Determinants of Firm Profitability in Croatia’s Manufacturing Sector (CROSBI ID 639405)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Škuflić, Lorena ; Mlinarić, Danijel ; Družić, Marko
engleski
Determinants of Firm Profitability in Croatia’s Manufacturing Sector
This paper investigates determinants of the profitability of industrial firms in Croatia, using data for large, medium and small companies for the period 2003-2014. This paper provides a broad theoretical review of the determinants of profitability analysed in economic literature with special remarks on firm level determinants, and explanation of most used variables such as size of firm, revenues, growth rate of revenues, sales, profit in previous years, ownership, productivity level, financial leverage, cost of inputs, indebtedness. Results from the panel ordinary least squares model for Croatia’s manufacturing sector reveal a positive and statistical significant relationship between profitability, total factor productivity, and concentration measured through Herfindahl- Hirschman index. On the other hand, indebtedness and liquidity show a negative relationship with the firm profitability of Croatia’s manufacturing sector.
Profitability; Determinants; Manufacturing Industry
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Podaci o prilogu
269-282.
2016.
objavljeno
Podaci o matičnoj publikaciji
Proceedings Book "Regional Economic Development: Entrepreneurship and Innovation"
Obralić, Merdžana ; Mekić, Emina
Sarajevo: Internacionalni Burč univerzitet
Podaci o skupu
International Conference on Economic and Social Studies (ICESoS’16)
predavanje
21.04.2016-22.04.2016
Sarajevo, Bosna i Hercegovina