Factors affecting Firm Performance in periods of Financial Crisis: Evidence from the listed on the Athens Stock Exchange Food Companies.
| dc.contributor.author | Chytis, Evangelos | en |
| dc.contributor.author | Tasios, Stergios | en |
| dc.contributor.author | Arnis, Nikolaos | en |
| dc.date.accessioned | 2021-03-02T12:49:54Z | |
| dc.date.available | 2021-03-02T12:49:54Z | |
| dc.identifier.uri | https://olympias.lib.uoi.gr/jspui/handle/123456789/30610 | |
| dc.identifier.uri | http://dx.doi.org/10.26268/heal.uoi.10454 | |
| dc.rights | Attribution-NonCommercial-NoDerivs 3.0 United States | * |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/us/ | * |
| dc.subject | Firm performance | en |
| dc.subject | Financial crisis | en |
| dc.subject | Diary food | en |
| dc.subject | ASE | en |
| dc.title | Factors affecting Firm Performance in periods of Financial Crisis: Evidence from the listed on the Athens Stock Exchange Food Companies. | en |
| heal.abstract | 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. | en |
| heal.access | free | |
| heal.bibliographicCitation | Reference: 29-36 | en |
| heal.dateAvailable | 2021-03-02T12:50:54Z | |
| heal.fullTextAvailability | true | |
| heal.journalName | MIBES Transactions | en |
| heal.journalType | peer-reviewed | |
| heal.language | en | |
| heal.publicationDate | 2018 | |
| heal.publisher | Department of Environmental Science University of Thessaly, Greece | en |
| heal.recordProvider | Πανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Διοικητικών Επιστημών.Τμήμα Λογιστικής & Χρηματοοικονομικής. | |
| heal.type | journalArticle | |
| heal.type.el | Άρθρο περιοδικού | el |
| heal.type.en | Journal article | en |
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