FINANCIAL HEALTH OF SMALL AND MEDIUM-SIZED COMPANIES IN THE VISEGRAD COUNTRIES

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F19%3AA0000095" target="_blank" >RIV/47813059:19520/19:A0000095 - isvavai.cz</a>

Result on the web

<a href="https://e-finanse.com/archives/?number=62&id=450" target="_blank" >https://e-finanse.com/archives/?number=62&id=450</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.2478/fiqf-2019-0020" target="_blank" >10.2478/fiqf-2019-0020</a>

Result language

angličtina

Original language name

FINANCIAL HEALTH OF SMALL AND MEDIUM-SIZED COMPANIES IN THE VISEGRAD COUNTRIES

Original language description

SMEs 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.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2019

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

e-Finanse

ISSN

1734-039X

e-ISSN

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Volume of the periodical

15

Issue of the periodical within the volume

3

Country of publishing house

PL - POLAND

Number of pages

11

Pages from-to

56-66

UT code for WoS article

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EID of the result in the Scopus database

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