Assessing Financial Equilibrium of the Romanian Companies Traded at Bucharest Stock Exchange

Adina Elena DaNULETIU and Dan Dănuleţiu

Annals of University of Craiova - Economic Sciences Series, 2008, vol. 1, issue 36, 272-277

Abstract: This paper presents a model of financial equilibrium analysis. The model is based on relation between net working capital, necessary of working capital and net treasury of the firm. Based on the Pearson correlation coefficient and rank Spearman correlation coefficient, we have determined the intensity of the connection between the stability level, which is an expression of long term equilibrium, and different financial indicators yearly adjusted. Its applicability on Romanian companies traded at Bucharest Stock Exchange is limited by the insufficient amount of information. The list of indicators related to stability should be completed with some more indicators, such as the added value, the expenses profitableness, the financial result and so on.

Keywords: net assets; net working capital; net working capital required; net treasury; financial rates; stability. (search for similar items in EconPapers)
JEL-codes: G00 G11 G12 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2008:i:11:p:272-277

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