EMPIRICAL STUDY ON THE SOLVENCY OF SMALL AND MEDIUMSIZED ENTERPRISES IN ROMANIA

Chermezan Leontina and Batrancea Larissa
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Chermezan Leontina: BABES-BOLYAI UNIVERSITY CLUJ-NAPOCA DEPARTMENT OF ECONOMICS AND BUSINESS ADMINISTRATION, ROMANIA
Batrancea Larissa: BABES-BOLYAI UNIVERSITY CLUJ-NAPOCA DEPARTMENT OF BUSINESS, ROMANIA

Annals - Economy Series, 2025, vol. 1, 253-259

Abstract: The study examines the relationship between solvency and performance indicators dealing with assets, sales, owner’s equity and general profitability. We estimated models with panel generalized method of moments (GMM) across a decade using financial data from a sample of 121 small and medium-sized companies in Romania. Empirical results showed that the largest impact on solvency was yielded by performance indicators such as return on assets, return on sales and general profitability ratio.

Keywords: long-term financial equilibrium; solvency; small and medium-sized companies; panel data analysis (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2025:v:1:p:253-259

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