The collapse of the U.S. financial markets the past three years has negatively affected the global economic and financial system. The reduction of funding available as a result of reduced liquidity caused a price increase of credit and led to a slowdown in economic growth. The financial crisis has rapidly expanded and had devastating effects on the...

By Miloš M. Dragosavac

In the modern world, in an economy that is experiencing rapid and unpredictable changes innovation are necessary. Each organization strives to introduce a new product, to improve and implement new manufacturing processes, management, as well as to conquer the new markets. Therefore, the driving force of any economic activity is a new product. In or...

By Slađana Plačkov, Pivašević Jelena, Vojnović Jelena

Satisfied customer is main priority of all profit-oriented companies, non-profit organizations and individuals who deals with creating and delivery products and services. Global processes in European and world economy thus affirm processes of measuring customer satisfaction and application of management methods in leading organization towards conti...

By Kristina Bobrek Macanovic

Following the assumption that a proper and balanced diet based on optimal value products is the key prerequisite to a healthy and high quality life, as well as the assumption that the quality of food products, ethics and reliability in the way a brand is presented to the consumers, are the attributes that are directly linked with the application of...

By Zorana Antić, Milka Ivanović, Srđan Bogetić

In this paper, we analyzed inflation persistence in Serbia, both at the aggregate level as well as for the different components of the consumer price index. The analysis was done for the series of prices given on the quarterly basis for the period from 2002q1 to 2013q2. We applied univariate autoregression model (AR) of order p, whereby sum of auto...

By Mirjana Miletić, Siniša Miletić

The global economic crisis, the banking sector as part of the financial system, because of its sense of the existence and nature of the business, you should amortize the negative factors of the crisis and initiate economic development of a country. Since the banking sector (primarily mortgage loans and investment banking) was the instigator and cau...

By Miloš M. Dragosavac, Dunja R. Đukanović

Changes on financial markets caused by subprime crisis in the United States and related problems in the real sphere of many European economies have initiated a discussion on the factors of business value, also in the area of methods of determining the cost of equity. Known and commonly used, especially on poorly developed markets, methods in the pe...

By Artur Paździor

Code of Conduct on business taxation was adopted in 1997 in order to prevent the practice of harmful tax competition within the European Union. The views of the Code is not legally binding, but states that doesn’t not apply it, have risk of suffering the political consequences. Transition countries are characterized by a number of tax breaks ...

By Ljiljana Jović, Ljiljana Maksimović

Independence and objectivity of the internal audit and control are the audit standards to be followed in conducting the audit and preparation of audit reports. Information gained through the internal audit as well as internal control is the basis for the business decision making and they have been used not only by managers but by shareholders and i...

By Brankica Todorović

A currency area within the economic of space with a single market - the common economic conditions, environmental and macro-economic objectives, which shares the same currency, makes a monetary union. One of the biggest monetary experiments in the history is the creation of the European Monetary Union (EMU) in which the states have abandoned sovere...

By Jelena Vojnović, Slađana Plačkov, Dragana Drinić