While net profit was affected by cyclicality
in the construction business, earnings before interest, taxes, depreciation and amortization (EBITDA) remained healthy at P4.76 billion, an 8 percent increase from the previous year, propelled by the strong performance of the airport business.
After that, we explain how we study the relationship between seasonality and cyclicality
, and discuss the results.
A decline in real wage rigidity could explain the increase in cyclicality
of the labor force participation rate since 1984, as well as the divergent paths of prime-age and older workers.
is simply part of the industry,'he said.
This article relies on a large international cross-industry data set to study how the presence of short-term financial constraints (henceforth, liquidity constraints) and the degree of product market competition increase or reduce the cyclicality
"A lot of the rationale for thinking about investing in the commodity market is really the cyclicality
of the global economy," Sherman said.
In particular, the Group's concession assets - mature toll roads and water concessions - serve as a buffer against the cyclicality
of the construction and property sectors.
The company said it has amended its agreement to give it more flexibility and to better manage the current cyclicality
of its markets.
Arena and Revilla (2009) test the proposition that differences in the cyclicality
of spending across different states in Brazil depends on a coincidence between the political affiliations of the president and the state government.
On its net loss, Depa said it was an improvement on prior year results as they reflect the seasonal cyclicality
in earnings which are heavily weighted to the second half of the year.
The Austrian school is gaining increasing prominence in the discipline, and if this trend is to continue (something I sincerely hope for) there is no excuse for MacKenzie (2010) to present an article on wage cyclicality
that so conspicuously neglects three decades of research on the subject.
The ratings are further burdened by the company's constrained financial risk profile and its sensitivity to cyclicality
in the segment.