Ekonomika preduzeća最新文献

What drives movements in the REER of the SEE countries? A decomposition approach 是什么推动了SEE国家的REER运动?分解方法

Ekonomika preduzeća Pub Date : 2023-01-01 DOI: 10.5937/ekopre2306271d

Aleksandra Đorđević

{"title":"What drives movements in the REER of the SEE countries? A decomposition approach","authors":"Aleksandra Đorđević","doi":"10.5937/ekopre2306271d","DOIUrl":"https://doi.org/10.5937/ekopre2306271d","url":null,"abstract":"The real effective exchange rate (REER) is an important indicator for researchers and policymakers that contains valuable information about a country's competitiveness and economic performance. Despite the numerous literature that deals with the analysis of exchange rates, there are very few analyzes of the main drivers of REER changes, especially when it comes to transition economies. To fill this gap, we analyze the shifting patterns observed in the REER movement in the countries of Southeast Europe (SEE). By using a new approach in the literature that enables the decomposition of REER changes, we aim to explore the underlying driving forces behind REER changes, which is particularly significant in the light of current global instability. The results show large variations across eight countries from the SEE region and through time since the beginning of the 21st century. The entire observed period can be generally characterized as a period of real appreciation of the currencies of most of the analyzed countries, which indicates the deterioration of their international competitiveness in the period from January 2001 to December 2020. Analysis of the drivers of the REER changes, using two approaches, showed that short-run REER changes are dominated by the nominal effective exchange rate (NEER) changes, in most of the analyzed countries. Although the contribution of price changes (domestic and foreign) is lower than the contribution of the NEER changes, it cannot be concluded that the inflation differential contributes little, and by no means negligible, to the REER changes. This result indicates the necessary caution of the SEE countries in the context of current price instabilities.","PeriodicalId":483971,"journal":{"name":"Ekonomika preduzeća","volume":"145 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135213858","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}

引用次数: 0

Specific impact of the Covid-19 pandemic on the profitability of logistics companies based in the Western Balkan countries 新冠肺炎疫情对西巴尔干国家物流公司盈利能力的具体影响

Ekonomika preduzeća Pub Date : 2023-01-01 DOI: 10.5937/ekopre2306313t

Teodora Tica, Bojana Vuković, Dušan Saković, Dejan Jakšić

{"title":"Specific impact of the Covid-19 pandemic on the profitability of logistics companies based in the Western Balkan countries","authors":"Teodora Tica, Bojana Vuković, Dušan Saković, Dejan Jakšić","doi":"10.5937/ekopre2306313t","DOIUrl":"https://doi.org/10.5937/ekopre2306313t","url":null,"abstract":"The aim of this paper is to theoretically and empirically present the effect of the Covid-19 pandemic on profitability. In difficult economic times caused by coronavirus, companies that supplied logistical services assisted other businesses in successfully conducting their daily business operations. On the other side, the pandemic has been a contributing factor in the massive interruption in transportation flows all over the world. The research was conducted on a sample of 798 active companies that operated within the logistics industry of the Western Balkans in the period from 2015 to 2020. An empirical research was performed using panel regression analysis. Evaluation of the fixed-effect models confirmed the existence of a positive and statistically significant impact of the Covid-19 pandemic on the profitability expressed through return on total assets (ROA) and return on equity (ROE). The results confirmed the specificity of the logistics industry, indicating that it is one of the few industries that have managed to achieve higher profitability during the crisis and recession brought by the pandemic in early 2020. Given that the logistics sector has played a vital role in supplying household supplies, medicines and medical equipment, the results could help logistics companies to further improve operational performance and risk management in pandemic situations, as well as to improve the resilience of their activities to future similar crises.","PeriodicalId":483971,"journal":{"name":"Ekonomika preduzeća","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134884867","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}

引用次数: 0

Labour force as a component of the economy 劳动力是经济的一个组成部分

Ekonomika preduzeća Pub Date : 2023-01-01 DOI: 10.5937/ekopre2306243k

Miladin Kovačević, Vesna Pantelić, Milijana Smiljković

{"title":"Labour force as a component of the economy","authors":"Miladin Kovačević, Vesna Pantelić, Milijana Smiljković","doi":"10.5937/ekopre2306243k","DOIUrl":"https://doi.org/10.5937/ekopre2306243k","url":null,"abstract":"According to MIP (Macroeconomic Imbalance Procedure) indicators, it can be concluded that there have been positive changes in the labour market over the past decade in Serbia. Most of the indicators, such as the activity rate, youth unemployment rate, and long-term unemployment rate, remained stable during this period. However, these indicators also showed that the situation in the Serbian labour market was considerably less favourable than in EU countries, although more favourable than in Western Balkan countries. The following text will delve into the main characteristics of the labour market in Serbia and the changes that have occurred over the past decade. We will explore the key causes and consequences of imbalances, with the first part of the paper focusing on labour force loss due to emigration and the second part analysing employment trends in Serbia during the second decade of the 21st century. We will also examine the most important characteristics of the labour force in Serbia and how labour market supply and demand are perceived. Finally, we will present the results of the Labor Cost Survey, which enables a comparison of the labour market situations in Serbia and the European Union.","PeriodicalId":483971,"journal":{"name":"Ekonomika preduzeća","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135213860","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}

引用次数: 0

Determinants of bank lending to SMEs in the EU 欧盟中小企业银行贷款的决定因素

Ekonomika preduzeća Pub Date : 2023-01-01 DOI: 10.5937/ekopre2306260j

Irena Janković, Vlado Kovačević, Isidora Ljumović, Svetlana Popović

引用次数: 0

A contemporary bibliometric analysis of the sharing economy literature 当代共享经济文献计量学分析

