IDEAS home Printed from https://ideas.repec.org/a/scm/ejafbu/v13y2025i2p138-147.html

Financial Sustainability Analysis Of Accounting And Audit Firms: Premises For The Development Of Entrepreneurship In The Field

Author

Listed:
  • Simona-Maria BRINZARU

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

  • Rodica AILOAIEI

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

  • Geanina MACIUCA

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

Abstract

Strengthening the financial sustainability of firms has become a pressing necessity in the context of today's challenging, unstable, and uncertain economy, while also opening up new perspectives for entrepreneurship in the field. The main purpose of this paper is to investigate the determining factors that influence the financial sustainability of accounting and audit firms and can contribute to the development of entrepreneurship. To achieve this goal, the following three objectives were set: Identifying the factors that influence financial sustainability and determining the impact of intellectual capital on improving financial sustainability; To assess the financial sustainability of firms in the field analyzed in the current economic context; and To make proposals that can support the sustainable development of accounting entrepreneurship in an unstable economic environment. The research was conducted on a sample of 60 accounting and auditing firms (CAEN code 6920) in the NE region of Romania, collecting data for the period 2012-2022. The results obtained are reflected in the development of an econometric model for assessing the financial sustainability of accounting and financial audit firms, using the SPSS program. The usefulness of the research results lies in identifying solutions for accounting and financial audit firms that can be applied in practice to improve their financial sustainability and provide directions for business development.

Suggested Citation

  • Simona-Maria BRINZARU & Rodica AILOAIEI & Geanina MACIUCA, 2025. "Financial Sustainability Analysis Of Accounting And Audit Firms: Premises For The Development Of Entrepreneurship In The Field," 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. 13(2), pages 138-147, June.
    • Handle: RePEc:scm:ejafbu:v:13:y:2025:i:2:p:138-147
    DOI: 10.4316/EJAFB.2025.13215
    as

