Controlling in business management determination of a credit limit based on bankruptcy and solvency models

Vochozka Marek and Stehel Vojtěch
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Vochozka Marek: Ceske Budejovice Institute of Technology and Business
Stehel Vojtěch: Ceske Budejovice Institute of Technology and Business

Вестник Астраханского государственного технического университета. Серия: Экономика, 2014, issue 3, 67-74

Abstract: Most experts agree that profit is the main goal in business. Real income becomes more preferable. However, profit is only a virtual value, because many companies are not able to collect effectively their receivables. Their business partners do not pay for their liabilities, i. e. they do no pay for the received goods, materials and services. So the companies should implement such a system of prevention that helps them to choose collaborates, which will be able to pay their debts. One of the possible systems of the prevention can be based on bankruptcy and creditability indices. The companies can set with help of the indexes a limit of possible future cooperation. The companies that gain index higher than the set limit of possible cooperation can become business partners in the future.

Keywords: KRALICEK´S TEST; ALTMAN'S MODELS (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:scn:015052:15650917

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