Search

The application of the use of different types of loans in the real organization of agricultural production in Republic of Serbia was the focus of the authors of the study. The goal of the research was to determine the existence of legality based on the analysis of 7 factors affecting the loans of agricultural farms and medium-sized agricultural enterprises, namely: limit, repayment delay, efficiency, average exchange rate, possibility of repayment, increase in production, currency, as well as the overall score of all analyzed factors as well as the total score. Using the t test (Table 1), the authors found that there are significant differences in the evaluation of all 7 analyzed factors (p

The audit of agribusiness operations is present in companies with significant agricultural potential, which can be accepted as justified in our conditions. The agricultural sector is one of the development sectors in the Republic of Serbia, which necessarily represents a significant economic resource, and therefore the object of business audit. The factors of modern audit-based processes are conditioned by the complexity and subject specificities of the object being audited, which is expressed in the conditions of the agricultural sector. This paper will present the application of a quantitative planning method that is widely used in complex processes, and which can also be applied in the auditing processes of agricultural enterprises.

The collapse of socialism changed the global picture of the world order and on international plan shifted most of the ex-communist countries of Europe towards Euro-Atlantic integration and membership in the European Union. The economic and social transition of most post-socialist states under the influence of Euro-Atlanticists and domestic pro-Western reformers, is taking place under Washington's consensus. The proposal of international mentors was the urgent privatization, liberalization and decentralization of the economy and society. The aim of the paper is to analyze the privatization of Serbian agriculture according to the shock model, both from the aspect of the application of regulations and the work of institutions, as well as the evaluation of the success of the procedure and privatization effects. Privatization of agricultural enterprises in Serbia has shown numerous weaknesses, which manifest in the work of institutions, inadequate strategy and vision, and in economic terms of stagnation of livestock breeding, reduction of the number of agricultural holdings and increase of unemployment. In this context, the experiences of Germany and China and some European Union countries were presented, which in the choice of transition path were guided primarily by their state and national interests.

The role and content of the financial function can be seen through the identification of its tasks. They determine the volume and method of organization of the financial function in agricultural enterprises. Hierarchical priorities of tasks, their volume and complexity, the impact on business efficiency are just some aspects that affect its organization. Multi-criteria optimization methods can be used in choosing the organization and setting the model of job specialization within the organizational structure of the financial function of agricultural enterprises. By applying the individual methods that have been applied so far, not all requirements could be fully covered, so in this paper we applied a hybrid optimization model - DEMATELTOPSIS. The DEMATEL method was used for obtaining the weighting coefficients of the criteria on the basis of which the evaluation of alternatives was performed. The selection of criteria for evaluating the model was based on the analysis of the available literature. Evaluation and selection of models was performed using a multicriteria method - TOPSIS. The paper presents the practical application and sensitivity analysis of the TOPSIS method.

Since agriculture is the highly important economic activity in the Republic of Serbia, it is necessary to create an environment in which competitive agricultural enterprises will develop. However, regions in the Republic of Serbia considerably differ regarding the intensity of agricultural activity. This paper examines the impact of agricultural enterprises on the region's contribution to the gross domestic product (GDP) of the country in the period between 2010 and 2018. Activity of agricultural enterprises was observed using number of agricultural enterprises, number of employees in them, their turnover and gross value added. Random-Effects GLS regression showed that regions with higher agricultural activity contribute to the lesser extent to the GDP of the country. Research results are robust to changing sampling period and lagging independent variables. In this regard, several proposals have been recommended.

The collapse of socialism changed the global picture of the world order and on international plan shifted most of the ex-communist countries of Europe towards Euro-Atlantic integration and membership in the European Union. The economic and social transition of most post-socialist states under the influence of Euro-Atlanticists and domestic pro-Western reformers, is taking place under Washingtons consensus. The proposal of international mentors was the urgent privatization, liberalization and decentralization of the economy and society. The aim of the paper is to analyze the privatization of Serbian agriculture according to the shock model, both from the aspect of the application of regulations and the work of institutions, as well as the evaluation of the success of the procedure and privatization effects. Privatization of agricultural enterprises in Serbia has shown numerous weaknesses, which manifest in the work of institutions, inadequate strategy and vision, and in economic terms of stagnation of livestock breeding, reduction of the number of agricultural holdings and increase of unemployment. In this context, the experiences of Germany and China and some European Union countries were presented, which in the choice of transition path were guided primarily by their state and national interests.

