Considerations on the possibility of measuring the economic and financial performance of the economic entity in accordance with corporate governance

PhD. Mihai C.savin
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PhD. Mihai C.savin: VALAHIA University of Targoviste.

Management Intercultural, 2014, issue 30, 225-241

Abstract: A system for measuring the economic and financial performance plays an important role in managing a business, because it provides the information necessary for decision making and launching of various actions. Tools and indicators for measurement and evaluation of economic and financial performance measures not only economic and financial performance, they are often integrated with policy, strategy, and many other aspects of behavior. Nowadays, complexity management forces managers to look at economic entities financial and economic performance under different angles either profitability or productivity, especially by creating value for shareholders and interest groups. As witch from one measurement system focused on financial parameters to another is only one aspect of change, have also gone to a new management style, participatory performance. The purpose of performance measurement company is multiple: to identify results that success or failure, to identify whether customer needs are met, to help the entity to understand its processes and to confirm what is known or to reveal what is not known, to identify where there are problems and where improvements are needed.

Keywords: corporate diversification; performance measurement system; corporate governance; conflicts of interest (search for similar items in EconPapers)
JEL-codes: G32 G34 M31 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:interc:y:2014:i:30:p:225-241

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