A Specific Model for Assessing the Financial Performance:Case study on Building Sector Enterprises of Galati County - Romania
Risk in Contemporary Economy, 2011, pages 318-325
In this paper is designed a specific model for assessing the financial performance, based on models of bankruptcy risk, for enterprises acting in the building sector from Galati County - Romania. The main purpose of the paper is designing and development a model for evaluation financial performance that important for ranking enterprises. To choose model variables was used discriminate analysis on 22 variables proposed that separate objectively performant by non-performant enterprises. The proposed model with five variables was tested using the initial sample of enterprises obtaining an average success ratio of 81.82%.
Keywords: risk of bankruptcy; financial model; discriminate analysis; ranking enterprises; financial performance; financial variables (search for similar items in EconPapers)
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Persistent link: http://EconPapers.repec.org/RePEc:ddj:fserec:y:2011:p:318-325
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