Size and Financial Performance in the Greek Manufacturing Sector
Part of : Αρχείον οικονομικής ιστορίας ; Vol.XIV, No.1, 2002, pages 99-118
Issue:
Pages:
99-118
Author:
Abstract:
This paper explores the financial aspects of the manufacturing sector in Greece and investigates the differences in the financial performance between small and medium sized enterprises (SMEs) and large sized enterprises (LSEs). Financial panel data are utilized covering a period of nine years. The ANOVA and MANOVA tests were used to examine whether the mean scores differ significantly between the two-size groups based on selected performance measures. The research revealed that Greek SMEs have significantly different performance from LSEs. More specifically, they exhibit higher liquidity, lower profitability, inefficient inventory management and lower net profit margins compared to the large sized firms of the sector.
Subject:
Subject (LC):
Keywords:
Corporate performance, Industry study, Panel Data, SMEs, LSEs
