Kristina Mijić's research while affiliated with University of Novi Sad and other places

Publications (40)

Article
Full-text available
The aim of this research is to analyze the key factors that have an impact on the company’s financial performance during seven-years period (2013-2019). The sample consists of 460 large and very large European agricultural companies engaged in plant cultivation. Taking into account the natural and technological potentials of plant production on the...
Article
Full-text available
The purpose of this paper is to identify the determinants and indicate their impact on the company’s cash holdings in the wholesale industry in ten Balkan countries. Effective cash holdings management is key to any company’s healthy and smooth business operation, so comprehending and analyzing the relationship between the company’s internal determi...
Article
Full-text available
The primary aim of this paper is to determine the indicators that have an influence on the company growth in the field of agriculture, forestry, and fisheries during the six-year period (2014–2019). This sector is very important for sustainable development, bearing in mind the need to preserve natural resources, i.e., land, water, plant, and animal...
Article
This paper aims to provide an analysis of the profitability of audit firms in the Republic of Serbia during the period 2016-2018. The analysis is based on the data collected from the financial statements from all audit firms registered in the Republic of Serbia. The profitability analysis includes two goals. This paper will primarily provide a desc...
Conference Paper
Full-text available
Апстракт: У циљу опстанка, раста и развоја предузећа на тржишту у условима оштре конкуренције нужно се јавља борба за стицање и преузимање тржишног учешћа. Предузећа кроз заузимање значајног тржишног учешћа обезбеђују сигурност у погледу остваривања прихода које једно тржиште може да генерише. Различити односи између предузећа на једном тржишту по...
Article
Full-text available
Promoting and incorporating the concept of sustainable development and social responsibility into corporate operations and stakeholders’ growing demands for non-financial information, have conditioned the emergence of sustainability reporting. Specifically, stakeholders are louder and louder in the requirement that external reports contain, in addi...
Article
Full-text available
In this paper, the growth factors of coffee processing companies in the Republic of Serbia were analyzed by panel data technique. The growth was measured by changes in sales, while as explanatory variables were defined the following: export, size, capital turnover, revenue cycle, current ratio (liquidity ratio), debt ratio and return on assets. The...
Conference Paper
Full-text available
The aim of this paper is to provide the analysis of profitability of audit firms in Republic of Serbia during the period 2016-2018. The analysis is based on the data collected from financial statements from all audit firms registered in the Republic of Serbia. Profitability analysis includes two goals. This paper will primarily provide descriptive...
Article
Full-text available
The aim of this paper is to identify and measure the impact of internal factors on the business success of meat processing enterprises expressed through profitability. Panel analysis was constructed for the sample which includes 24 enterprises in Serbia at the period from 2007 to 2016. The accounting rate of Return on assets (ROA), as a measure of...
Article
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...
Article
Although they have different and clearly defined roles, the general purpose of external and internal audit in the public sector is to contribute to good governance of public funds, that is, efficiency, effectiveness and economy of public administration. As part of the numerous reforms in the public sector of the EU countries, as well as the Balkan...
Article
Full-text available
Company activities can be financed from own and other sources of financing. The structure of the company's funding sources points to the company's safety in terms of financial independence. The paper will analyze the sources of financing of agricultural enterprises in AP Vojvodina in the period from 2006-2015. years. An analysis of the sources of f...
Article
This study examines reliability of reported earnings of agricultural companies in the Republic of Serbian. Methodologically, the study utilizes the various regression models and univariate tests. Using sample of 1,983 firm-year observations from the period 2009 to 2013, we find that agricultural companies in the Republic of Serbia are engaged in ea...
Article
The aim of the paper is to look at the impact of takeover processes on the profitability of banks by analyzing periods prior to and after the takeover, as well as the factors that influenced the movement of banks’ profitability. In 2001 there were 86 banks operating in the Serbian market, in 2003 that number was 49, whereas today there are 30 banks...
Article
Full-text available
The aim of this paper is to identify the factors that influence the profitability of selected companies within the fruit processing industry in Serbia. Profitability was measured through the accounting indicator of the rate of return on assets (ROA). Profitability of fruit and vegetable processing companies is positive but at relatively low level....
