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Economic Efficiency of Real Sector Companies – Nature, Types, Elements, Indicators and Models

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  • Marin Galabov

Abstract

This paper includes an introduction, four parts and a conclusion. It presents a survey focused on the economic efficiency of real sector companies, i. e. the companies operating in the segments of production, trading and services.The presented research work is based on the Bulgarian legal framework regulating the elements of economic efficiency of companies and the economic efficiency itself. The elements represent useful results (economic effects) such as net sales revenue, total income, sale and corporate profits and corporate expenses and resources (assets, capital and personnel) employed in their realization.The discussed issue is topical and important as the use of corporate resources and incurred corporate expenses are directly related to the useful results generated through such resources and expenses. So, companies may analyze, plan, control and seek options to optimize their economic efficiency.The presentation of economic efficiency in terms of the Bulgarian legislation is based on information reported in the financial statements and certain accounts of companies. As we know, the Commercial Register is freely accessed, so experts at a given company may study the efficiency of their competitors using data presented in their financial statements published in the said Register. That access allows lecturers, analysts, consultants and other professionals to study the economic efficiency of other companies. They may use the indicators and models presented in this work as well.

Suggested Citation

  • Marin Galabov, 2020. "Economic Efficiency of Real Sector Companies – Nature, Types, Elements, Indicators and Models," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 28-59.
    • Handle: RePEc:bas:econst:y:2020:i:5:p:28-59
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    File URL: https://www.iki.bas.bg/Journals/EconomicStudies/2020/2020-5/2_MarinGalabov_f-f-1.pdf
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    References listed on IDEAS

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    1. Rossitsa Chobanova, 2020. "Need for a New Paradigm of Economic Development," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 275-288, August.
    2. I Beleva & Richard Jackman & M Nenova-Amar, 1995. "The Labour Market in Bulgaria," CEP Discussion Papers dp0268, Centre for Economic Performance, LSE.
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    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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