Factors That Affect Financial Stability Of Listed Firms – Case Of Croatia
This paper explores the factors affecting the financial stability of publicly traded companies. The sample includes non-financial companies listed on the prime and official markets of the Zagreb Stock Exchange from 2018 to 2022. In order to conduct the analysis, a variety of firm-specific, industry-...
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| Format: | Article |
| Language: | English |
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Šibenik University of Applied Sciences
2024-07-01
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| Series: | Elektronički Zbornik Radova Veleučilišta u Šibeniku |
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| Online Access: | https://hrcak.srce.hr/en/file/461947 |
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| author | Tomislava Pavić Kramarić Marko Miletić |
| author_facet | Tomislava Pavić Kramarić Marko Miletić |
| author_sort | Tomislava Pavić Kramarić |
| collection | DOAJ |
| description | This paper explores the factors affecting the financial stability of publicly traded companies. The sample includes non-financial companies listed on the prime and official markets of the Zagreb Stock Exchange from 2018 to 2022. In order to conduct the analysis, a variety of firm-specific, industry-specific and macroeconomic factors were utilized, encompassing company size measured with sales, liquidity expressed with the quick ratio, leverage, earnings per share, Covid-19 dummy variable and inflation. Additionally, financial stability was measured using a variant of the Z-score indicator. The results of the analysis conducted using Arellano-Bond dynamic panel model reveal that variables that are statistically significant in explaining financial stability are size, liquidity, and earnings per share with all three having positive influence on the financial stability of Croatian listed non-financial companies. |
| format | Article |
| id | doaj-art-3a489cb98ca442e4b083127718fe8aab |
| institution | Kabale University |
| issn | 1846-6699 1846-6656 |
| language | English |
| publishDate | 2024-07-01 |
| publisher | Šibenik University of Applied Sciences |
| record_format | Article |
| series | Elektronički Zbornik Radova Veleučilišta u Šibeniku |
| spelling | doaj-art-3a489cb98ca442e4b083127718fe8aab2025-01-03T00:34:06ZengŠibenik University of Applied SciencesElektronički Zbornik Radova Veleučilišta u Šibeniku1846-66991846-66562024-07-01181-22536https://doi.org/10.51650/ezrvs.18.1-2.2Factors That Affect Financial Stability Of Listed Firms – Case Of CroatiaTomislava Pavić Kramarić0https://orcid.org/0000-0002-0974-4423Marko Miletić1https://orcid.org/0000-0002-6955-3047Sveučilište u Splitu, Sveučilišni odjel za forenzične znanosti, Split, Republika HrvatskaSveučilište u Splitu, Sveučilišni odjel za stručne studije, Split, Republika HrvatskaThis paper explores the factors affecting the financial stability of publicly traded companies. The sample includes non-financial companies listed on the prime and official markets of the Zagreb Stock Exchange from 2018 to 2022. In order to conduct the analysis, a variety of firm-specific, industry-specific and macroeconomic factors were utilized, encompassing company size measured with sales, liquidity expressed with the quick ratio, leverage, earnings per share, Covid-19 dummy variable and inflation. Additionally, financial stability was measured using a variant of the Z-score indicator. The results of the analysis conducted using Arellano-Bond dynamic panel model reveal that variables that are statistically significant in explaining financial stability are size, liquidity, and earnings per share with all three having positive influence on the financial stability of Croatian listed non-financial companies.https://hrcak.srce.hr/en/file/461947financial stabilitylisted firmscroatia. |
| spellingShingle | Tomislava Pavić Kramarić Marko Miletić Factors That Affect Financial Stability Of Listed Firms – Case Of Croatia Elektronički Zbornik Radova Veleučilišta u Šibeniku financial stability listed firms croatia. |
| title | Factors That Affect Financial Stability Of Listed Firms – Case Of Croatia |
| title_full | Factors That Affect Financial Stability Of Listed Firms – Case Of Croatia |
| title_fullStr | Factors That Affect Financial Stability Of Listed Firms – Case Of Croatia |
| title_full_unstemmed | Factors That Affect Financial Stability Of Listed Firms – Case Of Croatia |
| title_short | Factors That Affect Financial Stability Of Listed Firms – Case Of Croatia |
| title_sort | factors that affect financial stability of listed firms case of croatia |
| topic | financial stability listed firms croatia. |
| url | https://hrcak.srce.hr/en/file/461947 |
| work_keys_str_mv | AT tomislavapavickramaric factorsthataffectfinancialstabilityoflistedfirmscaseofcroatia AT markomiletic factorsthataffectfinancialstabilityoflistedfirmscaseofcroatia |