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Evolution of Romanian Management Consulting Firms from Alba County

Adina Elena Dănulețiu
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Adina Elena Dănulețiu: “1st of December 1918†University of Alba Iulia

Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 2, 871-878

Abstract: This paper aims to investigate the factors that have an influence upon the company size of Romanian management consulting from Alba County. In this investigation we made a quantitative analysis using information from financial statement. We use Ordinary Least Squares OLS method with robust standard errors, consistent with panel-specific autocorrelation and heteroskedasticity. Our study is based on a panel database including 151 companies over the period of 5 years ranging from 2015 to 2019. The empirical results reveal that the independent variables (Financial Leverage Ratio, number of employees, age of firms, cash and profit) explains 32,6% of the variation of firm size calculated as sales logarithm.

Keywords: firm size; profit; age of firms; management consulting firms (search for similar items in EconPapers)
JEL-codes: L25 (search for similar items in EconPapers)
Date: 2020
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