Development of financial performance of food retailers as an attribute behind the increase of food insecurity in selected Central and Eastern European Countries

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43924625" target="_blank" >RIV/62156489:43110/23:43924625 - isvavai.cz</a>

Alternative codes found

RIV/02819180:_____/23:#0000175

Result on the web

<a href="http://dx.doi.org/10.21511/imfi.20(4).2023.33" target="_blank" >http://dx.doi.org/10.21511/imfi.20(4).2023.33</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.21511/imfi.20(4).2023.33" target="_blank" >10.21511/imfi.20(4).2023.33</a>

Result language

angličtina

Original language name

Development of financial performance of food retailers as an attribute behind the increase of food insecurity in selected Central and Eastern European Countries

Original language description

Food insecurity is not a new phenomenon even in leading European economies, but this complex problem area is facing new global challenges. This article traces the research gap in addressing food insecurity by focusing on the role of food retail chains in the former &quot;Eastern Bloc&quot;in light of unprecedented food price inflation and the resulting scale of demand for the services of food banks. Through empirical analysis of secondary financial corporate data, a low level of their profitability in the period of 2011-2019 was revealed, which preceded the synchronicity of two unexpected global economic downturns. Specifically, Return on Sales for food retailers located in the Czech Republic and Hungary was generally below 2%, offset by higher Total Asset Turnover figures, consistent with the need to extend the volume of goods for sale. Development in profitability in selected newer EU member states is just as significantly similar to the situation in Ukraine. The mutual interaction of factors of economic size and the country of residence of business was analyzed regarding a possible influence on their financial performance. This study concluded that the presence of unresolved market distortions can both lead to increased food insecurity and, paradoxically, contribute to increased food waste.

Czech name

—

Czech description

—

Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

—

OECD FORD branch

50204 - Business and management

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Investment Management and Financial Innovations

ISSN

1810-4967

e-ISSN

1812-9358

Volume of the periodical

20

Issue of the periodical within the volume

4

Country of publishing house

UA - UKRAINE

Number of pages

19

Pages from-to

415-433

UT code for WoS article

—

EID of the result in the Scopus database

2-s2.0-85180523850