Nemanja Stanišić


Nemanja Stanišić je rođen 06.10.1981. u Beogradu, Srbija.


1. EDUCATION: He completed his undergraduate studies in Accounting, Auditing, and Financial Management at the Faculty of Economics, University of Belgrade. He earned his Master of Business Administration (MBA) degree in Finance Management and Investment Banking from Lincoln University in Oakland, USA, with special recognition (cumulative GPA 3.93). His final master's thesis titled "The Financial Aspects of Corporate Growth" was written under the mentorship of Prof. Goranka Knežević, Ph.D., and he defended it in 2007. He also wrote his Ph.D. thesis in the field of Corporate Finance, entitled "The Concept of Shareholder Value and Possibilities of Application of the Associated Methodological Approaches in the Serbian Capital Market" under the mentorship of Prof. Zoran Jeremić, and defended it in 2010 at Singidunum University. He worked at the audit firm Stanisic Audit from 2000 to 2005, specializing in external audits and valuations. Since 2006, he has been employed at Singidunum University and has an excellent command of the English language.


2. ACADEMIC ACTIVITIES: He served as a Teaching Assistant for practical classes in the Accounting course. In 2010, he was appointed as an Assistant Professor and delivered lectures at the undergraduate level in the Valuation and Risk and Corporate Finance courses. In 2013, he was promoted to Associate Professor in Finance and Banking at Singidunum University, where he continues to deliver lectures at the undergraduate level in Corporate Finance and Financial Statement Analysis courses. He also teaches Master's courses such as Research Methodology for Social Sciences, Contemporary Corporate Finance, Financial Reporting, Business Decision Making, Contemporary Exchanges, and E-business, as well as Ph.D. level courses such as Contemporary Investing Theories, Contemporary Financing Theories, Fundamentals of Financial Engineering, and Financial Analysis. He was appointed as a full professor in 2016. During the academic year 2016/2017, he taught the Bachelor Seminar course as a lecturer in the joint study program of Singidunum University and the University of Krems in Austria, specifically in Tourism and Leisure Management. Additionally, he is a Visiting Professor at the International College of the National Institute of Development Administration (ICO NIDA) in Bangkok, Thailand. His teaching has consistently received high ratings in student evaluations, with a 98.3% positive response in the most recent evaluation. He co-authored three textbooks (Accounting, Financial Statement Analysis, and Contemporary Exchanges and E-business) and three practicums (Practicum in Financial Accounting, Practicum in Cost Accounting, Practicum in Accounting Regulations). Moreover, he mentored students in the preparation of over 100 graduate theses, 57 master's theses (including 10 candidates from abroad), and 4 doctoral theses (including 3 candidates from abroad).


3. OTHER ACTIVITIES: He served as the Rector of Singidunum University from 2020-2021 and currently holds the position of Vice President. In the past, he held several administrative and management positions, including Vice Dean for Student Affairs at the Faculty of Business at Singidunum University from 2010-2011. He was also a member of the Senate and the Council of the Postgraduate Studies Department at Singidunum University and participated in many development projects there. Additionally, he was a member of the Managing Board at Jubmes bank from 2017 to 2019 and served as a consultant for the Project providing technical assistance to the Republic of Serbia in the reform of corporate financial reporting. He was also a member of the Supervisory Board at the National Association of Valuers of Serbia from 2014 to 2016 and engaged as a lecturer in courses for acquiring the title of Certified Practicing Valuer. He participates in the realization of seminars accredited by the Institute for the Advancement of Knowledge and Education for secondary school teachers entitled: "The Contemporary Approach to Education in the Fields of Economics, Finance and Accounting using Case Studies from the Domestic Economy." All seminars have received high ratings from participants in subsequent surveys. He has twice been a member of the jury for the "Start Young - Take the Lead" competition in solving case studies for secondary school students, organized by Ernst & Young. He is a co-author of the Handbook for the Application of the Chart of Accounts for Companies, Cooperatives and Entrepreneurs, published by the consulting firm IPC, which is widely used in national accounting practice. As part of his engagement in the TEMPUS project "Strengthening the Student Role in Governance and Management at the Universities of Serbia in line with the Bologna Process (SIGMUS)," he visited Middlesex University in London in 2013 with the task of exchanging experiences in the field of student involvement in the management of higher education institutions. In 2009 and 2010, he paid a working visit to Lincoln University in the United States to implement a joint research project.


