M. Čavlin, Jelena Vapa Tankosić, Radomir Jovanović, Marko Pavlović
{"title":"ANALYSIS OF THE INFLUENCE OF THE PERFORMANCE OF THE PROFIT AND FINANCIAL POSITION IN THE PREDICTION OF BANKRUPTCY IN THE MEAT PROCESSING BRANCH","authors":"M. Čavlin, Jelena Vapa Tankosić, Radomir Jovanović, Marko Pavlović","doi":"10.59267/ekopolj23041043c","DOIUrl":"https://doi.org/10.59267/ekopolj23041043c","url":null,"abstract":"The issue of solvency, i.e. the risk of bankruptcy of the company, is always a subject of concern for management and stakeholders, especially creditors and investors. Understanding the impact of indicators of profitability, liquidity and dynamic solvency on the risk of bankruptcy expressed by Altman’s Z-score is the goal of the research, which is significant for both theory and practice. The research analyzes large companies from the branch of processing and preserving of meat of the Republic of Serbia for the five-year period 2018-2022. The findings for large companies for the processing and preserving of meat, based on regression analysis, show that ROA and Current Liquidity Ratio make a statistically significant contribution predicting the Altman Z score.","PeriodicalId":201477,"journal":{"name":"Ekonomika poljoprivrede","volume":"155 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139160970","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"CROP ATTRIBUTES, FARM DECISIONS CROP SPECIFIC POLICIES IN THE CONTEXT OF SUSTAINABILITY OF PRODUCTION IN ETHIOPIA","authors":"M. Harun, B. Legesse","doi":"10.59267/ekopolj23041009e","DOIUrl":"https://doi.org/10.59267/ekopolj23041009e","url":null,"abstract":"Ethiopia’s government has created a number of policies and programs to address the urgent issue of rising food prices. Extension and regulation initiatives aiming at influencing the production and marketing are frequently used in conjunction with them. However, lack of indices on relative importance of individual crops results poor policy outcomes. Analyzing household decision dynamics and how household decisions respond to policies is crucial to reduce persistent complaints from recipients and avoid negative policy outcomes. For this study, data from 392 randomly chosen households of Kewot woreda was used. Sorghum found with higher calorie index per profit while mung bean was found higher profit index. Crop diversification found inefficient that arise from profitability differences and return to scale. Additionally multiple objectives could be met using tradeoffs among different crop benefits. This study also summarizes major findings from previous crop-related policies and linked them to specific crop characteristics. It is advised that policies be adjusted to reflect the value, character, and utility of crops.","PeriodicalId":201477,"journal":{"name":"Ekonomika poljoprivrede","volume":"5 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139161828","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"DETERMINATIONS OF PROFITABILITY IN THE AGRICULUTRAL SECTOR IN SERBIA","authors":"Ivana Milošev","doi":"10.59267/ekopolj2304953m","DOIUrl":"https://doi.org/10.59267/ekopolj2304953m","url":null,"abstract":"This research paper considers performance determinants at firm and industry level from the perspective of agricultural industry since this industry is recognized as one of key drivers of Serbian national economy. Sample is consisted of 115 large and medium-sized firms as they participate around 50% in total sector turnover, during years 2017 - 2021. The Generalized Method of Moments was used to analyze how firm factors (lagged profitability, leverage, labor cost, size, liquidity, sales growth) and industry factors (market share and capital intensity) affect profitability. Research results showed that profitability is strongly positively affected by its past values and stronlgy negatively affected by leverage, labours costs and industry factor capital intensity. The results suggest that internal factors are key determinants of the performance of agricultural firms rather than external factors and that leverage is the most significant determinant of profitability therefore managers should pay more attention to debt policy.","PeriodicalId":201477,"journal":{"name":"Ekonomika poljoprivrede","volume":"4 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139161733","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"AN OVERVIEW ASSESSING OF THE EUROPEAN UNION AGRICULTURAL SECTORIAL DYNAMICS: A DRAFT ANALYSIS FORM THE ROMANIAN PERSPECTIVE","authors":"Jean-Vasile Andrei, V. Sima, I. Gheorghe","doi":"10.59267/ekopolj23041235v","DOIUrl":"https://doi.org/10.59267/ekopolj23041235v","url":null,"abstract":"The evolution of European agriculture is a result of the numerous paradigm transformations and reforms occurring during the time. The intensification and specialization of the agricultural sector have determined a set of challenges and changes which has imposed a dramatic shift from the traditional European agricultural model. The main aim of this paper is to assess