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Financial Performance Versus Non Financial Performance. Case Study At Antibiotice Trading Company Iasi

Author

Listed:
  • Belenesi Marioara

    (Universitatea din Oradea, Facultate de Stiinte Economice)

  • Danescu Tatiana

    (Universitatea Petru Maior Targu Mures, Facultatea de Stiinte Economice, Juridice si Administrative)

Abstract

The actual economical conditions, the effect of global crisis and the efforts to pass this turning point, does force trading companies toward an extremely balanced management of performance. Now, when financial indicators are neither so spectacular nor so relevant, and when the principles of a durable development are mentioned over and over, the exigencies of companiesâ€(tm) external environment are higher and higher. This reality does force the companies to pay more attention to social responsibilitiesâ€(tm) assuming and investment into green innovation, as well as to the field of informationâ€(tm)s communication in a relevant way, which should gather financial, social and environment information. The absence of a normalized balance of financial and non-financial indicators used in measuring companiesâ€(tm) global performance, does allow them selecting of “agreed†indicators which should reflect the company under the light of high performance. But, the same reason urges the searcher for some research studies of the most adequate diagnostic model of global performance, which should faithfully reflect companyâ€(tm)s current status. The purpose of this study is to measure the global performance of ANTIBIOTICE Trading Company, taking into account, both financial and non-financial indicators for a period of 5 years. For the financial years 2006 and 2008 companyâ€(tm)s global performance is an acceptable one, while for the financial years 2007, 2009 and 2010 the global performance is a medium one. It should be highlighted the lack of involvement or transparency regarding social and environment responsibility in 2006 and weak financial performance in 2008, indicators which positioned the company to an acceptable level.

Suggested Citation

  • Belenesi Marioara & Danescu Tatiana, 2012. "Financial Performance Versus Non Financial Performance. Case Study At Antibiotice Trading Company Iasi," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 901-909, July.
    • Handle: RePEc:ora:journl:v:1:y:2012:i:1:p:901-909
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    File URL: http://anale.steconomiceuoradea.ro/volume/2012/n1/130.pdf
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    References listed on IDEAS

    as
    1. Lebas, Michel J., 1995. "Performance measurement and performance management," International Journal of Production Economics, Elsevier, vol. 41(1-3), pages 23-35, October.
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    More about this item

    Keywords

    performance; financial indicators; non-financial indicators; global diagnostic; ANTIBIOTICE Trading Company;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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