Liquidity indicator for the Croatian economy – Factor analysis approach

Čižmešija, Mirjana; Kurnoga, Nataša; Bahovec, Vlasta

doi:10.17535/crorr.2014.0015

Cited by 4 publications

(3 citation statements)

References 4 publications

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“…At the same time, Jooste (2005) states that ratio analysis includes the processing of financial information in order to generate new information, while the causes and consequences of the results obtained within the framework of the analysis will be determined by interpretation. Ratio analysis can be used for decision-making in the company -in the broader sense of the word (Vareško, 2021;Tintor, 2020;Vukoja, 2018;Učkar, Grbin, 2014;Čižmešija, Kurnoga Živadinović, 2012), budget accounting (Hladika, 2014), detecting fraudulent financial reporting (Palac, 2020), predicting business financial problems (Gabrić, 2018;Ježovita, 2015;Zenzerović, 2009), and auditing financial statements (Mijić, Jakšić, 2019;Kontuš, Šarlija, 2019).…”

Section: Theoretical Basismentioning

confidence: 99%

European realities - Power : Conference Proceedings 5th International Scientific Conference

2023

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countries points to the importance of the overarching theme of the conference and the encouragement of further research with the aim of strengthening the synergy between the activities of culture, economy and public communications.At this point, it should be noted that a collection of papers written in Croatian language -Power 2023 -has also been published, which also discloses the papers of the participants of the International Scientific Meeting European Realities -Power. These collective editions, we dare to say, complement each other excellently and make a valuable contribution to scientific reflection on the extremely dynamic changes in the fields of culture, media and management that we witness every day.Once again, we would like to thank the members of the Organizational, Scientific and Program Committee, the editors and reviewers, and all the authors and collaborators who contributed to the creation of this Proceedings and the successful conference.

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Section: Theoretical Basismentioning

confidence: 99%

European realities - Power : Conference Proceedings 5th International Scientific Conference

2023

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Section: Theoretical Basismentioning

confidence: 99%

Challenges of the Green Transition: Implications for the Operation of Energy Companies

Pekanov,

Mijoč,

Jadrešić

2023

European Realities - Power : Conference Proceedings 5th International Scientific Conference

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The effects of climate change are being felt in all parts of the world. Ways to predict future climate change and reduce the impact of humans on the climate have been the subject of numerous studies. The transition towards climate neutrality at EU level is the backbone of the European Green Deal. It is about the goal of reducing greenhouse gas emissions by 55% by 2030 and achieving a climate neutral Europe by 2050. Energy companies are responsible for three quarters of greenhouse gas emissions in the European Union, especially those that produce energy from fossil fuels. The paper examines the impact of efforts to reduce greenhouse gas emissions through investments in renewable energy sources, implemented as a result of the adoption of the regulatory framework, on the business and financial performance of three energy companies (Hrvatska elektroprivreda – the HEP Group, Holding Slovenske elektrarne – the HSE Group, and the Slovenské elektrárne a.s. – the SE Group) from the European Union over a three-year period (2017-2019). The main objective of this paper is to determine how adapting to the new European Union regulatory framework in terms of the green transition affects the operation of energy companies, focusing on profitability, liquidity, and financial stability. The paper revealed that the companies observed plan to invest in renewable energy sources and reduce or abandon the use of fossil fuels in electricity generation in line with the European Union’s objectives. The analysis of their businesses showed that they approach changes in business models differently with regard to the specifics of the business environment and the development of energy infrastructure, which affects success and stability of their businesses.

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“…Ahmadi et al [13] focused on modeling economic growth with indicators of knowledge based economy (KBE) introduced by World Bank for a case study in Iran during 1993-2013. Cizmesija et al [14] formed the new liquidity indicator by using factor analysis and applied econometric models in order to investigate the forecasting properties of the new business survey liquidity indicator, when predicting the direction of changes in Croatian industrial production. Chen [15] built a dynamic indicator to evaluate the ecological economic transition in Chinese provinces since the reform was based on slacks-based measure (SBM) mechanism.…”

Section: Introductionmentioning

confidence: 99%

Analysis on the Development of Digital Economy in Guangdong Province Based on Improved Entropy Method and Multivariate Statistical Analysis

Deng

Liu

2020

Entropy

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The lack of adequate indicators in the research of digital economy may lead to the shortage of data support on decision making for governments. To solve this problem, first we establish a digital economy indicator evaluation system by dividing the digital economy into four types: “basic type”, “technology type”, “integration type” and “service type” and select 5 indicators for each type. On this basis, the weight of each indicator is calculated to find the deficiencies in the development of some digital economic fields by the improved entropy method. By drawing on the empowerment idea of Analytic Hierarchy Process, the improved entropy method firstly compares the difference coefficient of indicators in pairs and maps the comparison results to the scales 1–9. Then, the judgment matrix is constructed based on the information entropy, which can solve as much as possible the problem that the difference among the weight of each indicator is too large in traditional entropy method. The results indicate that: the development of digital economy in Guangdong Province was relatively balanced from 2015 to 2018 and will be better in the future while the development of rural e-commerce in Guangdong Province is relatively backward, and there is an obvious digital gap between urban and rural areas. Next we extract two new variables respectively to replace the 20 indicators we select through principal component analysis and factor analysis methods in multivariate statistical analysis, which can retain the original information to the greatest extent and provide convenience for further research in the future. Finally, we and provide constructive comments of digital economy in Guangdong Province from 2015 to 2018.

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Liquidity indicator for the Croatian economy – Factor analysis approach

Cited by 4 publications

References 4 publications

European realities - Power : Conference Proceedings 5th International Scientific Conference

European realities - Power : Conference Proceedings 5th International Scientific Conference

Challenges of the Green Transition: Implications for the Operation of Energy Companies

Analysis on the Development of Digital Economy in Guangdong Province Based on Improved Entropy Method and Multivariate Statistical Analysis

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