scholarly journals A Comparison of the Financial Characteristics of U.S. and European Manufacturing Firms

2016 ◽  
Vol 11 (2) ◽  
pp. 58-67
Author(s):  
Gulser Meric ◽  
T. Jerome Bentley ◽  
W. Charles McCall ◽  
Ilhan Meric
Keyword(s):  
Multivariate Analysis ◽  
Analysis Of Variance ◽  
Growth Rates ◽  
Manufacturing Firms ◽  
Research Topic ◽  
Financial Ratios ◽  
Multivariate Analysis Of Variance ◽  
Accounts Receivable ◽  
Fixed Assets ◽  
Financial Characteristics

Abstract Comparing the financial characteristics of firms in different countries and regions has been a popular research topic in finance. In this paper, we compare the financial characteristics of U.S. and European manufacturing firms with the MANOVA (Multivariate Analysis of Variance) method and financial ratios. Our findings indicate that the overall financial characteristics of U.S. and European manufacturing firms are significantly different. We find that U.S. manufacturing firms are more profitable and they have less liquidity and bankruptcy risks compared with European manufacturing firms. European manufacturing firms are more efficient in managing their fixed assets. However, U.S. manufacturing firms are more efficient in managing their accounts receivable and total assets. U.S. manufacturing firms are able to achieve significantly higher sales and total assets growth rates compared with European manufacturing firms.

scholarly journals A Comparison of the Financial Characteristics of NAFTA and Latin American Manufacturing Firms

2017 ◽  
Vol 6 (2) ◽  
pp. 22-29
Author(s):  
Gulser Meric ◽  
Cengiz Haksever ◽  
J. Drew Procaccino ◽  
Ilhan Meric
Keyword(s):  
Multivariate Analysis ◽  
Inventory Management ◽  
Analysis Of Variance ◽  
Latin American ◽  
Financial Risk ◽  
Liquidity Risk ◽  
Manufacturing Firms ◽  
Research Topic ◽  
Accounts Receivable ◽  
Financial Characteristics

Comparing the financial characteristics of firms in different countries and different regions has been a popular research topic in finance. However, NAFTA and Latin American manufacturing firms have never been compared. In this paper, we undertake such a study with the MANOVA (Multivariate Analysis of Variance) method and with data drawn from the Research Insight/Global Vintage database in October 2015. Our findings indicate that NAFTA manufacturing firms have less liquidity risk, but more financial risk, compared with Latin American Manufacturing firms. NAFTA manufacturing firms have significantly higher returns on equity due to achieving higher returns on assets and using more financial leverage. Latin American manufacturing firms have more efficient inventory management. However, NAFTA manufacturing firms have more efficient accounts receivable management and total assets management.

A Comparison of the Financial Characteristics of U.S., U.K., German, and French Manufacturing Firms

2005 ◽  
Vol 6 (1) ◽  
pp. 67-80
Author(s):  
Ilhan Meric ◽  
Larry Prober ◽  
Joe Kim ◽  
Gulser Meric
Keyword(s):  
Multivariate Analysis ◽  
Analysis Of Variance ◽  
Manufacturing Firms ◽  
Manufacturing Industries ◽  
Multivariate Analysis Of Variance ◽  
Volatility Risk ◽  
Return On Equity ◽  
Variance Method ◽  
Financial Characteristics

This article compares the financial characteristics of U.S. firms with the financial characteristics of U.K., German, and French firms in four major manufacturing industries by using the MANOVA (Multivariate Analysis of Variance) method with data for the January 1997-December 2001 period. The findings indicate that the financial characteristics of U.S. and European manufacturing firms are significantly different. The most significant differences are between U.S. firms and German firms. U.S. firms are generally more profitable and they have lower return-on-equity volatility risk in comparison with European firms.

scholarly journals Evaluating the Stability of the Financial Ratios of Jordanian Industrial Companies

2015 ◽  
Vol 1 (1) ◽  
pp. 315
Author(s):  
Ghaleb Abu Rumman ◽  
Imad Kutum
Keyword(s):  
Multivariate Analysis ◽  
Analysis Of Variance ◽  
Cash Flow ◽  
Significant Interaction ◽  
Financial Information ◽  
Financial Ratios ◽  
Multivariate Analysis Of Variance ◽  
Industrial Companies ◽  
The Stability ◽  
Over Time

