A Research on Financial Performance Analysis of Informatics Companies in the Scope of Industry 4.0

Akgün, V. Özlem; Akgün, Ali İhsan

doi:10.1007/978-3-319-92267-6_57

Cited by 2 publications

(1 citation statement)

References 8 publications

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“…As argued by Akgün and Akgün (2019), an increase in the share of R&D investments in the balance sheet may cause an increase in the financial performance of a company. However, a decreased or steady share of R&D investments may cause a contraction in their financial performance.…”

Section: Conclusion and Recommendationmentioning

confidence: 99%

Otomoti̇v Fi̇rmalarinin Endüstri̇ 4.0 Öncesi̇ Ve Sonrasi Fi̇nansal Performanslarinin Anali̇zi̇: Bi̇st Sürdürülebi̇li̇rli̇k Endeksi̇'nde Bi̇r Uygulama

Ceyhan

Kara

2023

Mehmet Akif Ersoy Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi

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Today, the "Industry 4.0 revolution", which offers opportunities such as a substantial competitive advantage, increase in production capacity, and cost reduction, is preparing to move institutions to a rapidly changing information age. Therefore, the importance of keeping up with innovations and providing sustainable performance is increasing for businesses in this age. On the other hand, it draws the attention of researchers to whether there is a difference between the financial performances of companies before-after industry 4.0. The study compares the financial performances of automotive companies that have adopted Industry 4.0 methods in the BIST Sustainability Index, before and after Industry 4.0. For this purpose, the companies' financial performances were analyzed and compared between 2013-2015 and 2016-2018 with the Gray Relational Analysis method, one of the multi-criteria decision-making techniques. The entropy which is an objective method, was preferred for weighting the criteria. Ten financial ratios were used as criteria in the performance evaluation. As a result, almost all companies increase their financial performance, but a decrease occurs only in one company's financial performance with the transition to Industry 4.0. So it can be stated that the increase in the share of R&D expenditures and Industry 4.0 investments will positively affect the financial performance of companies.

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Section: Conclusion and Recommendationmentioning

confidence: 99%

Otomoti̇v Fi̇rmalarinin Endüstri̇ 4.0 Öncesi̇ Ve Sonrasi Fi̇nansal Performanslarinin Anali̇zi̇: Bi̇st Sürdürülebi̇li̇rli̇k Endeksi̇'nde Bi̇r Uygulama

Ceyhan

Kara

2023

Mehmet Akif Ersoy Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi

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How does performance vary between early and late adopters of Industry 4.0? A qualitative viewpoint

Antony

Sony

McDermott

et al. 2021

IJQRM

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PurposeIndustry 4.0 is a new trend among organizations. Some organizations have been early adopters or later adopters of Industry 4.0. The purpose of this paper is to investigate how performance effects vary between early and late adopters of Industry 4.0.Design/methodology/approachThis study applies a qualitative research methodology using grounded theory. 14 senior management professionals who have implemented Industry 4.0 participated in this study through a theoretical and snowball sampling approach. These professionals were from manufacturing and service sectors, from North America, Europe and Asia. The study used semi structured open-ended interviews to capture the organizational performance on operational, financial, environmental and social dimensions.FindingsThe findings were analyzed in terms of four broad themes which emerged from the interviews. In operational performance the operational and implementation cost will be higher for early adopters. The late adopters may enjoy the advantage in terms of improved business models. In terms of financial performance, the early adopters may see a marginal increase in profit and increased stock price compared to late adopters. The performance on the environmental dimension will see early adopters enjoying material efficiency, energy savings and an improved image of the company compared to late adopters. In social performance, the early adopters will provide a better quality of work life, safer manufacturing environment. However, the resistance from labor unions will be higher for early adopters compared to late adopters.Practical implicationsOrganizations must decide the timing of implementation of Industry 4.0. This study will act as a guide wherein they can decide to be an early adopter or late adopter based on knowledge of the resulting performance consequences.Originality/valueThis is the first paper that studies the performance effects of early versus late adopters of Industry 4.0.

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A Research on Financial Performance Analysis of Informatics Companies in the Scope of Industry 4.0

Cited by 2 publications

References 8 publications

Otomoti̇v Fi̇rmalarinin Endüstri̇ 4.0 Öncesi̇ Ve Sonrasi Fi̇nansal Performanslarinin Anali̇zi̇: Bi̇st Sürdürülebi̇li̇rli̇k Endeksi̇'nde Bi̇r Uygulama

Otomoti̇v Fi̇rmalarinin Endüstri̇ 4.0 Öncesi̇ Ve Sonrasi Fi̇nansal Performanslarinin Anali̇zi̇: Bi̇st Sürdürülebi̇li̇rli̇k Endeksi̇'nde Bi̇r Uygulama

How does performance vary between early and late adopters of Industry 4.0? A qualitative viewpoint

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