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The financial profile of Greek manufacturing SMEs through a multivariate statistical methodology

Zopounidis Konstantinos, Doumpos, Michael, Foteini Voulgaris

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URIhttp://purl.tuc.gr/dl/dias/41126072-3962-4AA2-825E-D7C85F641AFE-
Identifierhttp://cris.teiep.gr/jspui/bitstream/123456789/1098/1/epiteyxos4_001.pdf-
Languageen-
Extent21 pagesen
TitleThe financial profile of Greek manufacturing SMEs through a multivariate statistical methodologyen
CreatorZopounidis Konstantinosen
CreatorΖοπουνιδης Κωνσταντινοςel
CreatorDoumpos, Michaelen
CreatorFoteini Voulgarisen
Content SummarySmall and Medium sized Enterprises (SMEs) play a very important role for the Greek economy and employment. This paper attempts through a classification procedure to evaluate the financial performance of Greek SMEs during a period of macroeconomic changes following European Economic Integration. For this purpose, a multivariate data analysis framework-factor and cluster analysis is applied οη a random sample of Greek manufacturing SMEs. The approach gave meaningful results, which enabled us to define the financial profile of Greek SMEs, their reaction to macroeconomic changes and their differences from large manufacturing firms. The findings show that Greek SMEs have lower liquidity, lower and more volatile profits, lower reliance οη debt, especially long-term debt than LSEs and are more affected by macroeconomic conditions.el
Type of ItemPeer-Reviewed Journal Publicationen
Type of ItemΔημοσίευση σε Περιοδικό με Κριτέςel
Licensehttp://creativecommons.org/licenses/by/4.0/en
Date of Item2015-10-27-
Date of Publication2003-
SubjectCapability, Financial (Financial literacy)en
SubjectFinancial capability (Financial literacy)en
SubjectLiteracy, Financialen
Subjectfinancial literacyen
Subjectcapability financial financial literacyen
Subjectfinancial capability financial literacyen
Subjectliteracy financialen
Bibliographic CitationF. Voulgaris, M. Doumpos , C. Zopounidis. (2003) .The financial profile of Greek manufacturing SMEs through a multivariate statistical methodology. Review of Economic Sciences [online]. pp. 5-26.Available:http://cris.teiep.gr/jspui/bitstream/123456789/1098/1/epiteyxos4_001.pdfen

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