UTICAJ LIKVIDNOSTI NA PROFITABILNOST PREDUZEĆA PRERAĐIVAČKOG SEKTORA U R. SRBIJI

Autori

  • Bojan Stoiljković Alfa BK Univerzitet, Palmira Toljatija 3, Beograd, R. Srbija Author https://orcid.org/0000-0003-2796-8663
  • Suzana Balaban Alfa BK Univerzitet, Palmira Toljatija 3, Beograd, R. Srbija Author
  • Milica Simić Alfa BK Univerzitet, Palmira Toljatija 3, Beograd, R. Srbija Author

DOI:

https://doi.org/10.5937/Oditor2302155S

Ključne reči:

profititabilnost, ROA, likvidnost, panel analiza

Apstrakt

Predmet ovog rada je ispitivanje uticaja likvidnosti na profitabilnost 100 preduzeća prerađivačkog sektora R. Srbije sa najvišim nivoom poslovnih prihoda u periodu od 2016. do 2020. godine. Na panel podatke primenjena je regresija sa fiksnim efektima. Na osnovu dobijenih rezultata može se tvrditi da ne postoji direktna veza između pokazatelja ubrzane likvidnosti i neto prinosa na aktivu kada su posmatrana preduzeća u pitanju, što implicira da se ne može utvrditi ni optimalan iznos gotovine i gotovinskih ekvivalenata koji bi omogućio maksimiranje neto prinosa na aktivu. Direktna veza ne postoji ni između profitabilnosti i dužine trajanja poslovnog ciklusa posmatranih preduzeća. S druge strane, brži obrt kapitala za posledicu ima viši nivo profitabilnosti, kao i rast aktive preduzeća, dok veća zaduženost ima negativne implikacije na profitabilnost preduzeća prerađivačkog sektora. Dobijeni rezultati imaju značajne implikacije na odluke finansijskih menadžera, na fnansijski sektor, kao i na nadležne državne institucije. 

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2023-12-02

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