Phases in the Lifecycle of a Company and the Profitability of Industrial Companies
Subject and purpose of work: The aim of this study is to analyse the profitability level of industrial companies in various phases of their lifecycle. Materials and methods: The article uses data from individual annual financial statements of industrial companies in accordance with the classificatio...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2017-12-01
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| Series: | Studia Ekonomiczne i Regionalne |
| Subjects: | |
| Online Access: | https://doi.org/10.29316/ers-seir.2017.35 |
| _version_ | 1797316531392086016 |
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| author | Kuś Agnieszka Żurakowska-Sawa Joanna |
| author_facet | Kuś Agnieszka Żurakowska-Sawa Joanna |
| author_sort | Kuś Agnieszka |
| collection | DOAJ |
| description | Subject and purpose of work: The aim of this study is to analyse the profitability level of industrial companies in various phases of their lifecycle. Materials and methods: The article uses data from individual annual financial statements of industrial companies in accordance with the classification of the Warsaw Stock Exchange. In order to investigate whether there are essential differences in the level of profitability of companies in various phases of their lifecycle, due to significant deviations from normality, the nonparametric Kruskal-Wallis H test was used. To find out which lifecycle phases differ significantly in terms of the level of analysed profitability ratios, a test of multiple comparisons of medium ranks was used (Post-hoc Dunn’s test). Results: The obtained research results show that a given lifecycle phase significantly differentiates the level of the analysed profitability indices. Conclusions: Based on the conducted research, it was found that the company’s lifecycle phase statistically significantly differentiates the level of the analysed profitability indices. In the early phases of the lifecycle, the level of profitability in the surveyed companies increased gradually reaching maximum and stable values in the phase of maturity or shake-out, after which it decreased in the decline phase. This points to an evolutionary transition of individual companies to the next phase of the lifecycle. |
| first_indexed | 2024-03-08T03:20:42Z |
| format | Article |
| id | doaj.art-87d4435c99684f36a838fec853493b38 |
| institution | Directory Open Access Journal |
| issn | 2451-182X |
| language | English |
| last_indexed | 2024-03-08T03:20:42Z |
| publishDate | 2017-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studia Ekonomiczne i Regionalne |
| spelling | doaj.art-87d4435c99684f36a838fec853493b382024-02-12T09:13:52ZengSciendoStudia Ekonomiczne i Regionalne2451-182X2017-12-01104627510.29316/ers-seir.2017.35Phases in the Lifecycle of a Company and the Profitability of Industrial CompaniesKuś Agnieszka0Żurakowska-Sawa Joanna1Pope John Paul II State School of Higher Education in Biała Podlaska Państwowa Szkoła Wyższa im. Papieża Jana Pawła II w BiałejPodlaskiej, PoloniaPope John Paul II State School of Higher Education in Biała Podlaska Państwowa Szkoła Wyższa im. Papieża Jana Pawła II w BiałejPodlaskiej, PoloniaSubject and purpose of work: The aim of this study is to analyse the profitability level of industrial companies in various phases of their lifecycle. Materials and methods: The article uses data from individual annual financial statements of industrial companies in accordance with the classification of the Warsaw Stock Exchange. In order to investigate whether there are essential differences in the level of profitability of companies in various phases of their lifecycle, due to significant deviations from normality, the nonparametric Kruskal-Wallis H test was used. To find out which lifecycle phases differ significantly in terms of the level of analysed profitability ratios, a test of multiple comparisons of medium ranks was used (Post-hoc Dunn’s test). Results: The obtained research results show that a given lifecycle phase significantly differentiates the level of the analysed profitability indices. Conclusions: Based on the conducted research, it was found that the company’s lifecycle phase statistically significantly differentiates the level of the analysed profitability indices. In the early phases of the lifecycle, the level of profitability in the surveyed companies increased gradually reaching maximum and stable values in the phase of maturity or shake-out, after which it decreased in the decline phase. This points to an evolutionary transition of individual companies to the next phase of the lifecycle.https://doi.org/10.29316/ers-seir.2017.35lifecycle phaseindustrial companyprofitability |
| spellingShingle | Kuś Agnieszka Żurakowska-Sawa Joanna Phases in the Lifecycle of a Company and the Profitability of Industrial Companies Studia Ekonomiczne i Regionalne lifecycle phase industrial company profitability |
| title | Phases in the Lifecycle of a Company and the Profitability of Industrial Companies |
| title_full | Phases in the Lifecycle of a Company and the Profitability of Industrial Companies |
| title_fullStr | Phases in the Lifecycle of a Company and the Profitability of Industrial Companies |
| title_full_unstemmed | Phases in the Lifecycle of a Company and the Profitability of Industrial Companies |
| title_short | Phases in the Lifecycle of a Company and the Profitability of Industrial Companies |
| title_sort | phases in the lifecycle of a company and the profitability of industrial companies |
| topic | lifecycle phase industrial company profitability |
| url | https://doi.org/10.29316/ers-seir.2017.35 |
| work_keys_str_mv | AT kusagnieszka phasesinthelifecycleofacompanyandtheprofitabilityofindustrialcompanies AT zurakowskasawajoanna phasesinthelifecycleofacompanyandtheprofitabilityofindustrialcompanies |