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Assessing Financial Equilibrium of the Romanian Companies Traded at Bucharest Stock Exchange

Author

Listed:
  • Adina Elena DaNULETIU
  • Dan Constantin DANULETIU

    (University “1 Decembrie 1918” Alba Iulia)

Abstract

This paper presents a model of financial equilibrium analysis. The model is based on relation between net working capital, necessary of working capital and net treasury of the firm. Based on the Pearson correlation coefficient and rank Spearman correlation coefficient, we have determined the intensity of the connection between the stability level, which is an expression of long term equilibrium, and different financial indicators yearly adjusted. Its applicability on Romanian companies traded at Bucharest Stock Exchange is limited by the insufficient amount of information. The list of indicators related to stability should be completed with some more indicators, such as the added value, the expenses profitableness, the financial result and so on.

Suggested Citation

  • Adina Elena DaNULETIU & Dan Constantin DANULETIU, 2008. "Assessing Financial Equilibrium of the Romanian Companies Traded at Bucharest Stock Exchange," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(36), pages 272-277, May.
    • Handle: RePEc:aio:aucsse:v:1:y:2008:i:11:p:272-277
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    File URL: http://feaa.ucv.ro/AUCSSE/0036v1-016.pdf
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    More about this item

    Keywords

    net assets; net working capital; net working capital required; net treasury; financial rates; stability.;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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