Changes in the financial results and risks of enterprises after the pandemic in Georgia

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Date
2022
Journal Title
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Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
The aim of the research is to assess the financial efficiency and quality of financial risks of enterprises before and after the pandemic in Georgia, on the example of analytical enterprises. The research is conducted on the example of fifteen companies in twelve different fields of the Georgian economy. The research is conducted on the example of fifteen companies in twelve different fields of the Georgian economy. After the pandemic, there is a significant decline in the profitability and solvency of all analytical enterprises, when the negative results are already established. Companies do not have sufficient cash and are unable to repay liabilities. In order to get out of the post-pandemic crisis situation, we consider it advisable to implement the following measures: It is necessary to pursue a solidary economic policy in the state. There may be only value added tax, excise and income taxes
Description
1. ბედიანაშვილი გივი (2021), კოვიდ-19-ის სოციალურ-ეკნომიკური ეფექტები და ეკონომიკური განუზღვრელობის გამოწვევები. გვ. 34-38 2. ბერიშვილი ხათუნა, ღუღუნიშვილი მარიამი (2021), საქართველოს საგარეო ვაჭობის გაუმჯობესების პერსპექტივები covid-19 პანდემიის პირობებში. გვ: 39-45 3. გრძელიშვილი ნოდარ, კვარაცხელია ლაურა (2021), ტურიზმის განვითარების რესურსული ბაზის გამოყენების ეფექტიანობის განსაზღვრის თავისებურებები რეგიონებში, გვ: 90-106. 4. ერქომაიშვილი გულნაზი (2021), კოვიდ-19 და გარემოს დაცვის ეკონომიკური პოლიტიკა საქართველოში. გვ: 111-117 გვ. 5. Stephen H. Penman, Financial Statement Analysis and Security Valuation. Fifte edition.2018 6. Izolda Chiladze (2018), Theoretical and Practical Aspects of Profitability Factorial Analysis. 11th International Scientific Conference: Accounting and Finance: Science, Business and Public Sector Partnership. Journal: Science and Studies of Accounting and Finance: Problems and Perspectives, Volume 12, Number 1, pp. 12-18. http://erd.asu.lt/ssaf/article/view/269 eISSN 2351-5597 DOI: https://doi.org/10.15544/ssaf.2018.02 7. Izolda Chiladze (2019), Factorial Analysis of the Financial Leverage of the Enterprise. Journal: Applied Finance and Accounting Vol. 5, No. 1, February 2019 ISSN 2374-2410E-ISSN 2374-2429 Published by Redfame Publishing URL: pp. 42-48. Doi:10.11114/afa.v5i1.4063
Keywords
Financial efficiency of enterprises, Interest Leverage, Capital leverage, Money turnover, Pandemic
Citation
International Scientific Conference Dedicated to the Establishment of the University and the 100th Anniversary of the Faculty of Economics and Business “Covid 19 Pandemic and Economics”, Tbilisi, 2022, pp. 413-422
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