THE ANALYSES BUSINESS PERFORMANCES OF AGRICULTURAL ENTERPRISES IN VOJVODINA DURING THE CURRENT CRISIS

Abstract

Since the global economic crisis has spilled out into the real sector of Serbia, companies are facing a significant worsening of the financial situation and business efficiency, affecting the countrys overall economic activity. Agricultural activity, as the pillar of the successful development of the Vojvodina region, is also experiencing the negative effects of crises that have only deepened the already existing problems of bad privatization and its failure to restrict the level of companies total debt, especially short-term debt. The goal of this paper is to estimate, by using indicators of financial health, the corporate success of leading agricultural enterprises in Vojvodina in the period 2008-2010 and to determine the prospects for their business efficiency for the next two years. Based on financial statements, analysis and assessment of business performances shell be done using BEX index in the selected sample of agricultural enterprises, with the prognostic expectation for the further period.