Determining Some Factors of the Financial Situation in the European Union Publishing Sector

Abstract

The publishing sector is probably a cultural industry with one of the greatest economic projections due to its huge turnover and contribution to the Gross Domestic Product of countries. In order to gain a better understanding of this sector, this paper examines a sample of the most important companies belonging to this sector in the European Union, focusing on studying their economic-financial profile. In order to achieve this, multivariate statistical techniques are used to create indicators on the evolution of the main variables and financial ratios of these companies over recent years. The specific objectives are: to summarise the information in a smaller number of factors, which in turn enable us to construct a robust and reliable synthetic indicator; and investigate the relationship between the constructed index and different variables such as company age, size and localisation. The changes experienced in this sector are reflected in the obtained results and provide a richer understanding of cultural industries.

Impacto de la información financiera en la consecución del desarrollo empresarial en Colombia

“…El criterio de estados financieros comparativos, es aplicado en mayor porcentaje de empresas industriales, seguida de las de servicios; pero del sector comercial, cumple solo un 66% de las empresas con esta característica de comparabilidad. Por su parte, la verificación de saldos de activos operacionales, parece ser un elemento importante para la mayoría de las empresas con porcentajes elevados de aplicación de este criterio, algunos de estos hallazgos concuerdan con Sanz et al (2018).…”

Principal component analysis of financial statements. A compositional approach

“…Based on the seminal work by Pinches et al (1973), the application of factor analysis and related data reduction methods has spread as a means of summarizing the extensive information offered by the many common financial ratios and determining patterns of financial structure and performance. These methods include, among others, principal component analysis (e.g., Chen & Shimerda, 1981;Cowen & Hoffer, 1982;Dimitropoulos et al, 2010;Martín-Oliver et al, 2017;Sanz et al, 2018;Sharma et al, 2016;Yoshino & Taghizadeh-Hesary, 2015;Yoshino et al, 2016) and factor analysis (e.g., Lukason & Laitinen, 2016;Pinches et al, 1973;Yap et al, 2014).…”