scholarly journals A Comparison of the Financial Characteristics of NAFTA and Latin American Manufacturing Firms

2017 ◽  
Vol 6 (2) ◽  
pp. 22-29
Author(s):  
Gulser Meric ◽  
Cengiz Haksever ◽  
J. Drew Procaccino ◽  
Ilhan Meric
Keyword(s):  
Multivariate Analysis ◽  
Inventory Management ◽  
Analysis Of Variance ◽  
Latin American ◽  
Financial Risk ◽  
Liquidity Risk ◽  
Manufacturing Firms ◽  
Research Topic ◽  
Accounts Receivable ◽  
Financial Characteristics

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.

scholarly journals A Comparison of the Financial Characteristics of U.S. and European Manufacturing Firms

2016 ◽  
Vol 11 (2) ◽  
pp. 58-67
Author(s):  
Gulser Meric ◽  
T. Jerome Bentley ◽  
W. Charles McCall ◽  
Ilhan Meric
Keyword(s):  
Multivariate Analysis ◽  
Analysis Of Variance ◽  
Growth Rates ◽  
Manufacturing Firms ◽  
Research Topic ◽  
Financial Ratios ◽  
Multivariate Analysis Of Variance ◽  
Accounts Receivable ◽  
Fixed Assets ◽  
Financial Characteristics

Abstract Comparing the financial characteristics of firms in different countries and regions has been a popular research topic in finance. In this paper, we compare the financial characteristics of U.S. and European manufacturing firms with the MANOVA (Multivariate Analysis of Variance) method and financial ratios. Our findings indicate that the overall financial characteristics of U.S. and European manufacturing firms are significantly different. We find that U.S. manufacturing firms are more profitable and they have less liquidity and bankruptcy risks compared with European manufacturing firms. European manufacturing firms are more efficient in managing their fixed assets. However, U.S. manufacturing firms are more efficient in managing their accounts receivable and total assets. U.S. manufacturing firms are able to achieve significantly higher sales and total assets growth rates compared with European manufacturing firms.

A Comparison of the Financial Characteristics of U.S., U.K., German, and French Manufacturing Firms

2005 ◽  
Vol 6 (1) ◽  
pp. 67-80
Author(s):  
Ilhan Meric ◽  
Larry Prober ◽  
Joe Kim ◽  
Gulser Meric
Keyword(s):  
Multivariate Analysis ◽  
Analysis Of Variance ◽  
Manufacturing Firms ◽  
Manufacturing Industries ◽  
Multivariate Analysis Of Variance ◽  
Volatility Risk ◽  
Return On Equity ◽  
Variance Method ◽  
Financial Characteristics

This article compares the financial characteristics of U.S. firms with the financial characteristics of U.K., German, and French firms in four major manufacturing industries by using the MANOVA (Multivariate Analysis of Variance) method with data for the January 1997-December 2001 period. The findings indicate that the financial characteristics of U.S. and European manufacturing firms are significantly different. The most significant differences are between U.S. firms and German firms. U.S. firms are generally more profitable and they have lower return-on-equity volatility risk in comparison with European firms.

scholarly journals A Comparison of the Financial Characteristics of European and Asian Manufacturing Firms

2017 ◽  
Vol 12 (3) ◽  
pp. 112-125
Author(s):  
Gulser Meric ◽  
Carol Welsh ◽  
Robert Scarpa ◽  
Ilhan Meric
Keyword(s):  
Manufacturing Firms ◽  
Turnover Rates ◽  
Return On Assets ◽  
Bankruptcy Risk ◽  
Return On Equity ◽  
Accounts Receivable ◽  
Net Profit ◽  
Inventory Turnover ◽  
Financial Characteristics ◽  
Global Investors

Abstract Comparing the financial characteristics of firms in different countries has been a popular research topic in finance. However, general financial characteristics of European and Asian manufacturing firms have never been compared. In this paper, we undertake such a study with the MANOVA (Multivariate Analysis of Variance) technique. Our research uses all European and Asian manufacturing firms included in the Research Insight/Global Vintage database at the end of 2015. Our findings may provide valuable insights for financial managers and global investors. We find that Asian firms tend to have less liquidity risk but more bankruptcy risk compared with European firms. European firms have more efficient accounts receivable management and higher fixed and total assets turnover rates. However, Asian firms have higher inventory turnover and sales growth rates. Return on equity is not significantly different in European and Asian firms. However, Asian firms have significantly higher net profit margin and return on assets compared with European firms.

