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THE REAL ESTATE RECESSION AND THE PERFORMANCES OF FIRMS IN ROMANIAN CONSTRUCTION INDUSTRY

Mihaela Diana Oancea-Negescu and Adrian Anica-Popa
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Mihaela Diana Oancea-Negescu: Bucarest Academy of Economic Studies
Adrian Anica-Popa: Bucarest Academy of Economic Studies

Theoretical and Applied Economics, 2009, vol. 05(534)(supplement), issue 05(534)(supplement), 188-199

Abstract: In the last years, the real estate developers, the firms that offer construction materials and the construction firms have experienced a spectacular development with considerable profits. The present study aims to identify the correlations between the economic conjecture identified at national and international level and the performances of the companies in construction industry. The unfavorable effects of the economic crisis on the construction industry, on the main indicators that reflect the viability of the company were emphasized. Based on the studies that were made, several conclusions were formulated, regarding the influences of the slow of the development process for real estate projects – residential, industrial, commercial, emphasizing the sensitivity of the performance indicators in relation to the social and economic influence factors.

Keywords: real estate market; economic crisis; construction industry; performances. Introduction (search for similar items in EconPapers)
Date: 2009
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