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An Empirical Analysis Of The Effects Of The 2007-2008 Financial Crisis On Changes In The Value Creation Of Firms In Individual Industrial Sectors

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  • Kiss Anita

    (University of Debrecen, Faculty of Economics and Business, Institute of Accounting and Finance)

Abstract

The main goal of this paper to answer the question: what are the factors that influence the value of the firm and how does the influencing force of these factors take shape in the various sectors of ten industries, in the light of the aftermath of the 2007-2008 global financial crisis. Regarding the effects of the crisis, are there any differences among the examined industrial sectors? In this study I examined the validity of my hypothesis with using the available database which I have set according to the related literature reviewed and research objectives. After the literature review I conducted statistical research to answer the research question of this paper. This study proceeds as follow. The first section classifies the firm value drivers based on the related literature. The second part describes the economic crisis, introducing its financial aspects. The next section is the empirical part of the paper, I reveal the database used for my own study. The third part illustrates the panel regression model, the applied method of empirical analysis and the results of the research. Finally, the fourth section includes the concluding remarks. In this paper it is not my purpose to compare the earlier published and already existing research results with my own results.

Suggested Citation

  • Kiss Anita, 2017. "An Empirical Analysis Of The Effects Of The 2007-2008 Financial Crisis On Changes In The Value Creation Of Firms In Individual Industrial Sectors," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 405-412, July.
    • Handle: RePEc:ora:journl:v:1:y:2017:i:1:p:405-412
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    File URL: http://anale.steconomiceuoradea.ro/volume/2017/n1/39.pdf
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    References listed on IDEAS

    as
    1. Anita KISS, 2015. "Empirical Analysis Of The Role Of The Firms’ Value Drivers," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 6, pages 91-96, December.
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    1. Anita Kiss, 2017. "The Empirical Examination Of Changes Related To Value Drivers In The Effects Of The 2007-2008 Crisis," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 10(4-5), April.

    More about this item

    Keywords

    value creation; value chain; firm valuation; global financial crisis;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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