The Effects of the Financial Crisis on Firms' Financial Behavior (CROSBI ID 637121)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Katunar, Jana ; Sokolić, Danijela ; Crnković Stumpf, Branka
engleski
The Effects of the Financial Crisis on Firms' Financial Behavior
The effects of the 2008 financial and economic crisis significantly affected the European market resulting in economic downturns, unemployment and decrease in national GDPs in many European countries. In this paper, we analyzed firms’ financial behavior before, during and upon the crisis as well as the manner in which large European firms adjusted their structure of capital to fight the effects of the financial crises. We observe changes in the financial position of 661 large firms in the European wholesale and retail industry. Findings indicate that the financial leverage ratio substantially changed during the observed period (2005-2014) as a result of firms` adjustments to market shocks. The firms turned to self raised funding and financial restructuring.
large firms’ behavior ; shareholder funds ; financial leverage ; business performance indicators ; capital structure
This work has been supported by the Croatian Science Foundation under the project 6558 Business and Personal Insolvency - the Ways to Overcome Excessive Indebtedness and by the University of Rijeka under the projects no. 13.02.1.2.09 and 13.02.1.3.11
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Podaci o prilogu
568-576.
2016.
objavljeno
Podaci o matičnoj publikaciji
An Enterprise Odyssey: Saving the Sinking Ship Through Human Capital
Galetić, Lovorka ; Načinović Braje, Ivana ; Jaković, Božidar
Zagreb: Ekonomski fakultet Sveučilišta u Zagrebu
978-953-346-027-7
Podaci o skupu
8th International Conference "An Enterprise Odyssey: Saving the Sinking SHip Through Human Capital
predavanje
08.06.2016-11.06.2016
Zagreb, Hrvatska