Performance Measurement - Developing Tendencies of the Second Half of the 20th Century

Wagner, Jeffrey

doi:10.18267/j.polek.821

Cited by 9 publications

(6 citation statements)

References 13 publications

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“…Pro každý pár byly vypočteny následující ukazatele:  Rentabilita: rentabilita aktiv (ROA) jako podíl provozního zisku před úroky a zdaněním (EBIT) a celkových aktiv; rentabilita vlastního kapitálu (ROE) jako podílu zisku po zdanění a účetní hodnoty vlastního kapitálu; rentabilita tržeb (ROS) jako podílů EBIT na výkonech; rentabilita dlouhodobě investovaného kapitálu (ROCE) jako podílu EBIT a dlouhodobě investovaného kapitálu. Výše uvedené ukazatele patří k nejčastěji používaným syntetickým ukazatelům hodnocení výkonnosti (Wagner, 2011), jejich analýza by však měla být vždy provázena i analýzou dalších skupin ukazatelů (viz např. Neumaierová a Neumaier, 2014).…”

Section: Použité Metodyunclassified

Evaluating the Impact of Family Presence in Ownership and Management on Financial Performance of Firms Using Matched-Pair Investigation

Machek¹,

Hnilica²

2015

Politicka ekonomie

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ÚvodRodinná fi rma je pravděpodobně nejstarší organizační formou podnikání. Celosvětově existuje řada příkladů rodinných fi rem, které přežily desítky generací (Hutcheson, 2007; Koráb a kol., 2008). Historie českých rodinných fi rem však nebyla nikdy zmapována. Víme, že průmyslová revoluce vedla ke vzniku mnoha výrobních fi rem, které zůstaly ve vlastnictví nebo podléhaly kontrole rodiny po smrti zakladatele. Příklady takových fi rem jsou např. výrobce bylinných likérů Becher (1794), cukrářská fi rma Fiedor (1840), výrobce nábytku Thonet (1841), sklářská fi rma Moser (1857), výrobce klavírů Petrof (1865) nebo výrobce bot Baťa (1894). S pádem Rakousko-Uherska došlo k rychlému rozvoji českých rodinných fi rem (Hanzelková, 2004). Rodinné fi rmy jako Baťa nebo Kolben a Daněk (ČKD) se staly páteří ekonomiky.Ve většině zemí představují rodinné fi rmy většinový podíl v ekonomice a mají podstatný vliv na zaměstnanost, přidanou hodnotu, investice a tvorbu kapitálu (Allouche a kol., 2008). Současný výzkum na toto téma ukazuje, že přibližně 70 %-80 % všech společností jsou rodinné fi rmy, přičemž odhadovaný podíl silně závisí na samotné defi nici rodinných fi rem (např. v Dánsku je odhadovaný podíl rodinných fi rem od 36 % do téměř 95 %; viz Mandl, 2008). Mezi nejvýznamnější rodinné fi rmy patří i společnosti s obratem převyšujícím 1 mld. dolarů, jako např. Walmart, Samsung, Tata Group nebo Porsche. Není tedy divu, že pozornost akademiků se začala zaměřovat na rodinné fi rmy, jejich význam a vlastnosti. Rodinné podnikání jako vědní disciplína se překvapivě ustaluje poměrně krátce. Za jeho první institucionální ztělesnění můžeme označit založení Family Firm Institute v roce 1986 a vydání prvního čísla dnes již impaktovaného časopisu Family Business Review v roce 1988 (Sharma a kol., 2012).V České republice byla a je role rodinných podniků v ekonomice do značné míry přehlížena. Určitý výzkum byl proveden na Vysokém učení technickém v Brně, dále na B.I.B.S -vysoké škole v Brně a na Vysoké škole ekonomické v Praze (např. Koráb a kol., 2008;Hanzelková, 2004; Odehnalová, 2009;Machek, Brabec a Hnilica, 2013, Machek a Hnilica, 2014, avšak zdaleka neodpovídá rozsahu ani intenzitě, se kterými se akademici tomuto tématu věnují ve světovém měřítku. Poznatky o roli a výkonnosti českých rodinných fi rem tak dosud chybí. Cílem tohoto článku je provést komparativní analýzu výkonnosti rodinných fi rem v porovnání s nerodinnými fi rmami v České republice a nalézt hlavní rozdíly v hodnotách jejich fi nančních ukazatelů.

