Study regarding companies performance measurement through non-financial indicators – the case of airline industry
Study regarding companies performance measurement through non-financial indicators – the case of airline industry

Summary/Abstract: The fact that financial information alone is insufficient in assessing a company’s performance is more and more debated. . The present paper aims to analyze the relation between the changes in companies’ market value and selected financial and non-financial indicators for the airline industry. The main aim of this study is to analyze the value relevance of non-financial information in assessing a company’s performance by reference to the airline industry. The results reveal that non-financial indicators “load factor”, “available seat kilometers” and the financial measures “pretax return on assets”,“curent ratio”, ”debt-toequity ratio” and ”sales growth” are valuable in explaining the stock price evolution.

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