Outsourcing in the top 5 start-up companies in Republic of Croatia
All business entities, including start-up companies seek ways to enhance their financial performance, primarily through reducing expenditure. One of the ways is to use outsourcing services, especially for activities outside their main business activity, such as consulting, accounting, legal services...
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| Format: | Article |
| Language: | English |
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Libertas međunarodno sveučilište
2021-01-01
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| Series: | Acta Economica et Turistica |
| Subjects: | |
| Online Access: | https://hrcak.srce.hr/file/374551 |
| _version_ | 1819119191811162112 |
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| author | Anđelka Buneta Ines Stanković Obrč |
| author_facet | Anđelka Buneta Ines Stanković Obrč |
| author_sort | Anđelka Buneta |
| collection | DOAJ |
| description | All business entities, including start-up companies seek ways to enhance their financial performance, primarily through reducing expenditure. One of the ways is to use outsourcing services, especially for activities outside their main business activity, such as consulting, accounting, legal services and the like. It is generally ore financially beneficial to pay for these services upon necessity than to invest in the development of their own resources. Therefore, with the purpose of achieving a greater efficacy of their business and improve their competitiveness, they expand the concept of the horizontal coordination and cooperation outside their borders. Research results thus far show that including external partners into a company’s business results in transforming a part of fixed expenses into variable ones that depend solely on their activity. This achieves reduction of total business expenditure, which may result in greater profits for these companies. The aim of this paper is to research the application, representativeness and impact of outsourcing on the success rate of startup businesses through movements of economic efficiency and their activity. The efficiency rate used by the observed start-up companies for its assets in business processes aimed at achieving revenue is observed through total asset turnover ratio, fixed asset turnover ratio and current asset turnover ratio of the companies in the period from 2015 to 2019. Through literary background research we established theoretic basis describing the issues dealt with in this paper. research methodology is based on a questionnaire (Appendix 1), financial reports analysis and notes accompanying financial reports through the selected financial indicators. |
| first_indexed | 2024-12-22T06:00:51Z |
| format | Article |
| id | doaj.art-9f6520d27c614c3eab7329dec9a3f622 |
| institution | Directory Open Access Journal |
| issn | 1849-8469 1849-921X |
| language | English |
| last_indexed | 2024-12-22T06:00:51Z |
| publishDate | 2021-01-01 |
| publisher | Libertas međunarodno sveučilište |
| record_format | Article |
| series | Acta Economica et Turistica |
| spelling | doaj.art-9f6520d27c614c3eab7329dec9a3f6222022-12-21T18:36:34ZengLibertas međunarodno sveučilišteActa Economica et Turistica1849-84691849-921X2021-01-017181107343Outsourcing in the top 5 start-up companies in Republic of CroatiaAnđelka Buneta0Ines Stanković Obrč1Libertas International UniversityLibertas International UniversityAll business entities, including start-up companies seek ways to enhance their financial performance, primarily through reducing expenditure. One of the ways is to use outsourcing services, especially for activities outside their main business activity, such as consulting, accounting, legal services and the like. It is generally ore financially beneficial to pay for these services upon necessity than to invest in the development of their own resources. Therefore, with the purpose of achieving a greater efficacy of their business and improve their competitiveness, they expand the concept of the horizontal coordination and cooperation outside their borders. Research results thus far show that including external partners into a company’s business results in transforming a part of fixed expenses into variable ones that depend solely on their activity. This achieves reduction of total business expenditure, which may result in greater profits for these companies. The aim of this paper is to research the application, representativeness and impact of outsourcing on the success rate of startup businesses through movements of economic efficiency and their activity. The efficiency rate used by the observed start-up companies for its assets in business processes aimed at achieving revenue is observed through total asset turnover ratio, fixed asset turnover ratio and current asset turnover ratio of the companies in the period from 2015 to 2019. Through literary background research we established theoretic basis describing the issues dealt with in this paper. research methodology is based on a questionnaire (Appendix 1), financial reports analysis and notes accompanying financial reports through the selected financial indicators.https://hrcak.srce.hr/file/374551start-up companiesoutsourcingbusiness economic efficiency |
| spellingShingle | Anđelka Buneta Ines Stanković Obrč Outsourcing in the top 5 start-up companies in Republic of Croatia Acta Economica et Turistica start-up companies outsourcing business economic efficiency |
| title | Outsourcing in the top 5 start-up companies in Republic of Croatia |
| title_full | Outsourcing in the top 5 start-up companies in Republic of Croatia |
| title_fullStr | Outsourcing in the top 5 start-up companies in Republic of Croatia |
| title_full_unstemmed | Outsourcing in the top 5 start-up companies in Republic of Croatia |
| title_short | Outsourcing in the top 5 start-up companies in Republic of Croatia |
| title_sort | outsourcing in the top 5 start up companies in republic of croatia |
| topic | start-up companies outsourcing business economic efficiency |
| url | https://hrcak.srce.hr/file/374551 |
| work_keys_str_mv | AT anđelkabuneta outsourcinginthetop5startupcompaniesinrepublicofcroatia AT inesstankovicobrc outsourcinginthetop5startupcompaniesinrepublicofcroatia |