The aim of the Master's Thesis is the ranking of the selected sector of the Czech economy, specifically group of vehicle manufacturers in terms of their financial performance. In particular the evaluation of the financial performance of selected objects of ranking, creating charts according to specific criteria and their interpretation. The Thesis also provides examples of significant Czech and world rankings, which are described and compared. The theoretical part is given in particular the selection criteria and ranking methodology focusing on value-based criteria (EVA, spread, NPV) and theoretical background of business in the sector. That is then developed in the practical part of the work in the analysis of the automotive industry. The following is a selection and segmentation of objects ranking and the main part of the work focused on ranking of companies based on their financial performance.

The aim of the Master´s Thesis is the ranking of the selected sector of the Czech economy, specifically the group CZ NACE 1051: Milk processing, production of dairy products and cheese. In particular the evaluation of the financial performance of selected objects of ranking, creating charts according to specific criteria and their interpretation. The Thesis also provides examples of significant Czech and world rankings, which are more closely described and compared. The theoretical part describes the selection criteria and ranking methodology, followed by the selection and segmentation of objects included in the ranking. The practical part of the work is focused on ranking of companies based on their financial performance.

The subject-matter of this diploma thesis is a comparison of financial performance of issuers of selected stock titles listed on the official market of the RM-SYSTÉM, česká burza cenných papírů a.s. stock exchange from a potential investor's perspective. The comprehensive comparison of financial performance presented both in the numerical and the graphic form is achieved through the application of the ranking method based on evaluation criteria analysing financial performance in the years 2009 to 2015 with a view of economic power, profitability, stability and investor perspective. The ranking is compiled with the use of each of the evaluation criteria on the basis of weighted average, taking account of the up-to-datedness of the input data of pre-defined materiality coefficients, and on the basis of arithmetic average representing the median value for the calculation of absolute volatility expressed by the standard deviation.

This paper examines the relationship between ownership concentration and corporate performance amongst listed South African industrial firms. The study‘s theory base is rooted in the principal-agent problem and seeks to investigate the theory‘s applicability to the South African context. Descriptive statistical analysis is performed in line with existing studies (Demsetz&Lehn, 1985; Demsetz&Villalonga, 2001; Morck et al., 1988). The percentage sums of the five and ten largest shareholders as well as firm market capitalisation are treated as independent variables. The financial measures of Tobin‘s Q and return on capital employed (ROCE) form the dependent variables as a basis for measuring firm financial performance. The results suggest that there is no statistically significant relationship between ownership concentration and firms‘ financial performance in the case of Tobin‘s Q or ROCE during the survey period. However, a statistically significant positive relationship between firms‘ market capitalisation and financial performance is found. The study tentatively suggests that the separation of ownership from control does not appear to have any negative behavioural implications for the theory of the firm in the South African context. Future research is encouraged to confirm these results. / Dissertation (MBA)--University of Pretoria, 2012. / Gordon Institute of Business Science (GIBS) / unrestricted

Mergers and acquisitions continue to enjoy importance as strategies for achieving growth, although their success in creating shareholder value remains contested. The aim of this research was to evaluate whether, in the long-run, acquiring companies created or destroyed value by evaluating the differences between pre- and post-acquisition firm performance, using, abnormal share price performance, operating financial performance and intrinsic value performance metrics. This research used a non-representative, judgemental sample of 29 JSE listed firms to conclude that, on average, mergers and acquisitions destroy value within two years post-acquisition, although some evidence was found in support of acquiring firm value creation in the third year after the acquisition. Results indicated a significant -6.62% decline in acquiring firm average cumulative average abnormal return (ACAAR) between 504 trading days before and after acquisition announcement dates. This finding reversed in year three, resulting in a positive ACAAR of 8.76%. Similarly, average intrinsic value (AIV) performance indicated that between one year before and one year after the acquisition, AIV deteriorated with a significant -0.131. However, between year one and two after the acquisition, AIV recovered by 0.112. Overall evidence indicated positive and significant AIV growth of 0.370 between one year before and three years after the acquisition. The research found insignificant results for the pre and post-acquisition evaluation of industry-adjusted cash-flow return on all assets (IACRAA). / Dissertation (MBA)--University of Pretoria, 2012. / Gordon Institute of Business Science (GIBS) / unrestricted

