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A regional approach of financial performance- evidence from Romania

Laura Brad, Florin Dobre () and Radu Ciobanu ()
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Florin Dobre: Bucharest University of Economic Studies

No 702573, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: Regional financial performance could influence the attitude of shareholders and of the investors. It is important as it provides information about the entities that act in the area and about the factors, qualitative: like auditor type or quantitative such as individual financial elements that have an impact upon financial performance. Using different approaches for financial measures, a panel research was conducted upon the entities listed on Bucharest Stock of Exchange that have to apply as compulsory the International Financial Reporting Standards accounting regime. The results provide mix evidence: in some geographical regions (North East and South West) there is indeed a higher financial performance upon return on assets and upon cash flow indicator (North East variable), while in other regions (Central region and Bucharest Ilfov region) a lower financial performance is obtained (for cash flow indicator and return on assets).

Keywords: financial performance; Romania; International Financial Reporting Standards; panel; fixed effect; audit; regional analysis; return on equity; return on assets; cash flow from operation (search for similar items in EconPapers)
JEL-codes: M21 M41 M42 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2014-10
New Economics Papers: this item is included in nep-acc
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Published in Proceedings of the Proceedings of the 12th International Academic Conference, Prague, Oct 2014, pages 195-207

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https://iises.net/proceedings/12th-international-a ... id=7&iid=22&rid=2573 First version, 2014

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:0702573

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