Selflessness in Anorexia Nervosa as Reflected in the Rorschach Comprehensive System

2012 ◽  
Vol 33 (1) ◽  
pp. 78-93 ◽  
Author(s):  
Gili Curiel-Levy ◽  
Laura Canetti ◽  
Esti Galili-Weisstub ◽  
Myrna Milun ◽  
Eitan Gur ◽  
...  
Keyword(s):  
Multivariate Analysis ◽  
Anorexia Nervosa ◽  
Analysis Of Variance ◽  
Clinical Observation ◽  
Comparison Group ◽  
Comprehensive System ◽  
Multivariate Analysis Of Variance ◽  
Rorschach Comprehensive System ◽  
Group A

This study examines the expression of selflessness – the tendency to ignore one’s own needs and serve others’ needs – in Rorschach protocols of women suffering from anorexia nervosa. The protocols of 35 women suffering from anorexia nervosa were compared to 30 protocols of a psychiatric comparison group. A multivariate analysis of variance over five variables (AG, PER, PHR, COP, and GHR) was significant: Anorexic patients showed higher characteristics of selflessness compared to the psychiatric comparison group. These findings contribute to the validation of the Rorschach technique and to the clinical observation of selflessness in anorexic patients, and they emphasize specific characteristics in the treatment of anorexia nervosa patients.

scholarly journals Strategic Management for Community-Based Markets: From Consumers’ Perspectives and Experiences

2021 ◽  
Vol 13 (10) ◽  
pp. 5469
Author(s):  
Chao-Jung R. Chen ◽  
Tun-Hsiang E. Yu ◽  
Rachel J. C. Fu
Keyword(s):  
Multivariate Analysis ◽  
Content Analysis ◽  
Strategic Management ◽  
Analysis Of Variance ◽  
Food Quality ◽  
Consumer Survey ◽  
Lower Income ◽  
Community Based ◽  
Farmers Market ◽  
Clear Information

This study used a consumer survey to identify resources and services that are important to farmers’ market (FM) shoppers. The questionnaire was distributed onsite in six FMs in Tennessee, and a total of 506 FM shoppers responded. The most important resources and services in terms of a shopper’s decision to visit a FM are identified as supporting local food, quality, friendly, and diverse vendors, and food origin. Multivariate analysis of variance (MANOVA) reveals that convenience and close to home are more important to women; price is more important to younger and lower-income shoppers, while quality, convenience, interaction with farmers/producers, and food origin are more important to older shoppers. Content analysis indicated that FM shoppers were impressed with FM atmosphere and liked the quality, variety, and convenience provided by FMs, but disliked not having clear information such as product labels and websites.

A Controlled Study of Sensation Awareness and Verbal Disclosure for Regulation of Arousal and Anxiety

1992 ◽  
Vol 74 (1) ◽  
pp. 307-320 ◽  
Author(s):  
Stephen R. Scholle
Keyword(s):  
Multivariate Analysis ◽  
Analysis Of Variance ◽  
State Anxiety ◽  
Significant Interaction ◽  
Controlled Study ◽  
Multivariate Analysis Of Variance ◽  
Directed Attention ◽  
Self Talk ◽  
Anxiety Levels

Interactions of attention and verbalization were investigated for effects of self-reported arousal and state-anxiety. Levels of verbalization from silence through talking-without-a-listener to disclosure were compared while self-directed attention was manipulated for sensation versus general thoughts and feelings. Following a stimulus, disclosure of sensations was expected to reduce state anxiety and increase energetic arousal significantly more than disclosure of thoughts. Based on a randomly assigned sample of 120 men, a 3 × 2 × 2 multivariate analysis of variance indicated a significant interaction in the predicted directions. A significant interaction was also found for the 3 × 2 interaction for energetic arousal. For state anxiety means were in the predicted direction. Results indicate that verbalization of sensations is more energizing and calming than silence, while for general thought, silence is more energizing and calming than verbalization. The results suggest efficacy in reframing self-talk to quiet awareness and in communicating sensed distinctions as they emerge.

