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Analyzing Financial Factors to Improve Production and Business Efficiency

Author

Listed:
  • N.V. Huan
  • N.T. Hang

Abstract

Purpose: The paper’s aim is to analyze the business and production activities of an enterprise on researching and analyzing financial situation and factors affecting financial indices. On this basis, the article gives a panoramic view of the current financial situation and offers effective solutions to manage finances. Design/Methodology/Approach: In this article we have conducted a survey and analyzed the reality of the financial situation of TISCO in the period of 2016-2018. On that basis, the authors proposed an effective financial management solution for TISCO. Findings: On the basis of analyzing the advantages of an enterprise financial factor analysis methods the paper took advantage of the strengths of the existing method combined with testing analysis, descriptive statistics and charts to assess the current situation and give general and specific overview of the financial situation of large Vietnamese enterprises such as TISCO. The paper suggests a solution for the corporate restructuring of TISCO. Practical implications: Based on the methods of financial factor analysis combined with descriptive statistical analysis the article has been applied to analyze and assess the actual financial situation in large enterprises in Vietnam and make recommendations on corporate financial management to help businesses operate more effectively. Originality/Value: The authors have conducted research and applied the analysis of the financial reality of a large enterprise that is now in a period of great loss. This article gives an accurate, honest and objective assessment of the reality of TISCO making effective recommendations on corporate financial management.

Suggested Citation

  • N.V. Huan & N.T. Hang, 2020. "Analyzing Financial Factors to Improve Production and Business Efficiency," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 42-50.
    • Handle: RePEc:ers:ijebaa:v:viii:y:2020:i:1:p:42-50
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    References listed on IDEAS

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    1. Panayiotis Curtis & Jonh Thalassinos, 2005. "Equity fund raising and “creative” accounting practices: Indications from Athens Stock Exchange for the 1999-2000 period," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 127-127.
    2. R. Rupeika-Apoga S. Saksonova, 2018. "SMEs' Alternative Financing: The Case of Latvia," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 43-52.
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    More about this item

    Keywords

    Financial indices; TISCO-Thai Nguyen Iron and Steel Joint Stock Company.;

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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