Search results for "Financial indicators"

Operational and financial performance of Italian airport companies: A dynamic graphical model

2016

Abstract This paper provides evidence on the relationship within a set of financial and operational indicators for Italian airports over 2008–2014. The limited sample size of national and regional airports suggests to apply the penalised RCON ( V , E ) model, which falls within the class of Gaussian graphical models. It provides both estimate and easy way to visualise conditional independence structures of the variables. Moreover, it is particularly suitable for handling longitudinal data where small number of units and huge number of variables have been collected. Findings highlight that a qualified concept of size matters in determining good financial performance. Specifically, increasing…

SOME CONSIDERATIONS ON THE RELATIONSHIP BETWEEN UNIVERSITY STRATEGIES AND FINANCIAL INDICATORS

2010

A very important role in establishment and foundation the activities of a university is strategies and policies developed by management authorities. Through this article we identify the relationship between the components of university strategy and financial indicators, taking into account that financial projections are those that can affirm or overturn the objectives. In this respect, the article is structured in such a way that could provide answer to questions like: What kind of university strategy must be adopted to insure academic success? What is the premises development strategy, as requirements for success in university management? What financial indicators can influence the compone…

FINANCIAL RISKS – A CASE STUDY FOR AUTOMOTIVE INDUSTRY

2013

In general, financial risks – from operational risk to bankruptcy risk, are important distress for companies from every sector or industry. In this paper we try to measure the financial risk for the most important eight companies that activate in automotive industry. We propose a model in order to evaluate financial risk, by using discriminate analysis, which integrate five of the most important financial indicators: current ratio, return on investment, debt to equity, total assets turnover, working capital to total assets. Based on these results the rank will be very different beside the Global Fortune 500 rank that evaluates company only by the level of revenue.

Legislative basis for corporate social responsibility reporting

2014

Economic comparison between offshore and inshore aquaculture production systems of European sea bass in Italy

2014

Abstract Offshore production system is predicted to increase in the near future driven by the lack of coastal space and lower environmental impacts. The aim of this paper has been to evaluate the economic performance of offshore production system respect to inshore one, by comparing net present value (NPV), discounted payback time (DPBT) and internal rate of return (IRR) of two Italian mariculture farms that produce European sea bass. Results showed a better economic profitability of offshore farm, even if sensitivity analysis revealed that financial indicators of both aquaculture production systems have been very sensitive to market condition changes. So, offshore production system could r…

The Balanced Scorecard as a Knowledge Management Tool: A French Experience in a Semi-Public Insurance Company

2008

International audience; In this paper we present the Balanced Scorecard, a Strategic Control tool, which is quite famous all around the world and in the European countries. Its principle objective is to articulate planning decisions with control ones thanks to non-financial indicators. The Strategic Control and the Agency Theories constitute the foundation of this tool. But in Northern Europe, some specific Balanced Scorecard have been designed in the framework of the Knowledge Management Theory. To work, the Balanced Scorecard needs a sophisticated information system support. Using two theoretical backgrounds, the Strategic Control approach and the Knowledge Management Theory, we analyse t…

Theoretical and Empirical Research regarding the Performance of Financial Investment Companies based on Accounting Information

2016

Esta tesis examina el rendimiento de las empresas de inversión financiera y su condicionamiento al riesgo de los instrumentos financieros. La intención y contribución de esta tesis es ofrecer una visión más amplia y coherente de la evaluación del riesgo. En concreto, exploramos el impacto que tiene el riesgo derivado de los instrumentos financieros sobre las empresas de inversión financiera a través de tres modelos específicos. Abordamos esta investigación mediante un análisis de carácter teórico y empírico. En relación al enfoque teórico, mostramos las cuestiones relativas a los instrumentos financieros en el marco internacional en los últimos 30 años. En particular, los conceptos fundamen…

Les motivations des managers utilisant des critères non financiers : une analyse empirique

2008

We test the motives expressed by the managers to use the non-financial indicators so that the performance of the fi rm would increase. Is that really the main reason explaining the choice of the non-financial indicators ? Our study is based on a theoretical research distinguishing the Knowledge-based perspective from the Contractual one. Is that distinction relevant ? Within this framework, is it possible to discriminate firms types according to their use of the nonfinancial indicators ?

COMPLEX ANALYSIS OF COMPANY BANKRUPTCY FORECASTING: THEORETICAL INSIGHT

2018

In modern conditions for dynamic and competitive businesses, more and more companies face financial problems and eventually go bankrupt. A noteworthy trend: not only new companies that have not yet managed to establish themselves in the market go bankrupt but also large companies operating for years and maintaining good traditions. Bankruptcies of companies cause many problems not only for the companies themselves but also for the state and many members of society. Thus, it is crucial to evaluate the financial state of a company and its activity results as accurately and early as possible when forecasting the possibility of a bankruptcy. The paper recommends a complex analysis methodology f…