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With the constantly changing conditions of the market environment, companies and their managements have been under permanent pressure to find sufficient economic reserves and resources allowing to further grow and improve their financial performance. Financial performance considerably affects the company position in the market and also the level of its competitiveness. Besides other factors, the company financial performance and competitiveness are influenced by the amount of costs consumed. Practical experience a...

There are two well-known anomalies about initial public offering companies; abnormal initial returns to outside investors and long-term underperformance. These two well-documented anomalies are still unsolved puzzles which attract great attention in corporate finance research. This leads to generation of many possible explanations with different hypotheses. Beside many other theories and perspectives, agency theory related explanations for these anomalies is a flourishing and fruitful area for further research. In...

The basis for each successful economy is the performance and competitiveness of its core enterprise entities. Rising competition, which is caused by growing globalization processes, forces enterprises to evaluate their performance not only from the point of view of past financial results, but at the same time to compare their achieved results with competition in the relevant sector. Enterprises are exposed to ever stronger competition from globalization, leading to increased flexibility of all actors in the nation...