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Determining Some Factors of the Financial Situation in the European Union Publishing Sector

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  • Sanz José Ángel

    () (Universidad de Valladolid, Facultad de Comercio, Departamento de Economía Financiera y Contabilidad, Plaza del Campus Universitario, 1, 47011Valladolid, Spain)

  • Bedate Ana María

    () (Universidad de Valladolid, Facultad de Comercio, Departamento de Economía Financiera y Contabilidad, Plaza del Campus Universitario, 1, 47011Valladolid, Spain)

  • Durántez Mariano

    () (Universidad de Valladolid, Facultad de Comercio, Departamento de Economía Financiera y Contabilidad, Plaza del Campus Universitario, 1, 47011Valladolid, Spain)

Abstract

The publishing sector is probably a cultural industry with one of the greatest economic projections due to its huge turnover and contribution to the Gross Domestic Product of countries. In order to gain a better understanding of this sector, this paper examines a sample of the most important companies belonging to this sector in the European Union, focusing on studying their economic-financial profile. In order to achieve this, multivariate statistical techniques are used to create indicators on the evolution of the main variables and financial ratios of these companies over recent years. The specific objectives are: to summarise the information in a smaller number of factors, which in turn enable us to construct a robust and reliable synthetic indicator; and investigate the relationship between the constructed index and different variables such as company age, size and localisation. The changes experienced in this sector are reflected in the obtained results and provide a richer understanding of cultural industries.

Suggested Citation

  • Sanz José Ángel & Bedate Ana María & Durántez Mariano, 2018. "Determining Some Factors of the Financial Situation in the European Union Publishing Sector," Review of Economic Perspectives, Sciendo, vol. 18(1), pages 25-43, March.
  • Handle: RePEc:vrs:reoecp:v:18:y:2018:i:1:p:25-43:n:2
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    More about this item

    Keywords

    Financial Ranking; Financial Ratios; Publishing Sector; Synthetic Indicator;

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • G00 - Financial Economics - - General - - - General
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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