A Statistic Financial Analysis and its Purpose in Decision-Making in Touristic Companies under the Present Economic Downturn

Secara Mirela () and Nenciu Daniela ()
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Secara Mirela: “Dimitrie Cantemir” Christian University of Bucharest Faculty of Management Touristic and Commercial Constanta
Nenciu Daniela: “Dimitrie Cantemir” Christian University of Bucharest Faculty of Management Touristic and Commercial Constanta

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 2, 724-726

Abstract: Worldwide economic downturn has its deep impact on Romania as well, which is not yet a fully developed market economy, but one based on consumption and loan. Consequently, touristic domain has been affected, and it is important and necessary for managers in touristic industry to consider internal and international economic environment of tourism, by using statistic financial analysis to provide explicit financial reference that is also credible, appropriate and comparable at international level to support decision-making in a touristic company.

Keywords: statistic financial analysis; worldwide economic downturn; tourism; qualitative analysis. (search for similar items in EconPapers)
JEL-codes: L8 L83 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:2:p:724-726

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