Study regarding the assessment of the financial stability of the economic entities

Baltes N. and Dragoe A.-G.-M.
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Baltes N.: Lucian Blaga University of Sibiu
Dragoe A.-G.-M.: Lucian Blaga University of Sibiu

Bulletin of Taras Shevchenko National University of Kyiv. Economics. Вісник Киiвського нацiонального унiверситету iм. Тараса Шевченка. Серiя: Економiка, 2016, issue 11 (188), 11-15

Abstract: The research presents both theoretical and practicalthe evolution of the financial stability assessed through the solvency indicators, the real economic growth rate and the GDP deflator in the manufacturing companies from Romania, through the Vector Autoregression Model (VAR). The sample consists in 36 companies belonging to the manufacturing industry in Romania, listed on the Bucharest Stock Exchange, on the first and second category. The study is conducted during the period 2007-2014 and demonstrated the fact that a change in the real economic growth causes a positive change in the GDP deflator. Not lastly, the change of the real economic growth also determines a positive change of the patrimonial solvency, and a change in the GDP deflator produces a reduction of the patrimonial solvency.

Keywords: PATRIMONIAL SOLVENCY; REAL ECONOMIC GROWTH; GDPDEFLATOR; VECTOR AUTOREGRESSION MODEL; РОДОВА ПЛАТОСПРОМОЖНіСТЬ; РЕАЛЬНЕ ЕКОНОМіЧНЕ ЗРОСТАННЯ; GDP ДЕФЛЯТОР; ВЕКТОРНА АВТОРЕГРЕСіЙНА МОДЕЛЬ; РОДОВАЯ ПЛАТЕЖЕСПОСОБНОСТЬ; РЕАЛЬНЫЙ ЭКОНОМИЧЕСКИЙ РОСТ; ВЕКТОРНАЯ АВТОРЕГРЕССИОННАЯ МОДЕЛЬ (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:scn:013723:16952620

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