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An Econometric Analysis of the Operating Profit of Romanian Companies

Author

Listed:
  • Adriana DEACONU

    (The Bucharest Academy of Economic Studies, Romania and The Ministry of Public Finances)

Abstract

This paper aims to contribute to the empirical literature by employing a panel data model for analysing the connection between operating profit of Romanian companies and the turnover, tangible assets, payrolls, stocks and cash. We find that the companies with a higher turnover recorded better economic results and an increased payroll is associated with a decline in economic performance. Likewise, companies that have the cash and / or tangible assets registered superior performance, while growth in stocks is accompanied by lower economic performance of the companies. Sectorial data confirm these results.

Suggested Citation

  • Adriana DEACONU, 2011. "An Econometric Analysis of the Operating Profit of Romanian Companies," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 10(4), pages 535-546, December.
    • Handle: RePEc:ami:journl:v:10:y:2011:i:4:p:535-546
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    More about this item

    Keywords

    panel data model; operating profit; turnover; tangible assets; payrolls; stocks and cash;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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