Journal articles: 'Indicators of financial performance'

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Hodzic, Nedzad, and Ninoslav Gregovic. "Business financial performance indicators." Ekonomski izazovi 4, no. 7 (2015): 72–85. http://dx.doi.org/10.5937/ekoizavov1507072h.

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Turisová, Renáta, Michal Tkáč, and Miloš Pachta. "Monitoring of process performance by means of financial indicators." Problems and Perspectives in Management 16, no. 3 (September 25, 2018): 477–87. http://dx.doi.org/10.21511/ppm.16(3).2018.38.

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The paper deals with problematic nature of measuring of process performance. It includes a designed procedure of process performance monitoring, evaluation of logistic processes quality, and also measuring of the impact of marketing activities on the profitability of process output, i.e. a product, by means of appropriate indicator.There are several performance indicators that companies use to monitor the performance of their processes and business strategies with respect to their objectives. To monitor these indicators, enterprises rely on dashboards that present one or more indicators along with contextual information to help decision makers identify deviations and their root causes. Associated benefits related to the process performance measurement system can be seen, for example, in better decision-making, flexible human resource management and process management structures. By using rolled steel sheets in a large metallurgical plant as an example, there will be shown how the performance of the rolling process can be improved by monitoring the tangible financial indicator. Subsequently, the experience was from case management companies presented to further incorporate a practical view of implementation and related issues. Finally, the reasons why the organization prefers the observed indicator during implementation of the process performance of measurement system is explored in order to understand the causes and consequences.

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Kryukov, Dmitry, and Raimonds Strauss. "Information security governance as key performance indicator for financial institutions." Scientific Journal of Riga Technical University. Computer Sciences 38, no. 38 (January 1, 2009): 161–67. http://dx.doi.org/10.2478/v10143-009-0014-x.

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Information security governance as key performance indicator for financial institutions Due to their nature financial institutions and their performance are in constant focus of attention from different stakeholder groups. These groups according to their functions and interests are implementing different sets of key performance indicators for financial institution performance assessment. In the proposed paper authors present a hypothesis of information security governance being a financial institution key performance indicator. Authors provide high level overview of existing situation in key performance indicator domain for financial institutions. The overview of stakeholder groups interested in financial institution performance management is provided. In the same way as corporate governance is treated as financial and operational performance reflecting and influencing factor, information security governance as a component of corporate governance, according to authors' opinion, should be treated as key performance indicator for financial institutions. In the paper the most indicative financial performance indicators as well as their calculation methods are defined for financial institutions. The paper contains overview of information security assessment models and researches in this field. Authors have chosen information security maturity model to use in testing hypothesis. The paper contains description of calculation methodology for financial performance indicators and information security maturity indicators. The hypothesis has been proved performing analysis of correlation between calculated financial performance indicators and information security governance model indicators for chosen Latvian financial institutions.

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Yilmaz, Ilker. "Social Performance vs. Financial Performance." International Journal of Finance & Banking Studies (2147-4486) 2, no. 2 (April 21, 2013): 53–65. http://dx.doi.org/10.20525/ijfbs.v2i2.146.

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In recent decades, it is gaining more and more dominance in both academic and business life that the company exists for and has responsibilities toward a wider group of stakeholders and it must have some objectives other than profitability. To achieve sustainable development and growth, the companies must assume more duties, which is called the term “corporate social responsibility (CSR).” In the literature, it is questioned whether CSR activities benefit the company or not; whether there is any relationship exists between CSR activities and the company’s financial performance and the direction of the relationship. We aimedto explore that whether there is any effect corporate social performance (CSP) on financial performance and position and vice versa. We performed content analysis through annual reports and derived a social score composed of the items included in disclosure guidelines and some criteria used in CSR ratings. We also used several financial position and financial performance indicators. In order to explore the relationship between CSP and financial indicators, we run panel data regressions. We found significant results for some of the indicators, where some of the indicators gave insignificant results. The reporting of CSR activities is in very low levels. The conscious toward CSR and sustainability must be promoted and the companies must assume more active roles. The reporting of those activities is also important.

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Hackett, E. Raymond, and Sarah D. Carrigan. "Performance Indicators." education policy analysis archives 6 (September 6, 1998): 17. http://dx.doi.org/10.14507/epaa.v6n17.1998.

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Measures of overall institutional performance were explored from a decision support perspective with twenty similar Carnegie Classification Baccalaureate II institutions. The study examined the usefulness of performance indicators in campus decision making following both a hypothesis testing and case study approach. Two conclusions were reached: first, that the performance measures most commonly cited in the literature as measures of institutional financial viability are of limited use for institution specific policy development; and second, that performance indicators are most effectively used within an institution specific, whole system framework.

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Milichovský, František. "Financial Key Performance Indicators in Engineering Companies." Periodica Polytechnica Social and Management Sciences 23, no. 1 (2015): 60–67. http://dx.doi.org/10.3311/ppso.7810.

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Chapman, Ross L., Peter Charles Murray, and Robert Mellor. "Strategic quality management and financial performance indicators." International Journal of Quality & Reliability Management 14, no. 4 (June 1997): 432–48. http://dx.doi.org/10.1108/02656719710170675.

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Kountur, Ronny, and Lady Aprilia. "A Factor Analysis of Corporate Financial Performance: Prospect for New Dimension." ACRN Journal of Finance and Risk Perspectives 9, no. 1 (2020): 113–19. http://dx.doi.org/10.35944/jofrp.2020.9.1.009.

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This study aims to find the dimensions of financial indicators where both ratio and non-ratio indicators are accommodated. It is expected that the new dimensions of financial indicators be found. Both Exploratory and Confirmatory Factor Analysis is used in analyzing the data. Data are taken from 120 companies listed in Indonesian Stock Exchange (IDX). Twenty financial indicators from the financial reports of each company are identified. While it has been a common practice to use ratio in indicating financial performance, it is not common to use an individual value from financial statements as financial indicators. This study shows that financial indicators can be grouped into four dimensions; they are Operational Performance, Asset-Income Performance, Owner Returns Performance and Leverage Performance. All of the non-ratio indicators that are expressed in the amount are grouped in the Asset-Income Performance dimension. New dimensions of financial performance indicators that do not commonly exist in this study, they are Asset-Income, and Leverage Performance. With the new dimension, non-financial performances such as customer satisfaction, corporate social responsibility, reputation, nepotism, and professionalism may be detected.

