engleski

Using financial parameters to identify elements of creating and retaining maritime firms’ stakeholder – value within the value in use concept

The creation and retention of stakeholder value in the value in use concept are parts of modern busi- ness models oriented towards sustainable business, which depends on the entity’s ability to create stable cash flows. In order to be able to identify the parameters on which business processes depend and based on them create and preserve the value, it is important ​​to analyses the financial parameters and their relationships. Therefore, within this research the authors analyses the financial indicators of maritime companies and brings them in relation with the creation and preservation of cash flow. Based on previous scientific research, the obtained results are brought into relation with prior identified qualitative factors associated with the creation and preservation of stakeholder value. The results showed that the proposed measurements: working capital, changes in non-cash working capital, return on equity (ROE), business excellence model (BEX), the index value creation (ex2), liquidity (ex3), return on assets (ROA) and capital turnover ratio, proved to be effective for testing the stability of cash flow, which is an important indicator of value creation.

Value creation ; Value retention ; Stakeholder value ; Free cash flow ; The value in use ; Maritime firms

This work has been supported by the Croatian Science Foundation under the project 6558 Business and Personal Insolvency: The Ways to Overcome Excessive Indebtedness and it's a part of a project "Koncepti i metode troškovnog i upravljačkog računovodstva u javnom sektoru Republike Hrvatske" (number:13.02.1.2.09).