Financial Health of Cluster Organisations: A Case Study from the Czech and Slovak ICT Industry
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Technická Univerzita v Liberci
Technical university of Liberec, Czech Republic
Technical university of Liberec, Czech Republic
Abstract
This paper analyses the financial health of firms that are members of selected cluster organizations operating in the Czech and Slovak Republics. The research includes two research samples, which are member firms of cluster organizations IT Cluster and Košice IT Valley. Both of the above-mentioned cluster organizations were established as a result of a cluster initiative and associated entities from the ITC sector. The firms that form the cores of the above-mentioned cluster organizations are mostly active in the sectors with the following statistical classification: NACE 620100, 620200, and 620900. The main objective of the present research is to analyze selected financial health indicators of member firms of both cluster organizations and to determine whether or not there are significant differences in the development of selected financial indicators between individual firms. To achieve the objective, the profitability ratios and Altman's Z´´score model were used. The research results are discussed in the conclusion of the paper.
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Subject(s)
cluster organization, financial health, ITC sector, Z´´ score, paired-samples t-test
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978-80-7494-627-1