GLOBALIZATION AND ITS IMPACTS ON CHEMICAL ENTERPRISES PERFORMANCE IN SLOVAKIA

Globalization and its positive and negative impacts on the development of chemical enterprises in Slovakia are fundamental guidelines of this paper. The main objective is to map the performance of selected chemical enterprises over the period of 2012 - 2015, identify opportunities and threats from the expansion of activities of chemical enterprises in global markets and to analyze the possibilities of increasing and maintaining the competitiveness of Slovak chemical enterprises. The starting points for the assessment of performance of the enterprises analyzed are financial statements: balance sheet, profit and loss statement and cash flow statements. The values of the economic results, profitability indicators, liquidity and indebtedness present contemporary position and performance of selected chemical companies in Slovakia. Within conducted research, we analyzed: progress of chemical enterprises in Slovakia, development tendency the economic results, opportunities and positive impacts of globalization in the environment of chemical enterprises, threats and negative impacts of globalization in the environment of chemical enterprises. Based on the findings we have made recommendations and conclusions which can be generalized and implemented in the management of chemical enterprises to maintain, respectively, to increase competitiveness. Additional analysis result is the comparison of the enterprises within the industry; assess the development of the sector, and the current environment in which analyzed enterprises operate. The main contribution of this paper is to view on the current situation of chemical enterprises in Slovakia within the current business environment and analysis of the positive and negative effects of globalization on their operating management.