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The Effects of the Financial Crisis on Firms' Financial Behavior


Katunar, Jana; Sokolić, Danijela; Crnković Stumpf, Branka
The Effects of the Financial Crisis on Firms' Financial Behavior // An Enterprise Odyssey: Saving the Sinking Ship Through Human Capital / Galetić, Lovorka ; Načinović Braje, Ivana ; Jaković, Božidar (ur.).
Zagreb: Faculty of Economics & Business University of Zagreb, 2016. str. 568-576 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)


Naslov
The Effects of the Financial Crisis on Firms' Financial Behavior

Autori
Katunar, Jana ; Sokolić, Danijela ; Crnković Stumpf, Branka

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
An Enterprise Odyssey: Saving the Sinking Ship Through Human Capital / Galetić, Lovorka ; Načinović Braje, Ivana ; Jaković, Božidar - Zagreb : Faculty of Economics & Business University of Zagreb, 2016, 568-576

ISBN
978-953-346-027-7

Skup
8th International Conference "An Enterprise Odyssey: Saving the Sinking Ship Through Human Capital"

Mjesto i datum
Zagreb, Hrvatska, 8-11.06.2016

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Large firms’ behavior ; shareholder funds ; financial leverage ; business performance indicators ; capital structure

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
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



POVEZANOST RADA


Projekt / tema
081-0811272-1276 - Koncepti i metode troškovnog računovodstva u javnom sektoru Republike Hrvatske (Mira Dimitrić, )
13.02.1.2.09
13.02.1.3.11
HRZZ 6558

Ustanove
Ekonomski fakultet, Rijeka

Časopis indeksira:


  • EconLit