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Fitim Deari

Faculty : Business and Economics
Position : Full Professor
Engagement type : Full time
Personal data
Date of birth : 20 March 1983
E-mail : f.deari@seeu.edu.mk
Address : Bul. "Ilindenska" number 335, 1200 Tetovo, Republic of Macedonia
Telephone : +38944356072

Education

  • Jan 2010 - Mar 2014: Doktoraturë në Shkenca Ekonomike
    Faculty: Biznesit
    Universiteti “Aleksandër Moisiu” Durrës, Republika e Shqipërisë
    Specialty: Financë dhe Kontabilitet
    Thesis: "Leva dhe vendimet e strukturës së kapitalit: Një analizë për kompanitë e listuara në Maqedoni"

  • Oct 2005 - Jan 2008: MBA
    Faculty: Administrimi i Biznesit
    Universiteti i Evropës Juglindore, Tetovë, Republika e Maqedonisë
    Specialty: Financë
    Thesis: "Analiza e pasqyrave financiare: Një qasje integruese në firmën "Nemetali, sh.a" - Tetovë për periudhën 2001-2005"

  • Sep 2001 - Nov 2005: Ekonomist i diplomuar
    Faculty: Administrimi i Biznesit
    Universiteti i Evropës Juglindore, Tetovë, Republika e Maqedonisë
    Specialty: Financë

Publications

  • Kukeli, Agim; Widner, Benjamin; Deari, Fitim; Sargsyan, Gevorg; Barbuta-Misu, Nicoleta Firm Profitability and Economic Crises: The Non-Linear Role of the Cash Conversion Cycle. In International Journal of Financial Studies. 2025. (Link)

  • Abraham, Rebecca; El-Chaarani, Hani; Deari, Fitim Does Audit Oversight Quality Reduce Insolvency Risk, Systematic Risk, and ROA Volatility? The Role of Institutional Ownership. In Journal of Risk and Financial Management. 2024. (Link)

  • Morina, Fisnik; Loci, Djellza; Deari, Fitim VAR Analysis Between Interest Rates and Foreign Direct Investment Inflows in OECD Countries. In: Bexheti, A., Abazi-Alili, H., Dana, LP., Ramadani, V., Caputo, A. (eds) Economic Recovery, Consolidation, and Sustainable Growth. ISCBE 2023. Springer Proceedings in Business and Economics. Springer, Cham, 2024. (Link)

  • Deari, Fitim Is There a Relationship Between Political Elections and Stocks Returns? A Theoretical Note. In: Bexheti, A., Abazi-Alili, H., Dana, LP., Ramadani, V., Caputo, A. (eds) Economic Recovery, Consolidation, and Sustainable Growth. ISCBE 2023. Springer Proceedings in Business and Economics. Springer, Cham, 2024. (Link)

  • Deari, Fitim; Sergius Koku, Paul Do Local Political Elections Affect Daily Stock Returns? Evidence From the Republic of North Macedonia's MBI10 Index. In Studia Universitatis Vasile Goldiș Arad, Seria Științe Economice. 2024. (Link)

  • Deari, Fitim; Palomba, Giulio Does the Cash Conversion Cycle Affect Firm Profitability? Some Empirical Evidence from Listed Firms in North Macedonia. In Zagreb International Review of Economics and Business, pp. 63 - 77. 2024. (Link)

  • Zaid, Mohammad A.A.; Issa, Ayman; Deari, Fitim; Kijkasiwat, Ploypailin; Kumar, Vijay Does corporate green innovation unlock financial doors? The mediating role of environmental performance. In European Business Review. 2024. (Link)

  • Deari, Fitim; Morina, Fisnik Testing the Monday Effect in the Case of Republic of North Macedonia’s MBI10 Index. In: Procházka, D. (eds) Financial Markets and Corporate Reporting under Geopolitical Risks. ACFA ACFA 2022 2023. Springer Proceedings in Business and Economics. Springer, Cham, 2024. (Link)

  • Deari, Fitim Parimet e Kontabilitetit Financiar: Teori dhe Praktik. Tetovë, 2024.

