We investigate the relation between board structure (size and composition) and bank performance in 16 Serbian commercial banks with a dominant shareholder in 2006 2010. We analyze this relation using OLS regression analysis on an unbalanced panel dataset of 67 observations. We find no...

The earnings-return relation was subject of numerous studies since the first study of this relation conducted by Ball and Brown in 1968. These studies are relatively rare in transition economies due to specific economic environment and less developed capital markets. Despite the differences in...

Decisions on capital structure and leverage can significantly determine the capabilities of the company to survive, grow and develop. However, there is as yet no unified theoretical viewpoint on the capital structure that maximizes company value. The objective of this study is to investigate the...

External value measures are the favorite tools of modern investors and managers to assess current and prospective company's ability to achieve the goal of maximizing shareholder value. They provide a market assessment of intrinsic value of a company, and management's performance and strategy....

5S can be viewed as a system of workplace rules devised to create a safe and productive work environment and to provide efficient and effective realization of business tasks. Its implementation is expected to reduce defects, improve quality, increase safety and the morale of the employees, and...

The paper presents a theoretical framework for assessing the impact of risk management on corporate value. As the relevant factors that determine this impact, the paper analyzes market imperfections and investors' risk aversion. The results of the present research indicate that risk management...

We investigate the impact of board and ownership structure on profitability of 74 commercial banks from four transition economies of South East Europe over the 2005-2010 period. We analyse this relation using Ordinary Least Squares regression analysis on an unbalanced panel data-set of 377...

ICN Pharmaceuticals, Inc. (today Valeant Pharmaceuticals International) was a drug developer and manufacturer, known in the medical field for its development of Ribavirin, an antiviral compound used to treat various viral infections. However, ICN will probably be remembered mostly as an example...

We investigate the influence of Slovakia accession to European Union on efficiency of Slovak banks over the period 2001-2009. Using a nonparametric approach, we estimate five different efficiency scores, namely cost, allocative, technical, pure technical, and scale efficiency. To test the impact...

This paper explores the attitudes of the preparers of financial statements in the emerging economy of Serbia towards International Financial Reporting Standards (IFRS). Our research shows that preparers are mainly satisfied with the quality of IFRS and the environment for IFRS application in...