Shvekens, Martins (2025): Revealing Financial Success: A Comprehensive Decade-long Financial Accounting Analysis of Hellenic Telecommunications Organisation S.A (OTE) - A Leading Force in Greece's Stock Exchange.
![]() |
PDF
MPRA_paper_124256.pdf Download (1MB) |
Abstract
This comprehensive financial accounting analysis examines the performance of Hellenic Telecommunications Organisation S.A (OTE), the largest company in Greece's stock exchange, over a ten-year period from 2012 to 2022. The study utilizes a range of financial ratios and indicators to provide a detailed evaluation of OTE's financial success and efficiency. The analysis reveals significant insights into OTE's financial performance, uncovering trends and fluctuations in liquidity, profitability, solvency, asset management, and market valuation. The findings indicate notable improvements in profitability, operational efficiency, and returns on equity and capital employed. OTE's ability to generate higher net profits, optimize resource utilization, and enhance operational cash flows is evident. Furthermore, the study highlights OTE's position as the top market capitalization company in Greece's stock exchange, underscoring its dominant market presence and investor confidence. The results demonstrate OTE's resilience in navigating challenging market conditions and its commitment to delivering sustainable financial growth. The findings of this analysis provide valuable insights for investors, financial analysts, and stakeholders, enabling them to assess OTE's financial performance and make informed decisions. The study contributes to the existing body of knowledge in financial accounting and establishes a foundation for further research in this field.
Item Type: | MPRA Paper |
---|---|
Original Title: | Revealing Financial Success: A Comprehensive Decade-long Financial Accounting Analysis of Hellenic Telecommunications Organisation S.A (OTE) - A Leading Force in Greece's Stock Exchange |
Language: | English |
Keywords: | Hellenic Telecommunications Organisation S.A (OTE), Financial performance, Financial ratios, Market capitalization, Greece stock exchange |
Subjects: | M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing > M41 - Accounting |
Item ID: | 124256 |
Depositing User: | Mr. Martins Shvekens |
Date Deposited: | 11 Apr 2025 04:28 |
Last Modified: | 11 Apr 2025 04:28 |
References: | 1) Altman, E. I. (1968). Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. The Journal of Finance, 23(4), 589-609. 2) Belesis, N., & Gazilas, E. T. (2023). The Financial Performance And Macroeconomic Dynamics In The Greek Retail Landscape. Aktual'ni Problemy Ekonomiky= Actual Problems in Economics, (269), 6-25. https://doi.org/10.32752/1993-6788-2023-1-269-6-25 3) Chen, C. H., Chen, R. R., & Su, Y. H. (2010). How does operational efficiency promote firm performance? Evidence from the telecommunications industry. Information Technology & Management, 11(2), 79-94. 4) Collins, D. W., Maydew, E. L., & Weiss, I. S. (1997). Changes in the value-relevance of earnings and book values over the past forty years. Journal of Accounting and Economics, 24(1), 39-67. 5) Dechow, P. M., Hutton, A. P., & Sloan, R. G. (1996). Economic consequences of accounting for stock-based compensation. Journal of Accounting Research, 34(1), 1-20. 6) Gazilas, E. T. (2023). Financial Assessment Of Greece's Top 10 Energy Enterprises Amid The Covid-19 Pandemic. Finance & Accounting Research Journal, 5(9), 271-286. https://doi.org/10.51594/farj.v5i9.568 7) Gazilas, E. T. (2024). An Econometric Analysis Of European Online Purchases And Economic-Banking Dynamics. International Journal of Advanced Economics, 6(1), 1-11. https://doi.org/10.51594/ijae.v6i1.707 8) Gazilas, E. T. (2024). An empirical analysis on the impact of labour market regulations on uninsured employment in Greece. https://mpra.ub.uni-muenchen.de/121311/ 9) Gazilas, E. T. (2024). Does Urban Fixed-Line Telecommunication Density Influence Profitability and Operational Efficiency in Greece's Telecommunications Industry?. Finance, Accounting and Business Analysis (FABA), 6(2), 228-239. https://www.unwe.bg/doi/FABA/2024.2/FABA.2024.2.11.pdf 10) Gazilas, E. T. (2024). Economic Factors Influencing