Use of Malmquist Index in Evaluating Financial Performance of Companies in Cluster of Czech Furniture Manufacturers

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F20%3A00007803" target="_blank" >RIV/46747885:24310/20:00007803 - isvavai.cz</a>
Result on the web
<a href="https://mme2020.mendelu.cz/" target="_blank" >https://mme2020.mendelu.cz/</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Use of Malmquist Index in Evaluating Financial Performance of Companies in Cluster of Czech Furniture Manufacturers
Original language description
This contribution deals with the influence of membership of a business entity in a cluster organization (CO) on its financial performance. The aim is to verify the hypothesis that the membership in a CO is connected with increasing financial performance of its members in time. In the research sample are included 17 members of the Cluster of Czech Furniture Manufacturers. The data are collected for years 2012–2017. For the assessment of financial performance, the DEA method is applied with two inputs and one output. For inputs were chosen the number of employees and the long-term capital, the economic value added was used as the output. For each company from the sample and periods, the Malmquist index values were calculated. With help of the Malmquist index it was possible to quantify the total factor productivity change and to decompose it to technological change and technical efficiency change. The development of the indicators was monitored in time. In conclusion, the results of the research are discussed. The research has shown an improvement in financial performance of companies in the Cluster of Czech Furniture Manufacturers.
Czech name
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Czech description
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Project
<a href="/en/project/GA18-01144S" target="_blank" >GA18-01144S: An empirical study of the existence of clusters and their effect on the performance of member enterprises</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
38th International Conference on Mathematical Methods in Economics 2020. Conference Proceedings
ISBN
978-80-7509-734-7
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
442-447
Publisher name
Mendel University in Brno
Place of publication
Brno
Event location
Brno
Event date
Jan 1, 2020
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000668460800068

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