THE INFLUENCE OF FINANCIAL POLICIES ON RETURN ON ASSETS RATIO. AN ECONOMETRIC STUDY FOR ROMANIAN MANUFACTURING FIRMS

Mogoseanu Daniela Bianca
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Mogoseanu Daniela Bianca: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2013, vol. 1, issue 41, 197-204

Abstract: In this article we have identified the determinants of the return on assets ratio for the Romanian manufacturing firms over the period 2006 to 2011 using a fixed effects model. More exactly, the independent variables we included are: liquidity ratio; debt ratio; tangibility ratio; return on equity ratio; labour productivity ratio; return on sales ratio; depreciation and amortization ratio; leverage ratio; turnover’s growth rate. Therefore, we have identified the influence of the financial and investment policies on return on assets ratio.

Keywords: return on assets; debt level; efficiency; manufacturing firms; profitability; investment policies (search for similar items in EconPapers)
JEL-codes: C23 G32 L25 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2013:i:41:p:197-204

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