{"title":"The consequences of consolidating the votes of countries from Europe in the IMF's Executive Board","authors":"Miloš Grujić, D. Popović","doi":"10.5937/ANEKSUB1941145G","DOIUrl":"https://doi.org/10.5937/ANEKSUB1941145G","url":null,"abstract":"A few years ago, the expert public was discussing the consequences of consolidating the EU countries' representation in the IMF's Executive Board. The main idea was that EU members should be split into two constituencies. - the first one with members of the eurozone and the other a members outside the eurozone. The subject of this paper is to analyse the voting power in the Executive Committee of the International Monetary Fund using the Penrose-Banzhaf Index (PBI) and the Koleman's Index (CI). The aim of the paper is to express the power of voting and the possibility of blocking certain decisions in relation to the position in the constituency. We will also take a look at the characteristics of the official missions of the IMF in order to determine the importance of the results and recommendations arising from the visit of the IMF team to the country.","PeriodicalId":33873,"journal":{"name":"Anali Ekonomskog fakulteta u Subotici","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71197181","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}
Aleksandar Brzaković, T. Brzaković, Pavle Brzaković
{"title":"Creating brand market value","authors":"Aleksandar Brzaković, T. Brzaković, Pavle Brzaković","doi":"10.5937/aneksub1942017b","DOIUrl":"https://doi.org/10.5937/aneksub1942017b","url":null,"abstract":"","PeriodicalId":33873,"journal":{"name":"Anali Ekonomskog fakulteta u Subotici","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71197199","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":"Analysis of brand valuation based on a combination of valuation models","authors":"S. Terzić, Irena Đalić","doi":"10.5937/aneksub1942033t","DOIUrl":"https://doi.org/10.5937/aneksub1942033t","url":null,"abstract":"Branding of companies and products are comparative advantages that can provide growth and development of the company. Estimating the brand in companies is necessary for the purpose of analyzing and determining whether planned investments in the brand will provide the company with adequate wages. In order to achieve this goal, marketing managers need to get to know the value of the brand and the methodology of valuation. By analyzing domestic business practice, it was established that marketing managers do not have enough knowledge about the problem of brand values and methodology of valuation. The aim of the research is to analyze and understand the methodology of valuating the brand based on the combined methods of valuing, in discounting cash flows and royalties. This would indicate the need for more active access to the branding and investment strategy in order to satisfy the interests of companies and consumers.","PeriodicalId":33873,"journal":{"name":"Anali Ekonomskog fakulteta u Subotici","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71197244","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":"The analysis of the key indicators of the Republic of Serbia banking sector","authors":"D. Ercegovac, Sanja Vlaović-Begović, S. Jovin","doi":"10.5937/ANEKSUB1941081E","DOIUrl":"https://doi.org/10.5937/ANEKSUB1941081E","url":null,"abstract":"The objective of the paper is to analyze development of Serbian banking sector, from troubled and insolvent public banking sector in the 1990s, through process of consolidation and privatization in 2000 until today's stable and profitable banking sector with dominant foreign property of banks in Serbia. The subject of this research is analysis of the key indicators of banking sector in Serbia: profitability, liquidity, capital adequacy, leverage, exchange rate risk and default credits from 2010 until July 2018. Also, authors calculate share in total assets, share in total equity and profitability through ROA and ROE indicators for banks in Serbia divided by ownership in 2016 and 2017 on the base of data in the financial reports publicized on the NBS web site.","PeriodicalId":33873,"journal":{"name":"Anali Ekonomskog fakulteta u Subotici","volume":"294 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71197057","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":"Cluster analysis of the frequency of use of spreadsheet functionalities","authors":"Lazar Raković, M. Sakal, P. Matković","doi":"10.5937/ANEKSUB1941095R","DOIUrl":"https://doi.org/10.5937/ANEKSUB1941095R","url":null,"abstract":"Presenting a part of the results of a broader research into the use of spreadsheet programs in micro, small and medium sized enterprises on the territory of the Republic of Serbia, the article examines the differ-ences in the manner and purpose of use of spreadsheet programs by respondents of various levels of knowledge and experience through creating clusters of rarely, moderately and frequently used functionalities of these programs. The research results have shown that greater experience, better awareness about the possibili-ties of spreadsheet programs, and being better versed in the use of spreadsheets do not necessary result in a more frequent use of functionalities that can significantly mitigate the risks of their use.","PeriodicalId":33873,"journal":{"name":"Anali Ekonomskog fakulteta u Subotici","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71197073","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":"Toward systematization of organization theory of the XX century","authors":"Biljana Bogićević-Milikić","doi":"10.5937/ANEKSUB1941037B","DOIUrl":"https://doi.org/10.5937/ANEKSUB1941037B","url":null,"abstract":"Organization theory of the XX century is characterized by tremendous fragmentation and complexity. Until now there have been several attempts, although not generally accepted, to classify all theories and to pro-duce a single typology which would smooth out understanding of phenomena within and around organizations. In this paper we analyzed the classifications which gained huge popularity among scholars and made an effort to develop an integral framework for systematization of organization theory of the XX century.","PeriodicalId":33873,"journal":{"name":"Anali Ekonomskog fakulteta u Subotici","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71196981","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":"Coaching