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The sharing economy, as a developing business model, is becoming more and more popular. This phenomenon can be observed in many countries. The sharing economy, as a part of human life in its essence, has existed for a long time. In general, the sharing economy is considered an economic model where individuals or organizations share a certain type of property or, in this way, provide services for a financial reward. One of the most used sectors, where there is constant interest, is the shared transport of people, goods, and services. However, platforms operating in the shared transportation segment should be analysed from various points of view, such as their financial results and overall economic stability. The study is primarily focused on the sector of shared transport and transport services. The chief objective of the study was to demonstrate the impact of the COVID-19 pandemic on shared transport and transport services within the territory of the Slovak Republic. The analysis included ride-hailing platforms such as Bolt Services SK as well as food and dining delivery platforms such as Wolt Slovakia. Through appropriately chosen methods of financial and economic analysis, the situation of the platforms before and during the COVID-19 pandemic was determined. We also performed an analysis of the development of the number of cars and the related level of automobilization in the territory of the Slovak Republic, since the shared economy represents an alternative to conventional economic models. [ABSTRACT FROM AUTHOR]

The article deals with financial performance management in Slovakia's automotive industry. The aim of this article is to design models of financial performance in the automotive industry as a tool to increase the effectiveness of financial performance management with possible application in practice. The researched objects are companies operating in the automotive industry based in Slovakia. Mathematical, statistical, and econometric methods were used to fulfil the aim of the work. [ABSTRACT FROM AUTHOR]

The business environment is an integral part of all business activity. Every business operates in a certain atmosphere that is dynamic and has a constant impact on the business. Therefore, it is important to analyse and predict the development of the business environment. The aim of this paper is to specify the financial health of a group of companies determined by selected indicators with the business environment of the V4 countries, to interpret the obtained results and, based on them, to propose a complex of systemic measures for business practice. The business environment is evaluated within two decision-making processes, in which the optimal environment is selected based on selected criteria (e.g., GDP, unemployment, inflation). To solve decision-making processes, two methods are used – the Saaty's matrix method and the TOPSIS method. The business environment is also evaluated based on the ratio indicators of the financial analysis of companies in the V4 group. Applying the TOPSIS method, it was found that Hungary's business environment is considered the most suitable for entrepreneurs. From the point of view of financial analysis indicators, it was found that companies in Poland were ranked best. Second place was occupied by Czech companies, followed by Hungarian companies. Companies in the Slovak Republic were ranked worst. The subjectivity of choosing the criterion weights and the lack of data might both be seen as research limitations. The difficulty lies in conducting a more in-depth study that may also be applied to a wider region. The added value of the work can be considered a mutual comparison of the decision-making processes within the V4 group and a kind of advice for entrepreneurs, where one can do business with the best prospects for the future. [ABSTRACT FROM AUTHOR]

The corona crisis has affected not only the economic sphere, but also the sphere of health, health care, employment, safety, and health protection in the workplace, shopping habits, and future expectations, to which people adapt their decisions in various areas of daily life. The COVID-19 pandemic, called a global health crisis, was an unpredictable risk of global proportions that paralyzed the entire world. The main aim of this paper is to quantify the impacts of the COVID-19 pandemic on the construction sector, which is considered a crucial sector of the Slovak economy, to evaluate changes in the development of key indicators using adequate quantitative methods. First, a sample of 2000 businesses were analyzed using the 12 financial indicators that were chosen. Second, using the non-parametric Friedman test, a more thorough study was carried out with a focus on analyzing the existence of statistically significant variations in the values of computed indicators as a result of changes in the development of key financial ratios. The Bonferroni adjustments were employed to pinpoint the areas of stochastic dominance at the conclusion of the study. A detailed analysis of the calculated financial indicators showed that the arrival of the pandemic had a negative impact on many aspects of business in the construction sector and affected the financial and economic situation of companies in the construction sector of the Slovak Republic. However, due to the fact that this sector is characterized by slower reactions to changes in the economy, the most significant impacts will be even more noticeable in the future. [ABSTRACT FROM AUTHOR]

The change in the value of financial indicators can be triggered by several factors. A result of a change in the accounting system shows that the company's achieved financial indicators may change. The reason for the differences is a different way of reporting and recalculation of items in the financial statements, where some items are recognized and classified in a different group of assets than under the accounting regulations in the Slovak Republic. The Balance Analysis of Rudolf Douch (1996), Taffler's model (1984) and Králiček's Quick Test (1993) were used to point out the differences in evaluation based on financial indicators in selected prediction models. The aim of the paper is to analyze the changes that result in the change of the accounting system from national accounting legislation to the accounting system according to IAS/IFRS. We assume that individual items of assets and liabilities or costs and revenues that enter into the calculation of individual prediction models achieved different values due to changes in the method of reporting in the financial statements of the analyzed company for the same accounting period in two accounting systems. [ABSTRACT FROM AUTHOR]

