Abstract:Transport management is an important logistics activity. The choice of transport branches ultimately boils down to two important elements such as costs and quality of services. The features and elements related to reliability, speed, the ability to control and carriage monitoring are also taken into account. Despite high costs, air transport is part of the global value chain that enables parts to be delivered to factories located in different parts of the world in a short time. Air transport creates 3.6% of th… Show more
“…The willingness to compete is one of the main determinants of the company's decision to grant a loan. This is relevant in countries where the banking system is relatively underdeveloped, and companies must constantly strive to maintain a favorable position in the market (Horen, 2004, Khovrak & Petchenko, 2015, Osieczko, 2019, Pasternak-Malicka, 2019. For this reason, many enterprises decide to allow their contractors to make purchases with deferred payment terms (Baranovsky et al, 2020;.…”
The emergence of the COVID-19 pandemic has undoubtedly caused many perturbations, at the same time hindering the functioning and operation of enterprises from various industries, which, due to the often inability to conduct business, found themselves in a very difficult financial situation, with a difficult ability to settle their liabilities. Too high share of receivables that are not settled in a timely manner can result in various problems for enterprises, including, in particular, financial problems that can lead to large-scale bankruptcy. Considering a huge number of connections between individual entities, the bankruptcy of one may pose a risk of a wave of bankruptcy of others. The paper aims to analyze the impact of the COVID-19 pandemic on the payment situation of Polish enterprises. The research was conducted on the basis of an analysis of data on the payment situation of Polish enterprises from selected industries. Basic descriptive statistics was used in the study to characterize the material. The non-parametric Wilcoxon pair order test, which is the equivalent of the Student’s t-test for related variables, was used for the research. The research proved that at enterprises from almost every industry, the value of debts at the end of the second quarter of 2020 was higher than in the first quarter. It can therefore be concluded that the outbreak of the pandemic contributed to an increase in arrears, which, in turn, resulted in an increased risk of doing business. The greater the share of arrears with contractors, the greater the risk of financial problems at the enterprise, and hence the increased risk of bankruptcy.
“…The willingness to compete is one of the main determinants of the company's decision to grant a loan. This is relevant in countries where the banking system is relatively underdeveloped, and companies must constantly strive to maintain a favorable position in the market (Horen, 2004, Khovrak & Petchenko, 2015, Osieczko, 2019, Pasternak-Malicka, 2019. For this reason, many enterprises decide to allow their contractors to make purchases with deferred payment terms (Baranovsky et al, 2020;.…”
The emergence of the COVID-19 pandemic has undoubtedly caused many perturbations, at the same time hindering the functioning and operation of enterprises from various industries, which, due to the often inability to conduct business, found themselves in a very difficult financial situation, with a difficult ability to settle their liabilities. Too high share of receivables that are not settled in a timely manner can result in various problems for enterprises, including, in particular, financial problems that can lead to large-scale bankruptcy. Considering a huge number of connections between individual entities, the bankruptcy of one may pose a risk of a wave of bankruptcy of others. The paper aims to analyze the impact of the COVID-19 pandemic on the payment situation of Polish enterprises. The research was conducted on the basis of an analysis of data on the payment situation of Polish enterprises from selected industries. Basic descriptive statistics was used in the study to characterize the material. The non-parametric Wilcoxon pair order test, which is the equivalent of the Student’s t-test for related variables, was used for the research. The research proved that at enterprises from almost every industry, the value of debts at the end of the second quarter of 2020 was higher than in the first quarter. It can therefore be concluded that the outbreak of the pandemic contributed to an increase in arrears, which, in turn, resulted in an increased risk of doing business. The greater the share of arrears with contractors, the greater the risk of financial problems at the enterprise, and hence the increased risk of bankruptcy.
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