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Tytuł artykułu

Prediction of Developments in the Textile and Clothing Industry in Slovakia by Selected Indicators of Financial Analysis

Treść / Zawartość
Identyfikatory
Warianty tytułu
PL
Prognozy rozwoju przemysłu tekstylnego i odzieżowego na Słowacji według wybranych wskaźników analizy finansowej
Języki publikacji
EN
Abstrakty
EN
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.
PL
Przemysł tekstylny i odzieżowy w Europie można uznać za sektor nierentowny. Celem pracy była ocena wybranych wskaźników analizy finansowej, modeli oceny kredytowej i upadłości oraz analizy strategicznej w wybranych spółkach przemysłu tekstylnego i odzieżowego na Słowacji. Kolejnym celem było określenie zarysu możliwości rozwoju tego sektora w przyszłości. Podczas badań wykorzystano dane z pięciu najważniejszych firm działających w branży tekstylnej i odzieżowej na Słowacji. Uzyskane dane zostały przetworzone przez indeks bonity i wskaźnik Altmana, zapewniając możliwość określenia możliwego przyszłego rozwoju w branży. Wyniki pokazują spadek liczby firm włókienniczych i odzieżowych na terenie Słowacji. Takie wyniki mogą być wykorzystane do ustalenia scenariuszy rozwoju, które pokazują, że słowacki przemysł włókienniczy, odzieżowy i skórzany powinien zwielokrotnić swoje wysiłki w celu utrzymania swojej pozycji na rynkach międzynarodowych.
Rocznik
Strony
9--16
Opis fizyczny
Bibliogr. 36 poz., rys., tab.
Twórcy
  • Technical University of Košice, Faculty BERG, Institute of Earth Sources, Košice, Slovakia
  • Technical University of Košice, Faculty BERG, Institute of Earth Sources, Košice, Slovakia
  • Technical University of Košice, Faculty BERG, Institute of Earth Sources, Košice, Slovakia
Bibliografia
  • 1. Pickles J, Plank L, Staritz C, Glasmeier A. Trade policy and regionalisms in global clothing production networks. Cambridge Journal of Regions Economy and Society 2015; 8(3): 381-402.
  • 2. Yilmaz N D, Karaalp-Orhan H S. Comparative advantage of textiles and clothing: Evidence for top exporters in Eastern Europe. FIBRES & TEXTILES in Eastern Europe 2015; 23, 6(114): 8-13. DOI: 10.5604/12303666.1167411.
  • 3. TREND, 2007. TREND Analyses. Sector profile of textile and cloth industry (in Slovak). Bratislava: TREND Holding; 2007.
  • 4. COFACE, 2017. Country Risk. Analysis and forecasts for 160 countries. Coface handbook. [cited 2018 Mar 18]. Available from: www.coface.com
  • 5. Curran L, Nadvi K. Shifting trade preferences and value chain impacts in the Bangladesh textiles and garment industry. Cambridge Journal of Regions Economy and Society 2015; 8(3): 459-474.
  • 6. Smith A, Pickles J, Bucek M, Pastor R, Begg B. The political economy of global production networks: regional industrial change and differential upgrading in the East European clothing industry. Journal of Economic Geography 2014; 14(6): 1023-1051.
  • 7. Burris J E. A forecast of global textile and apparel market shifts in importing and exporting – is this the final death rattle of domestic apparel and textile manufacturing industries? Journal of Textile and Apparel. Technology and Management 2015; 9(2): 8.
  • 8. Hamid M F S, Aslam M. Intra-regional trade effects of ASEAN free trade area in the textil and clothing industry. Journal of Economic Integration 2017; 32(3): 660-688.
  • 9. Hamid S A, Shahadat M, Ismail S. Development of cost effective bentonite absorbent coating for the removal of organic pollutant. Applied Clay Science 2017; 149(1): 79-86.
  • 10. Saheed H. Prospects for the textile and clothing industry in Vietnam. Textile Outlook International 2017; (186): 57-102.
  • 11. World Trade Organization (WTO), Time Series on International Trade. [homepage on the Internet]. 2017. [cited 2018 Mar 10]. Available from: http://stat.wto.org/Statistical-Program/ WSDBStatProgramHome.aspx?Language=E
  • 12. Kapelko M, Lansink A O. An international comparison of productivity change in the textile and clothing industry: a bootstrapped Malmquist index approach. Empirical Economics 2015; 48(4): 1499-1523.
