logo

Isidora Ljumović, PhD

Principal Research Fellow

Macroeconomics Department

research fields

  • Entrepreneurial Financing
  • Innovative Sources of Finance
  • Banking Systems

education

  • PhD in Economics, 2011 / Faculty of Economics, University of Niš
  • Master of Economic Sciences, 2007 / Faculty of Business Studies, Megatrend University
  • Graduated in Economics, 2004 / Faculty of Organizational Sciences, University of Belgrade

previous employment

  • Institute of Economic Sciences, Belgrade 2015-
  • Economic Institute, Belgrade 2012-2015
  • Faculty of Business Studies, Magarend University, Belgrade 2004-2012

references/bibliography

Ljumovic, I., Kovacevic, V., & Jankovic, I. (2024). Understanding Financial Inclusion of Individuals Engaged in Agriculture: Evidence from Upper-Middle-Income Balkan Economies. Eastern European Economics, 62(6), 762–779. https://doi.org/10.1080/00128775.2023.2279228

Ljumović, I., Minović, J., & Stevanović, S. (2024). Intellectual Capital and Bank Profitability: Evidence from Serbia. Management: Journal of Sustainable Business and Management Solutions in Emerging Economies, 29(3), 61–72. https://doi.org/10.7595/management.fon.2022.0010

Ljumovic, I., Pavlovic, V., & Knezevic, G. (2023). Financing organic farming through crowdfunding: is the wisdom of crowds more supportive for mixed gender teams?. Ekonomický časopis/Journal of Economics, 71(8–9), 514–535. https://doi.org/10.31577/ekoncas.2023.08-09.02

Ljumović, I., & Hanić, A. (2023). Financing Start-Up Projects in Circular Economy: Does Crowdfunding Fit?. In Sustainable Business Change: Project Management Toward Circular Economy (pp. 173–194). Cham: Springer International Publishing. https://doi.org/10.1007/978-3-031-23543-6_7

Kovačević, V., Janković, I., Vasić, V., & Ljumović, I. (2023). Does transparency pay off for green bonds’ issuers? Evidence from EU state agencies’ green bonds. Economics of Agriculture, 70(4), 997–1007. https://doi.org/10.59267/ekoPolj2304997K

Janković, I., Kovačević, V., & Ljumović, I. (2022). Municipal green bond yield behaviour. Economics of Enterprise, 70(3–4), 206–214. https://doi.org/10.5937/EKOPRE2204206J

Ljumović, I., Pavlović, V., & Knežević, G. (2021). Financing agri-food business in the Mediterranean area through crowdfunding: Do environmental issues matter?. New Medit, (3), 101–117. https://doi.org/10.30682/nm2103g

Ljumović, I., Hanić, A., & Kovačević, V. (2021). The role of reward-based crowdfunding in farm financing: What characterises successful campaign?. Economics of Agriculture, 68(3), 773–788. https://doi.org/10.5937/ekoPolj2103773L

Ljumović, I., & Jakšić, K. (2020). Perception of the Quality of Banking Services in the North of the Autonomous Province of Kosovo and Metohija. Proceedings of Matica Srpska for Social Sciences, 71(175), 373–389. https://doi.org/10.2298/ZMSDN1552557L

selected projects:

2025 – Competitiveness in the Western Balkans and the Second Imperative of the EU Competitiveness Compass – Energy and Decarbonisation, team member

2024–2025 – Roadmap for implementing the Green Agenda of MSMEs in the Republic of Serbia

2024 – Evaluation of the results of the grant scheme implemented within the project "EU for you – for cultural heritage and tourism", principal investigator

2023–2024 – Pre-feasibility study/analysis of the key tourism infrastructure project proposals in the Republic of Serbia, principal investigator

2022 – Contemporary Economic and Financial Trends Analysis, team member

2023 – Studies for the needs of the General Urban Plan of the city of Čačak, manager

2020–2021 – Analysis of value chains in the Western Balkan economies – Enriching the potential for regional cooperation in priority areas, principal investigator

2018 – Analysis of legal and economic aspects of the "polluter pays principle" (environmental protection) with a comparative overview of policies in the EU, Serbia and selected countries, principal investigator

en iyi dershane kızılay dershaneankara kız yurdu