The Assessment of Financial Performance of the Lithuanian Dairy Sector’s Listed Companies

Asta Kamandulienė; Žilvinas Kulbokas

doi:10.1515/mosr-2020-0005

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The Assessment of Financial Performance of the Lithuanian Dairy Sector’s Listed Companies

Management of Organizations: Systematic Research

Volume 83 (2020): Issue 1 (June 2020)

By: Asta Kamandulienė and Žilvinas Kulbokas

Open Access

|Oct 2020

Abstract

The article analyses the Lithuanian dairy sector companies’ financial performance and its determinants. Economic value added (EVA) is employed in the paper as a measure of financial performance and labour productivity, revenue from exporting, gross profit margin and cost of debt are used as independent variables to identify determinants influencing performance. The results of the analysis show that EVA (as financial performance measure) fluctuates during the periods and has an opposite trend direction in some periods for some companies. The revenue from exporting and gross margin are found to have a significant positive impact on EVA (financial performance measure).

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Articles in this issue

DOI: https://doi.org/10.1515/mosr-2020-0005 | Journal eISSN: 2335-8750 | Journal ISSN: 1392-1142

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Language: English

Page range: 73 - 92

Submitted on: May 11, 2020

Accepted on: Jul 15, 2020

Published on: Oct 14, 2020

Published by: Vytautas Magnus University, Faculty of Economics and Management

In partnership with: Paradigm Publishing Services

Publication frequency: 2 issues per year

Keywords:

financial performance,

financial performance measurement,

Economic Value Added (EVA),

labour productivity,

profitability,

gross profit margin,

revenue from exporting,

cost of debt

Related subjects:

Business and economics,

Business management,

Marketing, sales, customer relations,

Management, organization, corporate governance,

Business development, change management, cooperation,

Human resources, labor practice, job and career

© 2020 Asta Kamandulienė, Žilvinas Kulbokas, published by Vytautas Magnus University, Faculty of Economics and Management
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Volume 83 (2020): Issue 1 (June 2020)