Conceptual Valences Regarding the Economic and Financial Performance of the Public Sector Institutions

Cristina-Petrina Drãguºin (), Daniel Cîrciumaru () and Silviu-Valentin Cârstina ()
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Cristina-Petrina Drãguºin: Faculty of Economics and Business Administration, University of Craiova
Daniel Cîrciumaru: Faculty of Economics and Business Administration, University of Craiova
Silviu-Valentin Cârstina: Faculty of Economics and Business Administration, University of Craiova

Ovidius University Annals, Economic Sciences Series, 2016, vol. XVI, issue 1, 503-508

Abstract: The economic and financial performance of the public sector institutions represents a particularly current debate topic, receiving increasingly more attention both within the academic research and the practical activity, and, equally, an extensive and controversial subject, since it is still very difficult to be identified and quantified. The economic and financial performance concept was developed in the public sector institutions on the background of the growing degree of complexity in solving the problems they face, as a result of the consistent progress registered towards globalization as an overall phenomenon. Starting from the concept of performance in general, the main objective of this paper consists in identifying, presenting and advancing conceptual meanings regarding the economic and financial performance of the public sector institutions, through the delimitations and theoretical fundaments provided by the specialty literature. The paper is based on a quantitative research approach, aiming a deeper understanding of the debated concept.

Keywords: economic and financial performance; public sector; efficiency; effectiveness; rentability. (search for similar items in EconPapers)
JEL-codes: H52 H75 I22 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xvi:y:2016:i:1:p:503-508

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