The purpose of the study was to identify if the financial ratios of Jordanian industrial companies remained stable across sector and over time. The study used six financial ratios from fifty-six companies across six sectors with financial information from 2010 to 2014. A two way multivariate analysis of variance was performed to identify the stability of the ratios across the sectors and over the time. The results of the study showed that the financial ratios which showed some difference across sector were EBITTA (Earnings before Interest and Tax), CAT (Current Assets Turnover) and CFTA (Cash Flow to Total Assets). There were no differences observed between the financial ratios over time. The interaction of Time and Sector revealed no significant interaction effects. This suggests that as a whole, the financial ratios remained stable over time and sectors over the sectors and period chosen for the study.

scholarly journals COMPARISON OF ISLAMIC BANKS PERFORMANCE AND CONVENTIONAL BANKS PERFORMANCE IN MUSLIM-MAJORITY PROVINCES AND NON-MUSLIM MAJORITY PROVINCES

2020 ◽  
Vol 11 (2) ◽  
Author(s):  
Eko Fajar Cahyono ◽  
M. Fariz Fadillah Mardianto ◽  
Tika Widiastuti
Keyword(s):  
Multivariate Analysis ◽  
Analysis Of Variance ◽  
Financial Ratios ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Multivariate Analysis Of Variance ◽  
Muslim Population ◽  
Muslim Majority ◽  
Conventional Banks ◽  
Conventional Bank

This study aims to look a universality services Islāmic banking and conventional bank services and products in Indonesia by testing whether the services and products of conventional Islāmic banks and conventional banks accepted by all groups, both Muslims and non-Muslims. The method used was the Multivariate Analysis of Variance (MANOVA) test by comparing Islāmic banks performance and conventional banks performance represented by several financial ratios in a number of provinces in Indonesia. There are two provincial categories, namely the first group is a provincial province with a most Muslim population and the second is a class of provincial provinces with a most non-Muslim population in Indonesia.

Selflessness in Anorexia Nervosa as Reflected in the Rorschach Comprehensive System

2012 ◽  
Vol 33 (1) ◽  
pp. 78-93 ◽  
Author(s):  
Gili Curiel-Levy ◽  
Laura Canetti ◽  
Esti Galili-Weisstub ◽  
Myrna Milun ◽  
Eitan Gur ◽  
...  
Keyword(s):  
Multivariate Analysis ◽  
Anorexia Nervosa ◽  
Analysis Of Variance ◽  
Clinical Observation ◽  
Comparison Group ◽  
Comprehensive System ◽  
Multivariate Analysis Of Variance ◽  
Rorschach Comprehensive System ◽  
Group A

This study examines the expression of selflessness – the tendency to ignore one’s own needs and serve others’ needs – in Rorschach protocols of women suffering from anorexia nervosa. The protocols of 35 women suffering from anorexia nervosa were compared to 30 protocols of a psychiatric comparison group. A multivariate analysis of variance over five variables (AG, PER, PHR, COP, and GHR) was significant: Anorexic patients showed higher characteristics of selflessness compared to the psychiatric comparison group. These findings contribute to the validation of the Rorschach technique and to the clinical observation of selflessness in anorexic patients, and they emphasize specific characteristics in the treatment of anorexia nervosa patients.

A Controlled Study of Sensation Awareness and Verbal Disclosure for Regulation of Arousal and Anxiety

1992 ◽  
Vol 74 (1) ◽  
pp. 307-320 ◽  
Author(s):  
Stephen R. Scholle
Keyword(s):  
Multivariate Analysis ◽  
Analysis Of Variance ◽  
State Anxiety ◽  
Significant Interaction ◽  
Controlled Study ◽  
Multivariate Analysis Of Variance ◽  
Directed Attention ◽  
Self Talk ◽  
Anxiety Levels

Interactions of attention and verbalization were investigated for effects of self-reported arousal and state-anxiety. Levels of verbalization from silence through talking-without-a-listener to disclosure were compared while self-directed attention was manipulated for sensation versus general thoughts and feelings. Following a stimulus, disclosure of sensations was expected to reduce state anxiety and increase energetic arousal significantly more than disclosure of thoughts. Based on a randomly assigned sample of 120 men, a 3 × 2 × 2 multivariate analysis of variance indicated a significant interaction in the predicted directions. A significant interaction was also found for the 3 × 2 interaction for energetic arousal. For state anxiety means were in the predicted direction. Results indicate that verbalization of sensations is more energizing and calming than silence, while for general thought, silence is more energizing and calming than verbalization. The results suggest efficacy in reframing self-talk to quiet awareness and in communicating sensed distinctions as they emerge.

