prikaz prve stranice dokumenta Determinants of Accounting and Market-based Performance Measures – Case of Croatian Non-financial Listed Companies
  Download
PDF 2.15 MB
Scientific paper - Original scientific paper
Determinants of Accounting and Market-based Performance Measures – Case of Croatian Non-financial Listed Companies
In: SHS Web of Conferences. / Kliestik, T. (Ed.). EDP Sciences, 2021. https://doi.org/10.1051/shsconf/20219202049
Pavic Kramaric, Tomislava; Miletic, Marko; Piplica, Damir

Institutional repository: Repository of University Department for Forensic Sciences

Cite this document

Pavic Kramaric, T., Miletic, M. & Piplica, D. (2021). Determinants of Accounting and Market-based Performance Measures – Case of Croatian Non-financial Listed Companies. In T. Kliestik, (Ed.), SHS Web of Conferences. EDP Sciences. doi: 10.1051/shsconf/20219202049

Pavic Kramaric, Tomislava, et al. "Determinants of Accounting and Market-based Performance Measures – Case of Croatian Non-financial Listed Companies." SHS Web of Conferences, edited by T. Kliestik, EDP Sciences, 2021. https://urn.nsk.hr/urn:nbn:hr:227:552547

Pavic Kramaric, Tomislava, Marko Miletic and Damir Piplica. "Determinants of Accounting and Market-based Performance Measures – Case of Croatian Non-financial Listed Companies." In SHS Web of Conferences. EDP Sciences, 2021. Accessed 2024 December 29. https://urn.nsk.hr/urn:nbn:hr:227:552547

Pavic Kramaric, T., Miletic, M. and Piplica, D. (2021) 'Determinants of Accounting and Market-based Performance Measures – Case of Croatian Non-financial Listed Companies', in Kliestik, T. (ed.), SHS Web of Conferences, EDP Sciences. Available at: https://urn.nsk.hr/urn:nbn:hr:227:552547 (Accessed 29 December 2024)

Pavic Kramaric T, Miletic M, Piplica D. Determinants of Accounting and Market-based Performance Measures – Case of Croatian Non-financial Listed Companies. In: T. Kliestik, ed. SHS Web of Conferences. EDP Sciences; 2021. [cited 2024 December 29] Available at: https://urn.nsk.hr/urn:nbn:hr:227:552547

T. Pavic Kramaric, M. Miletic and D. Piplica, "Determinants of Accounting and Market-based Performance Measures – Case of Croatian Non-financial Listed Companies", SHS Web of Conferences, T. Kliestik, Ed. EDP Sciences, 2021. [Online] Available at: https://urn.nsk.hr/urn:nbn:hr:227:552547 [Accessed: 29 December 2024]

Metadata
Title (english)Determinants of Accounting and Market-based Performance Measures – Case of Croatian Non-financial Listed Companies
AuthorTomislava Pavic Kramaric
AuthorMarko Miletic
AuthorDamir Piplica
EditorT. Kliestik
Author's institutionUniversity of Split
University Department of Forensic Sciences
Author's institutionUniversity of Split
(University Department of Professional Studies)
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
Profitability and the factors that determine it have always intrigued the scholars. Despite the large number of studies dealing with this topic at the international level, this paper sheds a new light on the issue since it deals with the listed companies in an emerging economy confronting two performance measures. The aim of this paper is to provide evidence on the performance of Croatian non-financial firms listed on the Zagreb Stock Exchange (ZSE). The analysis encompassed firms that operated in the 2015 – 2019 period. For this purpose, the authors confronted two performance measures, i.e. accounting-based performance measure represented with return on assets (ROA) whereas Tobin’s Q stands for the market-based measure of performance or firm value. Independent variables that served as potential determinants of listed companies’ performance include inventories management, productivity, liquidity measured with both current and quick ratio, and size calculated on the basis of total assets, and sales. After employing static panel analysis, the results reveal statistically significant influence of size variable based on assets in both models though it takes negative sign in the model where performance is measured with Tobin’s Q, whereas its positive impact on performance is recorded in ROA model. Furthermore, size based on total sales also positively affects performance when measured with ROA.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Publication titleSHS Web of Conferences
Numberingvol. 92, 02049
e-ISSN2261-2424
DOIhttps://doi.org/10.1051/shsconf/20219202049
URN:NBNurn:nbn:hr:227:552547
Publication2021-01-13
ConferenceTitle: The 20th International Scientific Conference Globalization and its Socio-Economic Consequences 2020
Location: Zilina, Slovakia
Start date: 2020-10-21
End date: 2020-10-22
Assembly type: Lecture
Document URLhttps://www.shs-conferences.org/10.1051/shsconf/20219202049
Type of resourceText
PublisherEDP Sciences
Access conditionsOpen access
Terms of useLicence Attribution 4.0 International (CC BY 4.0) icon
Created on2024-06-20 07:26:54