Predictive bankruptcy models as a tool in evaluating the economic situation of furniture market in Poland
Journal Title: Annals of WULS, Forestry and Wood Technology; Zeszyty naukowe SGGW - Year 2016, Vol 94, Issue
Abstract
The following article presents evaluation of the economic situation of Polish furniture industry with the use of early warning models. The introduction part of the paper covers an overview of predictive models which are a product of both domestic and international scientific research. Next the findings of empirical analyses are presented which were conducted in 90 furniture enterprises at the turn of 2013 and 2014. The research comprised the process of evaluation of the economic situation in a chosen group of companies with the use of early warning models. From the analyses it follows that almost 90% of the researched enterprises do not use predictive models. A positive answer to the question regarding the application of early warning models was only submitted by 4% of the respondents. Among the reasons why companies do not use these tools there are: lack of knowledge about them, no need on the grounds of good financial condition of the company and too great a number of complex calculations
Authors and Affiliations
Emilia Grzegorzewska
Keywords
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- EP ID EP356094
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