scholarly journals Financial Health of small and Medium-Sized Companies in the Visegrad Countries

e-Finanse ◽  
2019 ◽  
Vol 15 (3) ◽  
pp. 56-66
Author(s):  
Tomáš Pražák
Keyword(s):  
Financial Distress ◽  
Financial Analysis ◽  
National Level ◽  
Financial Health ◽  
Financial Situation ◽  
The Social ◽  
Negative Effect ◽  
The Impact ◽  
Visegrád Countries ◽  
Macroeconomic Environment

AbstractSMEs are a major provider of jobs, contribute to promoting the social and economic cohesion of regions and, in particular, they are important for regions facing high unemployment or lower economic development. The importance of assessing a company’s financial performance has been steadily rising in recent years. The paper aims to evaluate to what extent the financial situation of a company, especially the risk of financial distress and bankruptcy, is influenced by the macroeconomic environment defined by fundamental macroeconomic variables. The analysis of the interrelationships will be carried out at the national level for Visegrad countries. The criterion for financial distress is defined not only by capital restructuring of the company or extensive layoffs, but also as the results of the negative effect of the macroeconomic environment. To achieve the goal of the paper, predictive bankruptcy models of financial distress based on financial analysis of enterprises will be used as well as regression analysis and correlation analysis. The observed period for analyses will be from 2009 to 2016. It seems appropriate to pay particular attention to examining the impact of economic growth, and the exchange rate on the financial situation of the enterprise. These indicators play an important role in defining internal and external economic equilibrium, which is also reflected in the functioning of individual businesses and sectors. Based on the results of the GMM analysis, it was found that only in the case of the Czech Republic was it possible to follow statistically significant relationships between the selected indicators.

scholarly journals Impact of COVID-19 on the economic-financial health of the company REIPROACERO S. A., during the periods 2019-2020

2021 ◽  
pp. 1-10
Author(s):  
Keily Jannina Muñoz-Walter ◽  
Carlos Omar Soto-González
Keyword(s):  
Scientific Method ◽  
Financial Analysis ◽  
Financial Statements ◽  
Financial Health ◽  
Financial Situation ◽  
Research Article ◽  
Qualitative Descriptive ◽  
Descriptive Approach ◽  
The Impact ◽  
Investigative Process

This research article focused on evaluating the economic-financial situation of the company REIPROACERO SA, through the application of financial analysis methods and financial ratios, in order to determine the impact caused by the COVID-19 pandemic. On the other hand, within the investigative process the scientific method is applied, since it allowed to have an approach to the fact of interest, having contact with the data and information and real facts, which provided clues for the formulation of hypotheses and antecedents, building knowledge and leading to the verification of the same. Likewise, the qualitative descriptive approach was used, since the Financial Statements of the company, obtained from the Superintendencia de Compañias, Valores y Seguros, were analyzed; with a documentary design because information was obtained from scientifically recognized sources such as journals, articles in order to scientifically strengthen research. Where the results obtained showed excessive liquidity, low profitability and poor portfolio rotation.

scholarly journals Social support for families with children in the period of coronavirus epidemic and families' need

POPULATION ◽  
2021 ◽  
Vol 24 (4) ◽  
pp. 95-106
Author(s):  
Irina Korchagina ◽  
Lidia Prokofieva
Keyword(s):  
Social Support ◽  
Living Standards ◽  
Financial Situation ◽  
The Past ◽  
The Social ◽  
Received Social Support ◽  
Negative Effect ◽  
Families With Children ◽  
The Impact ◽  
Analytical Center

The purpose of this work is analysis of the social support coverage in Russia during the coronavirus epidemic. The paper also analyzes the impact of the pandemic on the financial situation of families. The work focused on families with children as the poorest category of the Russian population with a lot of social exclusions. The study was based on the data from population survey conducted at the top of the epidemic by the Yuri Levada Analytical Center (LEVADA-CENTER). During the period of isolation caused by the coronavirus epidemic, population significantly suffered from lack of work and reduction of earnings. Families with children lost the possibility to leave children in kindergartens and schools that had a negative effect on the welfare of the population: 35% families reported worsening of the financial situation of their families over the past year. At the same time, more than 40% of the families received social support compensating the negative effect of the coronavirus epidemic. Social support was primarily provided to families with children — there were twice as many recipients of benefits among them then among the entire population. The paper also analyzes the opinion of the population about what measures of the social support they consider the most important and what types of assistance their families need. According to the survey data, the greatest need of the population is for financial support (almost 37% of families). At the same time, the majority of the respondents believe that it is the duty of the state to provide all children with normal living standards. The analysis has shown the importance of the social support of the population and the necessity of raising its efficiency in the difficult period of the coronavirus epidemic.

