Relationship Between Profitability and Financial Leverage in Selected European Sugar Companies

被引：0

作者：

Ligocka, Marie ^{[1
]}

机构：

[1] Vysoka Skola Ekon, Fak Podnikohospodarska, Katedra Manazerske Ekon, Nam W Churchilla 1938-4, Prague 13067 3, Czech Republic

来源：

LISTY CUKROVARNICKE A REPARSKE | 2021年 / 137卷 / 04期

关键词：

profitability; financial leverage; GMM method; Europe; sugar companies; CAPITAL STRUCTURE;

D O I：

暂无

中图分类号：

TS2 [食品工业];

学科分类号：

0832 ;

摘要：

The paper examined the relationship between profitability and financial leverage in selected sugar companies in 2010 - 2018. The results using the GMM method show that there is no clear relationship between the variables. The findings could reflect many specific factors characteristic for the individual countries and companies, such as ownership structure, differences in the impact of EU sugar reform, diversification of the companies' business activities etc., which do not allow drawing a clear and general conclusion.

引用

页码：160 / 163

页数：4

共 20 条

[1]

Amj ed S, IMPACT FINANCIAL STR

[2]

[Anonymous], AGR STRATEGIES

[3]

Garcia R., ECONOMETRICS OPTION

[4] Operating leverage and profitability of SMEs: agri-food industry in Europe [J].

Grau, Alfredo ;

Reig, Araceli .

SMALL BUSINESS ECONOMICS, 2021, 57 (01) :221-242

[5]

Hall A. R., 2005, GEN METHOD MOMENTS, P400

[6]

Hall G., 2000, International Journal of the Economics of Business, V7, P297, DOI [10.1080/13571510050197203, DOI 10.1080/13571510050197203]

[7] On the determinants of SME capital structure in Central and Eastern Europe: A dynamic panel analysis [J].

Mateev, Miroslav ;

Poutziouris, Panikkos ;

Ivanov, Konstantin .

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2013, 27 (01) :28-51

[8]

Matyas L., 1999, Generalized Method of Moments Estimation, V5

[9] Financial policy and capital structure choice in UK SMEs: Empirical evidence from company panel data [J].

Michaelas, N ;

Chittenden, F ;

Poutziouris, P .

SMALL BUSINESS ECONOMICS, 1999, 12 (02) :113-130

[10]

Pesaran MH., 2015, TIME SERIES PANEL DA, DOI [10.1093/acprof:oso/9780198736912.001.0001, DOI 10.1093/ACPROF:OSO/9780198736912.001.0001]

← 1 2 →