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Firm Financial Performance: An Empirical Investigation on Romanian SMEs

Author

Listed:
  • Ionescu Alexandra

    (“Ovidius” University of Constanta)

  • Horga Maria-Gabriela

    (“Ovidius” University of Constanta)

  • Nancu Dorinela

    (“Ovidius” University of Constanta)

Abstract

Firm's financial performance is reflected by its profit and loss account. Still, all financial statements are needed in order to have a complete view on a firm's financial performance. As a general rule, several financial indicators are calculated in this sense. Hence, it would be of great interest to reduce the number of financial indicators into fewer, more synthetic ones. However, the new indicators should reflect the same information as the first ones. Statistics offers this possibility through factor analysis. The purpose of the present study is to use factor analysis in order to generate a reduced number of relevant indicators that could help in analyzing firm's financial performance. The paper represents a case study on Romanian small and medium enterprises.

Suggested Citation

  • Ionescu Alexandra & Horga Maria-Gabriela & Nancu Dorinela, 2013. "Firm Financial Performance: An Empirical Investigation on Romanian SMEs," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1299-1303, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1299-1303
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    More about this item

    Keywords

    factor analysis; financial performance; principal components.;
    All these keywords.

    JEL classification:

    • C58 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Financial Econometrics

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