Extended linear hypotheses and simultaneous tests in multivariate analysis of variance

Biometrika ◽  
1974 ◽  
Vol 61 (3) ◽  
pp. 467-477 ◽  
Author(s):  
G. S. MUDHOLKAR ◽  
M. L. DAVIDSON ◽  
P. SUBBAIAH
Keyword(s):  
Multivariate Analysis ◽  
Analysis Of Variance ◽  
Multivariate Analysis Of Variance

Investigation of Variation in Fatigue Life Calculated Using Damage Fraction

1990 ◽  
Vol 35 (2) ◽  
pp. 35-41
Author(s):  
Clifford T. Gunsallus ◽  
Edward Nagy ◽  
Patrick G. Stennett ◽  
William G. Flannelly
Keyword(s):  
Multivariate Analysis ◽  
Fatigue Life ◽  
Analysis Of Variance ◽  
Multivariate Analysis Of Variance ◽  
Curve Reduction

This paper identifies the leading causes for large variations in the calculated fatigue lives of the hypothetical pitch link experiment of the American Helicopter Society, conducted in cooperation with all U.S. manufacturers of military helicopters. Multivariate Analysis of Variance (MANOVA) is used to show that approximately 85 percent of the variations can be attributed to only two of the five analytical steps involved and the interactions between them. These steps are the method of cycle counting and the amount of S/N curve reduction.

Relationship of Curriculum Area and Course Format with Student Ratings of Instruction

1978 ◽  
Vol 15 (4) ◽  
pp. 483-487 ◽  
Author(s):  
Isaac I. Bejar ◽  
Kenneth O. Doyle
Keyword(s):  
Multivariate Analysis ◽  
Analysis Of Variance ◽  
Significant Relationship ◽  
Student Ratings ◽  
Multivariate Analysis Of Variance ◽  
Student Ratings Of Instruction ◽  
Course Format ◽  
Curriculum Area ◽  
Relationship Of

Multivariate analysis of variance revealed a significant relationship between student ratings and curriculum area but not between ratings and course format. The technical and practical ramifications of these findings are discussed.

Bird distributional patterns support biogeographical histories and are associated with bioclimatic units in the Atlantic Forest, Brazil

Zootaxa ◽  
2017 ◽  
Vol 4337 (2) ◽  
pp. 223 ◽  
Author(s):  
CRISTIANO DE SANTANA CARVALHO ◽  
NAYLA FÁBIA FERREIRA DO NASCIMENTO ◽  
HELDER F. P. DE ARAUJO
Keyword(s):  
Multivariate Analysis ◽  
Atlantic Forest ◽  
Analysis Of Variance ◽  
Forest Birds ◽  
Distributional Pattern ◽  
Parsimony Analysis ◽  
Multivariate Analysis Of Variance ◽  
Distributional Patterns ◽  
Parsimony Analysis Of Endemicity

Rivers as barriers to dispersal and past forest refugia are two of the hypotheses proposed to explain the patterns of biodiversity in the Atlantic Forest. It has recently been shown that possible past refugia correspond to bioclimatically different regions, so we tested whether patterns of shared distribution of bird taxa in the Atlantic Forest are 1) limited by the Doce and São Francisco rivers or 2) associated with the bioclimatically different southern and northeastern regions. We catalogued lists of forest birds from 45 locations, 36 in the Atlantic forest and nine in Amazon, and used parsimony analysis of endemicity to identify groups of shared taxa. We also compared differences between these groups by permutational multivariate analysis of variance and identified the species that best supported the resulting groups. The results showed that the distribution of forest birds is divided into two main regions in the Atlantic Forest, the first with more southern localities and the second with northeastern localities. This distributional pattern is not delimited by riverbanks, but it may be associated with bioclimatic units, surrogated by altitude, that maintain current environmental differences between two main regions on Atlantic Forest and may be related to phylogenetic histories of taxa supporting the two groups. 

Sign in / Sign up

Export Citation Format

Share Document