Food Processing Firms Inventory Levels in Hard Times. 2004-2012 Slovak, Czech and Polish Enterprises Case

So called "hard times" are in our paper connected with post-crisis situation. FLIEM model predicts that before the crisis, during the crisis and after the crisis phases are connected with higher levels of inventory in food processing enterprises. Investments in current assets of the businesses are a hedging instrument against individual risk sensitivity that is higher in crisis affected times. The paper aim is to compare real economy data with FLIEM predictions. The FLIEM model expected that inventories to total assets indicator should be treated as forecasting indicator about future risk sensitivity of the entities. It could be also suitable as forewarning impulse of future standing of whole food processing part of economy