ANALYSIS OF TOURISM ENTERPRISE PERFORMANCE EVALUATION BY ENTERPRISE PERFORMANCE MODEL

  • Sofrankova, B.
  • Kiselakova, D.
  • Matkova, S.
Abstract:
Under the current unstable market economy conditions, every business entity must constantly monitor the development of its financial situation, competition, get new customers and offer new products and services. From the point of view of financial managers, it is the continuous monitoring and assessment of the financial situation of the business entity. Given the dynamically changing economic environment, it is essential to monitor enterprise performance analysis not only in terms of the past, but also to focus on predicting future developments. Such a complex analysis is now an indispensable part of the assessment of each company's financial situation. The aim of the paper was to analyze the performance evaluation of selected tourism enterprises by applying financial - economic indicators and modern concepts of performance evaluation – indicator Economic Value Added (EVA). Appropriate statistical methods helped to identify significant determinants taking into account the specificities of tourism enterprises that have become input indicators for creating an innovative Enterprise Performance Model (EPM) for tourism enterprises operating in the conditions of the Slovak business environment.
SGEM Research areas:
Year:
2017
Type of Publication:
In Proceedings
Keywords:
Financial Indicators; Economic Value Added; Enterprise Performance Model; PCA
Volume:
17
SGEM Book title:
4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017
Book number:
3
SGEM Series:
International Multidisciplinary Scientific Conference on Social Sciences and Arts-SGEM
Pages:
753-761
Publisher address:
51 Alexander Malinov blvd, Sofia, 1712, Bulgaria
SGEM supporters:
Bulgarian Acad Sci; Acad Sci Czech Republ; Latvian Acad Sci; Polish Acad Sci; Russian Acad Sci; Serbian Acad Sci & Arts; Slovak Acad Sci; Natl Acad Sci Ukraine; Natl Acad Sci Armenia; Sci Council Japan; World Acad Sci; European Acad Sci, Arts & Letters; Ac
Period:
24 - 30 August 2017
ISBN:
978-619-7408-15-7
ISSN:
2367-5659
Conference:
4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017, 24 - 30 August 2017
DOI:
10.5593/sgemsocial2017/13/S04.094
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