The Profitability Analysis of the Logistics Industry Companies in the Balkan Countries

  • Bojana Vuković University of Novi Sad, Faculty of Economics in Subotica
  • Sunčica Milutinović University of Novi Sad, Faculty of Economics in Subotica
  • Vera Mirović University of Novi Sad, Faculty of Economics in Subotica
  • Nikola Milićević University of Novi Sad, Faculty of Economics in Subotica
Keywords: profitability, logistics industry, panel data model, Balkan countries

Abstract

The main purpose of this paper is to research the factors that have an impact on the company profitability in the logistics industry during a five-year period (2013-2017). The sample includes 748 active companies operating in the logistics industry in the Balkan countries. Bearing in mind that logistics is an essential instrument of competitiveness and profitability of the company operations and that logistics is one of the most profitable industries, this paper used the panel data model with fixed effect in order to analyse profitability. The obtained results showed that four out of the six studied variables (company size, tangibility of assets, liquidity, and asset turnover ratio) have a statistically significant impact on profitability. The results provide guidelines for increasing profitability and improving the performance of logistics companies, given that an efficient planning system, managing and controlling the logistics system are key determinants of profitable business operations.

Author Biographies

Bojana Vuković, University of Novi Sad, Faculty of Economics in Subotica

Bojana Vuković PhD is an Assistant Professor at the Department of Finance and Accounting, Faculty of Economics in Subotica, University of Novi Sad. She received her doctorate in Economics on the topic "Performance of the Group of Companies Based on Consolidated Financial Statements" at the same Faculty. She is teaching Auditing, Analysis of Financial Statements, Auditing of Public Sector Entities and The Financial-Accounting approach to Valuation. So far, she is the author and co-author of over 60 scientific papers published in different journals and conference proceedings.

Scientific interests: Analysis of Financial Statements, Auditing, Accounting

Sunčica Milutinović, University of Novi Sad, Faculty of Economics in Subotica

Sunčica Milutinović Ph.D. is the author or co-author of over 90 scientific papers in the field of financial accounting, corporate financial reporting and international accounting legislation. She is employed as an assistant professor at the University of Novi Sad – The Faculty of Economics. She is also engaged as an exam invigilator at the Ryerson University – The G. Raymond Chang School of Continuing Education, Toronto, Canada, and a reviewer in many international journals. Also, she is Editorial board member in the international journal “Facta Universitatis, Series: Economics and Organization”, Organizational committee member at the International Conference on Interdisciplinary Management Research (IMR, Opatija, Croatia), and Scientific board member at the international scientific conference “Tourism in Function of Development of the Republic of Serbia – Тourism as a Generator of Employment” (TISC, Vrnjačka Banja Serbia).

Scientific interests: Financial Reporting, International Accounting Legislation, Financial Accounting, Special Financial Statements.

Vera Mirović, University of Novi Sad, Faculty of Economics in Subotica

Vera Mirović PhD is an Assistant Professor at the Department of Finance and Accounting, Faculty of Economics in Subotica, University of Novi Sad. She received her doctorate in Economics on the topic "The Development of the Secondary Mortgage Market in the Republic of Serbia by the Method of Securitization" at the same Faculty. She is teaching Investment and Mortgage Banking, Financial Markets, Financial Markets and Stock Exchanges. So far, she is the author and co-author of over 40 scientific papers published in different journals and conference proceedings.

Scientific interests: Finance, Banking, Financial Markets

Nikola Milićević, University of Novi Sad, Faculty of Economics in Subotica

Nikola Milićević PhD is an Assistant Professor at the Faculty of Economics in Subotica, University of Novi Sad. He is working at the Department of Trade, Marketing and Logistics. He is teaching Marketing Management and Product Management. So far, he is the author and co-author of over 40 scientific papers published in different journals and conference proceedings.

Scientific interests: Marketing, Trade, Logistics

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Published
2020-07-09
How to Cite
1.
Vuković B, Milutinović S, Mirović V, Milićević N. The Profitability Analysis of the Logistics Industry Companies in the Balkan Countries. PROMET [Internet]. 2020Jul.9 [cited 2020Oct.31];32(4):497-11. Available from: http://traffic.fpz.hr/index.php/PROMTT/article/view/3311
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Articles

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