A Framework for Short- vs. Long-Term Risk Indicators for Outsourcing Potential for Enterprises Participating in Global Value Chains: Evidence from Western Balkan Countries

This paper aims to present a benchmarking framework for short- and long-term risk of enterprises in emerging markets that seek integration global value chains. The benchmark instrument particular assess based on accounting data estimations key financial ratios located the Western Balkan region operating materials, industrials, customer-discretionary industries. In total, considers 310 enterprises. Given geographical proximity region, risks serves outsourcing potential these have toward foreign dominating larger such as European chain. is applicable large-scale annual series collected subindustry level order obtain more granular analysis industry its respective indicates those subindustries performing better both at display higher opportunities