Profitability of foodstuff processing companies in V4 countries during the 2008-2012 economic crisis
Profitability of foodstuff processing companies in V4 countries during the 2008-2012 economic crisis

Summary/Abstract: Food processing companies in the members of the Visegrad Group have had similar conditions to sustain and develop their business activities since entering the single European market in 2004. It is necessary above all to stress the levelling instruments of the Common Agricultural Policy within the context of negative external impacts, which diminish in relation to the economic status of businesses, specifi cally SMEs. The objective of this paper is to identify similarities and differences in the profi tability of foodstuff producers from the Visegrad countries during the global economic crisis between 2008 and 2012. The paper uses fi nancial and non-fi nancial factors and employs a multiple correspondence analysis approach. Corporate fi nancial data for the companies was sourced from the Amadeus of Bureau van Dijk database for 2008-2012. Non-fi nancial factors within the sample of business entities include economic size and residence. The fi ndings reveal similarities in corporate profi tability among observed countries of residence and other distinctive factors.

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