Detail publikace

The impact of the financial crisis on business performance of manufacturing companies in the South Moravian Region

Originální název

The impact of the financial crisis on business performance of manufacturing companies in the South Moravian Region

Anglický název

The impact of the financial crisis on business performance of manufacturing companies in the South Moravian Region

Jazyk

en

Originální abstrakt

The objective of the article is to determine the impact of the financial crisis on the performance of South Moravian firms during the period 2006-2014. Of particular interest will be the effect on economic performance. The article is based on secondary research conducted among SMEs in the South Moravian Region. The secondary research consists of secondary data acquired from the database Amadeus and the relevant scientific literature. The sample contains 200 companies operating in the manufacturing industry. Three financial indicators were selected to obtain proper results. The findings are processed using statistical indicators, average and median. As was shown by the literature, the impact of the financial crisis on firm performance is of great importance. Attention should be paid to increases in added value even when revenues are declining. Moreover, to find a balance between cost reduction, quality maintenance and employee satisfaction will be a key success factor for managers.

Anglický abstrakt

The objective of the article is to determine the impact of the financial crisis on the performance of South Moravian firms during the period 2006-2014. Of particular interest will be the effect on economic performance. The article is based on secondary research conducted among SMEs in the South Moravian Region. The secondary research consists of secondary data acquired from the database Amadeus and the relevant scientific literature. The sample contains 200 companies operating in the manufacturing industry. Three financial indicators were selected to obtain proper results. The findings are processed using statistical indicators, average and median. As was shown by the literature, the impact of the financial crisis on firm performance is of great importance. Attention should be paid to increases in added value even when revenues are declining. Moreover, to find a balance between cost reduction, quality maintenance and employee satisfaction will be a key success factor for managers.

BibTex


@inproceedings{BUT138832,
  author="Denisa {Jelčová} and Vojtěch {Bartoš}",
  title="The impact of the financial crisis on business performance of manufacturing companies in the South Moravian Region",
  annote="The objective of the article is to determine the impact of the financial crisis on the performance of South Moravian firms during the period 2006-2014. Of particular interest will be the effect on economic performance. The article is based on secondary research conducted among SMEs in the South Moravian Region. The secondary research consists of secondary data acquired from the database Amadeus and the relevant scientific literature. The sample contains 200 companies operating in the manufacturing industry. Three financial indicators were selected to obtain proper results. The findings are processed using statistical indicators, average and median.  As was shown by the literature, the impact of the financial crisis on firm performance is
of great importance. Attention should be paid to increases in added value even when revenues are
declining. Moreover, to find a balance between cost reduction, quality maintenance and employee
satisfaction will be a key success factor for managers.",
  booktitle="Workshop specifického výzkumu 2016",
  chapter="138832",
  howpublished="online",
  year="2017",
  month="december",
  pages="29--35",
  type="conference paper"
}