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Company Financial Diagnosis In CEE Countries

Author

Listed:
  • Petre Brezeanu

    (Academy of Economic Studies, Bucharest, Romania)

  • Cristina Maria Triandafil

    (Academy of Economic Studies, Bucharest, Romania)

  • Cătălin Huidumac

    (Academy of Economic Studies, Bucharest, Romania)

Abstract

This paper focuses on developed versus emerging markets arbitrage in terms of investors’ perception. We first perform a literature review on the topic, highlighting out both disconnection and transmission belt theories. Then we conduct a deep comparative analysis on the East-European corporate versus government spread bonds evolution during the last 10 years, 1997 being precisely the year when Basel II sovereign ceiling requirement was softened. Thus, we are interested especially in the way investors perceived East-European emerging countries afterwards. Conclusions are worthwhile in the context of the actual financial crisis from many perspectives: emerging markets attraction to foreign investors, corporate and sovereign rating interconnectivity for the countries in the sample (Romania, Bulgaria, Poland and Hungary) and corporate finance decision approach within East-European emerging countries.

Suggested Citation

  • Petre Brezeanu & Cristina Maria Triandafil & Cătălin Huidumac, 2010. "Company Financial Diagnosis In CEE Countries," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 10(3), pages 13-24.
    • Handle: RePEc:pet:annals:v:10:y:2010:i:3:p:13-24
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    Citations

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    Cited by:

    1. Mirela Monea, 2013. "Information System of the Financial Analysis," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(2), pages 149-156.
    2. Mirela Monea & Anca Jarmila Guță, 2011. "The Relevance of the Performance Indicators in Economic and Financial Diagnosis," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 11(4), pages 207-214.

    More about this item

    Keywords

    sovereign ceiling; corporate rating; sovereign spreads; emerging;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F30 - International Economics - - International Finance - - - General
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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