Naslov
Influence of Financial Predictors on Competitiveness of Metal Processing Companies

Autori
Katolik Kovačević, Andreja ; Sigurnjak, Lena ; Miklošević, Ivana

Vrsta, podvrsta
Radovi u časopisima, znanstveni

Izvornik
Tehnički vjesnik : znanstveno-stručni časopis tehničkih fakulteta Sveučilišta u Osijeku (2023)

Status rada
Prihvaćen

Ključne riječi
competitiveness ; financial predictors ; metal processing industry

Sažetak
Metal processing industry is an important sector of Croatian economy that contributes significantly to its competitiveness and assures industrial development of the Republic of Croatia. Competitive advantage is a key distinctive feature of a company on the market. In current circumstances, competitive advantage is more difficult to achieve and maintain than ever before because of constantly growing market competition. The main research objective is to investigate connection between selected financial predictors and to assess their influence on successfulness and achievement of competitive advantage of metal processing companies. The research is conducted on 578 small, medium and large metal processing companies aiming to determine the influence of financial predictors on their competitiveness. Furthermore, it is confirmed that financial factors influence the number of employees and total revenue and expenses. Such influence is the strongest in small, and the weakest in large metal processing companies. This paper provides an insight into the influence of financial predictors on the competitiveness of metal processing companies, which shall facilitate entrepreneurs to improve their company's competitive position on the market. Statistical analysis of research data was performed by statistical software MedCalc® Statistical Software version 20.026 and SPSS Statistics for Windows, Version 23.0.

Izvorni jezik
Engleski

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