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The Need To Improve Performance Indicators Used In The Global Evaluation Of The Company

In: 16th Economic International Conference NCOE 4.0 2020

Author

Listed:
  • Cristina Iacoban

    (†Stefan cel Mare†University of Suceava, Suceava, Romania)

  • Svetlana Mihaila

    (Academy of Economic Studies of Moldova, Chisinau, Republic of Moldova)

  • Elena Hlaciuc

    (†Stefan cel Mare†University of Suceava, Suceava, Romania)

Abstract

The purpose of this paper is to identify the most relevant performance indicators that need to be improved in order to assess as objectively as possible the overall value of the company. In order to achieve the proposed goal we set the following objectives: objective 1 - establishing the main performance indicators according to the company's field of activity, objectives, mission and vision of the company and objective 2 - identifying the most relevant indicators established by achieving objective 1, which need to be improved as a result of the evolution of technological and economic progress that is currently being made. The obtained results consist in offering viable solutions regarding the most realistic evaluation of the global value of an economic entity by improving the economic-financial indicators used. The results can be of real use for all companies, regardless of the field of activity, which want a more objective global assessment of their values, for shareholders or associates, for employees, for creditors and all commercial participants, but also for rating agencies.

Suggested Citation

  • Cristina Iacoban & Svetlana Mihaila & Elena Hlaciuc, 2020. "The Need To Improve Performance Indicators Used In The Global Evaluation Of The Company," Book chapters-LUMEN Proceedings, in: Carmen NÄ‚STASE (ed.), 16th Economic International Conference NCOE 4.0 2020, edition 1, volume 13, chapter 12, pages 130-138, Editura Lumen.
    • Handle: RePEc:lum:prchap:13-12
    DOI: https://doi.org/10.18662/lumproc/ncoe4.0.2020/12
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    References listed on IDEAS

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    1. Marian Socoliuc & Veronica Grosu, 2015. "Financial Instruments Evaluation And The Difficulties Of Economic And Financial Communication," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 226-230, April.
    2. Bostan, Ionel & Grosu, Veronica, 2011. "Contribution of Balance Scorecard Model in Efficiency of Managerial Control," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 178-199, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Performance evaluation; performance indicators; profitability;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • F1 - International Economics - - Trade
    • F3 - International Economics - - International Finance
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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