Economics at your fingertips  

The Impact Of Eu Membership On The Financial Performance Of Business Firms In Central And Eastern Europe

G. Rod Erfani and Tonmoy Islam
Additional contact information
G. Rod Erfani: Transylvania University, USA
Tonmoy Islam: Transylvania University, USA

The International Journal of Economic Behavior - IJEB, 2012, vol. 2, issue 1, 81-90

Abstract: This paper examines how European Union (EU) membership impacts the financial performance of business firms in the emerging economies of Central and Eastern Europe. In 2004, the European Union welcomed ten additional members: Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia. This was the largest enlargement in the history of the European Union. This study examines whether business firms from those ten countries improved their financial performance since joining the EU. It intends to empirically demonstrate that the profitability of the business firms increased since the ten countries joined the EU. Quarterly data on assets, short and long term liabilities, and common equity were collected. Data was collected for the period 2001- 2009. Econometric methods were used to determine the efficiency and profitability of these companies. The results of this study indicate that the companies benefited from joining the European Union.

Keywords: Financial Performance; Financial Ratios; Efficiency; Profitability; European Union (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link) (application/pdf) ... tern-Europe~465.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

The International Journal of Economic Behavior - IJEB is currently edited by Fabio Musso

More articles in The International Journal of Economic Behavior - IJEB from Faculty of Business and Administration, University of Bucharest Contact information at EDIRC.
Series data maintained by Cosmin Catalin Olteanu ().

Page updated 2017-09-29
Handle: RePEc:but:ijebfa:v:2:y:2012:i:1:p:81-90