SCIENCE International Journal最新文献

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IMPACT OF SALARIES AND INCENTIVES ON EMPLOYEE SATISFACTION IN AN IT COMPANY 薪酬和激励机制对 IT 公司员工满意度的影响
SCIENCE International Journal Pub Date : 2023-12-13 DOI: 10.35120/sciencej0204197k
Nemanja N. Deretić, Saša Kukolj, Branislav Sančanin
{"title":"IMPACT OF SALARIES AND INCENTIVES ON EMPLOYEE SATISFACTION IN AN IT COMPANY","authors":"Nemanja N. Deretić, Saša Kukolj, Branislav Sančanin","doi":"10.35120/sciencej0204197k","DOIUrl":"https://doi.org/10.35120/sciencej0204197k","url":null,"abstract":"This paper explores key factors influencing salary levels and incentives in the IT sector, using an analysis of statistical data segmented by categories such as age group, gender, work experience, education level, and position within the company. The aim was to determine how these demographic and professional characteristics affect employee priorities regarding compensation and incentives. The research is based on a sample of 150 employees in an IT company, selected through a purposive sampling process, with the intention of providing a deeper understanding of the impact of various factors on employee satisfaction through their compensation structure. A compensation structure in an organization includes all aspects of remuneration received by employees, including base salary, bonuses, benefits, and other forms of incentives. Based on the study of the impact of age limits and gender on employee preferences regarding salaries and incentives, it can be concluded that there is significant variation in the priorities of employees in different age groups and between genders. Younger employees, under 30, are primarily focused on salary height due to the need for financial stability in the early stage of their career. Employees aged between 30 and 40 strive to achieve a balance between salary and long-term security, with a strong focus on the quality of working life, flexibility, and the opportunity for professional development. Older employees, over 40, give priority to long-term stability and benefits, considering smaller changes in salary as less important compared to long-term security. Regarding gender, male employees tend to be more aggressive in negotiating salaries and seeking additional incentives, including bonuses and financial benefits. In contrast, female employees often strive for a balance between work and personal life, with greater interest in flexible working hours and benefits that support family needs. These findings highlight the importance of tailoring compensation packages and benefits to the needs of employees at different life stages and based on their gender, in order to maximize satisfaction and efficiency in IT companies. Based on the analysis of the impact of experience, education, and position in the company on employee preferences regarding salaries and incentives, we can conclude that there is a differentiated approach to compensation based on these factors. In terms of experience, less experienced employees (0-3 years of experience) are motivated by higher salaries and bonuses due to the desire for rapid professional advancement. Employees with 3-5 years of experience value a balance between salary and benefits, while focusing on additional perks that contribute to quality of life. Employees with more than 5 years of experience seek greater security and long-term benefits. Regarding education, employees with higher degrees (master’s or doctoral) expect higher salaries and incentives. Those with vocational education may be","PeriodicalId":508513,"journal":{"name":"SCIENCE International Journal","volume":"7 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139180861","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
BRICS TENDENCIES TOWARDS REDEFINING THE GLOBAL ECONOMIC ORDER brics 重新定义全球经济秩序的趋势
SCIENCE International Journal Pub Date : 2023-12-13 DOI: 10.35120/sciencej0204007s
Radomir Stojković, Slađan Milosavljević
{"title":"BRICS TENDENCIES TOWARDS REDEFINING THE GLOBAL ECONOMIC ORDER","authors":"Radomir Stojković, Slađan Milosavljević","doi":"10.35120/sciencej0204007s","DOIUrl":"https://doi.org/10.35120/sciencej0204007s","url":null,"abstract":"The paper analyzes the tendencies of BRICS (Brazil, Russia, India, China, South Africa) as an informal block for the creation of a new global economic and political reality. Former superpowers and economies with the most pronounced growth trends are today gathered around a common idea - the creation of an alternative global order. Propagating their vision of the modern world, the BRICS member states seek to change the current constellation of forces at the global level, shift the center of world power