THE IMPACT OF THE FINANCIAL CRISIS ON THE FINANCIAL POSITION OF COMPANIES LISTED ON BUCHAREST STOCK EXCHANGE
Marian Siminica () and
Iulia Oana Stefan
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Iulia Oana Stefan: University of Craiova Faculty of Economics and Business Administration
Annals of University of Craiova - Economic Sciences Series, 2012, vol. 3, issue 40, 17-30
The financial crisis has strongly eroded the financial standing of a significant number of romanian enterprises.Exception from this fact was made not even by the large companies,listed on Bucharest Stock Exchange, which, due to the contraction of commodity markets and to the limitation of financing access, have registered fluctuations of their financial results.In order to point out the impact of the financial crisis on the financial position of these companies, within the paper we are analysing the financial position ratios (liquidity and solvency ratios,working capital, necessary working capital , net treasury etc.) for a significant number of companies listed on Bucharest Stock Exchange, which activate in several domains (food industry,pharmaceuticals,oil industry etc.). The ratios were calculated based on the data provided by these companies throughout their financial reports,starting from 2007 (before the financial crisis), until the 30 th of June 2012.
Keywords: financial crisis; commodity market; financial position; listed companies, area of activity (search for similar items in EconPapers)
JEL-codes: G01 G32 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:3:y:2012:i:40:p:17-30
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