Financial resilience of agricultural and food production companies in Spain: A compositional cluster analysis of the impact of the Ukraine-Russia war (2021-2023)
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arXiv
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| Auteurs principaux: | , |
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| Format: | Preprint |
| Publié: |
2025
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| _version_ | 1866910269683269632 |
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| author | Hernandez-Romero, Mike Coenders, Germà |
| author_facet | Hernandez-Romero, Mike Coenders, Germà |
| contents | This study analyzes the financial resilience of agricultural and food production companies in Spain amid the Ukraine-Russia war using cluster analysis based on financial ratios. This research utilizes centered log-ratios to transform financial ratios for compositional data analysis. The dataset comprises financial information from 1197 firms in Spain's agricultural and food sectors over the period 2021-2023. The analysis reveals distinct clusters of firms with varying financial performance, characterized by metrics of solvency and profitability. The results highlight an increase in resilient firms by 2023, underscoring sectoral adaptation to the conflict's economic challenges. These findings together provide insights for stakeholders and policymakers to improve sectorial stability and strategic planning. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2504_05912 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | Financial resilience of agricultural and food production companies in Spain: A compositional cluster analysis of the impact of the Ukraine-Russia war (2021-2023) Hernandez-Romero, Mike Coenders, Germà Statistical Finance Applications 62H30, 62P20 This study analyzes the financial resilience of agricultural and food production companies in Spain amid the Ukraine-Russia war using cluster analysis based on financial ratios. This research utilizes centered log-ratios to transform financial ratios for compositional data analysis. The dataset comprises financial information from 1197 firms in Spain's agricultural and food sectors over the period 2021-2023. The analysis reveals distinct clusters of firms with varying financial performance, characterized by metrics of solvency and profitability. The results highlight an increase in resilient firms by 2023, underscoring sectoral adaptation to the conflict's economic challenges. These findings together provide insights for stakeholders and policymakers to improve sectorial stability and strategic planning. |
| title | Financial resilience of agricultural and food production companies in Spain: A compositional cluster analysis of the impact of the Ukraine-Russia war (2021-2023) |
| topic | Statistical Finance Applications 62H30, 62P20 |
| url | https://arxiv.org/abs/2504.05912 |