An event study approach to assessing the effect of the financial crisis on European companies

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86082945" target="_blank" >RIV/61989100:27510/13:86082945 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
An event study approach to assessing the effect of the financial crisis on European companies
Original language description
The aim of this paper is to examine the impact of recent financial crisis on the average financial performance of selected companies from the European Union. In this study, five financial ratios of industrial companies from twenty one countries over theperiod 2005-2009 will be investigated. This paper provides an application of event study approach that can be used when examining the impact of an event on a selected indicator. In this study, the event is the financial crisis. The analysis was focused on the following five indicators: return on equity, and return on assets, current ratio, profit margin and interest coverage ratio. Both parametric and non-parametric tests confirm that there is a large deterioration in profitability and liquidity ratiosof European industrial companies as a consequence of financial and economic crisis. The results document that the financial crisis significantly influenced the performance of companies; however there are obvious differences among individu
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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