THE EFFECTS OF THE EVOLUTION OF THE BUSINESS MODEL IN A PERIOD OF ECONOMIC CRISIS — A STUDY OF ANNUAL REPORTS OF SELECTED AIRLINES
DOI:
https://doi.org/10.12775/EiP.2015.031Keywords
business model, annual reports, accountingAbstract
The business model has become the new challenge in external reporting. It is increasingly used in International Financial Reporting Standards and non-financial reporting. In an era of global crisis, enterprises are changing their business models. This article presents the consequences of the evolution of business models within the airline sector in a period of economic crisis and the reflection of changed business models in annual reports. The conclusions summarize information about the business models disclosed in annual reports of selected airlines.References
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