Prediction of corporate (non)success through financial statements (CROSBI ID 684789)
Prilog sa skupa u zborniku | stručni rad | međunarodna recenzija
Podaci o odgovornosti
Bubić, Jasenka ; Gustin, Magdalena
engleski
Prediction of corporate (non)success through financial statements
The globalisation of economics has created unstable business environment which requires both the prediction of changes and a fast adaptation. In the world of advanced technology development and continuous development of innovations, making the right and timely decisions is of crucial importance for business survival. Business crisis can be caused by bad or untimely decisions within the company or by the influence of various external factors. In order to minimize the risk of business crises, it is necessary to analyse continuously the business of the company. It is also extremely important to predict potential dangers which can harm development and business survival. The crisis endangers the company's existential goals. Therefore a timely recognition of the first crisis signals is of crucial importance to the company's future. Crisis management is a process implemented through three phases: preventive identity management and reactive management. The emphasis is put on preventive management respectively in order to identify the onset of crisis. The timely observation of crisis applying appropriate methods and instruments has for the goal to repress crisis at the very start, that is before it endangers business survival. The purpose of the conducted research, with help of financial proportions from financial statements is to determinate how much earlier a crisis signals appear, before the crisis begins and seriously jeopardizes the existence of the companies of Croatian manufacturing industry
Business crisis, financial statements, prediction of corporate (non)success
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Podaci o prilogu
327-335.
2018.
objavljeno
Podaci o matičnoj publikaciji
Plazibat, Božo ; Kosanović, Silvana
Split: Sveučilišni odjel za stručne studije Sveučilišta u Splitu
978-953-7220-29-7
Podaci o skupu
3rd international scientific and professional conference Contemporary Issues in Economy & Technology (CIET 2018)
ostalo
01.06.2018-02.06.2018
Split, Hrvatska