    Download full text from publisher

    File URL: http://www.accounting-management.ro/getpdf.php?paperid=38_16
    Download Restriction: no
    File URL: https://libkey.io/10.4316/EJAFB.2025.13215?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Simona-Maria Brînzaru & Veronica Grosu & Sorinel-Toderaș Siretean & Cipriana Mihai & Ioana Andrioaia, 2023. "Assessing The Financial Sustainability Of Energy Sector In Romania Under Crisis Conditions," 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(2), pages 94-99, June.
    2. Juliane Begenau & Juliana Salomao, 2019. "Firm Financing over the Business Cycle," The Review of Financial Studies, Society for Financial Studies, vol. 32(4), pages 1235-1274.
    3. Philipp Haessler, 2020. "Strategic Decisions between Short-Term Profit and Sustainability," Administrative Sciences, MDPI, vol. 10(3), pages 1-31, September.
    4. Dobdinga Cletus Fonchamnyo & Tony Anyangwe & Ndichia Nana Chantal & Gildas Dohba Dinga, 2023. "Capital structure and financial sustainability: stakes of microfinance institutions in Bamenda, Cameroon," Future Business Journal, Springer, vol. 9(1), pages 1-10, December.
    5. Thamir Al Barrak & Kaouther Chebbi & Abdullah A. Aljughaiman & Mohammed Albarrak, 2023. "Exploring the Interplay between Sustainability and Debt Costs in an Emerging Market: Does Financial Distress Matter?," Sustainability, MDPI, vol. 15(12), pages 1-19, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dr. Deogratias Rubera, Ph.D & Prof. Thomas Ngui, Ph.D, 2023. "Assessment of Multiple-Choice Construction Competence Among Public Junior Secondary School Teachers in Edo Central Senatorial District, Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(4), pages 526-544, April.
    2. Tetiana Davydiuk & Scott Richard & Ivan Shaliastovich & Amir Yaron, 2023. "How Risky Are U.S. Corporate Assets?," Journal of Finance, American Finance Association, vol. 78(1), pages 141-208, February.
    3. Darmouni, Olivier & Siani, Kerry Y., 2025. "Bond market stimulus: Firm-level evidence," Journal of Monetary Economics, Elsevier, vol. 151(C).
    4. Lei, Ni & Miao, Qin & Yao, Xin, 2023. "Does the implementation of green credit policy improve the ESG performance of enterprises? Evidence from a quasi-natural experiment in China," Economic Modelling, Elsevier, vol. 127(C).
    5. Karikari Amoa-Gyarteng & Joseph Appiah Coleman & Oyin-Emi Eserifa, 2025. "Financial sustainability and credit risk: evidence from listed banks in Ghana," SN Business & Economics, Springer, vol. 5(7), pages 1-24, July.
    6. Shay Tsaban & Tal Shavit, 2024. "The Agency Problem of the Modern Era – The Conflict Between Shareholders’ and Managers’ Motives to Invest in Happiness," Journal of Happiness Studies, Springer, vol. 25(7), pages 1-18, October.
    7. Isabel-María García-Sánchez & Víctor Amor-Esteban & Alejandra García-Sánchez, 2021. "Different Leaders in a COVID-19 Scenario: CEO Altruism and Generous Discourse," Sustainability, MDPI, vol. 13(7), pages 1-19, March.
    8. Bashir Mikail Usman & Satirenjit Kaur Johl & Parvez Alam Khan, 2025. "Evaluating the Impact of Green Governance on Sustainability Performance in Nigeria's Energy Sector: A Stakeholder Perspective," Business Management and Strategy, Macrothink Institute, vol. 16(1), pages 76-105, June.
    9. Danilo Stojanovic, 2022. "The 2003 Tax Reform and Corporate Payout Policy in the US," CERGE-EI Working Papers wp727, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    10. Muhammad Ramzan & Wee‐Yeap Lau, 2023. "Impact of asset preferences on firm performance over its life cycle: Is agency theory or neo‐classical theory more relevant?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(1), pages 595-607, January.
    11. Denny Irawan & Tatsuyoshi Okimoto, 2021. "Macro uncertainties and tests of capital structure theories across renewable and non-renewable resource companies," CAMA Working Papers 2021-73, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    12. Osorio Iris Maria Velez, 2024. "Exploring the Link between Sustainable Practices and Corporate Performance Across Industries," Business Systems Research, Sciendo, vol. 15(1), pages 158-177.
    13. Grau-Vera, David & Rubio, Gonzalo & Sogorb-Mira, Francisco, 2025. "Time-varying risk aversion and capital Structure: An overlooked effect," International Review of Economics & Finance, Elsevier, vol. 102(C).
    14. Jesse Perla & Carolin Pflueger & Michal Szkup, 2020. "Doubling Down on Debt: Limited Liability as a Financial Friction," NBER Working Papers 27747, National Bureau of Economic Research, Inc.
    15. Charles, Sébastien, 2024. "Does the Eurozone live in a Minskyan world?," Research in Economics, Elsevier, vol. 78(4).
    16. Xu Tian, 2022. "Uncertainty and the Shadow Banking Crisis: Estimates from a Dynamic Model," Management Science, INFORMS, vol. 68(2), pages 1469-1496, February.
    17. Yudi Yang & Fan Yang & Xiajie Yi & Dongwei He, 2025. "How FinTech affects financial sustainability: Evidence from Chinese commercial banks using a three-stage network DEA-Malmquist model," Papers 2511.02608, arXiv.org.
    18. Parra-Domínguez, Javier & Dote-Pardo, Jairo, 2025. "Corporate sustainability and stock market dynamics: What challenges arise for future research?," Innovation and Green Development, Elsevier, vol. 4(5).
    19. Marios Karabarbounis & Patrick Macnamara, 2021. "Misallocation and Financial Frictions: the Role of Long-Term Financing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 44-63, April.
    20. Pesce, Simone & Errico, Marco & Pollio, Luigi, 2025. "Nonlinearities and heterogeneity in firms response to aggregate fluctuations: what can we learn from machine learning?," Working Paper Series 3107, European Central Bank.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:scm:ejafbu:v:13:y:2025:i:2:p:138-147. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Liviu Scutariu The email address of this maintainer does not seem to be valid anymore. Please ask Liviu Scutariu to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/feusvro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.