Since 2014
A Comparison of the Financial Characteristics of NAFTA and Latin American Manufacturing Firms
Emerging Markets Journal
View Archive Info| Field | Value | |
| Title |
A Comparison of the Financial Characteristics of NAFTA and Latin American Manufacturing Firms
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| Creator |
Meric, Gulser
Haksever, Cengiz Procaccino, J. Drew Meric, Ilhan |
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| Subject |
Financial ratios; NAFTA manufacturing firms; Latin American manufacturing firms; MANOVA (Multivariate Analysis of Variance)
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| Description |
Comparing the financial characteristics of firms in different countries and different regions has been a popular research topic in finance. However, NAFTA and Latin American manufacturing firms have never been compared. In this paper, we undertake such a study with the MANOVA (Multivariate Analysis of Variance) method and with data drawn from the Research Insight/Global Vintage database in October 2015. Our findings indicate that NAFTA manufacturing firms have less liquidity risk, but more financial risk, compared with Latin American Manufacturing firms. NAFTA manufacturing firms have significantly higher returns on equity due to achieving higher returns on assets and using more financial leverage. Latin American manufacturing firms have more efficient inventory management. However, NAFTA manufacturing firms have more efficient accounts receivable management and total assets management.
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| Publisher |
University Library System, University of Pittsburgh
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| Contributor |
—
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| Date |
2017-01-06
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://emaj.pitt.edu/ojs/index.php/emaj/article/view/102
10.5195/emaj.2016.102 |
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| Source |
EMAJ: Emerging Markets Journal; Vol 6, No 2 (2016); 22-29
2158-8708 |
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| Language |
eng
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| Relation |
http://emaj.pitt.edu/ojs/index.php/emaj/article/view/102/274
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| Rights |
Copyright (c) 2017 EMAJ: Emerging Markets Journal
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