Abstract
The purpose of this research is to examine the synergy of business theory and practice by a comparative financial analysis of six leading Greek companies in the pharmaceutical industry, during 2000–2016. Analysis of financial ratios is conducted and its objectives are to present the historical evolution of the recent financial indices, to forecast the indicators’ values and finally to forecast the bankruptcy possibility. Findings show the negative impact of the prolonged and widespread economic crisis in several ratios, such as liquidity, performance, profitability and valuation. Forecasts of ratio values seem to be closely related to their historical values. Ultimately, the sustainability study and the bankruptcy assessment showed that the examined companies were classified, in the intermediate grey zone, which is located between the healthy and the bankrupt zone.
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Dengleri, K., Lois, P., Thrassou, A., Repousis, S. (2019). Industry Application of Assessment and Forecasting Theories Through Comparative Financial Analysis: The Case of Greek Pharmaceutical Industries Under Crisis Conditions. In: Thrassou, A., Vrontis, D., Weber, Y., Shams, S.M.R., Tsoukatos, E. (eds) The Synergy of Business Theory and Practice. Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-17523-8_8
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