A Specific Model for Assessing the Financial Performance:Case study on Building Sector Enterprises of Galati County - Romania
In this paper is designed a specific model for assessing the financial performance, based on models of bankruptcy risk, for enterprises acting in the building sector from Galati County - Romania. The main purpose of the paper is designing and development a model for evaluation financial performance...
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| Format: | Article |
| Language: | English |
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Dunarea de Jos University of Galati
2011-11-01
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| Series: | Risk in Contemporary Economy |
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| Online Access: | http://www.rce.feaa.ugal.ro/sites/default/files/NBarbuta-Misu.pdf |
| Summary: | In this paper is designed a specific model for assessing the financial performance, based on models of bankruptcy risk, for enterprises acting in the building sector from Galati County - Romania. The main purpose of the paper is designing and development a model for evaluation financial performance that important for ranking enterprises. To choose model variables was used discriminate analysis on 22 variables proposed that separate objectively performant by non-performant enterprises. The proposed model with five variables was tested using the initial sample of enterprises obtaining an average success ratio of 81.82%. |
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| ISSN: | 2067-0532 |