scholarly journals Proposal of the Functional System for the Airline Companies Financial Situation Assessment

2019 ◽  
Vol 21 (1) ◽  
pp. 3-8
Author(s):  
Ondrej Stopka ◽  
Ladislav Bartuska ◽  
Jacek Caban ◽  
Larisa M. Kapustina
Keyword(s):  
Economic Performance ◽  
General Procedure ◽  
Functional System ◽  
Aviation Industry ◽  
Financial Indicators ◽  
Financial Health ◽  
Financial Situation ◽  
Advantages And Disadvantages ◽  
The Individual

This paper presents the draft methodology to be applied for evaluating the financial health of airlines. In the introductory part, specific attributes, regarding the individual types of airlines, are described. Subsequent parts of the manuscript outline advantages and disadvantages to measure airlines performance when implementing financial indicators, as well as a general procedure to evaluate the financial situation of a company operating in the aviation industry. The most important part of the paper includes the proposal of the specific functional system to evaluate the economic performance of airlines. Financial evaluation itself (evaluation of financial indicators of the enterprise‘s economic performance) is performed through a particular case study when comparing several existing airlines.

scholarly journals Financial health of agricultural enterprises in the organic farming sector

2011 ◽  
Vol 59 (7) ◽  
pp. 91-96 ◽  
Author(s):  
Ivana Brožová
Keyword(s):  
Organic Farming ◽  
Financial Indicators ◽  
Financial Health ◽  
Organic Farms ◽  
Conventional Agriculture ◽  
Agricultural Enterprises ◽  
Average Value ◽  
Organic Farm ◽  
The Individual ◽  
Legal Entities

The present research was aimed at evaluating the economic performance of organic farm enterprises (legal entities) in the Czech Republic on the basis of their production base and financial health. The evaluation was carried out by means of specific financial indicators. The results recorded in the organic farming sector were confronted with those of the conventional agriculture. It stemmed from the analysis that conventionally farming legal entities, as opposed to the organically farming ones, tend to have higher average assets per hectare of farmland. Secondly, as for the structure of assets, fixed assets prevail substantially over current assets. Organic farms, on the contrary, have a significantly higher average value of external financial resources per hectare of farmland. In order to evaluate the financial health of organic farms, their economic results were used; firstly in absolute value (including per hectare calculation) and then within the individual ratios. The analysis showed that 84.4 % farms of the sample were profitable as long as subsidies were included in the yields. While excluding subsidies from the calculations, an overwhelming majority of enterprises (95.3 %) recorded a loss. Comparing the per hectare economic results, higher average profit rates were recorded for organic farms. Furthermore, financial health of the enterprises was analyzed by means of selected indicator ratios. Concrete results, including the respective commentaries, can be found in the present paper too.

scholarly journals FINANCIAL HEALTH OF ENTERPRISES INTRODUCING SAFEGUARD PROCEDURE BASED ON BANKRUPTCY MODELS

2018 ◽  
Vol 19 (5) ◽  
pp. 692-705 ◽  
Author(s):  
Jaroslav Schönfeld ◽  
Michal Kuděj ◽  
Luboš Smrčka
Keyword(s):  
Descriptive Statistics ◽  
Financial Health ◽  
Z Score ◽  
Problematic Situation ◽  
The Czech Republic ◽  
Financial Situation ◽  
Financial Conditions ◽  
Time Period ◽  
One Year ◽  
The Individual

This paper is focused on the financial situation of enterprises introducing safeguard procedure (in other words moratorium) in the Czech Republic. The paper’s aim is to show if the enterprises asking for the safeguard procedure do have financial conditions for recovering and maintaining the going concern principle. The safeguard procedure should help the enterprise to solve their problematic situation because it protects them against creditors for the court approved time period. The safeguard procedure cannot be successful when the financial situation is extremely poor and therefore this paper analyses the enterprises’ financial situation upon applying for safeguard. The situation is evaluated using bankruptcy models, such as Altman Z-Score, Kralicek Quick Test, IN 99 and IN05. The evaluation is conducted in different time moments, specifically one year, two years and three years before implementing the safeguard procedure. Results for the individual enterprises are summed up by basic descriptive statistics as mean, median, low and upper quartiles. The results show that the financial situation of most enterprises was very poor before introducing the safeguard procedure and it had deteriorated during the years before.

