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Modern Factors That Enhance Company'S Financial Performance

Author

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  • Gruian Claudiu-Marian

    (Universitatea de Vest din Timisoara, Facultatea de Economie si de Administrare a Afacerilor)

Abstract

Company performance varies among economic sectors, countries and regions. It is influenced by a very large number of factors. This study aims at identifying and analyzing the determinants that must be considered by company's management presently in order to face competition and achieve superior financial performance. The research methodology used is specific for the theoretic nature of the article and includes literature review, comparative analysis and synthesis. Results validate and argue as relevant modern factors that influence the performance of contemporary companies: organizational culture, corporate social responsibility, innovation, knowledge spillovers. Study limits refer to the fact that these four factors are not entirely responsible for modern business performance and future research should be done to develop an integrative point of view on overall performance determinants. This paper is a dissemination of the results obtained by the author in the doctoral program "The financial performance of EU member states' companies", coordinator: Professor Carmen Corduneanu, PhD, carried out within West University of Timişoara, Romania, in the period October 2010- July 2012.

Suggested Citation

  • Gruian Claudiu-Marian, 2011. "Modern Factors That Enhance Company'S Financial Performance," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 169-175, December.
    • Handle: RePEc:ora:journl:v:1:y:2011:i:2:p:169-175
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    References listed on IDEAS

    as
    1. Jeroen de Jong & Ron Kemp & Mickey Folkeringa & Wubben, 2003. "Innovation and firm performance," Scales Research Reports H200207, EIM Business and Policy Research.
    2. Roberto Garcia-Castro & Miguel Ariño & Miguel Canela, 2010. "Does Social Performance Really Lead to Financial Performance? Accounting for Endogeneity," Journal of Business Ethics, Springer, vol. 92(1), pages 107-126, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial performance; organizational culture; innovation; corporate social responsibility; knowledge spillovers;
    All these keywords.

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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