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Analysis Of The Financial Performance Of The Companies Operating In The Software Industry Located In Romania, Hungary And Czech Republic In The Period Of 2019-2023

Author

Listed:
  • Laurențiu DROJ

    (University of Oradea, Faculty of Economic Sciences, Oradea, Romania)

  • Doroteea Andreea SURLEA

    (University of Oradea, Faculty of Economic Sciences, Oradea, Romania)

  • Bogdan Cosmin MOLDOVAN

    (University of Oradea, Faculty of Economic Sciences, Oradea, Romania)

  • Alexandru-Daniel MADA

    (University of Oradea, Faculty of Economic Sciences, Oradea, Romania)

Abstract

The software industry is considered to be one of the fastest growing economic sectors in the last decade, especially in the Central and Eastern Europe. Its importance is highlighted by the numerous studies published in the specialized literature, however very few studies were focused on the evolution of the financial indicators of the companies operating in the field. In order to bring a novel approach regarding the performance of the software companies, the current study is focused on analyzing the evolution of financial indicators of the main companies operating in the software industry in 3 Central and Eastern European countries: Czech Republic, Hungary, and Romania. The current article will take into consideration the financial information provided by the financial reporting data for the years 2019-2023, for a number of 320 companies. The raw data was collected from EMIS University database and processed by the authors. For each of the companies’ specific financial data was selected and processed, such as: operating revenue, total assets, total equity and specific indicators were extracted: Return on Equity (ROE), Return of Assets (ROA), Solvency, Liquidity, Leverage, Altman Z-score.

Suggested Citation

  • Laurențiu DROJ & Doroteea Andreea SURLEA & Bogdan Cosmin MOLDOVAN & Alexandru-Daniel MADA, 2025. "Analysis Of The Financial Performance Of The Companies Operating In The Software Industry Located In Romania, Hungary And Czech Republic In The Period Of 2019-2023," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 34(1), pages 252-262, July.
    • Handle: RePEc:ora:journl:v:34:y:2025:i:1:p:252-262
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    References listed on IDEAS

    as
    1. Herman Belgraver & Ernst Verwaal, 2018. "Organizational capital, production factor resources, and relative firm size in strategic equity alliances," Small Business Economics, Springer, vol. 50(4), pages 825-849, April.
    2. Ge, Chunmian & Huang, Ke-Wei & Kankanhalli, Atreyi, 2020. "Platform skills and the value of new hires in the software industry," Research Policy, Elsevier, vol. 49(1).
    3. Kofi Mintah Oware & Thathaiah Mallikarjunappa, 2021. "Does Technological Innovation Compete or Complement Job Employment? Effect of Technological Innovation and Financial Performance," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 64(4), pages 899-922, December.
    4. Foo See Liang & Shaakalya Pathak, 2018. "Financial Health & Corporate Performance: A Comparison of Manufacturing Companies in China," Journal of Asian Development, Macrothink Institute, vol. 4(2), pages 123-132, November.
    5. Jarle Aarstad & Olav Andreas Kvitastein, 2023. "Effect of Long-Term Absenteeism on the Operating Revenues, Productivity, and Employment of Enterprises," Administrative Sciences, MDPI, vol. 13(6), pages 1-10, June.
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    Keywords

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    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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