Knowledge and Use of the Balanced Scorecard Method in the Businesses in the Slovak Republic

Lesáková, Ľubica; Dubcová, Katarína

doi:10.1016/j.sbspro.2016.09.006

Cited by 37 publications

(34 citation statements)

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“…The importance of measuring concentration and performance in the banking area are separately discussed in works of many authors (Svitálková, 2014;Skvarciany, Iljins, 2015;Paulík et al, 2015). Individual authors in their papers used to measure the performance by traditional methods or modern methods based on the use of mathematical models, or based on the use of information technologies, or by the Balanced Scorecard method (Gavurová, 2012;Lesáková, Dubcová, 2016). On the other hand, market concentration is evaluated mainly by the Concentration ratio or Herfindahl-Hirschman index.…”

Section: Literature Reviewmentioning

confidence: 99%

The Structure – Conduct – Performance Paradigm in the European Union Banking

Gavurová

Kočišová

Kotásková

2017

Economics &Amp; Sociology

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ABSTRACT. In this study we investigate the structure and performance at the European Union (EU) banking market as a whole between 2008 and 2015. The structure of this banking market was measured by two main concentration indices: the Herfindahl-Hirschman Index (HHI) and the Concentration Ratio for 5 largest banks (CR5). The results show a stable development in concentration until 2012, and a significant decrease in 2012. Since 2013, the level of concentration increased, reaching its historical maximum at the end of 2014, when the increase in market concentration was reflecting primarily the decline in the number of credit institutions. The performance was measured by means of profitability indicators: the Return on Assets (ROA) and the Return on Equity (ROE). Since 2008, the development of the market in question was affected by the financial crisis, which resulted in low profitability till the end of 2013. In more recent years the profitability in European banking market slightly increased. The purpose of this paper was to examine the relations between structure and performance. We tried to test the presence of structure-conductperformance (SCP) paradigm in the EU conditions. The presence of this paradigm was verified using the Granger causality test for panel data. The results of our analysis show that under the studied conditions only the one-way relationship running from banking sector performance to banking market concentration was approved. The findings do not confirm the presence of the SCP paradigm, but are in line with the quiet life hypothesis, thus indicating there is a negative relationship between concentration and performance at European banking market. JEL Classification:G21, C12, D40

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Section: Literature Reviewmentioning

confidence: 99%

The Structure – Conduct – Performance Paradigm in the European Union Banking

Gavurová

Kočišová

Kotásková

2017

Economics &Amp; Sociology

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“…Low level of usage was also registered in Australia (Cadez & Guilding, 2007), and the level appeared to be moderate in both the U.S. and Slovenia (Cravens & Guilding, 2001;Cadez & Guilding, 2007). The Slovak-based results of Lesáková and Dubcová (2016), determined on a sample of 284 businesses of different sizes (from large to small) and industries, confirmed the researchers' hypothesis that not only the utilization but also the knowledge about the BSC method is very low. Focusing on small companies in UK and Cyprus, Giannopoulos et al (2013) investigated the popularity of the BSC, and showed that only 20% of the surveyed companies in UK, and 45% in Cyprus, had awareness of its existence.…”

Section: Surveys Of the Bsc Usementioning

confidence: 58%

Factors Influencing the Use of the Balanced Scorecard: Evidence from a Regional Context

2019

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This Working Paper is published under the auspices of the Department of Management at Università Ca' Foscari Venezia. Opinions expressed herein are those of the authors and not those of the Department or the University. The Working Paper series is designed to divulge preliminary or incomplete work, circulated to favour discussion and comments. Citation of this paper should consider its provisional nature.

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“…A study carried out by the authors [50] presents the usage of BSC by 48% of large and medium enterprises. In the conditions of the Slovak Republic, using the BSC methodology was examined in the author's research [51] who found out that 13.73% of respondents know perfectly this methodology and out of this number, only 9.15% use BSC. In her dissertation thesis, [54] paid attention to the issue of BSC where she made research about learning and using the BSC methodology in Slovakia.…”

Section: Discussionmentioning

confidence: 99%

“…In its research, BSC methodology has appeared regularly since the beginning of the millennium, where its use was from 48% (2010) to 34% (2017) in industrial enterprises in developed countries. In the Slovak environment, authors [51] conducted an analysis of using the Balanced Scorecard according to the individual sectors of the economy. It results from their research in 2017 that the BSC is used by 8.45% of industrial enterprises in Slovakia.…”

Section: Literature Reviewmentioning

confidence: 99%

Factors Affecting the Use of Balanced Scorecard in Measuring Company Performance

et al. 2020

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The paper presents the results from the research on the factors influencing the use of the Balanced Scorecard methodology in measuring company performance in the engineering sector. The primary objective of the research was to verify the importance of using non-financial factors in managing businesses in connection to the use of the Balanced Scorecard methodology and to verify the dependence between the use of the given methodology and the lack of human and financial resources for its usage. The research focusing on the given issue was conducted over a period of six months. The research was based on the hypotheses that were verified with statistical methods using the methodology of a Chi-square test. To identify the factors that hinder the usage of the Balanced Scorecard methodology in the addressed enterprises, the method of standard deviation was used. The main result of the research is a finding that there is a statistically significant relationship between the enterprises considering the non-financial indicators and the use of the Balanced Scorecard methodology to be important. This relationship is confirmed also by the calculation using a test with p = 0.0422. The research verified one of the main research goals, i.e., the importance of non-financial indicators in connection to the Balanced Scorecard concept (BSC). Other hypotheses are related to the issue of the lack of human and financial resources. Using the Chi-square test in these cases once again, the study also found out the existence of the dependence between the lack of these resources and the use of the Balanced Scorecard methodology. The final value p = 0.0446 relating to human resources and the value p = 0.0377 relating to financial sources define the barriers as being important in implementing the BSC methodology into corporate practice. These values confirm other research results related to the barriers of using BSC. The presented paper assesses the research results that confirm the importance of using non-financial indicators and define the barriers that hinder this usage. The research contributed to the extension of the knowledge of the BSC concept that we consider being a modern managerial future-oriented tool and supported its implementation in companies so that they could operate within the framework of sustainable development.

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Knowledge and Use of the Balanced Scorecard Method in the Businesses in the Slovak Republic

Cited by 37 publications

References 1 publication

The Structure – Conduct – Performance Paradigm in the European Union Banking

The Structure – Conduct – Performance Paradigm in the European Union Banking

Factors Influencing the Use of the Balanced Scorecard: Evidence from a Regional Context

Factors Affecting the Use of Balanced Scorecard in Measuring Company Performance

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