Profitability in Norwegian salmon farming: The impact of firm size and price variability
作者： Frank Asche , Marius Sikveland , Dengjun Zhang
DOI: 10.1080/13657305.2018.1385659
关键词: Panel data 、 Fixed asset 、 Market liquidity 、 Business 、 Operating leverage 、 Current asset 、 Monetary economics 、 Working capital 、 Current liability 、 Profitability index
摘要: In this paper, we investigate the impact of firm size and price variability on profitability in Norwegian salmon farming industry using a panel data set all companies from period 2000 to 2014. Several proxies for are included analysis. We find that firm’s share total sales has positive profitability, while an alternative proxy, assets, is negatively linked profitability. Financial leverage (gearing) negative impact, but liquidity (current assets/current liabilities) not found significantly affect Operating efficiency indicators like working capital management (net capital/total assets) operating (fixed assets/total positively associated with Finally, increases smaller more able take advantage profit opportunities offer, compared larger companies.
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