Extended linear hypotheses and simultaneous tests in multivariate analysis of variance

Biometrika ◽  
1974 ◽  
Vol 61 (3) ◽  
pp. 467-477 ◽  
Author(s):  
G. S. MUDHOLKAR ◽  
M. L. DAVIDSON ◽  
P. SUBBAIAH
Keyword(s):  
Multivariate Analysis ◽  
Analysis Of Variance ◽  
Multivariate Analysis Of Variance

Investigation of Variation in Fatigue Life Calculated Using Damage Fraction

1990 ◽  
Vol 35 (2) ◽  
pp. 35-41
Author(s):  
Clifford T. Gunsallus ◽  
Edward Nagy ◽  
Patrick G. Stennett ◽  
William G. Flannelly
Keyword(s):  
Multivariate Analysis ◽  
Fatigue Life ◽  
Analysis Of Variance ◽  
Multivariate Analysis Of Variance ◽  
Curve Reduction

This paper identifies the leading causes for large variations in the calculated fatigue lives of the hypothetical pitch link experiment of the American Helicopter Society, conducted in cooperation with all U.S. manufacturers of military helicopters. Multivariate Analysis of Variance (MANOVA) is used to show that approximately 85 percent of the variations can be attributed to only two of the five analytical steps involved and the interactions between them. These steps are the method of cycle counting and the amount of S/N curve reduction.

Relationship of Curriculum Area and Course Format with Student Ratings of Instruction

1978 ◽  
Vol 15 (4) ◽  
pp. 483-487 ◽  
Author(s):  
Isaac I. Bejar ◽  
Kenneth O. Doyle
Keyword(s):  
Multivariate Analysis ◽  
Analysis Of Variance ◽  
Significant Relationship ◽  
Student Ratings ◽  
Multivariate Analysis Of Variance ◽  
Student Ratings Of Instruction ◽  
Course Format ◽  
Curriculum Area ◽  
Relationship Of

Multivariate analysis of variance revealed a significant relationship between student ratings and curriculum area but not between ratings and course format. The technical and practical ramifications of these findings are discussed.

Bird distributional patterns support biogeographical histories and are associated with bioclimatic units in the Atlantic Forest, Brazil

Zootaxa ◽  
2017 ◽  
Vol 4337 (2) ◽  
pp. 223 ◽  
Author(s):  
CRISTIANO DE SANTANA CARVALHO ◽  
NAYLA FÁBIA FERREIRA DO NASCIMENTO ◽  
HELDER F. P. DE ARAUJO
Keyword(s):  
Multivariate Analysis ◽  
Atlantic Forest ◽  
Analysis Of Variance ◽  
Forest Birds ◽  
Distributional Pattern ◽  
Parsimony Analysis ◽  
Multivariate Analysis Of Variance ◽  
Distributional Patterns ◽  
Parsimony Analysis Of Endemicity

Rivers as barriers to dispersal and past forest refugia are two of the hypotheses proposed to explain the patterns of biodiversity in the Atlantic Forest. It has recently been shown that possible past refugia correspond to bioclimatically different regions, so we tested whether patterns of shared distribution of bird taxa in the Atlantic Forest are 1) limited by the Doce and São Francisco rivers or 2) associated with the bioclimatically different southern and northeastern regions. We catalogued lists of forest birds from 45 locations, 36 in the Atlantic forest and nine in Amazon, and used parsimony analysis of endemicity to identify groups of shared taxa. We also compared differences between these groups by permutational multivariate analysis of variance and identified the species that best supported the resulting groups. The results showed that the distribution of forest birds is divided into two main regions in the Atlantic Forest, the first with more southern localities and the second with northeastern localities. This distributional pattern is not delimited by riverbanks, but it may be associated with bioclimatic units, surrogated by altitude, that maintain current environmental differences between two main regions on Atlantic Forest and may be related to phylogenetic histories of taxa supporting the two groups. 

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