4. PROFESSIONAL DEVELOPMENT He regularly attends seminars and workshops to enhance his professional and scientific knowledge. Some of the professional training courses he has completed include:

• Certificate of Completion for the Introduction to Bayesian Multilevel Models (brms-package for R) course, held at Utrecht University, Utrecht (2019).

• Certificate of Completion for the Multilevel Structural Equation Modeling and R course, held at Utrecht University, Utrecht (2015).

• Certificate for the Value: More than a Number course, held in Belgrade (2013).

• Certificate for the Valuation course, held at New York University, New York (2012).

• Certificate of Completion for the SAP ERP course, held at Singidunum University, Belgrade (2011).

• Participation in paper presentation at the seminar Financial Openness and Financial Risk Control for Developing Countries, held at the Central University of Finance and Economics, Beijing (2010).

• Certificate for the Manager as Coach and Mentor course, held at Stanford University, California (2010).

• Certificate for the Project Portfolio Management/Leadership course, held at Berkeley University, California (2010).


The main areas of his research include Corporate Finance, Banking, Audit, and Applied Statistical Analysis. He has published several dozen scholarly articles (ORCID ID: https://orcid.org/0000-0002-6543-1472). Of those articles, many were published in top journals such as Tourism Management (IF 10.125), Annals of Tourism Research (IF 9.635), Cornell Hospitality Quarterly (IF 2.436), The International Review of Research in Open and Distributed Learning (IF 2.892), Environmental Health (IF 4.986), Journal of Toxicology and Environmental Health. Part A (IF 2.408), and many others. His scientific work has attracted the appropriate attention of the academic public (current number of citations on Google Scholar: 1017 https://scholar.google.com/citations?user=6ToeNbcAAAAJ&hl=en; the current number of citations on Scopus: 349 https://www.scopus.com/authid/detail.uri?authorId=55618174600&eid=2-s2.0-85042311272).

He served as the editor-in-chief of the scientific journal The Journal of Applied Economics. He has been involved as a reviewer, among others, by the following journals: Tourism Management (IF 10.125), Cornell Hospitality Quarterly (IF 2.436), International Journal of Hospitality Management (IF 6.361), The International Review of Research in Open and Distributed Learning (IF 2.892).

He is a member of the scientific and organizing committees of several international conferences.

Based on the obtained scientific research results, he meets the lecturer and mentor requirements for Ph.D. studies, in accordance with the Standard 9 criteria of the Commission for Accreditation and Quality Assurance (KAPK), and the conditions to be the principal investigator funded by the Ministry of Education, Science, and Technological Development.

He was the principal investigator of the project registered for the competition of the Ministry of Education, Science, and Technological Development, entitled Improvement of Competitiveness of Domestic Companies on Domestic and International Capital Markets. He participated in the TEMPUS project Restructuring of Doctoral Studies in Serbia (RODOS). He was also involved in the TEMPUS project Strengthening the Student Role in Governance and Management at the Universities of Serbia in Line with the Bologna Process (SIGMUS).

Currently, he participates as a researcher in a project funded by the Science Fund of the Republic of Serbia called TOURCOMSERBIA: Tourism destination competitiveness – evaluation model for Serbia.


  • Doktorske studije
    Univerzitet Singidunum,
    Finansije i bankarstvo, 2007-2010
  • Master studije
    Lincoln University,
    Investiciono bankarstvo, 2006-2007
  • Osnovne studije
    Ekonomski fakultet Univerziteta u Beogradu,
    Računovodstvo, revizija i finansijsko upravljanje, 2000-2005


  • G. Knežević, N. Stanišić, V. Mizdraković, Analiza finansjiskih izveštaja, Univerzitet Singidunum, 2013
  • Z. Petrović, K. Vićentijević, N. Stanišić, Računovodstvo, Univerzitet Singidunum, 2013
  • K. Vićentijević, Z. Petrović, N. Stanišić, Zbirka zadataka iz Upravljačkog računovodstva, Univerzitet Singidunum, 2013
  • N. Stanišić, M. Milosavljević, M. Unković, Savremeno berzansko i elektronsko poslovanje, Univerzitet Singidunum, 2010
  • Z. Petrović, N. Stanišić, K. Vićentijević, Praktikum iz računovodstvene regulative, Univerzitet Singidunum, 2009
  • K. Vićentijević, Z. Petrović, N. Stanišić, Zbirka zadataka iz Računovodstva, Univerzitet Singidunum, 2008