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Savickas, Vilius. "Issues in selecting profitability indicators for the evaluation of corporate financial performance." Buhalterinės apskaitos teorija ir praktika, no. 20 (January 24, 2020): 6. http://dx.doi.org/10.15388/batp.2019.14.

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The article analyses the selection of profitability indicators for the evaluation of corporate financial performance. Both theory and practice, address a variety of profitability indicators, therefore, it is essential to understand the possibilities of using the information they provide, as well as to be able to identify potential reasons of indicator value deviations, and to assess the conditions causing the analysis performed based on these indicators to provide incomplete or unreliable information. The aim of the study is to analyse the main profitability indicators, their potential disadvantages, and possible issues in the analysis and interpretation of these indicators. Methods of logical and comparative analysis of the scientific literature, synthesis and generalisation, statistical data analysis and interpretation were used in this article. The results of the analysis show that there is no universal profitability indicator, that would cover all areas of company performance, because profitability indicators’ reliability, as well as objectivity of comparison to other entities, are influenced by national accounting standards, different prime cost calculation methods, long-term assets depreciation methods, reserve assessment, and other methods.

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Kotane, Inta. "USE OF FINANCIAL AND NON-FINANCIAL INDICATORS IN EVALUATION OF COMPANY’S PERFORMANCE." CBU International Conference Proceedings 3 (September 19, 2015): 224–33. http://dx.doi.org/10.12955/cbup.v3.605.

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Dimensions for the measurement of the company’s performance include financial and non-financial indicators. Many authors have carried out researches on financial and non-financial indicators, though the problems of their practical application exist, since there is no single united approach for measurement and assessment of both financial and non-financial indicators. This research is based on the former theoretical and practical researches by the author on the application of the financial and non-financial indicators to measure the company’s performance.The aim of this research was to develop a model for the small companies’ performance evaluation, based on the opinions of the owners, managers, and top executives of the small companies in Latvia. The Internet survey was used as a research method, applying a simple random sampling. The results of the research indicated that there are 17 indicators, including 10 financial and 7 non-financial indicators, which could be used for the evaluation of the small companies’ performance and for modelling the company’s net turnover.

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Cicilia, Orlin. "PENGARUH FINANCIAL CLASSIFICATION, FINANCIAL INDICATORS, DAN CORPORATE PERFORMANCE TERHADAP MANAJEMEN LABA." JURNAL INFORMASI, PERPAJAKAN, AKUNTANSI, DAN KEUANGAN PUBLIK 13, no. 1 (August 10, 2019): 55. http://dx.doi.org/10.25105/jipak.v13i1.5008.

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The purpose of this study is to know the analysis of the effect of financial classification, financial indicators, and corporate performance on earning management through corporate governance as intervening variable. Financial indicators of this study are measured by liquidity, profitability, and leverage. Sampling method used is purposive sampling method (a method using special criterias). The sample in this study is 54 manufactur companies listed on the Indonesia Stock Exchange in 2011-2014. This research uses IBM SPSS 21.0 and variety of journals and references relating to the topic of this research contained in the library as well as other information from legal website on the internet. The result of this study shows that financial classification, financial indicators, and, corporate performance don’t have significant influence to earning management indirectly through corporate governance as intervening variable. The direct and significant influence only happen to profitability on earning management

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Tan, Zhongming, Frimpong Samuel, and Guoping Ding. "Impact of Financial Risk Indicators on Banks’ Financial Performance in Ghana." Business and Economic Research 9, no. 4 (October 5, 2019): 23. http://dx.doi.org/10.5296/ber.v9i4.15575.

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This research is to study the impact of some financial risk indicators on fifteen selected commercial banks’ in Ghana. The indication from the augmented Dickey-Fuller unit root test results show that the data series after first difference at the first order achieved stationarity. The analysis of the data revealed the existence of significant long run relationship between bank financial performance and the variables of financial risk in the banking sector. The granger causality test results reveal that there is unidirectional causality flowing from the variables of financial risk This suggest that the indicators of financial risk strongly and actively stimulate and improve the financial performance of banks in Ghana. The study recommends that bank managers should improve on the management of all the indicators of financial risk variables in order to improve on the achievement of the objective of the firm.

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Coram, Paul J., Theodore J. Mock, and Gary S. Monroe. "Financial analysts' evaluation of enhanced disclosure of non-financial performance indicators." British Accounting Review 43, no. 2 (June 2011): 87–101. http://dx.doi.org/10.1016/j.bar.2011.02.001.

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Ferreira, Aracéli Cristina de S., Vinicius Mothe Maia, Dilo S. de Carvalho Vianna, and Juliana Molina Queiroz. "Financial Situation Unique Indicator for Electric Sector Firms." Accounting and Finance Research 10, no. 3 (August 23, 2021): 72. http://dx.doi.org/10.5430/afr.v10n3p72.

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This paper develops a unique indicator to identify the financial situation of firms in the electric sector in Brazil. The National Electric Energy Agency (ANEEL) regulates this sector through five dimensions: indebtedness, efficiency, investment, profitability, and pay-out ratio. Each of these dimensions contains one or two indicators. Based on these indicators, we develop a unique indicator that shows companies' financial situation. To create a unique indicator, we follow the idea of Altman’s solvency indicator. But, we use a logit regression. Our dependent variable is Global Performance of Continuity which indicates the financial situation of the firm. Our independent variables are based on the five dimensions of the ANEEL indicators for financial situation. We collect data from 2011 to 2018. This research follows three main steps: (1) Collection of the data from the ANEEL database; (2) Creation of variables based on ANEEL’s five dimensions of performance; and (3) Econometric proceedings with variables according to ANEEL’s data and indicators of each dimension. First, we estimate one regression with all variables created based on ANEEL’s five dimensions. Then, we make improvements to find a more suitable model with different combinations of variables. We chose the best model by analysing the Akaike information criterion (AIC). Our results show that the unique indicator we create to evaluate firm performance is based on Debt, Efficiency, Investment (CapexA) and the Pay-out Ratio.

