of Fraudulent Financial Reporting Using The Bmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Bankruptcy Risk Prediction in Ensuring the Sustainable Operation of Agriculture Companies

et al. 2021

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“…However, from an economic point of view, it would be more profitable to process the wheat into a range of final products (Djuric et al, 2017) and export it in this form to the international market. By wheat processing, the value of the basic raw material, the degree of utilization of processing capacities, and the employment are increased, a rich range of products is created and produced in accordance with demand and consequently, and a greater value is achieved, which has a positive impact on the production and processing economy.…”

Section: Production and Consumption Of Wheat In The Republic Of Serbiamentioning

confidence: 99%

“…Although the export of agricultural and food products has a significant share in the export structure of the Republic of Serbia, its competitiveness is at a low level, and the increase in competitiveness and the degree of processing of agricultural and food products is considered key factors for dynamizing production and trade flows (Djuric et al, 2017).…”

Section: Impact Of Factors On Wheat Exportsmentioning

confidence: 99%

The impact of relevant factors on wheat supply and demand in the Republic of Serbia

Ignjatijević¹,

Čavlin²,

Jahić³

2018

Ekonomika poljoprivrede

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Organic agricultural production in the function of sustainable development of the municipality of Štrpce

Mladenović¹,

Bojičić²

2020

Ekonomski pogledi

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Due to favourable natural conditions, the inhabitants of the municipality of Štrpce were engaged in agriculture, livestock breeding and fruit growing for decades. Although to a lesser extent, interest in agriculture is still present today, with slight variations in the type of crops being grown. In recent years, there has been an expansion of raspberry growing and beekeeping, segments that have proven to be extremely profitable. The aim of this paper is to highlight the importance of agriculture in the overall sustainable economic development of the municipality of Štrpce and inhabitants individually. Based on the field research, the authors will suggest improvement of this industry, especially in the field of organic production. If the predictions are true, this will be crucial for the existence and well-being of people in this region.

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Export of agricultural and food products in the function of economic growth of Republic of Serbia

Abstract: Summary

Cited by 10 publications

References 0 publications

Bankruptcy Risk Prediction in Ensuring the Sustainable Operation of Agriculture Companies

Bankruptcy Risk Prediction in Ensuring the Sustainable Operation of Agriculture Companies

The impact of relevant factors on wheat supply and demand in the Republic of Serbia

Organic agricultural production in the function of sustainable development of the municipality of Štrpce

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