Search

This paper aims to: a) analyse the environmental disclosure practice in the Serbian banking sector, b) determine whether the degree of disclosure is higher in the case of big, i.e. systemically important banks, and c) examine if there is a positive relationship between the banks' CSR practice and their fnancial performance. The environmental disclosure index (EDI) based on 15 variables was employed to measure environmental disclosure performance for the Serbian banking industry. The data were generated through content analysis of the annual and sustainability reports of a total of 10 banks, fve of which were classified as systemically important banks for the period 2015-2019. The sample was determined by the availability of reports for the analysed period and the bank establishment year. The results show that the majority of Serbian banks discloses their environmental policy (74%), the undertaken environmental activities with the local community (51%), and the utilization efciency of water, energy, and paper (48%). Although the findings indicate that the environmental disclosure practice among all banks in Serbia is growing, the reports are not standardized. In addition, the systemically important banks in Serbia do not have a better disclosure practice. The econometric analysis implies that the bank's status does not infuence the level of environmental disclosure and that there is no positive relationship between fnancial performance (ROA and ROE) and EDI. This study has implications for policymakers and accounting bodies in Serbia in standardizing non-fnancial reporting and creating certain green and sustainable banking guidelines. Keywords: environmental disclosure, banking sector, content analysis, Serbia, 1. INTRODUCTION Due to increasingly unfavourable climate changes that the world has been witnessing, the environment started to be analysed as one of the company's stakeholders (Dragomir, 2010). Research discourse [...]

To achieve sustainable development, eco-efficiency can be used as the main tool that will enable firms to create more by using fewer resources resulting with less waste and pollution. In that aspect, this paper aims to investigate the relationship between eco-efficiency and firm profitability from 2011 to 2020 in Serbia as a high fossil fuel-reliant economy. To test the relationship between eco-efficiency and firm profitability, we used the panel technique, and we applied the Generalized Method of Moments (GMM) for estimation. The analysis showed that the highest eco-efficiency indicator in Serbia was recorded in 2015, which means that Serbia had the highest overall air emissions that year. Our main results show that the eco-efficiency variable impacts the profitability of Serbian polluting firms. Additionally, our model suggests that the size variable has a significant negative impact on firms' profitability; the investment level variable influences profitability positively, but the capital intensity variable has no impact on firms' profitability. [ABSTRACT FROM AUTHOR]

Papaver rhoeas L. (Papaveraceae) is an annual grass native to many regions of the world, which is known to possess several pharmacological activities. It is also known that represent a rich source of anthocyanins. In this study, the content of the anthocyanin was determined in the examined various extracts of fresh petals by HPLC analysis. The most represented anthocyanins in the extracts of Papaver rhoeas L. are delphinidin-3-O-glucoside, cyanidin-3-O-glucoside, cyanidin-3-O-rutinoside, peonidin-3-O-glucoside, petunidin-3-O-glucoside, petunidin-3-acetylglucoside, and delphinidin-3-p-coumaroylglucoside. Acyl derivatives of anthocyanins in the water extract have not been identified. By comparing the contents of individual anthocyanins, the glycosides (polar) are better extracted with 50% alcohol solution, and their acyl derivatives are better extracted with pure alcohol. The water solution is the least suitable for anthocyanin extraction. [ABSTRACT FROM AUTHOR]

Aim: To assess the relationship between dietary magnesium intake and the risk of coronary heart disease (CHD)., Methods: A conducted case-control study included 290 randomly selected cases (mean age 59.98 +/- 10.03 years) with first event of an acute coronary syndrome and 290 selected controls paired by sex, age and region (mean age 59.43 +/- 10.10 years) admitted to the same hospitals without any suspicion of coronary disease. A diet was assessed by an interviewer-administered semi-quantitative food frequency questionnaire, and magnesium intake was derived from the nutrient database., Results: Subjects with coronary heart disease had significantly lower intake of foods containing high levels of magnesium like whole grain (p<0.0001), legumes (p<0.05) and nuts (p<0.05). Lower dietary magnesium intake was found to be positively associated with risk of coronary heart disease (0.027)., Conclusions: Our findings suggest that dietary intake of magnesium was associated with reduced risk of coronary heart disease among Serbian population.