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Crisis Effects On Virtual It Companies

Author

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  • Cristina Romanciuc

    (Babes-Bolyai University of Cluj-Napoca)

  • Robert Coroş

    (Babes-Bolyai University of Cluj-Napoca)

Abstract

Financial crisis has influenced all the economies around the world. Looking back, humanity was faced with same situations. To understand the actual situation it is important to study the history of previous crisis situations. A similar situation happened during the IT crash. Some, even, believe the crash of the dot-com bubble contributed to the actual situation. The biggest capital investment during the bubble years was probably in human capital. The rush for financial success led to a whole generation of young adults immersing themselves in technology. Nevertheless IT has an important influence on nowadays economy this is the reason of the present study. Here will be presented one of the world largest companies in IT and analyzed using few financial methods (comparative statements, ratio analysis, cash flow analysis).

Suggested Citation

  • Cristina Romanciuc & Robert Coroş, 2009. "Crisis Effects On Virtual It Companies," Journal of Information Systems & Operations Management, Romanian-American University, vol. 3(1), pages 233-251, July.
    • Handle: RePEc:rau:jisomg:v:3:y:2009:i:1:p:233-251
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    Keywords

    Financial crisis;

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