The Concept of Performance in Determining Annual Financial Result
Silvia Simionescu ()
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Silvia Simionescu: Faculty of Juridical Economics and Administrative Sciences Craiova Spiru Haret University Romania, Postal: RO
Journal of Advanced Research in Management, 2016, vol. 7, issue 1, 43-49
It often speaks of performance But it is known meaning that concept We note that despite the abundance of uses performance is rarely defined even in situations where it is the central object of study Moreover neither the origin of this concept is not widely presented The meaning of the concept of performance has changed over time He is a polysemous term with various meanings depending on the areas where it is used This explains why we speak of economic performance economic and financial performance and financial performance The concept of performance of the company is based on the theory of the stakeholders Managers can not maximize firm value ignoring the interests of the social partners shareholders employees creditors suppliers customers state etc From the perspective of the enterprise these interests may be contradictory which may give rise to conflicts within the organization adversely affecting financial results
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Persistent link: https://EconPapers.repec.org/RePEc:srs:jarm00:v:7:y:2016:i:1:p:43-49
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