THE NECESSITY TO STUDY THE RANDOMNESS WITHIN THE FINANCIAL PERFORMANCE MEASUREMENT

Veronica Deac and Elena Hlaciuc
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Veronica Deac: "PETRU MAIOR" UNIVERSITY, TG-MURES, "STEFAN CEL MARE" UNIVERSITY, SUCEAVA
Elena Hlaciuc: "STEFAN CEL MARE" UNIVERSITY, SUCEAVA

Annals - Economy Series, 2014, vol. 4, 22-26

Abstract: The purpose of this paper is to show the necessity of randomness studying (through random variables) in enterprise performance measurement. By performing a fundamental research, we will demonstrate that the presumption of the approach and study the randomness and random variables within enterprise financial performance measurement remains fundamentally required. Both in literature and in the practice environment, a transcendence element in the presentation and measurement of the financial performance is required, as the natural way of manifestation of this phenomenon is a random one. A comparison of the determinism area versus the random one will be performed. The innovation of the study is precisely the original idea to study the performance of the enterprise through the randomness, as well. Surely we are at the beginning of a new direction that might be built through the dedication and perseverance of researcher seager to respond to the most exciting questions concerning this topic and to translate those answers into practice in order to be useful for practitioners.

Keywords: randomness; determinism; random variables; uncertainty; financial performance measurement (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2014:v:4:p:22-26

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