Radovi u časopisima:

  • M. Todorovic, N. Stanisic, M. Zivkovic, N. Bacanin, V. Simic, E. B. Tirkolaee, Improving audit opinion prediction accuracy using metaheuristics-tuned XGBoost algorithm with interpretable results through SHAP value analysis, Applied Soft Computing, No. 110955, Oct, 2023
  • S. Stamenković, N. Stanišić, T. Radojević, Determinants of European telecom operators’ capital structure, Ekonomika preduzeća - Savez ekonomista Srbije, Vol. 3-4, pp. 178 - 191, May, 2023
  • V. Bošković, N. Stanišić, M. Veljković Michos, Is English a male language and Spanish a female language? An explorative study of gender and second language acquisition at a higher education institution in Serbia, Komunikacija i kultura, Vol. 11, No. 11, pp. 1 - 28, Dec, 2020
  • M. Perić, N. Stanišić, FDI Inflow Effects on Western Balkan Area's Labour Markets, The European Journal of Applied Economics, Vol. 17, No. 2, pp. 147 - 160, Oct, 2020
  • T. Radojević, N. Stanišić, N. Stanić, The culture of hospitality: From anecdote to evidence, ANNALS OF TOURISM RESEARCH, Vol. 79, pp. 1 - 14, Nov, 2019
  • N. Stanišić, T. Radojević, N. Stanić, Predicting the Type of Auditor Opinion: Statistics, Machine Learning, or a Combination of the Two?, The European Journal of Applied Economics, Vol. 16, No. 2, pp. 1 - 58, Oct, 2019
  • T. Radojević, N. Stanišić, N. Stanić, R. Davidson, The effects of traveling for business on customer satisfaction with hotel services, TOURISM MANAGEMENT, Vol. 67, pp. 326 - 341, Aug, 2018
  • S. Stanišić, N. Stanišić, A. Stojić, V. Džamić, Sezonske varijacije smrtnosti od kardiovaskularnih, respiratornih i malignih oboljenja na području Beograda, Stanovništvo, Vol. 54, No. 1, pp. 83 - 104, Oct, 2016
  • T. Radojević, N. Stanišić, N. Stanić, Inside the Rating Scores: A Multilevel Analysis of the Factors Influencing Customer Satisfaction in the Hotel Industry, Cornell Hospitality Quarterly, Vol. 58, No. 2, pp. 134 - 164, Sep, 2016
  • N. Stanišić, N. Stefanović, T. Radojević, Determinants of the Cost of Debt in the Republic of Serbia, Teme, Vol. XL, No. 2, pp. 869 - 882, Apr, 2016
  • D. Rađen, N. Stanišić, Financial Distress and Managerial Turnover: The Case of the Republic of Serbia, Prague Economic Papers, Vol. rad prihvaćen, pp. / - /, 2016
  • S. Stanišić, N. Stanišić, A. Stojić, Temperature-related mortality estimates after accounting for the cumulative effects of air pollution in an urban area., Environmental Health: A Global Access Science Source, Vol. 15, No. 73, pp. 1 - 11, 2016
