Naumoski, Aleksandar - In: Ekonomske teme 60 (2022) 3, pp. 281-301
This paper investigates the intercompany-specific characteristics as a determinant of the sustainable growth rate. We … 2010-2019 period is only 0.38%, while the sustainable growth rate was 1.42%. This is because of the poor operating … in specific years is drastically higher than the sustainable growth rate, while in certain years it is negative. The …