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- Title
DETERMINANTE PROFITABILNOSTI AKCIONARSKIH DRUŠTAVA U REPUBLICI SRBIJI.
- Authors
Tica, Teodora; Vuković, Bojana; Peštović, Kristina; Medved, Ivana
- Abstract
The paper aims to analyze the influence of the selected financial determinants on profitability as a key determinant of corporate performance success. The sample includes 473 joint-stock companies in the Republic of Serbia that were actively operating from 2017 to 2021. Panel data evaluation revealed the presence of a significant positive influence of the company size, growth, and cash flow on profitability, as well as a significant negative influence of the capital and asset structures. In contrast, the influence of liquidity and a tax shield on profitability is statistically insignificant. The obtained results primarily serve the management who can consider the indicators of the business done by joint-stock companies in order to improve profitability and ensure proper resource allocation. They are also useful for investors in planning investment and operational activities with the aim of a more effective and more efficient achievement of profitability goals. The results are also aimed at other stakeholders who want to create a profitability growth and corporate performance strategy directed towards ensuring long-term growth.
- Subjects
STOCK companies; PANEL analysis; PROFITABILITY
- Publication
Economic Horizons / Ekonomski Horizonti, 2023, Vol 25, Issue 3, p245
- ISSN
1450-863X
- Publication type
Article
- DOI
10.5937/ekonhor2303245T