  • S. Stanišić, N. Stanišić, A. Stojić, A. Šoštarić, Single and combined effects of air pollutants on circulatory and respiratory system-related mortality in Belgrade, Serbia., Journal of Toxicology and Environmental Health. Part A, Vol. 79, No. 1, pp. 17 - 27, 2016
  • N. Stanišić, V. Mizdraković, T. Radojević, N. Stanić, Defining second-tier audit firms in Serbia: In search of the Small four, The European Journal of Applied Economics, Vol. 12, No. 2, pp. 35 - 43, Oct, 2015
  • T. Radojević, N. Stanišić, N. Stanić, Solo travellers assign higher ratings than families: Examining customer satisfaction by demographic group, Tourism Management Perspectives, Vol. 16, pp. 247 - 258, Sep, 2015
  • T. Radojević, N. Stanišić, N. Stanić, Ensuring positive feedback: Factors that influence customer satisfaction in the contemporary hospitality industry, TOURISM MANAGEMENT, Vol. 51, pp. 13 - 21, May, 2015
  • D. Rađen, N. Stanišić, The Influence of Financial Distress on Ownership Structure: Empirical Study for the Republic of Serbia, Acta Oeconomica, Vol. 67, No. 1, pp. 21 - 41, 2015
  • G. Knežević, N. Stanišić, V. Mizdraković, Predictive Ability of Business Excellence Model: The Case of Foreing Serbian Investors in the Period 2008-2012, Teme, Vol. 4, No. 1, pp. 1475 - 1488, Dec, 2014
  • S. Stanišić Stojić, G. Dobrijević, N. Stanišić, N. Stanić, Characteristics and Activities of Teachers on Distance Learning Programs that Affect Their Ratings, International Review of Research in Open and Distance Learning, Vol. 15, No. 4, pp. 248 - 262, Sep, 2014
  • N. Stefanović, N. Makojević, N. Stanišić, Glass Ceiling over Private Equity: The Case of Emerging Markets, Industrija, Vol. 42, No. 2, pp. 155 - 168, Jul, 2014
  • Ž. Račić, N. Stanišić, M. Račić, A Comparative Analysis of the Determinants of Interest Rate Risk Using the Example of Banks from Developed and Developing Financial Markets, Engineering Economics, Vol. 25, No. 4, pp. 395 - 400, Jan, 2014
  • N. Stanišić, V. Mizdraković, G. Knežević, Corporate Bankruptcy Prediction in the Republic of Serbia, Industrija, Vol. 41, No. 4, pp. 145 - 159, Nov, 2013
  • N. Stefanović, N. Stanišić, Ž. Stefanović, Private Equity Investing and Total Quality - Updated, International Journal for Quality Research, pp. 83 - 91, 2013
  • Marko Šarac, Tijana Radojević, Nemanja Stanišić, Saša Adamović, Dalibor Radovanović, Safety of e-business Applications in Serbia: Applied Knowledge Based on SSL Traffic, Journal of Internet Banking and Commerce, Vol. 17, No. 3, pp. 1 - 18, Dec, 2012
  • N. Stanišić, T. Radojević, V. Mizdraković, N. Stanić, Capital efficiency analysis of Serbian companies, Singidunum revija, Vol. 9, No. 2, pp. 41 - 49, Jan, 2012

