Factors affecting Firm Performance in periods of Financial Crisis: Evidence from the listed on the Athens Stock Exchange Food Companies.
Φόρτωση...
Ημερομηνία
Συγγραφείς
Chytis, Evangelos
Tasios, Stergios
Arnis, Nikolaos
Τίτλος Εφημερίδας
Περιοδικό ISSN
Τίτλος τόμου
Εκδότης
Department of Environmental Science University of Thessaly, Greece
Περίληψη
Τύπος
Είδος δημοσίευσης σε συνέδριο
Είδος περιοδικού
peer-reviewed
Είδος εκπαιδευτικού υλικού
Όνομα συνεδρίου
Όνομα περιοδικού
MIBES Transactions
Όνομα βιβλίου
Σειρά βιβλίου
Έκδοση βιβλίου
Συμπληρωματικός/δευτερεύων τίτλος
Περιγραφή
This paper aims to explore factors affecting firm performance during
the period of the financial crisis in Greece. For this purpose the
listed food companies on the Athens Stock Exchange (ASE) were examined
for the period 2008 - 2012.
Corporate profitability was selected as a proxy for company
performance and was regressed on firm characteristics and key
financial indicators (firm size, liquidity, leverage, receivables/
payables turnover and capital employed to net fixed assets ratio).
Using panel data, regression results showed a positive association
between profitability and company size and payables turnover days.
Findings indicate that larger firms and firms with a relatively longer
time between purchases and payment for them were more profitable
during the period of the financial crisis. On the other hand, a
negative association was found between profitability and capital
employed to net fixed assets ratio and inventory turnover days. The
remaining variables were not found to be significantly correlated.
Our results about the impact of firm size on firm performance confirm
the findings of previous studies in Greece. The findings regarding the
impact on profitability of capital employed to net fixed assets ratio,
payables and inventory turnover enrich the existing literature on the
factors which affected the performance of listed food companies during
the crisis. Finally, future research could include non listed food
companies in Greece and could expand in more firm years. In addition,
the impact of corporate governance could be explored.
Περιγραφή
Λέξεις-κλειδιά
Firm performance, Financial crisis, Diary food, ASE
Θεματική κατηγορία
Παραπομπή
Σύνδεσμος
Γλώσσα
en
Εκδίδον τμήμα/τομέας
Όνομα επιβλέποντος
Εξεταστική επιτροπή
Γενική Περιγραφή / Σχόλια
Ίδρυμα και Σχολή/Τμήμα του υποβάλλοντος
Πανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Διοικητικών Επιστημών.Τμήμα Λογιστικής & Χρηματοοικονομικής.
Πίνακας περιεχομένων
Χορηγός
Βιβλιογραφική αναφορά
Reference: 29-36
Ονόματα συντελεστών
Αριθμός σελίδων
Λεπτομέρειες μαθήματος
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Άδεια Creative Commons
Άδεια χρήσης της εγγραφής: Attribution-NonCommercial-NoDerivs 3.0 United States