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Application of the management factor and labour productivity index to assess the enterprise’s bankruptcy risk

Wojciech Kozioł () and Witold Zych ()
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Wojciech Kozioł: Małopolska School of Economics in Tarnów, Department of Finance and Accounting, Poland
Witold Zych: Małopolska School of Economics in Tarnów, Department of Finance and Accounting, Poland

Zeszyty Naukowe Małopolskiej Wyższej Szkoły Ekonomicznej w Tarnowie / The Malopolska School of Economics in Tarnow Research Papers Collection, 2019, vol. 44, issue 4, 131-141

Abstract: The functioning and development of an enterprise requires an appropriate level of management that can be analyzed on the basis of financial data reported by the entity. The article presents the concept of measuring the management level using the labour productivity indicator and the management level indicator. These are indicators derived from the model of the analytical production function, integrating a number of economic quantities in the field of financial analysis. This function is a financial model of natural production processes taking place in enterprises and consistent with classic cost accounting. From the point of view of the company’s financial equilibrium, the question arises whether these indicators reflect the financial position of the company well enough so that they can be used to assess the risk of bankruptcy of the company. The aim of the study is a comparative analysis of the dynamics of indicators: level of management and labour productivity in enterprises threatened by collapse and those enterprises retaining the ability to continue their operational activities. The second group of enterprises was chosen using selected methods of discriminant analysis.

Keywords: discriminant analysis; management level indicator; company bankruptcy; financial analysis; labour productivity index (search for similar items in EconPapers)
JEL-codes: J3 G33 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:znm:journl:v:44:y:2019:i:4:p:131-141

DOI: 10.25944/znmwse.2019.04.131141

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