DEBT COLLECTION PREVENTION MANAGEMENT OF RECEIVABLES/DEBTS IN A COMPANY

Dariusz Stach
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Dariusz Stach: Academy of Business in Dabrowa Gornicza, Cieplaka Street 1c, 41-300 Dabrowa Gornicza

Financial Internet Quarterly, 2014, vol. 10, issue 2, 71-82

Abstract: The maintenance of financial liquidity, stability, profitability and the value and investment capabilities of a company as well as the avoidance of financial bottlenecks are the most vital objectives of people in charge of ac ompany, especially in times of crisis. This paper presents the receivables/debts management system known as Debt Collection Prevention, which is understood as a method of achieving the above mentioned goals. With the help of analysis and differentiation, the author argues that all individual management activities are short of effectiveness and efficiency unless a systemic approach is applied. To highlight this point, the author has indicated substantial differences in the management of financial risk and in shaping managerial decisions with- and without the application of the Debt Collection Prevention system, which can be characterized as a systemic approach with regard to praxeology.

Keywords: debt collection prevention; debt collection; management; financial risk; receivables; debts (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:wsz:fiq000:v:10:y:2014:i:2:id:770

DOI: 10.65748/fiqf-2014-0015

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