BUSINESS OPERATIONS OF ENTREPRENEURIAL STORES IN THE FIELD OF AGRICULTURE IN THE REPUBLIC OF SERBIA IN THE PERIOD 2015-2019

Authors

DOI:

https://doi.org/10.5937/ekoPolj2102547F

Keywords:

agriculture, entrepreneurship, ratio analysis, PROMETHEE method, entropy method

Abstract

Entrepreneurship development represents one of the very important factors in the development of economies in transition. Bearing in mind that most of these economies still have a significant share of agricultural products in the structure of production and exports, special attention should be paid to the development of entrepreneurship in the field of agriculture. The research results in this paper indicate that the share of entrepreneurs in this business activity in the total number of entrepreneurs is extremely low, as well as that their share in employment in state subventions is also low, and it can be concluded that entrepreneurship in agriculture is still not sufficiently developed. By using PROMETHEE and the entropy method, a comparative analysis of the performance of entrepreneurs in this sector and entrepreneurs in other business activities within the real sector of the economy was performed and it was concluded that the key limitations in the business operations of these entrepreneurs are inefficient funds management and high indebtedness.

Downloads

Download data is not yet available.

References

1. Aničić, D., Obradović, M., & Vukotić, S. (2018). Impact of economic policy on the management of competitiveness of the agriculture sector in Serbia. Economics of Agriculture, 65(1), 187-200. https://doi.org/10.5937/ekoPolj1801187A
2. APR, (2020). Annual report on business operations of the economy in 2019, available at: https://www.apr.gov.rs/upload/Portals/0/GFI_2020/Makroekonomska_saopstenja/Godisnji_izvestaj_o_poslovanju_privrede_u_2019.pdf
3. APR, Annual Bulletin of Financial Statements, available at: https://www.apr.gov.rs/registri/finansijski-izvestaji/publikacije/godisnji--bilten-finansijskihizvestaja.2127.html
4. Dimitrijević, M., Vržina, S., & Leković, M. (2020). Agricultural enterprises and economic growth: A regional analysis in the Republic of Serbia. Economics of Agriculture, 67(2), 585-600. https://doi.org/10.5937/ekoPolj2002585D
5. Despotović, D., & Durkalić, D. (2017). Analysis of budget deficit in the candidate countries for EU membership. Serbian Journal of Management, 12(2), 237-253.
6. Durkalić, D., Furtula, S., Borisavljević, K. (2019), Ranking tourism market perfomance in EMU countries: results of PROMETHEE - GAIA approach, Hotel and Tourism Management, 7(2), 67-76, https://doi:10.5937/menhottur1902067D
7. Đurić, K., Tomaš-Simin, M., Glavaš-Trbić, D., & Lukač-Bulatović, M. (2020). Challenges of the common agricultural policy of the European Union in the period after 2020. Economics: theory and practice, 13(3), 34-47.
8. Đurić, K., Prodanović, R., Čavlin, M., & Lukač-Bulatović, M. (2020). Economic performance of agroindustry in AP Vojvodina. Oditor – časopis za menadžment, finansije i pravo, 6(2), 7-19. https://doi.org/10.5937/Oditor2002007D
9. Ilić, V., Bauer, I., Djelić, A. T., & Nešković, A. (2017). Institutional support for strengthening entrepreneurship in agricultural production of the Republic of Serbia. Economics of Agriculture, 64(4), 1537-1554. https://doi.org/10.5937/ekoPolj1704537I
10. Jurjević, Ž., Bogićević, I., Djokić, D., & Matkovski, B. (2019). Information technology as a factor of sustainable development of Serbian agriculture. Strategic management, 24(1), 41-46.
11. Kuzman, B., Djurić, K., Mitrović, L., & Prodanović, R. (2017). Agricultural budget and agriculture development in Republic of Serbia. Economics of Agriculture, 64(2), 515-531. https://doi.org/10.5937/ekoPolj1702515K
12. Law on Agriculture and Rural Development, Official Gazette of RS, no. 41/09, 10/13-state law and 101/16
13. Law on Amendments to the Law on Personal Income Tax, Official Gazette of RS no. 113/2017.
14. Miskic, M., Njegomir, V., & Stojic, D. (2018). Agricultural entrepreneurship andproduction risk management in serbian farms. CUSTOS E AGRONEGOCIO ONLINE, 14(3), 254-268.
15. National Program for Agriculture for the period 2018-2020, Official Gazette of RS, no .120/17
16. Njegomir, V., Tepavac, R., & Ivanišević, N. (2017). Alternative sources of financing entrepreneurial undertakings in agriculture. Economics of Agriculture, 64(1), 295-306. https://doi.org/10.5937/ekoPolj1701295N
17. Prodanović, R., Kuzman, B., Jahić, M., & Đurić, K. (2018). Objectives, possibilities and limitations of the IPARD II proram in the development of the agrarian sector of the Republic of Serbia. Business School Magazine, (2), 149-164.
18. RZS (Statistical Office of the Republic of Serbia), 2020. Monthly statistical bulletin, https://publikacije.stat.gov.rs/G2021/Pdf/G20213001.pdf
19. RZS (Statistical Office of the Republic of Serbia), 2020. Monthly statistical bulletin, https://publikacije.stat.gov.rs/G2021/Pdf/G20213001.pdf
20. RZS (Statistical Office of the Republic of Serbia), 2020. Monthly statistical bulletin, https://publikacije.stat.gov.rs/G2021/Pdf/G20213001.pdf
21. RZS (Statistical Office of the Republic of Serbia), 2020. Monthly statistical bulletin, https://publikacije.stat.gov.rs/G2021/Pdf/G20213001.pdf
22. Strategy of Agriculture and Rural Development of the Republic of Serbia for the period 2014-2024, Official Gazette of RS, no. 85/14
23. Sekulić, N.M., Živadinović, J., & Dimitrijević, L. (2018). Concerns about hamonization process of Serbian agricultural policy with EU standards. Economics of Agriculture, 65(4), 1627-1639. https://doi.org/10.5937/ekoPolj1804627M

Downloads

Published

2021-06-24

How to Cite

Fedajev, A., Milićević, R., Cvetković, M., & Cogoljević, V. (2021). BUSINESS OPERATIONS OF ENTREPRENEURIAL STORES IN THE FIELD OF AGRICULTURE IN THE REPUBLIC OF SERBIA IN THE PERIOD 2015-2019. Economics of Agriculture, 68(2), 547–563. https://doi.org/10.5937/ekoPolj2102547F