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Measuring Economic Efficiency – Experience Of Managing Enterprises

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  • WASILEWSKI, MIROSŁAW
  • ŻURAKOWSKA-SAWA, JOANNA

Abstract

The aim of the study is to recognize management opinions on the issue of measuring economic efficiency in industrial enterprises.The article uses information from an interview conducted with the use of a questionnaire. The research objects were industrial enterprises represented by joint stock companies from the macro-sector of industry according to the classification of the Warsaw Stock Exchange (WSE). In order to assess the economic effectiveness of enterprises, profitability ratios are most often used by managers. The assessment of economic efficiency in over half of the companies is carried out quarterly, by special departments, as well as by accounting departments, which are responsible for this. Managers in each economic unit, individually and with regard to information or decision-making needs, should specify the scope as well as the criteria for measuring economic efficiency. Both financial and non-financial measures should be used to measure economic efficiency in enterprises.

Suggested Citation

  • Wasilewski, Mirosław & Żurakowska-Sawa, Joanna, 2020. "Measuring Economic Efficiency – Experience Of Managing Enterprises," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2020(1).
    • Handle: RePEc:ags:paaero:308184
    DOI: 10.22004/ag.econ.308184
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    References listed on IDEAS

    as
    1. Kuś, Agnieszka & Żurakowska-Sawa, Joanna, 2017. "Phases In The Lifecycle Of A Company And The Profitability Of Industrial Companies," Economic and Regional Studies (Studia Ekonomiczne i Regionalne), John Paul II University of Applied Sciences in Biala Podlaska, vol. 10(4), December.
    2. Kuś Agnieszka & Żurakowska-Sawa Joanna, 2017. "Phases in the Lifecycle of a Company and the Profitability of Industrial Companies," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 10(4), pages 62-75, December.
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    Keywords

    Financial Economics;

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