Language:

Operating and financial leverage as risk measures in agricultural companies

Zagadnienia ekonomiki rolnej, 2018, Vol.1 (354), p.113-128 [Peer Reviewed Journal]

Full text available

Citations Cited by

Title:
Operating and financial leverage as risk measures in agricultural companies
Author: Zabolotnyy, Serihiy ; Wasilewski, Mirosław
Subjects: agricultural company ; Agricultural Finance ; financial leverage ; operating leverage ; Research Methods/ Statistical Methods ; risk ; Risk and Uncertainty
Is Part Of: Zagadnienia ekonomiki rolnej, 2018, Vol.1 (354), p.113-128
Description: The goal of the research is to estimate the level of risk of agricultural companies according to degree of operating and financial leverage, and to define relations between these measures and ratios of financial efficiency. The research involved companies from the database of the Institute of Agricultural and Food Economics – National Research Institute in 2005-2013. The greatest impact on risk of agricultural companies had the degree of operating leverage characterizing sensitivity of operating profit on volatility of operating revenue, regarding to cost structure. The degree of financial leverage showing the level of debt and interest paid influenced the risk of agricultural companies to a lesser extent. Agricultural companies with a high degree of total leverage had lower financial efficiency, arising from a low ability to generate operating profit.
Language: English
Identifier: ISSN: 0044-1600
DOI: 10.22004/ag.econ.276377
Source: AgEcon
Alma/SFX Local Collection

Back to results list


INSPIRE LIBRARY - TON DUC THANG UNIVERSITY	(84-028) 37 755 057	Feedback
19 Nguyen Huu Tho St. Dist.7, HCM	thuvien@tdtu.edu.vn	Feedback

Searching Remote Databases, Please Wait