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Empirical Study on the Example of an Economic Entity in Romania About Financial Performance Indicators

Author

Listed:
  • Ilie Răscolean

    (University of PetroÅŸani)

  • Ileana - Sorina Rakos

    (University of PetroÅŸani)

Abstract

Today, the business environment faces many challenges, which have a major impact on the performance of economic entities, financial markets being influenced by vectors of change, such as: fierce competition, high costs, deregulation with not only financial but also social impact , the exchange rate and last but not least, globalization. This study presents the financial and nonfinancial indicators used to measure the performance of a Romanian economic entity, associates the concept of performance - profit, income and expenditure as elements directly related to measuring profit, so performance. It also presents aspects of profitability - a fundamental criterion for assessing the efficiency of the activity of an economic entity. The purpose of this paper is to demonstrate that profitability indicators are particularly important, indicating the effectiveness of an economic entity. This aspect is highlighted by an empirical study, on the example of an economic entity. The article concludes with the author’s conclusion.

Suggested Citation

  • Ilie Răscolean & Ileana - Sorina Rakos, 2020. "Empirical Study on the Example of an Economic Entity in Romania About Financial Performance Indicators," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 484-492, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:484-492
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    References listed on IDEAS

    as
    1. Mariana Man & Maria Ciurea, 2016. "Elements of Corporate Governance Implementation in Romania, in the European Context," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 16(1), pages 151-166.
    2. Erdoğan, Eda Oruç & Erdoğan, Murat & Ömürbek, Vesile, 2015. "Evaluating the Effects of Various Financial Ratios on Company Financial Performance: Application in Borsa İstanbul," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 6(1), pages 35-42, January.
    Full references (including those not matched with items on IDEAS)

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    1. Ilie Răscolean & Ileana-Sorina Rakos, 2016. "Financial Audit in Romania According to the International and European Requirements," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 16(1), pages 219-232.

    More about this item

    Keywords

    economic entity; performance analysis; performance indicators; profitability; value;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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