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The Impact Of The Financial Crisis On The Financial Position Of Companies Listed On Bucharest Stock Exchange

Author

Listed:
  • Marian Siminica
  • Iulia Oana Stefan

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

The financial crisis has strongly eroded the financial standing of a significant number of romanian enterprises.Exception from this fact was made not even by the large companies,listed on Bucharest Stock Exchange, which, due to the contraction of commodity markets and to the limitation of financing access, have registered fluctuations of their financial results.In order to point out the impact of the financial crisis on the financial position of these companies, within the paper we are analysing the financial position ratios (liquidity and solvency ratios,working capital, necessary working capital , net treasury etc.) for a significant number of companies listed on Bucharest Stock Exchange, which activate in several domains (food industry,pharmaceuticals,oil industry etc.). The ratios were calculated based on the data provided by these companies throughout their financial reports,starting from 2007 (before the financial crisis), until the 30 th of June 2012.

Suggested Citation

  • Marian Siminica & Iulia Oana Stefan, 2012. "The Impact Of The Financial Crisis On The Financial Position Of Companies Listed On Bucharest Stock Exchange," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(40), pages 17-30.
    • Handle: RePEc:aio:aucsse:v:3:y:2012:i:40:p:17-30
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    File URL: http://feaa.ucv.ro/AUCSSE/0040v3-002.pdf
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    Citations

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    Cited by:

    1. Miron Vasile-Cristian-Ioachim, 2015. "Financial Position And Its Relevance To Stakeholders," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 356-365, April.
    2. Corici Marian Catalin & Medar Lucian Ion, 2016. "Analysis Methods Of Bankruptcy Risk In Romanian Energy Mining Industry," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 180-185, December.

    More about this item

    Keywords

    financial crisis; commodity market; financial position; listed companies; area of activity;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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