CRITICAL ANALYSIS OF REALIBILITY OF THE MODEL OF INVESTMENT CREDIT APPROVAL IN AGRICULTURE AND FOOD PROCESSING INDUSTRY
DOI:
https://doi.org/10.5937/ekoPolj1603751BKeywords:
investment, customer analysis, transaction analysis, cash flow, EBITDAAbstract
Investments are funds which are invested in certain manufacturing goods, revenue on investments, the process of investment, subject in which it is invested, and which is obtained as a result of the assessment of investment. Every rational investor entering into an investment expects some benefts. Entry decision into a particular investment project carries a business risk, both for investors and for the bank as co-fnancier of the project. Accordingly, the subject of this paper-research is a critical analysis of the reliability of the model of investment credit approval in agriculture and food processing industry (MICA) used by local banks when considering whether to fnancially support investment needs of large corporate customers in the segment of secondary agriculture production and food processing industry. Applying the model of the correlation analysis, the degree of interconnectedness of indicators of the quality of assets and business performances of Serbian banking sector are quantifed.
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2. Agencija za privredne registre (2016): Brojač. [Retrieved from http://www.apr.gov.rs/, date of access 01/12/2016]
3. Barać, S., Ivaniš, M., Jeremić, Lj. (2004): Upravljanje fnansijama (ISBN 86-84277-22-8), Fakultet za fnansijski menadžment i osiguranje, Beograd, Srbija
4. Barjaktarović, L., Milojević, M., Terzić, I. (2014): Results of Applience of Benford`s Law on Serbian Companies, The book of proceedings - XIV International Symposium, Symorg, June 2014 Zlatibor, The Faculty of Organizational Sciences, Belgrade, Serbia, pp. 696-702.
5. Barjaktarović, L. (2013): Upravljanje rizikom, (ISBN 978-86-7912-527-9), Univerzitet Singidunum, Beograd, Srbija
6. Barjaktarović, L., Ječmenica, D. (2011): Osvrt na implementaciju standard Bazela II u poslovanju bankarskog sektora Srbije, Menadžment, Fakultet organizacionih nauka u Beogradu, No. 59/2011, pp. 71-77, Beograd, Srbija,
7. Belak, V. (2011): Poslovna forenzika i forenzičko računovodstvo: Borba protiv prijevare, (ISBN 978-953-55423-2-2), Belak excellens, Zagreb, Hrvatska
8. Bodie, Z., Kane, A., Marcus, A. (2008):Investments(10thEdition, ISBN 0077861671), McGraw-Hill/Irwin Series in Finance, Insurance and Real Estate, New York, USA
9. Brealey, S., Mayers, S., Marcus, A. (2007): Principles of Corporate Finance (5th edition, ISBN 9780071105927). McGraw-Hill Company, New York, USA
10. Bugarčić, U. (2015): Fraud detection in companies, The book of proceedings FINIZ 2015, December 2015, Belgrade, University Singidunum, pp. 206-209.
11. Čerović, S., Barjaktarović, L., Milojević, M. (2015): Increased Country Risk Had Impact on Regulatory of Financial Reports of Companies– Serbian Case, The book of proceedings BASIQ 2015, June 2015, Bucharest, Romania, Editura ASE, pp. 267-275.
12. Djuričin, D., Lončar, D. (2012): Menadžment pomoću projekata, (ISBN 978-86-403- 1243-1), Ekonomski fakultet, Beograd, Srbija
13. Hanić, H., Pindžo, R. (2008): Some Financial Aspects of PPP Project Management, The book of proceedings of XII International Symposium on Project Management, YUPMA 2008, 14. – 15. May 2008, Zlatibor, YUPMA, pp. 65-70.
14. Hopwood, W., Leiner, J., Young, G. (2012): Forensic Accounting and Fraud Examination (2nd edition), (ISBN 978-0078136665), McGraw Hill Irwin, New York, USA
15. Jovanović, P. (2000): Upravljanje investicijama, (ISBN 978-86-86897-06-0), Grafoslob, Beograd, Srbija
16. Knežević, S., Barjaktarović-Rakočević, S., Đurić, D. (2012): Primena i ograničenja racio analize fnansijskih izveštaja u poslovnom odlučivanju. Menadžment, Fakultet organizacionih nauka u Beogradu, No. 61, pp. 25-32, Beograd, Srbija
17. Lončar, D., Barjaktarović, L., Pindžo, R. (2015): Analiza isplativosti investicionih projekata, (ISBN 978-86-84309-30-5), Ekonomski institut, Beograd, Srbija
18. Mirdala, R., Mizdraković, V., Arežina, N., Stefanović, D. (2014): Creative Accounting: from Creativity to Misuse, The book of proceedings FINIZ, December 2014, Belgrade, University Singidunum, pp. 5-7.
19. Mirković, V. (2014): Beneish M-scoring model: Case study of the company "Jedinstvo" a.d. Sevojno, The book of proceedings FINIZ 2014, December 2014, Belgrade, University Singidunum, pp. 135-137.
20. Narodna banka Srbije (2009 - 2015): Bankarski sektor: analize i izvestaji, Beograd, Srbija, [Retrieved from http://www.nbs.rs/internet/cirilica/55/55_4/index.html, date of access 01/12/2016]
21. Palepu, K., Healy, P., Bernard, V. (2007): Business Analysis & Valuation Using Financial Statements (2nd edition), Tomson South-Western, New York, USA
22. Stanišić, N, Radojević, T, Stanić, N., Rajin, D. (2015): The Association Between Auditors Switching and Audit Opinion in the Republic of Serbia, The book of proceedings FINIZ 2015, December 2015, Belgrade, University Singidunum, pp. 9-12.
23. Stanišić, M., Petrović, Z., Vićentijević, K. (2015): Research Irregularities in the Calculation of Depreciation of Fixed Assets in the Republic of Serbia, The book of proceedings FINIZ 2015, December 2015, Belgrade, University Singidunum, pp. 1-3.
24. Todorović, M., Mitrović, Z., Bjelica, D. (2013): Measuring Project Success in Project-Oriented Organizations, Menadžment, Fakultet organizacionih nauka u Beogradu, No. 68, pp. 41-48, Beograd, Srbija,
25. Vićentijević, K., Jović, Z, Petrović, Z. (2015): The impact of impairment of receivables on the reality of fnancial reporting in the Republic of Serbia, The book of proceedings FINIZ 2015, December 2015, Belgrade, University Singidunum, pp. 49-52.
26. World Bank (2015):Bank non-performing loans to total gross loans (%),Washington, [Retrieved from http://data.worldbank.org/indicator/FB.AST.NPER.ZS/countries, date of access 01/12/2016]
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Published
2016-08-31
How to Cite
Barjaktarović, L., Pindzo, R., & Hanić, A. (2016). CRITICAL ANALYSIS OF REALIBILITY OF THE MODEL OF INVESTMENT CREDIT APPROVAL IN AGRICULTURE AND FOOD PROCESSING INDUSTRY. Ekonomika Poljoprivrede, 63(3), 751–765. https://doi.org/10.5937/ekoPolj1603751B
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Original scientific papers
