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Considerations on the possibility of measuring the economic and financial performance of the economic entity in accordance with corporate governance

Author

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  • PhD. Mihai C.SAVIN

    (VALAHIA University of Targoviste.)

Abstract

A system for measuring the economic and financial performance plays an important role in managing a business, because it provides the information necessary for decision making and launching of various actions. Tools and indicators for measurement and evaluation of economic and financial performance measures not only economic and financial performance, they are often integrated with policy, strategy, and many other aspects of behavior. Nowadays, complexity management forces managers to look at economic entities financial and economic performance under different angles either profitability or productivity, especially by creating value for shareholders and interest groups. As witch from one measurement system focused on financial parameters to another is only one aspect of change, have also gone to a new management style, participatory performance. The purpose of performance measurement company is multiple: to identify results that success or failure, to identify whether customer needs are met, to help the entity to understand its processes and to confirm what is known or to reveal what is not known, to identify where there are problems and where improvements are needed.

Suggested Citation

  • PhD. Mihai C.SAVIN, 2014. "Considerations on the possibility of measuring the economic and financial performance of the economic entity in accordance with corporate governance," Management Intercultural, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 30, pages 225-241, April.
  • Handle: RePEc:cmj:interc:y:2014:i:30:p:225-241
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    File URL: http://www.mi.bxb.ro/Articol/MI_30_23.pdf
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    References listed on IDEAS

    as
    1. Ştefan MATEI, 2014. "Analysis Of Wine Sector: Developments And Prospects The World And In Europe," Management Intercultural, Fundația Română pentru Inteligența Afacerii, Editorial Department, pages 223-236.
    2. Alexandrina D. CRUCEANU & Izabella ŁĘCKA & Ionel MUNTELE, 2014. "The Health State Our Most Precious Asset? A Short Review," Network Intelligence Studies, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 4, pages 193-208, November.
    3. Stefan MATEI, 2014. "Analiza mediului extern ce influenteaza activitatea companiilor viticole din zona Moldovei," Management Intercultural, Fundația Română pentru Inteligența Afacerii, Editorial Department, pages 138-141.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    corporate diversification; performance measurement system; corporate governance; conflicts of interest;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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