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Predicting the Financial Performance of the Building Sector Enterprises -- Case Study of Galati County (Romania)

Author

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  • Radu Stroe

    (Academia de Studii Economice / Facultatea de Finante, Asigurari, Banci si Burse de Valori)

  • Nicoleta Barbuta-Misu

    (Academia de Studii Economice / Facultatea de Finante, Asigurari, Banci si Burse de Valori)

Abstract

This paper predicts the financial performance of the enterprises acting in the building sector in Galati County (Romania). The financial performance was evaluated using the model Conan & Holder of assessing the risk of bankruptcy adjusted to the specificity of the Romanian building sector. This model was achieved using financial data of 11 enterprises acting in this sector in the period 2001-2006 and was tested on the same enterprises for the year 2006 with a success rate of 81.82%. Also, the model was tested on another sample of 10 enterprises, using financial data of 2006, with a rate of success of 77.78%. The aim of this paper is to predict the financial performance of all enterprises used to designing and testing the model, on the base of financial data from the balance sheets of enterprises in the period 2007-2008. The conclusions show the relevance of the adjusted model in forecasting the financial performance and ranking the enterprises by performance; also reflect the evolution of the financial performance registered by the studied enterprises in the actual economic environment.

Suggested Citation

  • Radu Stroe & Nicoleta Barbuta-Misu, 2010. "Predicting the Financial Performance of the Building Sector Enterprises -- Case Study of Galati County (Romania)," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 2(1), pages 029-039, June.
    • Handle: RePEc:rfb:journl:v:02:y:2010:i:1:p:029-039
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    References listed on IDEAS

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    1. Barbuta Misu, Nicoleta, 2009. "Modelling the Financial Performance of the Building Sector Enterprises – The case of ROMANIA," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 195-212, December.
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    Cited by:

    1. Valentin BURCA, 2013. "Bankruptcy Risk in IFRS Era. Case Study on BSE Companies," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 61-70.
    2. Nicoleta Barbuta-Misu, 2012. "Aggregated Index for Modelling the Influence of Financial Variables on Enterprise Performance," EuroEconomica, Danubius University of Galati, issue 2(31), pages 155-165, May.
    3. Brindescu-Olariu Daniel & Golet Ionut, 2013. "Prediction Of Corporate Bankruptcy In Romania Through The Use Of Logistic Regression," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 976-986, July.
    4. Juan Alejandro Gallegos Mardones & Jorge Andrés Moraga Palacios, 2023. "Chilean Universities and Universal Gratuity: Suggestions for a Model to Evaluate the Effects on Financial Vulnerability," Sustainability, MDPI, vol. 15(13), pages 1-21, June.
    5. Nicoleta BARBUTA-MISU, 2011. "A Specific Model for Assessing the Financial Performance:Case study on Building Sector Enterprises of Galati County - Romania," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 318-325.

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