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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2013

Kód důvěrnosti údajů

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

Název periodika

ECON

ISSN

1803-3865

e-ISSN

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Svazek periodika

23

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

16

Strana od-do

91-106

Kód UT WoS článku

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EID výsledku v databázi Scopus

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