Performance Measurement Model Formation in State-owned Enterprises

Kloviene, Ruta; Gimžauskienė, Edita

doi:10.1016/j.sbspro.2014.11.247

Cited by 9 publications

(6 citation statements)

References 8 publications

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“…In this case, regulations and policies can change any time, and the logistics system must be flexible to adapt to these changes. Klovienė and Gimžauskienė (2014) also propose a similar relevant idea, in that SOEs must align their organizational policy with the government’s policy, while they must dynamically adjust their policy toward both economic changes and public needs. The following interview excerpt also demonstrates how one interviewee perceives this requirement:…”

Section: Resultsmentioning

confidence: 99%

Logistics performance measurement framework for companies with multiple roles

Irfani

Wibisono

Basri

2019

MBE

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Purpose Companies with multiple roles, as both a profit generator and public service provider, have specific characteristics that differentiate them from single-role companies. However, literature suggests that no performance measurement framework exists to fully suit the characteristics of such companies. This study aims to develop a novel performance-measuring framework to manage logistics performance in multiple-role companies. Design/methodology/approach The framework is developed by combining a literature review and a case study approach as applied to a company with multiple roles. The case study is conducted to identify the characteristics of multiple-role companies, the factors that potentially affect such companies’ logistics performance and criteria for a new framework. The literature review identifies the concepts, performance attributes and indicators from existing frameworks with the potential for incorporation and synthesis in the new framework. Findings This study identified several characteristics, performance drivers and criteria for a logistics performance-measuring framework for multiple-role companies. Additionally, this study successfully developed a new logistics performance-measuring framework that consists of eight performance management stages and an aggregated index to measure overall logistics performance. Practical implications The proposed logistics performance-measuring methodology provides useful guidance for stakeholders of multiple-role companies to plan, organize, execute and evaluate logistics performance. Originality/value This research fills a theoretical gap by explaining the characteristics of logistics systems in multiple-role companies, as well as the factors that may affect such companies’ logistics performance. Further, the proposed framework contributes to academia by integrating performance attributes from several available frameworks to manage objective conflicts, dynamism issues and the inconsistent performance evaluations that exist in companies with multiple roles.

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Section: Resultsmentioning

confidence: 99%

Logistics performance measurement framework for companies with multiple roles

Irfani

Wibisono

Basri

2019

MBE

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“…Given the alarming financial measures, such as a debt ratio of 1,344.84% and an ICR value of -183.91, mentioned earlier, the possibility of bankruptcy is becoming more likely. The complexity of the relationship between declining financial health and the eventual collapse of companies is emphasised in academic analysis (Korol, 2017;Kloviene & Gimžauskiene, 2014;Pratuckchai, 2012;Buehler et al, 2012). This highlights the critical need for immediate strategic intervention and reforms to prevent failure.…”

Section: A Study On the Probability Of Sustainability Of State-owned ...mentioning

confidence: 99%

A Study On The Probability Of State-Owned Enterprises Sustainability (A Review From Perspective Of The Bankruptcy Model)

2024

APMAJ

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This study aimed to investigate how the external (such as growth, inflation, exchange rate) and internal factors influence the possibility of insolvency, in state owned enterprises (SOEs) and the moderating role of corporate governance. The study examined the SOEs in Indonesia, specifically analyzing financial data from the period between 2010 and 2019. The sample size consisted of an average of 112 companies. The analysis comprised of two phases; the first phase useds the Altman Z score model to evaluate the probability of bankruptcy followed by regression analysis in the second phase to identify the determinants of this probability. The findings indicated that certain external factors, such as inflation negatively influenced SOE profitability during bankruptcy while other factors such as leverage, and profitability were not significant. Corporate governance was found to heighten the impact of factors (growth, inflation, exchange rate) on profitability of bankruptcy. Nevertheless, it does not diminish the influence of interest rate fluctuations on bankruptcy profits. Furthermore, corporate governance was shown to heighten the impact of factors (such as liquidity, leverage, profitability) in reducing SOE profits during bankruptcy scenarios.

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“…Lithuanian scientists (Klovienė & Gimžauskienė, 2014) substantiated the need to develop specific criteria and indicators for assessing the state-owned enterprises performance by various regulatory bodies, taking into account their special functions and tasks. Piret Tõnurist (2015) proposed a new theoretical approach to analyze the special role of state-owned enterprises in state innovation policy.…”

Section: Literature Reviewmentioning

confidence: 99%

Public Sector in the Transformation Economy of Ukraine: Macroeconomic Analysis

Samborska-Muzychko

Parasiy-Vergunenko

Pashchenko

et al. 2021

Ind. Jour. Manag. & Prod.

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The purpose of the article is to study the conditions and prospects for the development of the state sector of the Ukrainian economy and to determine the functions and tasks of state-owned enterprises in a transformational economy. The information base of the empirical research is the data of the official website of the Ministry of Economic Development, Trade and Agriculture of Ukraine for 2014-2020. The methodological and methodical sources lie in the provisions of the economic code, the Classifier of institutional sectors of the economy. In the course of the research, the following methodological techniques were used as a comparison, modeling, series of dynamics, grouping, structural-dynamic, and coefficient analysis. The necessity of improving the existing regulatory mechanisms of transformation from state institutions and the development of new effective approaches to the functioning of the system of state entrepreneurship, which takes into account the features of the transformational economy and is based on international experience in building modern market relations and mechanisms for increasing the efficiency of the economic system, has been substantiated. The dynamics of the public sector share in the country's economy is analyzed, and the possible causes and consequences of these structural and dynamic changes are characterized. The results of the study are the proposed classification of types from state-owned enterprises, which is the basis for differentiating their functions and tasks depending on the goals of education, the characteristics of the activity, the structure of ownership, and the strategic priorities of the country's development. The necessity of the state-owned enterprises' sector reforming in the context of global integration is substantiated, as well as general directions and tools for implementing the reform of state-owned enterprises.

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Performance Measurement Model Formation in State-owned Enterprises

Cited by 9 publications

References 8 publications

Logistics performance measurement framework for companies with multiple roles

Logistics performance measurement framework for companies with multiple roles

A Study On The Probability Of State-Owned Enterprises Sustainability (A Review From Perspective Of The Bankruptcy Model)

Public Sector in the Transformation Economy of Ukraine: Macroeconomic Analysis

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