and evaluate in a draft manner the European Union`s agricultural sectorial dynamics from the Romanian perspective. In order to identify main trends and gaps in the European agricultural sector and argue the aims and scope of the research some of representative indexes were analyzed and presented in the specific context: nominal. Using the descriptive analysis of indexes such as: value, price, and volume of the agricultural production, farm specializations, agricultural income per annual work unit (Indicator A) and key components, agricultural output, and intermediate consumption, this current research provides an insight introduction to the agricultural sector of the European Union (EU). The main analysis results could serve as inputs for policymakers in drafting the agricultural guidelines in terms of functionality and application in understanding the sectorial evolutions.","PeriodicalId":201477,"journal":{"name":"Ekonomika poljoprivrede","volume":"20 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139161282","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"POLICY INSTRUMENTS FOR THE DEVELOPMENT OF RURAL TOURISM IN THE LEAST DEVELOPED AREAS OF SERBIA: THE EXAMPLE OF THE MUNICIPALITY OF MEDVEĐA","authors":"Tijana Ljubisavljević, Miroslav Knežević","doi":"10.59267/ekopolj23041171l","DOIUrl":"https://doi.org/10.59267/ekopolj23041171l","url":null,"abstract":"The paper analyzes the instruments of rural tourism development policy in the least developed areas of the Republic of Serbia on the example of the Municipality of Medveđa. It is based on the hypothesis that economic policy makers, with new legal solutions, have made it possible for agricultural households engaged in rural tourism to apply for IPARD incentives on an equal basis with other agricultural households. Using the semistructured interview technique, research was conducted on the importance of IPARD incentives for the development of rural tourism in the least developed areas of Serbia on the example of the Municipality of Medveđa as well on the significance of the synergistic effect of the development of rural and spa tourism in this local community.","PeriodicalId":201477,"journal":{"name":"Ekonomika poljoprivrede","volume":"90 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139161446","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"PROMOTION OF UNHEALTHY FOOD AND ITS INFLUENCE ON ANTISOCIAL BEHAVIOR","authors":"Ž. Bjelajac, Lazar Stošić, Aleksandar Filipović","doi":"10.59267/ekopolj23041219b","DOIUrl":"https://doi.org/10.59267/ekopolj23041219b","url":null,"abstract":"The goal of this paper is to explore the issue of promoting unhealthy food and its potential impact on antisocial behavior in contemporary society using methods of structural and functional analysis, quantitative and qualitative analysis, comparative analysis, descriptive methods, and survey methods. Unhealthy food with high-calorie, harmful nutritional ingredients, can cause a myriad of health issues, such as obesity, cardiovascular conditions, and diabetes, but in some instances, it can affect the behavior of individuals. The paper investigates how such promotion can affect individuals’ eating patterns and health, with a particular focus on the development of antisocial behaviors. It also considers risk factors, including socioeconomic aspects and the influence of the media, that support the promotion of unhealthy food. This paper also discusses potential strategies to reduce the promotion of unhealthy food and promote healthier choices to mitigate the negative effects on antisocial behavior and enhance societal well-being.","PeriodicalId":201477,"journal":{"name":"Ekonomika poljoprivrede","volume":"26 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139161679","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
D. Živkov, Nikola Jančev, Đorđe Alavuk, Dragana Bolesnikov
{"title":"RISK EVALUATION OF LIVESTOCK COMMODITIES – VALUE-AT-RISK APPROACH","authors":"D. Živkov, Nikola Jančev, Đorđe Alavuk, Dragana Bolesnikov","doi":"10.59267/ekopolj2304967z","DOIUrl":"https://doi.org/10.59267/ekopolj2304967z","url":null,"abstract":"This paper tries to assess the level of losses that investors in four livestock commodities might have. The analysis comprises live cattle, feeder cattle, lean hogs and milk class III, and for the risk calculation, we use parametric and historical VaR measures. Full sample is divided into pre-crisis and crisis subsamples. According to the results, lean hogs are the riskiest asset in the pre-crisis period, regarding both parametric and historical VaR. In the crisis period, milk is the riskiest asset in terms of parametric VaR in all probability levels. However, in terms of historical VaR, lean hogs have the highest potential of loses between 90-97% VaR, but at 99% VaR, milk takes upper hand. In the crisis period, the level of losses for lean hogs and milk exceeds 4% in one day at 99% probability, which means that these commodities should be hedged if investors want to avoid great losses. The results indicate that parametric VaR significantly deviates from historical VaR in both subsamples, which means that investors in livestock commodities should use historical VaR for downside risk measurement.","PeriodicalId":201477,"journal":{"name":"Ekonomika poljoprivrede","volume":"19 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139161990","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jelena Stanojević, Nemanja Vuksanović, Katarina Kukić, Vesna Jablanović
