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

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/02819180:_____/23:#0000175

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

Investment Management and Financial Innovations

ISSN

1810-4967

e-ISSN

1812-9358

Svazek periodika

20

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

UA - Ukrajina

Počet stran výsledku

19

Strana od-do

415-433

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85180523850