from the Euro-Atlantic region and create functional multilateralism. Using the idea and concept of the New Silk Road, China is strengthening its influence in an area where it was not represented during the first decade of the 21st century. Russia is building a new global position based on its energy potential and military cooperation with non-European countries Brazil, India and the Republic of South Africa use instruments of economic diplomacy to further strengthen competitive activities. Brazil is focused on the growth of the trade exchange of agricultural products, above all, fruit. India is repositioning itself globally on the basis of industrial production in the field of information and communication technologies. The Republic of South Africa, as the most developed country in Africa, finds the basis for a new role on the international stage in natural resources and a developed mining sector. The individual influence that the states of this forum have in the global framework is strengthened by joint and coordinated action within the most important global institutions. Certain changes have been made in the quota system of the International Monetary Fund, the issue of the election of leading individuals of the World Bank Group and the World Trade Organization is increasingly topical, as well as the reform of the United Nations Organization, all as a result of the influence of the BRICS countries in the aforementioned institutions.","PeriodicalId":508513,"journal":{"name":"SCIENCE International Journal","volume":"12 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139181197","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
WORK-RELATED DETERMINANTS OF WELL-BEING AMONG HEALTHCARE PROFESSIONALS 医护人员与工作相关的幸福感决定因素
SCIENCE International Journal Pub Date : 2023-12-13 DOI: 10.35120/sciencej0204059s
Marko Slavković, Marija Mirić, Marija Simonović
{"title":"WORK-RELATED DETERMINANTS OF WELL-BEING AMONG HEALTHCARE PROFESSIONALS","authors":"Marko Slavković, Marija Mirić, Marija Simonović","doi":"10.35120/sciencej0204059s","DOIUrl":"https://doi.org/10.35120/sciencej0204059s","url":null,"abstract":"While burnout has been extensively examined across many occupations, medical personnel have been considered one of the most susceptible groups. The prevalence of burnout among healthcare workers is particularly concerning due to its detrimental effect on employee behaviors. It is a prominent factor contributing to staff turnover in healthcare institutions. Burnout is a critical constituent and marker of work-related well-being. The objective of this research is to ascertain the process behind personal burnout by studying many significant factors. Initially, the relationships between job satisfaction, extrinsic motivation, and work-related burnout were examined in order to determine whether and how work-related burnout caused personal burnout. The study made the assumption that job satisfaction was a powerful instrument for fostering positive attitudes towards work and inspiring extrinsic motivation in healthcare professionals, which in turn contributed to employees’ well-being. Therefore, we postulated that extrinsic motivation might serve as a potential predictor of work-related burnout, which may forecast personal burnout among healthcare professionals. The Job Satisfaction Survey, Minnesota Satisfaction Questionnaire, and Copenhagen Burnout Inventory were used as the main instruments in a cross–sectional survey to gather the data necessary to accomplish the study objectives. The study sample comprised 218 healthcare professionals employed in five public blood bank units situated in the central area of the Republic of Serbia. The PLS structural equation modeling was applied. First, the analysis determined that job satisfaction had a statistically significant impact on extrinsic motivation and work–related burnout. Second, our research results indicate that work–related burnout is a negative antecedent of personal burnout. On the other hand, the influence of extrinsic motivation on work–related burnout was not statistically significant. Ultimately, we have discovered that work-related burnout serves as a mediator in the relationship between job satisfaction and personal burnout. The originality of the research was reflected in filling the existing literature gap regarding the connection between the variables studied. The study’s uniqueness stems from its distinct conceptualization of the research model. Important implications for healthcare managers were provided regarding the strategy for reducing burnout symptoms and motivating employees through extrinsic factors. It is crucial to focus on increasing awareness among both management and employees on the significance of burnout syndrome and the necessity for early prevention. The issue necessitates a systematic and deliberate approach, involving the cultivation of favorable work mindsets among staff members, placing emphasis on their job satisfaction as the initial priority.","PeriodicalId":508513,"journal":{"name":"SCIENCE International Journal","volume":"13 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139181771","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
