Evaluations of Financial Performance Indicators Based on Factor Analysis in Automotive

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F19%3APU130877" target="_blank" >RIV/00216305:26510/19:PU130877 - isvavai.cz</a>

Výsledek na webu

<a href="https://pp.bme.hu/so/article/view/11328/8241" target="_blank" >https://pp.bme.hu/so/article/view/11328/8241</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3311/PPso.11328" target="_blank" >10.3311/PPso.11328</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Evaluations of Financial Performance Indicators Based on Factor Analysis in Automotive

Popis výsledku v původním jazyce

The automotive industry is one of the most significant contributors to the economy of the European Union. This industry employs the largest number highly skilled labors and is a key driver of Europe’s innovation and knowledge so it is an interesting area for research work. Data from 422 subjects in four parts of Europe (include twenty-five countries) have been analyzed. Authors used the factor analysis to eliminate information duplication and reduce dimensionality. At the same time, Pearson’s chi-square test was used to find possible dependencies between observed factors and company size and region of the company. The research brings the conclusion that an alternative hypothesis is applied – all four defined connection between observed indexes and corporate size and region reach accurate values and there is confirmed dependency between them. At the end of the paper, the corresponding map was constructed for graphical representation of both row and column categories and variables. Western companies are at the top of the performance level. Vice versa, southern companies incline to the first quartile, what means they are not focused on performance measurement. The research is focused on the area of performance in the automotive industry in Europe region during last five years. The main aim of this paper is to find key indicators in grouped factors in the field of financial performance of automotive companies because performance is a crucial issue for all individuals and organizations.

Název v anglickém jazyce

Evaluations of Financial Performance Indicators Based on Factor Analysis in Automotive

Popis výsledku anglicky

The automotive industry is one of the most significant contributors to the economy of the European Union. This industry employs the largest number highly skilled labors and is a key driver of Europe’s innovation and knowledge so it is an interesting area for research work. Data from 422 subjects in four parts of Europe (include twenty-five countries) have been analyzed. Authors used the factor analysis to eliminate information duplication and reduce dimensionality. At the same time, Pearson’s chi-square test was used to find possible dependencies between observed factors and company size and region of the company. The research brings the conclusion that an alternative hypothesis is applied – all four defined connection between observed indexes and corporate size and region reach accurate values and there is confirmed dependency between them. At the end of the paper, the corresponding map was constructed for graphical representation of both row and column categories and variables. Western companies are at the top of the performance level. Vice versa, southern companies incline to the first quartile, what means they are not focused on performance measurement. The research is focused on the area of performance in the automotive industry in Europe region during last five years. The main aim of this paper is to find key indicators in grouped factors in the field of financial performance of automotive companies because performance is a crucial issue for all individuals and organizations.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Periodica Polytechnica, Social and Management Sciences

ISSN

1416-3837

e-ISSN

—

Svazek periodika

27

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

HU - Maďarsko

Počet stran výsledku

11

Strana od-do

26-36

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85062838697