Academic literature on the topic 'Non-financial performance indicators'
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Journal articles on the topic "Non-financial performance indicators"
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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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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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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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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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Kumar, Nripendra, and Kunal K. Ganguly. "Non-financial e-procurement performance measures." International Journal of Productivity and Performance Management 70, no. 1 (March 10, 2020): 41–64. http://dx.doi.org/10.1108/ijppm-07-2019-0353.
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PurposeThe purpose of this research paper is to identify the non-financial e-procurement performance measures and find out whether these non-financial performance measures are leading indicator of impact on firm financial performance by adoption of e-procurement in terms of reduction in production cost.Design/methodology/approachThe research model has been tested with the data collected from target procurement professionals in India. Structural equation modelling has been used for testing conceptual model hypotheses including mediation. The phantom model approach for testing multiple mediators has deployed.FindingsThe present empirical study found that non-financial performance measure of e-procurement, namely, transparency, coordination, efficiency and effectiveness are leading indicators of the impact of e-procurement adoption on production cost. This paper suggests that managers should try to design the e-procurement platform or opt for third party platform which reduces transaction cost to a minimum for enhanced coordination, work on transparency policy with maximum disclosure of information for enhanced transparency and ask for a fast and responsive system for enhanced efficiency and effectiveness.Originality/valueThis study, first time, attempted to identify non-financial performance measures of e-procurement and tried to understand how these intermediate non-financial performance measures impact the firm financial performance. The interdependence of non-financial performance measures has also been explored, and the research model has been developed to empirically examine the interdependence of these financial measures and its impact on production cost.
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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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Yudhaningsih, Ni Made, and Anak Agung Elik Astari. "LITERATUR REVIEW KINERJA ORGANISASI KINERJA FINANCIAL DAN NON FINANCIAL." Jurnal Ilmiah Satyagraha 3, no. 2 (August 20, 2020): 127–39. http://dx.doi.org/10.47532/jis.v3i2.176.
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Some previous studies that improve performance use different indicators or dimensions and to date cannot be improved. Literature reviews are made to review organizational resolutions rather than prior research, evaluating, categorizing, and analyzing critical instruments used to improve organizational performance. After considering the literature on new product sizes, ask for three dimensions to determine the level of new products, namely financial criteria, customer criteria and opportunity criteria.
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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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Dokulil, Jiří, Boris Popesko, and Kateřina Kadalová. "Impact of Non-financial Performance Indicators on Planning Process Efficiency." International Advances in Economic Research 27, no. 4 (November 2021): 329–31. http://dx.doi.org/10.1007/s11294-022-09836-9.
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Mutiarni, Rita, Ubud Salim, Eko Ganis Sukoharsono, and Mintarti Rahayu. "NEW OUTLOOK FOR SHARIA COOPERATIVE PERFORMANCE MEASUREMENT IN INDONESIA." Eksis: Jurnal Riset Ekonomi dan Bisnis 16, no. 2 (June 30, 2022): 83–92. http://dx.doi.org/10.26533/eksis.v16i2.962.
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Cooperatives are one of the supporters of the economy in Indonesia, but unfortunately, so far the development of cooperatives in Indonesia, especially sharia cooperatives, is still not good. This is based on a report issued by the office of cooperatives and micro, small and medium enterprises in Indonesia which states that the development of cooperatives in Indonesia is still slow. This can be seen from the financial statements of cooperatives which are used as indicators by the government to measure the performance of cooperatives, especially sharia cooperatives. This paper provides a new perspective to measure the performance of cooperatives, not only from financial indicators but also from non-financial indicators. This is because cooperatives are not purely business organizations to seek profit from their business activities, but also have a social mission for the stakeholders in the cooperative.
Keywords: new outlook, measurement, cooperative, sharia, non-financial indicator.
Dissertations / Theses on the topic "Non-financial performance indicators"
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Phan, Lan. "Voluntary Disclosure of Non-Financial Key Performance Indicators during Earnings Releases." Scholarship @ Claremont, 2019. https://scholarship.claremont.edu/cmc_theses/2221.
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Almost two decades after the burst of the Dot-com bubble, investors are opinionated as to whether a new technology bubble has formed in the equities market. Similar to the late 1990's and early 2000's, many Internet firms today go through initial public offering without yet turning over a dollar of earnings, but boast certain revenue-associated performance metrics to investors promising of future success. However, investors are known to hold sentiments sensitive to earnings announcements (Seok, Cho & Ryu, 2019) and reward firms which meet or beat earnings with higher stock returns (Bartov, Givoly & Hayn, 2002). That raises a question on the content of earnings announcements: Besides earnings and cash flow, are there other factors that may influence investor decisions to trade some Internet stocks?
My primary hypothesis is that the voluntary disclosure of specific non-financial key performance indicators (NFKPI) during earnings announcement by Internet firms influences the investors' investing/trading decisions. My motivation for this research is to understand better whether there is a strategic element in the voluntary disclosure of NFKPI in Internet companies and how it may impact investors' decisions. The results could be useful to firms in their evaluations of whether to release NFKPI or similar information and to equity research analysts as well as investors in measuring their expectations and valuations of the firms' stocks. The intention of the study is not to generalize the findings to the full market, as the number of companies with the practice of voluntary disclosure of NFKPI is comparatively few compared to those without the practice. Instead, this study examines the effects of NFKPI on the stock returns of those companies which choose to disclose it.
I use event study methodology to test the statistical significance of disclosure of NFKPIs during earnings announcements. By controlling for earnings surprise and other meaningful financial ratios, I also examine how the signaling effect of NFKPI could be distinguished from the signaling effects of important information concurrently released during earnings announcements. I focus on two types of NFKPI within the Internet industry: Gross Bookings for online booking agency services and Daily Active Users for social media. As earnings reports and quarterly filings often do not necessarily come together on the same date, I hand-collected data to estimate the surprise effect of NFKPI per earnings announcement, by using available broker forecasts of the respective NFKPI as a proxy for the investor's NFKPI expectation.
The results show that while revenue surprise remains consistently the most influential variable to investors, NFKPI Surprise has a positive, statistically significant relationship with the firm's abnormal returns. Additionally, despite being insignificant when expected earnings is beat or in line with consensus, NFKPI Surprise is found statistically significant with a positive relationship to abnormal returns when expected earnings is missed. In line with existing research on management's motivation to prevent negative earnings surprises (Matsumoto, 2002), these findings imply that if firms could employ the voluntary disclosure of NFKPI to manipulate investors' impression and to cushion their stock prices against potential negative market reactions when earnings is missed.
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Elzahar, Hany. "Determinants and consequences of Key Performance Indicators (KPIs) reporting by UK non-financial firms." Thesis, University of Stirling, 2013. http://hdl.handle.net/1893/19767.
