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A Statistic Financial Analysis and its Purpose in Decision-Making in Touristic Companies under the Present Economic Downturn

Author

Listed:
  • Secara Mirela

    () (“Dimitrie Cantemir” Christian University of Bucharest Faculty of Management Touristic and Commercial Constanta)

  • Nenciu Daniela

    () (“Dimitrie Cantemir” Christian University of Bucharest Faculty of Management Touristic and Commercial Constanta)

Abstract

Worldwide economic downturn has its deep impact on Romania as well, which is not yet a fully developed market economy, but one based on consumption and loan. Consequently, touristic domain has been affected, and it is important and necessary for managers in touristic industry to consider internal and international economic environment of tourism, by using statistic financial analysis to provide explicit financial reference that is also credible, appropriate and comparable at international level to support decision-making in a touristic company.

Suggested Citation

  • Secara Mirela & Nenciu Daniela, 2010. "A Statistic Financial Analysis and its Purpose in Decision-Making in Touristic Companies under the Present Economic Downturn," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 724-726, October.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:2:p:724-726
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    More about this item

    Keywords

    statistic financial analysis; worldwide economic downturn; tourism; qualitative analysis.;

    JEL classification:

    • L8 - Industrial Organization - - Industry Studies: Services
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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