scholarly journals Dynamic Integrated Model for Assessing Fisheries: Discard Bans as an Implicit Value-Added Tax

2021 ◽  
Author(s):  
Jose Maria Da Rocha ◽  
Javier García-Cutrín ◽  
Maria-Jose Gutiérrez ◽  
Raul Prellezo ◽  
Eduardo Sanchez
Keyword(s):  
Value Added ◽  
Point Of View ◽  
Value Added Tax ◽  
Biological Variables ◽  
A Value ◽  
Long Run ◽  
The Social ◽  
Negative Effect ◽  
Short Run ◽  
The Impact

AbstractIntegrated economic models have become popular for assessing climate change. In this paper we show how these methods can be used to assess the impact of a discard ban in a fishery. We state that a discard ban can be understood as a confiscatory tax equivalent to a value-added tax. Under this framework, we show that a discard ban improves the sustainability of the fishery in the short run and increases economic welfare in the long run. In particular, we show that consumption, capital and wages show an initial decrease just after the implementation of the discard ban then recover after some periods to reach their steady-sate values, which are 16–20% higher than the initial values, depending on the valuation of the landed discards. The discard ban also improves biological variables, increasing landings by 14% and reducing discards by 29% on the initial figures. These patterns highlight the two channels through which discard bans affect a fishery: the tax channel, which shows that the confiscation of landed discards reduces the incentive to invest in the fishery; and the productivity channel, which increases the abundance of the stock. Thus, during the first few years after the implementation of a discard ban, the negative effect from the tax channel dominates the positive effect from the productivity channel, because the stock needs time to recover. Once stock abundance improves, the productivity channel dominates the tax channel and the economic variables rise above their initial levels. Our results also show that a landed discards valorisation policy is optimal from the social welfare point of view provided that incentives to increase discards are not created.

scholarly journals (The impact of financial performance assessment on the quality of banking performance An applied study on the Commercial Bank of Chad in the Republic of Chad for the period (2008-2013: أثر تقويم الأداء المالي على جودة الأداء المصرفي دراسة تطبيقية على مصرف شاري التجاري بجمهورية تشاد للفترة (2008-2013م)

2017 ◽  
Vol 1 (6) ◽  
Author(s):  
Mohammed Bukhari Hassan Ali
Keyword(s):  
Commercial Bank ◽  
Financial Distress ◽  
Financial Management ◽  
Financial Analysis ◽  
High Ratio ◽  
Bank Loans ◽  
General Classification ◽  
The Republic ◽  
The Impact

The study addressed the issue of the quality of financial Shari commercial bank management and the extent of their relationship to the funding of competence, to see how the quality of financial management, and to identify its transparency when granting credit, and to identify the general classification of the bank on CAMELS index of the banking classification. Study the problem in the following questions: Are the financial and credit policies of the bank bank?. It is that the bank actually applied followed in the granting of credit financial procedures? Is bank financing of the bank efficient? Is that the bank applied to all financial regulations and decisions of the Organization of the banking business? The study sought to analyze and test the hypotheses: The bank's reliance on financial analysis to rationalize decisions granting Alaitmat lead to the efficiency of the funding. The Bank’s general classification in term of quality, liquidity adequacy, financial level of default and loan-to deposit ratio are within the good classification. The Chari commercial Bank's performance is good. Used in the study are: descriptive analytical method and the historical approach in addition to the deductive approach. The study reached the following findings: The results of the study that there is a positive relationship between the quality of financial management bank (Shari) commercial financing and efficiency, the bank loans relative to deposits above the industry the desired level standard, the bank in case of default Mali due to the high ratio of non-performing loans and by passed the industry standard, the bank is suffering from an acute shortage of liquidity, causing falter in the bank's operations. The most important recommendations of the study: the need for Shari Commercial Bank to measure and find out the loans to deposits ratio and liquidity of the bank continuously to meet the obligations and withdrawals daily is expected, should the bank not to grant loans only after making sure it fits with deposits and ensure liquidity of the bank to avoid potential financial distress, the need to seek to provide all types of banking services offered by the rest of the workforce in the country's banks.

