The Impact of the Covid-19 Pandemic on the Financial Performance of Innovative Enterprises in Serbia

Đuričin, Sonja (2022) The Impact of the Covid-19 Pandemic on the Financial Performance of Innovative Enterprises in Serbia. In: Economic and Financial Implications of Covid-19 Crises. Université Côte d'Azur, Nica, pp. 235-247. ISBN 978-2-493478-00-9

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Abstract

The aim of the research is to analyze the impact of the COVID-19 pandemic on the
financial performance of innovative enterprises in the Republic of Serbia. The subject
of research is the financial performance of innovative enterprises in the period from
2018 to 2020. Data were collected from the annual financial reports of enterprises
publicly available on the Serbian Business Registers Agency website. Innovative
enterprises are those whose innovative projects are co-financed through the Mini-Grants Program in 2018. Financial performance was analyzed during the year the
project was being implemented and two years after its implementation. The research
starts from the hypothesis that the effects of the crisis caused by the COVID-19
pandemic did not exclusively negatively affect the value of the financial performance
of innovative enterprises. Qualitative and quantitative methods of financial analysis
were applied in the research. The research results confirm the hypothesis and point to
the fact that in the year of the introduction of restrictive measures, a significant number
of innovative enterprises recorded liquidity growth, justified debt growth, improved
profitability and position in the supply and sales market.

Item Type:	Book Section
Additional Information:	COBISS.ID=65715977
Uncontrolled Keywords:	innovative enterprises, pandemic, COVID-19, financial performance, Republic of Serbia
Research Department:	Innovation Economics
Depositing User:	Jelena Banovic
Date Deposited:	18 Oct 2022 14:18
Last Modified:	18 Oct 2022 14:18
URI:	http://35.240.28.64/id/eprint/1799
Author Links:	[error in script] No links available.

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