EconPapers    
Economics at your fingertips  
 

COMPARATIVE STUDY OF FINANCIAL PROFITABILITY OF ROMANIAN TOURISM COMPANIES

Maria Daniela Bondoc () and Mihaela Iuliana Dumitru ()
Additional contact information
Maria Daniela Bondoc: Faculty of Economics and Law, University of Pitesti, Romania
Mihaela Iuliana Dumitru: Faculty of Economics and Law, University of Pitesti, Romania

Scientific Bulletin - Economic Sciences, 2018, vol. 17, issue 3, 169-176

Abstract: The objective of our paper is to examine the performance of companies in the Romanian tourism sector based on profitability indicators and to highlight the possible correlations between them. Financial performance was studied based on the average values of Return on Assets (ROA), Return on Equity (ROE) and Return on Sales (ROS) calculated over a 10-year period. Our analysis is focused on tourism companies listed on the Bucharest Stock Exchange, which obtained net profits throughout the period. The database was built on the annual financial reports for the period 2008-2017, available on the Bucharest Stock Exchange website and on the website of the Ministry of Public Finance.

Keywords: Profitability ratios; Tourism; Financial performance; Quantitative methods; Pearson correlation. (search for similar items in EconPapers)
JEL-codes: G30 L25 (search for similar items in EconPapers)
Date: 2018
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://economic.upit.ro/repec/pdf/2018_3_22.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pts:journl:y:2018:i:3:p:169-176

Access Statistics for this article

Scientific Bulletin - Economic Sciences is currently edited by Logica Banica

More articles in Scientific Bulletin - Economic Sciences from University of Pitesti Contact information at EDIRC.
Bibliographic data for series maintained by Logica Banica ().

 
Page updated 2019-07-27
Handle: RePEc:pts:journl:y:2018:i:3:p:169-176