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

Author

Listed:
  • 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)

Abstract

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
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    More about this item

    Keywords

    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

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