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The study examines the level of quantity and quality of Key Performance Indicators (KPIs) reporting for a sample of FTSE 350 UK listed companies over the period (2006-2010). Furthermore, it identifies the determinants of KPIs reporting and investigates its impact upon firm value. Based upon the guidance of the best practice recommended by the Accounting Standard Board (2006), the study develops a measure of disclosure quality by considering the main qualitative attributes of information which, arguably, makes KPIs information more useful to stakeholders. The distinction between disclosure quantity and quality in the study enables the researcher to get greater insights into the drivers and implications of KPIs reporting quantity and quality. The study finds a variation between UK firms in the number of KPIs disclosed with a notable low level of reporting quality, especially for non-financial KPIs. It also finds that corporate governance mechanisms play an important role in improving KPIs reporting. In particular, it shows that directors’ compensations affect the quantity and quality of KPIs disclosure. Furthermore, the study provides evidence that quantity and quality of KPIs disclosure are not derived by the same factors, and both have different impacts on firm value. Whereas, the study finds a negative association between the numbers of KPIs disclosed and firm value, a non-significant relationship is reported between KPIs reporting quality and firm valuation. Overall, this study provides evidence that disclosure quantity is not a good proxy for disclosure quality.
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Ersson, Sofi. "Indicators in Action : Development, Use and Consequences." Doctoral thesis, Uppsala : Företagsekonomiska institutionen, Uppsala universitet, 2007. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-8336.
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Svensson, Sofie, and Kristine Mezaraupa. "Nyckeltal inom ideella föreningar – En fallstudie av Friskis&Svettis." Thesis, Högskolan i Borås, Akademin för textil, teknik och ekonomi, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:hb:diva-8860.
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Bakgrund: Ideella föreningar har inte som mål att maximera sin vinst, därmed går varje intjänad krona tillbaka till verksamheten och dess medlemmar. Trots det kan de ideella föreningarna inte gå med förlust och de måste generera intäkter för att förbättra verksamheten och för att säkerställa sin framtida ställning. Nyckeltal används som hjälpmedel för att få en överskådlig bild av en organisations hälsa och utveckling. Nyckeltalen fokuserar på de aspekter som är mest kritiska för en organisations nuvarande och framtida framgång. Dessa syftar till att underrätta gällande vilka handlingar som behöver genomföras för att öka prestationen inom en verksamhet.Syfte: Studien syftar till att utöka förståelsen för nyckeltal inom ideella föreningar. Vi har valt att studera fallet Friskis&Svettis.Design/metod: I studien används ett abduktivt synsätt, vilket innebär att en induktiv och deduktiv ansats har kombinerats. Undersökningen baseras på en kvalitativ metod, där vi har intervjuat informanter från sex olika Friskis&Svettis föreningar. Empirin analyseras mot tidigare forskning inom det studerade området för att skapa bättre förståelse för resultatet.Resultat: Studiens resultat visar att Friskis&Svettis mission är att bedriva och erbjuda lustfylld och lättillgänglig träning för alla. Det kan urskiljas att missionen är densamma både på central som lokal nivå. Utifrån studien framkom det att de nyckeltal som fastställs centralt är inpasseringsstatistik och medlemsstatistik. Inpasseringsstatistik hjälper till att anpassa utbudet och därmed uppnå målet med att få fler i rörelse. Medlemsstatisk visar vidare hurvida man lyckas med målet och kan användas som ett verktyg för att utvärdera och följa upp verksamheten. De nyckeltal som används lokalt är inpasseringsstatistik, medlemsstatistik, kortförsäljning, likviditet, intäkt per medlem, medlemsnöjdhet samt soliditet. Dessa varierar i mängd och användning mellan de lokala enheterna.Nyckeltal används som ett verktyg för att mäta huruvida målen uppnås. Vidare får uppfattningen att finansiella nyckeltal inte fyller en lika viktig roll för Friskis&Svettis då det inom verksamheten inte finns ett avkastningsmål. Finansiella nyckeltal inom Friskis&Svettis används därför främst för att säkerställa överlevnad. Det framgår även tydligt att dessa nyckeltal möjliggör åstadkommandet av de icke finansiella målen eftersom en god ekonomi hjälper till att förbättra verksamheten och öka medlemmarnas nöjdhet.Originalitet/Värde: Forskning som behandlar nyckeltal inom ideella föreningar är idag begränsad. Studiens resultat adderar mer kunskap inom ämnet som i framtiden kan användas för att utforska området ytterligare.Background: The goal for Non-profit organizations is not to maximize the profit, therefore every earned Krone goes back to the organization and their members. In spite of that the non-profit organizations cannot run at a loss and they have to generate revenues to be able to improve the organization and secure their future position. A key performance indicator is used as a tool to get a perspicuous picture of the health and development of the organization. The key performance indicators focus on the aspects that are most critical to an organization's current and future success. The purpose with these is to inform which actions that needs to be implemented to enhance the performance within an organization.Purpose: The aim of the study is to increase the understanding of key performance indicators in Non-profit organizations. We have chosen to study Friskis&Svettis, a Swedish Non-profit organization.Design/methodology/approach: This study uses an abductive approach, which means that we have combined an inductive and a deductive perspective. Research is based on a qualitative method where we have interviewed informants from six different Friskis&Svettis organizations. The empirical data is analyzed against the existing research in the field of study to increase the understanding of the findings.Findings: The results of the study indicate that the mission of Friskis&Svettis is to offer pleasurable and accessible training for everybody. The mission is the same both on central and local level. The study revealed that the KPIs, membership- and presence statistics, are the same and are set centrally. The presences statistics helps to adapt the supply and thereby achieve the goal to get more people in motion. Membership statistics shows whether you succeed with the goal (or not) and can be used as a tool to follow-up and evaluate the organization. The KPIs that are used locally are membership statistics, presence statistic, card sales, liquidity, revenue per member, member satisfaction and solidity. These KPIs vary in number and use in the local units.KPIs are used as a tool to measure how the goals are achieved. Furthermore, the notion is that the financial indicators do not fill an equally important role in Friskis&Svettis when the organization does not have return of investment targets. Financial indicators in Friskis&Svettis are therefore used mainly to ensure survival. It is also clear that these figures enable the realization of the non-financial targets because a good economy helps to improve operations and increase member satisfaction.IIIOriginality/value: The knowledge about key performance indicators in Non-profit organizations is today limited. The findings of the study add knowledge about the subject that can be used in the future for further research.
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Bosnjak, Anna, Petter Booberg, and Anders Eriksson. "När rätt blir fel : En studie av förbudet mot progressiva avskrivningar och konsekvenserna för bostadsrättsföreningar." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-279970.
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In this paper, we present the ban on progressive depreciation of housing associations in connection with the change to K-regulatory frameworks. Bokföringsnämnden (2014) stated that progressive depreciation was no longer allowed, and this study explores what kind of implications it had for the housing associations' income statements. Additional problems have been addressed by examining what effects it could have on the perception of that accounting must be based on giving a fair view (Artsberg, 2005), and whether stakeholders can access and interpret this financial information (Burks, 2015). Based on theories that consider that a similar framework is not appropriate for housing associations and non-profit organizations, as for profit driven companies, we have used this criticism on the matter (Burks, 2014; Torres and Pina, 2003). We have also taken into consideration why Bokföringsnämnden decided to prohibit the depreciation method. The empirical study focuses on examining twenty newly constructed housing associations annual reports from 2012 to 2014 to see whether they have had to change their depreciation method, and if this in turn has had an influence on their results, and if this has led to changes in their annual report. The end result of this study is based on a quantitative research which shows that a change has occurred in housing associations' income statements. 95 percent of the sample reported a loss in 2014, while in 2012 only 5 percent showed negative results. In a combined analysis of the use of literature and empirical data, there are clear indications that there is a requirement for new regulatory alternative templates for housing associations to report financial information if they are to present a fair view and enable comparison between associations.
