An Econometric Analysis of the Operating Profit of Romanian Companies

Adriana DEACONU ()
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Adriana DEACONU: The Bucharest Academy of Economic Studies, Romania and The Ministry of Public Finances

Journal of Accounting and Management Information Systems, 2011, vol. 10, issue 4, pages 535-546

Abstract: This paper aims to contribute to the empirical literature by employing a panel data model for analysing the connection between operating profit of Romanian companies and the turnover, tangible assets, payrolls, stocks and cash. We find that the companies with a higher turnover recorded better economic results and an increased payroll is associated with a decline in economic performance. Likewise, companies that have the cash and / or tangible assets registered superior performance, while growth in stocks is accompanied by lower economic performance of the companies. Sectorial data confirm these results.

Keywords: panel data model; operating profit; turnover; tangible assets; payrolls; stocks and cash (search for similar items in EconPapers)
JEL-codes: C23 D24 L25 (search for similar items in EconPapers)
Date: 2011
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Persistent link: http://EconPapers.repec.org/RePEc:ami:journl:v:10:y:2011:i:4:p:535-546

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