Receivables Management: The Importance of Financial Indicators in Assessing the Creditworthiness

Siekelová, Anna; Klieštik, Tomáš; Švábová, Lucia; Androniceanu, Armenia; Schönfeld, Jaroslav

doi:10.17512/pjms.2017.15.2.20

Cited by 25 publications

(22 citation statements)

References 3 publications

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“…This is based on the principle of avoiding double taxation, and consists of transferring taxable income to low taxed countries or concealing revenue in extraterritorial areas (tax havens). For example, in the case of the Value Added Tax, based on the principles that the final consumer pays and the tax is due in the country in which they are consumed (Siekelova et al, 2017). Some economic operators report fictitious intra-Community deliveries, the goods being traded on the domestic market (Rădulescu, 2018) without establishing and paying the state budget obligations (Mihăilă et al, 2018;Simionescu, 2016;Simionescu et al, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

The interdependence between fiscal public policies and tax evasion

Androniceanu¹,

Gherghina²,

Ciobănaşu³

2019

AMP

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The importance of studying tax evasion derives from its effects. The state budget of public revenues, which could be used to finance public health services, education, public order and safety, etc., is being damaged by evasion. At the same time, tax evasion also has negative effects in the market economy, generating unfair competition. The study of tax evasion is of major relevance in determining the degree of economic, social and even cultural development of a country. The analysis of tax evasion aims at identifying the causes that lead to tax evasion, as well as identifying new solutions for higher voluntary compliance. The work is focused on the analysis of the causes and effects that will indicate the possible solutions to be applied in order to reduce the phenomenon of evasion tax. The results of the research show the impact of fiscal policies on the economy and the ways in which the reduction of tax evasion generates a considerable increase of the macroeconomic indicators that characterize the economy of a country.

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Section: Literature Reviewmentioning

confidence: 99%

The interdependence between fiscal public policies and tax evasion

Androniceanu¹,

Gherghina²,

Ciobănaşu³

2019

AMP

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“…From the banks' perspective, the causes of credit risk can be divided into several sub-causes related to banks' own decisions: credit criteria towards entrepreneurs (Belás et al, 2017;Karaev et al, 2017), client's credit rating (Greene & Saridakis, 2008), measuring default (Balcerzak et al, 2017;Kliestik et al, 2018;Kliestikova et al, 2018;Maciag & Löderbusch, 2017;Siekelova et al, 2017;Gavurova et al, 2017), credit risk duration (Haghani, 2016), and others. Other types of causes are those stemming from the development of political and economic situation in a respective country (Perez et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

Evaluation of important credit risk factors in the SME segment

Dvorský

Schönfeld

Kotásková

et al. 2018

Journal of International Studies

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The aim of the paper is to define important credit risk factors in the SME segment, find out how entrepreneurs evaluate these factors, and quantify the differences in their evaluation based on the enterprise's age, gender and attained education level. An empirical research was conducted in relation to the defined aim. 1,141 responses were received by means of the online questionnaire. To process the results, the two-sample t-test was used. Statistical tools such as histogram, Q-Q graph, z-test, and goodness-of-fit tests were applied to verify the assumptions. The results indicate that small and medium-sized enterprises perceive credit risk more intensively in comparison with the pre-crisis era. It was also discovered that the SMEs' knowledge of credit criteria is somewhat low. Entrepreneurs also state that banks' credit criteria are not very transparent. Based on the findings, the length of operating a business has a significant influence on the evaluation of credit risk factors. Experienced entrepreneurs, meaning those operating a business for over 10 years, have a more intense perception of the significance of credit risk, they also have better knowledge of banks' credit criteria, and view credit criteria as more transparent than beginner entrepreneurs.

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“…(Miller, 1995;Feltham and Ohlson, 1995;Lonergan, 1995;Shenkar and Yuchtmanyaar, 1997;Herz et al, 2001;Kohlbeck and Warfield, 2002;Curtis and Fargher, 2003;Cheng, 2005;Lundholm, 2006;Begley et al, 2006;Podolna, 2008;Maleki., 2010;Kylianova et al, 2010;Jakubec et al, 2011;Jansky, 2011;Kariuki et. al., 2013;Reimsbach, 2013;Reilly, 2015;Kliestik et al, 2015;Cavalinhos and Carreira, 2015;Tsai et al, 2012Tsai et al, , 2016Svabova and Kral, 2016;Balcerzak et al, 2017;Siekelova et al, 2017;Siekelova, 2017;Olah et al, 2018;etc.). In everyday life, we can find a lot of variables, which could have an impact on the company goodwill, however, the problem is their quantification.…”

Section: Discussionmentioning

confidence: 99%

Possibility of Company Goodwill Valuation: Verification in Slovak and Czech Republic

Podhorská

Valášková

Stehel

et al. 2019

Management &Amp; Marketing. Challenges for the Knowledge Society

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The paper deals with the possibilities of company goodwill valuation and verification. The value of company goodwill is still an actual issue for the scientific community. Goodwill as an economic phenomenon has attracted the attention of economic experts since the nineteenth century. Nowadays, there are many approaches to goodwill valuation. However, its identification and quantification are still a challenge. The paper aim is to identify significant sources of company goodwill creation and their verification on the sample of 2 European countries with the similar business environment, political stability and regulatory platform -Slovak and Czech companies. The sample for the identification of significant sources of company goodwill creation consists of the financial statements of Slovak companies in 2015. The sample for data verification consists of the financial statements of Slovak and Czech companies in 2016. The paper identifies the determinants of goodwill creation by multiple regression analysis. The paper also verifies the total explanatory power of these determinants by matrixes of changes. Volatility and deviation of the results are captured by descriptive statistical methods. The paper's results point to a necessity to identify the key determinants of goodwill creation. They bring the construction of an econometric model for company goodwill valuation. It could be used to compute the value of company goodwill of the individual companies in the Slovak economic conditions.

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Receivables Management: The Importance of Financial Indicators in Assessing the Creditworthiness

Cited by 25 publications

References 3 publications

The interdependence between fiscal public policies and tax evasion

The interdependence between fiscal public policies and tax evasion

Evaluation of important credit risk factors in the SME segment

Possibility of Company Goodwill Valuation: Verification in Slovak and Czech Republic

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