2026-05-10T07:58:45.013Z http://ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai

ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai:1:3853 2015-12-25T17:45:00Z 1

Determining Solvency and Liquidity Groups of Serbian Business Entities 2015 http://ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai/record/1/3853 V. Mizdraković С. Алчаковић Н. Арежина R. Al Asagli In this paper, special emphasis is placed on defining solvency and liquidity groups of the sampled Serbian business entities. To that end, we have collected financial statements of 98 business entities, which were divided into three main groups: healthy companies, companies in bankruptcy and companies in reorganization. The results show that the sampled business entities in the Serbian market are dealing with a very high liquidity risk. On the other hand, there is a small number of healthy entities that are insolvent, but usually illiquid. Almost half of the bankruptcy entities in liquidation should be in the process of reorganization, since they are solvent. On the other hand, the activities of 80% of business entities in reorganization should be ceased as they are illiquid and insolvent. The main limitations of this research arise from the modest number of sampled entities and doubtful quality of Serbian financial reporting, as well as the quality of financial statements used as research data. Thus, it is of great importance to assess and interpret the research results with great caution. conferenceObject 111 114 10.15308/finiz-2015-111-114 FINIZ 2015