Financial position of building industry in Hajdú-Bihar County (E Hungary) in the period of 2008–2012: Regional sectoral analysis based on economic performance ratios
Abstract In this study the financial situation of leading Hungarian construction companies in Hajdu-Bihar County is analysed for the period of the economic crisis. The target group is determined by the amount of share capital and sales, thus it contains the most relevant regional companies. Their main activity is residential and non-residential building construction. The most significant purpose of the research is to analyse the changes of the comparative financial situation of these companies. Moreover, I specify the main characteristics of the regional sector, and determine the competitive advantages of the companies. The research method is based on annual financial reports. In order to evaluate the performance of the examined companies I use financial ratios concerning liquidity, efficiency, and profitability situation. At the end of the study I summarize conclusions and identify the most important consequences regarding the changing financial position of competitors.