Panel Analysis of Relationship Between Sales and Profitability of Crop Production Companies in the Republic of Serbia
This paper presents the research on factors influencing profitability of crop production companies in the Republic of Serbia. The research is based on 416 observations of financial statements of crop production companies during the period 2008–2023. The analysis was conducted using panel data models...
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| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Sciendo
2024-12-01
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| Series: | Contemporary Agriculture |
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| Online Access: | https://doi.org/10.2478/contagri-2024-0030 |
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| author | Dakić Stojanka Nuševa Daniela Peštović Kristina Ilić Teodora Tica Nedeljko Jakšić Dejan |
| author_facet | Dakić Stojanka Nuševa Daniela Peštović Kristina Ilić Teodora Tica Nedeljko Jakšić Dejan |
| author_sort | Dakić Stojanka |
| collection | DOAJ |
| description | This paper presents the research on factors influencing profitability of crop production companies in the Republic of Serbia. The research is based on 416 observations of financial statements of crop production companies during the period 2008–2023. The analysis was conducted using panel data models. Profitability was measured by return on assets, while the independent factors examined included: size, leverage, sales growth and current ratio. The findings reveal that although crop production companies in the Republic of Serbia have an average positive profitability rate, the level remains low. Furthermore, the results indicate that sales growth has a positive and significant impact on profitability, while the current ratio and size have a negative and significant effect. The results of the study are significant for a wide range of stakeholders, including managers, owners and regulatory bodies, as the results indicate the profile of crop production companies that can be used for improving profitability and fostering sustainable growth and development. |
| format | Article |
| id | doaj-art-b618b7b8b2844bd085a6663ca9799c5d |
| institution | Kabale University |
| issn | 2466-4774 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Contemporary Agriculture |
| spelling | doaj-art-b618b7b8b2844bd085a6663ca9799c5d2024-12-16T08:58:20ZengSciendoContemporary Agriculture2466-47742024-12-01733-425025810.2478/contagri-2024-0030Panel Analysis of Relationship Between Sales and Profitability of Crop Production Companies in the Republic of SerbiaDakić Stojanka0Nuševa Daniela1Peštović Kristina2Ilić Teodora3Tica Nedeljko4Jakšić Dejan51Faculty of Economics in Subotica, University of Novi Sad, Subotica, Serbia1Faculty of Economics in Subotica, University of Novi Sad, Subotica, Serbia1Faculty of Economics in Subotica, University of Novi Sad, Subotica, Serbia1Faculty of Economics in Subotica, University of Novi Sad, Subotica, Serbia2Faculty of Agriculture, University of Novi Sad, Novi Sad, Serbia1Faculty of Economics in Subotica, University of Novi Sad, Subotica, SerbiaThis paper presents the research on factors influencing profitability of crop production companies in the Republic of Serbia. The research is based on 416 observations of financial statements of crop production companies during the period 2008–2023. The analysis was conducted using panel data models. Profitability was measured by return on assets, while the independent factors examined included: size, leverage, sales growth and current ratio. The findings reveal that although crop production companies in the Republic of Serbia have an average positive profitability rate, the level remains low. Furthermore, the results indicate that sales growth has a positive and significant impact on profitability, while the current ratio and size have a negative and significant effect. The results of the study are significant for a wide range of stakeholders, including managers, owners and regulatory bodies, as the results indicate the profile of crop production companies that can be used for improving profitability and fostering sustainable growth and development.https://doi.org/10.2478/contagri-2024-0030crop production companiespanel analysisprofitabilitysales |
| spellingShingle | Dakić Stojanka Nuševa Daniela Peštović Kristina Ilić Teodora Tica Nedeljko Jakšić Dejan Panel Analysis of Relationship Between Sales and Profitability of Crop Production Companies in the Republic of Serbia Contemporary Agriculture crop production companies panel analysis profitability sales |
| title | Panel Analysis of Relationship Between Sales and Profitability of Crop Production Companies in the Republic of Serbia |
| title_full | Panel Analysis of Relationship Between Sales and Profitability of Crop Production Companies in the Republic of Serbia |
| title_fullStr | Panel Analysis of Relationship Between Sales and Profitability of Crop Production Companies in the Republic of Serbia |
| title_full_unstemmed | Panel Analysis of Relationship Between Sales and Profitability of Crop Production Companies in the Republic of Serbia |
| title_short | Panel Analysis of Relationship Between Sales and Profitability of Crop Production Companies in the Republic of Serbia |
| title_sort | panel analysis of relationship between sales and profitability of crop production companies in the republic of serbia |
| topic | crop production companies panel analysis profitability sales |
| url | https://doi.org/10.2478/contagri-2024-0030 |
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