THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS

The authors carry out an analysis of the “TechSuccess” rating and the enterprises’ financial indicators, calculated on the basis of accounting data. The purpose of the paper is to identify the correlations between the stable local ratings of “TechSuccess” and the financial indicators of enterprises....

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Autores principales:	A. A. Mikhalchuk, A. V. Hizhnyak, V. V. Spitsin, E. A. Monastyrnyy
Formato:	article
Lenguaje:	RU
Publicado:	Publishing House of the State University of Management 2020
Materias:	correlation analysis dea method financial indicators of enterprises high-tech business export industry innovations russia services technical efficiency “techsuccess” rating Sociology (General) HM401-1281 Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/5804917d58234290aa693c63ea63c851
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spelling	oai:doaj.org-article:5804917d58234290aa693c63ea63c8512021-12-03T07:43:34ZTHE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS1816-42772686-841510.26425/1816-4277-2020-11-44-52https://doaj.org/article/5804917d58234290aa693c63ea63c8512020-12-01T00:00:00Zhttps://vestnik.guu.ru/jour/article/view/2511https://doaj.org/toc/1816-4277https://doaj.org/toc/2686-8415The authors carry out an analysis of the “TechSuccess” rating and the enterprises’ financial indicators, calculated on the basis of accounting data. The purpose of the paper is to identify the correlations between the stable local ratings of “TechSuccess” and the financial indicators of enterprises. The research method is correlation analysis based on Spearman’s rank correlation. The study has revealed that the local ratings of “TechSuccess”, “Innovative Companies” and “Export Potential” are more stable than the main rating and the rating “Fast-growing Companies”. Enterprises with a higher “Export Potential” rating are characterized by higher growth for the period 2013-2017, as well as lower profitability and financial stability in 2017. Enterprises with a higher innovation rating are characterized by smaller size and more efficient use of assets. The paper describes the remaining identified patterns. The results obtained should be taken into account when developing measures to support high-tech business. In particular, export enterprises have gained advantages during the stagnation period in terms of revenue growth, but lack their own funds for development and are forced to resort to borrowed funds. They need support in this field.A. A. MikhalchukA. V. HizhnyakV. V. SpitsinE. A. MonastyrnyyPublishing House of the State University of Managementarticlecorrelation analysisdea methodfinancial indicators of enterpriseshigh-tech businessexportindustryinnovationsrussiaservicestechnical efficiency“techsuccess” ratingSociology (General)HM401-1281Economics as a scienceHB71-74RUВестник университета, Vol 0, Iss 11, Pp 44-52 (2020)
institution	DOAJ
collection	DOAJ
language	RU
topic	correlation analysis dea method financial indicators of enterprises high-tech business export industry innovations russia services technical efficiency “techsuccess” rating Sociology (General) HM401-1281 Economics as a science HB71-74
spellingShingle	correlation analysis dea method financial indicators of enterprises high-tech business export industry innovations russia services technical efficiency “techsuccess” rating Sociology (General) HM401-1281 Economics as a science HB71-74 A. A. Mikhalchuk A. V. Hizhnyak V. V. Spitsin E. A. Monastyrnyy THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS
description	The authors carry out an analysis of the “TechSuccess” rating and the enterprises’ financial indicators, calculated on the basis of accounting data. The purpose of the paper is to identify the correlations between the stable local ratings of “TechSuccess” and the financial indicators of enterprises. The research method is correlation analysis based on Spearman’s rank correlation. The study has revealed that the local ratings of “TechSuccess”, “Innovative Companies” and “Export Potential” are more stable than the main rating and the rating “Fast-growing Companies”. Enterprises with a higher “Export Potential” rating are characterized by higher growth for the period 2013-2017, as well as lower profitability and financial stability in 2017. Enterprises with a higher innovation rating are characterized by smaller size and more efficient use of assets. The paper describes the remaining identified patterns. The results obtained should be taken into account when developing measures to support high-tech business. In particular, export enterprises have gained advantages during the stagnation period in terms of revenue growth, but lack their own funds for development and are forced to resort to borrowed funds. They need support in this field.
format	article
author	A. A. Mikhalchuk A. V. Hizhnyak V. V. Spitsin E. A. Monastyrnyy
author_facet	A. A. Mikhalchuk A. V. Hizhnyak V. V. Spitsin E. A. Monastyrnyy
author_sort	A. A. Mikhalchuk
title	THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS
title_short	THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS
title_full	THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS
title_fullStr	THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS
title_full_unstemmed	THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS
title_sort	“techsuccess” rating and the financial indicators of high-tech businesses: correlation analysis
publisher	Publishing House of the State University of Management
publishDate	2020
url	https://doaj.org/article/5804917d58234290aa693c63ea63c851
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THE “TECHSUCCESS” RATING AND THE FINANCIAL INDICATORS OF HIGH-TECH BUSINESSES: CORRELATION ANALYSIS

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