FINANCIAL RESOURCES MANAGEMENT AND THE IMPACT ON THE FINANCIAL POSITION OF THE ENTITIES IN THE ROMANIAN ENERGY SECTOR

Miron Vasile Cristian Ioachim, Focsan Eleonora Ionela and Bota Cristian Florin
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Miron Vasile Cristian Ioachim: DECEMBRIE 1918 UNIVERSITY OF ALBA IULIA, ROMANIA
Focsan Eleonora Ionela: 1 DECEMBRIE 1918 UNIVERSITY OF ALBA IULIA, ROMANIA
Bota Cristian Florin: 1 DECEMBRIE 1918 UNIVERSITY OF ALBA IULIA, ROMANIA

Annals - Economy Series, 2016, vol. 3, 306-311

Abstract: The way in which resources (material, human, financial, technical, etc.) are managed within an economic entity is an issue that can have a significant influence on the financial position of an entity. Applying this axiom in the Romanian energy sector, a sector in which financial management often has a high importance in the overall management of the business due to the high investment of financial resources, we can say that the analysis of the impact that falls upon the financial position of the entity is a goal worthy of study. This study has as main objective analysis of how different indicators of financial management can influence the financial position of an entity in the energy sector. Anticipated results of this study predict that the financial position of the entities analyzed in the Romanian energy sector is often significantly influenced by the management of financial resources by the entity. Correlating these results with further analysis, such as those related to the risk of bankruptcy, we can say that the usefulness of the study is one wholesaler, providing interested stakeholders a set of complex and useful information for making optimal decisions in order to maximize the benefits that they can obtain.

Keywords: financial position; financial resources; management; sustainable development (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2016:v:3:p:306-311

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