THE INFORMATIONAL VALENCES OF THE FINANCIAL SIGNALS SYSTEM USED IN THE EVALUATION OF COMPANIES GLOBAL PERFORMANCE

Anghel Flavia (), Bucur Cristiana () and Radu Elena ()
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Anghel Flavia: Universitatea Romano-Americana
Bucur Cristiana: Universitatea Politehnica
Radu Elena: Universitatea Romano-Americana

Annals of Faculty of Economics, 2008, vol. 2, issue 1, 105-111

Abstract: For a long period of time the analysis of company's performance has been approached preponderant or only for financial point of view, but in the last half of century, because of an environment characterized by intensified competition, there have been elaborated and developed a number of measurement tools, the goal of which is to reflect all the factors involved in a company's performance.The practic goal of performance measurement, the standard it refers to and the measuring tools are tightly correlated with the objectives of each of the company's stakeholders. In order to obtain a good quantification of company's performance is necessary to use a system of indicators that may provide reliable information for evaluating the degree to which firm's objectives are reached. In this system, financial indicators remain, an essential tool of management, regardless the changes which affect the company's environment.

Keywords: performance measurement; financial indicators; company's performance; non-financial indicators; management; objectives (search for similar items in EconPapers)
JEL-codes: F01 G10 P47 (search for similar items in EconPapers)
Date: 2008
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