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Section: Použité Metodyunclassified

Evaluating the Impact of Family Presence in Ownership and Management on Financial Performance of Firms Using Matched-Pair Investigation

Machek¹,

Hnilica²

2015

Politicka ekonomie

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“…External users have many reasons to be interested in business performance. Wagner summarizes the most important of reasons as follows (for more details see Wagner, 2009, pp. 55 -56):…”

Section: Performance Measurement and Its User Differentiationmentioning

confidence: 99%

“…Groups of many interested people, who strive for different goals, imply a lot of purposes, for which the accounting could and should serve. Monitoring and reporting of information in several aspects (dimensions) together (which is much easier these days thanks to the level of information technology development) 9 would greatly increase the explanatory power of financial statements.…”

Section: Multidimensionality Of Management and Its Information Supportmentioning

confidence: 99%

“…Managing business performance means influencing the development of the company that was entrusted to manager's care in order to optimally fulfill the objectives which the company has been 9 Let us mention the possibility of storing data in one central data store, in which each piece of information has a number of different attributes that reflect different views of different user groups. Differentiated demands for performance information are then only a matter of filtering data in the required structure and in the required database dimension due to database technologies and tools.…”

Section: The Role Of Management Accounting In Performance Assessmentmentioning

confidence: 99%

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Accounting System and Financial Performance Measurements

Halíř¹

2011

EFAJ

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IntroductionRecently significant changes have taken place in society and business environment, in the pressure on business subjects and in the requirements of owners, managers, banks and other stakeholders for ensuring adequate information. These changes are reflected (among other things) also by need to consider practical ways of use traditional tools and methods of performance management. Undoubtedly management accounting which is often referred to as the backbone of information management ranks among these tools.Ensuring a satisfactory performance level is one of the fundamental prerequisites for the successful development of each company. Securing abundance of high quality information, which reflect the level of business performance and help all involved bodies to understand in what direction and why the performance is developed, as well as the possibility of controlling the way they should develop, requires the existence of quality and complex information system and management control system. Under the terms of such a corporate information system, particularly in matters relating to financial performance, an accounting subsystem plays an important role. Accounting is always associated with decision-making tasks of various subjects and therefore it should enable them to take the right decisions related to the company. European Financial and Accounting Journal, 2011, vol. 6, no. 3, pp. 38-65. 39This paper is a follow-up to an earlier one, which was processed within the project supported by the Internal Grant Agency of UEP "The Role of Accounting Information in Financial Performance Measurements". The core of an earlier output was measuring and assessing financial performance by external users of financial information (Halíř, 2010). This paper focuses on performance management from managers' viewpoints, thus enriches the previous output with a new perspective on the issue of performance measurement. The paper simultaneously tries to compare both approaches, if it is desirable.On the other hand, it should be noted that although the financial performance seems to be a key factor in the management control, it is still only a partial aspect that affects more complex performance at a broader level of understanding. The relationship between generally conceived performance and financial performance of the company (primarily from manager's point of view) will be an issue of further research and conclusions will be published in subsequent papers.The paper discusses the role of management accounting in performance management. It seeks to clarify the relationship between management accounting system and performance management system. Both of them can be understood as subsets of management control system in general, but they perform different roles within it. Then the paper deals with a dual concept of measuring and managing financial performance. It emphasizes different information needs of different groups of users with key regard to managers (internal users of management accounting information).In this regard, the p...

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“…"Generally, performance means the characteristic that describes a way or course in which an examined business entity performs an activity on the basis of a similarity to the reference way of performing this activity. An interpretation of the characteristic presupposes an ability to compare the examined and reference phenomena from the standpoint of the set criteria" (Wagner 2009). …”

mentioning

confidence: 99%

Application of the Economic Value Added index in the performance evaluation of forest enterprise

Balážová¹,

Luptáková²

2016

J. For. Sci.

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ABSTRACT:The paper aims at pointing to possibilities of using the Economic Value Added index in evaluating the forest enterprise performance. The given index ranks among the indices of fourth-generation evaluation emerging from the value-based management theory. When calculating the index, we took the financial statements of a chosen forest enterprise for our starting point. On the basis of the calculated results we can state that the index development in the enterprise had an increasing tendency during the period [2011][2012][2013]. Recognised values of the index were positive, i.e. the enterprise reached a positive market value for the enterprise owners.

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Performance Measurement - Developing Tendencies of the Second Half of the 20th Century

Cited by 9 publications

References 13 publications

Evaluating the Impact of Family Presence in Ownership and Management on Financial Performance of Firms Using Matched-Pair Investigation

Evaluating the Impact of Family Presence in Ownership and Management on Financial Performance of Firms Using Matched-Pair Investigation

Accounting System and Financial Performance Measurements

Application of the Economic Value Added index in the performance evaluation of forest enterprise

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