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Shihadeh, Fadi. "Financial inclusion and banks' performance: Evidence from Palestine." Investment Management and Financial Innovations 18, no. 1 (February 8, 2021): 126–38. http://dx.doi.org/10.21511/imfi.18(1).2021.11.

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This study aims to examine the relationship between financial inclusion indicators and bank performance in Palestine. The study population and its sample include all 15 banks operating in Palestine and cover the period 2006 to 2016 with panel data from 162 observations. To interpreter the variables, the study uses the volume of loans to SMEs (usage), banking penetration, number of ATMs and branches (access), and online banking, the latter if it is a dummy variable. Further, the study uses operational profits, total revenues and ROE as bank performance indicators and dependent variables. Using empirical analysis, the results indicated that banking penetration tools, branching and ATMs, could enhance bank performance. Despite the decline in lending to SMEs, this factor could positively improve the performance of banks in Palestine. In general, financial inclusion helps banks improve their performance and increase their revenues. This study recommends that government organizations can use the obtained results to formulate their strategies and agendas for improving financial inclusion in Palestine and other developing countries. Acknowledgment The author is thankful to Bo Liu and Azzam Hanoon for their comments and suggestions to improve this paper. The author discloses that funding for the writing of this paper comes from the TAAWON research fund.

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Agbada, Andrew Omosioni. "Appraising Financial Development Indicators and Capital Market Performance." Finance & Economics Review 2, no. 1 (May 22, 2020): 45–62. http://dx.doi.org/10.38157/finance-economics-review.v2i1.79.

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This study appraised empirically Financial Development Indicators (FDIs) and Capital Market Performance in Nigeria. While Financial Depth, Financial Access and Financial Efficiency served as proxy for FDIs and independent variable; Market Capitalization was used as proxy for Capital Market Performance and the dependent variable. Primary data were sourced employing Survey design and analyzed using Pearson Product-Moment Correlation Coefficient, (PPMCC) technique denoted by ‘r’. The robustness of findings which showed that hypotheses one (H01) and two (H02) exhibited high coefficients and passed the test of significance led us to conclude that the variables: Financial Depth and Financial Access are relevant to policies formulated to affect Market Capitalization in Nigeria. However, hypothesis three (H03) portends rather low results suggesting that though a positive relationship exists between Financial Efficiency and Market Capitalization, the strength of relationship is moderate and cannot be considered too relevant to policies formulated to affect Market Capitalization in Nigeria. We therefore recommend that financial sector authorities and stakeholders should ensure that innovative facilities and policies that enable access to finance; that give ability to financial markets to imbibe large trade volumes be put instituted to facilitate proper development of the sector and that serious attention should be given to on-the-job-training, retraining and financial courses for employees to acquire industry knowledge of the job in order to enhance their performance.

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Jang, Sung Ok, and Jong In Lim. "Developing key Performance Indicators for Financial IT Security." Journal of Society for e-Business Studies 18, no. 3 (August 31, 2013): 125–42. http://dx.doi.org/10.7838/jsebs.2013.18.3.125.

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Guthrie, James, and Ruth Neumann. "Economic and non-financial performance indicators in universities." Public Management Review 9, no. 2 (June 2007): 231–52. http://dx.doi.org/10.1080/14719030701340390.

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Laseter, Timothy, and Samuel Bodily. "Strategic Indicators of B2B e-marketplace Financial Performance." Electronic Markets 14, no. 4 (December 2004): 322–32. http://dx.doi.org/10.1080/10196780412331311766.

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Safriansah, Safriansah, Nizwan Zukhri, and Andriyansah Andriyansah. "Analysis of Financial Performance Using Budget Absorption Indicators." Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences 4, no. 1 (March 2, 2021): 1467–78. http://dx.doi.org/10.33258/birci.v4i1.1775.

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Budget absorption is one indicator in measuring the performance of the state revenue and expenditure budget. Most of the budget realization occurred in the fourth quarter. The absorption of the budget, especially expenditure on goods and services, has a significant effect in driving economic growth. The research objective was to analyze the effect of budget planning, budget execution, government internal control systems on budget absorption, financial performance at the "Forest Area Consolidation Hall in Sumatra Region with budget absorption as a mediating relationship. This research uses descriptive quantitative method. The number of samples in this study were 215 respondents. The sampling technique in this research is saturated sampling. The research results show that there is an effect of budget planning, budget execution and government internal control systems on budget absorption at the Forest Area Consolidation Center in Sumatra Region. In addition, budget absorption also affects financial performance at the Forest Area Consolidation Center in Sumatra Region. Budget Absorption Mediates the Relationship between Budget Planning and Financial Performance at the Forest Area Consolidation Center in Sumatra Region. Absorption of Budget Mediates the Relationship between Budget Implementation and Financial Performance at the Forest Area Consolidation Center in Sumatra Region. Absorption of Budget Mediates the Relationship between the Government's Internal Control System and Financial Performance at the Forest Area Consolidation Center in Sumatra Region.

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Panggabean, Martin, and Stefan Batara Panggabean. "Key Determinants of Indonesia’s Banks Financial Performance." Jurnal Akuntansi dan Keuangan 21, no. 2 (November 4, 2019): 58–67. http://dx.doi.org/10.9744/jak.21.2.58-67.

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Depositors, investors, as well as public in general need easily accessible indicators that are important to differentiate various banks. This research addresses simultaneously two important issues: analyzing and identifying which key publicly available financial indicators of banks are important, as well as approximating the weight of the aforementioned indicators when banks’ comparisons are to be made. Utilizing the recent 2017 database from 90 conventional banks, this study analyzes 17 banking ratios using the method of principal component analysis. The calculations show that five components explain around 75 percent of total variation in the data. Those five components represent indicators on profitability, quality of capital, quality of loans, fee-based activities, and liquid assets in the balance sheets. Further, by combining five principal components, the result shows that even small banks can achieve good financial performances.

