Profitability Analysis of Meat Industry in Serbia

Mijić, Kristina; Zekić, Stanislav; Jakšić, Dejan

doi:10.22190/fueo1604379m

Cited by 7 publications

(10 citation statements)

References 3 publications

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“…This means that bigger quoted firms having a higher liquidity ratio perform better. This finding for big firms is in line with the findings of Nunes and Serrasqueiro (2015) for Portugal, Mijić et al (2016) for Serbia, Bhayani (2010) for India, and Goddard et al (2005) for Belgium, Spain, Italy, France.…”

Section: Resultssupporting

confidence: 89%

“…In other words, firms having higher level of leverage in both full sample and sub-samples perform worse in terms of profitability. This finding that the leverage is negatively and significantly associated with profitability parallels the findings of Majumdar (1997) for India; Andres (2008) for Germany; Asimakopoulos et al (2009) for Greece; Nunes et al (2009) for Portugal;Pattitoni et al (2014) for the EU-15 countries, Pervan and Mlikota (2013) for Croatia; Miralles-Marcelo et al (2014) for Portugal and Spain; Poutziouris et al (2015) for UK; and Mijić et al (2016) for Serbia; among others.…”

Section: Resultssupporting

confidence: 82%

“…The link between growth opportunities and profitability is, however, statistically insignificant in each regressions. The influence of growth on profitability is found to be significant and positive in previous studies such as Mijić et al (2016), Poutziouris et al (2015) and Miralles-Marcelo et al (2014).…”

Section: Resultsmentioning

confidence: 54%

“…Third, on account of the fact that the selected time span, from 2005 to 2012, contains the latest global financial crisis, the effect of this crisis on profitability of real sector firms in Turkey is also analyzed through a crisis dummy variable. Estimation results from the traditional panel data models i.e., the pooled-OLS seem to imply that, on the whole, profitability measured by return on assets (ROA) of Between the years 2011-2015, Mijić et al (2016) study the profitability determinants of 12 firms operating meat industry in Serbia using random effect estimator. The results of the estimated models imply that higher liquidity level and growth rate of sales are positively correlated with profitability level.…”

Section: Introductionmentioning

confidence: 99%

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Determinants of Profitability: Evidence from Real Sector Firms Listed in Borsa Istanbul

Işık¹

2017

berj

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Section: Resultssupporting

confidence: 89%

Section: Resultssupporting

confidence: 82%

Section: Resultsmentioning

confidence: 54%

Section: Introductionmentioning

confidence: 99%

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Determinants of Profitability: Evidence from Real Sector Firms Listed in Borsa Istanbul

Işık¹

2017

berj

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“…The field of agriculture and the continuity and stability of agricultural production have an immeasurable relevance on the development of the entire economy (Pjanić et al 2018). Mijić et al (2016) emphasize the agro-economy sector as the bearer of economic development in Serbia. The specificity of business in the agricultural sector is reflected in the seasonal character of activity, the slow capital turnover and high production costs (Jakšić et al 2011).…”

Section: Introduction -Theoretical Backgroundmentioning

confidence: 99%

Analysis of Variations in Profitability and Indebtedness of Agricultural Companies in Ap Vojvodina

2019

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The measurement of agricultural companies in terms of profitability and indebtedness enables a real determination of role and position of these companies in the agricultural sector in AP Vojvodina. The aim of the paper is to show the presence or absence of significant difference in the performance level of agricultural companies from the aspect of profitability and indebtedness. Agricultural companies in AP Vojvodina were more profitable and more indebted in the period before 2013 compared to the period after 2013. The results show that there is a significant difference in profitability level of agricultural companies in AP Vojvodina between the period 2013 and after 2013. Using MANOVA test, it is identified a significance for return on assets (ROA), return on equity (ROE) and net income per employee. On the other hand, results reflect there is no significant difference in indebtedness level of agricultural companies in AP Vojvodina between the period before 2013 and after 2013.

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The determinants of profitability in non-financial UK SMEs

Youssef¹,

Salloum²,

Sayah³

2022

EBR

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Purpose The purpose of this study is to examine determinants of profitability of non-financial firms listed small- and medium-sized enterprises (SMEs) in the UK from 2012 till 2020. It has been argued that profitability plays a key role in economic development and growth. Despite the important role that SMEs play in developed economies like UK, academic research into SMEs profitability determinants in developed countries is not extensive. Design/methodology/approach The methodologies used include dynamic panel data estimation techniques. Relationship of nine independent variables with profitability was examined. Two models are created using return on assets (ROA) and return on equity (ROE) as dependent variables. Size, age, efficiency, working capital, liquidity, leverage and volatility of the firm represent firm-specific independent variables. Two macroeconomic variables, namely, gross domestic product and inflation are also used as independent variables. Data obtained from Thomson Reuters Data Stream for 93 listed SMEs companies in the UK from 2012 to 2020. Fixed effects, random effects and generalized method of moments were used in data analysis. Findings All variables showed significant influence on profitability, except liquidity reflecting insignificant impact on profitability in two regression models conducted for 93 firms under study. Efficiency, liquidity and leverage are the only three independent variables with similar impact on both ROA and ROE. Practical implications Identifying determinants of profitability will help stakeholders and corporate executive make sound decisions to ensure sustainability and stability at the firm level. This is particularly important given the key role played by SMEs in economic development and growth. The findings of this study would help direct financial management practices to ensure a favorable sustainable organizational performance. Originality/value This study differs from previous studies that focused mainly on developing countries; with limited research conducted on profitability of SMEs in developed economies. To the best of the author’s knowledge, this is the first study to examine factors influencing profitability of SMEs in UK. Previous studies concentrated on service sector like insurance and hotel firms.

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Profitability Analysis of Meat Industry in Serbia

Abstract: Abstract. In this paper, profitability analysis of meat processing industry in Serbia was

Cited by 7 publications

References 3 publications

Determinants of Profitability: Evidence from Real Sector Firms Listed in Borsa Istanbul

Determinants of Profitability: Evidence from Real Sector Firms Listed in Borsa Istanbul

Analysis of Variations in Profitability and Indebtedness of Agricultural Companies in Ap Vojvodina

The determinants of profitability in non-financial UK SMEs

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