{"title":"MODIFICATION OF THE COBWEB MODEL INTO GENERALIZED LOGISTIC EQUATION FOR THE WHEAT PRICE ANALYSIS","authors":"Jelena Stanojević, Nemanja Vuksanović, Katarina Kukić, Vesna Jablanović","doi":"10.59267/ekopolj23041025s","DOIUrl":"https://doi.org/10.59267/ekopolj23041025s","url":null,"abstract":"In the paper we constructed the new wheat growth model, based on the generalized logistic equation. Starting from the theoretical framework of the cobweb model, we adapted generalized logistic equation to better fit the real data of wheat prices, according to the presented wheat growth model. The aim of the paper is to present how logistic and generalized logistic equations can be used for both prediction of wheat prices and for the wheat price stability analysis. Data analysis showed better performances of the generalized logistic map in comparation with the conventional logistic map as a main result of this paper. For estimated parameters of the model the bifurcation diagrams also have been presented to show stability of wheat price over time. The conclusion is that the proposed model can be useful in predicting future wheat prices in the short-run period, as well as for the analysis of stability in conditions of uncertainty, which is also a recommendation for the application of the model in the future research.","PeriodicalId":201477,"journal":{"name":"Ekonomika poljoprivrede","volume":"82 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139161220","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Vlado Kovačević, Irena Janković, Vladimir Vasić, Isidora Ljumović
{"title":"DOES TRANSPARENCY PAY OFF FOR GREEN BOND ISSUERS? EVIDENCE FROM EU STATE AGENCIES’ GREEN BONDS","authors":"Vlado Kovačević, Irena Janković, Vladimir Vasić, Isidora Ljumović","doi":"10.59267/ekopolj2304997k","DOIUrl":"https://doi.org/10.59267/ekopolj2304997k","url":null,"abstract":"This paper investigates the impact of transparent allocation of proceeds on green bonds’ yields, providing insights to green bonds’ issuers for optimizing their financing terms. Using data from the EU state agencies’ green bond market, we applied a Prais-Winsten regression model with correlated panels corrected standard errors and common AR(1) to estimate the relationship between green bonds’ yields and various factors, including the transparency of proceeds. Transparent allocation of proceeds has a negative effect on green bonds’ yields, confirming that investors require lower returns when they are well-informed about a bond’s environmental goals. Additionally, higher credit ratings, and shorter remaining maturity are associated with lower green bonds’ yields. Transparent use of proceeds significantly influences green bonds’ yields, demonstrating that specifying the use of bond proceeds for environmentally friendly projects can lead to more favorable financing terms. Future research direction should provide additional classification of the green bonds’ transparency.","PeriodicalId":201477,"journal":{"name":"Ekonomika poljoprivrede","volume":"17 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139161315","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Vesna Gantner, I. Jožef, R. Gantner, Z. Steiner, Luka Zmaić, Dragan Solić, K. Potočnik
{"title":"ESTIMATION OF PREVALENCE, EFFECT AND COST OF MASTITIS ON SIMMENTAL DAIRY FARMS OF DIFFERENT SIZES","authors":"Vesna Gantner, I. Jožef, R. Gantner, Z. Steiner, Luka Zmaić, Dragan Solić, K. Potočnik","doi":"10.59267/ekopolj23041123g","DOIUrl":"https://doi.org/10.59267/ekopolj23041123g","url":null,"abstract":"Mastitis, a production disease highly prevalent in dairy farming, poses a significant challenge to farmers. It is responsible for decreased milk production, reduced milk quality, and increased treatment costs. Thus, early detection and prompt treatment are essential to prevent the infection and minimize the mastitis impact. This study aimed to determine how farm size affects the prevalence, effect, and cost of mastitis. Therefore, a total of 4,922,751 test-day records for dairy Simmental cows collected in the period 2005-2022 were analysed. Results showed that mastitis was most prevalent among small farms, which also exhibited a lower total increase in milk production. In contrast, the highest prevalence of healthy cows was observed at large farms, with the highest total increase in milk production.","PeriodicalId":201477,"journal":{"name":"Ekonomika poljoprivrede","volume":"84 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139161479","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}