2025
Business Performance as a Relationship Between Models of Customer Satisfaction and Financial Performance
SUCHÁNEK, Petr and Mária KRÁLOVÁBasic information
Original name
Business Performance as a Relationship Between Models of Customer Satisfaction and Financial Performance
Name in Czech
Literatura o event managementu: zkoumání chybějícího korpusu znalostí
Authors
SUCHÁNEK, Petr and Mária KRÁLOVÁ
Edition
SAGE OPEN, THOUSAND OAKS, CA 91320 USA, SAGE PUBLICATIONS INC, 2025, 2158-2440
Other information
Language
English
Type of outcome
Article in a journal
Field of Study
50200 5.2 Economics and Business
Country of publisher
United States of America
Confidentiality degree
is not subject to a state or trade secret
References:
Impact factor
Impact factor: 2.000 in 2024
Marked to be transferred to RIV
Yes
Organization unit
Ambis University
UT WoS
EID Scopus
Keywords (in Czech)
Event management; festivaly; mega eventy; akademické publikování; jazyk
Keywords in English
customer expectations;customer satisfaction;business financial performance;TOPSISZ-score
Tags
Tags
International impact, Reviewed
Changed: 24/2/2026 16:46, Ing. Kateřina Lendrová
Abstract
In the original language
The goal of this paper is to connect models of customer satisfaction and financial performance into a single aggregate model of business performance. The contribution of this paper lies in the increased complexity of assessing business performance, which results from connecting the model of customer satisfaction with the model of financial performance. The model of customer satisfaction is constructed based on customer expectations, which differs from the standard approach. The model is constructed based on a questionnaire survey of customers of select businesses. The financial performance of the same businesses was assessed based on publicly available data, which were used as inputs into ratio indicators. Afterward, financial performance was assessed using two methods (TOPSIS and Altman's Z-score). The results show that the model of customer satisfaction helps us better understand financial performance when incorporating customer expectations. This financial performance was measured using the aggregate model of financial performance, composed of select financial indicators. The magnitude of the effect is greater than if financial performance is measured using standalone ratio indicators.