  • Shugliashvili, Teona; Pirveli, Erekle; Munjishvili, Tea; Deari, Fitim Capital Structure Determinants in German SMEs: Panel Analysis and Policy Recommendations. In Credit and Capital Markets – Kredit und Kapital. 2023. (Link)

  • Kukeli, Agim; Forrester, Robert; Deari, Fitim; Martinez, John Non-performing Loans in Central-East European Countries: Investigation of Macroeconomic, Policy, and Global Risk Determinants. In Global Business and Economics Review. 2023. (Link)

  • Imran Hunjra, Ahmed; Deari, Fitim; Mehmood, Rashid; Abdulaziz Saleh Al-Faryan, Mamdouh Do board and audit characteristics affect earnings management in the time of Covid-19?. In International Journal of Accounting, Auditing and Performance Evaluation. 2023. (Link)

  • Deari, Fitim; Ulu, Yasemin THE TURN-OF-THE-MONTH EFFECT: EVIDENCE FROM MACEDONIAN STOCK EXCHANGE. In Studia Universitatis „Vasile Goldiș” Arad - Economics Series. 2023. (Link)

  • Deari, Fitim Does working capital management affect firm profitability? Evidence from European Union countries. In Journal of Economic and Administrative Sciences. Emerald Publishing Limited. 2022. (Link)

  • Deari, Fitim ESG/CSR, GREEN INVESTMENTS AND FIRM PERFORMANCE: A THEORETICAL REVIEW, 5th International Scientific Conference on Business and Information Technologies. SEEU, Tetovo, 2022.

  • Hussain, Anwar; Kijkasiwat, Ploypailin; Ijaz, Bushra Mobeen; Deari, Fitim DETERMINANTS OF SYSTEMATIC AND UNSYSTEMATIC LIQUIDITY RISK IN ISLAMIC BANKS. In JIMF. 2022. (Link)

  • Deari, Fitim The Relationship Between Risk and Firm Performance: A Review. In Handbook of Research on New Challenges and Global Outlooks in Financial Risk Management . IGI Global, 2022. (Link)

  • Deari, Fitim; The Impact of the Covid-19 Pandemic on the Profitability of Large Commercial Banks in the Republic of North Macedonia. In Bulletin of the Transilvania University of Brasov. Series V: Economic Sciences. 2021. (Link)

  • Deari, Fitim; Zeqiri, Izet; FINANCIAL PERFORMANCE ANALYSIS OF BANKS IN THE REPUBLIC OF NORTH MACEDONIA: AN OVERVIEW. In Bulletin of the Transilvania University of Braşov, Series V: Economic Sciences, pp. 65-72. 2020. (Link)

  • Deari, Fitim; Alija, Sadri; Lakshina, Valeriya; DETERMINANTS OF PROFITABILITY: EVIDENCE FROM RUSSIAN AGRICULTURAL FIRMS. In Bulletin of the Transilvania University of Braşov, Series V: Economic Sciences, Vol. 13 (62) No. 2, pp. 167-176. 2020. (Link)

  • Deari, Fitim; Lakshina, Valeriya; WHAT ARE FINANCIAL PERFORMANCES DRIVERS? PRELIMINARY EVIDENCE FROM RUSSIAN FIRMS IN THE AGRICULTURAL SECTOR. SEEU, Tetovo, 2020. (Link)

  • Deari, Fitim; Lakshina, Valeriya ; Lapshina, Kseniya ; Trade credits substitution during crisis period: spatial aspects within developing countries. In Journal of Economic Studies. Emerald Publishing, pp. 351-365. 2020. (Link)

  • Kukeli, Agim; Deari, Fitim; Rocşoreanu , Carmen; Portfolio composition and critical line: a methodological approach. In International Journal of Risk Assessment and Management. 2019. (Link)

  • Madaleno, Mara; Bărbuţă-Mişu, Nicoleta; Deari, Fitim; Determinants of Net Trade Credit: A Panel VAR Approach Based on Industry. In Prague Economic Papers. 2019. (Link)

  • Deari, Fitim; Matsuk, Zoriana; Lakshina, Valeriya; LEVERAGE AND MACROECONOMIC DETERMINANTS: EVIDENCE FROM UKRAINE. In Studies in Business and Economics, De Gruyter Poland, pp. 5-19. 2019. (Link)

  • Dinca, Marius; Deari, Fitim; Lakshina, Valeriya; Dinca, Gheorghița; Drivers of Equity as a Performance Measure. A Dynamic Panel Data Analysis for Russian Firms. In Journal of Applied Economic Sciences, pp. 895-906. 2019. (Link)

  • Deari, Fitim; Zeqiri, Izet; Aliji, Sadri; Some Simulations On The Portfolio Risk And Return: A Methodological Note. In Globalization and Business, pp. 59-62. 2019. (Link)

  • Deari, Fitim; Lakshina, Valeriya V.; THE RELATIONSHIP BETWEEN LIQUIDITY AND PROFITABILITY OF RUSSIAN FIRMS IN THE AGRICULTURAL SECTOR. SEEU, Tetovo, 2019. (Link)

  • Deari, Fitim; Lakshina, Valeriya ; Determining Trade Credit Dynamics During Crisis: Panel Data Analysis for Macedonian Firms. In Finance: Theory and Practice, pp. 17-30. 2019. (Link)