and its effects on individual and organizational performances in Central and Eastern Europe","authors":"S. Szabó, Agneš Slavić, Nemanja Berber","doi":"10.5937/ANEKSUB1941067S","DOIUrl":"https://doi.org/10.5937/ANEKSUB1941067S","url":null,"abstract":"Coaching as a skill for helping others grow and develop in the workplace has become a major asset in the life of profit-oriented organizations in recent decades. Coaching as a unique practice to develop the human resources of a company can create a partnership between a supervisor and an employee. The aim of the work is to analyze the effects of coaching on productivity and annual staff turnover based on Cranet research from 2015/16 from 9 countries of Central and Eastern European region. The results show that a higher level of the usage of coaching for career management in a company is positively related to the level of productivity and negatively related to the level of staff turnover.","PeriodicalId":33873,"journal":{"name":"Anali Ekonomskog fakulteta u Subotici","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71197042","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":"Digital media, creativity, and marketing, within the scope of the contemporary instant culture","authors":"M. Vidakovic, Dario Vidaković","doi":"10.5937/ANEKSUB1941131V","DOIUrl":"https://doi.org/10.5937/ANEKSUB1941131V","url":null,"abstract":"Contemporary culture is often characterized as the ''instant culture'', in which new mobile technologies and social nature of Web 2.0 enable individuals' continual access to seemingly unlimited scope of information and media content, no matter where they are. This creates a channel through which these individuals become constantly available for interaction, therefore by creating digital content it is now possible to engage them, in such a way that this interaction will not disturb their everyday habits and behavior in using digital media. That is where content marketing is created: a tool which strives to engage individuals through media content that will create a certain value for the consumer. Since content marketing demands quality and creative content that also has certain marketing purpose, here arises the question of the integrity of such creative process. Marketing activity, journalism, and creativity must be driven by certain ethical codes, which will insure the truthfulness, honesty, and safety of the interaction between the consumers and the creators of media content. This paper strives to divulge ethical ambiguities in content marketing, emphasizing truthfulness and transparency as key factors of its success as a tool in digital marketing, while also accentuating the importance of creating valuable and quality content for further evolution of this variety of expression through digital media.","PeriodicalId":33873,"journal":{"name":"Anali Ekonomskog fakulteta u Subotici","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71197135","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":"Comparative analysis of the liquidity ratios of the largest banks of Serbia: Indicator of performance measurement","authors":"Tamara Vesić, Nenad Ravić, Marija Đekić","doi":"10.5937/aneksub1942003v","DOIUrl":"https://doi.org/10.5937/aneksub1942003v","url":null,"abstract":"Under the influence of globalization, there are changes in regulation and liberalization of the movement of people and capital, the trend of modification and modernization of the way banks operate. In this paper we analyzed the liquidity of ten largest banks in the Republic of Serbia according to the balance sheet assets for the period from 2010 to 2017, with the aim to see why oscillations in liquidity indicators occur. The subject of research in this paper is a comparative analysis of the ratio of liquidity indicators, with a review of the movement of the reference interest rate and the movement of non-performing loans, and by means of publicly published regular annual reports of ten banks operating in the Republic of Serbia and quarterly reports of the National Bank of Serbia, in order to define the relationship between the movements of the listed components. As the participation of the 10 largest banks according to the criterion of the amount of the balance sheet assets is 44% to 77%, the average values of their performances largely approximate the performances of the entire banking system of the Republic of Serbia.","PeriodicalId":33873,"journal":{"name":"Anali Ekonomskog fakulteta u Subotici","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71197191","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":"Scope of the arbitrage pricing theory","authors":"M. Lekovič","doi":"10.5937/aneksub1942129l","DOIUrl":"https://doi.org/10.5937/aneksub1942129l","url":null,"abstract":"An important element of the positive portfolio theory which in addition to the Capital Asset Pricing Model (CAPM) provides an important contribution in terms of understanding the relationship between return and risk and pricing of assets in the capital market is the Arbitrage Pricing Theory (APT). This theory has been in focus of the economists for decades and is gaining advantage over the CAPM model in theory; however, not in practical terms. The paper aims to search for an answer to the question whether, after the four decades since the APT model has been introduced, there is a consensus in the financial literature on the validity and feasibility of this model in practice. The method of qualitative economic analysis, which allows us to draw valid conclusions on the researched issue based on studying the relevant literature, was applied in this paper. The general conclusion of the research is that the consensus on the key factors of the systematic risk has not yet been reached among economic theorists, researchers and practitioners, which would have eliminated the main deficiency of the APT model, ensured its validity and improved the applicability in practice. The lack of consensus on the most important systematic risk factors has been identified, thus indicating the limited scope of the APT model, which at the same time represents the main result of the research.","PeriodicalId":33873,"journal":{"name":"Anali Ekonomskog fakulteta u Subotici","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71197450","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}