Tsolas, Ioannis E. - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-13
its operating environment, taking into account firm (i.e., efficiency, asset structure, profitability, size, age and risk …) and industry effects. For a sample of Greek pharmaceutical, cosmetic and detergent (PCD) enterprises, firm efficiency was … (OLS) regression. The findings confirm the significance of firm efficiency (i.e., the franchise-value hypothesis over the …