scholarly journals Advertising, Market Share, And Profitability In The Greek Consumer Industry

2011 ◽  
Vol 3 (9) ◽  
Author(s):  
Zoe Ventoura–Neokosmidi
Keyword(s):  
Cross Section ◽  
Market Share ◽  
Empirical Investigation ◽  
Explanatory Variable ◽  
Positive Impact ◽  
The Other ◽  
Firm Profitability ◽  
Fast Moving Consumer Goods ◽  
The Relationship ◽  
Section Analysis

An empirical investigation of the relationship between advertising to sales ratio, market share and firm profitability was carried out. Cross section analysis was used over 36 companies that produce fast moving consumer goods, for the year 2002. This paper finds that market share has a positive impact on firm profitability. In contrast to our expectation, the influence of market share is greater than that of advertising to sales ratio. To further examine the contribution of each explanatory variable after the other has been included in the model, the partial F?test was used. The obtained results verify the cross section analysis results.

scholarly journals Origins of Banks and Credit Supply in Ivory Coast

2020 ◽  
Vol 12 (5) ◽  
pp. 81
Author(s):  
Prao Yao Seraphin
Keyword(s):  
Panel Data ◽  
Ivory Coast ◽  
Inflation Rate ◽  
Positive Impact ◽  
Negative Influence ◽  
The Other ◽  
Foreign Banks ◽  
Credit Supply ◽  
Other Hand ◽  
The Relationship

This paper provides an empirical assessment of the relationship between banking origins and the supply of credit in Ivory Coast. The analysis focuses on 14 banks composed of local banks, African banks and foreign banks outside Africa. The study covers the period from 2000 to 2016. Using the panel data approach, we show that local banks positively influence the supply of credit unlike foreign and African banks. Foreign banks, on the other hand, have a negative influence on the supply of credit in Ivory Coast. In addition, the results highlight the positive impact of growth and market share on the supply of credit to the private sector. On the other hand, the size of banks and the inflation rate are unfavourable to the supply of credit in Ivory Coast. The study suggests that local banks should be strengthened so that they can provide more financing to the Ivorian economy.

The Trend in Firm Profitability and the Cross-Section of Stock Returns

2017 ◽  
Vol 92 (5) ◽  
pp. 1-32 ◽  
Author(s):  
Ferhat Akbas ◽  
Chao Jiang ◽  
Paul D. Koch
Keyword(s):  
Risk Factors ◽  
Stock Returns ◽  
Cross Section ◽  
The Other ◽  
Analyst Forecast ◽  
Forecast Errors ◽  
Earnings Surprise ◽  
Firm Profitability ◽  
Earnings Momentum ◽  
Jel Classifications

ABSTRACT This study shows that the recent trajectory of a firm's profits predicts future profitability and stock returns. The predictive information contained in the trend of profitability is not subsumed by the level of profitability, earnings momentum, or other well-known determinants of stock returns. The profit trend also predicts the earnings surprise one quarter later, and analyst forecast errors over the following 12 months, suggesting that sophisticated investors underreact to the information in the profit trend. On the other hand, we find no evidence of investor overreaction, and our results cannot be explained by well-known risk factors. JEL Classifications: G12; G14.

Exploring the Relationship Between Sponsorship Characteristics and Sponsorship Asking Price

2012 ◽  
Vol 26 (4) ◽  
pp. 335-349 ◽  
Author(s):  
Taryn Wishart ◽  
Seung Pil Lee ◽  
T. Bettina Cornwell
Keyword(s):  
Media Coverage ◽  
Empirical Investigation ◽  
Positive Impact ◽  
Negotiation Process ◽  
Price Setting ◽  
Price Negotiation ◽  
Property Price ◽  
Influential Variable ◽  
The Relationship

Price setting in the sponsorship of sport, charity, arts and entertainment is usually negotiated, and private, so we know little about what determines price. With a sample of publicly available sponsorship proposals, the relationship between sponsorship characteristics and price set by the property is examined. Media coverage and attendance levels are hypothesized to have a positive impact on property price, as are a host of on-site communications. Overall the most influential variable explaining the property’s asking price is media coverage. In contrast, on-site communications are not important in price setting. Interestingly, access to property offerings such as celebrities and venues has a significant positive impact on property price. While the empirical investigation is limited to the relationship between communication characteristics and asking price, the price negotiation process and property-based characteristics that lead to the final price are also discussed.