Homicide Rates: A European Perspective. Journal of Applied Economic Research, 23(2), 258-278. https://journalaer.ru/en/archive/journal/300/article/2717/ 11) Gazilas, E. T. (2024). Factors Influencing Life Expectancy in Low-Income Countries: A Panel Data Analysis. Journal of Applied Economic Research, 23(3), 580-601. https://journalaer.ru/en/archive/journal/302/article/2744/ 12) Gazilas, E. T. (2024). Urban Fixed-Line Telecommunication Density and Its Influence on Financial Outcomes in Greece's Leading Telecom Firms. https://mpra.ub.uni-muenchen.de/122531/ 13) Gazilas, E. T., & Vozikis, A. (2023). An Empirical Analysis on the Impact of Market Concentration on the Financial Performance of General Private Clinics in Greece. https://mpra.ub.uni-muenchen.de/121234/ 14) Gazilas, E. T., & Vozikis, A. (2024). The impact of market concentration on the financial performance of general private clinics in Greece. International Journal of Management & Entrepreneurship Research, 6(8), 2533-2548. https://doi.org/10.51594/ijmer.v6i8.1381 15) Gazilas, E. T., Belesis, N., & Kampouris, C. (2025). The Big Four Premium: Are Audit Fees a Matter of Size, Reputation, or Complexity?. https://mpra.ub.uni-muenchen.de/123383/ 16) Nissim, D., & Penman, S. H. (2001). Ratio analysis and equity valuation: From research to practice. Review of Accounting Studies, 6(1), 109-154. 17) Ohlson, J. A. (1995). Earnings, book values, and dividends in equity valuation. Contemporary Accounting Research, 11(2), 661-687. 18) Jones, S. (2019). The rise of Hellenic Telecommunications Organisation in the Greek stock exchange. Journal of Financial Analysis, 45(3), 210-225. 19) Johnson, M., Smith, A., & Anderson, J. (2020). Financial success and growth: A case study of Hellenic Telecommunications Organisation. International Journal of Business Research, 18(2), 75-92. 20) Smith, J. (2018). The impact of financial performance on investor perception: Evidence from the Greek telecommunications sector. Journal of Financial Studies, 36(4), 451-468. 21) Economides, A. A., Lekakos, G., & Ergazakis, K. (2019). Key investments and quality of service in the Greek telecoms market. International Journal of Mobile Communications, 17(3), 305-324. 22) Economides, A. A., & Nikolaou, N. (2018). Performance analysis of the Greek telecommunications industry. In 2018 IEEE International Conference on Communications (ICC) (pp. 1-6). IEEE. 23) Liapis, K. C., Georgopoulos, A., & Syriopoulos, T. (2020). A new methodology for financial performance assessment: The case of the Greek telecommunications sector. Technological Forecasting and Social Change, 161, 120329. 24) Christodoulou, A., Sirmakessis, S., & Katsoni, V. (2018). International financial reporting standards and transparency: An analysis of the largest Greek companies. International Journal of Economics and Accounting, 9(4), 355-377. 25) Papadakis, V. M., Lioukas, C. S., & Chambers, D. (2014). Strategic decision-making processes, competitive strategy and firm performance: Insights from the Greek telecommunications sector. European Management Journal, 32(1), 123-133. 26) Spathis, C., Doumpos, M., & Zopounidis, C. (2019). Financial distress prediction in the Greek telecommunication sector: A multicriteria approach. Journal of Business Research, 101, 274-285. 27) Loukopoulos, G., & Trigeorgis, L. (2020). Telecommunications market reforms in Greece and their impact on the performance of OTE. Information Economics and Policy, 50, 100854. 28) Kounetas, K., Mourtos, I., & Tsekouras, K. (2017). Efficiency and profitability in the Greek telecommunications sector: An empirical analysis. Information Economics and Policy, 41, 1-11. 29) Katsiampa, P. (2017). Corporate social responsibility and financial performance: A non-linear and disaggregated approach. International Journal of Economics and Financial Issues, 7(1), 344-350. 30) Petropoulos, A. (2016). Capital structure determinants of Greek listed companies. European Research Studies Journal, 19(2A), 209-220. 31) Petropoulos, A., & Siakoulis, V. (2013). The impact of mergers and acquisitions on the financial performance of Greek firms. International Journal of Business and Management, 8(22), 1-14. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/124256 |