Evaluating Financial Performance of IT Companies in the Consolidated Group
Evaluating Financial Performance of IT Companies in the Consolidated Group

Author(s): Radoslav Tusan
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Summary/Abstract: This paper deals with the evaluation of the fnancial performance and fnancial position of IT companies in the consolidated group. The subject of the investigation is a consolidated group consisting of a parent company domiciled in Germany and its subsidiary in Slovakia. The article aims to point out the mutual relations within the consolidated group through correlation coefcients. The examined relations are in the area of proftability, indebtedness, liquidity and some macroeconomic indicators. The paper set out two objectives of the research: 1) within the consolidated group, the mutual relations between the parent company and the subsidiary are not signifcant; 2) within the consolidated group, the mutual relations between the parent company and the subsidiary are signifcant. Interesting conclusions emerged from the comparison of correlation coefcients.

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