Year: 2015
Type: article
Abstract: The subject of this paper is financial structure of the largest enterprises in Serbia according to the criterion of the amount of operating revenues. The financial structure includes all sources of funding. It represents the structure of liabilities of the enterprise towards the owners, creditors, suppliers and other stakeholders. The aim of this paper is to identify changes and establish the regularities in the trends of financial structures in the largest enterprises in the period after the outbreak of the Great Recession (2008-2014). The research sample comprises 186 enterprises. The research results show that greatest majority of vital enterprises in Serbia are undercapitalized and at high risk of bankruptcy. The main features of the financing structure of the largest enterprises in the reporting period were over-indebtedness and unfavorable maturity structure, with a trend of further deterioration. The research will also show the impact of financial structure on the profitability of enterprises and the level of risk of bankruptcy on the basis of Z-score adapted to developing countries.
Source: Ekonomika preduzeca
Author: Vukasin Kuc
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2329720772