Title :
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
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;
Conference_Titel :
Grey Systems and Intelligent Services (GSIS), 2011 IEEE International Conference on
Conference_Location :
Nanjing
Print_ISBN :
978-1-61284-490-9
DOI :
10.1109/GSIS.2011.6044079
