Abstract
ABSTRACT This paper investigates the proper role of the Serbian government during the recovery of the economy after the COVID-19 pandemic. Based on corporate liquidity during the pandemic and with the help of nonhierarchical clustering, this research identifies a group of industry sectors and companies in the Serbian economy with the lowest corporate liquidity in stress. Results of this research show that there are about one-third of companies in the Serbian economy with the lowest corporate liquidity in stress; this is critically sensitive in informing the next steps of the government as well as in financial measures introduced by the government.
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