FINANCIAL RISK STUDY AS A TOOL FOR EFFICIENT MANAGEMENT OF THE TRANSPORT ENTERPRISE
Journal Title: MEST Journal - Year 2019, Vol 0, Issue 2
Abstract
In post-crisis economic circumstances, the issue of financial stability of the Bulgarian transport enterprises is of great importance regarding their effective management. For the most part, these enterprises belong to the small and medium-sized business and it can be said that they are still experiencing significant financial difficulties. This creates a possibility they become insolvent and as a result of that to go bankrupt. To avoid these unfavorable situations, managers need to continually analyze and assess the level of financial risk. In this connection, the question arises as to what system of indicators should be formed so that the enterprise can be properly managed. This article studies one of the ways of assessing financial risk using the Z-score prognostic model. This method can forecast future problems and predict enterprise bankruptcy within two years period.
Authors and Affiliations
Emiliya Vaysilova
Keywords
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- EP ID EP604080
- DOI 10.12709/mest.07.07.02.11
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