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Neff, John E. "Cultural Factors: Entrepreneurial Orientation or Not-Here Comes Innovation in Small to Medium Sized Enterprises." Case Western Reserve University Doctor of Management / OhioLINK, 2011. http://rave.ohiolink.edu/etdc/view?acc_num=casedm1568628518748942.
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Silva, João Marcelo dos Santos. "Desempenho de empresas brasileiras de aviação civil: uma análise das relações entre indicadores financeiros e não financeiros." Universidade do Vale do Rio dos Sinos, 2016. http://www.repositorio.jesuita.org.br/handle/UNISINOS/5441.
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Esta dissertação busca analisar a relação existente na avaliação de desempenho medida por meio de indicadores não financeiros e indicadores financeiros de empresas do setor aéreo brasileiro. A pesquisa realizada é do tipo aplicada, com abordagem quantitativa com análise documental. Para atender aos objetivos, foram realizadas a correlação de Pearson e a regressão dinâmica. A pesquisa teve como amostra as empresas TAM, GOL e AZUL que juntas atenderam mais de 90% do mercado doméstico de aviação civil em 2013. O período pesquisado é de 2002 até 2013 para TAM e GOL. A AZUL, fundada em 2008, teve os dados pesquisados do ano de sua fundação até 2013. A coleta de dados foi realizada nos sites da ANAC e da CVM. Os resultados das correlações sugerem haver uma relação entre os indicadores não financeiros com a imobilização e o endividamento da GOL. Porém, há uma relação negativa de todos os indicadores não financeiros com os indicadores de margem e rentabilidade para TAM e GOL, ao contrário do que foi encontrado para a AZUL. Os resultados da regressão dinâmica mostram que não foi possível explicar a relação entre os indicadores não financeiros com os indicadores de rentabilidade. Contudo, foi encontrada relação com baixo poder de explicação de todos os indicadores não financeiros com os indicadores de participação de capital de terceiros da TAM e GOL e de endividamento bancário para esta última companhia. Portanto, o desempenho operacional (não financeiro) das companhias aéreas brasileiras TAM e GOL cresceu substancialmente no período pesquisado, mas não foi suficiente para melhorar o desempenho dos indicadores de rentabilidade e, além disso, ampliou o endividamento das empresas. Alguns dos fatores que contribuíram para o baixo desempenho da rentabilidade são: as variações cambiais do dólar americano em relação à moeda brasileira, os custos elevados com combustíveis, a diminuição das receitas por ASK maior que as reduções dos custos operacionais e a elevação de despesas financeiras. Além disso, há a dificuldade em repassar o aumento de custos no preço de comercialização dos bilhetes.
This research seeks to analyze the relationship in the performance evaluation measured by non-financial indicators and financial indicators of companies in the Brazilian airline industry. The survey is the kind applied with a quantitative approach with document analysis. To meet the objectives, we conducted Pearson's correlation and dynamic regression. The research’s sample are the TAM, GOL and AZUL companies that together treated more than 90% of the domestic civil aviation market in 2013. The studied period is from 2002 to 2013 for TAM and GOL. Founded in 2008, AZUL had researched the data of the year of its foundation until 2013. Data collection was carried out on the sites of ANAC and the CVM. The results of the correlations suggest the existence of a relationship between non-financial indicators with the immobilization and the indebtedness of GOL. But there is a negative relationship of all non-financial indicators with margin and profitability indicators for TAM and GOL, contrary to what was found for AZUL. The results of dynamic regression show that it was not possible to explain the relationship between the non-financial indicators with profitability indicators. However, it was found a relationship with low explanatory power of all non-financial indicators with non-capital participation indicators of TAM and GOL and bank debt to the latter company. Therefore, the (non-financial) operating performance of the Brazilian airlines TAM and GOL grew substantially in the period surveyed, but it was not enough to improve the performance of profitability indicators and additionally increased the indebtedness of companies. Some of the factors that contributed to the poor performance of profitability are: the exchange variation of the US dollar against the Brazilian currency, high fuel costs, the decrease in revenues per ASK greater than the reductions in operating costs, and higher financial expenses. Furthermore, there is a difficulty in passing the cost increase to the sales price of the tickets.
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Stafström, Anna, and Josefin Lundberg. "Standardiserad modell för prestationsmätning inom en koncern : En fallstudie på Emballator Plastics & Innovations AB." Thesis, Linnéuniversitetet, Institutionen för ekonomistyrning och logistik (ELO), 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-54523.
