Dusica Srbinoska

• PhD in Finance Management
• University American College Skopje

Purpose: Amidst heated discussions on EU boardroom gender quotas, the imbalance in boardroom gender representation has intensified interest in its impact on corporate performance. This study examines the influence of female board members on company outcomes, factoring in governance, corporate characteristics, and sustainability considerations. Meth...

Objective: This paper investigates the factors that enhance employee motivation within North Macedonia's three largest energy companies (ESM, MEPSO, and EVN Macedonia) and examines how these factors vary in relevance according to employee age.Method: A qualitative approach was employed, involving the creation and distribution of a questionnaire to...

The circular economy involves three main processes - waste reduction, resource reuse, and material recycling. This makes it a more sustainable alternative to the linear nature of today's aggressive production and consumption. The need to implement this model requires exploring the interest of younger people in their proactive involvement in the cir...

Businesses utilize budgets to prioritize and allocate limited resources effectively, ensuring the smooth operation of essential events and activities. Effective budget management is pivotal for successful resource allocation, particularly for small and medium-sized enterprises (SMEs) which often face challenges during their initial stages, with ine...

"This research aims to explore how the stock exchange indexes of developed and developing Mediterranean countries are interrelated, both during times of crisis and stability. Specifically, it examines the association between Macedonia's MBI10 index and the stock exchange indexes of Serbia (BELEX15), Italy (FTSE MIB), and Spain (IBEX35) from 2005 to...

Learning about Circular Economy: Report from the curriculum mapping and student survey 2024. Erasmus+ project Leaders of the Green Economy

The banking industry contributes to the economic expansion since it is considered the keeper and supplier of liquid capital, essential for all commercial and industrial activity. The primary goal of commercial banks is to generate profits while serving clients and maintaining liquidity positions. Hence, this study aims to examine and evaluate the r...

As management and stakeholder decisions are shaped upon information obtained from accounting, assurance is vital for ensuring the reliability of economic information systems. Considering the role of auditing as a governance mechanism, this chapter seeks to assess the extent to which going concern audit opinion (GCAO) helps in reducing information a...

Benchmarking is crucial in positioning companies on the market and achieving high financial results. Nowadays, processes, products, services and globally all segments of a business are subject to constant changes. Hence, keeping up with the activities and changes of competitors is of paramount importance. This work explores the benchmarking concept...

As a vital external governance mechanism, the audit report transmits important information about the entity's performance and reporting quality. Benefiting from a novel dataset, this study is the first paper to evaluate audit report modifications in North Macedonia's emerging economy. Using a sample of 99 nonfinancial listed entities for 2014-2017,...

Research dealing with non-financial reporting in the telecommunications sector is progressively expanding. This paper examines whether there is a difference between the non-financial reporting and corporate social responsibility practices in the telecommunications sector in a country where there is no mandatory requirement to make non-financial rep...

The aim of the paper is to examine the level of interdependence between developing and developed stock markets. The correlation of the Macedonian (MBI10) stock exchange index with the Belgrade (BELEX15), the Six Swiss (SLI) and the Euronext Paris (CAC40) stock exchanges from November 2005 to October 2018 was studied. In order to assess the impact o...

Financial statements reflect important information about the entity's financial position, operating performance, and cash flows and must be made available in a timely fashion to all interested factions to stimulate opportune business judgments. Ergo, this paper examines the association of the audited annual report delay with eight entity and audit...

Inventory valuation is a major topic in the accounting practice. Inventory valuation is reflected in financial reporting, i.e. the balance sheet and the profit and loss account and the choice of the right inventory cost flow method is one of the basic decisions all companies engaged in manufacturing and distribution of goods need to make. Preferabl...

The recent years have witnessed the emergence of “Green” Human Resource Management (HRM) as one of the main strategic concepts which aims to shape employee behaviour to help organizations achieve a sustainable competitive advantage. In practice, organizations have been dedicated to building “green” organizational cultures within their businesses. A...

Research Question: What is the association between the choice of contemporary cost management methods and enterprise and employee characteristics? Motivation: Modern techniques of cost accounting assist strategic management of contemporary organization to achieve their strategic objectives. External versus internal, long-term unlike short-term pers...

This paper examines theoretically and empirically the spillover effects of FDIS in North Macedonia: The research focuses on the implications from business-to-business (B2B) relations between local companies and multi-national enterprises (MNES) operating in the free economic zones (TIDZ) in North Macedonia: A specially designed survey was conducted...

The relationship between liquidity and profitability is one of the most interesting topics in the corporate finance research. Having in mind that the pharmaceutical industry is one of the most competitive sectors globally and that its substantial investments in research and development make this industry a key asset for a country's economic well-be...

Academicians and policy makers alike state that technology is the catalyst of growth for small medium businesses (SMEs). The review of past research reveals that the strategic upside of technology is the accomplishment of competitive advantage through their business strategies. The effective implementation of advanced technologies enables companies...

Liquidity management has a considerable influence on company performance. By analyzing secondary financial company data, this paper seeks to assess the correlation between liquidity and profitability. Through the use of audited annual report of 76 non-financial entities listed on the Macedonian Stock Exchange for the period 2014-2017, the study loo...

By surveying legal entities headquartered in the FYR Macedonia, this research investigates the relationship between entity size, the independent variables and the adoption of budgeting, the dependent variable. The study also looks at the perceived advantages and disadvantages of budgeting. In order to obtain basis for the field research, existing l...

Numerous studies unveil the benefits of using activity-based costing systems (ABC) in the service industry in order to improve service quality while keeping costs under control. But, is ABC perceived as a strategic tool to improve competitive positioning and how should insurance businesses implement ABC to achieve this costing system benefits. Rese...

Selecting the best integration approach is a meticulous and sensitive process that can mold the completion of the merger and/or acquisition transaction. In this paper, I discuss that implementing the proper integration approach leads to mitigating or increasing impending risks when going into major company restructuring events. If proper selection...

Mergers and acquisitions are driven by the same motive: synergy creation and realization of larger value by combining companies. However, numerous merger and acquisition efforts show a lack of critical success elements: attention directed towards integration of employees and work processes. In this research, I focus on analysis of the meaning of po...

p> The act of due diligence is of vital importance when considering the possibility to enter the Macedonian market through merger and/or acquisition transactions. In this paper, I discuss that due diligence helps reduce potential risks or even results with curtailing the transaction as most of the Letters of intent never come to life. Many Macedoni...