CORPORATE AND SECTOR INFLUENCES ON FIRM PERFORMANCE: EVIDENCE FROM POLAND

Zbigniew Matyjas

Economy & Business Journal, 2016, vol. 10, issue 1, 115-122

Abstract: The study examines the impact of firm- and industry-level variables on performance of Polish listed companies. The study is based on the data of companies (all but financial and commercial ones) listed on the Warsaw Stock Exchange in the period of 2007-2012. Each of the companies has also been classified into a specific industry according to the Polish PKD classification (similar to NACE Rev.2). The study employed panel data analysis with fixed effects. The results indicate that the firm-level effects have a slightly stronger impact on companies' performance than industry-level effects, though the differences largely depend on the model applied to research. In the 1st panel (dependent variable ROA) the results indicate around three times higher impact of firm- in comparison to industry-level effects. In the 2nd panel (dependent variable ROS) the difference between these two types of variables is approximately 15%.

Keywords: industry-level effects; company-level effects; panel data analysis (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.scientific-publications.net/get/1000019/1472362514379274.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:isp:journl:v:10:y:2016:i:1:p:115-122

Access Statistics for this article

More articles in Economy & Business Journal from International Scientific Publications, Bulgaria
Bibliographic data for series maintained by Svetoslav Ivanov ().