scholarly journals CONCEPTUAL APPROACH TO PERFORMANCE ASSESSMENT AND INTENSIFICATION OF CORPORATE FINANCE

2021 ◽  
Vol 9 (2) ◽  
pp. 166-170
Author(s):  
Sergey Il'in ◽  
Gamlet Ostaev ◽  
Aleksandr Podrezov ◽  
Oksana Zlobina
Keyword(s):  
Corporate Finance ◽  
Performance Indicators ◽  
Cash Flows ◽  
Economic Science ◽  
Economic Activities ◽  
Conceptual Approach ◽  
Resource Potential ◽  
Subsequent Change ◽  
Net Profit ◽  
Efficiency Indicators

The article discloses the author's position on the issues of calculating indicators reflecting the efficiency and intensification of the finances of organizations engaged in large business (corporate finance), which is the most popular among both the population and the state, due to their possession of hypertrophic resource potential, which they need rationally ( effectively) apply in the process of carrying out economic activities, including absolute leadership financial opportunities. It is based on the diversification of corporations' activities, which is a set of operational, investment, financial commercial transactions with corresponding cash receipts (results) and payments (costs), when comparing them with each other, performance indicators are formed that affect their subsequent change (intensification) ... The content of this position includes a toolkit composed of the proposed methods for determining the efficiency indicators and intensification of corporate finance of a direct (direct) and indirect (indirect) nature, which do not contradict the interpretations of both categories established in economic science and fully disclose the mechanism for the formation of interacting results. (net profit) and costs (payments), performance (direct profitability or direct profitability) and cost (indirect profitability or indirect profitability) of cash flows. All of these techniques will help managers heading corporations in accurately assessing efficiency and intensifying finance, including through the harmony of statistical and mathematical calculation postulates that fit into the concept developed by the authors.

scholarly journals JUSTIFICATION OF CHOICE OF EFFICIENCY INDICATORS OF COMPANIES ON THE EXAMPLE OF OIL AND GAS COMPLEХ

2019 ◽  
Vol 2 (5) ◽  
pp. 257-265
Author(s):  
Anzhelika Kurepova ◽  
Daria Yuva
Keyword(s):  
Factor Analysis ◽  
Performance Indicators ◽  
Oil And Gas ◽  
Financial Reports ◽  
Return On Equity ◽  
Net Profit ◽  
Is Evaluation ◽  
Object Of Study ◽  
Oil And Gas Companies ◽  
Efficiency Indicators

The article presents an analysis of the performance indicators of oil and gas companies, justification of the choice the most appropriate indicators for different company comparison. The author made and introduced indicators’ classification according to various criteria: in the form of expression, depending on the object of study and others. To compare companies, you can not use indicators which were counted by these companies because of the different structure of indicators. In this case, you need to count all indexes by your own using financial reports to make a united structure. The aim of the work is evaluation of the efficiency of companies of oil and gas complex and making a factor analysis of indicators of efficiency. To fulfill the goal author used formulas for counting indicators. One of the results of this work is that ROE (Return On Equity) is one of the most important and representative indexes because it shows how effective money of shareholders is used. It has a sense because all analyzed companies are joint-stock. Using a decomposition and factor analysis of ROE author showed that with an increase in net profit and equity at the same percentage, the return on equity is more sensitive to changes in net profit. And in the situation of decreasing the same elements, ROE is more sensitive to changes in equity.

scholarly journals Transformation of Criteria for the Efficiency of Economic Activities of Countries in the Context of the Modern Model of Globalization

2019 ◽  
Vol 20 (2) ◽  
pp. 261-293 ◽  
Author(s):  
Galina Makarova ◽  
Vasilii Rudyakov
Keyword(s):  
Geographic Location ◽  
Developed Countries ◽  
Economic Research ◽  
Economic Science ◽  
Main Task ◽  
Economic Activities ◽  
Factors Affecting ◽  
Trade Relations ◽  
Stage Of Development ◽  
National Economies

Although macroeconomics as an independent economic science emerged only in the twen­tieth century, the first steps in developing the macroeconomic aspect of efficiency were taken several centuries earlier — beginning from the 16th — 17th centuries — at the pre-industrial stage of development of society. Due to the underdevelopment of the production sphere, the search for sources of growth in the efficiency of national economies at that time was mainly carried out from the most general economic positions — as an integral part of solving the main task of the economics of those eras — searching for ways and means of increasing the wealth of nations. At the same time, naturally, among the first were the climatic and foreign economic factors of increasing the efficiency of national economies. For example, factors related to identifying the advantages of various countries in a geographic location and the ability to solve their economic problems by using the most advantageous options for organizing and conducting foreign economic and trade relations. The transition of developed countries to new stages of development — industrial and postindustrial, as well as the selection by John M. Keynes of the new direction of economic research — macroeconomics, historically leads both to a deepening of the meaning of the very category of “macroeconomic efficiency” and to more detailed studies of factors affecting it.

