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The Business Performance And Competitiveness Of The Large Enterprises Operating In Hungary

Author

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  • Duduk Sapine Ildiko

  • Fenyves Veronika

Abstract

The study examined the business performance and competitiveness of the large enterprises operating in Hungary. The company competitiveness research is a topic relevant and can be considered as current economic problem, because the company stakeholders are meeting with the fact on a daily basis that the power and intensity of the competition is constantly growing. Hungarian and foreign analysts and researchers are continually analysing this topic, which also verifies the actuality of the competitiveness surveys. In recent years numerous bank and large corporation bankruptcy and financial and economic crisis also pointed out to the danger and power of the speculation. Therefore it became clear for the stakeholders that they should have reliable and real information about the business performance and competitiveness of the companies. This information is the financial statements of the corporations, which are prepared by accounting professionals and disclosed to the public in accordance with legal provisions. The company stakeholders should continually monitor the changes in the economic environment, in view of available creditable information they should find correct answers to these changes in the different competition, and adapt in the most appropriate way. The large enterprises performances are significant in the national economy level in the gross value added production, in export ensuring and in employment. Their economy is very important, and the knowledge and examination their business performance. The forthcoming changes in the global economy, the system change and the EU accession have been constantly challenging the companies; they force them to face with competition in local and global levels, therefore the creation, preservation and growth of competitiveness became a basic objective for every corporation. The result of every company activity appears in the business performance, which can be analysed with financial indicators, and in comparison with the competitors’ results characteristics and peculiarities of their competitiveness can be revealed.

Suggested Citation

  • Duduk Sapine Ildiko & Fenyves Veronika, 2017. "The Business Performance And Competitiveness Of The Large Enterprises Operating In Hungary," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 599-608, July.
    • Handle: RePEc:ora:journl:v:1:y:2017:i:1:p:599-608
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    References listed on IDEAS

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    1. Gary S. Hansen & Birger Wernerfelt, 1989. "Determinants of firm performance: The relative importance of economic and organizational factors," Strategic Management Journal, Wiley Blackwell, vol. 10(5), pages 399-411, September.
    2. Chad Syverson, 2011. "What Determines Productivity?," Journal of Economic Literature, American Economic Association, vol. 49(2), pages 326-365, June.
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    More about this item

    Keywords

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    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • I2 - Health, Education, and Welfare - - Education
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General

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