The causes of firm performance variation in the Czech food processing industry in the context of the outlier effect
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F18%3A43914476" target="_blank" >RIV/62156489:43310/18:43914476 - isvavai.cz</a>
Alternative codes found
RIV/61384399:31130/18:00052210
Result on the web
<a href="https://doi.org/10.1108/MRR-05-2017-0142" target="_blank" >https://doi.org/10.1108/MRR-05-2017-0142</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1108/MRR-05-2017-0142" target="_blank" >10.1108/MRR-05-2017-0142</a>
Alternative languages
Result language
angličtina
Original language name
The causes of firm performance variation in the Czech food processing industry in the context of the outlier effect
Original language description
Purpose: The purpose of this paper is to analyse to what extent industry, year and firm effects influence the profitability of the firms operating in the Czech food processing industry. The authors' interest is also to investigate whether the profitability of a few firms (regarded as outliers) is able to influence the relative importance of year, firm and industry effects and to find out the relative importance of these effects for the majority of the firms. Design/methodology/approach: The effects are tested using the fixed effects regression models on the unbalanced panel dataset which consists of 10,509 observations for 1,804 enterprises across the ten food sectors over the period 2003-2014. To ensure the consistency of the results, the authors use the three different measures of profitability: return on assets, return on equity and price-cost margin. Findings: The results suggest that, on average, industry and year effects have little impact on firm profitability variance, and firm-specific effects dominate when seeking to explain firm profitability variance. To the best of the authors' knowledge, the obtained results are supported by most of the previously published studies. Practical implications: Based on the findings, the authors encourage future researchers to add, as explanatory factors, governmental policies and to test their impact on firm profitability. Originality/value: The study helps to fill in the research gap in the field of agribusiness, as, to the best of the authors' knowledge, no study has been conducted yet in the Czech agribusiness environment. Considering the approach distinguishing the "average" and dominant firms in the sectors, they aim at a methodological contribution to this field of research dealing with firm profitability variation.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Management Research Review
ISSN
2040-8269
e-ISSN
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Volume of the periodical
41
Issue of the periodical within the volume
8
Country of publishing house
GB - UNITED KINGDOM
Number of pages
19
Pages from-to
968-986
UT code for WoS article
000439568000004
EID of the result in the Scopus database
2-s2.0-85044767876