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Pustylnick, Igor. "Comparison of liquidity based and financial performance based indicators in financial analysis." Oeconomia Copernicana 8, no. 1 (March 31, 2017): 83. http://dx.doi.org/10.24136/oc.v8i1.6.

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Research background: Since the turn of the 21st century financial statement manipulations became the center of attention for accountants, auditors and financial analysts. Since being classified by the regulators as fraudulent, earnings management has required a separate detection methodology. The majority of detection research is performed through the comparison of a large number of statements for the same company in order to find irregularities in earnings behavior. Shortening of the detection time and the amount of data becomes important. Purpose of the article: The goal was to compare the characteristics of M-Score and ∆P-∆R and to find their advantages and limitations. Applying both indicators to the different samples, the research attempted to determine the statistical connection between them and to set up the limits of their applicability. Since M-Score indicator is liquidity-based, this research attempted to determine to which extent M-Score and Z-Score are statistically related. Methods: The research paper compares the behavior of both indicators using various samples of financial data: the sample of companies, charged with fraud, the sample with exceptional liquidity, the large random sample and the sample from the emerging market economy. Based on the original observations, two other subsamples (one based on poor Z-Score and one based on exceptional Z-Score) were extracted from the main sample. For all samples ∆P-∆R, M-Score and Z-Score were statistically compared among and between themselves. Findings and value added: The research found the limitations of ∆P-∆R and M-Score in the stable markets and was able to connect them in the emerging market by using linear regression model (also including Z-Score). The research confirmed that M-Score can mistake exceptional performance for manipulations, resulted in Type I errors. ∆P-∆R appeared somewhat coarse and prone to Type II errors. The combined use of both in the emerging markets will provide the best approach.

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White, Joe. "Performance Management Through Societal Performance Indicators." International Journal of Business Intelligence Research 2, no. 4 (October 2011): 29–41. http://dx.doi.org/10.4018/jbir.2011100103.

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Performance management is tied to external forces and stakeholders whose assessment of performance is more focused on societal outcomes than purely financial outcomes. Government, corporate, and even personal performance measurement should take into account societal indicators that link these disparate yet intertwined spheres of influence. New initiatives in both government and commercial sectors are bringing greater understanding of how societal indicators can measure performance. This paper highlights how societal indicators are used to measure performance in corporate and government sectors. Corporate societal indicators are explored primarily though literary research. Government societal indicators are explored through an examination of the EPA and Superfund program. The paper demonstrates that there is synergy between corporate, government, and personal government performance measures and how business intelligence tools are making these relationships more transparent.

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Kotane, Inta. "Evaluating the importance of financial and non-financial indicators for the evaluation of company’s performance." Management Theory and Studies for Rural Business and Infrastructure Development 37, no. 1 (March 23, 2015): 80–94. http://dx.doi.org/10.15544/mts.2015.08.

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The topicality of the research is determined by the studies on financial and non-financial indicators by many authors, although there are difficulties in their practical use since there is no united approach in the measurement and evaluation of both financial and non-financial indicators. The current research is based on the earlier theoretical studies by the author on the use of the financial and non-financial indicators in the evaluation of the company’s performance; as a result of the previous research the groups of the financial and non-financial indicators were established and later on used in the practical research by the author. The aim of the research is to assess the importance of the financial and non-financial indicators in accordance with the opinions of the Latvian business persons and top-level officials of the Latvian companies. The research methods used in the research: information analysis and synthesis, logically constructive method, methods of data classification, comparative method, factor analysis and clustering methods. The results of the research demonstrate that the majority of the respondents find the financial indicators to be moderately important or very important, but the non-financial indicators- highly important. It could be concluded that the non-financial indicators are evaluated higher than the financial indicators, which confirms the necessity to use the non-financial indicators in the evaluation of the company’s performance.

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John Asaleye, Abiola, Joseph Ibrahim Adama, and Joseph Olufemi Ogunjobi. "Financial sector and manufacturing sector performance: evidence from Nigeria." Investment Management and Financial Innovations 15, no. 3 (July 6, 2018): 35–48. http://dx.doi.org/10.21511/imfi.15(3).2018.03.

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Nigerian economy depends on oil as the major source of revenue, failure to diversify the revenue base has raised questions about its sustainability and implication on the economy. This study uses market capitalization, broad money stock, credit to private sector, prime interest rate and deposit liability as proxies for the financial sector, while output in the manufacturing sector and manufacturing employment are used as proxies for manufacturing performance. The study examines the causal effects, shock effect and long-run impact using Granger Non-Causality, Vector Error Correction Model, and Dynamic Ordinary Least Square method, respectively. The results showed unidirectional causality, confirming the hypothesis of the ‘supply-leading view’ and ‘demand-following view’ except for market capitalization and output in the manufacturing sector, where independence was observed. The variance decomposition shows that the forecast error shock of credit to private sector and prime interest rate show more variations in manufacturing sector performance than other financial indicators. The long-run result using output in manufacturing sector as dependent variable shows a positive significant relationship with other financial sector indicators, except for broad money stock and deposit liability. This study recommended credit channel for transmission of monetary policy using interest rate to improve the performance of manufacturing sector, among others.

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Karcagi-Kováts, Andrea. "Performance indicators in CSR and sustainability reports in Hungary." Applied Studies in Agribusiness and Commerce 6, no. 3-4 (November 30, 2012): 137–42. http://dx.doi.org/10.19041/apstract/2012/3-4/20.

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Corporate Social Responsibility (CSR) or Corporate Sustainability reporting is a relatively new phenomenon in Hungary. As the external pressure from the civil society, public authorities and the media has so far been fairly low, this important corporate activity emerged only at the beginning of the last decade. In spite of this, several pioneering companies have started to publish information on its environmental and social performance in recent years. CSR and sustainability reports are seen increasingly as strategic documents that offer a balanced, objective, and comprehensive assessment of a firm’s non-financial performance. In 2008 and 2009, more than a third of the 100 largest companies reported on their non-financial results (most of them were GRI based reports). In 2010, sixty-one organisations published a report about their non- financial performance, and 22 of these for only the first time. The aim of this paper is to present recent attempts to use indicators in CSR and sustainability reports. On the basis of a detailed review of 70 CSR/sustainability reports published during the last 9 years in Hungary, an analysis was made on the performance indicators appearing in the reports. The motivations of indicator selection processes was analysed and the intended roles of indicator set in communication and strategy design was presented. The significance of and limits to the proposed indicators was discussed.

