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Analyzing the Correlation and Influence of Asset Management on Financial Balance. Case Study Horeca Sector in Dolj County

Author

Listed:
  • Silviu-Valentin Cârstina

    (University of Craiova)

  • Elena Bonescu

    (University of Craiova)

  • Olimpia Livia Preda Buzgurescu

    (University of Craiova)

Abstract

The research work consists in analyzing the correlation and influence of the indicators that reflect the way in which the company's assets were managed on the financial equilibrium of the economic entities, for example the horeca sector. In order to determine the influence and the correlation it was necessary to determine several indicators, such as in the case of asset management: the speed of rotation of the stocks, the speed of rotation of the receivables, the rotation speed of the circulating assets, the financing of the fixed assets, efficiency in the use of total assets, and in the case of financial balance: financial autonomy rate, financial stability rate and overall solvency. In order to analyze the correlation between the indicators, the Pearson correlation index, determined by statistical program S.P.S.S. After determining the correlation between the indicators, the influence of the asset management indicators on the financial equilibrium indicators was determined, the method used in this respect being the chain substitution method.

Suggested Citation

  • Silviu-Valentin Cârstina & Elena Bonescu & Olimpia Livia Preda Buzgurescu, 2019. "Analyzing the Correlation and Influence of Asset Management on Financial Balance. Case Study Horeca Sector in Dolj County," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 562-569, August.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:1:p:562-569
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    More about this item

    Keywords

    active management; financial equilibrium; correlation;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics

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