出版社：Economic Laboratory for Transition Research Podgorica
摘要：The main objective of this paper was to analyse the performance
and efficiency development of the Slovakia's spa sector over the
years 2013 – 2017 by applying the selected modern methods of
business performance evaluation – the Economic Value Added, the
Return On Net Assets, the Creditworthy Model, the Simplex Linear
Programming Method and examine whether the application of these
modern models provides an identical view of the financial performance
of the sector surveyed. The intention of the paper was also to
reveal statistically significant interconnections between the key EVA
indicator and other modern methods. In the case of confirmation of
a strong correlation we focused on evaluation the degree of identity
with the results of above-mentioned applied methods. Despite the
fact that these models evaluate performance on the basis of different
input data and indicators, year 2015 was identically identified
as the best-performing one, vice-versa, the worst financial performance
of enterprises was recorded in 2016 within the application of
all methods. At the significance level of p < 0.05, a statistically
significant correlation between all pairs of the analysed methods
was revealed. However, the strongest positive correlation with the
Economic Value Added was confirmed in the case of Simplex Method
of Linear Programming ( = 0.536842). This result was also
confirmed by the identical assessment of the performance and
efficiency development in individual years. Results of the study
pointed to close interconnection between the dimension of performance
(the EVA indicator) and efficiency (the Simplex Method of
Linear Programming), which will be integrated into a new designed
Enterprise Performance Model (EPM).
关键词：business performance;
business efficiency;
modern methods of performance
evaluation;
spa enterprises