The article deals with the modern financial performance indicator EVA of the three leading companies in the automotive industry in Slovakia: Volkswagen Slovakia, Kia Motors Slovakia, PCA Slovakia. Based on the previous studies conducted by various authors, no company in Slovakia paid sufficient attention to the modern EVA indicator. Therefore, the paper aims to calculate the Economic Value Added as a tool to increase the effectiveness of financial performance management in selected companies for 2019. Following this study, it can be said that although the calculation of the modern EVA indicator is more complex, companies should pay sufficient attention to it, as it is a management tool used to value the company and also takes into account value creation for owners. Based on the calculation, we found that all of the three main companies achieved positive values of this modern indicator. Based on this, we conclude that the companies produce value from the funds invested in them. It is important to note that these companies are foreign companies that have decided to invest in the automotive industry in Slovakia. [ABSTRACT FROM AUTHOR]

Copyright of Polish Journal of Management Studies is the property of Czestochowa University of Technology, Faculty of Management and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Farmacia is the property of Societatea de Stiinte Farmaceutice Romania and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Listy Cukrovarnicke a Reparske is the property of VUC Praha a.s. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The aim of this paper is to find out about the current situation in the use of financial analysis at the level of territorial self-governments of the Slovak Republic, namely in the Trenčín self-governing region. Two key research questions were formulated in the context of the main objective. Do municipalities of the Trenčín selfgoverning region use the methods of financial analysis? What are the main reasons for not using the methods of financial analysis in the municipalities of the Trenčín selfgoverning region? In order to fulfil the aim of the paper, an empirical survey based on a questionnaire survey was carried out with the aim of answering three research questions. The whole basic set of municipalities in the Trenčín self-governing region was addressed with a return of 35.14%. The results of the survey showed that the methods of financial analysis are not applied by Slovak municipalities. The main reason is the size of municipalities. Other important factors include the absence of qualified staff or expertise. Interesting is the main reason that led territorial self-governments to use these methods, which was the simplicity of the methods and their not being timeconsuming. [ABSTRACT FROM AUTHOR]

Slovak spa companies significantly contribute to tourism support and to health tourism development. The paper aims to evaluate the financial situation and financial position of 21 Slovak spa companies, and the Slovak spa industry within NACE 86 - Human Health Activities and NACE 869 - Other Human Health Activities. In terms of legal form, the research sample consists of 16 joint-stock companies (Inc. (a.s.)), 3 limited liability companies (Ltd. (s.r.o.)), and 2 state-owned companies (s.o.). Data of given spa companies are obtained from their Financial Statements in Register of Financial Statements of the Ministry of Finance of the Slovak Republic. Data on mean values of the financial indicators for NACE 86 and NACE 869 were obtained from the company CRIF - Slovak Credit Bureau. We cover the period 2007-2018. Our results include an evaluation of the criterion of economic efficiency of the industry NACE 86, the sub-industry NACE 869, and individual spa companies using methods of quantifying the impact of determining factors. At the same time, we present the factors that influence development most. We determine the position of spa companies by using multidimensional scaling (MDS). Results show that the total assets turnover ratio and return on sales are contributing factors to the change of ROE to the greatest extent. MDS quantifies that Spa Bojice, a.s., has the best financial position in space, on the other hand, Specialized Medical Institute Marína, s.o., has the worst position. [ABSTRACT FROM AUTHOR]

The need to predict the danger of business bankruptcy calls for the application of models predicting financial distress. The article shows the current state in their application in Slovak companies. The aim of this paper is to present the results of the research focused on the identification of the current situation concerning the knowledge and use of models predicting financial distress in Slovak companies. There are four sub-objectives developed in the paper. Based on them, four hypotheses were formulated. Following the main aim, the paper presents the results of the empirical research based on the questionnaire survey. Data gained by the questionnaire were processed through MS Excel and the statistical analysis of the data was conducted in SPSS statistical software. The research results confirm that most Slovak companies are unfamiliar with the term "models predicting financial distress" and consequently do not apply them in their operations. The failure to use those models primarily results from their ignorance, the company size (too small company) and the use of some other own prediction methods. Companies prefer simple methods that are time saving. The main implication of our study is the recommendation to Slovak managers to implement models predicting financial distress in their managerial work and regarding them as an integral part of business financial analysis. Our research is unique in nature; there has been no similar research conducted in Slovakia so far. [ABSTRACT FROM AUTHOR]

