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Ivan Marinov
Corporate Social Responsibility of Bulgarian Banking Sector – Mission and Business Practice
Summary:
As a consequence of legal regulation, the organization of bank activity and established traditions, society often treats commercial banks only as subjects, absorbing and redistributing monetary resources in order to obtain financial advantage which benefits both banks and their owners. However, a similar perception is not applicable to the vision of modern banks which demonstrate aspirations of harmony with the surrounding socio-economic environment and a desire to improve their image in the corporate community. In this respect, corporate social responsibility of banks is a way to voluntarily integrate their business into national and international processes.
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Mariana Georgieva
Operators in terms of crisis
Summary:
Financial crises are not a new phenomenon for monetary history. International statistics, however, that their manifestation is more frequent at the beginning of the 80-ies of the 20tn century. Shocks in the financial sector over the past two decades have their own distinctive characteristics. Liberalization and increased integration of financial markets, introducing some new elements in the study of crises and their development begins to differ from the previous development. Consequence of liberalization and international integration of financial services markets in the rapid spread of the crises and its impact in international development.
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Evgeni Raykov
Working Capital Management in Bulgarian Public Companies – Empirical Analysis during the Financial and Economic Crisis and Post-Crisis Recovery
Summary:
Modern financial analysis has become more responsible in line with the growing role and functions of financial management for providing reliable information base. It materializes in new control procedures and methodological approaches to analysis that identify more precisely the impact of the external environment and internal resources to maintain the balance between profitability and liquidity. Examined trends in Bulgarian companies have shown variable profitability of current assets as a result of dynamically changing turnover and uncertainty in terms of sales. Low profitability and return on total assets was the result of the negative effect of long-term investment policy before and during the crisis of 2007. Sound liquidity ratios demonstrate stable performance through its adjustment by changes in short-term liabilities and the rise in overall liquidity reflects the priorities of financial management for balanced management of working capital.