scholarly journals Methodic of development of coordinated management decisions of distribution of net profit at the enterprise

2018 ◽  
Vol 80 (3) ◽  
pp. 392-415 ◽  
Author(s):  
D. A. Shageev ◽  
I. M. Peregrimova
Keyword(s):  
Economic Science ◽  
Management Decisions ◽  
Analytic Hierarchy ◽  
Legal Form ◽  
Numerical Scale ◽  
Net Profit ◽  
Kolmogorov Smirnov ◽  
High Degree ◽  
Hierarchy Process ◽  
Authorized Capital

The article formulates the problem of development and coordination of management decisions of distribution of net profit of the enterprise for owners. The analysis of scientific views, mechanisms, methods and provisions to address this problem. As a result of the analysis it was found out that none of the considered articles solved this problem even to a minimum extent. Therefore, the proposed method is relevant not only for the owners of enterprises, but also for economic science. The technique is based on the analytic hierarchy process (AHP) T. Saaty. This method allows to formulate management decisions of distribution of net profit in the form of hierarchies and to carry out the pair assessment of these decisions in special matrices taking into account weight categories of experts/owners in the form of shares, in authorized capital. The study found that such an indicator as the ratio of consistency (OS) of matrices and hierarchies does not solve the problem sufficiently. Therefore, it is proposed to add or in some cases even replace the indicator with the Pierson-Kolmogorov-Smirnov consistency criteria. Thus, in the technique there is a possibility of triple coordination of decisions in the form of matrix estimates in MAI. To improve the level of consistency of these criteria, the modification of The full numerical scale of T. Saati from 17-point to 9-point and 7-point was made. The method also presents the indicator of the level of the resulting consistency of decisions (URSR) measured by the verbal-numerical scale Of E. Harrington in combination with such characteristics as consensus, compromise, conflict of medium and high severity. Any number of experts/owners and their authorized representatives can be involved in the implementation of the methodology without restrictions. The technique is characterized by a high degree of versatility and flexibility. Therefore, it can be used in enterprises with any organizational and legal form of management. The article presents the results of testing methods on the example of the industrial enterprise "Magma".

Mission statements exposed

2003 ◽  
Vol 15 (5) ◽  
pp. 255-262 ◽  
Author(s):  
Tahir Sufi ◽  
Howard Lyons
Keyword(s):  
Performance Indicators ◽  
Hospitality Industry ◽  
Corporate Strategy ◽  
Mission Statements ◽  
Financial Success ◽  
Return On Equity ◽  
Net Profit ◽  
Management Literature ◽  
The Relationship ◽  
Annual Turnover

In the strategic management literature mission statements are said to be an inseparable part of corporate strategy. It has been argued that they have an impact on the performance of the organization, yet the evidence is unclear. This study is an investigation into the relationship between the financial success of hospitality enterprises and their mission statements. Mission statements of 30 top hospitality enterprises were evaluated. This sample is of significance as it represents some of the largest corporations, and about 200 of the largest brands in the hospitality industry. The mission statements were scored and these scores were tested for correlation with three financial performance indicators. The results indicated that while there was a statistically significant correlation between the mission statements and the annual turnover, there was no significant correlation with the net profit margin or the return on equity. The article concludes by considering how firms may improve their performance by better managing their mission statements.

Autozone, Inc.

2017 ◽  
pp. 1-17 ◽  
Author(s):  
Kenneth M. Eades ◽  
Justin Brenner
Keyword(s):  
Corporate Finance ◽  
Stock Price ◽  
Cash Flows ◽  
Share Repurchases ◽  
Introductory Course ◽  
Portfolio Manager ◽  
Financial Strategies ◽  
Mark Johnson

The case can be taught in an introductory corporate finance course or to more experienced students or executives to spur a discussion about share repurchases and corporate financial strategies in general. If used in an introductory course, the case is most effective if preceded by a traditional dividend class. It follows a portfolio manager of Johnson & Associates, Mark Johnson, who is reviewing his holdings, including his position in AutoZone in early 2012. A prominent shareholder, Edward Lampert, had begun liquidating his position in AutoZone, and Johnson is concerned that Lampert's reduced position could lead the company to stop using share repurchases as a method of distributing cash flows to shareholders. The case lists a number of alternative uses for the cash flows and asks students to assume Johnson's role as an analyst and assess the likely impact of those alternatives on AutoZone's stock price.

scholarly journals The Relationship Between Intellectual Capital and Financial Performance of Banks in Tanzania

