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2018 | 18(33) | z. 2 | 270--279
Tytuł artykułu

Determining the Performance Measurement of SME from Economic Value Added: Study on Hungary, Somogy County

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
EVA (Economic Value Added) permits commercial businesses to figure out whether the business is operating in profit and the money can be put into effect into a more profitable source. A leading EVA is a sign that the company has a greater value. The goal of this study is to identify if SMEs' actions carried out on a daily basis are able to generate economic value added for their business. The study is based on a comparative study between Hungary and 28 EU countries. The study is carried out in Hungary's region of Somogy county. First, the variables for research were created and research was carried out at ground level. The research used the Expletory Factor analysis method to find EVA determinants. The results showed that determinants work together to reshape the regional industrial growth. The research demonstrated that finance and sluggish production are the major determinants in Somogy county. Entrepreneurs' skills and finance have the major impact, which means that to achieve a high growth in SMEs, policy makers have to solve these two problems and make the policy concentric toward finance and high skill development problem. (original abstract)
Rocznik
Tom
Numer
Strony
270--279
Opis fizyczny
Twórcy
autor
  • Kaposvár University, Hungary
autor
  • Kaposvár University, Hungary
  • Szent István University, Gödöllő, Hungary
  • Warsaw University of Life Sciences - SGGW, Poland
Bibliografia
  • Bahri, M., St-Pierre, J., Sakka, O. (2010). Economic value added:a useful tool for SME performance management. International Journal of Productivity and Performance Management, 60(6), 603-621.
  • Bartel, A. (1994). Productivity gains from the implementation of employee training programs. Industrial Relations, 33(4), 411-425.
  • Garengo, P., Biazzo, S. Bititci, U.S. (2005). Performance measurement systems in SMEs:a review for a research agenda. International Journal of Management Reviews, 7(1), 25-47.
  • Girotra, A., Yadav, S.S. (2001). Economic Value Added (EVA): A new flexible tool for measuring corporate performance. Global Journal of Flexible Systems Management, 2(1), 7-18.
  • Günther, T., Landrock, B., Muche T. (2000). Genwing versus Unternehmenswertorientierte performance - Eine Empirische Untersuchung auf Basis der Korrelation von Kapitalmarktrenditen für die Deutsche DAX-100 - Unternehmen (Profit versus Value Based Performance Measures. An Empirical Investigation Based on the Correlation with Capital Market for German DAX-100 Companies). Controlling, 1(2), 69-75, 2(3), 129-134.
  • Hussein, M., Gunasekaran, A., Laitinen, E.K. (1998). Management accounting system in Finnish service firms. Technovation, 18, 57-67
  • Petrescu, S., Apostol, C. (2009). Value Creation Analysis. Economic Value Added. Theoretical and Applied Economics, 5 (sup.), 118-123.
  • Porter, M.Y., Kramer, M.K. (2002). The competitive advantage of corporate philanthropy. Harvard Business Review, 80(12), 55-69.
  • Sharma, A.K., Kumar, S. (2010). Economic Value Added (EVA) - Literature Review. International Journal of Economics and Finance, 2(2), pp. 200-221.
  • Stern, J.M., Stewart, G.B. and Chew, D.H. (1998). "The EVA financial management system",The Revolution in Corporate Finance, 3rd ed., Blackwell Publishers, Oxford.
  • Stewart, G.B. (1990). The Quest for Value: the EVA management guide, Harper Business, New York.
  • Szeleny, I. (1988). Socialist Entrepreneurs. Embourgeoisement in Rural Hungary. Madison, WI: University of Wisconsin Press.
  • Kim, J. (1999). The relaxation of financing constraints by the initial public offering of small manufacturing firms. Small Business Economics, 12(3), 191-202.
Typ dokumentu
Bibliografia
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bwmeta1.element.ekon-element-000171530864

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