IDEAS home Printed from https://ideas.repec.org/a/wfo/monber/y2012i7p571-580.html
   My bibliography  Save this article

Leichter Anstieg der Ertragskraft der Sachgütererzeugung erwartet. Cash-Flow, EGT und Eigenkapital in Österreich

Author

Listed:
  • Klaus S. Friesenbichler
  • Werner Hölzl

Abstract

Die Cash-Flow-Quote, ein wichtiger Indikator für die Selbstfinanzierungskraft eines Unternehmens, dürfte in der österreichischen Sachgütererzeugung im Jahr 2011 auf 11,8% gestiegen sein. Sie entspricht damit dem langjährigen Durchschnitt der Ertragskraft. Diese Entwicklung korrespondiert mit der Erholung der Wertschöpfung in der Sachgütererzeugung auf das Niveau vor der Krise. Die Cash-Flow-Quote lag 2011 über dem Durchschnitt der acht untersuchten EU-Länder von 10,9% und leicht über dem langjährigen Durchschnitt von 11,7%. Trotz einer Steigerung auf 39,6% war die Eigenkapitalquote etwas niedriger als im Durchschnitt der europäischen Vergleichsländer (41,8%).

Suggested Citation

  • Klaus S. Friesenbichler & Werner Hölzl, 2012. "Leichter Anstieg der Ertragskraft der Sachgütererzeugung erwartet. Cash-Flow, EGT und Eigenkapital in Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 85(7), pages 571-580, July.
    • Handle: RePEc:wfo:monber:y:2012:i:7:p:571-580
    Note: With English abstract.
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/44743
    File Function: abstract
    Download Restriction: Payment required
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Martin Falk & Andrea Kunnert & Gerhard Schwarz, 2012. "Investitionen der Sachgütererzeugung steigen auch 2012 – Bauunternehmen investieren weiterhin kräftig. Ergebnisse des WIFO-Investitionstests vom Herbst 2011," WIFO Monatsberichte (monthly reports), WIFO, vol. 85(1), pages 63-76, January.
    2. Kiviet, Jan F., 1995. "On bias, inconsistency, and efficiency of various estimators in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 68(1), pages 53-78, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eicher, Theo S. & Schreiber, Till, 2010. "Structural policies and growth: Time series evidence from a natural experiment," Journal of Development Economics, Elsevier, vol. 91(1), pages 169-179, January.
    2. Baglan, Deniz & Yoldas, Emre, 2014. "Non-linearity in the inflation–growth relationship in developing economies: Evidence from a semiparametric panel model," Economics Letters, Elsevier, vol. 125(1), pages 93-96.
    3. Simplice Asongu & Nicholas M. Odhiambo, 2020. "Financial access, governance and insurance sector development in sub-Saharan Africa," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 47(4), pages 849-875, February.
    4. Serge Coulombe, 2008. "Employment Adjustments in High-Trade-Exposed Manufacturing in Canada," Working Papers 0803E, University of Ottawa, Department of Economics.
    5. Kappeler, Andreas & Solé-Ollé, Albert & Stephan, Andreas & Välilä, Timo, 2013. "Does fiscal decentralization foster regional investment in productive infrastructure?," European Journal of Political Economy, Elsevier, vol. 31(C), pages 15-25.
    6. Emna Trabelsi, 2016. "Transparency on inflation of OECD countries? An Application of LSDVC Estimator on a dynamic Panel Model," Economics Bulletin, AccessEcon, vol. 36(2), pages 1095-1126.
    7. Guidi, Francesco, 2021. "Concentration, competition and financial stability in the South-East Europe banking context," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 639-670.
    8. Christoph S. Weber, 2018. "Central bank transparency and inflation (volatility) – new evidence," International Economics and Economic Policy, Springer, vol. 15(1), pages 21-67, January.
    9. Surenderrao Komera & P. J. Jijo Lukose, 2016. "Heterogeneity and Asymmetry in Speed of Leverage Adjustment: The Indian Experience," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 19(03), pages 1-26, September.
    10. Samargandi, Nahla & Fidrmuc, Jan & Ghosh, Sugata, 2015. "Is the Relationship Between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle-Income Countries," World Development, Elsevier, vol. 68(C), pages 66-81.
    11. Hansj?rg Bl?chliger & Bal?zs ?gert, 2017. "Intergovernmental Transfers: Are they pro- or counter-cyclical?," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2017(3), pages 5-20.
    12. Luca Agnello & Ricardo M. Sousa, 2009. "The Determinants of Public Deficit Volatility," NIPE Working Papers 11/2009, NIPE - Universidade do Minho.
    13. Nicolli, Francesco & Vona, Francesco, 2012. "The Evolution of Renewable Energy Policy in OECD Countries: Aggregate Indicators and Determinants," Climate Change and Sustainable Development 130897, Fondazione Eni Enrico Mattei (FEEM).
    14. Giovanni S F Bruno & Enrico Marelli & Marcello Signorelli, 2014. "The Rise of NEET and Youth Unemployment in EU Regions after the Crisis," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 56(4), pages 592-615, December.
    15. Abonazel, Mohamed R., 2016. "Bias Correction Methods for Dynamic Panel Data Models with Fixed Effects," MPRA Paper 70628, University Library of Munich, Germany.
    16. Alvarez, Javier & Arellano, Manuel, 2022. "Robust likelihood estimation of dynamic panel data models," Journal of Econometrics, Elsevier, vol. 226(1), pages 21-61.
    17. Klaus S. Friesenbichler, 2009. "Cash-Flow-Marge der österreichischen Sachgütererzeugung 2008 noch stabil," WIFO Monatsberichte (monthly reports), WIFO, vol. 82(6), pages 415-424, June.
    18. Lee, Yoon-Jin & Okui, Ryo & Shintani, Mototsugu, 2018. "Asymptotic inference for dynamic panel estimators of infinite order autoregressive processes," Journal of Econometrics, Elsevier, vol. 204(2), pages 147-158.
    19. Afonso, António & Huart, Florence & Tovar Jalles, João & Stanek, Piotr, 2022. "Twin deficits revisited: A role for fiscal institutions?," Journal of International Money and Finance, Elsevier, vol. 121(C).
    20. Manca, Fabio, 2011. "Education, Catch-up and Growth in Spain," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 20, pages 5-28.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:monber:y:2012:i:7:p:571-580. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.