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The Analysis of the Financial Risk of Trade in Serbia

Author

Listed:
  • Radojko LUKIC

    (Faculty of Economics, Belgrade, University of Belgrade)

Abstract

The analysis of the factors of retail companies' bankruptcy has lately been a very challenging research question. It was largely influenced by the existing unfavorable, unstable and uncontrollable general business conditions. Taking this into consideration, this paper examines the risk of bankruptcy of trade, especially retail companies in Serbia. In doing so, the research methodology is based on the measurement of bankruptcy risk developed by Kralicek on the example of European companies (DF value indicator and Quick Test). In view of similar general business conditions it fully corresponds to the analysis and forecast of the financial risk of trading companies in Serbia. By applying the Kralicek's method of assessment – the financial stability of trading companies in Serbiaismoderate. Due to this, it will be necessary to encourage the improvement of financial stability in the future by applying the appropriate measures in trading companies in Serbia.

Suggested Citation

  • Radojko LUKIC, 2020. "The Analysis of the Financial Risk of Trade in Serbia," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 21(4), pages 518-529, October.
    • Handle: RePEc:rom:rmcimn:v:21:y:2020:i:4:p:518-529
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    File URL: https://www.rmci.ase.ro/no21vol4/07.pdf
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    References listed on IDEAS

    as
    1. Václav Klepáč & David Hampel, 2016. "Prediction of Bankruptcy with SVM Classifiers Among Retail Business Companies in EU," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 64(2), pages 627-634.
    2. Radojko LUKIC, 2015. "The Analysis of Efficiency of Managing Inventories in Trade in Serbia," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(2), pages 222-238, May.
    3. Johnny Pang & Mark Kogel, 2013. "Retail Bankruptcy Prediction," American Journal of Economics and Business Administration, Science Publications, vol. 5(1), pages 29-46, September.
    4. Antoneta Polo & Christos Ladias & Enkela Caca, 2015. "Relationship between the Altman Z-Score and Quick Kralicek Test in Assessing Economic Units," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 1, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    business indicators; Kralicek's DF indicator; QuickTest model; financial stability; profitability.;
    All these keywords.

    JEL classification:

    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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