Scholarly record
ASSESSMENT OF FINANCIAL STABILITY OF LATVIAN FISHERIES SECTOR
Abstract
In the modern economy competitiveness is put forward as one of the conditions for economic recovery. In order a sector to be competitive and viable in the long term, and to significantly succeed in its activity over time, it has to be ensured with financial stability. The aim of the research is to assess the financial stability in the Latvian fisheries sector. On the ground of the assessment methodology offered by the author and guiding by the available data and their quality, the author analyzes the financial stability of the Latvian fisheries sector from the aspect of liquidity, solvency, efficiency and profitability and provides the insight into the need in structural reforms. In the framework of the research the author found out the skills of the companies operating in the fisheries sector to establish capital structure and allocation of financial resources. The research reflects the information that may help the institutions, entrepreneurs and researchers involved in establishment of fisheries policy to develop and improve the common policy in the sector more successfully.
Publication Impact Profile
Publication details
References11
Altman E., Financial Ratios, Discriminant Analysis and Prediction of Corporate Bankruptcy, Journal of Finance, 1968, Vol. 23(4), pp. 589–609, DOI: 10.1111/j.1540-6261.1968.tb00843.x
Bednarskis L., Paupa V., Vaikulis J., Finanšu pārskatu analīze, Rīga, 1994, p. 104 (In Latvian).
Central Statistical Bureau, Database: http://data.csb.gov.lv/pxweb/en/?rxid=cdcb978c-22b0-416a-aacc-aa650d3e2ce0 (restricted access data).
Deakin E., A Discriminant Analysis of Predictors of Business Failure, Journal of Accounting Research, 1972, Vol. 10(1), pp. 167-179.
Fabozzi F.J., Drake P.P., Polimeni R.S., The Complete CFO Handbook: From Accounting to Accountability, Canada, 2007, p. 864.
Fulmer J.G.A., Bankruptcy Classificationa Model for Small Firms, Journal of Comercial Bank Lending, 1984, pp. 25-37.
Ohlson J.A., Financial Ratios and the Probabilistic Prediction of Bankruptcy, Journal of Accounting Research, 1980, Vol. 18(1), pp. 109-131.
Rurāne M., Ražošana, Rīga, 1997, p. 125 (In Latvian).
Saksonova S., Uzņēmuma finanšu vadības praktiskās metodes, Rīga, 2004, p. 225 (In Latvian).
Springate L.G.V., Predicting the Possibility of Failure in a Canadian Firm: A Discriminant Analysis, Canada, 1978, p. 164.
Zariņa V., Strēle I., Finanšu plānošana uzņēmumā, Rīga, 2009, p. 105 (In Latvian).
View or Download full articleAccess options
SWS access login
Login as SWS Scientific CommitteeLogin as SWS Scientific PartnerLogin as SWS AuthorAuthors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.
For librarian assistance: [email protected]
Purchase Instant Access
- Article can be downloaded after successful payment.
- Article may be used according to SWS library access terms.
- Article cannot be redistributed.