The role and content of the financial function can be seen through the identification of its tasks. They determine the volume and method of organization of the financial function in agricultural enterprises. Hierarchical priorities of tasks, their volume and complexity, the impact on business efficiency are just some aspects that affect its organization. Multi-criteria optimization methods can be used in choosing the organization and setting the model of job specialization within the organizational structure of the financial function of agricultural enterprises. By applying the individual methods that have been applied so far, not all requirements could be fully covered, so in this paper we applied a hybrid optimization model – DEMATEL TOPSIS. The DEMATEL method was used for obtaining the weighting coefficients of the criteria on the basis of which the evaluation of alternatives was performed. The selection of criteria for evaluating the model was based on the analysis of the available literature. Evaluation and selection of models was performed using a multi criteria method - TOPSIS. The paper presents the practical application and sensitivity analysis of the TOPSIS method.

Since agriculture is the highly important economic activity in the Republic of Serbia, it is necessary to create an environment in which competitive agricultural enterprises will develop. However, regions in the Republic of Serbia considerably differ regarding the intensity of agricultural activity. This paper examines the impact of agricultural enterprises on the regions contribution to the gross domestic product (GDP) of the country in the period between 2010 and 2018. Activity of agricultural enterprises was observed using number of agricultural enterprises, number of employees in them, their turnover and gross value added. Random-Effects GLS regression showed that regions with higher agricultural activity contribute to the lesser extent to the GDP of the country. Research results are robust to changing sampling period and lagging independent variables. In this regard, several proposals have been recommended.

The research objective is to identify causes and alternatives for exiting the loss zone for agricultural enterprises in Serbia. The subject of the research is financial performance of agricultural enterprises in 2010-2014. Economic and financial power of all medium sized agricultural enterprises was determined by applying financial analysis. Based on the sample of least successful entities, the causes and alternatives for exiting the loss zone were identified. The results show that loss appears due to a reduction in operating income or in contribution margin, or due to an increase in financial expenses. The first suggested alternative refers to increasing the volume of production and sales at current global price parity, while the second assumes shifting global price parity in favour of sales prices at current real capacity utilization rate. The effects of proposed alternatives are evaluated by two measures of profitability - return on assets and return on equity.

purpose of the article is to consider the prospects of Ukraine concerning attraction of foreign investments into production of organic products. Formal-legal, materialist dialectics and comparative-legal methods are used. The attention is focused on the subjects of legal relations concerning organic production, in particular, on joint ventures with attraction of foreign capital, the stages of certification regarding the production of organic products. The temporary restrictions on the possession of agricultural land in some EU countries and in Ukraine have been analyzed. A comparative analysis of land lease institutions and the right to use another's land for agricultural needs (emphyteusis) has been carried out.

The purpose of the article is to consider the prospects of Ukraine concerning attraction of foreign investments into production of organic products. Formal-legal, materialist dialectics and comparative-legal methods are used. The attention is focused on the subjects of legal relations concerning organic production, in particular, on joint ventures with attraction of foreign capital, the stages of certification regarding the production of organic products. The temporary restrictions on the possession of agricultural land in some EU countries and in Ukraine have been analyzed. A comparative analysis of land lease institutions and the right to use anothers land for agricultural needs (emphyteusis) has been carried out.

Since the global economic crisis has spilled out into the real sector of Serbia, companies are facing a significant worsening of the financial situation and business efficiency, affecting the countrys overall economic activity. Agricultural activity, as the pillar of the successful development of the Vojvodina region, is also experiencing the negative effects of crises that have only deepened the already existing problems of bad privatization and its failure to restrict the level of companies total debt, especially short-term debt. The goal of this paper is to estimate, by using indicators of financial health, the corporate success of leading agricultural enterprises in Vojvodina in the period 2008-2010 and to determine the prospects for their business efficiency for the next two years. Based on financial statements, analysis and assessment of business performances shell be done using BEX index in the selected sample of agricultural enterprises, with the prognostic expectation for the further period.