Are small and medium-size food industry firms profitable? Explaining differences in their performance: The case of the Valencia Region

The main aim of this study was to determine the factors that influenced profitability companies involved in Valencia food industry between 2006 and 2015. For this, macroeconomic, sector company variables were key elements used statistical analysis, together with their dependenceon economic cycle indicating present state Valencian Region. panel data obtained from sabi base combined transverse time series. Economic financial are both by certain common factors, especially sales margin. higher margin profit, although relationship also depends on where business company is located. Rotation assets contributes raising profits times expansion. Crisis saw fall 2009 2012, two its worst years. Finally, differences found large small enterprises.