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Financial Performance Analysis From A Social Welfare Perspective - A Comparative Study Romania-Moldova

Author

Listed:
  • Monica-Laura ZLATI (SORICI)
  • Svetlana MIHAILA
  • Veronica GROSU

Abstract

Under conditions of uncertainty, the financial performance of a state (which is the attribute of the state's assurance of welfare through the contribution of economic activity to the financial-budgetary vectors) changes in relation to the influences of uncertainty factors and the response of the entropy of the system to the social protection measures adopted by the authorities in response to the crisis. Thus, in the opinion of the authors, the financial performance can be quantified according to the capacity of the resources to satisfy the financial needs, in an equitable measure, based on the allowed access, in the presence of protection against financial risk and through the sustainable consumption of resources. We propose to develop a model for assessing financial performance under uncertainty based on the consumption vector represented by the average monthly cost felt by the employer. The methods used are prospective (literature study) and analytical (consolidation of a Romania-Moldova parallel database for relevant macroeconomic indicators: active population, Total state companies' revenues of, Number of state companies, Number of employees, Total national income). The results of the study materialize in the assessment of economic development patterns influencing financial performance by creating parallel correlations with effect in delineating the influences of endogenous and exogenous factors on the financial performance of the two countries.

Suggested Citation

  • Monica-Laura ZLATI (SORICI) & Svetlana MIHAILA & Veronica GROSU, 2022. "Financial Performance Analysis From A Social Welfare Perspective - A Comparative Study Romania-Moldova," Eastern European Journal for Regional Studies (EEJRS), Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), vol. 8(1), pages 63-76, June.
  • Handle: RePEc:aem:journl:v:8:y:2022:i:1:p:63-76
    DOI: https://doi.org/10.53486/2537-6179.8-1.05
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    References listed on IDEAS

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    1. Zhou, Xiaoyang & Xu, Zhongwen & Chai, Jian & Yao, Liming & Wang, Shouyang & Lev, Benjamin, 2019. "Efficiency evaluation for banking systems under uncertainty: A multi-period three-stage DEA model," Omega, Elsevier, vol. 85(C), pages 68-82.
    2. Mohamed Abdel-Basset & Weiping Ding & Rehab Mohamed & Noura Metawa, 2020. "An integrated plithogenic MCDM approach for financial performance evaluation of manufacturing industries," Risk Management, Palgrave Macmillan, vol. 22(3), pages 192-218, September.
    3. Cristina Raluca Gh. Popescu & Gheorghe N. Popescu, 2019. "An Exploratory Study Based on a Questionnaire Concerning Green and Sustainable Finance, Corporate Social Responsibility, and Performance: Evidence from the Romanian Business Environment," JRFM, MDPI, vol. 12(4), pages 1-79, October.
    4. Ionica Oncioiu & Anca-Gabriela Petrescu & Florentina-Raluca Bîlcan & Marius Petrescu & Delia-Mioara Popescu & Elena Anghel, 2020. "Corporate Sustainability Reporting and Financial Performance," Sustainability, MDPI, vol. 12(10), pages 1-13, May.
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    More about this item

    Keywords

    financial performance; analysis; econometric model;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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