Open AccessMANAGEMENT OF THE COMPANY'S FINANCES WITH THE OBJECTIVE OF ESTABLISHING SUSTAINABLE CONTINUOUS LIQUIDITY AND FINANCIAL STABILITY UNDER GLOBAL PROCESSES
Author(s) -
Slobodan Subotić,
Goran Mitrović,
Vitomir Starčević
Publication year - 2021
Publication title -
novi ekonomist
Language(s) - English
Resource type - Journals
eISSN - 2566-333X
pISSN - 1840-2313
DOI - 10.7251/noeen2028083s
Subject(s) - market liquidity , position (finance) , business , globalization , finance , liquidity risk , financial management , production (economics) , economics , industrial organization , market economy , macroeconomics
Globalization, in its current form, represents a new dynamic complex, especially when it comes to its implications for the economy and business of economic entities. It manifests its implications not only through competition, but also through economic growth and development. A modern company should provide adequate management that is able to create and develop comparative advantages that will enable it to be actively involved in global market flows. Global changes have conditioned a new way of doing business, and thus a significant turn in the approach to financial management. This has led to changes in the basic economic settings and criteria for successful management and business. The financial position of a company is one of the indicators of the company's success to function in a global and turbulent market environment. Starting from this fact, a practical treatment of this problem and analytical indicators of the financial position of the three dependent production companies operating within the MH Elektroprivreda Republike Srpske will be done. The aim of the research is to show the extent to which the management of these companies has accepted the requirements of global economic processes and adapted their business to them. That is, whether financial management provides a satisfactory level of liquidity and financial stability of these three companies.