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Development Of Risk Payment Index In Slovakia Comparing With Chosen Eu Countries

Author

Listed:
  • Katarina Culkova

    (Technical University of Kosice)

  • Adriana Csikosovaa

    (Technical University of Kosice)

  • Maria Janoskova

    (Technical University of Kosice)

Abstract

Management of receivables must have in any business much attention; because if company provides business credit, it must consider the risk that the loan will not be repaid. Period of economic and financial crisis brings a deepening of payments problems of indiscipline behavior, resulting into insolvency. In the present article there is analyzed development of consumers´, enterprises and public sector solvency in Slovakia and subsequently compared with developments in selected European countries. Results show that from 2008 to 2013 there was deterioration of payment index development in most countries. There were also investigated main causes of late payments, mainly delays and financial difficulties of the debtor. Due to the mentioned development companies solved the situation by collective redundancies, which can be regarded as not very positive fact.

Suggested Citation

  • Katarina Culkova & Adriana Csikosovaa & Maria Janoskova, 2015. "Development Of Risk Payment Index In Slovakia Comparing With Chosen Eu Countries," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 12(1), pages 37-47, DEcember.
    • Handle: RePEc:pcz:journl:v:12:y:2015:i:1:p:37-47
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    References listed on IDEAS

    as
    1. Theophano Patra & Sunil S. Poshakwale & Vassilis Thomas, 2014. "Sovereign credit risk dynamics in the European Monetary Union (EMU)," Applied Financial Economics, Taylor & Francis Journals, vol. 24(15), pages 1031-1041, August.
    2. Wissem Ennouri, 2015. "Risk Management Applying Fmea-Steg Case Study," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 11(1), pages 56-67, June.
    3. Brav, Alon & Graham, John R. & Harvey, Campbell R. & Michaely, Roni, 2005. "Payout policy in the 21st century," Journal of Financial Economics, Elsevier, vol. 77(3), pages 483-527, September.
    4. Mariana Man & Sorin Mihai Radu & Joanna Tabor, 2015. "The Risk Management Organizational Entities," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 11(2), pages 115-126, June.
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