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Profitability of foodstuff processing companies in V4 countries during the 2008-2012 economic crisis

Author

Listed:
  • Jan Vavřina

    (Department of Business Economics, Mendel University in Brno, Czech Republic)

  • Lubor Lacina

    (Department of Finance, Mendel University in Brno, Czech Republic)

Abstract

Food processing companies in the members of the Visegrad Group have had similar conditions to sustain and develop their business activities since entering the single European market in 2004. It is necessary above all to stress the levelling instruments of the Common Agricultural Policy within the context of negative external impacts, which diminish in relation to the economic status of businesses, specifically SMEs. The objective of this paper is to identify similarities and differences in the profitability of foodstuff producers from the Visegrad countries during the global economic crisis between 2008 and 2012. The paper uses financial and non-financial factors and employs a multiple correspondence analysis approach. Corporate financial data for the companies was sourced from the Amadeus of Bureau van Dijk database for 2008-2012. Non-financial factors within the sample of business entities include economic size and residence. The findings reveal similarities in corporate profitability among observed countries of residence and other distinctive factors.

Suggested Citation

  • Jan Vavřina & Lubor Lacina, 2018. "Profitability of foodstuff processing companies in V4 countries during the 2008-2012 economic crisis," Society and Economy, Akadémiai Kiadó, Hungary, vol. 40(2), pages 245-270, June.
    • Handle: RePEc:aka:soceco:v:40:y:2018:i:2:p:245-270
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    Cited by:

    1. Demetrius Papathanasiou & Prodromos Prodromidis & Athanasia Zovoili, 2020. "Business Size, Numbers, Production Value and Productivity Trends in Manufacture and Mining-Quarrying across the EU, 2008-2017," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 82-106.

    More about this item

    Keywords

    food processing businesses; profitability of capital; small and medium-sized companies; world economic crisis;
    All these keywords.

    JEL classification:

    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • C55 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Large Data Sets: Modeling and Analysis

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