Development of financial performance of food retailers as an
attribute behind the increase of food insecurity in selected
Central and Eastern European Countries

J 2023

Development of financial performance of food retailers as an attribute behind the increase of food insecurity in selected Central and Eastern European Countries

DUBANYCH, Oksana; Jan VAVŘINA a Josef POLÁK

Základní údaje

Originální název

Development of financial performance of food retailers as an attribute behind the increase of food insecurity in selected Central and Eastern European Countries

Autoři

DUBANYCH, Oksana; Jan VAVŘINA a Josef POLÁK (203 Česká republika, domácí)

Vydání

Investment Management and Financial Innovations, 2023, 1810-4967

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50204 Business and management

Stát vydavatele

Ukrajina

Utajení

není předmětem státního či obchodního tajemství

Odkazy

Web časopisu s odkazem na článek

Organizační jednotka

AMBIS vysoká škola, a.s.

DOI

https://doi.org/10.21511/imfi.20(4).2023.33

EID Scopus

2-s2.0-85180523850

Klíčová slova anglicky

food retail chains;business financial performance;food poverty;foodstuff market distortions

Štítky

RIV_2023

Změněno: 12. 3. 2024 16:27, Ing. Kateřina Lendrová

Anotace

V originále

Food insecurity is not a new phenomenon even in leading European economies, but this complex problem area is facing new global challenges. This article traces the research gap in addressing food insecurity by focusing on the role of food retail chains in the former “Eastern Bloc” in light of unprecedented food price inflation and the resulting scale of demand for the services of food banks. Through empirical analysis of secondary financial corporate data, a low level of their profitability in the period of 2011–2019 was revealed, which preceded the synchronicity of two unexpected global economic downturns. Specifically, Return on Sales for food retailers located in the Czech Republic and Hungary was generally below 2%, offset by higher Total Asset Turnover figures, consistent with the need to extend the volume of goods for sale. Development in profitability in selected newer EU member states is just as significantly similar to the situation in Ukraine. The mutual interaction of factors of economic size and the country of residence of business was analyzed regarding a possible influence on their financial performance. This study concluded that the presence of unresolved market distortions can both lead to increased food insecurity and, paradoxically, contribute to increased food waste.

Citovat

DUBANYCH, Oksana; Jan VAVŘINA a Josef POLÁK. Development of financial performance of food retailers as an attribute behind the increase of food insecurity in selected Central and Eastern European Countries. Investment Management and Financial Innovations. 2023, roč. 20, č. 4, s. 416-433. ISSN 1810-4967. Dostupné z: https://doi.org/10.21511/imfi.20(4).2023.33.

@article{490921,
   author = {Dubanych, Oksana and Vavřina, Jan and Polák, Josef},
   article_number = {4},
   doi = {https://doi.org/10.21511/imfi.20(4).2023.33},
   keywords = {food retail chains;business financial performance;food poverty;foodstuff market distortions},
   language = {eng},
   issn = {1810-4967},
   journal = {Investment Management and Financial Innovations},
   title = {Development of financial performance of food retailers as an attribute behind the increase of food insecurity in selected Central and Eastern European Countries},
   url = {http://dx.doi.org/10.21511/imfi.20(4).2023.33},
   volume = {20},
   year = {2023}
}

TY  - JOUR
ID  - 490921
AU  - Dubanych, Oksana - Vavřina, Jan - Polák, Josef
PY  - 2023
TI  - Development of financial performance of food retailers as an attribute behind the increase of food insecurity in selected Central and Eastern European Countries
JF  - Investment Management and Financial Innovations
VL  - 20
IS  - 4
SP  - 416-433
EP  - 416-433
SN  - 18104967
KW  - food retail chains;business financial performance;food poverty;foodstuff market distortions
UR  - http://dx.doi.org/10.21511/imfi.20(4).2023.33
N2  - Food insecurity is not a new phenomenon even in leading European economies, but this complex problem area is facing new global challenges. This article traces the research gap in addressing food insecurity by focusing on the role of food retail chains in the former “Eastern Bloc” in light of unprecedented food price inflation and the resulting scale of demand for the services of food banks. Through empirical analysis of secondary financial corporate data, a low level of their profitability in the period of 2011–2019 was revealed, which preceded the synchronicity of two unexpected global economic downturns. Specifically, Return on Sales for food retailers located in the Czech Republic and Hungary was generally below 2%, offset by higher Total Asset Turnover figures, consistent with the need to extend the volume of goods for sale. Development in profitability in selected newer EU member states is just as significantly similar to the situation in Ukraine. The mutual interaction of factors of economic size and the country of residence of business was analyzed regarding a possible influence on their financial performance. This study concluded that the presence of unresolved market distortions can both lead to increased food insecurity and, paradoxically, contribute to increased food waste.
ER  -

DUBANYCH, Oksana; Jan VAVŘINA a Josef POLÁK. Development of financial performance of food retailers as an attribute behind the increase of food insecurity in selected Central and Eastern European Countries. \textit{Investment Management and Financial Innovations}. 2023, roč.~20, č.~4, s.~416-433. ISSN~1810-4967. Dostupné z: https://doi.org/10.21511/imfi.20(4).2023.33.

Přehled o publikaci