АНАЛИЗА ДЕТЕРМИНАНТИ РАСТА ПОЉОПРИВРЕДНИХ ПРЕДУЗЕЋА СА ТЕРИТОРИЈЕ АП ВОЈВОДИНЕ
DOI:
https://doi.org/10.22190/TEME240713054MKljučne reči:
раст, детерминанте раста, пољопривредна предузећа, Аутономна покрајина Војводине, панел анализа податакаApstrakt
Овај рад има за циљ да идентификује и анализира основне детерминанте раста пољопривредних предузећа са територије АП Војводине у периоду од 2019. до 2022. године. Узорак на основу кога је спроведено истраживање односа између стопе раста продаје предузећа и одабраних интерних детерминанти, које потенцијално имају утицај на раст предузећа, се састоји од 329 малих, средњих и великих пољопривредних преузећа. Панел регресиони модел је коришћен приликом анализе одабраних детерминанти на раст предузећа. Постављене истраживачке хипотезе су тестиране на основу модела уопштених најмањих квадрата. Добијени резултати су показали да постоји позитивна и статистички значајна повезаност између стопе раста продаје пољопривредних предузећа са територије АП Војводине и њихове величине, профитабилности, задужености и пословне активности у анализираном периоду. Поред тога, ликвидност предузећа има позитиван, али не и статистички значајан утицај на раст предузећа. Резултати анализе указују да већа, профитабилнија, задуженија и пословно активнија предузећа имају већу стопу раста продаје.
Reference
Aggarwal, P. (2015). An empirical evidence of measuring growth determinants of Indian firms. Journal of Applied Finance & Banking, 5(2), 45–66.
Aljandali, A., & Tatahi, M. (2018). Economic and Financial Modelling with EViews: A Guide for Students and Professionals. Cham, Switzerland: Springer International Publishing. Retrieved from http://www.springer.com/series/10377
Bashir, Z., Arshad, M.U., Asif, M., & Khalid, N. (2020). Driving factors of growth evidence in the food and textile sectors of Pakistan. Financial Internet Quarterly, 16(1), 11–19. https://doi.org/10.2478/fiqf-2020-0002
Becchetti, L., & Trovato, G. (2002). The determinants of growth for small and medium sized firms: the role of the availability of external finance. Small Business Economics, 19(4), 291-306.
Boslaugh, S., & Watters, P. A. (2008). Statistics in a Nutshell (1st ed.). Sebastopol, USA: O’Reilly Media, Inc.
Carvalho, P.G., Maçãs Nunes, P., & Serrasqueiro, Z. (2013). Growth determinants of small and medium sized fitness enterprises: Empirical evidence from Portugal. European Sport Management Quarterly, 13(4), 428–449.
Đurović Todorović, J., Ristić Cakić, M., & Starčević, V. (2022). Economic growth and tax components: An analysis of corporate income tax incentives and their impact on the economic growth in Serbia. Teme, 46(2), 541-559. https://doi.org/10.22190/TEME210521028D
Endri, E., Sari, A. K., Budiasih, Y., Yuliantini, T., & Kasimir, K. (2020). Determinants of profit growth in food and beverage companies in Indonesia. Journal of Asian Finance, Economics and Business, 7(12), 739-748. https://doi.org/10.13106/jafeb.2020.vol7.no12.739
Ercegovac, D., Kostić, S., & Colić, V. (2023). The analysis of the AP Vojvodina agricultural enterprises growth and development. 7th International Scientific Conference on IT, Tourism, Economics, Management and Agriculture - ITEMA2023 (p. 43). UdEkoM Balkan.
Hameed, I., Iqbal, A., & Ramzan, N. (2012). The impact of debt capacity on firm’s growth. American Journal of Scientific Research, 59, 109–115.
Hermelo, F.D., & Vassolo, R. (2007). The determinants of firm growth: An empirical examination. Abante, 10(1), 3–20.
Huynh, K., & Petrunia, R. (2010). Age effects, leverage and firm growth. Journal of Economic Dynamics and Control, 34(5), 1003–1013. https://doi.org/10.1016/j.jedc.2010.01.007
Kachlami, H., & Yazdanfar, D. (2016). Determinants of SME Growth: The influence of financing pattern: An empirical study based on Swedish data. Management Research Review, 39(9), 966–986. http://dx.doi.org/10.1108/MRR-04-2015-0093
Kostić, S., Alavuk, Đ., Colić, V., & Ercegovac, D. (2023). Analiza poljoprivredne proizvodnje u AP Vojvodina i perspective daljeg razvoja [Analysis of agricultural production in the AP Vojvodina and development prospects]. Agroekonomika, 52(101), 51-60.
