DEVELOPMENT OF RISK PAYMENT INDEX IN SLOVAKIA COMPARING WITH CHOSEN EU COUNTRIES
Journal Title: Polish Journal of Management Studies - Year 2015, Vol 12, Issue 1
Abstract
Management of receivables must have in any business much attention; because if company provides business credit, it must consider the risk that the loan will not be repaid. Period of economic and financial crisis brings a deepening of payments problems of indiscipline behavior, resulting into insolvency. In the present article there is analyzed development of consumers´, enterprises and public sector solvency in Slovakia and subsequently compared with developments in selected European countries. Results show that from 2008 to 2013 there was deterioration of payment index development in most countries. There were also investigated main causes of late payments, mainly delays and financial difficulties of the debtor. Due to the mentioned development companies solved the situation by collective redundancies, which can be regarded as not very positive fact.<br/><br/>
Authors and Affiliations
Katarína Čulková, Adriana Csikósová, Mária Janošková
Keywords
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