DEVELOPING METHODOLOGY FOR IDENTIFYING GIFTEDNESS IN VISUAL ART EXPRESSION DOMAIN IN PRESCHOOL AGE 开发识别学龄前儿童视觉艺术表现领域资优的方法
SCIENCE International Journal Pub Date : 2023-12-13 DOI: 10.35120/sciencej0204173d
Jovana N. Đorđević
{"title":"DEVELOPING METHODOLOGY FOR IDENTIFYING GIFTEDNESS IN VISUAL ART EXPRESSION DOMAIN IN PRESCHOOL AGE","authors":"Jovana N. Đorđević","doi":"10.35120/sciencej0204173d","DOIUrl":"https://doi.org/10.35120/sciencej0204173d","url":null,"abstract":"Among professionals dealing with giftedness, one of the commonly accepted purposes for identifying giftedness is providing gifted with adequate pedagogical support, optimal nurturance, cognitive growth, development and opportunities for self-fulfillment. It is also recommended for researchers to choose one position in which giftedness would be understood and setting precise criteria for defining giftedness. In this article, we are interested in identifying giftedness in the domain of visual art expression among preschool children. Some of the general criterions for identifying gifted children include creativity, precocity, high intrinsic motivation, individual speed and approach to learning. The excellence criterion, the rarity criterion, demonstrability criterion, the productivity criterion and the value criterion are given as factors within the Pentagonal theory for identifying the gifted. When it comes to the visual art giftedness as domain-specific giftedness, realm of production is most readily apparent distinction between gifted and non-gifted children. It is presented in children’s artworks. This considers on the one side a child reaching the level of relatively realistic representation in early childhood, and on the other side it is child’s advance in experimentation with form, color, line, composition and other aesthetic properties of a drawing/painting. While having these sets of characteristics of artistically gifted children, we faced the problem in lack of standardized or generally accepted or recommended instruments for this process. Being in this position, we approached developing methodology - procedures, research techniques and instruments, relying on the recommendations given by professionals dealing with artistic development and art giftedness theoretically and through practical research. This methodology, as well as the results achieved through implemented research are presented in the article. With the sample of close to 350 preschool children in our local community, we were able to identify visual art giftedness in around dozen preschoolers, proving our instruments and procedures efficient enough. On the basis of these results, we can further work on improving and refining this methodology reaching as many artistically gifted children as possible, striving to support their giftedness.","PeriodicalId":508513,"journal":{"name":"SCIENCE International Journal","volume":"121 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139180636","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
FANTASY PRONENESS IN ONE’S PSYCHOLOGICAL LIFE AND HEALTH: OBSERVATIONAL STUDY WITH IMPACT ANALYSIS 心理生活和健康中的幻想倾向:观察研究与影响分析
SCIENCE International Journal Pub Date : 2023-12-13 DOI: 10.35120/sciencej0204101s
Hana Sejfović, Anida Vrcić Amar, Atif Avdović
{"title":"FANTASY PRONENESS IN ONE’S PSYCHOLOGICAL LIFE AND HEALTH: OBSERVATIONAL STUDY WITH IMPACT ANALYSIS","authors":"Hana Sejfović, Anida Vrcić Amar, Atif Avdović","doi":"10.35120/sciencej0204101s","DOIUrl":"https://doi.org/10.35120/sciencej0204101s","url":null,"abstract":"Fantasy proneness has so far been treated as a trait associated with both pathological and adaptive mechanisms. What also seems to be the case is that both claims are evident and experimentally verified. This is an indicator of the much greater sensitivity with which these traits should be treated. This paper examines the relationship between fantasy proneness with selected indicators of mental health and sociodemographic characteristics with special consideration of the corresponding role of positive and negative affect. Obtained results contribute to detecting the sensitivity traits that seem to categorize fantasy prone individuals into the groups of those under risk for the development of mental health problems and those who are well adapted. This has been done by performing statistical analysis on impact detection methods to achieve significant correlation and determination of fantasy proneness via sociodemographic variables and mental health indicator variables. The results indicate that only marital status is a significant socio-demographic predictor, while all of the mental health indicators have significant direct or indirect impact on fantasy proneness.","PeriodicalId":508513,"journal":{"name":"SCIENCE International Journal","volume":"38 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139181825","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