  • 13. de Moreno J, Carrasco O R. Efficiency, internationalization and market positioning in textiles fast fashion: The Inditex case. International Journal of Retail & Distribution Management 2016; 44(4): 397-425.
  • 14. Palan N. Concentration and inequality indices: A methodological overview and an empirical application to the textile industry. Zeitschrift fur Wirtschaftsgeographie 2017; 61(3-4): 135-155.
  • 15. Gimet C, Guilhon B, Roux N. Social upgrading in globalized production: The case of the textile and clothing industry. International Labour Review 2015; 154(3): 303-327.
  • 16. Kapelko M, Lansink A O. Examining the relation between intangible assets and technical efficiency in the international textile and clothing industry. Journal of Textile Institute 2014; 105(5): 491-501.
  • 17. Zhen Z, Liang J. The role of local government in industrial upgrading: A case of the textile industry in Shaoxing. China - An International Journal 2016; 14(1), 130-147.
  • 18. Reis L S, Good K J, Borgert A, Richartz F. Does commodity price volatility affect textile cost behavior? Custos e Agronegocio 2016; 12(3): 193-216.
  • 19. Dai Y, Yang J, Hu W, Zahoor R, Chen B, Zhao W, Meng Y, Zhou Z. Simulative global warming negatively affects cotton fiber length through shortening fiber rapid elongation duration. Scientific Reports 2017; 7(1).
  • 20. Pergamo R, Briamonte L, Cerrato D. The textile hemp chain: Value analysis, economic and environmental benefits. Quality - Access to Success 2018; 19(S1): 375-378.
  • 21. Diabat A, Kanna D, Mathiyazhagan K. Analysis of enablers for implementation of sustainable supply chain management – A textile case. Journal of Cleaner Production 2014; 83: 391-403.
  • 22. Kumar K S K. A study of India´s textile exports and environmental regulations. Singapore: Springer Ltd.; 2018.
  • 23. Balasubramanian J, Sabumon P C, Lazar J U, Ilangovan R. Reuse of textile effluent treatment plant sludge in building materials. Waste Management 2006; 26(1): 22-28.
  • 24. Kedo A. Innovative, cost-competitive, bio-based polyamide for textiles. Chemical Fibers International 2015; 65(4): 223-225.
  • 25. Chava S, Jarrow R A. Bankruptcy prediction with industry effects. In: Jarrow R A editor. Financial derivatives pricing. 2008; World Scientific Publishing Co., p. 517-549.
  • 26. Shumway T. Forecasting bankruptcy more accurately: A simple hazard model. Journal of Business 2001; 74(1), 101-124.
  • 27. Csikósová A, Janošková M, Čulková K. Limitation of financial health prediction in companies from post-communist countries. Journal of Risk and Financial Management 2019; 12(15): 1-14.
  • 28. Janošková M, Csikósová A, Čulková K. Measurement of company performance as part of its strategic management. In Ramona-Diana Leon editor. Managerial strategies for business sustainability during turbulent times. Hershey: IGI Global, 2018; p. 309-335.
  • 29. SLOVSTAT. [cited 2018 Mar 18]. Available from: www.slovak.statistics.sk
  • 30. EUROSTAT. [cited 2018 Mar 18]. Available from: www.ec.europa.eu
  • 31. Ministry of economy in Slovak Republic. [cited 2018 Dec 18]. Available from: www.economy.gov.sk
  • 32. Register of financial statements. [cited 2018 Dec 18]. Available from: www.registeruz.sk/cruzpublic/domain/accountingentity/show/564357
  • 33. INFIN, 2017. Medium values of financial indexes of economic activities in Slovak Republic in 2016 (in Slovak). Bratislava: CRIF – Slovak Credit Bureau.
  • 34. Tian S, Yu Y. Financial ratios and bankruptcy predictions: An international evidence. International Review of Economics and Finance 2017; 51(1): 510-526.
  • 35. Statistical Office, SR, 2017. [cited 2018 Mar 18]. Available from: www.statistics.sk
  • 36. Kurzy cz [homepage on the Internet] 2018. [cited 2018 Mar 10]. Available from: www.kurzy.cz/komodity/nr_index.asp?A=5&idk=98&od=29.9.2003&curr=EUR
Uwagi
PL
Opracowanie rekordu w ramach umowy 509/P-DUN/2018 ze środków MNiSW przeznaczonych na działalność upowszechniającą naukę (2019).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-91516e79-98f0-49af-8298-9fc915c6b791
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