The Impact of Financial and Performance Indicators on Labor Productivity in Construction and Engineering Companies Listed on the BVB

Elian-Gabriel Militaru ()
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Elian-Gabriel Militaru: University of Craiova, "Eugeniu Carada" Doctoral School, Romania

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 1, 658-663

Abstract: Labor productivity is the result of the interaction of a number of complex factors, including employee motivation, allocated resources, the work environment, the level of education and experience, and the financial performance of the economic entity. Integrating effective strategic approaches aimed at increasing performance indicators can contribute significantly to the overall productivity growth and long-term success of the organization. To this end, databases of companies operating in the construction and engineering industry were used to pursue this analysis and the relationships between labor productivity and performance indicators were tracked. The results indicated a significant positive correlation demonstrating the association between productivity and performance. We conclude in the present study that labor productivity can be influenced by the increase in financial performance and the way top management integrates strategic decisions aimed, at the expense of investment in human capital, at increasing productivity.

Keywords: labor productivity; economic-financial performance; employee motivation; correlation; regression (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiv:y:2024:i:1:p:658-663

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