Financial Structure of Innovative Organizations in Serbia

Marinković, Grozdana and Stevanović, Slavica (2021) Financial Structure of Innovative Organizations in Serbia. In: Finance, Innovation and Technology: new models and structures. Institute of Economics - Ss. Cyril & Methodius University, Skopje, pp. 162-178. ISBN 978-608-4519-23-2

Text marinkovic, stevanovic.pdf - Published Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (500kB)

Abstract

This paper analyses the financial structure of organizations engaged
in Serbia's innovation activities that are included in the Register of Innovation
Activities. The paper's specific objective refers to the assessment of sustainable
financing of innovative organizations classified as development and
production centres, research and development centres and innovation centres.
The research is based on the financial structure analysis of 68 national
innovative organizations selected from the Register of Innovation Activities.
We observed the period 2015-2018 and used official financial statements from
the Serbian Business Registers Agency. Our research results based on
aggregate data indicate that their own financing sources predominantly
finance innovation organizations. Approximately half of the individual
organizations notice a higher share of liabilities in the total financing sources.
Innovation organizations' activities are stimulated through budget support,
cooperation with international financial organizations, funds from the
Innovation Fund of the Republic of Serbia, and other funds. Financing of
innovative organizations by the different national funds and international
financial organizations' funds is treated as short-term liabilities until the
defined criteria are realized.

Item Type:	Book Section
Additional Information:	COBISS.ID=36730377
Uncontrolled Keywords:	innovation organizations, financial structure, funds, financial statements, Serbia
Research Department:	Digital Economics
Depositing User:	Jelena Banovic
Date Deposited:	12 May 2021 13:23
Last Modified:	12 May 2021 13:23
URI:	http://35.240.28.64/id/eprint/1593
Author Links:	[error in script] No links available.

Actions (login required)

View Item