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Financial Reporting Quality and Operational Efficiency in the Coastal Region of Romania

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  • Ionela Munteanu

    (Bucharest University of Economics Studies)

Abstract

Working with large databases and selecting indicators for economic analysis purposes raises several challenges and concerns. This paper provides insights on how the choice of indicators in an analysis of reported financial statements may significantly influence the interpretation of the results. The study investigates a sample that includes indicators reported by a large number of companies in the coastal region of Romania. The rigor and compliance of financial reporting ensure the quality and accuracy of information and are key features for assessing sustainable development. The quantitative analysis and case study observation allowed us to capture divergencies in the evolution of financial indicators caused by nonconformities in the financial statements. This study provides an empirical perspective that can raise awareness of potential biases in financial reporting evaluation. The accuracy of financial data directly influences the soundness of managerial decisions and has a major impact on the economic efficiency strategy of companies.

Suggested Citation

  • Ionela Munteanu, 2020. "Financial Reporting Quality and Operational Efficiency in the Coastal Region of Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 978-984, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:978-984
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    References listed on IDEAS

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    Cited by:

    1. Kamer Ainur AIVAZ, 2021. "Financial Performance Trends and Corporate Responsibility Incentives in a Group of Support Services in Constanța County, Romania," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 52-60.
    2. Alina (Chiriac) Matei & Kamer-Ainur Aivaz, 2023. "Exploratory Analysis of Assets Nonconformities in Financial Statements," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 978-985, August.
    3. Kamer-Ainur AIVAZ, 2021. "Investigating the Impact of Subsidy Revenues on Turnover at the Level of Agriculture, Forestry and Fishing Companies in the Coastal Area of the Black Sea," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 31-38.
    4. Mari-Isabella Stan & Dragos-Florian Vintila, 2021. "An Investigation of the Structure of Fixed Assets of Construction Companies in the Context of Coastal Area Development," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 171-178, August.

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    More about this item

    Keywords

    nonconformity; development; empiric filtering; financial reporting; evaluation;
    All these keywords.

    JEL classification:

    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General

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