Serbia faced the economic crisis with powerless and very fragile economy. The inconvenient transition heritage made the consequences of global economic crisis even worse. The companies that had already experien,ced serious problems approached to bankruptcy. Other, healthier com,panies, kept some...

This paper explores the determinants of the capital structure of Serbian firms listed on the regulated market using panel data. We model the leverage ratio as a function of firm-specific characteristics. The findings indicate the emerging character of Serbian corporate environment. We document...

From the present point of view, we may conclude that, besides the usual incompleteness of legal framework, lack of corporate culture, extremely long and still unfinished privatization, which was mostly inadequate and implemented inefficiently, accumulated financial structural problems in our...

Experts and economic policy creators debate various economic-growth rates without a direct insight into the capabilities of the different economic sectors motivated us to devote this paper to the research of key infrasctructure sector capabilities, both in terms of the economic prosperity of the...