2021
DOI: 10.1108/ejmbe-06-2019-0109
|View full text |Cite
|
Sign up to set email alerts
|

Performance of large firms in Greece during the unstable period of 2011–2016: lessons from the weak parts of Europe

Abstract: PurposeThe unprecedented economic crisis in Greece deeply affected entrepreneurship, which was traditionally characterised by low levels of innovation and competitiveness, the dominant presence of micro-sized enterprises and the weak signs of prosperity in large firms. This paper, in acknowledgement of the necessary transformations that production incurred due to the crisis, attempts to detect the characteristics of large manufacturing firms that contributed to their greater resilience during the unstable peri… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1
1

Citation Types

1
5
0
2

Year Published

2022
2022
2024
2024

Publication Types

Select...
6
1

Relationship

0
7

Authors

Journals

citations
Cited by 8 publications
(8 citation statements)
references
References 91 publications
(120 reference statements)
1
5
0
2
Order By: Relevance
“…We also found no statistically significant effect of Greek institutions on the entrepreneurs' plans to expand their businesses. This finding is in line with the study by Tsiapa (2022), who concludes that any improvements in transparency, by reducing corruption, have a weak influence on businesses' performance. This finding can also be explained by the fact that the efforts to reduce corruption have so far not yielded the expected results (Transparency International, 2021).…”
Section: Discussionsupporting
confidence: 91%
“…We also found no statistically significant effect of Greek institutions on the entrepreneurs' plans to expand their businesses. This finding is in line with the study by Tsiapa (2022), who concludes that any improvements in transparency, by reducing corruption, have a weak influence on businesses' performance. This finding can also be explained by the fact that the efforts to reduce corruption have so far not yielded the expected results (Transparency International, 2021).…”
Section: Discussionsupporting
confidence: 91%
“…According to the results of Liargovas and Skandalis (2010), financial leverage, firm size, liquidity ratio and operational ability have a significant impact on a firm's competitiveness, which can be measured using three variables: ROA, ROE and sales. Tsiapa (2021) confirmed that the operation of large firms, in terms of total asset management, and financial leverage ratio signify higher company health and profitability during arduous periods. Ayaz et al (2021) support that both leverage ratio and firm size improve a firm's performance; this is consistent with leverage being used as an effective strategy for motivating managers to contribute greater benefits at an optimal level in Malaysian firms.…”
Section: The Determinant Of Firm Performancementioning
confidence: 65%
“…According to Liargovas and Skandalis, higher ROE and ROA have significant impact on increasing a firm's competitiveness [10]. The idea is further confirmed by researcher Tsiapa that more efficient management of total assets and higher financial leverage ratio correlate with higher profitability earned by companies especially during arduous period [11] Dividend yield estimates investors' return of shares based on dividends paid relative to market price per share. Dividend is regarded as a sign that company managers have positive expectation for earnings in the future.…”
Section: Fig 2 Process Of Analyzing Firmmentioning
confidence: 89%