scholarly journals SISTEMA DE MEDIÇÃO INDIVIDUALIZADA DE ÁGUA: ESTUDO DE CASO DE EDIFÍCIO COMERCIAL EM SÃO PAULO

2016 ◽  
Vol 11 (3) ◽  
Author(s):  
Bárbara Cattapreta Lima ◽  
Juliana Keiko Yamaguchi ◽  
Lika Livia Kussaba ◽  
Armando Traini Ferreira
Keyword(s):  
System Performance ◽  
Sao Paulo ◽  
São Paulo ◽  
Commercial Building ◽  
Performance Study ◽  
Rational Use ◽  
Advantages And Disadvantages ◽  
The Common ◽  
The Individual

RESUMO: Este artigo utiliza para seu desenvolvimento dados reais coletados da observação de um Sistema de Medição Individualizada (SMI) de água de um edifício comercial situado em São Paulo – SP e, apresenta como objetivos um estudo da redução de consumo resultante da instalação do SMI e um levantamento a respeito das vantagens e desvantagens da sua utilização em edifícios. O SMI consiste na instalação de um medidor em cada unidade habitacional a fim de contabilizar individualmente o consumo de água, energia, gás e outros insumos ou serviços, salvo a porção utilizada nas áreas comuns do edifício, que continua sendo rateada entre os condôminos. Dessa maneira, permite uma cobrança mais justa e o surgimento de um pensamento voltado para um uso mais racional e, consequentemente mais sustentável, induzido pelo maior controle dos gastos, por parte dos consumidores, referente ao item medido. Os resultados obtidos no estudo de caso apontaram para um uso mais racional, proveniente da melhor gestão de consumo de água, possibilitada pela instalação do SMI. Como principal contribuição, este artigo apresenta um panorama geral e simples do SMI de água, atentando para as principais vantagens de sua instalação em ambientes comerciais. ABSTRACT: This article uses for its development actual data collected from the observation of a Water Individualized Measurement System (W-IMS) of a commercial building located in São Paulo - SP, and aims at achieving a system performance study and also a survey of the main advantages and disadvantages of using an W-IMS in buildings. The SMI consists of installing a meter on each housing unit to enable the individual metering of water, energy, gas and other supplies or services consumption, except the portion used in the common areas of the building, which remains divided among all building residents. The W-IMS allows a fairer charging for water consumption, and encourages the emergence of a more sustainable thinking, focused to a water rational use, induced by the consumer’s spending control. The results of the case study point to a more rational use of water from its better consumption management, made possible by the IMS facilities. Finally, the main contribution of this paper is to present an simplified overview about W-IMS, paying attention on its design details and the advantages of its installation in commercial built-up environments.

scholarly journals Evaluation of the Financial Performance of the Municipalities in Slovakia in the Context of Multidimensional Statistics

2021 ◽  
Vol 14 (12) ◽  
pp. 570
Author(s):  
Jozef Lukáč ◽  
Katarína Teplická ◽  
Katarína Čulková ◽  
Daniela Hrehová
Keyword(s):  
Cluster Analysis ◽  
Financial Performance ◽  
Management Practices ◽  
Public Organizations ◽  
Financial Indicators ◽  
Financial Health ◽  
Managerial Control ◽  
Clustering Method ◽  
Financial Situation ◽  
Multidimensional Statistics

In some studies, only financial aspects are emphasized, but we also see cases of assessing the financial health of municipalities through socio-economic indicators. Public organizations worldwide have had to increase their financial performance by adopting management practices. Nonetheless, financial performance might be mostly predicted by contingencies that are not within direct managerial control. The purpose of this paper is to identify clusters of municipalities on the basis of agglomerate cluster analysis, the results of which will point to the financial situation of the municipalities in the selected region. The main aim of this contribution is to identify the location of the municipalities of the chosen self-governing region of Slovakia using the clustering method by selected financial indicators. Individual clusters have similar properties and they differ from the characteristics of businesses in other clusters. The results show that organizational and environmental contingencies affect financial performance, but a significant amount of variation in financial performance is unexplained—indicating that management creates better financial health in the municipality and creates a clearer budget for the management, employees, and residents of the municipality.

scholarly journals Cooperatives and Social Capital: A Theoretically-Grounded Approach