<p>Osnovni cilj istraživanja ove doktorske disertacije je da se utvrde smerovi i intenziteti dve grupe efekata: menadžmenta znanja (KM) na zadovoljstvo poslom (JS) zaposlenih i finansijske performanse (FP) preduzeća, uz prikaz uticaja pojedinih kontrolnih varijabli (nacionalno poreklo preduzeća, vlasnička struktura preduzeća, veličina preduzeća, visina finansijskih performansi preduzeća) na dimenzije menadžmenta znanja, kao i utvrđivanje moderatornih odnosa (pol, godine starosti, vrsta radnog mesta i stepen stručne spreme ispitanika) na relacije KM na JS. Istraživanje je izvr&scaron;eno anketiranjem, na uzorku N=520 ispitanika (menadžeri svih nivoa) iz proizvodnih preduzeća u Srbiji. Statistička obrada podataka vr&scaron;ena je pomoću namenskog softvera IBM SPSS Statistics 21. Pri tome, kori&scaron;ćene su sledeće statističke metode: deskriptivna statistika, t-test, korelaciona analiza, regresiona analiza, analiza varijanse (ANOVA) i hijerarhijska regresiona analiza za analizu moderatornih dejstava. U radu su posmatrane dve grupe uticaja, menadžment znanja na zadovoljstvo poslom zaposlenih i menadžment znanja na finansijske performanse preduzeća. Prilikom analize relacija obe grupe, uočene su značajne razlike. Uticaj menadžmenta znanja na finansijske performanse preduzeća je jasan i nedvosmislen: statistički značajan i pozitivan. Međutim, uticaj menadžmenta znanja na zadovoljstvo poslom zaposlenih je znatno kompleksniji: uglavnom je statistički značajan i negativan, ali ima i statistički značajnih i pozitivnih uticaja.<span style="font-size: 12px;">Osnovno ograničenje istraživanja je činjenica da se rezultati istraživanja odnose na zemlje sa specifičnim tranzicionim uslovima privrede, tako i na prisutnost psiholo&scaron;kog stava ljudi koji je specifičan u ovakvim uslovima. S druge strane, mora se napomenuti da je značajan istraživački uzorak obuhvatio i strane kompanije koje posluju u Srbiji, &scaron;to može implicirati univerzalnost rezultata. S obzirom da se tranzicioni uslovi menjaju, značajno bi bilo pratiti te promene i u odnosu na njih postaviti nova istraživanja i komparirati rezultate i u skladu sa tim davati preporuke za dalji rad i unapređenje poslovanja.</span></p> / <p>The main goal of this doctoral dissertation is to determine the directions and intensities of two groups of effects: knowledge management (KM) on employee job satisfaction (JS) and enterprise financial performance (FP). In addition, the impact of individual control variables (national origin of the enterprise, ownership structure, the size of the enterprise, and the financial performance of the enterprise) on the dimensions of knowledge management (KM) is presented. Also the effects of the defined moderating relations (gender, age, type of job and level of education of respondents) on the relations of KM to JS are analyzed. The research was conducted via survey, on a sample of N = 520 respondents (managers of all levels) from manufacturing enterprises in Serbia. Statistical data analysis was conducted with the IBM SPSS Statistics 21 software. The following statistical methods were used: descriptive statistics, t-test, correlation analysis, regression analysis, analysis of variance (ANOVA) and hierarchical regression analysis for analysis of moderator actions. Two groups of influences were observed: knowledge management on employee job satisfaction and knowledge management on enterprise financial performance. During the analysis of these relations, significant differences were noticed. The impact of knowledge management on financial performance is clear and unambiguous: statistically significant and positive. However, the impact of knowledge management on employee job satisfaction is much more complex: it is mostly statistically&nbsp;significant and negative, but it also has statistically significant and positive impacts. The main limitation of the research is the fact that the research results refer to countries with specific transition conditions of the economy, and to the presence of the psychological attitude of people, which is specific in such conditions. On the other hand, it must be noted that a significant research sample included foreign companies operating in Serbia, which may imply the universality of the results. Given that the transition conditions are changing, it would be important to monitor these changes and in accordance with them set new studies and compare the results and accordingly make recommendations for further research and business improvement.</p>

Background: The term Environmental, Social, and Governance (ESG) is a relatively new concept within the financial industry. However, there are a couple of issues connected to the ESG score and sustainable finance. Thus, there is an ongoing conflict between creating economic value, which is the main task for managers, as well as tackling ethical issues such as ESG. Purpose: The purpose of this report is to investigate if there is a correlation between ESG scores and financial performance measures. The measures analysed are, Return on Assets (ROA), Retention Ratio (RET), Operating Cash-Flow (CF) and Debt-Equity (DE), for listed companies in Sweden and the UK. Method: To see if there is a correlation between ESG and financial performance, a Pooled OLS Regression and Fixed Effect Regression Model (FE) was used. The data was collected from the Thomson Reuters datastream, where 75 companies listed on the OMXSLCGI in Sweden and 75 companies listed on the FTSE100 in the UK, was retrieved. Conclusion: The regression results indicated a positive correlation between CF and ESG for both the FE regression and the Pooled OLS for the Swedish middle-ranked companies, as well as a positive correlation between DE and ESG for the lower-ranked Swedish companies. For the UK, no significant variables were found. Because of the limited significant results, this thesis found that there is yet no apparent correlation between the ESG score and financial performance based on the four years analyzed.

