Financial Sustainability of the Company

Vlad Costicã ()
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Vlad Costicã: "Ovidius" University of Constanta, Faculty of Economic Sciences

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 1, 775-779

Abstract: The concept of sustainable development refers implicitly to financial issues at both macro and microeconomic levels. The correlated substantiation of the two major decisions of Economics - investment and funding - imposed a detailed analysis of the financial structure. The financial crisis induced effects for the economy have produced significant changes in the approach of the financial phenomenon, many of the previously developed theories being adapted to the existing situation. Depending on the determining factors, there has been established a possible optimal structure of capital, at a particular time, designed to ensure the maximization of the company’s value. Within this context, the financial theory has developed a number of concepts which are based on the existence of a direct correlation between the increase of the turnover, asset growth and equity, two of which are dealt with in this article.

Keywords: financial stability; sustainable growth; self-financed growth; reinvestment. (search for similar items in EconPapers)
JEL-codes: F30 G01 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:775-779

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