Globalization and financial performances in French cosmetic industry

Mihai Mutascu and Aurora Murgea ()
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Aurora Murgea: Faculty of Economics and Business Administration - UVT - Universitatea de Vest din Timișoara [România] = West University of Timișoara [Romania] = Université Ouest de Timișoara [Roumanie]

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Abstract: The paper analyses the impact of globalization on financial performances of the French cosmetic companies, based on a sample with 704 cosmetic business entities, for the period 2003-2015. The main finding shows that the openness has a positive linear impact on their financial performances, both for producers and distributors. Moreover, the producers are more sensitive to the regulation adjustments, while the investments and debt management are very important for distribution companies. Contrary to other sectors, the economic crisis does not generate notable disturbances on the cosmetic market, as this market exhibits a sort of rigidity in respect to the purchasing power.

Keywords: French cosmetic industry; Effects; Globalization; Financial performances; Panel analysis (search for similar items in EconPapers)
Date: 2017-04-07
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01504099
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