The Analysis of Company Growth Determinants Based on Financial Statements of the European Companies

Vuković, Bojana; Peštović, Kristina; Mirović, Vera; Jakšić, Dejan; Milutinović, Sunčica

doi:10.3390/su14020770

Cited by 17 publications

(24 citation statements)

References 28 publications

(59 reference statements)

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“…Tingkat pertumbuhan perusahaan setiap tahun ditentukan oleh keakuratan manajer dalam memperkirakan harga produk. Bagi investor pasar saham, sangat penting untuk memahami potensi pertumbuhan melalui tingkat pertumbuhan tahunan (Vuković et al, 2022). Manajemen nilai terkait dengan pertumbuhan perusahaan dan kondisi keuangannya.…”

Section: Pendahuluanunclassified

Faktor-Faktor Yang Mempengaruhi Kebijakan Hutang Pada Perusahaan Manufaktur

Kosim,

Kalsum,

Permana

et al. 2024

ISO

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Tujuan utama dari penelitian ini adalah untuk menganalisis pengaruh profitabilitas, pertumbuhan perusahaan dan ukuran perusahaan terhadap kebijakan utang pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia. Jumlah populasi seluruh Perusahaan Manufaktur di Sektor Industri Barang Konsumsi yang terdaftar di Bursa Efek Indonesia dari tahun 2018 sampai tahun 2022. Pemilihan sampel menggunakan purposive sampling dan diperoleh sebanyak 15 perusahaan. Data sekunder berupa laporan keuangan tahunan perusahaan selama 5 tahun (2018-2022). Menggunakan teknik analisis regresi berganda dan pengujian hipotesis menggunakan uji F dan uji t. Hasil penelitian menunjukkan bahwa profitabilitas, pertumbuhan perusahaan dan ukuran perusahaan berpengaruh signifikan terhadap kebijakan utang. Profitabilitas berpengaruh signifikan terhadap kebijakan utang, sedangkan pertumbuhan perusahaan tidak berpengaruh signifikan terhadap kebijakan utang, dan ukuran perusahaan tidak berpengaruh signifikan terhadap kebijakan utang.

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Section: Pendahuluanunclassified

Faktor-Faktor Yang Mempengaruhi Kebijakan Hutang Pada Perusahaan Manufaktur

Kosim,

Kalsum,

Permana

et al. 2024

ISO

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“…Sales growth is one of the key factors for achieving a high profitability rate. Companies can achieve sales growth of existing products or services, or based on diversification and sales of new products and services (Vuković et al, 2022). Increasing direct sales of products and services will lead to more revenue (Bhandari et al, 2024).…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of sales growth on manufacturing companies' profitability in the Republic of Serbia: Panel data analysis

Nuševa,

Dakić,

Peštović

et al. 2024

Strategic Management

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Background: Sales growth is one of the key factors for achieving a target high profitability rate. Sales growth provides more comprehensive use of companies' capacities, thereby allocating fixed costs to higher value of revenue resulting in higher profitability rate. Purpose: The aim of this paper is to examine the impact of sales growth on manufacturing companies' profitability in the Republic of Serbia during 2018-2021. Study design/methodology/approach: The profitability as a dependent variable was measured as return on assets, while the size of the company, current ratio, leverage, sales growth, and inventory ratio were set as independent variables. The research was based on a sample of 200 observations of large and medium size manufacturing companies and panel regression models were used. Findings: The results indicate that there is a positive and significant impact of inventory ratio and sales growth on the return on assets. The profitability of manufacturing enterprises increases with the increase in sales. The results of this paper are expected to be used by the management of manufacturing companies to be more careful to achieve stable business and development. Limitations/future research: Recommendations, limitations, and future research are given in the conclusions.

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“…Current liquidity is one of the most well-known measures of liquidity because this indicator measures the ability of a firm to use current assets that may be transformed into cash to pay short-term debt that is due within a year (Novotna et al, 2023). A value higher than 1 is recommended, even if the monitoring of this financial indicator va-ries depending on the industry in which the enterprise operates (Vukovic et al, 2022). If this indicator indicates a steadily declining trend or a lower value when compared to the industry average, the firm could be encountering problems with liquidity.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Corporate Debt Dynamics: Sectoral Clustering Analysis Using NACE Classification in Slovakia

Gajdosikova,

Valaskova,

Lopatka

et al. 2024

JOBS Journal

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Research background: Many authors are currently exploring the impact of the industry on the financial structure of enterprises since there are statistically significant differences across various sectors, exposing the industry as a critical factor influencing corporate indebtedness. Clusters of sectors with homogeneous patterns of indebtedness and comparable levels of debt in various economic conditions may be determined, and, therefore, firms and their debt levels should be systematically examined and evaluated. Purpose of the article: The main aim of this paper is to evaluate the level of debt in the Slovak environment on a sample of 19,480 firms from various sectors and to identify the relationships among them to identify sectors with homogeneous patterns of indebtedness and, consequently, comprehend which sectors are the most stable and independent. Methods: Because NACE classification provides a framework for gathering and presenting statistical data based on many economic sectors, the number of input data was reduced based on cluster analysis. Using Ward's hierarchical clustering method using squared Euclidean distance, selected indebtedness ratios were used to define the sectors with comparable debt levels. To determine if there were statistically significant differences between the calculated debt ratios related to the economic sector, the Kruskal-Wallis test was performed. Subsequently, as the results indicated significant differences across various indebtedness ratios, a post hoc analysis was performed. Findings & Value added: A group of NACE activities in which enterprises are sufficiently comparable that it is appropriate to evaluate their debt levels using the chosen indebtedness ratios are considered to be in sectors C, F, G and H, which included to tertiary sector, while the sectors K, R and S may also be grouped in one cluster, while form the secondary sector. The key relevance of our findings is the benchmarking of selected sectors about indebtedness, which may be used to further examine their growth in each of the V4 nations, which is an essential area for the evolution of the European economy as a whole. Studies considering a relatively significant amount of capital structure determinants may be beneficial to owners and managers, regulators, and financial institutions since debt policy affects firm performance, value, and survival.

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The Analysis of Company Growth Determinants Based on Financial Statements of the European Companies

Cited by 17 publications

References 28 publications

Faktor-Faktor Yang Mempengaruhi Kebijakan Hutang Pada Perusahaan Manufaktur

Faktor-Faktor Yang Mempengaruhi Kebijakan Hutang Pada Perusahaan Manufaktur

The impact of sales growth on manufacturing companies' profitability in the Republic of Serbia: Panel data analysis

Corporate Debt Dynamics: Sectoral Clustering Analysis Using NACE Classification in Slovakia

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