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Sujová, Andrea, Ľubica Simanová, and Katarína Marcineková. "Reengineering of production processes and its impact on the financial situation and business performance of the company." Engineering Management in Production and Services 11, no. 3 (November 19, 2019): 106–16. http://dx.doi.org/10.2478/emj-2019-0025.

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Abstract The current competitive environment is only favourable to those companies that can cope with changes and use them to their advantage. The innovation of business processes is required to improve financial performance. Scientific works have not yet offered an effective solution to the monitoring of the impact made by process reengineering on corporate financial results. This work presents the case of a business process reengineering in a particular company to improve its performance. The results of implemented reengineering are analysed from the point of view of the impact made on the financial situation of the company. The paper aims to demonstrate the implementation of reengineering and evaluate its impact on the financial standing of a company and its performance. The practical application of reengineering was made according to Hammer and Champy methodology, which is based on the analysis of production processes in the company, the implementation of selected reengineered production processes and the evaluation of the reengineering impact on the corporate financial situation and performance. During the evaluation, the selected indicators of financial performance, activity indicators, the indebtedness indicator, business performance indicators as a cash flow to measure financial flows and the economic value-added (indicator EVA) were calculated and analysed. Subsequent to financial analyses and based on the selected indicators, the authors concluded that the implemented reengineering of the production process increased the performance and value of the company, which had a positive impact on the company’s financial situation. The funds spent on the proper implementation of the reengineering steps were effectively used, and the reengineering process was also timed. This contribution to the body of theoretic knowledge links the implementation of reengineering and the part of the financial analysis, which is related to the preparation, implementation and reengineering results.

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Simkhada, Nav Raj. "Indicators for Measuring Performance of Financial Cooperatives in Nepal." Journal of Business and Management Research 2, no. 1-2 (October 8, 2017): 66–86. http://dx.doi.org/10.3126/jbmr.v2i1-2.18152.

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Comprehensive institutional assessment tool helps to appraise performance of an organization and adopt appropriate strategies for enhancing performance. Different organizations demand different indicators and standards for appraising performance. Different tools such as PEARLS and CAMEL have been prescribed measure performance of financial institutions. These tools were developed in different contexts and are not adopted in Nepali cooperative sector. The objective of this paper is to identify and recommend different indicators for measuring performance of financial cooperatives in Nepal. Expert interviews and focus group discussions were applied to explore the indicators for performance assessment. The identified indicators were piloted with randomly selected 210 cooperatives. The findings showed that 32 financial ratios under eight performance measurement dimensions and 25 self-governance related indicators are needed to assess the performance of financial cooperatives in Nepal and elsewhere. Implications of the findings are discussed and limitations of the study are highlighted,

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Kopiński, Adam, and Dariusz Porębski. "Key Performance Indicators for Hospital Balanced Scorecard Financial Perspective." Zeszyty Naukowe Uniwersytetu Szczecińskiego Finanse Rynki Finansowe Ubezpieczenia 82 (2016): 761–72. http://dx.doi.org/10.18276/frfu.2016.4.82/2-65.

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Ferdaws Ezzi, Mohamed Ali Azouzi, and Anis JARBOUI. "FINANCIAL PERFORMANCE INDICATORS OF TUNISIAN COMPANIES: DECISION TREE ANALYSIS." Researchers World : Journal of Arts, Science and Commerce 7, no. 1(1) (January 31, 2016): 99–110. http://dx.doi.org/10.18843/rwjasc/v7i1(1)/11.

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Kristensen, E., S. Østergaard, M. A. Krogh, and C. Enevoldsen. "Technical Indicators of Financial Performance in the Dairy Herd." Journal of Dairy Science 91, no. 2 (February 2008): 620–31. http://dx.doi.org/10.3168/jds.2007-0201.

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Krishnamoorthy, Srikumar. "Sentiment analysis of financial news articles using performance indicators." Knowledge and Information Systems 56, no. 2 (November 24, 2017): 373–94. http://dx.doi.org/10.1007/s10115-017-1134-1.

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Kotāne, Inta. "THE ASSESSMENT OF FINANCIAL AND NON-FINANCIAL INDICATORS IN EVALUATING THE PERFORMANCE OF A COMPANY." Latgale National Economy Research 1, no. 5 (October 21, 2013): 129. http://dx.doi.org/10.17770/lner2013vol1.5.1156.

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In this article the findings of a survey of entrepreneurs’ viewpoint are collected. It is carried out with an aim of clarifying the importance of financial and non-financial indicators in evaluating the performance of a company as well as the factors that influence the impartiality of financial and non-financial indicators and the factors that interfere with financial and non-financial analysis of a company. The topicality of this research is based on the reason that many authors have carried out research into the systems of financial and non-financial indicators. However, the arising issues are connected with the practical application because of the lack of unified approach to identifying, classifying, measuring and evaluating indicators of financial activities. This research is based on preceding theoretical work about the uses of financial and non-financial indicators in evaluating the performance of the company. The aim of this research is to carry out assessment of the importance of financial and non-financial indicators in evaluating the performance of the company, using the opinion of Latvian entrepreneurs. For this research we used method of online survey, using simple random selection or the method of real random selection.

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Bolos, Bradea, and Delcea. "Modeling the Performance Indicators of Financial Assets with Neutrosophic Fuzzy Numbers." Symmetry 11, no. 8 (August 7, 2019): 1021. http://dx.doi.org/10.3390/sym11081021.

