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Entrepreneurial Risk And Performance: Empirical Evidence Of Romanian Agricultural Holdings

Author

Listed:
  • Camelia Burja

    (‘1 Decembrie 1918‘ University Alba Iulia Romania)

  • Vasile Burja

    (‘1 Decembrie 1918‘ University Alba Iulia Romania)

Abstract

The paper analyses some performance aspects in the significant holdings of Romaniaagriculture sector. Using the financial analysis tools and information provisioned by the statisticalsupport of companies, we intended to identify the changes manifested in their economic financialenvironment and the possibility of risk manifestation in agricultural holdings‘ activity. The resultsof the empirical case study made on selection of holdings listed in Bucharest Stock Exchange in theperiod 2007-2012 indicates that in the last years only a few holdings are in healthy zone, some ofthem have low performance indicators and a less safer financial position and the others presententrepreneurial risk. It can be considered that in agriculture sector among the internal factors ofeconomic financial risk decrease are: investments, a better management of financing sources,equilibrium in financial flows and efficient use of resources.

Suggested Citation

  • Camelia Burja & Vasile Burja, 2013. "Entrepreneurial Risk And Performance: Empirical Evidence Of Romanian Agricultural Holdings," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(15), pages 1-21.
  • Handle: RePEc:alu:journl:v:2:y:2013:i:15:p:21
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1520132/21.pdf
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    References listed on IDEAS

    as
    1. Wald, John K, 1999. "How Firm Characteristics Affect Capital Structure: An International Comparison," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 22(2), pages 161-187, Summer.
    2. Altman, Edward I. & Haldeman, Robert G. & Narayanan, P., 1977. "ZETATM analysis A new model to identify bankruptcy risk of corporations," Journal of Banking & Finance, Elsevier, vol. 1(1), pages 29-54, June.
    3. Edward I. Altman, 1968. "Financial Ratios, Discriminant Analysis And The Prediction Of Corporate Bankruptcy," Journal of Finance, American Finance Association, vol. 23(4), pages 589-609, September.
    4. Gallizo, Jose L. & Salvador, Manuel, 2003. "Understanding the behavior of financial ratios: the adjustment process," Journal of Economics and Business, Elsevier, vol. 55(3), pages 267-283.
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    Cited by:

    1. repec:cbu:jrnlec:y:2017:v:3:p:75-82 is not listed on IDEAS
    2. repec:gam:jijfss:v:6:y:2018:i:3:p:60-:d:153935 is not listed on IDEAS

    More about this item

    Keywords

    economic performance; bankruptcy risk; agricultural holdings; financial ratios;

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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