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MODEL EVALUATION OF THE ECONOMIC EFFICIENCY OF SLOVAK ENTERPRISES BY EUROPEAN STANDARDS AT THE TIME OF EURO-INTEGRATION TENDENCIES
Abstract
The main objective of this paper is to addresses the problem of effectivity and increase of economic efficiency at the sample of selected companies in the Slovak Republic, by making the comparison between traditional methods of measuring economic efficiency and application of modern managerial methods, which are becoming necessary need for success in business in international markets surroundings. As main method for researching the development of companies' situation we used the financial-economic indicators analysis. We focused on enlarging the basic knowledge's with application of new modern methods to increase economic efficiency. We evaluated the methods in terms of their advantages and disadvantages. The aim of paper is to create a model of companies economic efficiency evaluation according to European standards, which will account the use of traditional and modern financial and managerial methods in surroundings of the Slovakian and also European companies.
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