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Globalization and financial performances in French cosmetic industry

Listed author(s):
  • Mihai Mutascu

    ()

    (LEO - Laboratoire d'économie d'Orleans - UO - Université d'Orléans - CNRS - Centre National de la Recherche Scientifique)

  • Aurora Murgea

    ()

    (Faculty of Economics and Business Administration - West University of Timisoara)

Registered author(s):

    The paper analyses the impact of globalization on financial performances of the French cosmetic companies, based on a sample with 704 cosmetic business entities, for the period 2003-2015. The main finding shows that the openness has a positive linear impact on their financial performances, both for producers and distributors. Moreover, the producers are more sensitive to the regulation adjustments, while the investments and debt management are very important for distribution companies. Contrary to other sectors, the economic crisis does not generate notable disturbances on the cosmetic market, as this market exhibits a sort of rigidity in respect to the purchasing power.

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    File URL: https://halshs.archives-ouvertes.fr/halshs-01504099/document
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    Paper provided by HAL in its series Working Papers with number halshs-01504099.

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    Date of creation: 07 Apr 2017
    Handle: RePEc:hal:wpaper:halshs-01504099
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-01504099
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