85-95

• Κούρτης, Παναγιώτης Γ.

The scope of this paper is to approach productivity, profitability and competitiveness based on the business and industry level. This task is carried out predominately through the use of financial ratios emanating from financial statement analysis at the firm level. Return on capital ratios above the average in the long run period, is argued that is an indication of attaining, upgrading and preserving competitive advantage. Effectiveness and efficiency in operation for that purpose is required and is achieved through the appropriate strategy. Finally, the notion of competitiveness is transplanted to regional and national level.

• Economics and Business

• Economics

Profitability, Productivity, Competitiveness, Performance, Return on Capital, Financial ratios

JEL classification: G33