A Study On The Return On Equity For The Romanian Industrial Companies
AbstractIn this paper, a study on a sample of 73 Romanian companies operating in industries was conducted. The survey covered the year 2008 and was based on data extracted from annual financial statements of the companies from the sample. Starting from a number of representative papers in the field, there were identified the influence factors of the return on equity and the quantifiable ones were hold, respectively the operating profit margin, the asset turnover and the financial leverage. These financial rates, together with the return on equity, have been determined for the entire population of enterprises from the sample. Subsequently was tested the statistical correlation between the level of influence factors and the return on equity. The results obtained partially confirmed the hypotheses set when starting the research, but have also denied some of them.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Annals of Computational Economics.
Volume (Year): 2 (2010)
Issue (Month): 38 (May)
return on equity; net profit; equity; operating profit margin; asset turnover; financial leverage;
Find related papers by JEL classification:
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Raluca DRACEA & Mirela CRISTEA & Ionut TOMESCU, 2009. "Empirical analysis of the correlation between fiscality rate-GDP-tax incomes. Romania's case," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(9), pages 202-211, May.
- Raluca Drãcea & Mirela Cristea & Ionut Tomescu, 2009. "Empirical Analysis Concerning the Correlation Fiscality Rate – Tax Incomes in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 8(08(537)), pages 29-40, August.
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