2016 ◽  
Vol 7 (1) ◽  
pp. 28
Author(s):  
Janeth N. Isanzu
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Performance Indicators ◽  
Data Set ◽  
Capital Efficiency ◽  
Period Data ◽  
Relationship Of ◽  
The Relationship ◽  
Efficiency Indicators

This study examines intellectual capital (IC) performance of banks operating in Tanzania,and investigates the relationship of IC on financial performance. It identifies the IC componentsthat may be the drivers of the traditional indicators of bank success. The study uses the ValueAdded of Intellectual Coefficient VAIC™ methodology, to measure the Intellectual Capitalefficiency of the Banks using a four years period data set from 2010 to 2013. The results of asurvey, show that intellectual capital performance of Tanzania is low and it is positively associatedwith bank financial performance indicators. However, when VAIC is split into its components, therelationships between these components and bank financial performance indicators vary. Threevalue efficiency indicators, Human Capital Efficiency (HCE), Capital Employed Efficiency (CEE) andStructural Capital Efficiency (SCE) which are the components of VAIC™ ratio, were used in theanalysis.

Managing cash flow. Practicum

2019 ◽  
Author(s):  
Павел Жуков ◽  
Pavel Zhukov
Keyword(s):  
Corporate Finance ◽  
Cash Flow ◽  
Financial Management ◽  
Cash Flows ◽  
Educational Programme ◽  
Flow Management ◽  
General Manager ◽  
Cash Flow Management ◽  
Financial Profile

Textbook "managing cash flow" is based on a similar discipline which is part of the educational programme of the Financial University for training Bachelors to direction of preparation 38.03.02 "management", financial profile. Discipline treats all topics of general courses in financial management and corporate finance. Difference of discipline is that it focuses on cash flow management (rather than capital, profitability, etc.) and consequently, the discipline examines corporate finance and financial management in terms of cash flow management. Cash flow management is usually the essence of the work of a Finance Manager, and it treats activities of an Organization in terms of cash flows. That is usually a feature of outlook of financial manager and distinguishes it from other managers. Due to the nature of their work, financial managers must also bear in mind the issues of competitiveness, efficiency, profitability and sustainability of the company, which commonly are the focus of the General Manager. The workshop aims to develop the skills necessary for this activity.

scholarly journals A conceptual approach to strategic performance indicators

2016 ◽  
Vol 3 (4) ◽  
pp. 132-142 ◽  
Author(s):  
Tom Dolan ◽  
Claire L. Walsh ◽  
Chris Bouch ◽  
Neil J. Carhart
Keyword(s):  
Performance Indicators ◽  
Conceptual Approach ◽  
Strategic Performance

scholarly journals Economic polarization of the Hidalgo Territory. An approach from the concept of space

2020 ◽  
Vol 2 (3) ◽  
pp. 1-11
Author(s):  
Maximiliano Gracia
Keyword(s):  
Spatial Dimension ◽  
Economic Indicators ◽  
Economic Science ◽  
Economic Activities ◽  
Production Factors ◽  
Impossible Task ◽  
Municipal Level

When economic science is reflected, space is a fundamental element for its study, and is that it plays a key role in the development of economic activities. Each economy has a spatial dimension and production factors operate through space. Economic operators determine their localization decisions and this can largely determine the development of a region. Using economic indicators at municipal level is a nearly impossible task. INEGI (National Institute of Statistics and Geography) does not offer statistics on municipal GDP in Hidalgo. With calculated estimates and data for all municipalities in Hidalgo, showed the existing polarization among them, the gap between the richest and the poorest municipalities was 330 times.

scholarly journals IMPACT OF DEPRECIATION OF FIXED ASSETS ON FORMATION OF OWN INVESTMENT RESOURCES OF AN ENTERPRISE

2021 ◽  
Vol 1 (24) ◽  
pp. 84-91
Author(s):  
V.I. Martynov ◽  
◽  
Keyword(s):  
Performance Indicators ◽  
Scientific Literature ◽  
Linear Method ◽  
Final Performance ◽  
Accelerated Methods ◽  
Fixed Assets ◽  
Net Profit

Own investment resources of an enterprise mean depreciation charges and net profit spent for development. Modern scientific literature widely discusses the opinion that there is an optimal depreciation policy, which makes it possible to increase own investment resources of an enterprise. Increase of such resources allegedly stimulates accelerated replacement of obsolete equipment. The paper doubts such assessment and substantiates the conclusion that there is no such notion as "optimal depreciation policy" which could increase own investment resources of an enterprise. Investigation of the problem has been carried out on the basis of enterprise work results modeling by linear method of depreciation of fixed assets and by accelerated methods. Depreciation charges and net profit spent for development were used as final performance indicators of an enterprise.

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