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This research sets the basis for modeling the performance indicators of financial assets using triangular neutrosophic fuzzy numbers. This type of number allows for the modeling of financial assets performance indicators by taking into consideration all the possible scenarios of their achievement. The key performance indicators (KPIs) modeled with the help of triangular fuzzy neutrosophic numbers are the return on financial assets, the financial assets risk, and the covariance between financial assets. Thus far, the return on financial assets has been studied using statistical indicators, like the arithmetic and geometric mean, or using the financial risk indicators with the help of the squared deviations from the mean and covariance. These indicators are well known as the basis of portfolio theory. This paper opens the perspective of modeling these three mentioned statistical indicators using triangular neutrosophic fuzzy numbers due to the major advantages they have. The first advantage of the neutrosophic approach is that it includes three possible symmetric scenarios of the KPIs achievement, namely the scenario of certainty, the scenario of non-realization, and the scenario of indecision, in which it cannot be appreciated whether the performance indicators are or are not achieved. The second big advantage is its data series clustering, representing the financial performance indicators by which these scenarios can be delimitated by means of neutrosophic fuzzy numbers in very good, good or weak performance indicators. This clustering is realized by means of the linguistic criteria and measuring the belonging degree to a class of indicators using fuzzy membership functions. The third major advantage is the selection of risk mitigation analysis scenarios and the formation of financial assets’ optimal portfolios.

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Mishra, Supriti, and Pitabas Mohanty. "Corporate governance as a value driver for firm performance: evidence from India." Corporate Governance 14, no. 2 (April 1, 2014): 265–80. http://dx.doi.org/10.1108/cg-12-2012-0089.

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Purpose – The study aims to examine corporate governance issues in India and establish the relationship between corporate governance and financial performance. Design/methodology/approach – The sample comprises 141 companies belonging to the “A” group stocks listed in the Mumbai Stock Exchange of India. Considering the institutional uniqueness in India, a composite measure of corporate governance is developed comprising three indicators – legal, board and proactive indicators. Data on the three indicators and financial performance were procured from secondary sources. In the step-wise multiple regression analysis, the influence of these three indicators and the composite measure of corporate governance was examined on firm performance after controlling the confounding effects of firm size. Findings – The board and the proactive indicators influence the firm performance significantly whereas legal compliance indicator does not do so. The composite corporate governance measure is a good predictor of firm performance. Originality/value – This study has two contributions: one, it proposes a composite measure of corporate governance considering the unique institutional characteristics of the Indian economy. Two, the study establishes the predictability of the new measure of corporate governance on firm performance as a tool to boost investors' confidence and financial health of firms.

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Daňo, Matej, Natália Horňáková, Helena Vidová, and Sebastian Saniuk. "A Company Level Performance Measurement through the Evaluation of Production Processes Performance." Applied Mechanics and Materials 708 (December 2014): 233–38. http://dx.doi.org/10.4028/www.scientific.net/amm.708.233.

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The presented paper is aimed at assessing the level of performance through an industrial company endpoints indicators, in which the efficiency and performance of business processes is transformed to. The paper describes the concept of company performance based on theoretical knowledge of authors from Slovakia as well as developed economies. It also provides concrete examples of financial and non-financial indicators and informs professionals and general public with a number of additional indicators. Likewise the paper characterizes most famous concepts of measurement and management of company performance based on results of a survey which was conducted by the Institute of Industrial Engineering and Management MTF STU in Trnava, as a part of the research project VEGA No. 1/0787 / 12th. Authors attach great importance to measure the process performance as an important part of performance measurement of an industrial company. They introduce the procedures for measuring the manufacturing processes, whole range of specific performance indicators of production processes as well as different methods of measuring the performance of production processes and the company as a whole unit. The level of significance is designed for each proposed indicator and measurement result consists of value reflecting the overall company performance (various departments), which can be used as a benchmark for individual departments or plants within a particular multinational group.

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Wyszyński, Artur. "Data envelopment analysis method in comparison with traditional indicator approach in the assessment of financial condition of Ekstraklasa clubs." Wiadomości Statystyczne. The Polish Statistician 63, no. 1 (January 29, 2018): 21–36. http://dx.doi.org/10.5604/01.3001.0014.0612.

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The aim of this article is to apply the technical efficiency indicators obtained using the CCR and BCC models of the Data Envelopment Analysis (DEA), which are measures of the financial condition of Ekstraklasa football clubs that played matches, in the highest class in Poland, in the season 2014/2015. Statistical and discriminatory analyses were used in order to examine the interdependence between the performance indicators and the financial condition of clubs illustrated by three indicators: current liquidity, net profitability and debt. The choice of football clubs was determined by the availability of data from reports of Deloitte as well as Ernst & Young. The research shows that there is a strong correlation between performance measures and financial indicators. The analyzed interdependence was confirmed by the results of testing the differences significance of financial indicators between the group of effective and ineffective clubs. Indicator which considerably differentiates clubs and has the greatest impact on results is financial liquidity. The results obtained indicate that measures computed using the CCR and BCC models can be applied to assess the financial condition of sports clubs.

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Mukherjee, Tutun, Pinki Gorai, and Som Sankar Sen. "Financial performance analysis of GIC Re." Vilakshan - XIMB Journal of Management 17, no. 1/2 (December 3, 2020): 181–95. http://dx.doi.org/10.1108/xjm-08-2020-0071.

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Purpose This study aims to analyse the following: first, the financial performance of General Insurance Re (GIC Re) using performance ratios (PRs); second, the uniformity of different financial performance indicators of GIC Re; third, the internal growth capacity of GIC Re; and finally, the likelihood of GIC Re going into financial distress. Design/methodology/approach As a sample, GIC Re, the lion shareholder in Indian Reinsurance Industry has been considered in the present study. All the necessary data have been extracted from the secondary sources over a time period of 16 years. The financial performance of GIC Re is assessed using five standard ratios, and the uniformity of different financial performance indicators of GIC Re has been examined using Kendall’s Coefficient of Concordance (W). To assess the internal growth capacity of GIC Re internal growth rate has been used, and the likelihood of GIC Re going into financial distress is analysed using multivariate discriminant approach, namely, modified Altman’s Z-score model and logit analysis technique, namely, Ohlson’s O-score model. Findings The results exhibit that financial performance of GIC Re is somewhat satisfactory over a few considerable areas. However, no notable degree of uniformity has been observed amongst the varied financial performance indicators, namely, performance ratio, expense ratio, return on assets, risk retention ratio and combined ratio of GIC Re. The results also reveal GIC Re is lacking ability of growing internally. Moreover, there remains a significant possibility of GIC Re going into financial distress in the near future and so. Originality/value This study is one of the first empirical research studies in India that examines the financial performance of GIC Re from different perspectives.

