Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/193472
Authors: 
Juhász, Péter
Váradi, Kata
Száz, János
Vidovics-Dancs, Ágnes
Year of Publication: 
2017
Citation: 
[Journal:] Journal of Contemporary Economic and Business Issues [ISSN:] 1857-9108 [Volume:] 4 [Year:] 2017 [Issue:] 1 [Pages:] 21-39
Abstract: 
When focusing on business performance of a country, industry or an individual firm the performance of companies may be tracked using various measures. By simulating the behaviour of a simple firm, our model underlines that the choice of measurement unit determines what distortions we will face, and thus, using different measures we may end up identifying completely contradicting cycles at macro, mezzo, and micro level. On top of that, these cycles would radically change if firms examined changed their operational, investment or financing strategy or when structural changes happen in the economy. This may end in researchers analysing non-existing cycle changes and looking for nearly identical explanations of development differences for industries, regions or countries.
Subjects: 
fluctuation
corporate performance
inflation
leverage
strategy
JEL: 
D92
G31
G32
O14
Document Type: 
Article
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