scholarly journals Productivity, Product Differentiation And Profitability In The Greek Chemical Industry: An Empirical Analysis, 1991 And 2001

2011 ◽  
Vol 4 (10) ◽  
Author(s):  
Eriotis Nikolaos ◽  
Poutos I. Evangelos ◽  
Vasiliou Dimitris ◽  
Ventura Neokismidi Zoe
Keyword(s):  
Production Process ◽  
Cross Section ◽  
Product Differentiation ◽  
Chemical Industry ◽  
Labour Productivity ◽  
Efficient Production ◽  
Data Set ◽  
The Relationship ◽  
Section Analysis

The purpose of this study is to investigate the relationship between the profitability of the firm and its R&D expenditures. We separate R&D expenditures in two main categories, R&D that focuses on the product differentiation and R&D that concerns improvements in production process. The latter leads to more efficient production, which can be measured by labour productivity. We estimate our model using cross section analysis and test the significance of each one of rhe R&D expenditures in firms profitability. Our model was applied to the Greek chemical industry, for a data set of 124 enterprises, in two distinct years, 1991 and 2001. Our findings support that the role of productivity is growing within time.

scholarly journals Which Types of Education are Important for Economic Growth?

2019 ◽  
Vol 11 (4) ◽  
pp. 1
Author(s):  
Yutaka Kurihara
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Positive Impact ◽  
Internet Usage ◽  
Quality Education ◽  
The Other ◽  
Educational Systems ◽  
High Quality ◽  
High Quality Education ◽  
The Relationship

The relationship between education and economic growth has been discussed on numerous occasions, and there is a consensus that education plays an important role toward economic growth. This paper empirically examines 55 countries’ panel data to determine which types of education are playing important roles for achieving economic growth. The results showed that the improvement of educational systems, finance skill, Internet usage, and English proficiency has a positive impact on economic growth. On the other hand, educational systems and Internet usage also shrink inequality in the economy. High quality education for students is important for attaining economic growth, and it would confer student’s chances and opportunities and promote sound economic growth.

scholarly journals Sectoral and Firm-Level Determinants of Profitability: A Multilevel Approach

2018 ◽  
Vol 6 (2) ◽  
pp. 32-44 ◽  
Author(s):  
Ivana Blažková
Keyword(s):  
Growth Rate ◽  
Market Share ◽  
Positive Impact ◽  
Market Concentration ◽  
Firm Level ◽  
Size Number ◽  
Firm Profitability ◽  
Negative Effect ◽  
Equity Ratio ◽  
Food And Drink

Abstract The paper aimed to contribute to the literature on the determinants of firm profitability, from the perspective of the Czech economy. We followed a multilevel/hierarchical approach towards the analysis of the sectoral and firm-level determinants of the profitability of companies operating in the Czech food processing industry during years 2005-2012 (622 Firms in 10 Sectors). We assessed an impact of industry (i.e. market concentration, sector growth rate and growth rate of imports) and firm-level characteristics (i.e. market share, firm age, firm size, number of employees, debt/equity ratio and short-term risk) on the return on assets (ROA). Surprisingly, there were no substantial differences between the separate models for industry and firm-level determinants and a combined one. We found a positive impact of market concentration and market share and a negative effect of age and risk-taking behaviour on a firm profitability. Based on these findings, managers in the Czech food and drink industry should pay more attention to the debt policy.

The state of the state – Economic property rights and firm profitability versus corruption. New evidence from the Czech Republic

2021 ◽  
Vol 71 (1) ◽  
pp. 117-136
Author(s):  
A.P. Malinowska
Keyword(s):  
Property Rights ◽  
Positive Impact ◽  
Institutional Development ◽  
The State ◽  
The Czech Republic ◽  
Government Action ◽  
Firm Profitability ◽  
The Subject ◽  
New Evidence ◽  
The Relationship

AbstractDespite significant advances in economic literature on the relationship between graft and economic growth, the consensus in nowhere in sight. The current paper enriches the extant literature on the subject by: 1) extending econometric techniques in an attempt to quantify and model institutional development; and 2) providing novel results on the dynamics between non-standardised and standardised institutional metrics. Utilising a new dataset compiled for 423 publicly quoted Czech, non-financial companies with macroeconomic and institutional metrics, we fashion a dynamic model approximating the interactions between the country's institutional development and firm profits as well as examining the relationship between the Czech corruption and the national institutional framework in the years of 2007–2016. The economic property rights appear to contribute to firm accounting profits- and cash flow-based profitability metrics. As regards the anti-corruption policies, the study's outcomes indicate that improvement in economic property rights could have propelled the positive impact of lax anti-corruption government action and inefficient judiciary on firm profits.

scholarly journals Can Marketing Resources Contribute to Company Performance?

