PHASES IN THE LIFECYCLE OF A COMPANY AND THE PROFITABILITY OF INDUSTRIAL COMPANIES
Journal Title: Economic and Regional Studies/ Studia Ekonomiczne i Regionalne - Year 2017, Vol 10, Issue 4
Abstract
Subject and purpose of work The aim of this study is to analyse the profitability level of industrial companies in various phases of their lifecycle. Materials and methods The article uses data from individual annual financial statements of industrial companies in accordance with the classification of the Warsaw Stock Exchange. In order to investigate whether there are essential differences in the level of profitability of companies in various phases of their lifecycle, due to significant deviations from normality, the nonparametric Kruskal-Wallis H test was used. To find out which lifecycle phases differ significantly in terms of the level of analysed profitability ratios, a test of multiple comparisons of medium ranks was used (Post-hoc Dunn’s test). Results The obtained research results show that a given lifecycle phase significantly differentiates the level of the analysed profitability indices. Conclusions Based on the conducted research, it was found that the company’s lifecycle phase statistically significantly differentiates the level of the analysed profitability indices. In the early phases of the lifecycle, the level of profitability in the surveyed companies increased gradually reaching maximum and stable values in the phase of maturity or shake-out, after which it decreased in the decline phase. This points to an evolutionary transition of individual companies to the next phase of the lifecycle.
Authors and Affiliations
Agnieszka Kuś, Joanna Żurakowska-Sawa
REGIONAL DISPARITIES IN DEVELOPMENT – THE CASE OF POLAND
Subject and purpose of work The paper focuses on identification and assessment of regional disparities in development of Poland in regard to demographic potential, economic development, social development and technical i...
STRUKTURA HANDLU DETALICZNEGO I WZAJEMNE ODDZIAŁYWANIA OBIEKTÓW SIECI HANDLOWEJ (NA PRZYKŁADZIE MIASTA BIAŁA PODLASKA)
Przedmiot i cel pracy Przedmiotem pracy jest przedstawienie współczesnych tendencji i zmian w handlu detalicznym oraz pełnionych przez ten sektor funkcji, ze szczególnym uwzględnieniem handlu wielkopowierzchniowego. Cele...
SPRAWOZDANIE Z OGÓLNOPOLSKIEJ KONFERENCJI NAUKOWEJ „POGRANICZA W PERSPEKTYWIE WYZWAŃ WSPÓŁCZESNOŚCI”, ROSKOSZ, 19-20 KWIETNIA 2017 R.
Błaszczak D., Jaroszewska I. (2017), Report from the Nationwide Polish Scientific Conference “Borderlands in the perspective of the present-day challenges”, Roskosz, 19-20 April 2017/ Sprawozdanie z Ogólnopolskiej Konfer...
URBAN FARMING – THE ECOLOGICAL, SPATIAL AND SOCIAL FACTORS OF URBAN LANDSCAPE TRANSFORMATION
Subject and purpose of work: The subject of the study is urban farming and examples of urban gardens built in selected cities in North America and Europe. The aim of the study was to determine the influence of urban farm...
WSPÓŁPRACA NA RZECZ ROZWOJU TURYSTYKI W REGIONIE NA PRZYKŁADZIE SAMORZĄDÓW GMIN PRZYRODNICZO CENNYCH WOJEWÓDZTWA LUBELSKIEGO
Przedmiot i cel pracy Przedmiotem pracy była współpraca wewnątrz- i międzysektorowa samorządów gminnych na rzecz rozwoju turystyki. Celem pracy była ocena aktywności samorządów gmin przyrodniczo cennych województwa lubel...