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Bakgrund: Prestationsmätning utgör ett grundfundament i ekonomistyrning och avser styra i riktning mot långsiktiga mål. Vidare bör prestationsmätningen vara sprungen ur såväl långsiktiga mål som strategier där det på koncernnivå är av vikt att kongruens råder mellan moder- och dotterbolag. Vid utformning av en standardiserad modell för prestationsmätning måste hänsyn tas till rådande organisationsstruktur och företagsunika förutsättningar. Representerade mätetal avser påvisa kritiska områden med förhoppning att vidareutveckla verksamheten. Problemdiskussion: Koncernen Emballator Plastics & Innovations utgör tillsammans med underliggande dotterbolag ett konglomerat med koncerngemensam lean-strategi. Koncernen erhåller på månadsbasis rapporter över dotterbolagens prestationsmätning vilka upprättats utan direktiv ifrån koncernen och därmed är av särskiljande karaktär. Ett behov har uppkommit att låta standardisera en modell för prestationsmätning som samtliga dotterbolag kan nyttja för att enklare kunna skapa en övergripande bild över dotterbolagens prestationer. Prestationsmätningsmodellen skall vara standardiserad men samtidigt inte förbise företagsspecifika förutsättningar detta för att tillföra nytta på såväl koncern- som dotterbolagsnivå. Syfte: Denna studie syftar att utveckla en standardiserad prestationsmätningsmodell till Emballator Plastics & Innovations, vilken tar hänsyn till koncernens konglomerat och lean-strategi. Utvecklad prestationsmätningsmodell ämnar skapa en övergripande bild samt tillföra nytta på såväl moder- som dotterbolagsnivå. Metod: Detta är en fallstudie med kvalitativ ansats. Tillvägagångssätt för analys har varit av deduktiv karaktär där den teoretiska grunden i huvudsak baseras på vetenskapliga artiklar. Insamling av empiriskt material har erhållits via dokument samt intervjuer av övervägande semistrukturerad karaktär. Respondenter innefattar verkställande direktörer på koncern- liksom dotterbolagsnivå. Slutsats: Kongruens mellan långsiktiga mål och strategier på Emballator Plastics & Innovations och underliggande dotterbolag har identifierats. Med anledning av identifierad kongruens har förutsättningar funnits att utforma en standardiserad prestationsmätningsmodell. Väsentliga mätetal har utkristalliseras i avseende att skapa en övergripande bild över dotterbolagens prestationer. Modellens utformning främjar konglomeratet.Background: Performance measurement is a basic foundation in financial management and control, where the intention is to fulfill long-term objectives. Performance measurement should therefore be developed with consideration to long-term objectives and strategies. Consequently, there is a need of congruence between the parent- and subsidiary level. When developing a standardized model for performance measurement, the current organizational structure and conglomerate needs to be considered. Represented key performance measurement aim to demonstrate the critical areas with the intention to influence improvements within the corporation. Problematization: Emballator Plastics & Innovations, is a composition of underlying subsidiaries, characterized of conglomerate and lean-strategy. The corporation receives monthly reports of the subsidiaries’ performance measurement, which have been constructed without directives from the corporation and this resulted in reports of distinctive character. Consequently, the need of a standardized model of performance measurement with the aim to easier receive a comprehensive picture of the subsidiaries' overall performance has arisen. However, the remaining problem is how to develop a standardized performance measurement model, which is beneficial for both parent- and subsidiary level, without ignoring the conglomerate. Purpose: This study aims to develop a standardized performance measurement model to Emballator Plastics & Innovations, where the corporations conglomerate and lean- strategy is taken into account. The developed performance measurement model intends to create an overall picture and bring benefits to both parent- and subsidiary level. Methodology: This is a case study with a qualitative approach. Procedure for analysis has been of deductive character where the theory is mainly based on scientific articles. Collection of empirical data has been obtained through documents and interviews with semi-structured character. Respondents include chief executives at parent- and subsidiary level. Conclusion: Congruence between long-term objectives and strategies at Emballator Plastics & Innovations and subsidiaries has been identified. Regarding to the identified congruence, potentials to develop a standardized performance measurement model have been secured. Significant key performance measurements have been detected, this with aim to receive an overall picture of the subsidiaries' performance. Finally, the design of the model has been designed in consideration of the conglomerate.
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Pescarmona, Adriano. "Manufatura enxuta e desempenho de negócio." Universidade Presbiteriana Mackenzie, 2011. http://tede.mackenzie.br/jspui/handle/tede/530.
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Previous issue date: 2011-09-01Lean Manufacturing (LM) is a concept originated from the introduction of Toyota Production System (TPS), when the Japanese manufacturer, since the 1980s, became a global reference in the application of IPM due to the success of the adopted production model. Successfully applied to companies in various areas, the LM is studied by researchers worldwide, but in Brazil studies are required on the subject. This form of management discussion brings to the quest for simplicity, ie, elimination of waste, establishment of flow processes and proximity to customer and market. On this basis, the aim was to provide input to clarify the answer to question: the use of the LM system has direct relationship with business performance? This research also sought help to expand knowledge about the LM and find subsidies in the corporate environment so they can better understand the impacts of this management system in business performance. Accordingly, the aim is also to verify the need for non-financial variables as intermediate between the use of LM and business performance. To this end, we carried out a research project in two stages. The first step was an exploratory nature, where we seek, through interviews with professionals, to determine elements that characterize the LM and also validate the non-financial indicators and business performance that would be used in the study. In the second step a field survey was applied to managers involved with management and implementation of LM elements. The data collected in the first stage were treated by the content analysis and contributed to the formation of the elements that characterize the LM and validate the constructs. The data coming from the second stage went through factor analysis and development of structural equation to study the relationships between the constructs LM, non-financial indicators and business performance. Results show a valid relationship between elements of LM and non-financial indicators and business performance. Also found that the non-financial indicators exert relevant intermediary between the elements of LM and business performance. It was also noted the high importance that factors such as waste elimination and the establishment of flow have in LM. Among the findings, beyond the positive aspects, there is, in our sample, lack of awareness of the effect of managers actions in business performance due to the distance between their actions with guidelines to business arising from the focus on short term and the gap on training of managers.
Manufatura Enxuta (ME) é um conceito que nasceu com a implantação do Toyota Production System (TPS), quando a montadora japonesa, a partir da década de 1980, tornou-se referência mundial na aplicação desse tipo de gestão em razão do sucesso do modelo de produção adotado. Aplicada com sucesso em empresas de diversas áreas, a ME é estudada por pesquisadores no mundo todo, mas no Brasil ainda há necessidade de pesquisa sobre o assunto. Essa forma de gestão traz à discussão a busca da simplicidade, isto é, eliminação de desperdício, estabelecimento de fluxo nos processos e proximidade com cliente e mercado. Com base nesses elementos, o objetivo deste trabalho foi apresentar contribuições para elucidar a resposta à pergunta: o emprego do sistema de ME tem relação direta e positiva com o desempenho de negócio? Esta investigação buscou também contribuir para alargar o conhecimento sobre a ME e encontrar subsídios no ambiente corporativo para que se possam conhecer os possíveis impactos desse sistema de gestão no desempenho de negócio. Nesse sentido, pretendeu-se também verificar a necessidade de variáveis não-financeiras como intermediárias entre emprego de ME e desempenho de negócio. Para tanto, realizou-se um trabalho de pesquisa em duas etapas. A primeira etapa teve natureza exploratória, onde se buscou, por meio de entrevistas em profundidade com profissionais, determinar elementos para caracterizar a ME e também validar os indicadores não-financeiros e de desempenho de negócio utilizados no estudo. Na segunda etapa foi aplicada pesquisa de campo com questionários enviados a gestores envolvidos na gestão e implantação de elementos de ME. Os dados coletados na primeira etapa foram tratados pela análise de conteúdo e contribuíram para a constituição dos elementos caracterizadores da ME e para validar os constructos. Os dados procedentes da segunda etapa passaram por análise fatorial e desenvolvimento de equações estruturais para estudar as relações entre os constructos ME, indicadores não-financeiros e desempenho de negócio. Pelos resultados obtidos, verificou-se relação válida entre elementos de gestão de ME e indicadores não-financeiros e desempenho de negócio. Também se observou que os indicadores não-financeiros exercem relevante intermediação entre os elementos de ME e desempenho de negócio, constatando-se a elevada relevância que fatores como eliminação de desperdício e estabelecimento de fluxo têm na ME. Entre as conclusões, além dos aspectos positivos, destacou-se, na amostra estudada, a falta de percepção do efeito das ações dos gestores no desempenho de negócio em razão do distanciamento entre as ações destes profissionais com as diretrizes de negócio decorrentes do foco no curto termo e deficiências na formação desses gestores.
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Silva, Inês Soares de Carvalho e. "Antecedentes ambientais e organizacionais na adoção de indicadores de controlo estratégico não financeiros." Master's thesis, Instituto Superior de Economia e Gestão, 2013. http://hdl.handle.net/10400.5/11356.
