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

Kamandulienė Asta () and Kulbokas Žilvinas ()
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Kamandulienė Asta: PhD, lecturer at the Faculty of Economics and Management, Vytautas Magnus University, Lithuania. Address: S. Daukanto str. 28, LT-44248, Kaunas, Lithuania. Phone: +370 37 327856.
Kulbokas Žilvinas: MBA from the Faculty of Economics and Management, Vytautas Magnus University, Lithuania. Address: S. Daukanto str. 28, Kaunas, Lithuania.

Management of Organizations: Systematic Research, 2020, vol. 83, issue 1, 73-92

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).

Keywords: financial performance; financial performance measurement; Economic Value Added (EVA); labour productivity; profitability; gross profit margin; revenue from exporting; cost of debt (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:morgsr:v:83:y:2020:i:1:p:73-92:n:5

DOI: 10.1515/mosr-2020-0005

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