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...

Serbian Abstract: Korporativno upravljanje se može shvatiti kao skup mehanizama, koji treba da omoguće zadovoljenje interesa akcionara i ostalih stejkholdera, putem usmeravanja i kontrole menadžerskih aktivnosti. Ono treba da olakša komunikaciju i rešavanje konflikata između akcionara (kao...

Serbian Abstract: Cilj ovog priručnika je da se objasne pristupi za ocenu isplativosti i izbor predloga projekata, predviđeni pravilima Evropske unije. U tom smislu, osnova za njegovo pisanje je bio dokument koji je jula 2008. godine objavila Evropska komisija, pod nazivom Vodič za...

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...

Serbian Abstract: U razvijenim tržišnim ekonomijama se upravljanju performansama u javnoj upravi poseban značaj pridaje od 1970-ih godina i razvoja koncepta novog javnog upravljanja. Upravljanje performansama se, takođe, često dovodi u vezu sa konceptom "vrednosti za novac", koji...

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...