The financial stability of the enterprise and the sustainable development
Journal Title: Zarządzanie i Finanse - Year 2013, Vol 11, Issue 2
Abstract
There are many theories concerning the enterprise objectives. Although they are based on different assumptions, they have a lot of shared areas, thus they can not be treated as the mutually exclusive concepts. In times of the financial crisis however the significance of the enterprise finan-cial stability increases. This problem seems to be even more important in the context of the increasing popularity of the sustainable development concept. From the micro perspective the sustainable development is referred to the individual company and is determined by its financial stability. Stability of the enterprise can be defined as its undisrupted functioning, the ability to withstand shocks, without problems in the financial liquidity or long-term solvency area. Stable company can be characterized by the state of the dynamic and permanent balance in the business environment. Maintaining the financial stability requires efficient autoregulation system based on the warning system designed to detect signals informing about the deviations from the re-quired level of financial stability in the appropriate time. Then the activity of the enterprise will be based on the sound foundations, assuring the sustainable development.
Authors and Affiliations
Maria Gorczyńska
Keywords
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