IDEAS home Printed from https://ideas.repec.org/a/rfb/journl/v02y2010i1p029-039.html
   My bibliography  Save this article

Predicting the Financial Performance of the Building Sector Enterprises -- Case Study of Galati County (Romania)

Author

Listed:
  • Radu Stroe

    (Academia de Studii Economice / Facultatea de Finante, Asigurari, Banci si Burse de Valori)

  • Nicoleta Barbuta-Misu

    (Academia de Studii Economice / Facultatea de Finante, Asigurari, Banci si Burse de Valori)

Abstract

This paper predicts the financial performance of the enterprises acting in the building sector in Galati County (Romania). The financial performance was evaluated using the model Conan & Holder of assessing the risk of bankruptcy adjusted to the specificity of the Romanian building sector. This model was achieved using financial data of 11 enterprises acting in this sector in the period 2001-2006 and was tested on the same enterprises for the year 2006 with a success rate of 81.82%. Also, the model was tested on another sample of 10 enterprises, using financial data of 2006, with a rate of success of 77.78%. The aim of this paper is to predict the financial performance of all enterprises used to designing and testing the model, on the base of financial data from the balance sheets of enterprises in the period 2007-2008. The conclusions show the relevance of the adjusted model in forecasting the financial performance and ranking the enterprises by performance; also reflect the evolution of the financial performance registered by the studied enterprises in the actual economic environment.

Suggested Citation

  • Radu Stroe & Nicoleta Barbuta-Misu, 2010. "Predicting the Financial Performance of the Building Sector Enterprises -- Case Study of Galati County (Romania)," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 2(1), pages 029-039, June.
    • Handle: RePEc:rfb:journl:v:02:y:2010:i:1:p:029-039
    as

    Download full text from publisher

    File URL: http://www.rfb.ase.ro/articole/A3-Stroe.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Valentin BURCA, 2013. "Bankruptcy Risk in IFRS Era. Case Study on BSE Companies," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 61-70.
    2. Nicoleta Barbuta-Misu, 2012. "Aggregated Index for Modelling the Influence of Financial Variables on Enterprise Performance," EuroEconomica, Danubius University of Galati, issue 2(31), pages 155-165, May.
    3. Brindescu-Olariu Daniel & Golet Ionut, 2013. "Prediction Of Corporate Bankruptcy In Romania Through The Use Of Logistic Regression," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 976-986, July.
    4. Juan Alejandro Gallegos Mardones & Jorge Andrés Moraga Palacios, 2023. "Chilean Universities and Universal Gratuity: Suggestions for a Model to Evaluate the Effects on Financial Vulnerability," Sustainability, MDPI, vol. 15(13), pages 1-21, June.
    5. Nicoleta BARBUTA-MISU, 2011. "A Specific Model for Assessing the Financial Performance:Case study on Building Sector Enterprises of Galati County - Romania," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 318-325.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rfb:journl:v:02:y:2010:i:1:p:029-039. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tatu Lucian (email available below). General contact details of provider: https://edirc.repec.org/data/ffasero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.