Η χρηματοδότηση των επιχειρήσεων κατά την περίοδο της κρίσης
The recent economic crisis has affected the corporate firms and cause restriction to their financing ability. Greek companies face an inability to raise long-term debt during the crisis and therefore they focus on alternative financing resources such as on short debt. Empirical results show that during the crisis the capital structure of Greek listed companies governed both from pecking-order and trade-off theory. The purpose of this thesis is to investigate the corporate finance policies of three selected firms from the supermarket industry sector, during the period 2009-2016. The results indicate that at the begging of the economic crisis (2009-2010) the companies had extremely low liquidity ratios and receivables turnover ratio. However, during the post-crisis period, the firms reduced its leverage long-term ratios but maintained its high shot-term debt ratios. Ultimately, despite the existence of positive profit margins, the most satisfactory ROA ratio was presented by AB Vasilopoulos company and the most satisfactory ROE ratio was presented by Masoutis company.