Naslov
Clustering of Croatian Software Development Companies Based on Their Financial Indicators

Autori
Konecki, Irena ; Oreški, Dijana ; Kadoić, Nikola

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of MIPRO 2023 / Skala, Karolj - Opatija : Hrvatska udruga za informacijsku i komunikacijsku tehnologiju, elektroniku i mikroelektroniku - MIPRO, 2023, 1682-1687

Skup
MIPRO 2023, 46 th ICT and Electronics Convention

Mjesto i datum
Opatija, Hrvatska, 22.05.2023. - 26.05.2023

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
financial indicators ; software development sector ; Croatia ; cluster analysis ; COVID-19 crisis

Sažetak
The main objective of this study is to examine the financial performance of companies in the Croatian software development sector and identify which financial indicators could be predictive of future profitability. The research uses the Financial Agency (FINA) data focusing on pre and post-COVID-19. Cluster analysis of companies is performed based on their financial indicators. Four clusters of companies were identified. Findings indicate that there is no statistically significant difference between the clusters in the profitability growth rate after the COVID-19 crisis. However, the observed period might be too short to measure the long-term effects. The financial analysis of companies in the Croatian software development sector gives insight into how the sector operates and thus provides valuable information for policymakers who would like to support its growth and development.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Informacijske i komunikacijske znanosti

POVEZANOST RADA