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Crisis And The Financial Difficulty Within The Enterprise Framework €“ An Overall View Of Romania

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  • Anisoara APETRI

    (Stefan cel Mare University of Suceava, 720229, Romania)

  • Ancuta-Anisia CHELBA

    (Stefan cel Mare University of Suceava, 720229, Romania)

Abstract

Financial difficulty creates many inconveniences within a company, from blockages in making payments to jeopardizing the company's survival. The purpose of this research paper is to survey the representatives of 120 companies in Romania in order to present the situation regarding the financial difficulty within them, but also the most representative symptoms in the emergence of a crisis within the analyzed companies. The first objective considers the review of specialized literature on the topic of financial difficulty, implicitly presenting the evolution of the number of scientific publications on this topic, and the second objective is focused on the analysis of the companies in the research sample. The results consist in providing an overview of Romanian companies in terms of financial difficulty, as well as highlighting the three most representative symptoms of the existence of a crisis within the company, according to the analysis carried out on the basis of the selected sample.

Suggested Citation

  • Anisoara APETRI & Ancuta-Anisia CHELBA, 2024. "Crisis And The Financial Difficulty Within The Enterprise Framework €“ An Overall View Of Romania," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 12(3), pages 3-11, October.
    • Handle: RePEc:scm:ejafbu:v:12:y:2024:i:3:p:3-11
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    References listed on IDEAS

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    1. Campa, Domenico, 2019. "Earnings management strategies during financial difficulties: A comparison between listed and unlisted French companies," Research in International Business and Finance, Elsevier, vol. 50(C), pages 457-471.
    2. Marek Durica & Jaroslav Frnda & Lucia Svabova, 2019. "Decision tree based model of business failure prediction for Polish companies," Oeconomia Copernicana, Institute of Economic Research, vol. 10(3), pages 453-469, September.
    3. Anisoara APETRI, 2023. "Analysis Of Forms Of Exogenous Financing Accessed By Romanian Companies," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 11(3), pages 164-175, October.
    4. Achbah, Rachid & Vitanova, Ivana & Fréchet, Marc, 2024. "Failure Escape: The role of advice seeking in CEOs’ awareness of financial difficulties and corporate restructuring," Journal of Business Research, Elsevier, vol. 175(C).
    5. Wuryan Andayani & Dalila Daud, 2020. "The effect of corporate governance structure on financial difficulties," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 1803-1818, March.
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