Profitability determinants of Serbian joint-stock companies
| Autor: | Teodora Tica, Bojana Vuković, Kristina Peštović, Ivana Medved |
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| Jazyk: | English<br />Serbian |
| Rok vydání: | 2023 |
| Předmět: | |
| Zdroj: | Economic Horizons, Vol 25, Iss 3, Pp 227-241 (2023) |
| Druh dokumentu: | article |
| ISSN: | 1450-863X 2217-9232 |
| DOI: | 10.5937/ekonhor2303245T |
| Popis: | 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 in period 2017-2021. 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. |
| Databáze: | Directory of Open Access Journals |
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