Stanislav Zekic

Determining agricultural impact on environment: Evidence for EU-28 and Serbia

As part of Serbia’s strategic goal of accession to the European Union (EU), harmonization with the agro-environmental policy is an important issue for the creators of Serbia’s agricultural and rural policy. The main goal of this study was to define a model of agro-environmental performance in Serbia and the countries of the EU to determine Serbia’s position in relation to other countries (EU-28). In this article, factor analysis was applied, with four factors extracted within the model: the degree of agricultural modernization that indirectly affects the environment, the degree of intensification of agricultural production with a direct effect on the environment, air pollution from agriculture, and energy use. The factor scores were used as variables within the Preference Ranking Organization Method for Enrichment Evaluation method to rank countries according to the impact of agriculture on the environment.

PROFITABILITY ANALYSIS OF MEAT INDUSTRY IN SERBIA

In this paper, profitability analysis of meat processing industry in Serbia was realized in period 2011-2015. Meat processing industry is one of the profitable sectors in the Republic of Serbia, with an average rate of ROA of 5.29. Even though companies in meat processing industry achieve positive net income, profitability is below referent value. In order to investigate which internal factors have a significant influence on the profitability of meat processing industry, a panel data regression was realized. The results show that companies with high liquidity ratio and growth in sales achieve better ROA. On the other side, high debt ratio negatively influences the level of ROA. Furthermore, the results show that the size of the company, fixed assets ratio and rate of investment, do not have an influence on the profitability of meat processing industry.