The Assessment of Financial Performance of the Lithuanian Dairy Sector's Listed Companies

Asta Kamandulienė, Žilvinas Kulbokas
2020 Organizacijų Vadyba: Sisteminiai Tyrimai  
AbstractThe article analyses the Lithuanian dairy sector companies' financial performance and its determinants. Economic value added (EVA) is employed in the paper as a measure of financial performance and labour productivity, revenue from exporting, gross profit margin and cost of debt are used as independent variables to identify determinants influencing performance. The results of the analysis show that EVA (as financial performance measure) fluctuates during the periods and has an opposite
more » ... nd has an opposite trend direction in some periods for some companies. The revenue from exporting and gross margin are found to have a significant positive impact on EVA (financial performance measure).
doi:10.1515/mosr-2020-0005 fatcat:y24io4gsczf5vigthp5caxuzyu