  • Deari, Fitim; Barbuta-Misu, Nicoleta; The Determinants of Trade Credit for Firms Listed on the Zagreb Stock Exchange: An Empirical Analysis . ITER 2018, Kyiv, Ukraine, 2018. (Link)

  • Deari, Fitim; Financial ratios analysis: the case of SMEs in the Pollog region. South East European University, Tetovo, 2018. (Link)

  • Deari, Fitim; Rocsoreanu, Carmen; A case-study of optimal portfolio composition with investments limits. In ROMAI Journal, pp. 101-114. 2018. (Link)

  • Marius Sorin, Dinca; Barbuta-Misu, Nicoleta; Madaleno, Mara; Dinca , Gheorghita; Deari, Fitim; Integrated Analysis of EU Construction Companies’ Financial Performances. In Journal of Construction Engineering and Management. 2017. (Link)

  • Dinca, Gheorghita; Baba, Mirela Camelia; Dinca, Marius Sorin; Dauti, Bardhyl; Deari, Fitim; Insolvency risk prediction using the logit and logistic models: some evidences from Romania. In Economic Computation and Economic Cybernetics Studies and Research, pp. 139-157. 2017. (Link)

  • Zeqiri, Izet; Deari, Fitim; Aliji, Sadri; The role of information in financial decision making process: A theoretical view. In Scientific-Practical Journal, European University, Tbilisi. 2017.

  • Deari, Fitim; Pintea, Mirela; The firm’s trade credit analysis: Case of firms listed on the Bucharest Stock Exchange. In Review of Economic Studies and Research Virgil Madgearu, pp. 47-68. 2017. (Link)

  • Deari, Fitim; Determinants of the net trade credit: preliminary evidence from SME's in the Pollog region . South East European University, Tetovo, 2017. (Link)

  • Osmani, Rufi; Deari, Fitim; The Analysis of Accounting and Taxable Profit: Evidence from Firms Indexed on MBI10 . In International Journal of Social Sciences and Education Research, pp. 1225-1235. 2016. (Link)

  • Misu, Nicoleta Barbua; Deari, Fitim; Determinants of trade credit in European construction firms: a preliminary study. In Ekonomika, pp. 139-157. 2016. (Link)

  • Matsuk, Zoriana; Deari, Fitim; Ukrainian Exchange Returns: the Day­of­the­Week Effect. University of Economics, Prague, Prague, Czech Republic, 2016. (Link)

  • Osmani, Rufi; Deari, Fitim; Firms’ financial performances and economic recession: evidence from Macedonian listed companies. In Bulletin of the Transilvania University of Braşov, Series V: Economic Sciences , pp. 201-210. 2016. (Link)

  • Barbuta Misu, Nicoleta; Deari, Fitim; Determinants of Trade Credit: A Preliminary Analysis on Construction Sector. Faculty of Economics and Business Administration, Dunarea de Jos University of Galati, Romania, Galati, 2016. (Link)

  • Koku, P. Sergius; Fetai, Besnik; Deari, Fitim; Zeqiri, Izet; DO PRESS RELEASES PROVIDE NEW INFORMATION? THE CASE OF BRITISH PETROLEUM'S DEEPWATER HORIZON OIL SPILL. Girne American University, North Cyprus, 2016. (Link)

  • Deari, Fitim; Poyda-Nosyk, Nina; Financial Risk and Financial Leverage: An Experimental Study . SHEI "Uzhhorod National University”, Uzhhorod, 2016.

  • Belobrov, Angela ; Deari, Fitim; Competition in Moldovan and Macedonian banking systems . ASEM, Chișinău, 2016.

  • Matsuk, Zoriana; Deari, Fitim; Lakshina, Valeriya; Portfolio Optimization using the GO-GARCH model: Evidence from Ukrainian Stock Exchange. In ECONOMIC ANNALS-XXI, pp. 116-120. 2016. (Link)

Work Experience

  • May 2020 - Present : Associate Professor in Finance and Accounting
    South East European University
    Type of business or sector: Education and Research

  • May 2015 - May 2020: Assistant Professor
    South East European University, Tetovo, Macedonia
    Type of business or sector: Education and Research
    Main responsibilities: Field of Finance and Accounting

  • 2017 - 2018: ​Coordinator for ​Faculty ​Internationalization
    South East European University, ​South East European University
    Type of business or sector: Education and Research

  • Sep 2005 - May 2015: Assistant
    South East European University, Tetovo, Macedonia
    Type of business or sector: Education and Research
    Main responsibilities: Field of Finance and Accounting

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