scholarly journals Credibility of foreign Discriminatory Models in Relation to the Assessment of the Financial Condition of Polish Enterprises. Case Study of E. Altman’s Method

e-Finanse ◽  
2019 ◽  
Vol 15 (3) ◽  
pp. 21-28
Author(s):  
Rafał Pitera
Keyword(s):  
Financial Reporting ◽  
Financial Data ◽  
Economic Conditions ◽  
Real Situation ◽  
Factors Affecting ◽  
Financial Condition ◽  
Incorrect Diagnosis ◽  
Quality And Reliability ◽  
Polish Economy

AbstractThe article is an attempt to assess whether foreign discriminatory models can be used in conditions of the Polish economy. To date, there is no one voice on this issue. There are views that this approach is wrong. It results from different factors affecting a given economy, or another character of the economy itself. Another issue is also differences in financial reporting of individual countries, which is translated into financial data. In turn, a different view is presented by the trend that foreign models can be used in the conditions of the Polish economy, while the differences that appear do not significantly affect the quality and reliability of the received diagnosis. Accordingly, the article attempts to verify both above positions. For the purposes of the study, the article presents the results of research on a sample of 25 bankrupt companies from the years 2012 to 2017, which declared liquidation bankruptcy, and their 25 healthy counterparts. The diagnosis of their financial situation was made using E. Altman’s model of 1983. The results of the study confirm the validity of the thesis that a more correct solution is to adopt the second thesis, namely foreign models can be used in the conditions of the Polish economy, but only after suitable modifications and consideration of the Polish economic conditions. In contrast, the use of foreign models without such a procedure should not take place. Such an approach may have an impact on receiving an incorrect diagnosis which does not correspond to the real situation in the surveyed entity.

scholarly journals Information About Cost of Goods Produced and its Usefulness for Production Engineers – A Case of SME

2017 ◽  
Vol 25 (4) ◽  
pp. 267-272 ◽  
Author(s):  
Ewa Wanda Maruszewska ◽  
Marzena Strojek-Filus ◽  
Zita Drábková
Keyword(s):  
Decision Making ◽  
Financial Reporting ◽  
Financial Information ◽  
Measurement Process ◽  
Financial Data ◽  
Decision Making Process ◽  
Crucial Importance ◽  
Important Input ◽  
Close Cooperation

AbstractThe article stresses the consequences of simplifications implemented in the measurement process of goods produced that are of crucial importance to production engineers in SME. The authors show the variety of possibilities that might be used by financial employees together with probable outputs in terms of valuation distortions. Using the case study the authors emphasis the importance of close cooperation of production engineers with finance professionals as out-puts of finance departments consist an important input for decision-making process of production managers. Further-more, demonstrated deficiencies in terms of methods applicable in financial reporting for measurement of the value of goods produced indicate the need for incorporation more financial and non-financial data in the process of judgments about the final cost of goods produced as simplifications applied in SME distort financial information provided to production engineers.

Factors Affecting The Sustainability Of The Asphalt Roads: A Case Study Of Irbid Inner Ring Road, Jordan

2011 ◽  
Vol 1 (5) ◽  
pp. 93-94
Author(s):  
Eng. Nasr Ahmad Eng. Nasr Ahmad ◽  
◽  
Dr. Mihai Iliescu
Keyword(s):  
Factors Affecting ◽  
Ring Road

Factors Affecting Financial Literacy of Vietnamese Adults: A Case Study for Hanoi and Nghe An

2017 ◽  
Vol 33 (2) ◽  
Author(s):  
Tue Nguyen Dang
Keyword(s):  
Higher Education ◽  
Multiple Regression ◽  
Financial Literacy ◽  
Urban Areas ◽  
Logistic Models ◽  
Factors Affecting ◽  
Financial Behaviors ◽  
Financial Decisions ◽  
Literacy Level

This research examines the factors affecting the financial literacy of Vietnamese adults. Using a sample of 266 observations of adults in 2 big cities in Vietnam (Hanoi and Vinh in Nghe An Province), the author evaluates the literacy level of adults in these urban areas. The financial literacy of the interviewed people is low. The multiple regression results show that lower financial literacy levels associate with higher age and married status and higher financial literacy levels associate with higher education, more family members, the person making financial decisions and the person attending a useful financial course. This research also explores the association between financial literacy and financial behaviors of individuals employing logistic models. It is found that higher financial literacy associates with less probability of overspending and higher probability of saving money and careful spending. Higher financial literacy is also found to associate with higher probability of opening a savings account and making various investments. 