Liu, W.C., & Hsu, C.M. (2006). Financial structure, corporate finance and growth of Taiwan’s manufacturing firms. Review of Pacific Basin Financial Markets and Policies, 9(1), 67–95. https://doi.org/10.1142/S0219091506000653
Malinić, D., Denčić-Mihajlov, K., & Grabiński, K. (2020). Reexamination of the determinants of firms’ growth in periods of crisis. Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu, 38(1), 101-124. https://doi.org/10.18045/zbefri.2020.1.101
Mateev, M., & Anastasov, Y. (2010). Determinants of small and medium sized fast growing enterprises in central and eastern Europe: a panel data analysis. Financial theory and practice, 34(3), 269-295.
Megaravalli, A.V., & Sampagnaro, G. (2018). Firm age and liquidity ratio as predictors of firm growth: Evidence from Indian firms. Applied Economics Letters, 25(19), 1373–1375. http://dx.doi.org/10.1080/13504851.2017.1420883
Mijić, K., Nuševa, D., & Jakšić, D. (2018). The determinants of SMEs profitability in the wholesale and retail sector in Serbia. Teme, 42(1), 97-111. Doi: https://doi.org/10.22190/TEME1801097M
Mijić, K., & Jakšić, D. (2017). The determinants of agricultural industry profitability: evidence from southeast Europe. Custos e agronegócio, 13(1), 154-173
Milošev, I. (2023). Determinations of profitability in the agriculutral sector in Serbia. Economics of Agriculture, 70(4), 953–966. https://doi.org/10.59267/ekoPolj2304953M
Mishra, S., & Deb, S. G. (2018). Predictors of firm growth in India: An exploratory analysis using accounting information. Cogent Economics & Finance, 6(1), No. 1553571. https://doi.org/10.1080/23322039.2018.1553571
Raharjo, A. S., & Lestari, H. S. (2022). Factors affecting firm growth of non-cyclical consumer industry companies listed on Indonesia Stock Market in 2022. International Journal of Education, Information Technology and Others, 5(4), 65-73. https://doi.org/10.5281/zenodo.6972690
Sarno, D. (2008). Capital structure and growth of the firms in the backward regions of the SouthItaly. Applied Financial Economics, 18(10), 821-833.
Todorović, M., & Kalinović, M. (2022). The contribution of development factors to economic growth on various GDP levels – the middle-income trap. Teme, 46(4), 1029-1049. https://doi.org/10.22190/TEME220520054T
Tomašević, S.M., Jović, Z.D., & Vlaović Begović, S.M. (2019). Uticaj veličine preduzeća na profitabilnost poljoprivrednih preduzeća u Republici Srbiji [The impact of enterprise size on the profitability of agricultural enterprises in the Republic of Serbia]. Journal of Agricultural Sciences (Belgrade), 64(3), 293-302. https://doi.org/10.2298/JAS1903293T
Voulgaris, F., Asteriou, D., & Agiomirgianakis, G. (2003). The determinants of small firm growth in the Greek manufacturing sector. Journal of Economic Integration, 18(4), 817–836.
Vuković, B., Peštović, K., Mirović, V., Jakšić, D., & Milutinović, S. (2022). The analysis of company growth determinants based on financial statements of the European companies. Sustainability, 14(2), 770. https://doi.org/10.3390/su14020770
Vuković, B., Milutinović, S., Mijić, K., Krsmanović, B., & Jakšić, D. (2022a). Analysis of financial performance determinants: evidence from the European agricultural companies. Custos e agronegócio, 18(1), 285-306.
Vuković, B., Tica, T., & Jakšić, D. (2022b). Sustainable growth rate analysis in Eastern European Companies. Sustainability, 14(17), 10731. https://doi.org/10.3390/su141710731
Vuković, B., Milutinović, S., Mirović, V., & Milićević, N. (2020). The profitability analysis of the logistics industry companies in the Balkan countries. Promet—Traffic & Transportation, 32(4), 497–511.