Wyniki wyszukiwania - BazTech

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The concept and the state of research on the performance of family businesses

Sokołowska Ewelina, Boehlich Daniel, Dziadkiewicz Anna

Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska

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2024

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z. 194

475--487

EN

Purpose: This study's primary goal is to present the theoretical concept of family enterprises. Specifically, the results of earlier studies and the issues facing this field of research now will be described. The article also examines the underlying impacts that family control has on business management in order to fill the research gap left by earlier studies on the performance differences between family and non-family enterprises. A thorough analysis of the literature revealed that family firms place equal value on non-financial performance as they do on financial performance. Design/methodology/approach: The study's survey focuses on critical analysis methods used in the literature. Critical theoretical analysis will also be accompanied by comparative, analytical and monographic methods implied to draw conclusions on further research directions in the family business sector. Findings: The current work makes a significant contribution by broadening the theoretical foundation for family business research. Therefore, a sound foundation for the explanation of distinctive strategic management components may be established using the behavior-oriented approach, stakeholder theory, target composition, and balanced scorecard approach. Research limitations/implications: Unconfirmed theories may be examined more closely, particularly in a modified setting. Practical implications: The findings of this theoretical study are not only important for business research but also for business practice. The study is primary addressed to the top management of family and non-family businesses. Moreover, potential investors, banks and consultants could benefit from the results of this study. Originality/value: This study aims to provide a better understanding of the relationship between the variables of family influence, goal setting and selection of key performance indicators and organizational performance and business success. That is how a contribution can be made to the ongoing discussion about the success of family businesses and its underlying factors.

2

Impact of Financial Risk on Business Efficiency Listed on The Stock Market in Vietnam

Nguyen Thi Nguyet Dung, Ha Thanh Cong, Nguyen Manh Cuong, Bui Thi Thu Loan

Annals of Computer Science and Information Systems

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2021

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Vol. 28

243--247

EN

This study aims to evaluate the influence of financial risk on the business efficiency of listed companies in Vietnam's stock market. To carry out the research objective, the authors use the short-run solvency, net working capital, and financial risk criteria proposed by Bathory (1984). At the same time, the authors conducted a quantitative analysis using a two-step GMM model, based on panel data collected from financial statements and financial statements of 430 companies listed on the Ho Chi Minh Stock Exchange and the Hanoi Stock Exchange in the period 2012-2018. The research results show that the business efficiency of enterprises through return on assets and return on equity is positively affected by net working capital and financial risk and is negatively impacted by short-run solvency. This result also has some implications for improving business efficiency and financial risk management of listed companies on the Vietnam stock market.

3

Analysis of some factors affecting business performance from non-financial aspects at enterprises in Nam Dinh province

Nguyen Anh Thi Lan, Nguyen Linh Van, Truong Hang Thanh, Bui Thuy Thi

Annals of Computer Science and Information Systems

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2021

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Vol. 28

19--27

EN

Business performance of enterprises is evaluated by many different models, most of which use financial measures. However, traditional financial measures cannot provide information for strategy development because they skip customer satisfaction and quality of products and services… Therefore, non-financial measures for business performance is gaining a special advantage, in which the Balanced Scorecard model (BSC) with customers, internal processes and development training as non-financial measures has been widely recognized by many companies and highly regarded by many researchers for its role in the strategic management of enterprises. This article aims to examine the factors affecting business performance from non-financial aspects (customers, internal processes and development training) of enterprises in Nam Dinh province. The study used the quantitative research method and SPSS 26 data processing software, and is based on the estimated linear regression model with 520 feedbacks from enterprises in various fields of operation in Nam Dinh province in 2020. The research results show that the factors affecting business performance in terms of non-financial aspects are ranked in the following order: (1) Use of resources, (2) Market orientation, (3) Information technology (IT), (4) Local policies, (5) Capital accessibility and usage, and (6) State policies. On that basis, the article proposes some suitable solutions for managers to improve the business performance of enterprises in Nam Dinh province.

4

Impact of intellectual capital on business performance : evidence from Indian pharmaceutical sector

Smriti N., Das N.

Polish Journal of Management Studies

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2017

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Vol. 15, No. 1

232--243

EN

Based on the data of 121 listed pharmaceutical and drug companies in Bombay stock exchange of India Pharmaceutical sector for the period 2005-2016, this study tries to analyze the relationship between intellectual capital (i.e. Human Capital, Relational Capital, Structural Capital) with traditional measures of business performance (i.e. Productivity, profitability and market valuation). The empirical data have been collected from the audited financial statement of these 121 pharmaceutical companies. Among several methods of intellectual capital accounting, Pulic’s Value Added Intellectual Coefficient (VAIC) is being used for the value creation efficiency measurement.Regression and correlation have been conducted for the set of variables representing the performance of the companies and Intellectual Capital. The analysis indicates that the relationship between the performance of a company’s Intellectual Capital (IC) and conventional performance indicators are varied. The findings suggest that the performance of a company’s IC can explain profitability, but not productivity and market valuation in India. In addition, the empirical analysis found that structural capital and relational capital were important factors which have a major impact on the profitability of the firms over the period of study. Thus reflecting the fact that the industry is more concerned about the technological knowledge and innovation. The outcome draws some significant implications for policymakers that will helps in enhancing the performance of the pharmaceutical sector.

PL

Na podstawie danych z 121 firm sektora farmaceutycznego zarejestrowanych na Bombajskiej giełdzie papierów wartościowych w Indiach w latach 2005-2016, autorzy próbują dokonać analizy związku między kapitałem intelektualnym (kapitał ludzki, kapitał powiązany, kapitał strukturalny) a tradycyjnymi miarami wydajności biznesowej (wydajność, rentowność i wycena rynkowa). Dane empiryczne zostały uzykane ze skontrolowanego sprawozdania finansowego 121 firm farmaceutycznych. Wśród metod związanych z rachunkowością kapitału intelektualnego do pomiaru efektywności tworzenia wartości wykorzystywano współczynnik wartości dodanej Pulica (VAIC). Dla zbioru zmiennych reprezentujących wydajność firm i kapitał intelektualny przeprowadzono regresję i korelację. Analiza wskazuje, że relacje pomiędzy wydajnością kapitału intelektualnego firmy (IC) a konwencjonalnymi wskaźnikami wydajności są zróżnicowane. Wyniki wskazują, że wydajność kapitału intelektualnego firmy może wyjaśnić rentowność, ale nie wycenę rynkową firmy w Indach. Ponadto analiza empiryczna wykazała, że kapitał strukturalny oraz kapitał powiązany były ważnymi czynnikami, które mają istotny wpływ na rentowność firm w badanym okresie, tym samym odzwierciedlając fakt, że przemysł jest bardziej zainteresowany wiedzą technologiczną i innowacjami. Wynik wskazuje na pewne znaczące konsekwencje dla decydentów, co przyczyni się do poprawy wydajności sektora farmaceutycznego.