The Effect of the Cash Conversion Cycle on the Z-scores of Fresh Milk Companies in Greece
Abstract:The dairy products sector in Greece is very important for the Greek economy because it is associated to the primary sector and also has a strong exportation orientation. The impact of the financial crisis was evident in the dairy industry also along with the other sectors of the economy. The objective of this study is to examine the effect of the Cash Conversion Cycle as measure of liquidity, on the Z-scores of three selected fresh milk firms in Greece. We examine the market leader fresh milk company "DELTA", … Show more
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