Limitations and opportunities for funding agriculture and rural development in the Republic of Serbia

Ristić, Lela; Todorović, Violeta; Jakšić, Milena

doi:10.5937/ekopolj1803123r

Cited by 2 publications

(2 citation statements)

References 7 publications

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“…As external limitations on which single farms has generally minimal impact could be seen unfavorable business ambient for majority of farms that inhibits their productivity and profitability, insufficiently developed input, assets and capital market that do not follow the common needs of farms, presence but not sufficient public support related to investments, employment, taxes or legislation linked to farms, lack of suitable and reliable physical and social infrastructure in rural areas, etc. (Ristić et al, 2018;Jelocnik et al, 2021). Strengthening the farm competitiveness and keeping up its sustainability could be done through the any form of inter-farm cooperation, as are forming of agricultural associations, cooperative, or clusters (Paraušić et al, 2007).…”

Section: Literature Reviewmentioning

confidence: 99%

Economic Effects of Public Support in Promotion of Cooperatives in Serbia

SUBIĆ¹,

Jeločnik²

2022

Proceedings of the International Conference Competitiveness of Agro-Food and Environmental Economy

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Agricultural cooperatives are excellent tool for strengthening the competitiveness of overall agriculture and individual farms. In previous period there are significant state support allocated to affirmation and development of reasonable entrepreneurial initiatives related to agricultural cooperatives. Even more are valued the sustainable business ideas that have initiated organization of processing at the cooperative level. The main goal of paper is to present the part of mechanism for assessing the economic effectiveness of planed investment in medicinal plants production and processing at selected agricultural cooperative that will be granted from public fund. Investment project suppose the modernization and purchase of missing production elements that will boost the production results of observed cooperative active in sector of medicinal plants. To perceive if or how much the investment is internally/externally economically welcomed, it will be conducted the investment analysis based on use of common static methods. Besides the strengthening of cooperative economic sustainability, both sides, i.e. policy maker and agricultural cooperative, are expecting that realization of investment will surely has certain ecological and social impact to cooperative and local community. Gained results of investment analysis show that supporting the investment in medicinal plant production and processing could be a win-win combination for observed cooperative and local community it belongs.

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Section: Literature Reviewmentioning

confidence: 99%

Economic Effects of Public Support in Promotion of Cooperatives in Serbia

SUBIĆ¹,

Jeločnik²

2022

Proceedings of the International Conference Competitiveness of Agro-Food and Environmental Economy

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“…In addition, Stanojević et al [10] emphasize the need to improve the technological equipment of agricultural enterprises, increase the level of technological efficiency, and retrain employees to increase production. One of the challenges faced by agricultural enterprises is the insufficient availability of financial resources [11], in addition to the inadequacy of the financial system as regards the needs of these enterprises [12].…”

Section: Introductionmentioning

confidence: 99%

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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Limitations and opportunities for funding agriculture and rural development in the Republic of Serbia

Cited by 2 publications

References 7 publications

Economic Effects of Public Support in Promotion of Cooperatives in Serbia

Economic Effects of Public Support in Promotion of Cooperatives in Serbia

Bankruptcy Risk Prediction in Ensuring the Sustainable Operation of Agriculture Companies

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