Article
Full-text available
Increased concentration on the market often leads to a limitation of the market share of other market participants, with the increase in market share being mostly accompanied by growth in market power. The increase in market power and the dominant position of individual market participants do not always create adverse effects for other market parti...
Article
In this paper, profitability analysis of meat processing industry in Serbia was realized in period 2011-2015. Meat processing industry is one of the profitable sectors in the Republic of Serbia, with an average rate of ROA of 5.29. Even though companies in meat processing industry achieve positive net income, profitability is below referent value....
Article
In this paper, the profitability determinants of the agricultural industry in countries of CEE region, such as Hungary, Romania, Bosnia and Herzegovina, and Serbia, were analyzed. The research results for the period 2011-2014 show that profitability of agricultural industry in all countries is positive but below the reference value. Estimation of t...
Article
Full-text available
The main aim of this paper is to investigate the performances of coffee processors and coffee market in Serbia based on the market concentration analysis, profitability analysis, and profitability determinants analysis. The research was based on the sample of 40 observations of coffee processing companies divided into two groups: large and small co...
Article
Full-text available
The main goal of this paper is to compare profitability of large dairies (processors) versus large milk producers, i.e. farms with 100 or more cows, organized as companies. Profitability is measured by following indicators: return on assets and return on equity. Profitability gap analyzis shows that milk processors achieved significantly higher pro...
Article
Full-text available
In this paper, milk industry in Serbia was analyzed by comparing a profitability of milk production companies to milk processing companies. The research results for period 2010-2013 suggest that milk processing companies had better return on investment, profit margin and assets turnover than milk production companies in observed period, while diffe...
Article
Full-text available
This paper presents a comparative analysis of productivity and profitability of companies of the private and public sector from selected countries of Central and Eastern Europe (CEE). The research is based on the data of productivity and profitability from "Cranet" project. The results of analysis indicate a statistically significant difference in...
Article
Full-text available
This paper presents a research on market concentration of audit services in the Republic of Serbia during the 2008-2011 period. Market concentration was measured by Herfindahl-Hirschman index (HHI) and concentration ratio CR4, based on four independent variables: operating revenue, net earnings, number of employees and number of audit clients. The...
Article
Full-text available
This paper presents a research on market concentration of tobacco producers in the Republic of Serbia during 2010-2013. Market concentration was measured by Herfindahl Hirschman index (HHI) and Concentration index (CRn) based on independent variables: operating revenue, net earnings, equity and number of employees. The research of market concentrat...
Article
Full-text available
The paper presents results on analysis of the performance of companies in meat industry in Serbia in period 2010-2012. In examination of interactions among participants in the meat industry, companies are divided into two groups, companies in livestock production, which includes farming and breeding of domestic animals, and companies in the meat-pr...
Article
The paper presents results on analysis of the performance of companies in meat industry in Serbia in period 2010-2012. In examination of interactions among participants in the meat industry, companies are divided into two groups, companies in livestock production, which includes farming and breeding of domestic animals, and companies in the meat-pr...
Article
Considering that inventories feature as a significant cost component, especially in retail companies, inventory management requires particular attention. Various tracking indicators are used, with the turnover ratio being one of the most common. This article focuses on inventory turnover ratio determinants of Serbian large and medium sized enterpri...
Article
Full-text available
The paper presents an analysis of the performance of audit firms in the Republic of Serbia in the period 2008-2010. For this period the trend in the number of audit firms in the Republic of Serbia, the size and number of employees in audit firms, and the participation of individual audit firms in total operating revenue, employment, and net income...
Article
Full-text available
Accounting for impairment of assets in the Republic of Serbia is set out under International Accounting Standards (IAS), International Financial Reporting Standards (IFRS), and national regulation (Book of Rules on Chart of Accounts). This paper presents research on the characteristics of impairment of assets in the Republic of Serbia in the period...
Article
Implementation of accounting software provides numerous advantages compared to manual accounting system. It decreases expenses of accounting transaction processing, reduces error risk, increases efficiency of report creation etc. One of the main advantages of accounting software is its capability to generate timely and detail accounting reports as...

Citations

... According to the results, the general (Lev) and partial indicators (LTDtoA, STDtoA) characterizing the ratio of debts to assets of agricultural companies do not have a significant impact on all four used indicators characterizing financial performance. These findings contradict the results of studies stated by Liu et al. (2020), , Vuković et al. (2022), where on the contrary a significant positive effect on such indicators was found. It can be concluded that search for the optimal capital structure should not be considered as an important task for management from the standpoint of improving the financial performance of the Slovak agricultural companies. ...