El presente trabajo de investigación tiene como fin estudiar la relación entre el liderazgo y el desempeño financiero del área comercial, en específico en la fuerza de ventas en Lima de cada una de las empresas a evaluar, dentro del sector asegurador. Para ello, se analizarán los siguientes estilos de liderazgo: Transaccional, Transformacional y Situacional. Cabe indicar que no estamos tomando en cuenta el estilo de liderazgo laissez-faire, ya que, partiendo de las investigaciones analizadas, llegamos a la conclusión que no existe un único estilo de liderazgo sino más bien siempre se da una mezcla entre ellos, dependiendo de cada situación presentada. Con relación al desempeño financiero abordaremos los indicadores de rentabilidad como ROI y Rendimiento sobre las ventas. Dentro del sector en el cual se basará la siguiente investigación encontramos a las principales compañías aseguradoras, conformadas por Rímac Seguros, Pacífico y Mapfre, ya que entre las 3 albergan aproximadamente el 60% de la participación del mercado nacional en los últimos ocho años. Finalmente, optamos por investigar esta relación puesto que actualmente no existen diversas investigaciones que evalúen este tipo de variables de manera conjunta; empero existen investigaciones que si evalúan el liderazgo con diversas variables ya sea productividad, desempeño, motivación, mas no con desempeño financiero que es la finalidad de esta investigación. / The main purpose of this research work is to study the relationship between leadership and financial performance of the sales force in each of the companies to be evaluated in Lima, within the insurance sector. For this, the leadership styles that are analyzed are the following: Transactional, Transformational and Situational. It should be noted that we are not taking in account the laissez-faire leadership style, since, based on the analyzed investigations, we come to the conclusion that there is no single leadership style, but rather there is always a mixture between them, depending on the situation presented. In accordance to the financial performance, we are considering the profitability indicators, such as ROI and performance on sales. Within the sector on which the following research will be based, we are considering the main insurance companies in Peru, such as Rimac, Pacifico and Mapfre since among the three they house around 60% of the market share in Peru in the last eight years. Finally, we chose to investigate this relationship since there are currently not many researches that evaluate these types of variables jointly. However, there are researches that evaluate leadership with other similar variables, such as productivity, performance, motivation, among others, but not specifically related to financial performance, which is the main purpose of this investigation. / Tesis

Sweden is a country that stands out in terms of attracting highly skilled workers and having a large number of young firms. However, with the young age and specifically put in a concrete context of the COVID-19 pandemic, young firms may face the risk of losses due to a lack of funds to maintain or having volatile financial sources.  Therefore, this thesis tries to provide insights on the relation between knowledge management activities (KMAs) and financial performance in young firms from 5 to 10 years old in Sweden. In other words, the thesis aims to understand how young firms in Sweden have implemented KMAs inside their firms. More specifically, striving to determine which knowledge management enablers influence KMAs, what kinds of KMAs young firms are applying, and at what level those kinds of activities impact young firms’ financial performance. A mixed-method approach has been selected to utilize both qualitative and quantitative methods. Together with semi-structured interviews, Exploratory Sequential Design is applied in the thesis, which enables defining the impact of KMAs on the financial performance of young firms in Sweden and the availability of the presented conceptual framework in practice.

The hospitals and their healthcare providers need to optimize simultaneously three outcomes: healthcare costs, healthcare options offered to customers, and information utilization efficiency. The adoption of electronic healthcare record (EHR) technologies is a potential managerial mechanism for balancing these outcomes. EHR offers patient management and decision support capabilities that can ameliorate health delivery outcomes for patients, doctors, and hospitals through better-informed business and care decisions. The analysis of data collected in an EHR system may lower costs and improve health care delivery (or both). In sum, it could be argued that EHR is a source of competitive advantage. Despite this prima facie appeal, many hospitals remain reluctant to adopt and implement EHR due to lack of insights into return on investment, unavailability of tested systems and data entry obstacles. To address this gap between the potential of EHR system and lack of its adoption, the purpose of this research is to investigate the role of EHR as a resource of competitive advantage for hospital. Essay 1, titled "Implementation and Adoption of EHR: A Conceptual Model based on Resource Advantage Theory", describes the antecedents and consequences of EHR adoption and implementation. Essay 2, titled "Exploring the Relationship Between Electronic Healthcare Record Adoption and Quality of Care", delves deeper into the operational performance of a hospital. This essay focuses on the impact of EHR on different aspects of patient care and thereby on the financial performance of the hospital. Essay 3, titled "The Effect of Resources on a Hospital's Financial Performance: The Moderating Role of Electronic Health Records Implementation and Adoption", is an empirical inquiry into the key factors that may influence hospitals' financial performance. These include organizational factors (such as, number of nurses and beds) and environmental factors (such as, location and received donations). Further, this essay explores the interaction effects between EHR and these factors. In summary, this research provides a conceptualization and an empirical investigation of EHR adoption and implementation and its impact on hospitals' operational and financial performance, an area receiving widespread attention from health care organizations, patient rights activists, public policy makers and the media. Future research can take two paths. First, further research should address questions related to the integration of EHR with other production and inventory management systems, and the prospective benefits attained from system integration. Second research is needed to investigate how parallel information transfer across multiple stakeholders may concurrently preserve Health Insurance Portability and Accountability Act, reduce health care delivery costs and optimize service quality.