Is solvency influencing EPS growth in Poland, Austria and Germany? A comparison study of markets with a similar bankruptcy law

Monika Bolek and Agata Gniadkowska-Szymańska

International Journal of Accounting, Auditing and Performance Evaluation, 2023, vol. 19, issue 2, 250-267

Abstract: The goal of this paper is related to the comparison analysis of the companies listed on exchange markets in Poland, Austria, and Germany. The analysis is presented in light of the bankruptcy law that is similar in countries taken into consideration. Insolvency related to financial liquidity can influence the growth of earnings per share (EPS), which is a measure of companies' economic condition of companies related to the creation of value for shareholders. Both the solvency and economic condition represented by financial liquidity and EPS growth are important factors related to the bankruptcy law. To analyse the influence of financial liquidity on the growth of EPS, linear and logit models are applied to compare the relationship between these variables. The results show that financial liquidity affects the EPS growth to Germany in a higher degree, while in Poland and Austria such an influence is much weaker.

Keywords: financial liquidity; bankruptcy; economic condition of companies. (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijaape:v:19:y:2023:i:2:p:250-267

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