... The size of cash depends on the interrelation between the capital investments needs and the internally generated funds, in line with the pecking order theory which presumes that there is hierarchy in company's financing. These conclusions show great similarity with the findings of the research in developed countries (Opler et al., 1999;Bates et al., 2009;Ferreira and Vilela, 2004;Ozkan and Ozkan, 2004) and other emerging markets (Uyar and Kuzey, 2014;Al-Najjar, 2013;Maheshwari, and Vigneswara Rao, 2017;Ahmed et al., 2018;Le et al., 2018;Jebran et al., 2019;Vuković et al., 2022;Alnori et al., 2022). ...
... The determinants of companies' growth differ in different sectors and industries in which companies operate. In a most recent study, Vukovic et al. (2022) investigated the determinants of the company's growth in the field of agriculture, forestry, and fisheries at the European Market during 2014-2019 period. They conclude that company size has a negative impact on companies' growth, ROA and leverage have a positive impact on growth, while growth is not related with the liquidity measured by current ratio, and with the profitability measured by ROE besides internal funds from retained earnings are considered main source of financing growth. ...
... On the other hand, audit firms belonging to the "Big Four" dominate the Serbian market, with uneven participation of business income, number of employees, and net profit in the structure of the total number of audit firms (Jakšić et al., 2012). Mijić and Rađo (2021) examined the profitability of audit firms in Serbia and established a growth trend for the period 2016-2018. They also concluded that belonging to an international network has a significant positive impact on the profitability of audit firms operating in Serbia. ...
... International comparison in sustainability reporting widens perspectives and provides new knowledge. Factors that influence sustainability reporting are corporate characteristics, general context factors, country-specific impact factors, and internal factors [41]. A comprehensive research study on sustainability reporting in 11 Central and Eastern Europe and 2 Western Europe countries provides significant contribution to theory and practice. ...
... In order to improve the performance of livestock production in the WB countries, it is necessary to encourage more intensive production through agricultural policy measures, which would positively affect the food industry [39]. Furthermore, it is very important in ensuring a safe supply of food and reducing import dependence [47], which can be particularly problematic in livestock production in the WB countries. Therefore, in the following period, the focus of short-term policy should be incentives to improve livestock production [48] and improve quality standards to increase competitiveness [49]. ...
... Pesquisas recentes sobre a concentração de mercado estão disponíveis a exemplo de Yumou & Shilong (2021) (2019) estimaram a concentração regional do valor bruto da produção de lenha na Paraíba e a concentração regional da produção de carvão vegetal no estado da Paraíba; Pjanic et al. (2018) analisaram a concentração do mercado de empreendimentos florestais e agropecuários em Voivodina. Conhecer a concentração do mercado no setor de PFFE é fundamental para a tomada de decisão dos segmentos que dependem dessa matéria-prima. ...
... As it can be seen, acquired trading chains had five times more market share than domestic trading chains. Increase in market share is most often the result of economies of scale (Andrašić, Milenković, Mijić, Mirović, & Kalaš, 2018). Acquired trading chains had an average market share of 40.48% in observed period while domestic trading chains had only 9.16% on the Serbian market. ...
... ti and Wagenhofer (2014) in their research include accounting-based and marketbased earnings quality measures that are commonly used in the empirical literature.Aboody et al. (2005) use the accrual value (the discretionary component of accrual) for earnings quality defining. If the absolute value of accrual is larger, the earnings quality is lower.Milić et al. (2018) used residuals from accruals models approach to capture earnings management in Serbian agricultural companies. In the research ofPagalung and Sudibdyo (2018), the earnings quality, among other things, was measured by accrual quality.Francis et al. (2008) use absolute abnormal accruals for constructing earnings quality measure too, but a ...
... This finding is similar to the findings by Kamran et al. (2017) and Cuong et al. (2018) who found that asset tangibility has a positive effect on the financial performance of listed financial firms in Pakistan and the construction-material firms listed on the Vietnam Stock Market, respectively. It is, however, different from Mehmet and Mehmet (2018) and Kristina and Dejan (2017) ...