IDEAS home Printed from https://ideas.repec.org/a/ids/injmfa/v14y2022i2p184-196.html
   My bibliography  Save this article

Improve the financial management practices in goat farms with the study of financial ratios. The case of Greece

Author

Listed:
  • Maria Tsiouni
  • Dimitrios Gourdouvelis
  • Stamatis Aggelopoulos
  • Dario Siggia

Abstract

In recent years, the goat sector in Greece has been transformed in business ranking. The sustainability of the sector can be ensured through financial analysis. The application of financial ratios can provide information about the assessment and improvement of farms' economic sustainability and efficiency. The purpose of this study is the calculation of the average financial ratios in goat farms, in the regional unit of Thessaloniki, Greece, according to their size and to provide solutions for financial management according to credit ratings and the risk of business failure. According to the results, big enterprises have higher profitability, higher efficiency, higher liquidity, and higher solvency. For the maximisation of financial performance is essential for goat farms to increase the number of animals, to achieve economies of scale. There is a positive correlation between herd size and efficiency, and farms could gain by adjusting their herd size to an optimal level.

Suggested Citation

  • Maria Tsiouni & Dimitrios Gourdouvelis & Stamatis Aggelopoulos & Dario Siggia, 2022. "Improve the financial management practices in goat farms with the study of financial ratios. The case of Greece," International Journal of Managerial and Financial Accounting, Inderscience Enterprises Ltd, vol. 14(2), pages 184-196.
    • Handle: RePEc:ids:injmfa:v:14:y:2022:i:2:p:184-196
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=122225
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Mattia Iotti & Giuseppe Bonazzi, 2023. "Financial Sustainability in Agri-Food Companies: The Case of Members of the PDO Parma Ham Consortium," Sustainability, MDPI, vol. 15(5), pages 1-31, February.

    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:ids:injmfa:v:14:y:2022:i:2:p:184-196. 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=252 .

    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.