scholarly journals THE IMPACT OF ECONOMIC EXPECTATION, SOCIAL CAPITAL AND HOPE ON MIGRATION REQUEST AND ACTION

2021 ◽  
pp. 47-58
Author(s):  
Şerafettin KELEŞ
Keyword(s):  
Social Capital ◽  
Structural Equation ◽  
Empirical Method ◽  
Economic Thought ◽  
Equation Modeling ◽  
Migration Decision ◽  
Factors Affecting ◽  
The Social ◽  
Negative Effect ◽  
The Impact

In this study, the factors affecting the request and action of migration are examined with empirical method within the scope of neoclassical economic theories and behavioral economic thought. A survey of a selected sample was analyzed with structural equation modeling. There was a linear relationship between migration and economic expectation, social capital and hope. It was found that the Economic Expectation Variable had a very strong negative effect on individuals' decision to immigrate and desire to migrate (γ = -0.99; t = -17.87). Hope variable has a very strong negative effect on individuals' migration decision and desire to migrate (γ = -0.96; t = -13.66). The Social Capital Secret Variable has a negatively moderate effect on individuals' decision to immigrate and desire to migrate (γ = -0.48; t = -8.19). It was seen that economic and political conjuncture was effective in the decision of migration of individuals.

scholarly journals Interdisciplinary approaches to the new paradigm of the global financial and monetary architecture after the Covid 19 pandemic crisis in correlation with the social problems in the EU countries

2021 ◽  
Vol 129 ◽  
pp. 01008
Author(s):  
Ghenadie Ciobanu ◽  
Raluca Florentina Cretu ◽  
Mihai Dinu ◽  
Florin Dobre
Keyword(s):  
Global Economy ◽  
Social Systems ◽  
National Level ◽  
Value Added ◽  
Economic Problem ◽  
New Paradigm ◽  
Interdisciplinary Approaches ◽  
The Social ◽  
The World ◽  
The Impact

Research background: How will the world change after the pandemic? What will be the trends of the global economy after the pandemic in the conditions of digital transformations and the impact of other cutting-edge technologies that will change both the global paradigms of the world economy and the global financial and monetary architecture? It is a problem both globally and in each country. Purpose of the article: In this article we aim to examine the processes of transformation of the financial architecture worldwide in the current conditions of financial-monetary globalization, but also of the revolutionary transformations of digitalization and cybersecurity of national, regional, and global financial systems. Research method: We start from the historical approach of the world financial and monetary phenomenon in correlation with the social evolutions. Another method of research is longitudinal: the study of the world financial and monetary phenomenon in time in the context of building the new paradigm of development at the global level with the transition of building paradigms at the national level. In this context, the statistical method and the method of collecting statistical information are also necessary. Findings & Value added: In the conditions when many countries face various serious problems of social, demographic, mass population migration, imbalances in labor markets, declining quality of life, the new international financial-monetary paradigms, but also regional and national ones demand to be correlated by promoting current policies and building economic, financial-monetary and social systems that correspond to solving these socio-economic problem.

scholarly journals Nationwide Assessment of Urban Surface Water Environment Status in China

2019 ◽  
Vol 81 ◽  
pp. 01003
Author(s):  
Hongjie Gao ◽  
Peng Yuan ◽  
Ruixia Liu ◽  
Lu Han ◽  
Yonghui Song
Keyword(s):  
Water Resources ◽  
Population Density ◽  
National Level ◽  
Water Environment ◽  
National Standard ◽  
Impact Factors ◽  
Urban Water ◽  
Class Iii ◽  
Negative Effect ◽  
The Impact

In this study, the assessment of nationwide urban water environment status was conducted based upon a method of integrating both 70% of objective water quality and 30% of standard compliance percent compared with national standard limit of GB3838-2002 for Class III. The impact factors on urban water environment status were discussed. The results showed that the status of urban water environment could be graded into 5 types in China. The population density, water resources, urbanized areas and so on were key impact factors on water environment. The study found that population density and urban built-up area had significantly negative effect on urban water environment status, and there was positive relationship between per capita water resources and urban water environment status. The results would provide the guidance for effective governance and management of urban water environment at national level.

