Impact of research and development investment on medium-sized agricultural enterprises’ business success in Serbia

Đuričin, Sonja (2024) Impact of research and development investment on medium-sized agricultural enterprises’ business success in Serbia. In: IV international scientific conference "Sustainable agriculture and rural development". Institute of Agricultural Economics, Belgrade, pp. 107-118. ISBN 978-86-6269-134-7

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Abstract

Research and development (RnD) investment marks a company’s initial foray
into fostering innovation. Through RnD, companies have the chance to enhance
existing processes and create novel business processes, products, and
services. Innovative processes, products, and services bestow a competitive
edge, result in time, and resource savings, and promote diversified operations,
rendering businesses less vulnerable to market fluctuations. The research objective
is to assess how RnD investments affect the success of medium-sized
agricultural businesses in the Republic of Serbia between 2020 and 2021.
The research centers on the examination of the primary financial indicators
of medium-sized agricultural enterprises (Intermediate-scale businesses in
the agricultural sector/ or ISB-AS) in 2020-2021. The performance value was
determined by applying financial analysis. The data were collected from the
official financial reports of all intermediate-scale businesses in the agricultural
sector that are registered in the Republic of Serbia. The research is
grounded in the hypothesis that medium-sized agricultural enterprises, which
allocate resources to RnD, achieve superior financial indicators compared to
the average performance observed among all medium-sized enterprises. The
research findings have practical implications for policy development in this
area and are of great importance to business leaders in developing operational
and strategic business goals.

Item Type:	Book Section
Additional Information:	COBISS.ID=137886729
Uncontrolled Keywords:	RnD, intermediate-scale businesses in the agricultural sector, financial indicators, business success
Research Department:	Innovation Economics
Depositing User:	Jelena Banovic
Date Deposited:	19 Feb 2024 09:47
Last Modified:	20 Feb 2024 08:09
URI:	http://35.240.28.64/id/eprint/2017
Author Links:	[error in script] No links available.

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