NOUN COMPOUNDS AND ADJECTIVE COMPOUNDS IN ENGLISH 英语中的名词化合物和形容词化合物
SCIENCE International Journal Pub Date : 2023-12-13 DOI: 10.35120/sciencej0204073h
Sanel Hadžiahmetović Jurida, Tanja Pavlović
{"title":"NOUN COMPOUNDS AND ADJECTIVE COMPOUNDS IN ENGLISH","authors":"Sanel Hadžiahmetović Jurida, Tanja Pavlović","doi":"10.35120/sciencej0204073h","DOIUrl":"https://doi.org/10.35120/sciencej0204073h","url":null,"abstract":"Compounds, typically defined as words composed of two or more words, are frequently found in everyday English usage. In the field of morphology, a number of word formation processes are present, including compounding as one of the most productive ones. This paper introduces some of the most important notions of the word-formation - noun compounds and adjective compounds. Following the theoretical introduction briefly explaining the structure and types of these compounds, the corpus selected for this article provides a classification of 32 noun compounds and adjective compounds in this study, including a discussion of their structure as well as stress patterns found in the compounds. For the purposes of the analysis, the examples were identified and collected from several women’s magazines, namely various issues of Cosmopolitan magazines, analysed and classified in order to present examples of noun and adjective compounds as well as some metaphorical compounds. In addition to the fact that the meaning of compounds is to a certain degree compositional and easy to comprehend, there are still compounds which may imply metaphorical or figurative meanings, and thus form confusion among speakers of listeners. In this way, compounding is believed to be one of the most productive aspect of language, as it can form as many words and composite words as possible in order to form a completely new meaning, either literal or non-literal. The paper concludes that compounding is considered to be highly productive, especially when interpreting compounds, with a particular focus on nouns and adjectives as heads.","PeriodicalId":508513,"journal":{"name":"SCIENCE International Journal","volume":"8 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139181840","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
ASSESSING THE IMPACT OF COVID-19 ON PROFITABILITY AND LIQUIDITY IN THE BANKING SECTOR - INSIGHTS FROM BANK MANAGERS IN THE REPUBLIC OF SERBIA 评估 COVID-19 对银行业盈利能力和流动性的影响--塞尔维亚共和国银行经理的见解
SCIENCE International Journal Pub Date : 2023-12-13 DOI: 10.35120/sciencej0204033p
Danijela Pavlović, Miloš Pavlović
{"title":"ASSESSING THE IMPACT OF COVID-19 ON PROFITABILITY AND LIQUIDITY IN THE BANKING SECTOR - INSIGHTS FROM BANK MANAGERS IN THE REPUBLIC OF SERBIA","authors":"Danijela Pavlović, Miloš Pavlović","doi":"10.35120/sciencej0204033p","DOIUrl":"https://doi.org/10.35120/sciencej0204033p","url":null,"abstract":"This research delves into the multifaceted relationship between profitability, liquidity, and various determinants within the banking sector, with a particular focus on the impact of the COVID-19 pandemic. By investigating the experiences and perceptions of bank managers in the Republic of Serbia, we gain a comprehensive understanding of how the pandemic affected key banking performance metrics. The study employs a structured questionnaire distributed to bank directors in major cities, resulting in an 80% response rate.Our analysis of the survey data reveals critical insights into the responses of bank managers, highlighting the significance of corporate governance mechanisms, competition levels, operational efficiency, and liquidity management strategies in shaping a bank’s profitability. Furthermore, we examine how regulatory measures introduced during the pandemic influenced bank performance.In addition to insights from international studies, this paper provides valuable findings specific to the Serbian banking sector. The results offer crucial implications for bank management, policymaking, and future business strategies. They underscore the importance of addressing challenges and seizing opportunities in the evolving banking landscape.","PeriodicalId":508513,"journal":{"name":"SCIENCE International Journal","volume":"34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139180538","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
