BARRIERS OF USING FINANCIAL ANALYSIS AT THE LEVEL OF MUNICIPALITIES: CASE STUDY OF THE TRENČÍN REGION
BARRIERS OF USING FINANCIAL ANALYSIS AT THE LEVEL OF MUNICIPALITIES: CASE STUDY OF THE TRENČÍN REGION

Summary/Abstract: The aim of this paper is to find out about the current situation in the use of financial analysis at the level of territorial self-governments of the Slovak Republic, namely in the Trenčín self-governing region. Two key research questions were formulated in the context of the main objective. Do municipalities of the Trenčín self-governing region use the methods of financial analysis? What are the main reasons for not using the methods of financial analysis in the municipalities of the Trenčín selfgoverning region? In order to fulfil the aim of the paper, an empirical survey based on a questionnaire survey was carried out with the aim of answering three research questions. The whole basic set of municipalities in the Trenčín self-governing region was addressed with a return of 35.14%. The results of the survey showed that the methods of financial analysis are not applied by Slovak municipalities. The main reason is the size of municipalities. Other important factors include the absence of qualified staff or expertise. Interesting is the main reason that led territorial self-governments to use these methods, which was the simplicity of the methods and their not being time-consuming.

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