Credit Scoring Model for Calculating Firm Financial Performance

Dãnilã Alexandra, Horga Maria-Gabriela and Negrea Alexandru ()
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Dãnilã Alexandra: "Ovidius" University of Constanta
Horga Maria-Gabriela: "Ovidius" University of Constanta
Negrea Alexandru: "Ovidius" University of Constanta

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 2, 479-482

Abstract: Currently, a fundamental role in firm activity lies in financial performance, given that competition for each market segment has become increasingly tight and mechanisms of globalization exclude the weakest ones. So the chance to survive in this competition increases considerably for those firms who quickly find and reduce their vulnerabilities and furthermore implement performance management tools that facilitate discovery, explanation and solutioning difficulties. Research presented in this paper continues the investigations that were carried out in the domain of firm financial performance, seeking to highlight the importance of financial knowledge within all sectors. Present reasearch aims to evaluate financial performance within Romanian tourism sector, given specific of this sector. Evaluation of financial performance of this sector is based on a proposed credit scoring model.

Keywords: financial statements; credit scoring model; tourism sector; financial indicator. (search for similar items in EconPapers)
JEL-codes: B41 (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:2:p:479-482

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