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How The Most Profitable Companies Operating In Romania Evolved In The Period 2017-2020

Author

Listed:
  • Sorin-George TOMA

    (Faculty of Administration and Business, University of Bucharest, Romania)

  • Catalin GRADINARU

    (Faculty of Administration and Business, University of Bucharest, Romania)

  • Stefan CATANA

    (Faculty of Administration and Business, University of Bucharest, Romania)

Abstract

After the fall of the Berlin Wall, the former East-European communist countries made significant efforts to shift from a centrally planned economic system to a market economic system. The challenge of surpassing their economic backwardness in comparison with the Western countries imposed the design and implementation of several key processes such as privatisation or liberalisation. The objectives of the paper are to briefly define the concepts of company and profit and analyse the evolution of the most profitable companies operating in Romania in the period 2017-2020. To reach these objectives the authors used a quantitative research methodology based on secondary data research. The results of the paper show the existence of strong competition among Romanian and foreign companies for economic supremacy in terms of profit.

Suggested Citation

  • Sorin-George TOMA & Catalin GRADINARU & Stefan CATANA, 2022. "How The Most Profitable Companies Operating In Romania Evolved In The Period 2017-2020," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 7(2), pages 33-40.
    • Handle: RePEc:brc:brccej:v:7:y:2022:i:2:p:33-40
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    References listed on IDEAS

    as
    1. Dragos TOHANEAN & Sorin-George TOMA & Ionel DUMITRU, 2018. "Organizational Performance and Digitalization in Industry 4.0," Journal of Emerging Trends in Marketing and Management, The Bucharest University of Economic Studies, vol. 1(1), pages 282-288, November.
    2. Sorin-George Toma & Paul Marinescu & Catalin Gradinaru, 2017. "Successful Entrepreneurs: Mark Elliot Zuckerberg," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 26(1), pages 157-162, December.
    3. Paul Marinescu & Sorin-George Toma & Gheorghe-Florentin Miulescu & Catalin Gradinaru, 2017. "Entrepreneurship: from education to innovation," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 26(1), pages 146-156, December.
    4. Cătălin Grădinaru & Sorin-George Toma & Ștefan Catană & Gabriela Andrișan, 2020. "A view on transformational leadership: The case of Jeff Bezos," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 31(1), pages 93-100, December.
    5. Ștefan CATANĂ & Cătălin V. GRĂDINARU & Sorin-George I. TOMA, 2020. "Sam Walton, A Visionary Entrepreneur," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 16, pages 113-117, December.
    6. He Yong, 1992. "An Economic Approach to Communist Regimes," Kyklos, Wiley Blackwell, vol. 45(3), pages 393-406, August.
    7. Avner Ben-Ner & J. Michael Montias, 1991. "The Introduction of Markets in a Hypercentralized Economy: The Case of Romania," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 163-170, Fall.
    8. Paul Marinescu & Sorin George Toma & Andreea Seseanu, 2014. "Feminine leadership and organisational culture," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 19(1), pages 144-150, May.
    9. Sorin-George Toma & ?tefan Catana, 2022. "The Evolution Of The Largest Companies Operating In Romania In The Period 2016-2020," Management Strategies Journal, Constantin Brancoveanu University, vol. 56(2), pages 155-162.
    10. Catalin Gradinaru & Sorin-George Toma & Stefan Catana & Zainea Loredana Nicoleta, 2020. "The National Entrepreneurship Context Index In The Period 2018-2020: An Overview," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 222-227, October.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    company; profit; business; Romania;
    All these keywords.

    JEL classification:

    • L29 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Other
    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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