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The Impact Of Financial Leverage On Business Performance: A Quantitative Study In The Tourism Sector Of Croatia
Daglas Koraca
; Istarsko veleučilište u Puli, Pula, Hrvatska
Daniel Deković
; Istarsko veleučilište u Puli, Pula, Hrvatska
Sažetak
This research analyzes the impact of financial leverage on business performance in the five largest Croatian tourism companies, which together hold more than 60% of the country’s tourism capacities. Using quantitative methods, including descriptive statistics, correlation, and regression analysis, the relationship between the level of debt and indicators of business performance was examined. The results indicate a positive impact of financial leverage on business performance, suggesting that
adequate management of the financial structure can contribute to improving business results. However, the work also recognizes potential risks associated with the excessive use of debt, pointing to the importance of a balanced financial strategy. Despite certain limitations, such as a limited sample and focus only on the tourism sector, the results of the research provide valuable insights for managers, investors, the scientific and academic community. The research stands out for its relevance and
topicality, especially in the context of economic challenges and potential economic instabilities. The paper also emphasizes the need for further research to better understand the mechanisms through which financial leverage affects business performance, and it can serve as a foundation for future research in this important area.
Ključne riječi
Business performance; financial leverage; financial management; tourism.
Hrčak ID:
309164
URI
Datum izdavanja:
24.10.2023.
Posjeta: 118 *