J 2025

Business Performance as a Relationship Between Models of Customer Satisfaction and Financial Performance

SUCHÁNEK, Petr and Mária KRÁLOVÁ

Basic 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

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.