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Bogicevic, Jasmina, Violeta Domanovic, and Bojan Krstic. "The role of financial and non-financial performance indicators in enterprise sustainability evaluation." Ekonomika 62, no. 3 (2016): 1–13. http://dx.doi.org/10.5937/ekonomika1603001b.

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Sujai, Mahpud. "Evaluasi Atas Kinerja Keuangan PT. Kereta Api Indonesia (Persero) Periode 2003-2008 Dengan Menggunakan Metode Analisis Rasio Keuangan Sistem DU-PONT." Warta Penelitian Perhubungan 23, no. 2 (May 15, 2019): 136. http://dx.doi.org/10.25104/warlit.v23i2.1057.

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This study aims to elaborate the financial ratios and assessing the financial performance of PT. Kereta Api Indonesia (Persero) during the period of 2003 through 2008 so it can be used to project the future financial condition. This study is a literature review and using qualitative methods to explore ways of collecting information through data in various types, mainly secondary data which is the financial statements of the PT. KAI. Analysis of financial statements used as a basis for assessing the performance of the financial statements is the Du-Pont methods of analysis. Based on the analysis conducted, results showed that from seven indicators were analyzed, only one indicator shows that the cbmpany' s financial performance improves. Meanwhile six other indicators shaw a deteriorating corporate performance. Because the financial performance of PT. KAI is still unsatisfied, PT.KAI must improve its financial performance by increasing sales, cost efficiency, increase corporate profits and seek new breakthroughs in improving corporate performance.Keywords: Financial Statements Analysis, Du-Pont System and PT. KAI (Persero)

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Preston, Lee E., and Douglas P. O'Bannon. "The Corporate Social-Financial Performance Relationship." Business & Society 36, no. 4 (December 1997): 419–29. http://dx.doi.org/10.1177/000765039703600406.

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This research note analyzes the relationship between indicators of corporate social and financial performance within a comprehensive theoretical framework. The results, based on data for 67 large U.S. corporations for 1982-1992, reveal no significant negative social-financial performance relationships and strong positive correlations in both contemporaneous and lead-lag formulations.

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DUDIN, Sergei A., Marina Yu SAVEL'EVA, and l'ya N. MAKSIMENKO. "Building an integrated index to assess the likelihood of overstated financial results in financial statements." International Accounting 22 (February 12, 2021): 227–48. http://dx.doi.org/10.24891/ia.24.2.227.

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Subject. Reliability and quality of financial statements guarantee the confidence of State structures, creditors, potential investors and other stakeholders of a company. Objectives. Our purpose is to discuss theoretical and methodological aspects of reliability of financial statements, build an indicator to reveal misstatements of financial results disclosed in accounting reports, define industry specifics in determining the indicators that characterize distortions in financial performance of companies. Methods. We offer a technique to estimate the probability of distortions in financial statements of companies involved in mining operations. Results. We built an integrated index to estimate the likelihood of misstated financial result in financial statements, i.e. its overstatement, for resource development companies. The paper proves that indicators characterizing distortions in financial statements of resource development companies do not coincide with indicators of construction companies. Conclusions. The test of the proposed approach enabled not only to unveil misstatements in the financial results of companies of two economic sectors, but also to define the amount of overstatements. Furthermore, the paper proves the presence of industry specifics in choosing the indicators that characterize the misstatements of companies.

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Law, Philip, and Desmond Yuen. "Financial analysis and corporate governance of AA: A case study." Corporate Ownership and Control 16, no. 2 (2019): 19–24. http://dx.doi.org/10.22495/cocv16i2art2.

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This paper evaluates AA’s financial performances by analyzing its financial reports throughout 2010 to 2012 using ratio analysis. Strengths and weaknesses are identified. Quantitative ratio analysis (liquidity measurement, profitability indicators, financial leverage/gearing, operating performance and investment valuation) indicates AA scores satisfactory among the five indicators, implying good corporate governance positively enhances financial performance. Positive cash flows reveal satisfactory liquidity positions. Results provide implications for companies to maintain better corporate governance in future.

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Sarker, Debnarayan, and Bikash Kumar Ghosh. "Economic Indicators of Primary Milk Producers’ Co-Operative Societies." International Journal of Sustainable Economies Management 1, no. 3 (July 2012): 1–19. http://dx.doi.org/10.4018/ijsem.2012070101.

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This paper examines the physical and financial performance of some primary dairy co-operatives in West Bengal state in India. It suggests that financial performance indicators dominate over physical ones, and all the dominating variables have long term positive impact on Primary milk Producers’ Cooperative Societies (PMPCSs). The significant impact of financial performance variables contributes to high profit efficiency for all primary dairy cooperative societies under study. When the profit efficiency is measured only on the basis of financial performance indicators the score of efficiency for all the PMPCSs lies between 90% and 100% level suggesting that all PMPCSs perform well when the performance of PMPCSs is judged only on the basis of financial performance indicators. But when they are judged by the combined effect of both physical and financial performance indicators, all PMPCSs are not performing well because the impact of physical performance variables differs significantly among them. These results seem to suggest that in order to strengthen the dairy development programme on co-operative line at the primary level more emphasis should be given to these dominating physical and financial performance variables in general and physical dominating variables in particular.

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Alaaraj, Hassan, and Malak Aoun. "Financial Performance Indicators in Lebanese Hospitals: A Sustainable Improvement Strategy." Journal of Accounting and Finance in Emerging Economies 2, no. 2 (June 30, 2016): 69–75. http://dx.doi.org/10.26710/jafee.v2i2.103.

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Although the quality of healthcare services has been measured extensively using different approaches however; the financial approach is considered one of the most tangible indicators to evaluate the effectiveness of the implied quality improvement strategies at the Lebanese hospitals. It is essential to measure quality of performance especially when hospitals are competing for accreditation and sustainability. Therefore, this paper highlights the significant key performance indicators applied by the Lebanese hospitals and mainly the financial performance indicators to improve the healthcare financing in Lebanon. Such financial metrics are found critical for hospitals to define and evaluate their performanceespecially in terms of insurance and financial coverage. This paper demonstrates conceptually the current strategies for improving thehealthcare financing system in Lebanon yet, future studies are encouraged to provide analytical elaborations for the financial status and relativeperformance indicators of the healthcare system in Lebanon.

