Possibilities For Managing Financial Crises Of Macedonian Companies
Journal Title: Muhasebe ve Finansman Dergisi - Year 2017, Vol 19, Issue 0
Abstract
Frequent economic crisis, led a large number of companies to cumulate losses. On these conditions are not immune Macedonian companies, also. Such businesses, if not undertake adequate measures, over time, become indebted and lose solvency, or are facing a serious problem - financial crises. Considering that the recovery from financial crisis is very difficult process, it is especially important companies to undertake certain actions that would prevent the occurrence and escalation of the crisis. In that context, main objectives of this paper is to identify the main causes of financial crisis of companies, briefly to present current methods of managing financial crisis as strategies whose implementation will prevent the liquidation of companies and to explore the level of implementation of financial restructuring, merger and acquisition and turnaround concept in companies of Republic of Macedonia. For that purpose, different qualitative and quantitative methods are implemented. For collecting primary data from companies in the Republic of Macedonia, constructed questionnaire is used. The analysis will lead to achievement of main goal of the paper and will contribute to identify the frequently used opportunities for managing and overcoming financial crisis of companies in the Republic of Macedonia. Findings will direct to the following: there is no unified way for managing financial crisis, that could be applied in any company and that common in application of current ways to overcome the financial crisis (turnaround concept, financial restructuring, merger and acquisition of companies) is that their adequate implementation contributes to improving efficiency and effectiveness in managing the financial crisis and subsequently have positive implications company performances.
Authors and Affiliations
Biljana Angelova, Neda Petroska-Angelovska, Marija Ackovska
Keywords
Related Articles
- EP ID EP283441
- DOI 10.25095/mufad.402533
- Views 91
- Downloads 0
Impact of Firm Size Indebtedness on Earnings Management
The main purpose of this study is to investigate the effects of firm size and indebtedness on earning management. In the study including 2009–2012 periods and data’s of 230 of Listing Istanbul, regression analysis is use...
Kimya Endüstrisinde Faaliyet Gösteren Firmalar Üzerinde Mali Başarısızlık Tahmini: Borsa İstanbul’da Bir Uygulama
Tüm dünyada kimya endüstrisinde hızlı gelişmeler meydana gelmektedir. Kimya endüstrisinin bu önemine binaen bu çalışmada 2010 - 2013 yılları dahil olmak üzere bu yıllar arasında Borsa İstanbul (BIST)’da faaliyet göster...
Şirketlerin Bağımsız Denetim Raporlarının Analizi: Borsa İstanbul’da Bir Araştırma
Bu çalışmada bağımsız denetimde uygulanan Sermaye Piyasası Kurulu (SPK) tarafından yayınlanan Denetim Standartları’ndan, Kamu Gözetimi, Muhasebe ve Denetim Standartları Kurumu (KGK) tarafından yayınlanan Türkiye Denetim...
Akademisyen Gözüyle Türkiye Muhasebe Standartları/Türkiye Finansal Raporlama Standartlarının Kullanımı Etkileyen Faktörler Üzerine Bir Araştırma
6102 sayılı Türk Ticaret Kanunu (TTK)’nda 1 Ocak 2013 tarihinden itibaren finansal tabloların hazırlanmasında Türkiye Muhasebe Standartları / Türkiye Finansal Raporlama Standartları (TMS/TFRS)’nı esas almıştır. TMS/TFRS,...
A Panel Data Analysis on the Mechanics of Stock Market And Exchange Rate
In this study, the relationships between stock markets and exchange rates are examined using panel data analysis in the period 1997:07-2013:12 in 12 countries. Pedroni and Kao cointegration analysis are applied to determ...