EVALUATION OF THE PERFORMANCE AND RESILIENCE OF ECONOMIC ENTITIES BELONGING TO THE TRANSPORT SECTOR IN SUCEAVA COUNTY THROUGH THE PRISM OF FINANCIAL INDICATORS

Irina Hanganu () and Mihaela Ionela Socoliuc ()
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Irina Hanganu: Stefan cel Mare University, Suceava, Romania
Mihaela Ionela Socoliuc: Stefan cel Mare University, Suceava, Romania

European Journal of Accounting, Finance & Business, 2023, vol. 11, issue 2, 176-184

Abstract: In the context of globalisation and free international movement, the development of online trade and home deliveries has led the transport sector to adapt to this new environment in order to meet these new demands of society. Challenges in the sector with regard to the lack of motorways, maintenance of existing infrastructure, traffic congestion, increased environmental concerns, high fuel, maintenance and insurance costs, and the workforce involved in the sector are variables that, in our view, make the difference between success and failure. In this context, the aim of our work is to assess the performance and resilience of entities in the transport sector in Suceava County, in the period 2018-2022, through diagnostic analysis and econometric modelling. In order to achieve this goal, the research objectives are: O1- Review of the scientific literature on the role of financial indicators in the performance and resilience of companies in the transport sector; O2- Descriptive analysis of the evolution of the transport sector in Suceava County; O3- Development of a representative econometric model for the financial performance and resilience of Suceava transport entities. The results of the study undertaken reflected the fact that the entities in this sector have experienced strong growth in the period under analysis, despite a poorly developed infrastructure and the acute lack of highways that cross this county. We believe that the results obtained can be useful, first of all to the decision-makers working in this sector but also to current and potential investors who can adapt their business strategies with regard to investments in this sector, but also to the state which can influence through policies and tax incentives the sustainable development of this sector.

Date: 2023
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