A THEMATIC AND STRUCTURAL ANALYSIS OF TEKHAYYULĀT: THE PROMINENT PERSIAN POETRY COLLECTION BY NAIM FRASHERI 纳伊姆-弗拉谢里的著名波斯诗集《特哈尤拉特》的主题和结构分析
SCIENCE International Journal Pub Date : 2023-12-13 DOI: 10.35120/sciencej0204153s
Saeed Safari, Naijle Malja Imami
{"title":"A THEMATIC AND STRUCTURAL ANALYSIS OF TEKHAYYULĀT: THE PROMINENT PERSIAN POETRY COLLECTION BY NAIM FRASHERI","authors":"Saeed Safari, Naijle Malja Imami","doi":"10.35120/sciencej0204153s","DOIUrl":"https://doi.org/10.35120/sciencej0204153s","url":null,"abstract":"The spread of Islam in the Balkans under Ottoman rule along with the emergence of Sufi sects, including the Bektashi order, paved the way for the expansion of Persian literature as a source of Sufi literature in this region and especially in Albania. Over the centuries, the Persian language and literature have maintained their presence and function in the Balkans, and several Sufi figures and intellectuals have chosen Persian as the medium for the expression of their literary creations. Among them, The most well-known Albanian who wrote Persian poetry in the late 19th century is undoubtedly Naim Frasheri (1846-1900). He published his collections of Persian poems, entitled “Tekhayyulāt” in 1885 in Istanbul. In this paper, after an overview of the spread and development of the Persian language and literature in the Balkans and in Albania, Naim’s poems in “Tekhayyulāt” are presented and analysed. The study is grounded on the theory of formalism in literature and aims to apply structural analysis to Naim’s Persian poems. To this end, employing a qualitative approach as the research methodology, two types of analyses are conducted, thematic analysis which reviews the content and the themes of his poems, and then structural analysis which is based on Leech’s theory of linguistic deviation (1969), focuses on the application of three types of linguistic deviations, namely phonological, lexical and grammatical, to enable a structural analysis of the poems. The results of the analysis show that Naim’s Persian poems have limited ranges of themes, and the main theme in his poems is about ‘nature’ while the structural analysis of linguistic deviations in his poems indicates his mastery of the Persian language to express his thoughts in poetic form.","PeriodicalId":508513,"journal":{"name":"SCIENCE International Journal","volume":"17 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139180688","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
THE OPINION OF YOUTH SOCCER COACHES ABOUT TALENT SELECTION FOR SOCCER 青少年足球教练对足球人才选拔的看法
SCIENCE International Journal Pub Date : 2023-12-13 DOI: 10.35120/sciencej0204047m
Voja Milosavljević, Željko Rajković, Dragan Perišić
{"title":"THE OPINION OF YOUTH SOCCER COACHES ABOUT TALENT SELECTION FOR SOCCER","authors":"Voja Milosavljević, Željko Rajković, Dragan Perišić","doi":"10.35120/sciencej0204047m","DOIUrl":"https://doi.org/10.35120/sciencej0204047m","url":null,"abstract":"Society and clubs invest a lot of effort, time and money to discover young people who have the potential to develop into top athletes. But, there are still many questions about a universal theoretical approach, agreed terminology and possible characteristics of talent that would bring practical benefit.The purpose of this paper is to clarify the essence of talent concept in sports and to evaluate the degree of agreement between the opinions of Serbian youth soccer coaches on the important issues of detection, identification and selection of talented soccer players in comparison with other researches. 161 youth soccer coaches with a high level of competence participated in the survey.The word talent is often heard in everyday speech to emphasize the qualities or skills of a young person who achieves above-average results in a certain field. There is no universal definition of talent. Over time, talent concept expanded and dynamized, so that today talent is approached multidimensionally, assessed holistically, and a conclusion is reached with a certain degree of probability. Coaches traditionally select players based on personal taste, observing movement patterns in the game and using their intuition based on experience, and using test results to monitor changes in morphological characteristics and motor skills. In addition to the existence of a disposition for the development of appropriate abilities, strong motivation and a favorable environment with an optimal