ASSESSING THE FINANCIAL SUSTAINABILITY OF ENERGY SECTOR IN ROMANIA UNDER CRISIS CONDITIONS

Simona-Maria Brînzaru (), Veronica Grosu (), Sorinel-Toderaș Siretean (), Cipriana Mihai () and Ioana Andrioaia ()
Additional contact information
Simona-Maria Brînzaru: Stefan cel Mare University, Suceava, Romania
Veronica Grosu: Stefan cel Mare University, Suceava, Romania
Sorinel-ToderaÈ™ Siretean: Stefan cel Mare University, Suceava, Romania
Cipriana Mihai: Stefan cel Mare University, Suceava, Romania
Ioana Andrioaia: Stefan cel Mare University, Suceava, Romania

European Journal of Accounting, Finance & Business, 2023, vol. 11, issue 2, 94-99

Abstract: Improving the financial sustainability of Romanian electricity generating companies can be achieved by adopting a set of strategic measures. These measures may include: investments in more efficient and cleaner technologies, such as natural gas power plants or renewable energy sources. These technologies could reduce production costs and help reduce greenhouse gas emissions. In this context, the aim of this paper is to identify the determinants of increased financial sustainability of electricity generating companies in Romania. In order to achieve the proposed goal, the following objectives have been formulated: O1 - Analysis of efficiency indicators with influence on increasing or reducing financial sustainability; O2 - Identification and analysis of risk indicators influencing growth or reduction of financial sustainability and O3 - Analysis of performance indicators influencing growth or reduction of financial sustainability. The research methodology is based on the sample analysed consisting of 150 companies operating in the power generation sector. The results of the research consist in the development of a model for the assessment of financial sustainability of electricity generating companies in Romania under crisis conditions. The usefulness of these results is reflected in the outline of a reference framework for monitoring and quantifying the financial sustainability of electricity generating companies in relation to reported economic and financial indicators.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.accounting-management.ro/getpdf.php?paperid=32_14 (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:scm:ejafbu:v:11:y:2023:i:2:p:94-99

Access Statistics for this article

European Journal of Accounting, Finance & Business is currently edited by Stefan cel Mare University of Suceava, West University of Timisoara

More articles in European Journal of Accounting, Finance & Business from "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Liviu Scutariu ( this e-mail address is bad, please contact ).