The Analysis of Causes of Business Financial Distress

Abstract

Economic growth is one of the most striking phenomena of recent years. The global economy is considered to be powerful and powerful. Nevertheless, signs of the deteriorating financial condition of the state, the population and surrounding businesses must be perceived. Financial management of any company should not neglect examining the causes of financial distress from a microeconomic and macroeconomic perspective. At the same time, businesses do not look at these causes as separate events, but perceive their interconnectedness. The aim of this paper is therefore to detect, investigate and summarize the causes of corporate failure.