Designing an advanced PPE model to measure performance and efficiency of Slovak spa enterprises
Článekpeer-reviewedpublishedSoubory
Datum publikování
2019
Vedoucí práce
Oponent
Název časopisu
Název svazku
Vydavatel
Univerzita Pardubice
Abstrakt
Each model for measuring performance and prediction is different as it uses
different mathematical approaches and works with different indicators. In the era of
rapidly changing economic environment, the standard methods for measuring
financial performance and assessing financial health are less adequate. Most authors
focus on enhancing the predictive ability of original models by responding
appropriately to the existing changed economic environment as the identification,
increasing and managing enterprise performance and efficiency represent a key tool
of today's competitive struggle. The objective of the paper is to create and then apply
in practice a new innovative 3D model (PPE model) evaluating the current financial
position of Slovak spa companies (P – positon), their future development prognosis
(P – prognosis) as well as their efficiency (E – efficiency). The aim of the paper is to
identify and implement traditional key indicators, predictive models and efficiency
indicators within each of the model dimensions while respecting sectoral
characteristics and financial particularities of Slovak spa enterprises. Creating a PPE
model will help to better identify the current financial position of the sampled
enterprises and, in this way, it will be able to reveal the causes hindering the
development of their financial performance to a more accurate extent.
Rozsah stran
p. 30 - 43
ISSN
1211-555X (Print)
1804-8048 (Online)
1804-8048 (Online)
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Projekt
Zdrojový dokument
Scientific papers of the University of Pardubice. Series D, Faculty of Economics and Administration. 46/2019
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open access
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Klíčová slova
PPE model, financial health, bankruptcy models, enterprise efficiency, spa health sector