FINANCIAL POSITION OF THE BULGARIAN PUBLIC COMPANIES FOR THE PERIOD 2007-2013. MODEL POZNAN

Atanas Delev ()
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Atanas Delev: SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, BULGARIA

Entrepreneurship, 2015, vol. 3, issue 1, 97-114

Abstract: The article presents an analysis of the financial position of the Bulgarian non-financial public companies. The data used are for the period 2007-2013. The bankruptcy prediction models are characterized by a high degree of accuracy of the forecasts, but also with a certain amount of error. Net return on assets and quick ratio are analyzed. The share of financially distressed enterprises increased during the period. Policy management of the companies should be carried out. Main reasons for the financial difficulties are deteriorating economic conditions, inadequate preparation and untimely actions of companies.

Keywords: Bankruptcy; Net Return on Assets; Quick Ratio; Non-Financial Companies (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:neo:epjour:v:3:y:2015:i:1:p:97-114

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