DETERMINANTS OF FIRM PERFORMANCE: EVIDENCE FROM ROMANIAN LISTED COMPANIES

Sebastian Lazar ()
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Sebastian Lazar: Faculty of Economics and Business Administration, University Alexandru Ioan Cuza of Ia?i, Romania

Review of Economic and Business Studies, 2016, issue 17, 53-69

Abstract: The paper investigates firm-specific determinants of firm profitability for Romanian listed companies over the 2000-2011 period within the framework of resource based view of the firm. The results show that tangibles, leverage, size and labour intensity have negative effect on firm performance, while sales growth and value added have a positive effect. The results prove robust when introducing two-way fixed effects model and industry year effects model (in order to simultaneously account for specific industry characteristics and time effects).

Keywords: firm performance; firm-specific determinants (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:aic:revebs:y:2016:j:17:lazars

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