scholarly journals The inequity of morbidity: Disparities in the prevalence of morbidity between ethnic groups in New Zealand

2020 ◽  
Vol 10 ◽  
pp. 2235042X2097116
Author(s):  
Jason Gurney ◽  
James Stanley ◽  
Diana Sarfati
Keyword(s):  
New Zealand ◽  
Ethnic Groups ◽  
Latin American ◽  
Middle Eastern ◽  
National Level ◽  
Morbidity Burden ◽  
Individual Level ◽  
Level Data ◽  
The Social ◽  
The Impact

Objective: The burden of chronic disease is not evenly shared within our society. In this manuscript, we use comprehensive national-level data to compare morbidity burden between ethnic groups in New Zealand. Methods: We investigated the prevalence of morbidity among all New Zealanders aged 18+ (n = 3,296,837), stratified by ethnic group (Māori, Pacific, Asian, Middle Eastern/Latin American/African, European/Other), using national-level hospitalisation and pharmaceutical data and two measures of morbidity (the M3 and P3 indices). Results and Conclusions: We observed substantial disparities for Māori and Pacific peoples compared to other ethnic groups for the vast majority of commonly-diagnosed morbidities. These disparities appeared strongest for the most-common conditions – meaning that Māori and Pacific peoples disproportionately shoulder an increased burden of these key conditions. We also observed that prevalence of these conditions emerged at earlier ages, meaning that Māori and Pacific peoples also experience a disproportionate impact of individual conditions on the quality and quantity of life. Finally, we observed strong disparities in the prevalence of conditions that may exacerbate the impact of COVID-19, such as chronic pulmonary, liver or renal disease. The substantial inequities we have presented here have been created and perpetuated by the social determinants of health, including institutionalised racism: thus solutions will require addressing these systemic issues as well as addressing inequities in individual-level care.

scholarly journals Impacts of financial distress on real and accrual earnings management

2018 ◽  
Vol 22 (2) ◽  
pp. 222
Author(s):  
Danella Rachel Muljono ◽  
Kim Sung Suk
Keyword(s):  
Earnings Management ◽  
Financial Distress ◽  
Listed Companies ◽  
Production Costs ◽  
The Other ◽  
Real Earnings Management ◽  
Financial Health ◽  
Other Hand ◽  
Management Approaches ◽  
The Impact

This research investigates the impact of financial distress on the magnitude of different earnings management approaches, namely real earnings management and accruals earnings management. This research utilizes a total of 2002 firm-year observations from 259 publicly-listed companies and 20 sub-industries in Indonesia from the year 2005 to 2014. Financial distress causes a significant increase of real earnings management and a significant decrease of accruals earnings management. It means that the healthier the company, the bigger the magnitude of real earnings management that is conducted through managing production costs and discretionary expenses. On the other hand, the lower the financial health of the company, the bigger the magnitude of accruals earnings management that is conducted through managing discretionary component of accruals.

scholarly journals CHANGES IN THE POPULATION STRUCTURE OF SLATINA CITY BETWEEN YEARS 1990-2000

2021 ◽  
Vol 23 (1) ◽  
pp. 47-57
Author(s):  
Florentina MANOLEA CÎRJAN ◽  
Keyword(s):  
National Level ◽  
Age Groups ◽  
Social Transformations ◽  
Active Population ◽  
The Social ◽  
Economic Transformations ◽  
Geographical Study ◽  
Economic Profile ◽  
Travel Abroad ◽  
The Impact

The article is a contribution to the geographical study of the Slatina city in order to elucidate the impact of the economic and social transformations of 1990 – 2002 interval had on the evolution of its demographic phenomena, but also on understanding its socio-economic profile. The research methodology consisted of a comparative analysis of the numerical values provided by the Olt Regional Directorate of Statistics. The measured parameters were: the numerical evolution and its causes, the structure by sexes and age groups, the structure of the active population, the ethnic structure, and according to the practiced religion. The results of the analysis show an evolution developed on the background of the existing one at national level, having as causes: a tendency of numerical decrease determined by the decrease in the birth rate, the opening of European borders, simultaneously with a decline of the national economy, rising unemployment and travel abroad for searching of a job. The article highlights two important conclusions: the economic transformations show the existing reality in the social and economic field, their impact on the socio-economic profile of the Slatina city; the same transformations have taken place at the national level, on the background of the same causes.

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