Grey relational analysis between firm´s situation and its possible causes - a bankruptcy syndrome perspective

Author

Scarlat, Emil ; Delcea, Camelia ; Maracine, Virginia ; Nica, Adriana Sarah

Author_Institution

Dept. of Econ. Cybern., Bucharest Univ. of Econ., Bucharest, Romania

fYear

2011

Firstpage

49

Lastpage

53

Abstract

By making an analogy with the human body, the present paper tries to underline the relations between firm´s failure causes and its current situation, in terms of the syndrome that can be identified at its level. For this reason, some elements taken from medicine, such as symptoms, causes and syndromes are presented and characterized from the firm point of view. Knowing the type of syndrome and the relation between it and the causes that determined its occurrence, firm´s situation can be improved and its life can be lengthened. The study was conducted on a number of 19 firms and the results are concluding.

Keywords

financial management; grey systems; bankruptcy syndrome perspective; firm failure; grey relational analysis; human body analogy; Adaptive systems; Companies; Educational institutions; Marketing and sales; Planning; Profitability; bankruptcy syndrome; causes of failure; grey relational analysis; grey systems theory;

fLanguage

English

Publisher

ieee

Conference_Titel

Grey Systems and Intelligent Services (GSIS), 2011 IEEE International Conference on

Conference_Location

Nanjing

Print_ISBN

978-1-61284-490-9

Type

conf

DOI

10.1109/GSIS.2011.6044079

Filename

6044079