Proceedings of the Third International Conference on Economic and Business Management (FEBM 2018)

The Holistic View of the Symptoms of Financial Health of Businesses

Authors
Lucia Michalkova, Katarina Valaskova, Katarina Frajtova Michalikova, Andrea Drugau Constantin
Corresponding Author
Lucia Michalkova
Available Online December 2018.
DOI
https://doi.org/10.2991/febm-18.2018.21How to use a DOI?
Keywords
Bussiness failure; Insolvency; Bankruptcy; Financial health
Abstract

Each phase of an enterprise's life cycle brings different impacts on corporate financial health. Financial distress may be associated with the emergence of a crisis, failure and / or bankruptcy. To identify these negative corporate phenomena timely, you need to know the appropriate symptoms. These symptoms occur in every business, but not every business can detect and evaluate them properly. The detection of symptoms of a change in corporate health depends on the definition of financial distress. The aim of the paper is to reveal an overall view of the symptoms of a financially sound business and, on the contrary, the symptoms of its deterioration by analyzing various definitions of financial distress. We analyzed, compared, and summarized the main symptoms of the company's financial health. We found that the main symptoms of a deterioration in financial health include negative cash flow, operational and / or overall losses, high indebtedness and insolvency. On the other hand, we have found that, in addition to traditional financial indicators, other symptoms of financial health, such as market share, stock value, or redundancy, should be examined.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the Third International Conference on Economic and Business Management (FEBM 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
December 2018
ISBN
978-94-6252-623-5
ISSN
2352-5428
DOI
https://doi.org/10.2991/febm-18.2018.21How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Lucia Michalkova
AU  - Katarina Valaskova
AU  - Katarina Frajtova Michalikova
AU  - Andrea Drugau Constantin
PY  - 2018/12
DA  - 2018/12
TI  - The Holistic View of the Symptoms of Financial Health of Businesses
BT  - Proceedings of the Third International Conference on Economic and Business Management (FEBM 2018)
PB  - Atlantis Press
SP  - 90
EP  - 94
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-18.2018.21
DO  - https://doi.org/10.2991/febm-18.2018.21
ID  - Michalkova2018/12
ER  -