Abstract:
Currently, the trend in measuring the performance of a company is to change the top indicator for measuring performance from a profitability indicator to an indicator aimed at maximizing the value for owners. This trend represents the use of value criteria to measure business performance in the form of indicators, such as Economic Value Added (EVA). The linking of the EVA indicator with the Balanced Scorecard (BSC) methodology appears to be a significant contribution in the field of measuring and increasing the performance of companies. The aim of the paper was to assess the performance of a sample of companies in Slovakia and identify financial indicators, which are performance drivers. The correlation matrix and the BSC method were applied in the selection of financial performance indicators. The study was processed on a sample of 343 companies operating in the field of heat management. The performance of companies in this sector needs to be measured and monitored despite the fact that this sector is a regulated sector within the Slovak economy. However, it is an important sector in terms of the economic results of Slovakia. The benefits presented in this paper are the evaluation of the performance of the sample of companies, determination of the ranking of companies in terms of their performance, as well as the proposal for important performance indicators in the field of financial performance of companies.
