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A regional approach of financial performance- evidence from Romania

Author

Listed:
  • Laura Brad

    () (Bucharest University of Economic Studies)

  • Florin Dobre

    () (Bucharest University of Economic Studies)

  • Radu Ciobanu

    () (Bucharest University of Economic Studie)

Abstract

Regional financial performance could influence the attitude of shareholders and of the investors. It is important as it provides information about the entities that act in the area and about the factors, qualitative: like auditor type or quantitative such as individual financial elements that have an impact upon financial performance. Using different approaches for financial measures, a panel research was conducted upon the entities listed on Bucharest Stock of Exchange that have to apply as compulsory the International Financial Reporting Standards accounting regime. The results provide mix evidence: in some geographical regions (North East and South West) there is indeed a higher financial performance upon return on assets and upon cash flow indicator (North East variable), while in other regions (Central region and Bucharest Ilfov region) a lower financial performance is obtained (for cash flow indicator and return on assets).

Suggested Citation

  • Laura Brad & Florin Dobre & Radu Ciobanu, 2014. "A regional approach of financial performance- evidence from Romania," Proceedings of International Academic Conferences 0702573, International Institute of Social and Economic Sciences.
  • Handle: RePEc:sek:iacpro:0702573
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    File URL: http://iises.net/proceedings/12th-international-academic-conference-prague/table-of-content/detail?cid=7&iid=22&rid=2573
    File Function: First version, 2014
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    References listed on IDEAS

    as
    1. Hausman, Jerry, 2015. "Specification tests in econometrics," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 38(2), pages 112-134.
    2. Hassan, M. Kabir & Sanchez, Benito & Yu, Jung-Suk, 2011. "Financial development and economic growth: New evidence from panel data," The Quarterly Review of Economics and Finance, Elsevier, vol. 51(1), pages 88-104, February.
    3. Larisa APARASCHIVEI, 2012. "Analysis of the Romanian employment rate. A panel data approach," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(7(572)), pages 13-24, July.
    4. Chilian, Mihaela Nona, 2012. "Evolution of Regional and Sub-Regional Disparities in Romania – A Sectoral Shift-Share Analysis," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 187-204, March.
    5. Landsman, Wayne R. & Maydew, Edward L. & Thornock, Jacob R., 2012. "The information content of annual earnings announcements and mandatory adoption of IFRS," Journal of Accounting and Economics, Elsevier, vol. 53(1), pages 34-54.
    6. Joris Knoben & Leon Oerlemans, 2005. "The effects of firm relocation on firm performance - A literature review," ERSA conference papers ersa05p324, European Regional Science Association.
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    Cited by:

    1. Sebastian Mãdãlin MUNTEANU, 2015. "Corporate Support for Sport and Organisational Performance. Case Study for Companies in Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(1), pages 101-111, March.

    More about this item

    Keywords

    financial performance; Romania; International Financial Reporting Standards; panel; fixed effect; audit; regional analysis; return on equity; return on assets; cash flow from operation;

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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