Profitability Determinats of Agricultural Smes From Republic of Serbia

This research focuses on small and medium-sized agricultural enterprises, serving as the vital contributors to the agricultural sector in the Republic of Serbia. The aim of the study is to analyze the profitability and factors influencing profitability of the observed enterprises based on a sample of 220 companies operating from 2014 to 2021. By applying panel regression analysis, it was concluded that financial leverage, company size, tangibility, and the ratio of total asset turnover have a statistically significant impact on the profitability of observed enterprises