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Analysis Of The Financial Performance Of Entities From Tourism Industry

Author

Listed:
  • Daniel Dumitru LEON

    (Alexandru Ioan Cuza University of Iasi; Doctoral School of Economics and Businesss Administration (DSEBA))

Abstract

Tourism is currently one of the sectors with the most important growth potential, alongside the IT sector. A healthy tourism sector is beneficial to a country's economy, because it contributes directly to employment, contributes to the creation of added value and, last but not least, helps balancing the balance of payments. Romania is considered to be a country with a huge touristic potential, but unfortunately we do not really know how to value it. In this article I will determine what is the evolution of the financial performances of the entities in the tourism industry. Thus, in order to achieve this study, I will apply a series of performance indicators on 5 companies that are active in the tourism industry, for the time period 2012 -2016, companies listed on the Bucharest Stock Exchange. I will try to determine the current situation with regard to the financial performance of these entities, as well as the main factors that directly influence these increases.

Suggested Citation

  • Daniel Dumitru LEON, 2018. "Analysis Of The Financial Performance Of Entities From Tourism Industry," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 17, pages 151-158, September.
    • Handle: RePEc:cmj:seapas:y:2018:i:17:p:151-158
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    More about this item

    Keywords

    Tourism industry; Turnover; Profit net; Employees; Correlations;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • Z30 - Other Special Topics - - Tourism Economics - - - General

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