Financial position and credit rating of companies in circular economy in Serbia
The circular economy concept is increasingly gaining in importance. The world's most developed economies pay more and more attention to this concept. The European Union adopted a special document to affirm the concept. In Serbia, this concept is in its early stages, but is being practically (pr...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Economics institute, Belgrade
2018-01-01
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| Series: | Industrija |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2018/0350-03731802077V.pdf |
| _version_ | 1818277932121980928 |
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| author | Vukadinović Predrag Cerović Slobodan Matović Vladimir Stevanović Goran |
| author_facet | Vukadinović Predrag Cerović Slobodan Matović Vladimir Stevanović Goran |
| author_sort | Vukadinović Predrag |
| collection | DOAJ |
| description | The circular economy concept is increasingly gaining in importance. The world's most developed economies pay more and more attention to this concept. The European Union adopted a special document to affirm the concept. In Serbia, this concept is in its early stages, but is being practically (production) and institutionally actuated. This paper analyses a sample of six companies engaged in different production options in the area of circular economy. The aim of the paper is to analyse the perspective of a new concept in Serbian economy, through assessment of the financial position and credit rating of these companies by applying Altman's Zʼ and Z'- adjusted score model. The findings in the paper showed that the companies which had been subject to this analysis have such financial position and credit rating that make assessment of their future optimistic. In the light of that, there is a prospect for the development of circular economy concept in Serbia. |
| first_indexed | 2024-12-12T23:09:23Z |
| format | Article |
| id | doaj.art-cb314f56497b4ecda89285eda44e62be |
| institution | Directory Open Access Journal |
| issn | 0350-0373 2334-8526 |
| language | English |
| last_indexed | 2024-12-12T23:09:23Z |
| publishDate | 2018-01-01 |
| publisher | Economics institute, Belgrade |
| record_format | Article |
| series | Industrija |
| spelling | doaj.art-cb314f56497b4ecda89285eda44e62be2022-12-22T00:08:37ZengEconomics institute, BelgradeIndustrija0350-03732334-85262018-01-0146277980350-03731802077VFinancial position and credit rating of companies in circular economy in SerbiaVukadinović Predrag0Cerović Slobodan1Matović Vladimir2Stevanović Goran3Singidunum University, BelgradeSingidunum University, BelgradeSingidunum University, BelgradeHotel Kraljevski Čardaci, KopaonikThe circular economy concept is increasingly gaining in importance. The world's most developed economies pay more and more attention to this concept. The European Union adopted a special document to affirm the concept. In Serbia, this concept is in its early stages, but is being practically (production) and institutionally actuated. This paper analyses a sample of six companies engaged in different production options in the area of circular economy. The aim of the paper is to analyse the perspective of a new concept in Serbian economy, through assessment of the financial position and credit rating of these companies by applying Altman's Zʼ and Z'- adjusted score model. The findings in the paper showed that the companies which had been subject to this analysis have such financial position and credit rating that make assessment of their future optimistic. In the light of that, there is a prospect for the development of circular economy concept in Serbia.https://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2018/0350-03731802077V.pdfcircular economyZ-score zonecredit ratingcredit risk |
| spellingShingle | Vukadinović Predrag Cerović Slobodan Matović Vladimir Stevanović Goran Financial position and credit rating of companies in circular economy in Serbia Industrija circular economy Z-score zone credit rating credit risk |
| title | Financial position and credit rating of companies in circular economy in Serbia |
| title_full | Financial position and credit rating of companies in circular economy in Serbia |
| title_fullStr | Financial position and credit rating of companies in circular economy in Serbia |
| title_full_unstemmed | Financial position and credit rating of companies in circular economy in Serbia |
| title_short | Financial position and credit rating of companies in circular economy in Serbia |
| title_sort | financial position and credit rating of companies in circular economy in serbia |
| topic | circular economy Z-score zone credit rating credit risk |
| url | https://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2018/0350-03731802077V.pdf |
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