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Abstract
Psychology and Psychotherapy: Research Study
Impact of 2008 Recession on Consumer Discretionary Sector
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Open or CloseAtasi Basu*
Department of Business and Economics, USA
*Corresponding author: Atasi Basu, Department of Business and Economics, USA
Submission: January 16, 2020;Published: January 27, 2020
Abstract
I examine the effect of the 2008 economic recession on the current assets, sales, COGS, and day’s sales of companies in consumer discretionary sector. The study focuses on 19 companies in the consumer discretionary sector selected from S&P 500. The study finds similar effects of recession on different groups of companies except for day’s sales. The companies are grouped with the same four-digit SIC codes within the consumer discretionary sector. All groups show increased sales, inventory, COGS, and current assets after recession. Interestingly, some groups show faster day’s sales after recession and some show slowdown in the consumer discretionary sector.
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