Naslov
A model of Accounts Receivable Risk Management for Bosnia and Herzegovina's business Environment

Autori
Ljubić, Dara ; Mance, Davor

Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni

Knjiga
Economic Integration, Competition, and Cooperation

Urednik/ci
Kandžija, Vinko ; Kumar, Andrej

Izdavač
Ekonomski fakultet Sveučilišta u Rijeci

Grad
Rijeka

Godina
2010

Raspon stranica
608-618

ISBN
978-953-6148-93-6

Ključne riječi
accounts receivable risk management, liquidity risk, illiquidity

Sažetak
The paper deals with accounts receivable collection risks in Bosnia and Herzegovina. The conducted research and analysis of existing models of accounts receivable collection risks, created a new model of collection risk management suitable for the business environment found in Bosnia and Herzegovina. The model is also applicable in other similar transition economies lacking the modern market economy features. No risk management model can replace a fully functioning legal and economic system. Implementation of reforms in all areas is a fundamental condition for solving these problems. Nevertheless, a well designed accounts receivable risk management is an appropriate transition management tool that may create the preconditions for recovery. The proposed model is based on cash flow indicators, working capital and asset ratios, current and quick ratios, and debt- equity ratios. It is optimal in assuring against accounts receivable payment risks in Bosnia and Herzegovina, as it was based on Bosnian financial statements data, and collateral and insurance instruments in usage in the country.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA