Remaining Financially Healthy and Competitive: The Role of Financial Predictors

Klieštik, Tomáš; Valášková, Katarína; Lăzăroiu, George; Kováčová, Mária; Vrbka, Jaromír

doi:10.7441/joc.2020.01.05

Cited by 102 publications

(65 citation statements)

References 30 publications

(33 reference statements)

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“…Shumway (2001) stated that the Logit and Probit models have problems that can subsequently skew the results and also result in inefficiencies and inconsistencies in the estimated coefficient. To overcome these problems, he proposed the gambler Model [8].…”

Section: Literature Reviewmentioning

confidence: 99%

The usage of economic profit and other forms of profit as a part of prediction models to forecast the financial stability of business entities in the context of globalization

Karpac

Sedláková

2021

SHS Web of Conf.

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Research background: Predicting financial health of a company is in this global world necessary for each business entity, especially for the international ones, as it´s very important to know financial stability. Forecasting business failure is a worldwide known term, in a global notion, and there is a lot of prediction models constructed to compute financial health of a company and, by that, state whether a company inclines to financial boom or bankruptcy. In the current global world of uncertainty and continuous change, it is in each business’s interest to improve its performance. Businesses have to adapt to changing market conditions and keep moving to maintain their, either local or global, market position. In the past, entities preferred to increase primary accounting profit forms. The global modern goal of enterprises, value creation, is achieved through the concept of economic profit. Purpose of the article: The aim of this article was to find out the connection between two very important terms for the global economy, namely prediction models and economic profit. Methods: We focused on the research of both areas and looked for a common connection through how often different forms of profit, and especially the form of economic profit, are used in individual prediction models among the examined sample. Findings & Value added: The output of the whole article is the finding the division of the use of economic and accounting profit in the sample of models and the importance of economic profit for mathematical constructions of prediction models.

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Section: Literature Reviewmentioning

confidence: 99%

The usage of economic profit and other forms of profit as a part of prediction models to forecast the financial stability of business entities in the context of globalization

Karpac

Sedláková

2021

SHS Web of Conf.

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“…Performance can be viewed from different perspectives (see Pacheco, 2019), while Richard et al (2009) stated that the performance of organizations represents three specific areas of business performance: (i) financial performance (profits, return on assets, return on investment and others); (ii) market performance (sales, market share and others); and (iii) return to shareholders (total return on shareholders' equity ratio, economic value added -EVA and others). At this point, it needs to be emphasized that the performance and its examination are important in many areas of countries' economies (Kliestik et al 2020, Adamisin et al 2017, Vozarova et al 2019. Therefore, we consider the monitoring of performance to be important also in the field of tourism and hospitality industry (Assaf a Josiassen 2012).…”

Section: Literature Reviewmentioning

confidence: 99%

Differences in financial performance between various categories of hotels in the Visegrad Group countries

Bačík¹,

Fedorko²,

Gavurová³

et al. 2020

Journal of International Studies

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Under market economy, financial health of businesses is one of the main determinants in achieving business objectives and building a competitive advantage. The objective of the study is to evaluate differences in the selected financial indicators across the categories of hotels in the Visegrad Group countries. This objective was achieved by testing these differences in the selected financial indicators (CF, EVA, ROE, ROCE, ROA, ROS and many others) for various hotel categories (two-to five-star hotels). Hotel category data (stars) were collected from Booking.com, financial outcomes were obtained directly from the financial statements of the analysed hotels. Testing of differences was carried out by non-parametric tests (Kruskal-Wallis test, Wilcoxon test). Statistically

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“…As digital technologies develop and an option to make use of the results of processing large databases is universally embraced, many authors write about digitization of business processes. In the first place, an innovative component of these processes is noted, attempts to assess the impact of the development of digital technologies on the innovative business are made [1]; the prospects of developing various IT technologies, including digital platforms, are analysed both in terms of industrial coverage [2,3], and their global socially economic [4,5] and risk consequences [6,7] ; new options of the mechanism of functioning of a digital platform or business digital transformation are described [8], both new functions that participants of a value creation chain start to have [9,10], and options of platform economy during and after COVID-19 pandemic are noted [11].…”

Section: Introductionmentioning

confidence: 99%

The ways of business digitalization in global corporations

2021

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Research background: Under the conditions of post-industrial economy, market subjects tend to use digital technologies more intensively. Many authors define digital technologies as innovation, describe possibilities of automatization and try to find out some limitations of smart technologies implementation. In this research, we consider that Industry 4.0 and digital technologies can transform traditional business model radically. That is why, it is very important to highlight the ways of digitalization in business and to justify the choice of the most effective smart technologies during the period of business transformation. Purpose of the article: to highlight the local ways of digitalization in global corporations and to discover the most effective ones among them. Methods: in this research, we run comparative analysis of new business models using recent articles in scientific journals and empirical evidence from open sources. Also, we use the results of expert assessments based on depth-in interviews. Findings & Value added: the most perspective ways of digitalization in global corporations are highlighted: digital automatization implementation, during which the existent process in traditional business model is digitized; new IT service appearance, that improves the traditional business model; digital transformation of traditional business model into the new one with a digital platform core. A visual model of monitoring the digitalization process within the company is proposed. It is proved that smart technologies can transform business model radically. These technologies affect the structure of companies’ supply and can change market structure (including global market) through active company strategy and behavior.

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Remaining Financially Healthy and Competitive: The Role of Financial Predictors

Cited by 102 publications

References 30 publications

The usage of economic profit and other forms of profit as a part of prediction models to forecast the financial stability of business entities in the context of globalization

The usage of economic profit and other forms of profit as a part of prediction models to forecast the financial stability of business entities in the context of globalization

Differences in financial performance between various categories of hotels in the Visegrad Group countries

The ways of business digitalization in global corporations

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