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Mestrado em Ciências EmpresariaisCom o intuito de garantir uma otimização dos recursos associados à tomada de decisões por parte da gestão, é crucial que as organizações adotem sistemas que traduzam uma correta avaliação daquele que é o seu desempenho. De acordo com a teoria contingencial, a seleção do sistema de avaliação de desempenho mais adequado resulta de um ajustamento da organização a um conjunto de fatores contingenciais. Tendo por base uma perspetiva contingencial, o presente estudo pretende analisar a relação existente entre a conceção dos sistemas de avaliação de desempenho estratégico e as características contingenciais da organização. Mais concretamente, pretende-se identificar de que forma, três variáveis, incerteza ambiental, customização e descentralização, influenciam a adoção de indicadores de gestão não financeiros nas empresas nacionais. Vários estudos têm sido desenvolvidos no âmbito dos Sistemas de Avaliação de Desempenho Estratégicos, maioritariamente, centrados no Balanced Scorecard enquanto ferramenta de formulação da estratégia. Contudo, poucos são os estudos que relacionem, especificamente, indicadores não financeiros e fatores contingenciais. Os resultados dos questionários realizados a 124 empresas portuguesas, sugerem que a descentralização e a incerteza ambiental têm uma relação positiva e negativa, respetivamente, com a adoção de indicadores não financeiros por parte das empresas portuguesas.
In order to ensure an optimization of the resources associated with management decisions, it is crucial that organizations adopt systems that translate a correct evaluation of their performance. According to contingency theory, the selection of the most suitable performance measurement system is a result of a fit between the organization and a group of contingency factors. Based on a contingency perspective, this research aims to analyze the relation between the design of strategic performance measurement systems and firm?s contingency characteristics. More precisely, the purpose is to identify how three variables, uncertain environment, customization and decentralization, influence the adoption of non financial indicators in national companies. Several studies have been developed in the scope of Strategic Performance Measurement Systems, mostly, centered on Balanced Scorecard as an instrument for strategy formulation. However, there are few studies that establish a relation between non financial indicators and contingency factors. The results suggest that decentralization and uncertain environment have a positive and negation effect, respectively, on the adoption of non financial indicators by Portuguese companies.
Books on the topic "Non-financial performance indicators"
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Lothian, Niall. Measuring corporate performance: A guide to non-financial indicators. London: Chartered Institute of Management Accountants, 1987.
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Nolan, Brian, ed. Generating Prosperity for Working Families in Affluent Countries. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198807056.001.0001.
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This book addresses the central challenge facing rich countries: how to ensure that ordinary working families see their living standards and the prospects for their children improve rather than stagnate over time. It presents the findings from a comprehensive analysis of performance over recent decades across the rich countries of the OECD, in terms of real income growth around and below the middle. It relates this performance to overall economic growth, exploring why these often diverge substantially, and to the different models of capitalism or economic growth embedded in different countries. In-depth comparative and UK-focused analyses also focus on wages and the labour market and on the role of redistribution. Going beyond income, other indicators and aspects of living standards are also incorporated including non-monetary indicators of deprivation and financial strain, wealth and its distribution, and intergenerational mobility. By looking across this broad canvas, the book teases out how ordinary households have fared in recent decades in these critically important respects, and how that should inform the quest for inclusive growth and prosperity.
Book chapters on the topic "Non-financial performance indicators"
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Raucci, Domenico, Lara Tarquinio, Daniela Rupo, and Salvatore Loprevite. "Non-financial Performance Indicators: The Power of Measures to Operationalize the Law." In Sustainability and Law, 275–91. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-42630-9_15.
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Consoli, Sergio, Luca Tiozzo Pezzoli, and Elisa Tosetti. "Information Extraction From the GDELT Database to Analyse EU Sovereign Bond Markets." In Mining Data for Financial Applications, 55–67. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-66981-2_5.
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AbstractIn this contribution we provide an overview of a currently on-going project related to the development of a methodology for building economic and financial indicators capturing investor’s emotions and topics popularity which are useful to analyse the sovereign bond markets of countries in the EU.These alternative indicators are obtained from the Global Data on Events, Location, and Tone (GDELT) database, which is a real-time, open-source, large-scale repository of global human society for open research which monitors worlds broadcast, print, and web news, creating a free open platform for computing on the entire world’s media. After providing an overview of the method under development, some preliminary findings related to the use case of Italy are also given. The use case reveals initial good performance of our methodology for the forecasting of the Italian sovereign bond market using the information extracted from GDELT and a deep Long Short-Term Memory Network opportunely trained and validated with a rolling window approach to best accounting for non-linearities in the data.
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Ivankovič, Gordana, and Mateja Jerman. "PERFORMANCE MEASUREMENT SYSTEM: A BENCHMARKING SYSTEM OF THE SLOVENE AND CROATIAN HOTELS." In 5th International Thematic Monograph: Modern Management Tools and Economy of Tourism Sector in Present Era, 317–32. Association of Economists and Managers of the Balkans; Faculty of Tourism and Hospitality, Ohrid, North Macedonia, 2020. http://dx.doi.org/10.31410/tmt.2020.317.
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The paper presents a performance measurement system that was developed with the aim to provide a useful benchmarking tool for Slovene and Croatian hotels. Financial results of Slovene and Croatian hotels show that there is room for improvements. That is why the necessity to develop a performance measurement system emerged. The paper presents the development process of this performance measurement system and the theoretical background of selected measures that are included in the system. This system includes both financial and non-financial indicators of performance. Financial indicators are based on USALI standards for the lodging industry, while non-financial indicators were developed based on a literature review. Non-financial indicators include information about guests, employees, and corporate social responsibility. The presented performance measurement system enables hotels to analyse their financial performance on a daily level, while non-financial indicators can be evaluated on a monthly and annual basis.
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Grover, Neha. "Performance Measurement." In Innovative Solutions for Implementing Global Supply Chains in Emerging Markets, 212–41. IGI Global, 2016. http://dx.doi.org/10.4018/978-1-4666-9795-9.ch015.
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The purpose of this chapter is to study what supply chain managers of a retail supply chain measure. In other words aim here to identify the key indicators for measuring retail supply chain performance. A qualitative approach is adopted. Published literature from refereed journals on supply chain performance measurement has been considered. Besides the need for organizations to adopt a holistic approach, firms remain focused on traditional financial measures (gross profit margin, Interest coverage, and debt and equity ratios). The chapter identifies key indicators for performance measurement and classifies them into four major categories: transport optimization, information technology optimization, inventory optimization and resource optimization. These key indicators are arranged precisely for retail industry. From a supply chain perspective, the non financial measures such as on-time delivery, training of employees, warehouse layout, etc. are also important aspects of measuring supply chain performance. Further research can be carried out to validate the relevance and applicability of identified indicators. The study can be further conducted to measure the interrelationships between the KPIs and their impact on financial performance of the firm. In this chapter the author attempts to identify the performance indicators specifically for retail supply chain. The identified measures are further categorized based on its operations.
