THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS
The authors carry out an analysis of the “TechSuccess” rating and the enterprises’ financial indicators, calculated on the basis of accounting data. The purpose of the paper is to identify the correlations between the stable local ratings of “TechSuccess” and the financial indicators of enterprises....
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Publishing House of the State University of Management
2020-12-01
|
| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/2511 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832541745350443008 |
|---|---|
| author | A. A. Mikhalchuk A. V. Hizhnyak V. V. Spitsin E. A. Monastyrnyy |
| author_facet | A. A. Mikhalchuk A. V. Hizhnyak V. V. Spitsin E. A. Monastyrnyy |
| author_sort | A. A. Mikhalchuk |
| collection | DOAJ |
| description | The authors carry out an analysis of the “TechSuccess” rating and the enterprises’ financial indicators, calculated on the basis of accounting data. The purpose of the paper is to identify the correlations between the stable local ratings of “TechSuccess” and the financial indicators of enterprises. The research method is correlation analysis based on Spearman’s rank correlation. The study has revealed that the local ratings of “TechSuccess”, “Innovative Companies” and “Export Potential” are more stable than the main rating and the rating “Fast-growing Companies”. Enterprises with a higher “Export Potential” rating are characterized by higher growth for the period 2013-2017, as well as lower profitability and financial stability in 2017. Enterprises with a higher innovation rating are characterized by smaller size and more efficient use of assets. The paper describes the remaining identified patterns. The results obtained should be taken into account when developing measures to support high-tech business. In particular, export enterprises have gained advantages during the stagnation period in terms of revenue growth, but lack their own funds for development and are forced to resort to borrowed funds. They need support in this field. |
| format | Article |
| id | doaj-art-5804917d58234290aa693c63ea63c851 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2020-12-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-5804917d58234290aa693c63ea63c8512025-02-04T08:28:06ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152020-12-01011445210.26425/1816-4277-2020-11-44-521885THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSISA. A. Mikhalchuk0A. V. Hizhnyak1V. V. Spitsin2E. A. Monastyrnyy3National Research Tomsk Polytechnic UniversityNational Research Tomsk Polytechnic UniversityTomsk State University of Control Systems and RadioelectronicsNational Research Tomsk Polytechnic UniversityThe authors carry out an analysis of the “TechSuccess” rating and the enterprises’ financial indicators, calculated on the basis of accounting data. The purpose of the paper is to identify the correlations between the stable local ratings of “TechSuccess” and the financial indicators of enterprises. The research method is correlation analysis based on Spearman’s rank correlation. The study has revealed that the local ratings of “TechSuccess”, “Innovative Companies” and “Export Potential” are more stable than the main rating and the rating “Fast-growing Companies”. Enterprises with a higher “Export Potential” rating are characterized by higher growth for the period 2013-2017, as well as lower profitability and financial stability in 2017. Enterprises with a higher innovation rating are characterized by smaller size and more efficient use of assets. The paper describes the remaining identified patterns. The results obtained should be taken into account when developing measures to support high-tech business. In particular, export enterprises have gained advantages during the stagnation period in terms of revenue growth, but lack their own funds for development and are forced to resort to borrowed funds. They need support in this field.https://vestnik.guu.ru/jour/article/view/2511correlation analysisdea methodfinancial indicators of enterpriseshigh-tech businessexportindustryinnovationsrussiaservicestechnical efficiency“techsuccess” rating |
| spellingShingle | A. A. Mikhalchuk A. V. Hizhnyak V. V. Spitsin E. A. Monastyrnyy THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS Вестник университета correlation analysis dea method financial indicators of enterprises high-tech business export industry innovations russia services technical efficiency “techsuccess” rating |
| title | THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS |
| title_full | THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS |
| title_fullStr | THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS |
| title_full_unstemmed | THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS |
| title_short | THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS |
| title_sort | techsuccess rating and the financial indicators of high tech businesses correlation analysis |
| topic | correlation analysis dea method financial indicators of enterprises high-tech business export industry innovations russia services technical efficiency “techsuccess” rating |
| url | https://vestnik.guu.ru/jour/article/view/2511 |
| work_keys_str_mv | AT aamikhalchuk thetechsuccessratingandthefinancialindicatorsofhightechbusinessescorrelationanalysis AT avhizhnyak thetechsuccessratingandthefinancialindicatorsofhightechbusinessescorrelationanalysis AT vvspitsin thetechsuccessratingandthefinancialindicatorsofhightechbusinessescorrelationanalysis AT eamonastyrnyy thetechsuccessratingandthefinancialindicatorsofhightechbusinessescorrelationanalysis AT aamikhalchuk techsuccessratingandthefinancialindicatorsofhightechbusinessescorrelationanalysis AT avhizhnyak techsuccessratingandthefinancialindicatorsofhightechbusinessescorrelationanalysis AT vvspitsin techsuccessratingandthefinancialindicatorsofhightechbusinessescorrelationanalysis AT eamonastyrnyy techsuccessratingandthefinancialindicatorsofhightechbusinessescorrelationanalysis |