%0 Journal Article
%T The Performance of Energy Firms in Greece
%A Economist.Lypitka Melpomeni
%A Prof. Dr. Makrygiannakis Georgios. Prof. Dr. Papadogonas
%A Theodore
%J International Journal of Business and Applied Social Science
%P 1-7
%@ 2469-6501
%D 2019
%R 10.33642/ijbass.v5n8p1
%X In this paper, we investigated empirically the financial performance of energy firms in Greece for the time period 2012-2015 with the use of the well-known  Altman test. The results indicated that all firms in the energy industry are financially distressed and are characterized by lack of liquidity, low productivity and high leverage for the whole time period under examination. This means that there is a clear danger of oligopoly formation in the energy market, with its negative outcomes in prices and energy provision stability. Certain policy measures are needed in order to obtain more sustainable and consumer-friendly results.
%K Financial performance
%K oligopolistic competition
%K Altman test.
%U https://ijbassnet.com/storage/app/publications/5d6a2dc3d466f11567239619.pdf