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Baklanovskaya, Daria, Marat Goguadze, and Alexey Shmatko. "Key performance indicators of major companies: a study on Russian metallurgical industry." E3S Web of Conferences 124 (2019): 05086. http://dx.doi.org/10.1051/e3sconf/201912405086.

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The development of the metallurgical industry requires investing in the environmental safety of processes and technologies of metal processing, as well as to the measures aimed at energy costs reduction. We will look at the economic impact of reducing production costs by saving resources and improving the efficiency of the energy complex. The financial effect of reducing energy consumption per unit of production can be achieved by optimizing the purchase of energy resources, modes of operation of technological and support equipment, improving the management of the company’s energy complex. The article examines the most important indicators of the operating and financial activities of the three companies in the steel industry—Novolipetsk and Magnitogorsk Metallurgical Plants, as well as Severstal PJSC. The financial stability of these companies and the agility of their capital are quite high, and their fixed assets are financed by their own funds. Companies are also financially stable in the short term, as evidenced by the high current liquidity ratios (2 and above), and their own capital exceeds borrowing by 1.5 to 2 times. Thus, we can conclude that they are operationally efficient and have good financial sustainability in the short and long term.

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Oncioiu, Ionica, Anca-Gabriela Petrescu, Florentina-Raluca Bîlcan, Marius Petrescu, Delia-Mioara Popescu, and Elena Anghel. "Corporate Sustainability Reporting and Financial Performance." Sustainability 12, no. 10 (May 24, 2020): 4297. http://dx.doi.org/10.3390/su12104297.

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In the past few decades, business performance has been approached from a multidimensional perspective, because a pro-active corporate sustainability reporting system for assessing the financial performance of an organization should at least address impacts at the organization and community levels, as well as the resulting associated social impacts. The purpose of this research was to identify the accessibility of corporate sustainability reporting instruments for Romanian managers and their role in increasing the financial performance of organizations. This study concludes that corporate social reporting indicators can be integrated into the reporting of the financial performance of a company and can transform sustainability into tangible value for all interested parties. In addition, the empirical results contribute to the understanding of corporate social responsibility practices; although being non-financial, these seem to be financially meaningful at a certain level after other financial factors are controlled for.

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Azadeh, A., A. Roohani, and S. Motevali Haghighi. "Performance optimization of gas refineries by ANN and DEA based on financial and operational factors." World Journal of Engineering 12, no. 2 (April 1, 2015): 109–34. http://dx.doi.org/10.1260/1708-5284.12.2.109.

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This study presents a combined artificial neural network (ANN) and multivariate approach for performance evaluation and optimization of gas refineries. This study introduces standard financial and non-financial indicators for performance evaluation of the gas refineries. Data are collected from gas balance sheets and the detailed statistics of gas refineries. Two cases have been considered for performance evaluation. In the first case the financial indicators and in the second case the financial and non-financial indicators are used and tested over five years period. The refineries are evaluated by data envelopment analysis (DEA), principal component analysis (PCA), numerical taxonomy and artificial neural network (ANN). Finally, a complete sensitivity analysis is performed for each stated method. The results show that DEA is more resistant to noise than other methods. Also, there is slight difference between results of financial and combined financial and operational indicators. This suggests the use of combined financial and operational indicators for future practical studies in gas refineries. This is the first study that presents an integrated approach for combined performance of financial and operational indicators in gas refineries.

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López-Toro, Alberto A., Eva María Sánchez-Teba, María Dolores Benítez-Márquez, and Mercedes Rodríguez-Fernández. "Influence of ESGC Indicators on Financial Performance of Listed Pharmaceutical Companies." International Journal of Environmental Research and Public Health 18, no. 9 (April 25, 2021): 4556. http://dx.doi.org/10.3390/ijerph18094556.

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The pharmaceutical industry, concerned about the impact of its activity, has integrated responsible principles and practices with a view to improving its sustainable and financial performance. This study analyzes the relationship between environmental, social, governance, and controversy indicators and financial performance, measured through return on equity (ROA), return on assets (ROE), and Tobin’s Q, which are applied to the listed companies in the Nasdaq US Smart Pharmaceuticals Index. This index is composed of 30 international companies with a presence at the global level. All the data have been extracted from the Thomson Reuters database. The analysis was performed using structural equation modeling implemented with partial least squares. The results confirm the positive relationship between the construct composed of environmental, social, and governance (ESG) indicators and the aforementioned financial ratios. Additionally, a positive relationship of the controversy indicator with Tobin’s Q is supported. This suggests that the pharmaceutical multinationals focus their investments in sustainability on ESG and pay attention to controversies to boost the visibility of the company and thus increase its value. These conclusions confirm that investing in ESG is a profitable strategy. It is also relevant for managers as it increases the profits and the market value of multinational pharmaceutical companies.

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Maghool, Ali. "Investigation the Impact of Financial performance indicators on Dividend Policy." Global Journal of Business, Economics and Management: Current Issues 6, no. 1 (October 25, 2016): 02. http://dx.doi.org/10.18844/gjbem.v6i1.379.

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AbstractThis paper aims to study the effect of Financial performance indicators on the dividend policy among companies listed on the Tehran Stock Exchange. The statistical sample includes 91 companies between 2008 and 2012. Dividend policy was considered a dependent variable, independent variables were economic value added, market value added, return on assets, and market to book value ratio, and control variables included company size and systematic risk. In the theoretical principles part, data were gathered through library method, and in the part of hypothesis tests, data were collected from financial statements and the Tehran Stock Exchange Website. Data were then examined in a multiple regression analysis and a correlation test. Results showed that Financial performance indicators indicators are direct and significant effects on dividend policy.Keywords: Dividend Policy, Financial performance indicators, Economic Value Added, Market Value Added, Return on Assets

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Journal articles on the topic 'Indicators of financial performance'

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