training process are needed to realize the talent according to the planned outcome in the form of a competitive result. A reliable judgment about the ultimate range of a talented athlete is hindered by intense developmental changes in childhood and youth, due to which talent changes its structure. Further research should be focused on discovering the main and secondary components of giftedness, their interconnections, influences and changes during childhood and youth. This topic raises many questions such as: How not to stifle the individuality of talent? Would the discovery of the undiscovered make the game of soccer lose its charm?","PeriodicalId":508513,"journal":{"name":"SCIENCE International Journal","volume":"167 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139181452","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
SIGNIFICANCE AND TAX TREATMENT OF REVERSE FACTORING AS AN INSTRUMENT FOR FINANCING SMALL AND MEDIUM-SIZED ENTERPRISES IN THE REPUBLIC OF SERBIA 反向保理作为塞尔维亚共和国中小型企业融资工具的意义和税收待遇
SCIENCE International Journal Pub Date : 2023-12-13 DOI: 10.35120/sciencej0204133m
Strahinja Miljković, Suzana Dimić, Igor Simić
{"title":"SIGNIFICANCE AND TAX TREATMENT OF REVERSE FACTORING AS AN INSTRUMENT FOR FINANCING SMALL AND MEDIUM-SIZED ENTERPRISES IN THE REPUBLIC OF SERBIA","authors":"Strahinja Miljković, Suzana Dimić, Igor Simić","doi":"10.35120/sciencej0204133m","DOIUrl":"https://doi.org/10.35120/sciencej0204133m","url":null,"abstract":"In modern market circumstances, when competition is becoming more and more ruthless, especially in the period of the continuing immanent duration of the effects of the world economic crisis, which has a vertical depth effect (both those who have significant funds and those who do not have free funds, i.e. they are not liquid, feel it) when fresh capital is getting harder and harder, only those companies can survive that have a constant and regular inflow of fresh capital. In an economic situation in which the dominant role is played by large capital (multinational corporations or regional corporations), where acquisition is increasingly sought, the pressure on small companies becomes more pronounced and stronger. For companies that are organized as small or medium, the inflow of fresh capital is a luxury for the reason that the right to claim is exercised over a longer period of time (30-90 days) with the risk of being unable to collect the claim. It should be emphasized that: a) lack of fresh working capital; b) the frequent absence of own funds (reserve funds) and c) the impossibility of obtaining favorable loans in the current circumstances, inevitably implies that small and medium-sized companies are finding it increasingly difficult to survive. In addition to the fact that globalization has negative effects on the micro-economy, it should be emphasized that the development of the market economy continuously and permanently affects the creation of new and the evolution of existing financial instruments for financing production. Factoring is one of the modern financial instruments that is gaining more and more importance both at the macro and micro level (primarily referring to the countries that belonged to the Eastern Bloc market), and which belongs to the group of parabanking operations. Factoring as a parabanking business in export-oriented economies appears as one of the indispensable financial instruments for financing small and medium-sized companies. One of the specific forms of factoring that has evolved in modern business practice caused by the COVID pandemic is reverse factoring. Reverse factoring as a special type of factoring is contracted between the factor and the debtor from the contract for the sale of goods or the provision of services in the country and abroad, on the basis of which the factor, by taking over invoices from the debtor, assumes his obligation to pay towards the creditors, and has the right to collect from the debtor within from the agreement for the sale of goods or the provision of services in the country and abroad. The legal validity of the reverse factoring deal depends on securing the creditor’s consent. The debtor is obliged to secure the creditor’s consent, otherwise the reverse factoring contract cannot be concluded. The paper will also pay special attention to the tax treatment of income generated on the basis of factoring business in accordance with the positive legal regulations of the Republic of S","PeriodicalId":508513,"journal":{"name":"SCIENCE International Journal","volume":"6 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139181619","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
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