IDEAS home Printed from
   My bibliography  Save this article

The Analysis Of The Correlation Between Financialautonomy And Financial Equilibrium Of Thepharmaceutical Companies Listed On The Buchareststock Exchange


  • Georgiana Daniela Minculete (Piko)

    (‘Lucian Blaga‘ University of Sibiu Romania)

  • Nicolae Baltes

    (‘Lucian Blaga‘ University of Sibiu Romania)

  • Maria Daciana Rodean (Cozma)

    (‘Lucian Blaga‘ University of Sibiu Romania)


In the last years, the phenomena of instability and economic uncertainty haveoccurred more and more frequently in a society undergoing major changes. This aspect has beenparticularly prominent since 2008. With the advent of the economic and financial crisis,unexpected phenomena occurring within organizations have strengthened the idea of a moredetailed analysis of the financial position so as to be able to determine the actual financialstrategies needed by the companies within the analyzed industry. The aim of this article is tohighlight the importance of balance and financial autonomy in the economic entities belonging tothe pharmaceutical industry and listed on the Bucharest Stock Exchange. Our research is basedon an analysis in time of the indicators of balance and financial stability over a period of six years,from 2008 until 2013, in order to draw a correlation between these two types of indicators withthe help of Pearson‘s correlation coefficient.

Suggested Citation

  • Georgiana Daniela Minculete (Piko) & Nicolae Baltes & Maria Daciana Rodean (Cozma), 2014. "The Analysis Of The Correlation Between Financialautonomy And Financial Equilibrium Of Thepharmaceutical Companies Listed On The Buchareststock Exchange," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(16), pages 1-26.
  • Handle: RePEc:alu:journl:v:2:y:2014:i:16:p:26

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    economic and financial crisis; financial position; balance; financial autonomy; Pearson‘scorrelation coefficient;

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alu:journl:v:2:y:2014:i:16:p:26. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dan-Constantin Danuletiu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.