Abstract:
This paper focuses on firm competitiveness and financial factors which influence it. A number of commonly used indicators derived from accounting statements have been selected for a further testing. The aim of this paper is to prove if commonly used financial indicators have an impact on the firm competitiveness. The firm competitiveness is understood as the ability to create the economic value added (EVA). The goal is proven through a data sample containing middle sized business units operating in manufacturing. The business units could be divided into two groups according their current results – competitive and uncompetitive or more generally successful and unsuccessful. Data analysis finds the indicators derived from the past results which can affect and indirectly explain the competitiveness.