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Popescu, Cristina Raluca G. "Analyzing the Impact of Green Marketing Strategies on the Financial and Non-Financial Performance of Organizations." In Green Marketing as a Positive Driver Toward Business Sustainability, 186–218. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-5225-9558-8.ch008.
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Green marketing strategies have the immense power of motivating both consumers and producers to get involved in saving the planet and, at the same time, to benefit from the potential of eco-friendly products while satisfying their needs. On one hand, this chapter reviews the theory on green marketing strategies, and on the other hand, it focuses on the manner in which organizations can obtain financial and non-financial performance with the aid of green marketing strategies mix. This study reports that intellectual capital factor plays a key role in discovering the optimum green marketing strategies mix, also placing natural capital among the notable capital factors that empower organizations' activities and strengthen their visibility on the marketplace. The quantitative and qualitative indicators that have been analyzed highlight the main economic, social, and environmental effects of business practices in Romania. The findings provide some interesting clues regarding the impact of intellectual capital and green marketing strategies on organizational performance.
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Popescu, Cristina Raluca G. "Analyzing the Impact of Green Marketing Strategies on the Financial and Non-Financial Performance of Organizations." In Research Anthology on Business Continuity and Navigating Times of Crisis, 202–26. IGI Global, 2022. http://dx.doi.org/10.4018/978-1-6684-4503-7.ch011.
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Green marketing strategies have the immense power of motivating both consumers and producers to get involved in saving the planet and, at the same time, to benefit from the potential of eco-friendly products while satisfying their needs. On one hand, this chapter reviews the theory on green marketing strategies, and on the other hand, it focuses on the manner in which organizations can obtain financial and non-financial performance with the aid of green marketing strategies mix. This study reports that intellectual capital factor plays a key role in discovering the optimum green marketing strategies mix, also placing natural capital among the notable capital factors that empower organizations' activities and strengthen their visibility on the marketplace. The quantitative and qualitative indicators that have been analyzed highlight the main economic, social, and environmental effects of business practices in Romania. The findings provide some interesting clues regarding the impact of intellectual capital and green marketing strategies on organizational performance.
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Smith, Alan D. "Operational Strategies Associated with RFID Applications in Healthcare Systems." In RFID Technology Integration for Business Performance Improvement, 199–217. IGI Global, 2015. http://dx.doi.org/10.4018/978-1-4666-6308-4.ch010.
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An effective information system is essential for a business or industry to be successful in today's highly competitive market. Perhaps the most compelling case for RFID-embedded technologies in the healthcare field has been increased efficiency in supply chain performance measurements, which generally consist of financial and non-financial indicators. Many research studies have assumed that these efficiency measures are transferrable in the medical services field. Such optimism is fuelled by the expectations that such supply chain measures will result in equally impressive results in the healthcare field. Although this transfer may be somewhat flawed and imperfectly applied, research has verified certain elements of operational optimism. There are still a number of technical, ethical, and legal issues or hurdles that surround RFID applications in the healthcare industry that must be successfully overcome. However, few can successfully argue against freeing hospital staff from the routine duties associated with traditional inventory so that they may be free to serve patients. With recent governmental regulations and the concern for increased access to universal medical care and its astronomical costs, these issues need to be addressed.
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Aurelian, Ionescu Constantin, Mihaela Denisa Coman, Liliana Paschia, Nicoleta Luminita Gudanescu Nicolau, and Sorina Geanina Stanescu. "Sustainable Economic Intelligence." In Advances in Business Strategy and Competitive Advantage, 117–43. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-1005-6.ch009.
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Sustainable economic intelligence, as a form of superior manifestation of an economy based on knowledge and innovation requires the management, quantification, monitoring, and reporting of non-financial information by economic entities (environmental issues, social and personnel aspects, respect the human rights and combating corruption) defined in relation to the average number of employees, total balance sheet, and net turnover. These elements, combined in the non-financial statements of economic entities, are decisive in achieving the transition to a sustainable global economy, combining profitability with social responsibility and environmental protection. The purpose of this scientific research is to achieve a systematization of the main non-financial performance indicators relevant to the activity of economic entities in Romania in order to favor sustainable economic growth and ensure transparency for stakeholders.
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Smith-Ditizio, Amber A., and Alan D. Smith. "Radio Frequency Identification Technologies and Issues in Healthcare." In Encyclopedia of Information Science and Technology, Fourth Edition, 5918–29. IGI Global, 2018. http://dx.doi.org/10.4018/978-1-5225-2255-3.ch515.
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One of the most compelling cases for RFID-embedded technologies in the healthcare field has been made by documenting increased efficiency in supply chain performance measurements, which generally consist of financial and non-financial indicators. The following chapter suggests that patient flows and safety are key measures of hospital operation efficiency. Process bottlenecks in hospitals can delay discharge times, and lead to higher costs and lower quality of service, which in turn affects the overall performance and business of the hospital. Hospitals have struggled to control costs, and RFID-embedded technologies should allow management to prioritize their technology spending and reduce total cost of suppliers and operational expenses.
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Smith-Ditizio, Amber A., and Alan D. Smith. "Radio Frequency Identification Technologies and Issues in Healthcare." In Advanced Methodologies and Technologies in Medicine and Healthcare, 439–51. IGI Global, 2019. http://dx.doi.org/10.4018/978-1-5225-7489-7.ch035.
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One of the most compelling cases for RFID-embedded technologies in the healthcare field has been made by documenting increased efficiency in supply chain performance measurements, which generally consist of financial and non-financial indicators. The chapter suggests that patient flows and safety are key measures of hospital operation efficiency. Process bottlenecks in hospitals can delay discharge times and lead to higher costs and lower quality of service, which in turn affects the overall performance and business of the hospital. Hospitals have struggled to control costs, and RFID-embedded technologies should allow management to prioritize their technology spending and reduce total cost of suppliers and operational expenses.
Conference papers on the topic "Non-financial performance indicators"
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Carraquico, Tânia. "QUALITY ASSURANCE IN UNIVERSITY-INDUSTRY COLLABORATIONS: FINANCIAL AND NON FINANCIAL PERFORMANCE INDICATORS." In 15th International Technology, Education and Development Conference. IATED, 2021. http://dx.doi.org/10.21125/inted.2021.2189.
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Chen, Gang, and Wendong Zhao. "Application Research of Non-financial Indicators in the Evaluation of Enterprise Performance." In 2020 International Conference on Modern Education Management, Innovation and Entrepreneurship and Social Science (MEMIESS 2020). Paris, France: Atlantis Press, 2021. http://dx.doi.org/10.2991/assehr.k.210206.022.
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Antunes, Marina, Pedro Mucharreira, Maria do Rosário Justino, and Joaquín Texeira. "THE RELEVANCE OF FINANCIAL AND NON-FINANCIAL INDICATORS TO ASSESS QUALITY AND PERFORMANCE OF HIGHER EDUCATION INSTITUTIONS (HEI)." In 13th International Technology, Education and Development Conference. IATED, 2019. http://dx.doi.org/10.21125/inted.2019.0723.
