Drawing on the chain-of-effects model as a unifying framework, this meta-analysis indicates that firm innovativeness indirectly affects firm value through its effects on market position and financial ...position. In addition, the findings suggest that innovativeness has direct positive effects on financial position and firm value. Moreover, the metaanalysis provides evidence of reverse causality in the innovativeness-firm value relationship. Importantly, the results also reveal that the positive effects of firm innovativeness on market position and financial position are stronger for larger firms, for firms that invest more in advertising, for firms in high-tech industries, for innovativeness outputs and for radical innovations. Finally, the meta-analytic evidence also indicates that the relationship between innovativeness and firm value is stronger for smaller firms, for firms that invest more in advertising, for firms in lowtech industries, for innovativeness inputs, for innovativeness culture, and for radical innovations.
Any economic entity may be represented by means of two fundamental financial images, the held financial position, respectively, on the one hand, and the achieved performances, on the other hand. If, ...regarding the financial position, we aim at a dual approach, reflecting the method of financing the assets based on equities and debts, with regard to the performances, we are considering a dual structuring according to engaged causes/expenses and achieved effects/incomes. For the purpose of substantiating relevant managerial decisions, an efficient management of the information provided by the financial position and performances is required. A relatively easy and extremely suggestive way of managing this information is the analysis based on the installment method, namely of indicators of percentage reports type regarding various aspects, like the companies’ structure, liquidity, solvability or profitability.
The aim of this paper is to evaluate the impact of recognition and measurement of investment properties on the financial position and performance of insurance companies in Croatia. Insurance ...companies are large investors in financial instruments and an important financial intermediary in the financial markets. Insurance companies invest in financial instruments, but they also invest in properties, so investment properties can represent a significant item in their financial statements. In Croatia, 11 out of 15 insurance companies (73% of them) recognized investment properties, which implies the need to research the impact of recognizing and measuring of investment properties on the financial position and performance in this area. The period of the research covers five consecutive years from 2017 to 2021., and it is based on 11 insurance companies in Croatia that have recognized investment properties in their financial statements. In order to fulfil the objectives of the research, different statistics methods were used, such as descriptive statistical methods and correlation and regression analysis. The research showed that the cost model is applied to a slightly greater extent than the fair value model in insurance companies in Croatia. Also, the results of this research showed that investment properties do not significantly affect the financial position of insurance companies in Croatia, but have a statistically significant medium-strong impact on profitability. The study also pointed out that income and expenses from investment properties have a statistically significant medium-strong impact on net profit or loss of insurance companies in Croatia.
Under the current conditions of the global market economy, effective analysis and management of trade receivables and debts requires strategies aimed at improving results. Monitoring of trade ...receivables and payables therefore requires increased attention in order to avoid excessive growth in receivables and payables, which would increase the risk of bankruptcy. Thus, the entity’s management must have reliable and relevant information on the economic and financial situation in order to keep the entity’s receivables and payables at an optimal level. This research emphasises the importance of analysing trade receivables and payables and the need for their proper management to improve the entity’s financial position and performance. The methodological approach of the paper involves the use of methodological and statistical-mathematical tools characteristic of the social sciences.
The HoReCa sector is characterized by a particular sensitivity with regard to the fluctuations of a country’s or a region’s general economic situation. It has also proven to be extremely fluctuating ...in the context of the COVID-19 pandemic, once numerous restrictions were imposed, which led to slowing down or interrupting the activity, against the background of setting up the state of alert and the state of emergency. The article hereby aims to emphasize the dynamics of this sector by starting from a particular case, namely an important company in the field – Turism Felix SA from Băile Felix. During recent years, both Băile Felix resort and the analysed company have developed perpetually and exponentially. The latter proved to be extremely resilient in the pandemic context and can be a model of managing a tourism business. In order to prove this, the study hereby proposes a financial diagnosis based on a balance sheet (financial position) in an interval of three consecutive financial years, namely 2019, under normal conditions, 2020, during the pandemic, and 2021, marked by a relative normality, however, influenced by the numerous restrictions imposed by the compulsory nature of the green certificate.
