RISK PROFILING OF THE TERTIARY SECTOR OF ROMANIAN NATIONAL ECONOMY BY USE OF ANALYTICAL ACCOUNTING PROCEDURES AND STATISTICAL INVESTIGATIONS

Nicoleta Iulia Popescu (Bodea) (), Mihaela Ionela Socoliuc (), Cristina Timofte (Coca) () and Dan Andrei Coca ()
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Nicoleta Iulia Popescu (Bodea): Universitatea "Ștefan cel Mare" din Suceava
Mihaela Ionela Socoliuc: Universitatea "Ștefan cel Mare" din Suceava
Cristina Timofte (Coca): Universitatea "Ștefan cel Mare" din Suceava
Dan Andrei Coca: Universitatea "Ștefan cel Mare" din Suceava

The USV Annals of Economics and Public Administration, 2024, vol. 24, issue 2(40), 180-190

Abstract: This article investigates, by use of statistical tools and methods and analytical accounting procedures, the exposure to fiscal-accounting and financial risk through analysis of sectorial and temporal risk profiles for 2018–2022 for economic entities from eight fields of economic activity in the service sector of the Romanian economy. The analyzed risk markers consist of Total debt ratio, Personal expense ratio, Solvency ratio, Financial solvency ratio, Asset solvency ratio, Return on assets, Return on equity, Commercial return, and Debt turnover rate. The general risk profile revealed that the analyzed economic entities register a very high degree of indebtedness, which, correlated with the Debt Turnover indicator, configures the main risk exposure, where economic entities use excessive indebtedness. The most vulnerable business sector from this perspective is Construction works of residential and non-residential buildings, as the main sources of financing come from borrowed capital, directly influencing the ability of economic operators to bear operating costs and fulfill their commercial, financial, and fiscal commitments. Risk exposure from a temporal perspective, revealed the years 2018, 2019 and 2020 as being the most vulnerable to risk, when the annual average of the indicators reaches values considerably above or below the general average. A possible explanation for the manifestation of the risk at the level of 2019-2020 could be represented by the emergence of the health crisis in 2019, with strong effects on the tertiary sector of the economy, especially on the activity volume, profitability and solvency indicators.

Date: 2024
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