One of the characteristics of business competitiveness is business performance. Managerial decision making is one of the main factors that can affect the competitiveness of a company. Financial and economic analysis is an inseparable part of financial management in the practice of business entities. The aim of this contribution is to present several models of forecasting the financial situation of companies. By implementing the Taffler model, Springate model, and the Aspect Global Rating, we assess the financial health of a set of non-financial corporations that, with their net turnover, represents almost the entire electrical engineering industry in Slovakia. As Slovakia has a poorly developed capital market and a numerous private companies do not have publicly traded securities, in this paper we use models based on information from financial statements, an approach which is preferable to the use of market-oriented models. Financial data of selected non-financial corporations needed for the financial analysis were obtained from the Register of Financial Statements of the Slovak Republic, with data for the entire industry obtained from the CRIBIS database and results highlighting the financial health of individual electrical engineering companies. Relevant information should be beneficial especially for suppliers in order to avoid disruptions in their own production as well as for stakeholders, managers and auditors. Among other things, it is possible to monitor which companies have the strongest financial health and which are losing their competitiveness, thus are threated. A creditworthy model confirmed that the sector appears to be financially healthy. [ABSTRACT FROM AUTHOR]

Copyright of Serbian Journal of Management is the property of Serbian Journal of Management and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The textile and clothing industry in Europe can be considered as a not profitable sector. The goal of the contribution is an evaluation of selected indicators of financial analysis, credit score and bankruptcy models as well as strategic analysis in selected companies of the textile and clothing industry in Slovakia. The next goal is an outline of development possibilities of the sector in the future. During the research we used data from the five most important companies doing business in the textile and clothing industry in Slovakia. The data obtained were processed by the bonity and Altman index, providing the possibility to determine possible future development in the industry. The results show a decrease in the number of textile and clothing companies in Slovakia. Such results can be used for the setting of scenarios of development, which show that the Slovakian textile, clothing and leather industry should multiply its effort to maintain its position on the international markets. [ABSTRACT FROM AUTHOR]

Regional airports in the European Union have been studied in several papers so far, however, not delivering a lot of knowledge of airports as profit/loss making entities. In the paper, we focus on the Slovak airports which are typical representatives of regional airports in the EU. As there is the knowledge gap in the field of airports in newer member countries of the EU, we explain the specific socio-economic context of the airports in the Slovak Republic against a background of their financial ratios. Our findings are suggestive of the need to set a clear dividing line and interface between national airport policies of member countries of the EU and the EU common airport policy. [ABSTRACT FROM AUTHOR]

The article defines the financial analysis, with the emphasis on the liquidity analysis, as an essential tool of the corporate financial management process. The main objective of the article is, based on the statistical verification, to analyse liquidity of companies operating in the tourism sector, namely companies providing accommodation services, identify the key factors which influence the level and development of liquidity and therefore, when managed appropriately, may bring the improvement in liquidity management leading to the enhancement of the quality of the financial management process in companies and to their excellence. On the selected sample of companies operating in the tourism sector in Slovakia, the research results reveal the low long-term level of average current and total liquidity for the 2011 to 2014 period and indicate moderate to weak relationship between selected liquidity and profitability ratios. As liquidity is one of the areas reflecting one side of company's performance, its systematic and proper management may help companies achieve their goals on the way to excellence. [ABSTRACT FROM AUTHOR]

The main aim of the article is to explore and evaluate the financial situation of the enterprises in the field of accommodation and hospitality services in Slovakia in the years 2009 to 2013. The main data source for financial analysis is acquired from the annual bulletin of Mean Values of the Financial Indexes of Economic Activity of the Slovak Republic. The financial analysis provides us with the information about the financial situation and development of the basic financial indicators, signalises the main financial risks and provides grounds for possible improvements of the enterprises. Based on the information from the bulletin, we have found out that the financial condition of the accommodation and hospitality services activities in the years 2009 to 2013 was unpleasant. [ABSTRACT FROM AUTHOR]

The paper deals with analysis of the forest business sector in Slovakia and the evaluation of profitability and efficiency of forest contractors, with special focus on mountain and lowland regions. Evaluation of profitability was done by using selected indicators of financial analyses for a period of five years. Data envelopment analyses (DEA) was used as non-parametric approach for the assessment of efficiency. The sample size was 153 forest contractors. Data for 2012–2016 were processed. Results of the evaluation show that the profitability of Slovak forest contractors in the mountain regions is higher than the profitability of forest contractors in lowland regions. The results of the efficiency analysis were different due to the nature of the method; where relative efficiency was evaluated, the efficiency of single contractors was compared with the most efficient contractors from the lowland regions. Most of the evaluated units were, according to results of the efficiency analysis scale, ineffective, which implies that it may be beneficial for most contractors to reduce their turnover and thereby increase their relative efficiency. The results of the financial analysis also suggests that contractors have obsolete technical and technological equipment. [ABSTRACT FROM AUTHOR]