IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2014v6p73-77.html

The Profitability And Liquidity Under The Influence Of The Financing Policy In The Metallurgical Industry Of Eu 28

Author

Listed:
  • DOBROTA GABRIELA

    (CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, FACULTY OF ECONOMIC AND BUSSINES ADMINISTRATION)

Abstract

In the context of the problems of the economic system, the use of the capital and his structure represent important elements in the process of the financial decisions. The aim of this paper is to identify the influence of funding policy on rentability in metallurgical industry, dimensioned with the help of a set of relevant indicators, determined on the base of some aggregated data for a significant sample of very large firms from EU 28. Also, the paper present the situation of liquidity, reflected through the cash- flow and liquidity ratio, in the metallurgical industry of EU 28, being used dates for the period 2004 – 2013, for the mentioned sample. The conclusion of the realised study is that a funding policy well-founded, correlated with the efficient management of expenses and proactive risk management can positively influence the profitability and liquidity.

Suggested Citation

  • Dobrota Gabriela, 2014. "The Profitability And Liquidity Under The Influence Of The Financing Policy In The Metallurgical Industry Of Eu 28," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 73-77, December.
    • Handle: RePEc:cbu:jrnlec:y:2014:v:6:p:73-77
    as

    Download full text from publisher

    File URL: http://www.utgjiu.ro/revista/ec/pdf/2014-06/11_Dobrota%20Gabriela.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Joshua Abor, 2005. "The effect of capital structure on profitability: an empirical analysis of listed firms in Ghana," Journal of Risk Finance, Emerald Group Publishing, vol. 6(5), pages 438-445, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Khémiri, Wafa & Noubbigh, Hédi, 2020. "Size-threshold effect in debt-firm performance nexus in the sub-Saharan region: A Panel Smooth Transition Regression approach," The Quarterly Review of Economics and Finance, Elsevier, vol. 76(C), pages 335-344.
    2. ManYing Kang & Marcel Ausloos, 2017. "An Inverse Problem Study: Credit Risk Ratings as a Determinant of Corporate Governance and Capital Structure in Emerging Markets: Evidence from Chinese Listed Companies," Economies, MDPI, vol. 5(4), pages 1-23, November.
    3. Isah Serwadda, 2019. "The Effects of Capital Structure on Banks' Performance, the Ugandan Perspective," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 67(3), pages 853-868.
    4. Massimiliano Cerciello & Francesco Busato & Simone Taddeo, 2023. "The effect of sustainable business practices on profitability. Accounting for strategic disclosure," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(2), pages 802-819, March.
    5. Hapsah S. Mohammad & Imbarine Bujang & Taufik Abd Hakim, 2019. "Capital Structure and Financial Performance of Malaysian Construction Firms," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(12), pages 1306-1319, December.
    6. Jana STEKLA & Marta GRYCOVA, 2016. "The relationship between profitability and capital structure of the agricultural holdings in the Czech Republic," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 62(9), pages 421-428.
    7. Steklá, Jana & Gryčová, M. & Homolka, J., . "Evaluation of Capital Structure of Agricultural Cooperatives," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 7(3), pages 1-12.
    8. Leo Vashkor Dewri, 2022. "A Critical Assessment of Interrelationship Among Corporate Governance, Financial Performance, Refined Economic Value Added to Measure Firm Value and Return on Stock," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 2718-2759, December.
    9. Krishna Dayal Pandey & Tarak Nath Sahu, 2019. "Debt Financing, Agency Cost and Firm Performance: Evidence from India," Vision, , vol. 23(3), pages 267-274, September.
    10. Marco Muscettola & Francesco Naccarato, 2016. "The Casual Relationship Between Debt and Profitability: The Case of Italy," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 2(1), pages 17-32, January.
    11. Vo, Xuan Vinh & Ellis, Craig, 2017. "An empirical investigation of capital structure and firm value in Vietnam," Finance Research Letters, Elsevier, vol. 22(C), pages 90-94.
    12. Philip Arthur, 2019. "Effects of Capital Structure on Profitability of the Manufacturing Industry: Testing the Fixed and Random Effect Model on Selected Firms in Ghana," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 9(2), pages 204-219, December.
    13. Diby François Kassi & Dilesha Nawadali Rathnayake & Pierre Axel Louembe & Ning Ding, 2019. "Market Risk and Financial Performance of Non-Financial Companies Listed on the Moroccan Stock Exchange," Risks, MDPI, vol. 7(1), pages 1-29, February.
    14. Alhassan Musah & Erasmus Dodzi Gakpetor & Portia Pomaa, 2018. "Financial Management Practices, Firm Growth and Profitability of Small and Medium Scale Enterprises (SMEs)," Information Management and Business Review, AMH International, vol. 10(3), pages 25-37.
    15. Kristi Dashi, 2018. "Financial Profitability of Firms and its Determining Factors. (Case of the trade sector, Vlore region, Albania)," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 14(4), pages 619-630, AUGUST.
    16. Dariusz Kusz & Iwona Bąk & Beata Szczecińska & Ludwik Wicki & Bożena Kusz, 2022. "Determinants of Return-on-Equity (ROE) of Biogas Plants Operating in Poland," Energies, MDPI, vol. 16(1), pages 1-22, December.
    17. Waqas Rasool & Farheen Kayani & Mohsin Zafar, 2011. "The Impact of Leverage Levels on Firm’s Performance and Profitability: a case of Pakistani Industries," Information Management and Business Review, AMH International, vol. 3(5), pages 242-249.
    18. Demircioğlu, Emre, 2014. "Organization performance and happiness in the context of leadership behavior (case study base on psychological well-beings)," MPRA Paper 61484, University Library of Munich, Germany.
    19. Jason Stephen Kasozi, 2018. "Capital Structure and The Profitability of Listed Retail Firms," Journal of Economics and Behavioral Studies, AMH International, vol. 10(1), pages 171-181.
    20. Suzan Dsouza & Krishnamoorthy Kathavarayan & Franklin Mathias & Dharmesh Bhatia & Abdallah AlKhawaja, 2025. "Leveraging Success: The Hidden Peak in Debt and Firm Performance," Econometrics, MDPI, vol. 13(2), pages 1-22, June.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    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:cbu:jrnlec:y:2014:v:6:p:73-77. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.