The aim of the study on the financial behavior of youth employees is to review the impact of financial capability, income on financial behavior in evaluating the financial position. The main target ...of this study is mediating the evaluation of financial behavior in the effort of increasing the financial position of youth employees. A research method conducts with a survey of 100 youth employees in Indonesia, particularly in Central Jakarta, that has more youth employees. Data from youth employees obtain through questionnaires and data is processed by SmartPLS; remember that analysis technique is using the path analysis model. Research results found that financial capability and income have a truly significant impact on financial behavior; likewise, it is directly to financial position. However, it known that financial behavior cannot directly influence to financial position. Research novelty explains that financial behavior cannot be mediation between financial capability and income to financial position. This finding is useful for youth employees in understanding the financial position and for the government in comprehending the financial behavior of youth employees. So, it expects to be able to give the policy of financial management for youth employees.
Entrepreneurship is considered as one of the strategies for economic and regional development. In particular, women entrepreneurs engaged in different geographic locations, where their ...characteristics and business factors are different in each location. This study examines home-based women entrepreneurs in Pakistan in relation to their place of residence, specifically rural or urban context. Very few studies have considered place of residence as a variable affecting women's businesses at the household level. This is critical since the business context can exert a major influence on available resources and constraints that affect business viability and sustainability. Data were collected from 504 women entrepreneurs using a survey questionnaire. Descriptive statistics, chi-square test, and binary logistics regression were used to achieve the objectives of the study. The findings revealed important and significant differences based on the rural versus urban context of women entrepreneurs including home ownership, household size, the number of adult family members in the household, family financial position, business record keeping, having a bank account, and type of business. While the binary logistic regression analysis reported adult family members, family financial position, business record keeping, bank account, and beautician business were the significant predictors of the women entrepreneurs' rural-urban model. The findings offer implications for policymakers, funders, bank/financial institutions, and non-governmental organizations for increasing women's entrepreneurship, empowerment, and income equality in developing countries.
The financial position is a concept that is very used in the specialized literature. It is estimated starting from the entity’s wealth, captured in terms of the balance sheet, currently called the ...statement of assets, debts and shareholders’ equity. The analysis of the financial position is based on various indicators emphasizing various aspects with regard to the company, like the structure of its resources and the way in which they are used, its capacity to comply with the current obligations in due time on account of the own allocations or the safety margin that is set up at its level, usable as working capital within the cycle of exploitation, either by circulating in the form of stocks and receivables or by maintaining as available backup funds. The article hereby aims to focus on a comparative approach of the analysis of the financial position corresponding to a Romanian company, on the one hand, and to a Moldavian one, on the other hand. The two entities carry out their activity in the same sector, the sweets industry, being extremely suggestive for the economic environments they are part of.
The economy of a country, regardless of the dominant ownership structure that prevails in it, should have developed market institutions through which economic development can be built in accordance ...with the basic objective function of the company, i.e. the target category of "profit maximization". The economy observed in this way is connected to the observation of the financial position of a large number of heterogeneous companies, because in that way the most important indicators can be presented, such as those that reflect the financial health of a large number of companies at the time of observation. A realistic view of the created value of a company implies the simultaneous creation of a competitive advantage and the evaluation of economic effects in the real observation of the economy of a country, such as, for example, the observation of the economy of the Republic of Serbia. Top management in the process of overall assessment of the investment of necessary resources for the organization of business in the company tries to see as many factors that affect the projection of cash flows, and then assess the possible chances of making possible modifications to maximize profits. In this study, the authors analyzed the impact of stochastic risk in creating the real value of a company. In this regard, there is a key issue related to the management of the company, i.e. there is the issue of managing possible risks, especially when it comes to risk comparisons and new investments that arise in the real business of the company.
Considering the current context of the economy caused by the onset of the energy crisis, through the continuous increase in the prices of natural gas, and implicitly of electricity, during 2021, and ...its deepening due to the war in Ukraine, at the level of 2022, which affected especially the financial situation of consumers of household energy products, but also of non-household ones, it is important to identify how electricity and natural gas suppliers on the Romanian market were also affected financially. For this purpose, we should take into account the fact that on the market there are both suppliers who produce their energy resources by exploiting the underground resources and their own hydroelectric plants, but also suppliers who purchase wholesale electricity and natural gas to supply energy to final consumers, which can be analyzed based on the implementation of indicators of the financial diagnosis concerning the tax statements. Thus, throughout this article, we aimed to present the individual analysis of the application of indicators used in the financial diagnosis on the consolidated financial statement of Romgaz SA, as a representative of the energy producers and distributors category, and Electrica SA, as a representative of the energy buyers category on the market, with the aim of supplying the consumers, at the level of the first semester of 2022. We made a comparative analysis of the results of the two as well, with the aim of identifying the most financially vulnerable category in the fight against the energy crisis.
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