2019 ◽  
pp. 313 ◽  
Author(s):  
Andres Spognardi
Keyword(s):  
Social Capital ◽  
Economic Performance ◽  
Organizational Dynamics ◽  
Implicit Assumption ◽  
New Members ◽  
Positive Effects ◽  
Collective Resource ◽  
The Individual ◽  
Worker Cooperative

Social capital is widely regarded as a collective resource with positive effects on the economic performance of cooperatives. This conclusion is based on the implicit assumption that social interactions between cooperative members would inexorably lead to the development of networks, norms and trust. This paper challenges the validity of this assumption. Conceptualizing social capital as a resource of the individual, it is argued that the interactions between cooperative members may lead to the establishment of a variety of complex social ties, some of which can negatively affect the economic performance of the organization. To illustrate this argument, the paper presents an exploratory case study of a small, manufacturing worker cooperative. Drawing on ethnographic techniques, the study identifies four organizational dynamics which are presumably affected by social capital: (1) the rule of surplus distribution; (2) the style of leadership; (3) the mechanisms of control; and (4) the criteria for recruiting and evaluating new members.

Factors that influence the success of a KM-program in a small-sized airport

2015 ◽  
Vol 19 (3) ◽  
pp. 593-610 ◽  
Author(s):  
Antonio-Luis Gamo-Sanchez ◽  
Juan-Gabriel Cegarra-Navarro
Keyword(s):  
Knowledge Management ◽  
Customer Service ◽  
Transport System ◽  
Single Case ◽  
Knowledge Structures ◽  
Content Type ◽  
Study Approach ◽  
Advantages And Disadvantages ◽  
The Individual

Purpose – This paper aims to investigate the nature of what is referred to as the Knowledge Management Engineering & Maintenance Program, which is based on practices that influence the dissemination of knowledge in a structured and sustained manner within a small-sized airport. The air transport system has undergone important changes, particularly in the development of new knowledge management (KM) approaches. In practice, however, results have been mixed. Some programs have been successful, but implementation failures are common and the intended users are frequently reluctant to use such management structures. A possible explanation for efficiency and effectiveness gaps of services provided by these knowledge structures may relate to the advantages and disadvantages of the knowledge processes that airports highlight as a result of their differential structural properties. Design/methodology/approach – Using data collected from the Engineering & Maintenance Department at a Spanish Airport, this work has examined how the existence of some knowledge structures is linked to knowledge transfer and how this component is linked to customer service (external users, e.g. passengers; and internal users, including any airport staff). Findings – This paper reports a KM program, which is customized and based on four knowledge structures: technical infrastructure; people to facilitate and drive the process; a system that supports and rewards sharing; and the team leader. Research limitations/implications – Conducting this type of single case study (an interview-based case study approach) is to be understood foremost as a prelude to further quantitative studies including common measures for passengers and users, staff, managers and board members. Originality/value – In an applied sense, the model provides engineering and maintenance practitioners with identifiable factors, which enable the four frameworks and address the relevant issues by changing strategies at both the individual and the organizational levels. Without a KM program, practitioners may lose the ability to see the market signals stemming from the transport system members and they may decide to go solely by their own ways of doing and interpreting things.

scholarly journals FINANCIAL SITUATION OF PRE-PACKED INSOLVENCIES

2020 ◽  
Vol 21 (4) ◽  
pp. 1111-1127
Author(s):  
Jaroslav Schönfeld
Keyword(s):  
Debt Ratio ◽  
Financial Indicators ◽  
Z Score ◽  
Insolvency Proceeding ◽  
The Czech Republic ◽  
Financial Situation ◽  
Reorganization Plan ◽  
The Individual ◽  
Insolvency Proceedings ◽  
Practical Implications

This paper is focused on the financial situation of companies entering insolvency proceedings. It does not work with all kinds of the insolvent companies, but this paper concentrates on one specific issue. The issue is pre-pack insolvencies. The main aim is to show if the financial situation is an important factor for consent to pre-pack. The pre-pack insolvencies are insolvency cases which start with an insolvency proposal which is accompanied by a reorganization plan already approved by creditors. Prepacks should help make the insolvency process quicker and enable enterprise financial rehabilitation and sustain the going concern principle. On the other hand, the procedure can hardly be successful when the financial situation of the company is extremely poor. Therefore this paper evaluates the financial situation of the companies with pre-packed insolvency in the Czech Republic. The analysis of companies was conducted over one, two or three year periods prior to the companies entering an insolvency proceeding. According to the literature, financial indicators used for evaluation are commonly EBITDA, cash liquidity, debt ratio, ROA and the Altman Z-Score prediction model. Results for the individual enterprises are summed up in this paper using basic descriptive and variable statistics. Conclusions have especially practical implications because they show financial inability of majority pre-packed cases.

