AGGREGATED INDEX FOR MODELLING THE INFLUENCE OF FISCAL, FINANCIAL AND SOCIAL POLICIES ON ENTERPRISE FINANCIAL PERFORMANCE

In this study we develop a financial performance aggregate index (FPAI) for modelling the relationship between fiscal policy and financial performances. There are seven variables used to compose the index, that specifically reflect the influence of fiscal, financial, and social policies on the enterprise’s financial performance. Mainly, it is expected that the FPAI could be applied for modelling the effective management of typical fiscal policies for companies from different sectors, but also for evaluation of financial performances of an enterprise under these fiscal and social policies. This paper represents the theoretical results of our research, while the empirical results will be provided in a future study.