<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The 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 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).</p></abstract>

The 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 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).

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

lecturer at the Faculty of Economics and Management

MBA from the Faculty of Economics and Management

Management of Organizations: Systematic Research

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The article analyses the Lithuanian dairy sector companies’ financial performance and its determinants. Economic value added (EVA) is employed in the paper as...

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

Published Online: Oct 14, 2020

Page range: 73 - 92

Received: May 11, 2020

Accepted: Jul 15, 2020

DOI: https://doi.org/10.1515/mosr-2020-0005

Keywords
financial performance, financial performance measurement, Economic Value Added (EVA), labour productivity, profitability, gross profit margin, revenue from exporting, cost of debt

© 2020 Asta Kamandulienė et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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

Published Online: Oct 14, 2020

Page range: 73 - 92

Received: May 11, 2020

Accepted: Jul 15, 2020

DOI: https://doi.org/10.1515/mosr-2020-0005

Keywordsfinancial performance, financial performance measurement, Economic Value Added (EVA), labour productivity, profitability, gross profit margin, revenue from exporting, cost of debt

© 2020 Asta Kamandulienė et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
financial performance, financial performance measurement, Economic Value Added (EVA), labour productivity, profitability, gross profit margin, revenue from exporting, cost of debt