Ekonomika preduzeća Pub Date : 2023-01-01 DOI: 10.5937/ekopre2306355l

Miljan Leković, Darko Dimitrovski, Tanja Stanišić

引用次数: 0

Analysis of megatrends for the purpose of strategic forecasting of companies in Serbia 分析大趋势，以便对塞尔维亚的公司进行战略预测

Ekonomika preduzeća Pub Date : 2023-01-01 DOI: 10.5937/ekopre2306302g

Nađa Gabriš

{"title":"Analysis of megatrends for the purpose of strategic forecasting of companies in Serbia","authors":"Nađa Gabriš","doi":"10.5937/ekopre2306302g","DOIUrl":"https://doi.org/10.5937/ekopre2306302g","url":null,"abstract":"Megatrends represent a group of trends or phenomena of social, economic, and technological nature that develop gradually, ultimately making their elimination impossible. At a global level, companies are confronted with increasingly shorter business longevity, largely caused by the impact of megatrends. Considering that the influence of megatrends is omnipresent, and that their effects cannot be completely eliminated, the only option remaining is for management to provide an adequate response to their emergence, which simultaneously requires awareness of current and future megatrend developments. A specific focus of this study is examining the prevalence of strategic foresight and analysis of megatrends within a sample of companies with the highest revenues according to the Serbian Business Registers Agency (SBRA). The research was conducted through questionnaires. Furthermore, the subject of analysis is determining the extent to which companies in Serbia are exposed to megatrends based on relevant indicators. By weighing the defined indicators, final indicators for key megatrends have been established, through which the strength of megatrend impact in Serbia has been interpreted. If there is a desire for long-term sustainable business operations, there is a need to also be aware of future opportunities and potential threats posed by megatrends. The goal of conducting research in this domain is to raise awareness about the challenges that companies will face in the foreseeable future and thereby gain insights into the areas of business where adaptations are necessary.","PeriodicalId":483971,"journal":{"name":"Ekonomika preduzeća","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135213589","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}

引用次数: 0

Inspecting the influence of macroeconomic factors on stock returns: The case of Serbia 检验宏观经济因素对股票收益的影响:以塞尔维亚为例

Ekonomika preduzeća Pub Date : 2023-01-01 DOI: 10.5937/ekopre2306343d

Miloš Đaković, Miloš Pjanić, Milica Inđić

{"title":"Inspecting the influence of macroeconomic factors on stock returns: The case of Serbia","authors":"Miloš Đaković, Miloš Pjanić, Milica Inđić","doi":"10.5937/ekopre2306343d","DOIUrl":"https://doi.org/10.5937/ekopre2306343d","url":null,"abstract":"In many developed economies, a stable financial market is the basis for the growth and development of a country's well-being. The movement of stock prices is, in many ways, a reflection of the development of the largest companies in a country. In this paper, we deal with the analysis of the impact of macroeconomic indicators such as inflation, interest rates, and exchange rates on stock prices on the stock market. The goal of the paper is a deeper understanding of how the movements of macroeconomic indicators affect the movement of stock prices and, at the same time, the economic growth of the largest companies. The analysis used monthly data on changes in inflation, interest rates, and exchange rates, together with the prices of shares of companies listed on the Belgrade Stock Exchange (BelexLine index) for the period from 2015 to 2021. The index itself contains a sample of 29 companies. The findings indicate the existence of a unidirectional relationship between interest rate changes and stock prices, and a bidirectional relationship between stock price changes and changes in inflation and interest rates. In addition to these two tests, the authors graphically show the impulse response of indicators as well as the decomposition of data variation, which indicates that the changes in stock price are explained mostly by the variance in the stock price itself. The results also indicate that the primary change of the BelexLine index to itself is positive, while in other periods there is a negative reaction, but at the end of the period, there is stabilization after the original occurrence of the shock.","PeriodicalId":483971,"journal":{"name":"Ekonomika preduzeća","volume":"155 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135214080","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}

引用次数: 0

Organizational culture as a factor in the successful implementation of the TQM concept 组织文化是成功实施TQM概念的一个因素

Ekonomika preduzeća Pub Date : 2023-01-01 DOI: 10.5937/ekopre2306286t

Ana Todorović-Spasenić, Jelena Erić-Nielsen, Vesna Stojanović-Aleksić

{"title":"Organizational culture as a factor in the successful implementation of the TQM concept","authors":"Ana Todorović-Spasenić, Jelena Erić-Nielsen, Vesna Stojanović-Aleksić","doi":"10.5937/ekopre2306286t","DOIUrl":"https://doi.org/10.5937/ekopre2306286t","url":null,"abstract":"Continuous work on quality improvement in all business domains, based on employee teamwork and process orientation, is one of the key predictors of maintaining and improving the company's existing competitive position. Organizational culture, as a key factor of the company's internal environment, is an important determinant of the implementation of the concept of total quality management (TQM concept), which is directly reflected in the generation of TQM performance improvement. The conducted empirical research includes a sample of 64 manufacturing companies, with a certified quality management system, in the territory of the Republic of Serbia. Their business practice indicated the existence of a strong direct correlation between the dimensions of organizational culture -the principles of the TQM concept -TQM performance, which is an indicator of the significant impact of organizational culture on generating improvements in any domain of implementing the quality management philosophy and reaching the level of business excellence. The contribution of the paper is reflected in the expansion of the knowledge base and a better understanding of the mutual relationship between internal organizational relations and the quality improvement process.","PeriodicalId":483971,"journal":{"name":"Ekonomika preduzeća","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134883053","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}

引用次数: 0

Taxes and income inequality in the European Union: A quantile regression approach 欧盟的税收和收入不平等:分位数回归方法

Ekonomika preduzeća Pub Date : 2023-01-01 DOI: 10.5937/ekopre2306325v

Stefan Vržina, Stevan Luković

引用次数: 0