{"id":115564,"date":"2024-01-22T19:31:26","date_gmt":"2024-01-22T18:31:26","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/115564\/"},"modified":"2026-02-17T16:39:20","modified_gmt":"2026-02-17T15:39:20","slug":"moderate-recovery-of-the-cash-flow-margin-projected-for-2010-cash-flow-and-equity-in-austrian-manufacturing","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/115564\/","title":{"rendered":"Moderate Recovery of the Cash-Flow Margin Projected for 2010. Cash Flow and Equity in Austrian Manufacturing"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-115564","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"In 2009, the cash-flow-to-sales ratio in the Austrian manufacturing reached 10.0 percent, a value slightly below that of 2008 and significantly below the long-term average of 11.9 percent. In 2010, real value added in manufacturing rose by 6.9 percent. This initial recovery after the deep slump in 2009 (\u201314.3 percent) appears to have had an effect on the sector's earning power. According to the estimates of a dynamic, panel-econometric model for 22 industries in manufacturing, the cash-flow-to-sales ratio rose in 2010 to 11.6 percent. The 2009 equity ratio value of 37.7 percent corresponded with the average of the European countries under comparison.","onlinedate":"2011-09-07 02:00:00","lang":"English","publication_series":"","publication_date":"20110901","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Cash Flow Austrian Manufacturing Equity Capitalisation\"]","jelcodes":"[]","related_publications":"[]","pdf":441615,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/42491","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"16","monthly_report_pages":"153-162","monthly_report_pages_sort":"153","issue":"3","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3491],"collaboration":"","persons":[3607],"persons_data":"[{\"personId\":3607,\"personName\":\"Werner H\u00f6lzl\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>H\u00f6lzl, W.<\\\/span> (2011). <span>Moderate Recovery of the Cash-Flow Margin Projected for 2010. Cash Flow and Equity in Austrian Manufacturing<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>16<\\\/em>(3), 153-162. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/42491\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/42491<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>H\u00f6lzl W<\\\/span>. <span class=\\\"title\\\"><span>Moderate Recovery of the Cash-Flow Margin Projected for 2010. Cash Flow and Equity in Austrian Manufacturing<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2011 Sept;16(3):153-162.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{85e573e8affa42dc8f0a14a7496481e1,<\\\/div><div>  title    = \\\"Moderate Recovery of the Cash-Flow Margin Projected for 2010. Cash Flow and Equity in Austrian Manufacturing\\\",<\\\/div><div>  abstract = \\\"In 2009, the cash-flow-to-sales ratio in the Austrian manufacturing reached 10.0 percent, a value slightly below that of 2008 and significantly below the long-term average of 11.9 percent. In 2010, real value added in manufacturing rose by 6.9 percent. This initial recovery after the deep slump in 2009 (\u201314.3 percent) appears to have had an effect on the sector's earning power. According to the estimates of a dynamic, panel-econometric model for 22 industries in manufacturing, the cash-flow-to-sales ratio rose in 2010 to 11.6 percent. The 2009 equity ratio value of 37.7 percent corresponded with the average of the European countries under comparison.\\\",<\\\/div><div>  keywords = \\\"Cash Flow Austrian Manufacturing Equity Capitalisation, Cash Flow Austrian Manufacturing Equity Capitalisation\\\",<\\\/div><div>  author   = \\\"Werner H{\\\\\\\"o}lzl\\\",<\\\/div><div>  note     = \\\"Cash Flow and Equity\\\",<\\\/div><div>  year     = \\\"2011\\\",<\\\/div><div>  month    = sep,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"16\\\",<\\\/div><div>  pages    = \\\"153--162\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Moderate Recovery of the Cash-Flow Margin Projected for 2010. Cash Flow and Equity in Austrian Manufacturing<\\\/p><p>AU  - H\u00f6lzl, Werner<\\\/p><p>N1  - Cash Flow and Equity<\\\/p><p>PY  - 2011\\\/9<\\\/p><p>Y1  - 2011\\\/9<\\\/p><p>N2  - In 2009, the cash-flow-to-sales ratio in the Austrian manufacturing reached 10.0 percent, a value slightly below that of 2008 and significantly below the long-term average of 11.9 percent. In 2010, real value added in manufacturing rose by 6.9 percent. This initial recovery after the deep slump in 2009 (\u201314.3 percent) appears to have had an effect on the sector's earning power. According to the estimates of a dynamic, panel-econometric model for 22 industries in manufacturing, the cash-flow-to-sales ratio rose in 2010 to 11.6 percent. The 2009 equity ratio value of 37.7 percent corresponded with the average of the European countries under comparison.<\\\/p><p>AB  - In 2009, the cash-flow-to-sales ratio in the Austrian manufacturing reached 10.0 percent, a value slightly below that of 2008 and significantly below the long-term average of 11.9 percent. In 2010, real value added in manufacturing rose by 6.9 percent. This initial recovery after the deep slump in 2009 (\u201314.3 percent) appears to have had an effect on the sector's earning power. According to the estimates of a dynamic, panel-econometric model for 22 industries in manufacturing, the cash-flow-to-sales ratio rose in 2010 to 11.6 percent. The 2009 equity ratio value of 37.7 percent corresponded with the average of the European countries under comparison.<\\\/p><p>KW  - Cash Flow Austrian Manufacturing Equity Capitalisation<\\\/p><p>KW  - Cash Flow Austrian Manufacturing Equity Capitalisation<\\\/p><p>M3  - WIFO series<\\\/p><p>VL  - 16<\\\/p><p>SP  - 153<\\\/p><p>EP  - 162<\\\/p><p>JO  - Austrian Economic Quarterly<\\\/p><p>JF  - Austrian Economic Quarterly<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Moderate Recovery of the Cash-Flow Margin Projected for 2010. Cash Flow and Equity in Austrian Manufacturing - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/115564\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moderate Recovery of the Cash-Flow Margin Projected for 2010. 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