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Budinska, Simona, and Janka a. Taborecka-Petrovicov. "THE EFFECT OF MARKET ORIENTATION ON FINANCIAL VS. NON-FINANCIAL INDICATORS OF BUSINESS PERFORMANCE – COMPARISON OF MARKOR AND MKTOR APPROACH." In 2nd International Scientific Conference. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2018. http://dx.doi.org/10.31410/itema.2018.572.
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Nastasiea, Mirela. "MANAGEMENT OF NON-FINANCIAL KEY PERFORMANCE INDICATORS IN SMALL AND MEDIUM SIZED ENTERPRISES. �N EXPLORATORY STUDY." In 4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM2017. Stef92 Technology, 2017. http://dx.doi.org/10.5593/sgemsocial2017/15/s05.076.
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Sharp, J. V., G. Ersdal, and D. Galbraith. "Development of Key Performance Indicators for Offshore Structural Integrity." In ASME 2008 27th International Conference on Offshore Mechanics and Arctic Engineering. ASMEDC, 2008. http://dx.doi.org/10.1115/omae2008-57203.
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Key performance indicators (KPIs) are widely used to assess performance against targets, whether these be technical, environmental or financial. Offshore KPIs are used by both duty holders and regulators to assess the reliability of equipment and systems, often they relate to safety systems and the regulator’s interest relates to such systems. The most obvious KPIs include number of fatalities, fatal accident rate, lost time injury frequency and total recordable incident rate, as well as hydrocarbon release incident rates associated with maintaining safety. Many of the “non-headline” KPIs relate to systems that could be critical in the event of an accident and these are of great importance. However KPIs have not yet been developed for the performance of the offshore structural system. Performance standards are a requirement of current UK offshore legislation, although these again are more normally associated with fire and explosion. Since many offshore installations are now in the ageing phase performance measures are increasingly important. This paper described the background to developing KPIs for offshore structures, relating to aspects which are important for both safety and asset integrity. This has been achieved based on a hazard approach, which includes extreme weather, fatigue, corrosion and accidental damage. KPI’s need to be measurable and this aspect has been incorporated in their development. It is proposed that these KPIs will have significant use in providing a basis for measuring structural performance, particularly for ageing installations where a case for life extension needs to be made.
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Novićević Čečević, Bojana, Mirjana Jemović, and Jovana Milenović. "TRANSPARENCY OF FINANCIAL STATEMENTS AND COMPARATIVE ANALYSIS OF BANK LIQUIDITY, SOLVENCY AND PROFITABILITY INDICATORS IN THE REPUBLIC OF SERBIA AS AN INDICATOR OF BANK PERFORMANCE MEASUREMENT." In 5th International Scientific Conference – EMAN 2021 – Economics and Management: How to Cope With Disrupted Times. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2021. http://dx.doi.org/10.31410/eman.2021.85.
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The banking sector is an important segment of the economic system. Strengthening the role of the non-banking sector, liberalization and deregulation on the financial market have encouraged faster development and transformation of the banking sector. The analytical significance of banks’ balance sheet information was previously used primarily for statistical and monetary analysis. In modern conditions, the financial statements of banks are a significant information resource for many internal and external users. The paper aims to, through the analysis of liquidity, solvency and profitability indicators of the 5 largest banks in the Republic of Serbia, according to the criterion of balance sheet assets for the period from 2017 to 2019, point to their trend in the banking sector, bearing in mind that selected banks make half of the balance sheet assets of the sector.
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Granitsa, Yulia, and Shokhjakhon Khujayev. "Cluster analysis of regional indicators using DBSCAN algorithm." In Human resource management within the framework of realisation of national development goals and strategic objectives. Dela Press Publishing House, 2022. http://dx.doi.org/10.56199/dpcsebm.zztl4298.
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Regional economies are playing an increasingly important role in the development of the national economic complex of the country. The disproportionate development of economies at the mesolevel is associated with a number of risks affecting various markets and industries, which in turn necessitates the development of effective methods for identifying regional clusters and the search for effective methods for assessing the interconnections of regional economic determinants. To conduct the study, the authors accumulated data on 25 indicators reflecting the investment, resource, production and financial performance components of the socio-economic development of Russian regions. Applying machine learning algorithms such as XG Boost, Gradient Boosting, CART, we identified the most significant factor for assessing regional sustainability and established the regional development indicators associated with it by calculating the non-linear correlation coefficient Phi_K. The use of the DBSCAN algorithm allowed us to identify two regional clusters, while per capita consumption, the level of demographic load and urbanization were significant factors for the clustering of regions. The significance of the criteria for combining regions into clusters using the DBSCAN method was established using the construction of a classification tree.
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Valaskova, Katarina, and Dominika Gajdosikova. "CORPORATE DEBT AND EARNINGS MANAGEMENT: EVIDENCE FROM SLOVAKIA." In 12th International Scientific Conference „Business and Management 2022“. Vilnius Gediminas Technical University, 2022. http://dx.doi.org/10.3846/bm.2022.802.
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Several different models have been developed worldwide to detect manipulative financial reporting in en-terprises. These earnings management practices help enterprises improve their financial performance or gain some advantages based on window dressing techniques. Moreover, there are several firm-specific factors and indicators that can influence the earnings management behavior of enterprises. The purpose of this paper is to test the relationship between corporate debt and earnings management in a sample of 15,716 Slovak firms over a 5-year period. The level of earnings management is measured by discretionary accruals using the Kasznik model, the debt of enterprises is quan-tified by several indicators (total indebtedness ratio, self-financing ratio, current and non-current indebtedness ratios, equity leverage ratio, and insolvency ratio). In this paper, a correlation analysis and an ANOVA method were applied to show if there is any statistically significant dependence between the level of discretionary accruals and corporate debt. The results indicate a positive relationship between the level of discretionary accruals and total indebtedness, non-current indebtedness, and insolvency ratios, while a negative relationship was revealed for self-financing and cur-rent indebtedness ratios.
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Bagieńska, Anna. "CORPORATE SOCIAL REPORTING AS A BUSINESS IMPROVEMENT TOOL." In Business and Management 2018. VGTU Technika, 2018. http://dx.doi.org/10.3846/bm.2018.21.
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Corporate Social Responsibility (CSR) provides the contribution of business to the implementation of sustainable development enabling to achieve a balance between business effectiveness, as well as the social interests and environmental protection. The CSR report presents the results of economic and social activities of enterprise. The CSR report creates the possibility of evaluation of the enterprise achievements in the context of financial and non-financial expectations of stakeholders different from financial capital providers. The aim of the paper is to present the role and importance of CSR reporting based on international standards and guidelines as well as to identify the main evaluation criteria. The analysis of the contents of the CSR reports submitted to the Competition CSR Report in the years of 2011–2016 shows what tools and key performance indicators are used. On the basis of the research results, the method of assessment of the CSR activities were proposed.
Reports on the topic "Non-financial performance indicators"
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Janson, Nils, Lindsay N. Burkhard, and Sara Jones. Caribbean Water Study. Inter-American Development Bank, November 2021. http://dx.doi.org/10.18235/0003755.
