RETURN AND TOTAL FACTOR PRODUCTIVITY OF PUBLIC INDUSTRIAL COMPANIES

Abstract

Total factor productivity is a complex factor that affects not only corporate growth but also other key parameters of industrial companies. This paper explores the impact of this factor on the return on capital invested in these companies. Based on the example of a group of public companies whose shares are traded on the main and alternative markets of the Bulgarian Stock Exchange – Sofia, the level and the dynamics of the return and the total factor productivity is analysed. Dependencies are identified and opportunities for intensifying corporate growth are revealed.

Keywords

• return
• total factor productivity
• corporate growth
• industrial companies
• capital