Radovi na konferencijama:

  • V. Mizdraković, N. Stanić, V. Mitić, A. Obradović, M. Kljajić, M. Obradović, N. Stanišić, Empirical data on financial and audit reports of Serbian business entities, pp. 193 - 198, Dec, 2020
  • N. Stefanović, N. Stanišić, L. Barjaktarović, N. Makojevic, Impact Investing and Job Creation in the Contemporary Business Environment: Evidence from the Republic of Serbia, pp. 1 - 5, Dec, 2016
  • N. Stanišić, Recent trends in quantitative research in the field of tourism and hospitality, Book of proceedings SITCON 2016, pp. 7 - 10, Sep, 2016
  • M. Mrdaković, J. Boljanović, N. Stanišić, Research on assessment centers in Serbia, pp. 538 - 543, Apr, 2016
  • V. Mizdraković, N. Stanišić, Revisiting Fair Value Accounting as a Magnifier of Financial Crises, pp. 382 - 388, Apr, 2016
  • N. Stanišić, T. Radojević, N. Stanić, D. Rajin, The Association Between Auditor Switching and Audit Opinion in the Republic of Serbia, pp. 9 - 12, Dec, 2015
  • S. Stanišić, N. Stanišić, A. Šoštarić, A. Stojić, S. Mladenović, The association between short-term PM10 exposure and mortality caused by respiratory system diseases in Belgrade area, Oct, 2015
  • S. Stanišić, N. Stanišić, A. Šoštarić, A. Stojić, S. Mladenović, The association between short-term exposure to PM10 and soot and circulatory system-related mortality in Belgrade area, Oct, 2015
  • T. Radojević, M. Šarac, D. Radovanović, N. Stanišić, The advantages of Serbia for foreign direct investments, 19th International Academic Conference Florence, pp. 718 - 729, Sep, 2015
  • S. Stanišić, G. Dobrijević, N. Stanišić, T. Radojević, International partnership in higher education between success and failure, Proceedings in GV - Global Virtual Conference, pp. 87 - 92, Apr, 2015
  • V. Mizdraković, N. Stanišić, S. Popovčić-Avrić, M. Đenić, Predicting the Lifespan of a Company: An Important Factor for Capital Reallocation, Sinthesis 2015 - International Scientific Conference of IT and Business-Related Research, pp. 394 - 399, Apr, 2015
  • N. Stefanović, N. Stanišić, A. Bradić-Martinović, Private Equity and Business Budgeting, pp. 60 - 63, Dec, 2014
  • G. Dobrijević, S. Stanišić, N. Stanišić, Internal and external factors influencing the success of international cooperation in higher education market – SWOT analysis, pp. 5 - 15, May, 2014
  • T. Radojević, N. Stanišić, N. Stanić, M. Šarac, Measuring customer satisfaction in the hospitality industry: an empirical study of the hotels in the capital cities of Europe, pp. 788 - 795, Apr, 2014
  • N. Stanišić, Z. Petrović, K. Vićentijević, V. Mizdraković, Auditor Switching and Qualified Audit Opinion: Evidence from Serbia, Impact of Internet on Business Activities in Serbia and Worldwide, pp. 552 - 558, Apr, 2014
  • T. Radojević, M. Šarac, D. Radovanović, N. Stanišić, S. Adamović, J. Jovanović, Penetration analysis of security in wireless networks, Athens, Greece, May, 2013
  • T. Radojević, D. Radovanović, M. Šarac, N. Stanišić, N. Radović, The impact of franchising on the development of tourism in Serbia, Istanbul, Turkey, pp. 168 - 169, May, 2012
  • S. Stanišić, N. Stanišić, V. Jovanović, Management processes improvement in higher education institutions through implementation of new technologies, Jan, 2011
  • G. Knežević, N. Stanišić, M. Stanišić, Environmental issues and financial reporting trends-evidence from Serbia, Second Italian Conference on social and Environmental Accounting Research, Sep, 2008

Ostali radovi:

  • T. Radojević, N. Stanišić, Customer Satisfaction, In D. Buhalis (Eds.), Encyclopedia of Tourism Management and Marketing, pp. 736 - 739, Edward Elgar Publishing, Aug, 2022
  • N. Stanišić, T. Radojević, N. Stanić, Appraisal of Apartments in Belgrade Using Hedonic Regression: Model Specification, Predictive Performance, Suitability for Mass Appraisal, and Comparison with Machine Learning Methods, In: Pap E. (eds) Artificial Intelligence: Theory and Applications. Studies in Computational Intelligence, pp. 293 - 312, Springer, Cham, Jul, 2021
  • S. Stanišić, N. Stanišić, A. Stojić, Short- and Long-Term Effects of Urban Air Pollution on Cardiopulmonary and Malignant Death Rates, Air Pollution: Management Strategies, Environmental Impact and Health Risks, Nova science Publisher, New York, USA, May, 2016
  • A. Šoštarić, S. Mladenović, S. Stanišić, N. Stanišić, A. Stojić, V. Slepčević, Health burden of air pollutant exposure in Belgrade: a European region with high circulatory and malignant mortality rates., Newsletters No. 56, pp. 2 - 9, WHO Collaborating Centre for Air Quality Management and Air Pollution Control, Dec, 2015
  • S. Stanišić, V. Jovanović, N. Stanišić, Continuous business and educational processes improvement in higher education institutions through implementation of new technologies, Human Factors of a Global Society: A System of Systems Perspective, pp. 811 - 820, CRC Press, 2014
  • N. Stanišić, S. Popovčić-Avrić, V. Mizdraković, M. Đenić, Mark to Market Accounting as a Magnifier of Financial Crises, In: Mirdala, R. Financial Aspects of Recent Trends in the Global Economy. 1st edition, pp. 110 - 126, ASERS Publishing, Craiova, 2013
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