The Financial and Economic Analysis of the Situation of Business Entities using Quantitative Methods

Anna Wi?niewska-Sa?ek (), Sylwia ??gowik-?wi?cik (), Katarzyna Grondys () and Marcin St?pie? ()
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Anna Wi?niewska-Sa?ek: Czestochowa University of Technology
Sylwia ??gowik-?wi?cik: Czestochowa University of Technology
Katarzyna Grondys: Czestochowa University of Technology
Marcin St?pie?: Czestochowa University of Technology

No 4206765, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: Examination of economic reality requires a broad spectrum of methods for the analysis of economic operators situation. Economic entities operating in the financial sector such as other economic sectors have distinct individual - specialized methods of "market recognition". Striving for the globalization and internationalization trends requires from the enterprises to undertake continuous processes, analysis and situation control, which mostly affects the financial and innovative sphere. The steps taken in this direction by the management staff, must have a basis in real performance results, which is achieved through all kinds of analysis. Quantitative methods, regardless of business sector, relatively enable to determine precisely the company condition and estimate their expected outcome. Additionally the use of non-standard economic methods for financial data, allow you to look at the situation with new "fresh" angle. The author in the article presents some mixed methods under which the managers will be able to interpret financial data based on the use of mathematical and statistical methods.

Keywords: analysis; finance; economics; quantitative methods (search for similar items in EconPapers)
JEL-codes: C10 M21 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2016-10
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Published in Proceedings of the Proceedings of the 6th Economic & Finance Conference, OECD Headquarters, Paris, Oct 2016, pages 325-335

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