IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2023v4p143-148.html
   My bibliography  Save this article

Analysis Of The Influence Of Financial Equilibrium On The Profitability Of Tourism Companies

Author

Listed:
  • CARLAN (TAMAS) NICOLETA-ADRIANA

    (UNIVERSITATEA LUCIAN BLAGA, SIBIU)

  • POPA DANIELA

    (UNIVERSITATEA LUCIAN BLAGA, SIBIU)

  • DAN NICOLETA

    (UNIVERSITATEA LUCIAN BLAGA, SIBIU)

Abstract

The financing of the activity represents an important part of the company's financial policy. The working capital represents the resources that the company needs to finance its current production activity. Maintaining a balance between working capital and needs is a goal that supports the smooth running of the activity, which suggests that financial balance influences profitability, so the purpose of this paper is to verify this. In this sense, 20 tourism companies listed on the Bucharest Stock Exchange were selected, using a data set for the period 2008-2022, processed through regression analysis. The results obtained indicate a correlation between the net profit margin (dependent variable) and the working capital ratio (independent variable). Also, the dependent variable is explained to the extent of 46.4% by the independent variables.

Suggested Citation

  • Carlan (Tamas) Nicoleta-Adriana & Popa Daniela & Dan Nicoleta, 2023. "Analysis Of The Influence Of Financial Equilibrium On The Profitability Of Tourism Companies," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 143-148, August.
    • Handle: RePEc:cbu:jrnlec:y:2023:v:4:p:143-148
    as

    Download full text from publisher

    File URL: https://www.utgjiu.ro/revista/ec/pdf/2023-04/17_carlan.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2023:v:4:p:143-148. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.