The Analysis of Capital Budgeting Techniques Implemented by Small and Medium-Sized Enterprises in Serbia

Barjaktarović, Lidija; Pindžo, Renata; Đulić, Katarina; Vjetrov, Ana

doi:10.15308/finiz-2015-4-8

Cited by 6 publications

(4 citation statements)

References 3 publications

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“…If we look at the definition of investment and development policy concerning the OS of the company, the results are shown inTable 1. Those results are in line with research findings of Petković et al (2019) andBarjaktarović et al (2015). It can be noticed that all MO answered often, while majority FO and DPO said always.…”

supporting

confidence: 93%

How the type of ownership affects capital budgeting practice in the Serbian agribusiness industry?

Barjaktarović

Pindžo²,

Konjikušić³

2020

Ekonomika poljoprivrede

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The subject of the research is capital budgeting practices in Serbian agribusiness companies. The research aim is to determine whether there are differences in decision-making regarding capital budgeting depending on the ownership structure in those industries. The research was conducted in the first half of 2019, on a sample of 76 companies (from 122 targeted/i.e. 62.33% respondent rate) operating in the Republic of Serbia. Descriptive statistics and the Kruskal-Wallis test were used in the data analysis. IBM SPSS 20.0 statistical package was used for data processing. Research results confirmed that capital budgeting practices in the Serbian agribusiness companies can be considered as developed. Furthermore, there is a difference in the capital budgeting practices in the Republic of Serbia depending on the ownership of the analyzed sampled companies.

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supporting

confidence: 93%

How the type of ownership affects capital budgeting practice in the Serbian agribusiness industry?

Barjaktarović

Pindžo²,

Konjikušić³

2020

Ekonomika poljoprivrede

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“…While Liljeblom and Vaihekoski (2004) in Finland as well as Daunfeldt and Hartwig (2014) in Sweden surveyed only managers of publicly listed companies, the survey conducted in Serbia by Barjaktarović, Pindžo, Đulić and Vjetov (2015) focused especially on SMEsout of 30 surveyed entities, 13 were even classified as micro enterprises, 8 were small enterprises and the remaining ones were medium-sized.…”

Section: Literature Reviewmentioning

confidence: 99%

Investment Appraisal Practice in the European Union Countries

Pawlak¹,

Zarzecki²

2020

ERSJ

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Purpose: The goal of the paper was to perform a literature study, to determine the state of the theory and practice of investment valuation in the countries of the European Union which should be the starting point for further research. Design/Methodology/Approach: In this paper, an analysis of literature sources was carried out about assessing the effectiveness of investments in European Union countries. The conducted review and description of the found scientific sources is aimed at determining the current state of investment valuation practice, a description of the research carried out so far, which will allow us to determine the starting point for a new study. Findings: During preliminary research found it profoundly surprising that despite the huge potential impact of better capital allocation, there are two main problems regarding investment appraisal practices in European companies. First and foremost, a large part of even the largest European corporations do not use advanced investment appraisal techniques or apply them only to a limited extent. Secondly, yet there has not been a research into practical applications of investment appraisal methodologies that would cover the entire Single Market, i.e., the European Economic Area and Switzerland. Practical Implications: Obtained conclusions allowed us to recommend a study of the relationship between investment appraisal practice and company performance for all the countries of the European Single Market. Originality/value: Further research should identify the differences regarding the use of investment appraisal methods between countries as well as sectors. It is expected that the conclusions from projected future research will considerably broaden the knowledge about a particularly important area of corporate activitymaking decisions regarding resource allocation.

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“…Penelitian Hasan (2013), Ahmed (2013), dan Barjaktarovic et al (2015) mengungkapkan bahwa payback period merupakan teknik penganggaran modal yang paling banyak dan sering digunakan UMKM. Payback period lebih disukai karena penerapannya yang lebih sederhana dan juga tidak memerlukan pakar dalam bidang keuangan (Hasan 2013).…”

Section: Pendahuluanunclassified

Faktor-Faktor yang Memengaruhi Penerapan Payback Period sebagai Teknik Penganggaran Modal pada UMKM di Kota Bogor

Nurfitriani¹,

Suryawati²

2018

JMO

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Micro, Small, and Medium Entreprises (MSMEs) are found to still have weak management and internal control system (Campbell and Hartcher 2013). The weak management system among others is in terms of decision-making related to the purchase of fixed assets in th business (Hidayah dan Ningsih 2015). So, MSMEs are difficult to apply capital budgeting techniques, including the simplest techniques which is payback period (Hasan 2013). The purpose of this study are to analyze the application of payback period as capital budgeting techniques in Bogor City MSMEs and to analyze factors that affecting it. Data analysis used in this research is logistic regression analysis. The result of this research shows that factors affecting the implementation of payback period in Bogor City MSMEs are small and medium business size, food and beverage business sector, and owner’s education level above high school, while business ownership, education level equal to high school, and trade business sector doesn’t affecting the implementation of payback period in Bogor City MSMEs.

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The Analysis of Capital Budgeting Techniques Implemented by Small and Medium-Sized Enterprises in Serbia

Cited by 6 publications

References 3 publications

How the type of ownership affects capital budgeting practice in the Serbian agribusiness industry?

How the type of ownership affects capital budgeting practice in the Serbian agribusiness industry?

Investment Appraisal Practice in the European Union Countries

Faktor-Faktor yang Memengaruhi Penerapan Payback Period sebagai Teknik Penganggaran Modal pada UMKM di Kota Bogor

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