Causal relationships in the balanced scorecard: A Serbian banking perspective
This paper examines cause-and-effect relationships within the balanced scorecard (BSC), focusing on the case of commercial banks operating within the territory of Serbia. Despite the widespread application of the BSC as a strategic management tool, the literature presents diverse conclusion...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, Belgrade
2025-01-01
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| Series: | Ekonomski Anali |
| Subjects: | |
| Online Access: | https://doiserbia.nb.rs/img/doi/0013-3264/2025/0013-32642544087D.pdf |
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| author | Đurić Nađa Đurđević Andrijana |
| author_facet | Đurić Nađa Đurđević Andrijana |
| author_sort | Đurić Nađa |
| collection | DOAJ |
| description | This paper examines cause-and-effect relationships within the balanced
scorecard (BSC), focusing on the case of commercial banks operating within
the territory of Serbia. Despite the widespread application of the BSC as a
strategic management tool, the literature presents diverse conclusions
regarding the efficacy of its cause-and-effect relationships. The research
aims to investigate the interrelationships between perspectives, with a
specific focus on the financial perspective and its causal factors. A study
was conducted on five banks operating in the territory of Serbia using the
method of documentation analysis, and data were collected for the period
from 2010 to 2023. The conclusions are based on the results of simple panel
data regression and multiple panel data regression. The results obtained
provide empirical support for previously established cause-and-effect
relationships within the BSC framework and also highlight new implications
of causality among perspectives. |
| format | Article |
| id | doaj-art-67b1d1445c2e41d794817c1668e4a224 |
| institution | DOAJ |
| issn | 0013-3264 1820-7375 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Faculty of Economics, Belgrade |
| record_format | Article |
| series | Ekonomski Anali |
| spelling | doaj-art-67b1d1445c2e41d794817c1668e4a2242025-08-20T03:14:01ZengFaculty of Economics, BelgradeEkonomski Anali0013-32641820-73752025-01-01702448711910.2298/EKA2544087D0013-32642544087DCausal relationships in the balanced scorecard: A Serbian banking perspectiveĐurić Nađa0https://orcid.org/0000-0003-4358-7465Đurđević Andrijana1https://orcid.org/0000-0001-9381-0712Faculty of Economics, University of Kragujevac, Kragujevac, SerbiaFaculty of Economics, University of Kragujevac, Kragujevac, SerbiaThis paper examines cause-and-effect relationships within the balanced scorecard (BSC), focusing on the case of commercial banks operating within the territory of Serbia. Despite the widespread application of the BSC as a strategic management tool, the literature presents diverse conclusions regarding the efficacy of its cause-and-effect relationships. The research aims to investigate the interrelationships between perspectives, with a specific focus on the financial perspective and its causal factors. A study was conducted on five banks operating in the territory of Serbia using the method of documentation analysis, and data were collected for the period from 2010 to 2023. The conclusions are based on the results of simple panel data regression and multiple panel data regression. The results obtained provide empirical support for previously established cause-and-effect relationships within the BSC framework and also highlight new implications of causality among perspectives.https://doiserbia.nb.rs/img/doi/0013-3264/2025/0013-32642544087D.pdfbsc (balanced scorecard)balanced scorecard perspectivescausalitybanking sector |
| spellingShingle | Đurić Nađa Đurđević Andrijana Causal relationships in the balanced scorecard: A Serbian banking perspective Ekonomski Anali bsc (balanced scorecard) balanced scorecard perspectives causality banking sector |
| title | Causal relationships in the balanced scorecard: A Serbian banking perspective |
| title_full | Causal relationships in the balanced scorecard: A Serbian banking perspective |
| title_fullStr | Causal relationships in the balanced scorecard: A Serbian banking perspective |
| title_full_unstemmed | Causal relationships in the balanced scorecard: A Serbian banking perspective |
| title_short | Causal relationships in the balanced scorecard: A Serbian banking perspective |
| title_sort | causal relationships in the balanced scorecard a serbian banking perspective |
| topic | bsc (balanced scorecard) balanced scorecard perspectives causality banking sector |
| url | https://doiserbia.nb.rs/img/doi/0013-3264/2025/0013-32642544087D.pdf |
| work_keys_str_mv | AT đuricnađa causalrelationshipsinthebalancedscorecardaserbianbankingperspective AT đurđevicandrijana causalrelationshipsinthebalancedscorecardaserbianbankingperspective |