Evaluation of financial performance and efficiency of companies in Serbia
Recently, various methods of multi-criteria decision-making, as well as DEA(Data Envelopment Analysis) models, have been used more and more worldwide to measure the financial performance and efficiency of companies. Based on that, this paper analyzes the efficiency of companies in Serbia using the A...
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| Format: | Article |
| Language: | English |
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University of Novi Sad, Technical faculty Mihajlo Pupin, Zrenjanin
2022-01-01
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| Series: | Journal of Engineering Management and Competitiveness |
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| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/2334-9638/2022/2334-96382202132L.pdf |
| _version_ | 1797976641559855104 |
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| author | Lukić Radojko |
| author_facet | Lukić Radojko |
| author_sort | Lukić Radojko |
| collection | DOAJ |
| description | Recently, various methods of multi-criteria decision-making, as well as DEA(Data Envelopment Analysis) models, have been used more and more worldwide to measure the financial performance and efficiency of companies. Based on that, this paper analyzes the efficiency of companies in Serbia using the ARAS method. According to the ARAS method, five most efficient companies in Serbia are JP POŠTA SRBIJE Belgrade, JP EPS Belgrade, JP SRBIJAGAS NOVI SAD, JP PUTEVI SRBIJE Belgrade and COCA-COLA HBC - Serbia DOO ZEMUN. First four are public companies, and the fifth is from the processing industry sector. Public enterprises are fundamentally efficient. Trading companies are well positioned. So, for example, the DELHAIZE Serbia DOO Belgrade retail chain is in the eleventh place. The efficiency factors of companies in Serbia are, in addition to macroeconomics, managerial skills in managing the company. They differ from company to company. Digitization of the company's entire operations plays a significant role in this. |
| first_indexed | 2024-04-11T04:54:07Z |
| format | Article |
| id | doaj.art-3126b3a06a724ee984fa610c5e2fbbd3 |
| institution | Directory Open Access Journal |
| issn | 2334-9638 2217-8147 |
| language | English |
| last_indexed | 2024-04-11T04:54:07Z |
| publishDate | 2022-01-01 |
| publisher | University of Novi Sad, Technical faculty Mihajlo Pupin, Zrenjanin |
| record_format | Article |
| series | Journal of Engineering Management and Competitiveness |
| spelling | doaj.art-3126b3a06a724ee984fa610c5e2fbbd32022-12-26T17:00:32ZengUniversity of Novi Sad, Technical faculty Mihajlo Pupin, ZrenjaninJournal of Engineering Management and Competitiveness2334-96382217-81472022-01-0112213214110.5937/JEMC2202132L2334-96382202132LEvaluation of financial performance and efficiency of companies in SerbiaLukić Radojko0https://orcid.org/0000-0001-6529-0297University of Belgrade, Faculty of Economics, Belgrade, SerbiaRecently, various methods of multi-criteria decision-making, as well as DEA(Data Envelopment Analysis) models, have been used more and more worldwide to measure the financial performance and efficiency of companies. Based on that, this paper analyzes the efficiency of companies in Serbia using the ARAS method. According to the ARAS method, five most efficient companies in Serbia are JP POŠTA SRBIJE Belgrade, JP EPS Belgrade, JP SRBIJAGAS NOVI SAD, JP PUTEVI SRBIJE Belgrade and COCA-COLA HBC - Serbia DOO ZEMUN. First four are public companies, and the fifth is from the processing industry sector. Public enterprises are fundamentally efficient. Trading companies are well positioned. So, for example, the DELHAIZE Serbia DOO Belgrade retail chain is in the eleventh place. The efficiency factors of companies in Serbia are, in addition to macroeconomics, managerial skills in managing the company. They differ from company to company. Digitization of the company's entire operations plays a significant role in this.https://scindeks-clanci.ceon.rs/data/pdf/2334-9638/2022/2334-96382202132L.pdfaras methodfinancial performanceefficiencyfactorscompaniesserbia |
| spellingShingle | Lukić Radojko Evaluation of financial performance and efficiency of companies in Serbia Journal of Engineering Management and Competitiveness aras method financial performance efficiency factors companies serbia |
| title | Evaluation of financial performance and efficiency of companies in Serbia |
| title_full | Evaluation of financial performance and efficiency of companies in Serbia |
| title_fullStr | Evaluation of financial performance and efficiency of companies in Serbia |
| title_full_unstemmed | Evaluation of financial performance and efficiency of companies in Serbia |
| title_short | Evaluation of financial performance and efficiency of companies in Serbia |
| title_sort | evaluation of financial performance and efficiency of companies in serbia |
| topic | aras method financial performance efficiency factors companies serbia |
| url | https://scindeks-clanci.ceon.rs/data/pdf/2334-9638/2022/2334-96382202132L.pdf |
| work_keys_str_mv | AT lukicradojko evaluationoffinancialperformanceandefficiencyofcompaniesinserbia |