scholarly journals Predictive Ability of Chosen Bankruptcy Models: A Case Study of Slovak Republic

2018 ◽  
Vol 15 (1) ◽  
pp. 105-114 ◽  
Author(s):  
Anna Siekelova ◽  
Tomas Kliestik ◽  
Peter Adamko
Keyword(s):  
Credit Risk ◽  
Prediction Models ◽  
Slovak Republic ◽  
Predictive Ability ◽  
Financial Health ◽  
Financial Situation ◽  
Financial Condition ◽  
Error Types

Abstract Bankruptcy models are used to assess credit risk and predict financial situation to indicate the probable bankruptcy of the company. Contribution deals with the application of chosen bankruptcy models in analysing and predicting the financial health of selected companies. Most of the models have been developed abroad. In case of Slovak Republic, its application and correctness of the results can be problematic; therefore, we have focused primarily on those that have emerged in countries with a similar economy. We have calculated the selected prediction models in a sample of 500 Slovak enterprises. Predictive ability lower than 64% is considered as unfavourable. As part of the contribution, based on expert literature and relevant legislation, we have defined the criteria that allow to divide businesses into two groups: prosperous and non-prosperous. In the end, we compared the results of the selected models with the inclusion of enterprises in a prosperous and non- prosperous group based on the criteria set by us. We also dealt with examining of error types I (when an enterprise in bad financial condition is included in a non-bankruptcy group) and II (when an enterprise in good financial condition is included in a bankruptcy group). The aim is to analyse the predictive ability of the selected bankruptcy models.

scholarly journals How to Improve the Financial Conditions of Local Governments in a Period of Crisis: An Explanatory Case Study

2017 ◽  
Vol 13 (1) ◽  
pp. 53 ◽  
Author(s):  
Giovanna Lucianelli ◽  
Francesca Citro ◽  
Serena Santis ◽  
Alfredo Ettore Tranfaglia ◽  
Andrea Mazzillo
Keyword(s):  
Financial Distress ◽  
Local Governments ◽  
Management Practices ◽  
Black Box ◽  
Income Generation ◽  
Financial Health ◽  
Financial Situation ◽  
Financial Conditions ◽  
Strategic Implementation

The context of austerity and crisis in the local governments has focused on looking for a solution to avoid the distress while also improving financial health. Therefore, a system to monitor the financial situation of local authorities is needed in order to understand what the governments’ proceeding to manage the crisis are. This paper aims to analyse the financial distress in the municipality of Rome to evaluate the processes that occur inside the “black box” of the organizational, institutional and strategic implementation of the reorganization practices and routines, also highlighting what are the indicators of the financial conditions that fall into either a positive or negative area so as to implement adequate planning. The analysis is conducted through an explanatory case study to understand and to explain the reasons for management practices in a condition of financial distress. The main finding shows that the case of Rome represents a good example of the financial resilience through a combination of capacities and reactions such as management of slack resources and income generation.

The Development of Language-Training Programs for Postrubella Hearing-Impaired Children

1973 ◽  
Vol 38 (1) ◽  
pp. 15-24 ◽  
Author(s):  
Linda Lynch ◽  
Annette Tobin
Keyword(s):  
Hearing Impaired ◽  
Treatment Programs ◽  
Individual Treatment ◽  
Target Behaviors ◽  
Systematic Fashion ◽  
Development Of Language ◽  
The Individual ◽  
Impaired Children ◽  
Hearing Impaired Children

This paper presents the procedures developed and used in the individual treatment programs for a group of preschool, postrubella, hearing-impaired children. A case study illustrates the systematic fashion in which the clinician plans programs for each child on the basis of the child’s progress at any given time during the program. The clinician’s decisions are discussed relevant to (1) the choice of a mode(s) for the child and the teacher, (2) the basis for selecting specific target behaviors, (3) the progress of each program, and (4) the implications for future programming.

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