Macroeconomic Impact on CEE Corporate Profitability: Analysis at the Level of Companies Listed on the Bucharest Stock Exchange
Cristina Morar Triandafil (),
Petre Brezeanu () and
Theoretical and Applied Economics, 2010, vol. 10(551), issue 10(551), 5-14
This paper aims at identifying a potential impact of the macroeconomic environment on the profitability of the companies listed on the Bucharest Stock Exchange. This research derives from the most recent literature on the macroeconomic determination of the capital structure of companies located into emerging countries. Indeed, as for these corporations, there has been agreed on the risk transfer between sovereign and corporate spreads, but every emerging country incurs a particular approach and generalization tends to decay. Therefore, the research focuses on highlighting out the macro-determination of the corporate profitability; there will be developed a complex perspective, following up the mixture between idiosyncratic and systemic approach.
Keywords: default risk; macroeconomic impact; profitability; idiosyncratic. (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:10(551):y:2010:i:10(551):p:5-14
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