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A Study On The Return On Equity For The Romanian Industrial Companies

Author

Listed:
  • Lect. Daniel Cîrciumaru Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

  • Prof. Marian Siminica Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

  • Assoc. prof. Nicu Marcu Ph.D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

Abstract

In this paper, a study on a sample of 73 Romanian companies operating in industries was conducted. The survey covered the year 2008 and was based on data extracted from annual financial statements of the companies from the sample. Starting from a number of representative papers in the field, there were identified the influence factors of the return on equity and the quantifiable ones were hold, respectively the operating profit margin, the asset turnover and the financial leverage. These financial rates, together with the return on equity, have been determined for the entire population of enterprises from the sample. Subsequently was tested the statistical correlation between the level of influence factors and the return on equity. The results obtained partially confirmed the hypotheses set when starting the research, but have also denied some of them.

Suggested Citation

  • Lect. Daniel Cîrciumaru Ph. D & Prof. Marian Siminica Ph. D & Assoc. prof. Nicu Marcu Ph.D, 2010. "A Study On The Return On Equity For The Romanian Industrial Companies," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(38), pages 1-8, May.
    • Handle: RePEc:aio:aucsse:v:2:y:2010:i:8:p:44-51
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    File URL: http://feaa.ucv.ro/AUCSSE/0038v2-003.pdf
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    References listed on IDEAS

    as
    1. Raluca Drãcea & Mirela Cristea & Ionut Tomescu, 2009. "Empirical Analysis Concerning the Correlation Fiscality Rate – Tax Incomes in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 8(08(537)), pages 29-40, August.
    2. Raluca DRACEA & Mirela CRISTEA & Ionut TOMESCU, 2009. "Empirical analysis of the correlation between fiscality rate-GDP-tax incomes. Romania's case," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(9), pages 202-211, May.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Yan Nasution, & Citra Sukmadilaga, 2019. "The effect of solvency, activity and implementation of good corporate governance on profitability," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 5(1), pages 01-12.
    2. Eva HYBLOVA & Roman SKALICKY, 2018. "Return on sales and wheat yields per hectare of European agricultural entities," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 64(10), pages 436-444.
    3. Cristea Mirela & Danciulescu Andreea-Gabriela, 2016. "The Impact Of The Unemployment Rate On The Insurance Development In Romania. Statistical Approaches," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 186-192, December.
    4. Criveanu Maria Magdalena & Cârstina Silviu, 2018. "The importance of human resources within the strategic direction and organizational success," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 229-240, May.
    5. Dănciulescu Andreea-Gabriela & Mergeani Nicea, 2017. "The Insertion Of Young People On The Romanian Labour Market," Junior Scientific Researcher, SC Research Publishing SRL, vol. 3(2), pages 42-51, November.
    6. Meghisan Georgeta-Madalina & Toma Dorin, 2017. "Public health management: life expectancy and air pollution," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 11(1), pages 111-120, July.

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    More about this item

    Keywords

    return on equity; net profit; equity; operating profit margin; asset turnover; financial leverage;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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