Publication detail

East European outwear textile producers and their financial performance after Covid-19 period

MILICHOVSKÝ, F. MRÁČEK, P.

Original Title

East European outwear textile producers and their financial performance after Covid-19 period

Type

conference paper

Language

English

Original Abstract

Research background: For the companies is financial performance considered as key area of their business activities. Also it is not important the industry of the company. Therefore, similar approach is possible to apply in field of outdoor wear production. In the outwear industry there should be difference for companies from Eastern Europe because of the customers perception of their products. Purpose of the article: The main objective of the paper is to find key indicators in grouped factor in the field of financial performance for companies in outwear production industry. Methods: For definition of composite indicator we employed data of Orbis Europe database, from which we got data of 2097 companies, which operated in Eastern Europe (Czech Republic, Slovakia, Hungary, Poland, Romania, Bulgaria, and Ukraina). To definition of the mentioned composite factor we employed factor analysis, which helps to reduce number of input variables into less number of factors. Findings & Value added: We defined three composite factors, which should be used for evaluation of financial performance of outwear producers. All chosen companies in outwear production should focus on application one of three observed factors, which help them to improve own competitiveness within companies of other European regions (especially Scandinavians) and from world area.

Keywords

outdoor production; performance; financial indicators; global brands

Authors

MILICHOVSKÝ, F.; MRÁČEK, P.

Released

15. 2. 2023

Publisher

UNIVERSITY OF ZILINA

Location

Žilina

ISBN

978-80-8154-332-6

Book

GLOBALIZATION AND ITS SOCIO-ECONOMIC CONSEQUENCES

Pages from

946

Pages to

952

Pages count

7

URL

https://globalizacia.com/wp-content/uploads/2023/02/Globalizacia_2022.pdf

BibTex

@inproceedings{BUT182865,
  author="František {Milichovský} and Pavel {Mráček}",
  title="East European outwear textile producers and their financial performance after Covid-19 period",
  booktitle="GLOBALIZATION AND ITS SOCIO-ECONOMIC CONSEQUENCES",
  year="2023",
  pages="946--952",
  publisher="UNIVERSITY OF ZILINA",
  address="Žilina",
  isbn="978-80-8154-332-6",
  url="https://globalizacia.com/wp-content/uploads/2023/02/Globalizacia_2022.pdf"
}