Economic crisis and firms’ performance: Empirical evidence for the Greek cheese industry

• Achilleas Kontogeorgos ^[1] ; Konstantina Pendaraki ^[1] ; Fotios Chatzitheodoridis ^[2]
  1. [1] University of Patras

     University of Patras

     Dimos Patras, Grecia

     
  2. [2] University of Western Macedonia

     University of Western Macedonia

     Dimos Kozani, Grecia

     
• Localización: Revista galega de economía: Publicación Interdisciplinar da Facultade de Ciencias Económicas e Empresariais, ISSN-e 2255-5951, ISSN 1132-2799, Vol. 26, Nº. 1, 2017, págs. 73-82
• Idioma: inglés
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• Resumen

  • The main purpose of this paper is to empirically explore the characteristics of the cheese sector that lead businesses in Greece to profitability. It is also important to evaluate the impact of the current economic crisis on the economic performance of cheese enterprises.

    This study uses a panel data set that come from balance sheets and income statements of almost 100 companies operating in the cheese sector for the period 2006 to 2011. The first results show that during this economic crisis period, the profitability of cheese businesses has been affected adversely. Moreover, the smaller sized businesses are presenting the most significant efficiency and profitability losses.