The word “performance” refers to the act of performing, achievement, fulfillment, etc. In border sense, performance refers “to the achievement of a given task measured against preset standards of accuracy, comprehensiveness, cost, and speed”. In other words, it refers to “the degree of achievement that has been accomplished”. According to Frich Kohlar, “the word performance is a general term applied to a part or all the conducts of activities of an organization over some time often concerning past or expected cost efficiency, management responsibility or accountability.” Therefore, the output relates not only to the presentation but to the quality of the results obtained. Performance is used to show the achievement, circumstances, and compliance of a bank.
Financial performance relates to economic activity and performance ordinance. Financial performance, in a wider sense, relates to the degree to which strategic goals are or have been achieved. It is the method of financial measurement of the outcomes of the policies and activities of a company. It is used to evaluate the general financial health of a bank over the study period, and also can be often used to compare associated businesses across a certain sector, to compare the aggregated firms or industries.
For citing this article use:
- Thabit Yahya Ahmed Al Qaser, A. (2019). Financial Performance of Islamic and Conventional Banks in Yemen A comparative study.
