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Pregled bibliografske jedinice broj: 560875

Micro and macroeconomic variables in predicting financial distress of companies


Tomas, Ivana; Dimitrić, Mira
Micro and macroeconomic variables in predicting financial distress of companies // The Ninth International Conference Challenges of Europe : Growth and Competitiveness – Reversing the Trends : conference proceedings / Reić, Zlatan ; Šimić, Vladimir (ur.).
Split: Faculty of Economics, 2011. str. 809-830 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)


Naslov
Micro and macroeconomic variables in predicting financial distress of companies

Autori
Tomas, Ivana ; Dimitrić, Mira

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
The Ninth International Conference Challenges of Europe : Growth and Competitiveness – Reversing the Trends : conference proceedings / Reić, Zlatan ; Šimić, Vladimir - Split : Faculty of Economics, 2011, 809-830

Skup
International Conference Challenges of Europe (9 ; 2011)

Mjesto i datum
Bol, Hrvatska, 23.-25.05.2011

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Financial distress; financial ratios; macroeconomic variables

Sažetak
Although the company is not in itself an isolated economic unit and the circumstances in the macroeconomic environment inevitably affect its financial condition, most of the developed models used to predict business failures are based solely on the financial performance of companies. Such models represent a microeconomic approach to predicting company’s financial distress. In recent years there has been a growing interest in exploring the predictive power of macroeconomic variables. Developing models based on both micro and macroeconomic aspects of a company and its environment is a logical future step in predicting financial distress. This paper provides an overview of the main theories and literature review that deal with bankruptcy and explore the basic characteristics of associated predictive models. Authors suggest that the future work should be done in performing research in Croatia and transitional countries using macroeconomic aspect in prediction of company’s failure.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekt / tema
081-0811272-1276 - Koncepti i metode troškovnog računovodstva u javnom sektoru Republike Hrvatske (Mira Dimitrić, )
081-1151212-1453 - Poslovna prilagodba hrvatskih gospodarskih subjekata tržišnom natjecanju u EU (Marija Kaštelan Mrak, )

Ustanove
Ekonomski fakultet, Rijeka