Heterogeneity in financial performance caused by the COVID-19 pandemic: Food producers in Czechia

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F23%3A10254318" target="_blank" >RIV/61989100:27510/23:10254318 - isvavai.cz</a>

Výsledek na webu

<a href="https://dokumenty.vsb.cz/docs/files/cs/41783916-8130-4c47-8069-94c7de61add6" target="_blank" >https://dokumenty.vsb.cz/docs/files/cs/41783916-8130-4c47-8069-94c7de61add6</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Heterogeneity in financial performance caused by the COVID-19 pandemic: Food producers in Czechia

Popis výsledku v původním jazyce

This paper focuses on the heterogeneous impacts of COVID-19 on financial performance among middle-sized food product manufacturers in Czechia in dependence on ownership concentration. In particular, this work aims to estimate differences in these pandemic impacts among Czech companies with a major owner. The DuPont framework has partially revealed significant relations of return on assets depending on the return on sales, both reflecting earnings before interest and taxes. Neither is the only novelty in the use of heterogeneous difference-in-differences with cohorts of companies developed by Wooldridge (2021); however, 2018-2022 annual financial data from the Bureau van Dijk Orbis database for 480 companies have also been merged with epidemiological data, particularly the average morbidity per 10,000 inhabitants within NUTS-3 regions based on the open source database from the Nature journal (Naqvi, 2021). The tests revealed a significant difference between middle-sized companies with high ownership concentration and the rest of the market.

Název v anglickém jazyce

Heterogeneity in financial performance caused by the COVID-19 pandemic: Food producers in Czechia

Popis výsledku anglicky

This paper focuses on the heterogeneous impacts of COVID-19 on financial performance among middle-sized food product manufacturers in Czechia in dependence on ownership concentration. In particular, this work aims to estimate differences in these pandemic impacts among Czech companies with a major owner. The DuPont framework has partially revealed significant relations of return on assets depending on the return on sales, both reflecting earnings before interest and taxes. Neither is the only novelty in the use of heterogeneous difference-in-differences with cohorts of companies developed by Wooldridge (2021); however, 2018-2022 annual financial data from the Bureau van Dijk Orbis database for 480 companies have also been merged with epidemiological data, particularly the average morbidity per 10,000 inhabitants within NUTS-3 regions based on the open source database from the Nature journal (Naqvi, 2021). The tests revealed a significant difference between middle-sized companies with high ownership concentration and the rest of the market.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

Ekonomická revue - Central European Review of Economics Issues

ISSN

1212-3951

e-ISSN

1805-9481

Svazek periodika

26

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

12

Strana od-do

63-74

Kód UT WoS článku

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EID výsledku v databázi Scopus

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