STUDY REGARDING COMPANIES PERFORMANCE MEASUREMENT THROUGH NON-FINANCIAL INDICATORS – THE CASE OF AIRLINE INDUSTRY

Radu-Dan Turcu and Mihaela Turturea
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Radu-Dan Turcu: Bucharest University of Economic Studies
Mihaela Turturea: Bucharest University of Economic Studies

Network Intelligence Studies, 2015, issue 6, 117-122

Abstract: The fact that financial information alone is insufficient in assessing a company’s performance is more and more debated. . The present paper aims to analyze the relation between the changes in companies’ market value and selected financial and non-financial indicators for the airline industry. The main aim of this study is to analyze the value relevance of non-financial information in assessing a company’s performance by reference to the airline industry. The results reveal that non-financial indicators “load factor”, “available seat kilometers” and the financial measures “pretax return on assets”,“curent ratio”, ”debt-to-equity ratio” and ”sales growth” are valuable in explaining the stock price evolution.

Keywords: Non-financial indicators; Financial performance (search for similar items in EconPapers)
JEL-codes: M41 Q01 Q56 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:networ:y:2015:i:5:p:117-122

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