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Current trends of corporate performance reporting tools and methodology design of multifactor measurement of company overall performance

Michal Hodinka, Michaela Štencl, Jiří Hřebíček and Oldřich Trenz
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Michal Hodinka: Ústav informatiky, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika
Michaela Štencl: Ústav informatiky, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika
Jiří Hřebíček: Ústav informatiky, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika
Oldřich Trenz: Ústav informatiky, Mendelova univerzita v Brně, Zemědělská 1, 613 00 Brno, Česká republika

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2012, vol. 60, issue 2, 85-90

Abstract: Enterprises normally have a different approach to performance reporting. Performance reporting, and unfortunately reporting globally, at small and middle enterprises are not widely supported or popular. It perceived as something what enterprises must do, not what they like to do. The reason could be because its time consuming for them or it gives not a good (or none) feedback to the enterprises. But there are also some of the enterprises, that have their performance reporting as normal part of the corporate culture and want to have reporting as part of their information system (ideally automated). The first step of successful implementation of the automated performance reporting into the information system is to formalize the business rule from natural language expression. Current trends of corporate performance reporting and performance evaluation, i.e., the measurement of environmental, social, economic and governance performance of a company, and corporate sustainable reporting, are discussed in the paper. The relationship between corporate performance and reporting is an important issue; and the design of modern and advanced methods to identify key performance indicators is discussed here along with the possibility of the utilization of XBRL taxonomy or/and Complex event processing (CEP) techniques and methods.

Keywords: performance evaluation; corporate performance; ESG performance; key performance indicators; corporate reporting; XBRL; complex event processing (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2012060020085

DOI: 10.11118/actaun201260020085

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