Organizacija ◽  
2008 ◽  
Vol 41 (1) ◽  
pp. 3-13 ◽  
Author(s):  
Borut Milfelner ◽  
Vladimir Gabrijan ◽  
Boris Snoj
Keyword(s):  
Financial Performance ◽  
Market Orientation ◽  
Market Share ◽  
Customer Loyalty ◽  
Positive Impact ◽  
The Other ◽  
Sales Volume ◽  
Company Performance ◽  
Marketing Resources ◽  
The Impact

Can Marketing Resources Contribute to Company Performance?This study investigates the relationships between market orientation, innovation resources, reputational resources, customer related capabilities and distribution-based assets, as well as their impact on both market and financial performance. The results indicate that market orientation is indirectly related to a company's market and financial performance through the four other marketing resources. Reputational resources have a positive impact on loyalty, market share and sales volume, while the impact of innovation resources on the market share and sales volume is more indirect and through customer loyalty. While customer-related capabilities significantly impact customer loyalty, their impact on the market share and sales volume can not be confirmed. On the other hand, the distribution-based assets are only weakly related to loyalty, the market share and the sales volume. The general findings indicate that selected marketing resources impact financial performance indirectly through the creation of customer loyalty and directly through the market share and sales volume.

scholarly journals SECTORAL AND FIRM-LEVEL DETERMINANTS OF PROFITABILITY: A MULTILEVEL APPROACH

2018 ◽  
Vol 6 (2) ◽  
Author(s):  
Ivana Blažková ◽  
Ondřej Dvouletý
Keyword(s):  
Growth Rate ◽  
Market Share ◽  
Positive Impact ◽  
Market Concentration ◽  
Firm Level ◽  
Size Number ◽  
Firm Profitability ◽  
Negative Effect ◽  
Equity Ratio ◽  
Food And Drink

The paper aimed to contribute to the literature on the determinants of firm profitability, from the perspective of the Czech economy. We followed a multilevel/hierarchical approach towards the analysis of the sectoral and firm-level determinants of the profitability of companies operating in the Czech food processing industry during years 2005-2012 (622 Firms in 10 Sectors). We assessed an impact of industry (i.e. market concentration, sector growth rate and growth rate of imports) and firm-level characteristics (i.e. market share, firm age, firm size, number of employees, debt/equity ratio and short-term risk) on the return on assets (ROA). Surprisingly, there were no substantial differences between the separate models for industry and firm-level determinants and a combined one. We found a positive impact of market concentration and market share and a negative effect of age and risk-taking behaviour on a firm profitability. Based on these findings, managers in the Czech food and drink industry should pay more attention to the debt policy.

scholarly journals Note on the selectivity of meshes used by the Santos fishing fleet

1962 ◽  
Vol 12 (1) ◽  
pp. 33-52 ◽  
Author(s):  
I. D. Richardson ◽  
E. P. dos Santos
Keyword(s):  
Normal Form ◽  
Cross Section ◽  
Circular Cross Section ◽  
The Other ◽  
Fishing Fleet ◽  
Fish Market ◽  
The Difference ◽  
The One ◽  
Marketable Size ◽  
The Relationship

In this paper the relationship between total length and girth (circumference) of seven species: "Corvina" (Micropogon furnieri), "Pescada-foguete" (Macrodon ancylodori), "Goete" (Cynoscion petranus), "Tortinha" (Isopisthus parvipinnis), "Cangaua" (Bairdiella ronchus), "Maria Luisa" ("Paralonchurus brasiliensis), and "Oveva" (Larimus breviceps), are expressed in the form of fitted regressions. Theoretical selection lengths assuming, at the one extreme, the mesh to be completely flexible, and at the other extreme to be rigid with axes of 2:3 are calculated. The fish is assumed to be able to adopt a circular cross section. If the fish is not circular but retains its normal form, the difference in the selection length is shown to be little different. The Brazilian commercial boats fishing from Santos are shown to use a mesh which has a very low selection point well below the size of fish which are acceptable on the fish market. The Japanese boats use a much larger mesh, which select fish of marketable size.

Sign in / Sign up

Export Citation Format

Share Document