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The Caribbean Water Study describes the operational and financial performance of selected water utilities in the Caribbean as reported by the utilities as well as secodary sources, the situation of non-revenue water (NRW) among these utilities, the financial impact of COVID-19 on the utilites, and the issue of their resilience to natural disasters. Benchmarking of the key performance indicators for water utilities in the Caribbean shows how utilities are performing in relation to their peers across time. NRW is seen to be one of the biggest challenges for water utilities in the Caribbean and one of the most direct ways to improve a utilitys efficiency, financial performance, and quality of service. In addition, reducing NRW contributes significantly to climate change adaptation. Regarding financial impact of COVID-19, the Study found that due to the large decreases in non-residential consumption, most utilities registered a fall in revenues and in average tariffs. The Study elucidated the fact that their small size and limited resources of water utilities make it is difficult for them to recover from the devastation of a storm on their own and post-disaster response, natural disaster preparedness, investments to increase resiliency, and access to funds are of critical importance.
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Lenhardt, Amanda. Private Sector Development Finance to Support the ‘Missing Middle’. Institute of Development Studies, January 2021. http://dx.doi.org/10.19088/k4d.2021.106.
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Evidence indicates that business support to small and medium enterprises (SMEs) in lower middle-income countries (LMICs) can improve firms’ performance, create jobs, and have a positive effect on labour productivity (Piza et al., 2016). The impacts of some approaches to private sector finance such as traditional loans, grants and technical assistance have been studied empirically, but there is limited evidence of the impacts of non-traditional and innovative financing instruments (Mallen & Bungey, 2019; Piza et al., 2016). Studies of financial instruments to support SMEs in LICs and LMICs tend to focus on particular markets or adaptations to traditional funding models rather than targeted outcomes such as sustainable employment creation (Mallen & Bungey, 2019). This report explores evidence on the effectiveness of financing options available to bilateral donors to promote private sector development (PSD) in LIMCs, however the evidence base for most financing instruments is extremely limited and much of the evidence is more than 5 years old. The report seeks to provide a (non-comprehensive) list of available Overseas Development Assistance (ODA) eligible options and a more detailed examination of those options for which evidence was identified for this review. An open search for evidence on PSD interventions to support SMEs in LMICs and LICs was carried out, followed by a targeted search of interventions seeking to support medium-sized enterprises (the ‘missing middle’) in Zambia specifically. The report begins with a brief overview of the ‘missing middle’ challenge in Zambia. Section 3 explores recent trends in bilateral finance for PSD. The remaining sections of the report explore available evidence on the effectiveness of specific interventions: credit guarantees, matching grants, equity investment and permanent capital vehicles, mezzanine finance, and funds of funds.
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Financial Stability Report - September 2015. Banco de la República, August 2021. http://dx.doi.org/10.32468/rept-estab-fin.sem2.eng-2015.
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From this edition, the Financial Stability Report will have fewer pages with some changes in its structure. The purpose of this change is to present the most relevant facts of the financial system and their implications on the financial stability. This allows displaying the analysis more concisely and clearly, as it will focus on describing the evolution of the variables that have the greatest impact on the performance of the financial system, for estimating then the effect of a possible materialization of these risks on the financial health of the institutions. The changing dynamics of the risks faced by the financial system implies that the content of the Report adopts this new structure; therefore, some analyses and series that were regularly included will not necessarily be in each issue. However, the statistical annex that accompanies the publication of the Report will continue to present the series that were traditionally included, regardless of whether or not they are part of the content of the Report. In this way we expect to contribute in a more comprehensive way to the study and analysis of the stability of the Colombian financial system. Executive Summary During the first half of 2015, the main advanced economies showed a slow recovery on their growth, while emerging economies continued with their slowdown trend. Domestic demand in the United States allowed for stabilization on its average growth for the first half of the year, while other developed economies such as the United Kingdom, the euro zone, and Japan showed a more gradual recovery. On the other hand, the Chinese economy exhibited the lowest growth rate in five years, which has resulted in lower global dynamism. This has led to a fall in prices of the main export goods of some Latin American economies, especially oil, whose price has also responded to a larger global supply. The decrease in the terms of trade of the Latin American economies has had an impact on national income, domestic demand, and growth. This scenario has been reflected in increases in sovereign risk spreads, devaluations of stock indices, and depreciation of the exchange rates of most countries in the region. For Colombia, the fall in oil prices has also led to a decline in the terms of trade, resulting in pressure on the dynamics of national income. Additionally, the lower demand for exports helped to widen the current account deficit. This affected the prospects and economic growth of the country during the first half of 2015. This economic context could have an impact on the payment capacity of debtors and on the valuation of investments, affecting the soundness of the financial system. However, the results of the analysis featured in this edition of the Report show that, facing an adverse scenario, the vulnerability of the financial system in terms of solvency and liquidity is low. The analysis of the current situation of credit institutions (CI) shows that growth of the gross loan portfolio remained relatively stable, as well as the loan portfolio quality indicators, except for microcredit, which showed a decrease in these indicators. Regarding liabilities, traditional sources of funding have lost market share versus non-traditional ones (bonds, money market operations and in the interbank market), but still represent more than 70%. Moreover, the solvency indicator remained relatively stable. As for non-banking financial institutions (NBFI), the slowdown observed during the first six months of 2015 in the real annual growth of the assets total, both in the proprietary and third party position, stands out. The analysis of the main debtors of the financial system shows that indebtedness of the private corporate sector has increased in the last year, mostly driven by an increase in the debt balance with domestic and foreign financial institutions. However, the increase in this latter source of funding has been influenced by the depreciation of the Colombian peso vis-à-vis the US dollar since mid-2014. The financial indicators reflected a favorable behavior with respect to the historical average, except for the profitability indicators; although they were below the average, they have shown improvement in the last year. By economic sector, it is noted that the firms focused on farming, mining and transportation activities recorded the highest levels of risk perception by credit institutions, and the largest increases in default levels with respect to those observed in December 2014. Meanwhile, households have shown an increase in the financial burden, mainly due to growth in the consumer loan portfolio, in which the modalities of credit card, payroll deductible loan, revolving and vehicle loan are those that have reported greater increases in risk indicators. On the side of investments that could be affected by the devaluation in the portfolio of credit institutions and non-banking financial institutions (NBFI), the largest share of public debt securities, variable-yield securities and domestic private debt securities is highlighted. The value of these portfolios fell between February and August 2015, driven by the devaluation in the market of these investments throughout the year. Furthermore, the analysis of the liquidity risk indicator (LRI) shows that all intermediaries showed adequate levels and exhibit a stable behavior. Likewise, the fragility analysis of the financial system associated with the increase in the use of non-traditional funding sources does not evidence a greater exposure to liquidity risk. Stress tests assess the impact of the possible joint materialization of credit and market risks, and reveal that neither the aggregate solvency indicator, nor the liquidity risk indicator (LRI) of the system would be below the established legal limits. The entities that result more individually affected have a low share in the total assets of the credit institutions; therefore, a risk to the financial system as a whole is not observed. José Darío Uribe Governor