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The Analysis of the Efficiency of Capital Investments in Trade of Serbia

Author

Listed:
  • Radojko LUKIC

    (University of Belgrade, Serbia)

Abstract

The capital investments are significant factor of efficiency of trading companies business. The aim of this work is to empirically research the efficiency of capital expenditure in fixed assets of trading companies, with detailed insight into Serbia. All the relevant methods of research are applied, above all comparative and statistical analysis. The results of the research show that the efficiency of fixed capital expenditure of trading companies in Serbia are significantly lower compared to countries with developed market economy and EU. It is the result of unfavourable business conditions and low purchasing power of citizens. The main contribution of this work is to indicate the need of undertaking relevant measures by managers of trading companies so as to improve efficiency of capital expenditures in fixed assets, as important determinant of overall performance. These measures are primarily related to stronger implementation of modern technology, faster development of electronic trade, research, development and innovation.

Suggested Citation

  • Radojko LUKIC, 2016. "The Analysis of the Efficiency of Capital Investments in Trade of Serbia," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(1), pages 12-30, March.
    • Handle: RePEc:rom:rmcimn:v:17:y:2016:i:1:p:12-30
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    File URL: https://rmci.ase.ro/no17vol1/02.pdf
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    References listed on IDEAS

    as
    1. Puah, Chin-Hong & Wong, Shirly Siew-Ling & Habibullah, Muzafar Shah, 2012. "Rationality of business operational forecasts: evidence from Malaysian distributive trade sector," MPRA Paper 37599, University Library of Munich, Germany.
    2. Hirschey, Mark & Skiba, Hilla & Wintoki, M. Babajide, 2012. "The size, concentration and evolution of corporate R&D spending in U.S. firms from 1976 to 2010: Evidence and implications," Journal of Corporate Finance, Elsevier, vol. 18(3), pages 496-518.
    3. D. Cornille & J. Langohr, 2011. "The distributive trade sector and its impact on euro area prices," Economic Review, National Bank of Belgium, issue iii, pages 35-52, December.
    4. Radojko LUKIC, 2015. "The Analysis of Profit per Employee in the Trade of Serbia," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 18(1), pages 5-16, June.
    5. Radojko LUKIC, 2012. "Sustainable Development of Retail in Serbia," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(4), pages 574-586, October.
    6. Radojko LUKIC, 2013. "The Influence of Working Assets Efficiency Management on the Profitability of Trade in Serbia," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(5), pages 731-745, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Fixed capital expenditures; efficiency; global; European Union; Serbia.;
    All these keywords.

    JEL classification:

    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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