DIRECTIONS FOR DEVELOPMENT OF ANTI-CRISIS FINANCIAL MANAGEMENT

2017 ◽  
Author(s):  
Liubov Iarova ◽  
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Enterprise Management ◽  
Factors Affecting ◽  
Financial Condition ◽  
Flexible Response ◽  
Relevant Topic ◽  
Potential Risks ◽  
Negative Factors ◽  
Theoretical Foundations

For continuous performance, enterprises should not only take into account potential risks and existing negative factors, but also develop methods and principles that allow timely and flexible response to crisis occurrences, as well as determine the recovery stages in an already deteriorated financial condition. Given tasks are solved by anti-crisis financial management, designed to increase the efficiency of enterprise management and facilitate the equalization or improvement of an economic entity’s financial stability, therefore, the directions of its development are a rather relevant topic in a market economy. The article examines the theoretical foundations of anti-crisis financial management, the main factors affecting the emergence of a crisis state at an enterprise, discusses the need for its development, and provides factors that determine the effectiveness of the implemented anti-crisis policy. Identifying the need to improve anti-crisis financial management and decision-making on its implementation are accompanied by an analysis that takes into consideration possible risks and costs, which determines the expected effect. The author generalizes and indicates the main principles and stages of anti- crisis management.

INTERETHNIC ATTITUDES IN THE LABOR SPHERE (TOWARDS THE BOSS OF A DIFFERENT NATIONALITY)

2019 ◽  
pp. 177-189
Author(s):  
P.V. Fadeev
Keyword(s):  
Focus Groups ◽  
Marital Status ◽  
Economic Conditions ◽  
S Wave ◽  
Factors Affecting ◽  
Education Profession

The article is devoted to the study of interethnic attitudes of people of different nationalities in the labor sphere. Based on the data of 24-s wave of RLMS-HSE, interviews and focus groups, we study the readiness to accept a boss of a different nationality, as well as factors affecting the perception of a foreign boss (gender, age, education, profession, marital status, type of settlement and economic conditions).

Evaluation of Socio-Economic Conditions of Coldwater Fish Farmers: A Case Study of Sikkim

2020 ◽  
pp. 62-71
Keyword(s):  
Income Inequality ◽  
Economic Status ◽  
Good Condition ◽  
Total Sample ◽  
Living Conditions ◽  
Economic Conditions ◽  
Gini Coefficients ◽  
Socio Economic Status ◽  
The People

ABSTRACT The study analyses the socio-economic status, degree of income inequality and perceived socio-economic conditions of the fish farmers of the four districts of Sikkim. A total sample size of 200 fish farmers was selected from the four districts depending upon the presence of the number of farmers in each district. Purposive random sampling method was used and the results were analysed from descriptive statistics such as frequency count and percentages. The degree of income inequality was analysed through Gini coefficients. The factors that determined the perceived socio-economic living conditions were analysed with a logistic regression model. The socio-economic status of the people was found to be in good condition and there were not many variations among the fish farmers of different districts. Most of the respondents had pucca houses with the combination of firewood and LPG as a source of cooking fuel and also had access to basic amenities like electricity, drinking water and sanitation facilities in the households. The study also found that income inequality was not so severe amongst the fish farmers of the three districts except for the East district which had the strongest income inequality. The per capita income, housing condition and ratio of above primary education to total members had a significant impact on the perceived living conditions of the fish farmers. Keywords

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