ANALYSIS OF VARIATIONS IN PROFITABILITY AND INDEBTEDNESS OF AGRICULTURAL COMPANIES IN AP VOJVODINA

Vera Mirović, Branimir Kalaš, Kristina Mijić

DOI Number
https://doi.org/10.22190/FUEO1902161M
First page
161
Last page
169

Abstract


The measurement of agricultural companies in terms of profitability and indebtedness enables a real determination of role and position of these companies in the agricultural sector in AP Vojvodina. The aim of the paper is to show the presence or absence of significant difference in the performance level of agricultural companies from the aspect of profitability and indebtedness. Agricultural companies in AP Vojvodina were more profitable and more indebted in the period before 2013 compared to the period after 2013. The results show that there is a significant difference in profitability level of agricultural companies in AP Vojvodina between the period 2013 and after 2013. Using MANOVA test, it is identified a significance for return on assets (ROA), return on equity (ROE) and net income per employee. On the other hand, results reflect there is no significant difference in indebtedness level of agricultural companies in AP Vojvodina between the period before 2013 and after 2013.


Keywords

agricultural companies, performance, profitability, indebtedness, MANOVA

Full Text:

PDF

References


Andrašić, J., Mijić, K., Mirović, V. & Kalaš, B. (2018). The modelling factors of agricultural companies performances. Custos e@gronegocio on line, 14 (4), 223-240.

Asiri, B. (2015). How investors perceive financial ratios at different growth opportunities and financial leverages. Journal of Business Studies Quarterly, 6 (3), 1-12.

Daku, L., Norton, G., Taylor, D. & Qenani-Petrela, E. (2005). Agricultural extension in South-Eastern Europe: Issues of transition and sustainability. The Journal of Agricultural Education and Extension, 11 (1-4), 49-61.

Jakšić, D., Vuković, B. & Mijić, K. (2011). Analysis of the financial position of agricultural companies in the Republic of Serbia. Economics of Agriculture, 58 (1), 81-90.

Jakšić, D., Mijić, K., Zekić, S. & Poljašević, J. (2015). Comparative profitability analysis of milk production to milk processing companies in Serbia. Custos e@gronegocio on line, 11 (3), 206-226.

Jakšić, D., Ristić, M., Mijić, K. & Zekić, S. (2016). Profitabilnost poljoprivrednih preduzeća u zemljama Jugoistočne Evrope [Profitability of agricultural enterprises in the countries of Southeast Europe]. Agroekonomika, 45 (71), 1-11.

Kalaš, B. Mijić, K. & Andrašić, J. (2017). Performanse poljoprivrednih preduzeća u AP Vojvodini [The performance of agricultural companies in Vojvodina]. Agroekonomika, 46 (75), 43-52.

Kimmel, P., Weygandt, J. & Kieso, D. (2012). Financial Accounting. New Jersey: John Wiley & Sons.

Kuzman, B., Đurić, K., Mitrović, Lj. & Prodanović, R. (2017). Agricultural budget and agriculture development in Republic of Serbia. Economics of Agriculture, 64 (2), 515-531.

Mijić, K., Zekić, S. & Jakšić, D. (2016). Profitability analysis of meat industry in Serbia. Facta Universitatis Series: Economics and Organizations, 13 (4). 379-386.

Mirović, V., Mijić, K. & Andrašić, J. (2018). Korporativne performanse poljoprivrednih preduzeća u AP Vojvodini sa aspekta izvora finansiranja [Corporate performance of agricultural enterprises in AP Vojvodina from the aspect of financing sources]. Anali Ekonomskog fakulteta u Subotici, 54 (40), 95-105.

Petrović-Ranđelović, M. & Marjanović, V. (2010). The main trends and prospects of the agricultural development in Serbia. Facta Universitatis Series: Economics and Organization, 7 (4), 373-384.

Pjanić, M., Vuković, B. & Mijić, K. (2018). Analysis of the Market Concentration of Agricultural Enterprises in AP Vojvodina. Strategic Management, 23 (4), 40-45.

Račić, Ž., Barjaktarović, L. & Zeremski, A. (2011). Analysis of indebtedness impact on the profitability of successful domestic companies in the financial crisis. Industry, 39 (3), 45-60.

Vučković, B. (2016). Causes of different profitability of agricultural sector. Economics of Agriculture, 63 (1), 123-141.




DOI: https://doi.org/10.22190/FUEO1902161M

Refbacks

  • There are currently no refbacks.


ISSN 0354-4699 (Print)

ISSN 2406-050X (Online)