The influence of firm-specific factors on firms´ performance

• Autorzy: Bobenič-Hintošová Aneta , Bobenič Tibot , Hajduová Zuzanna , Szajt Marek

Identyfikatory

DOI

10.17512/pjms.2020.21.2.09

Warianty tytułu

PL

Wpływ czynników specyficznych dla firmy na jej wyniki

• Języki publikacji: EN

Abstrakty

EN

Sources and nature of factors that potentially influence firms´ performance has received huge attention within empirical literature. The aim of the present paper is to evaluate the influence of firm-specific factors on the performance of firms operating in the Slovak metallurgical industry. Despite importance of this sector for economy not only of Slovakia, there is a lack of sufficient empirical findings regarding determinants of metallurgical firms´ performance. The analysis is based on a firm level panel dataset using regression models with fixed effects. As regard to the firms´ performance, statistically significant ambiguous impact of liquidity and age, negative impact of asset turnover and positive effect of cost effectiveness was revealed. Surprisingly, the size of firm was not found to be significant determinant of firms´ performance. The results of the study bring significant managerial implications suggesting that even in sectors vulnerable to changes in the external environment, effective management of the firm´s internal factors can lead to performance gains.

PL

Źródła i charakter czynników, które potencjalnie wpływają na wyniki firm, zyskały dużą uwagę w literaturze empirycznej. Celem niniejszego artykułu jest ocena wpływu czynników specyficznych dla firmy na wyniki firm działających w słowackim przemyśle metalurgicznym. Pomimo znaczenia tego sektora dla gospodarki nie tylko Słowacji, brakuje wystarczających wyników empirycznych dotyczących czynników determinujących wyniki firm metalurgicznych. Analiza oparta jest na zestawie danych panelu na poziomie firmy z wykorzystaniem modeli regresji z ustalonymi efektami. Jeśli chodzi o wyniki firm, ujawniono statystycznie znaczący niejednoznaczny wpływ płynności i wieku, negatywny wpływ obrotu aktywami i pozytywny efekt efektywności kosztowej. Nieoczekiwanie okazało się, że wielkość firmy nie była istotnym wyznacznikiem wyników firmy. Wyniki badania niosą znaczące implikacje zarządcze, sugerując, że nawet w sektorach wrażliwych na zmiany w otoczeniu zewnętrznym skuteczne zarządzanie wewnętrznymi czynnikami firmy może prowadzić do wzrostu wydajności.

Słowa kluczowe

EN

firm-specific factors; resource-based view; performance; business strategy

PL

czynniki specyficzne dla firmy; widok oparty na zasobach; wydajność; strategia biznesowa

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2020
• Tom: Vol. 21, No. 2
• Strony: 115--128
• Opis fizyczny: Bibliogr. 34 poz., rys., tab.

Twórcy

autor

Bobenič-Hintošová Aneta

• University of Economics in Bratislava, Faculty of Business Economics with seat in Košice, Tajovského 13, Košice, Slovak Republic

autor

Bobenič Tibot

autor

Hajduová Zuzanna

• University of Economics in Bratislava, Faculty of Business Management, Dolnozemská 1, 851 05 Bratislava, Slovakia

autor

Szajt Marek

• Department of Econometrics and Statistics, Faculty of Management, Częstochowa University of Technology, Dąbrowskiego 69, 42-200 Częstochowa, Poland

Bibliografia

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Uwagi

Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2020).