This paper examines the validity of the “trilemma" theory which implies the inability to achieve the stability of the exchange rate, an independent monetary policy and free flow of capital at a given time. The theory is examined on the example of nine new EU member states. Bearing in mind that financial integration is a feature of moder...

By Marko Milošević, Biljana Bjelica, Suzana Balaban

 The title of this contract comes from the English word franchise, which means a special right or privilege. It is believed to have originated in the Middle Ages, when they received a royal privilege notable personality. The first manifestations of this agreement have been developed in the U.S. in the late 19th century in the production of oil...

By Isidora Milosevi, Jelena Milosavljevic Nikov

 The needs for long-term resources of economic entities can be met by generating their own accumulation or using the resources of other participants in reproduction. In the first case, it is about self-financing - investing retained earnings. In the second case, economic entities obtain capital by issuing debt or equity financial instruments t...

By Ognjen Bakmaz, Duško Laković, Milan Vukasović

 In this paper the authors consider and study a current and important topic related to the property rights of shareholders such as: the right to a dividend, the right to pre-buy shares, the right to participate in the liquidation and bankruptcy divide, as well as the right to dispose of shares. The basic motive for the founding of a joint stoc...

By Ognjen Bakmaz, Rade Tešić

 Despite its widespread use, rating agency ratings, and high turnover, the market for credit derivatives is still considered new and insufficiently researched. In addition, the intensification of the 2008 financial crisis cannot be fully attributed to the use of credit derivatives, although they played a significant role in the spread of the c...

By Miloš Grujić

 The paper presents the importance and role of financial analysis in corporate governance, as well as the application and role of analysis of financial statements in the system of international business. This research presents how company management can use financial reporting and financial analysis information to stimulate but also control pr...

By Dragan Vukasović, Darko Martinov, Živa Žebeljan

 The subject of this paper is the analysis of the CEE banking sector in the period from 2013 to 2019. The research was conducted on 13 countries in the observed region. The analyzed countries were divided into three groups during the research. The first group consists of countries that were among the first to join the European Union (Slovenia,...

By Nenad Vunjak, Miloš Dragosavac, Milan Radaković, Tamara Antonijević

 The development of the Internet has caused numerous changes in the way modern man functions and has conditioned the creation of modern business media. Although the Internet is not a novelty, some of its segments have been expanding more in recent years. Hence, the concept of ecustomization appears, which, although harsh in its sonority, defi...

By Ivana Rađenović

 The purpose of the impact analysis of business factors is locating of separate influences as well as the effects measuring of certain factors, potentials and elements on the business success of the company. Only after identification of direction and the strength of each of the factors, company management can make decisions and take corrective...

By Željko Grublješić, Mladen Ivić, Milorad Đukić

 The banking sector is the most important financial institution that plays a significant role in the development of each country's economy. Banks are the most important participants in the financial market, because they are in the function of stabilization and development of a national economy. The basic three modern concepts of bank managemen...

By Nenad Vunjak, Miloš Dragosavac, Milan Radaković, Ivan Vujičić