The Use of Financial and Nonfinancial Measures within Innovation Management Control: Experience and Research

Žižlavský, Ondřej

doi:10.14254/2071-789x.2016/9-4/3

Cited by 12 publications

(10 citation statements)

References 75 publications

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“…A lot of researches and authors specify that it is suitable to monitor both financial and non-financial indicators for the measurement of the enterprise's overall performance (Dobrovic, Lambovska, Gallo, & Timkova, 2018;Alaka et al, 2017;Zizlavsky, 2016). In connection with the assessment of the enterprise's performance, Hornungová (2017) emphasizes the importance of knowledge, and writes that it is sometimes considered as a fifth production factor, and it is, thus, necessary to consider it while evaluating the enterprise's results.…”

Section: Literature Reviewmentioning

confidence: 99%

Obvious and Hidden Features of Corporate Default in Bankruptcy Models

Kuběnka

Myšková

2019

Journal of Business Economics and Management

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The aim of this article is to prove the key role of the structure of the research sample used for accuracy determining on the accuracy of bankruptcy models. The creators of these models report the accuracy usually in the range of 60 to 90%. The authors of this article claim that these values are inaccurate and misleading. The real I. type error should be detected on a sample where obvious features of financial default were eliminated. The research tested more than 1200 of thriving businesses and also 270 businesses in future bankruptcy. The research has determined real current accuracy of selected three bankruptcy models on the standard sample of Czech businesses amounting 67.77%, 62.27% and 74.36%. This confirmed hypothesis no. 1, which says that actual accuracy of bankruptcy model is lower than original accuracy indicated by model makers. An accuracy of 58.70%, 61.59% and 65.94% was measured on a sample where businesses with obvious features of financial distress were eliminated. Due to the modification of the test sample, the order of accuracy has changed. This confirmed hypothesis no. 2. The Index of Karas and Reznakova reached the highest overall accuracy of 80.31% including incorrect prediction of bankruptcy also.

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Section: Literature Reviewmentioning

confidence: 99%

Obvious and Hidden Features of Corporate Default in Bankruptcy Models

Kuběnka

Myšková

2019

Journal of Business Economics and Management

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“…Many aspects of taxation, management and deoffshorization of the economy were considered by many scholars. So, Zizlavsky's (2016) work is based on knowledge in the field of innovation management and managerial control. Issues of management and evaluation of the effectiveness of the innovation process are considered.…”

Section: Literature Reviewmentioning

confidence: 99%

Global deoffshorization and its impact on the national and regional economies of eastern european countries

Khalatur

Radzevičius²,

Velychko

et al. 2019

Problems and Perspectives in Management

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In recent years, deoffshorization is a trend and dozens of countries have already started an open fight against offshore accounts. Ukraine is moving to complete deoffshorization in accordance with the new rules for exchanging information on financial accounts and BEPS rules. The purpose of the study was to search for optimal solutions for further improvements in the field of deoffshorization of the national and regional economy of the Eastern European contries, in particular Ukraine. The following methods were used to solve the problems in the work: induction and deduction (in the study of offshore types, the definition of interconnection and interdependence between them), abstract-logical (in generalizing the theoretical foundations of economic deoffshorization ), econometric-statistical (in assessing the state and dynamics of export-import operations of Ukraine with offshore jurisdictions), statistical analysis.On the basis of theoretical and empirical conclusions, the main consequences, which are the result of the study of global deoffshorization in conditions of financial control and its influence on the national and regional economy of Ukraine, are presented. The article provides a correlation analysis of the dependence of the export index to the UK from Ukraine with export, import and balance of offshore countries. A study was conducted on the presence or absence of a relationship between the volume of balance, exports and imports from Ukraine to the United Kingdom with the macroeconomic indicators of the national economy of Ukraine.

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“…Comprehensive analysis of FD consequences allows to summarize its positive and negative aspects. So, the most widespread positive results of FD can be summarized as follows: fostering accountability and transparency of local government activities (Feruglio and Anderson, 2008;Faguet, 2012;Vasylyeva et al, 2014), and improving quality of public service delivery through compliance the principle of subsidiarity (Martinez-Vazquez, 2011;Faguet, 2012;Zizlavsky, 2016). Despite broad support of fiscal decentralization measures, experts also emphasize the existence of certain risks of its implementation, such as: an increase of macroeconomic instability level due to lack of centralized control over local finances (Feruglio and Anderson, 2008;Siemiatkowski, 2017); high dependence of reform effectiveness on the competence of local authorities (Bahl, 1999;Hart and Welham, 2016;Bobenic Hintosova et al, 2018); lack of financial support for projects covering several jurisdictions (for example, repairing roads of that cover territory of several regions - Shah, 2004;Chygryn, 2016); deepening of horizontal imbalances and competition between municipalities for financial resources (Lyeonov et al, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%