The Mechanisms of Creating Value vs. Financial Security of Going Concern—Sustainable Management
Round 1
Reviewer 1 Report
I encourage you to carry out research based on collections of small manufacturing enterprises (10-49 employees), medium (50-249) and large (over 250). I also believe that it will enable the diversification of the financial security of the company's operations and the assessment of the degree of sustainability of effects in the context of value creation and sustainable management of financial security. This is due to the fact that the analyzed collections are significantly different, not only because of their number and size of employment, they differ in the structure of ownership and management models.
Author Response
Dear Sir/Madam,
Thank you for your comments on my article "The mechanisms of creating value vs. financial security of going concern - sustainable management".
I consider them to be accurate and valuable, improving the quality of the article. None of them was critical, forcing improvement of the text.
The suggestion concerning research in terms of the size of enterprises is worthwhile and will be implemented in their next part (it is necessary to collect new data).
In view of the suggestions of another reviewer, the following changes have been introduced in the article:
1. Introduction - the description has been deepened; the context of research and the main subject has been justified
2. Literature review - four subsections have been added; the problem of sustainability (sustainable development, sustainable management, corporate social responsibility and sustainable value creation) and models for predicting financial risks have been concretised.
3. Methodological part - additional descriptions, formulas and diagrams have been introduced
4. Summary - the conclusions on the implications of research results for sustainable management have been broadened
The main changes in the text are marked in red (parts added).
Yours faithfully
Reviewer 2 Report
The study object of the article relative to the comparison between the two the mechanisms of creation of the business value in a perspective of sustainable management is of particular interest and actuality, it would be interesting in the future to extend the research to other productive sectors and to a sample of companies higher.
Author Response
Dear Sir/Madam,
Thank you for your comments on my article "The mechanisms of creating value vs. financial security of going concern - sustainable management".
I consider them to be accurate and valuable, improving the quality of the article. None of them was critical, forcing improvement of the text.
The suggestion concerning the study of further sectors of activity is valuable, it is included in the summary and will be carried out in subsequent studies (it is necessary to obtain new data).
In view of the suggestions of another reviewer, the following changes have been introduced in the article:
1. Introduction - the description has been deepened; the context of research and the main topic has been justified.
2. Literature review - four subsections have been added; the problem of sustainability (sustainable development, sustainable management, corporate social responsibility and sustainable value creation) and models for predicting financial threat have been concretised.
3. Methodological part - additional descriptions, formulas and diagrams have been introduced.
4. Summary - the conclusions on the implications of research results for sustainable management have been broadened.
The main changes in the text are marked in red (parts added).
Yours faithfully
Reviewer 3 Report
In the introduction, the contextualisation of the topic being studied should be better specified, the literature review is not considered coherent and is not exhaustive to support the objective to be pursued. The methodological approach used could be better described. The conclusions refer to a sustainable management without being promptly supported by analyzing the impact on the socio-environmental level. In this paragraph the managerial implications and the limits of the research are not clearly explained.
Author Response
Dear Sir/Madam,
Thank you for your comments on my paper "The mechanisms of creating value vs. financial security of going concern - sustainable management". I consider them to be accurate and valuable, improving the quality of the article.
It was recommended to ["must be improved"] (1) extend the context of the topic of research and literature review, as well as (2) descriptions of methodology. All these changes were made.
Other changes were also made, which were suggested ["can be improved"]: (3) extension of the summary, indication of research limits and implications for management, (4) discussion of the context of the environment and society in terms of value creation.
In detail, the following changes were made in the paper:
1. introduction - the description was extended; the context of the research and the main topic were justified.
2. literature review - four subcsections were added; the problem of sustainability (sustainable development, sustainable management, corporate social responsibility and sustainable value creation) and the description of models of financial threat prediction were concretised.
3. methodological part - additional descriptions, formulas and diagrams were introduced.
4. Summary - conclusions concerning the implications of research results for sustainable management were extended; research limits were indicated.
The main changes in the text are marked in red (parts added).
I express the hope that the changes introduced in the paper will be satisfying and will be appreciated by the Reviewer.
Yours faithfully
Round 2
Reviewer 3 Report
The work after the revisions has been definitely improved and can be published in the current version.
It should be noticed that despite the authors have indicated that the research context, the main objective and the limits have already been indicated in the initial draft of the work, however they enriched and improved it.
