The assessment of bankruptcy risks of construction companies
Journal Title: Економічний аналіз - Year 2017, Vol 27, Issue 2
Abstract
Companies don’t fail on a day by Day basis. Usually the decline of a economic unit is accompanied by decreasing economic and financial situation over an extended period of time, which is usually five years, according to the literature. Therefore, companies have time to react and undertake appropriate countermeasures, but they need to be aware of risk’s existence and it’s scale. To identify such risk companies use early warning systems (Zaleska, 202, p. 9-10). In this article symptoms indicating at declining standing of a company, early warning systems’ essence and their classification are shown. Sample systems identifying economical and financial difficulties of companies were described and using chosen early warning systems the assessment of risk of the bankruptcy of public limited companies Budimex, Erbud and AWbud was performed, based on the financial data of the examined companies from years 2012-2015. Aim of the research paper is to bring to reader’s attention the enormous significance of early warning systems and their practical applications.
Authors and Affiliations
Anna Dudkowska, Tadeusz Waściński
Keywords
Related Articles
- EP ID EP329630
- DOI -
- Views 90
- Downloads 0
Макроекономічна нестабільність та її наслідки для економіки України
Вступ. У статті розглянуто проблеми безробіття, інтенсивного зростання рівня інфляції, скорочення внутрішнього валового продукту. Погіршення цих макроекономічних показників призводить до зубожіння більшої частини населен...
Problem issues of economic essence determination of production supplies
Introduction. The essence of inventory from the logistic and economic point of view is considered in the article. It has been established that the national scientist believe that the theoretical basis for identifying and...
Instruments for minimizing the tax burden in Ukraine: comparative analysis and application effects
Introduction. The level of the tax burden in Ukraine remains one of the highest in the world. It is a threat to the stable functioning of economic entities and the development of the business sector. The current state o...
Estimation of efficiency of resource potential management of enterprise
Introduction. The resource potential of the enterprise is the basis of its development. In order to know how efficiently resource potential managing of the enterprise, systematic assessment and analysis is required. The...
Main schemes and directions of regulation of recreation and tourism sphere in the EU countries
The article examines the experience of the EU countries in the sphere of tourism and recreation management at the state and regional levels. According to the research, the models of tourism and recreation management are...