IDEAS home Printed from https://ideas.repec.org/p/uop/wpaper/0012.html
   My bibliography  Save this paper

Factors Affecting Firms’ Financial Performance: The Case of Greece

Author

Listed:
  • Panagiotis Liargovas
  • Konstantinos Skandalis

Abstract

The purpose of this paper is to empirically implement a comprehensive analytical framework of financial performance in the case of Greek industrial firms during the period 1997-2004. The paper examines the impact of key determinants of firms’ financial performance. We distinguish between financial and non financial drivers of firm performance. Our results show that leverage, export activity, location, size and the index for management competence significantly affect firm performance in Greece. Our results indicate that profitable firms in Greece are large, young, exporting firms with a competitive management team, which have an optimal debt-equity ratio and use their liquidity to finance their investments.

Suggested Citation

  • Panagiotis Liargovas & Konstantinos Skandalis, 2008. "Factors Affecting Firms’ Financial Performance: The Case of Greece," Working Papers 0012, University of Peloponnese, Department of Economics.
  • Handle: RePEc:uop:wpaper:0012
    as

    Download full text from publisher

    File URL: http://econ.uop.gr/~econ/RePEc/pdf/Liargovas_Skandalis.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. David O. Obuya, 2017. "Debt Financing Option and Financial Performance of Micro and Small Enterprises: A Critical Literature Review," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(3), pages 221-221, February.
    2. Monika Wieczorek-Kosmala & Joanna Błach & Iwona Gorzeń-Mitka, 2021. "Does Capital Structure Drive Profitability in the Energy Sector?," Energies, MDPI, vol. 14(16), pages 1-15, August.
    3. Al Shahrani Saad M & Al Shahrani Saad M, 2016. "The Impact of Organizational Factors on Financial Performance: Building a Theoretical Model," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 2(7), pages 51-56, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uop:wpaper:0012. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kleanthis Gatziolis (email available below). General contact details of provider: https://edirc.repec.org/data/depelgr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.