Efficiency, Taxation, and Solvency Issues for SMEs: The Case of Greece, Italy, and Spain

Christos Floros (), Christos Lemonakis (), Efthalia Tabouratzi (), Alexandros Garefalakis () and Constantin Zopounidis ()
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Christos Floros: Hellenic Mediterranean University
Christos Lemonakis: Hellenic Mediterranean University
Efthalia Tabouratzi: Hellenic Mediterranean University
Alexandros Garefalakis: Hellenic Mediterranean University
Constantin Zopounidis: Technical University of Crete

A chapter in Essays on Financial Analytics, 2023, pp 47-61 from Springer

Abstract: Abstract This paper provides new insights into the efficiency of European firms using accounting and financial ratios. In particular, we discuss how the data envelopment analysis (DEA) method can be used with accounting and financial data to highlight the importance of firm profitability as a counterbalance to crisis-induced weakness in demand. We consider several DEA models for studying the technical, financial, and financing efficiency of firms, including a unique set of variables (inputs/outputs) for productivity analysis. Our results provide recommendations for financial managers and analysts dealing with European firms, especially from the southern parts of Europe, i.e., Greece, Italy, and Spain.

Keywords: Efficiency; Accounting ratios; Financial ratios; DEA; European firms (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnopch:978-3-031-29050-3_4

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DOI: 10.1007/978-3-031-29050-3_4

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