Study on Companies from the Energy Sector from the Perspective of Performance through the Operating Cash Flow
In this paper we analyzed the link between companies’ performance, in terms of cash and income, and the labor productivity or management rates, in case of the companies from the energy sector listed on the Bucharest Stock Exchange. We focused on the energy sector because of the impact that its expan...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-06-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/14/12/3667 |
| _version_ | 1797529528711512064 |
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| author | Claudia Diana Sabău-Popa Luminița Rus Dana Simona Gherai Codruța Mare Ioan Gheorghe Țara |
| author_facet | Claudia Diana Sabău-Popa Luminița Rus Dana Simona Gherai Codruța Mare Ioan Gheorghe Țara |
| author_sort | Claudia Diana Sabău-Popa |
| collection | DOAJ |
| description | In this paper we analyzed the link between companies’ performance, in terms of cash and income, and the labor productivity or management rates, in case of the companies from the energy sector listed on the Bucharest Stock Exchange. We focused on the energy sector because of the impact that its expansion has on the evolution of economies around the world and because of its dynamics in the sense of gradually shifting to the use of energy from renewable sources. We have used panel regression models to analyze the operating cash flow and the profitability rates and the determination of a causal or dependency relationship with labor productivity or management rates. The results of this study show a significant negative correlation between operating cash flows and the average duration of stock rotation, and no correlation between productivity and the operating cash flow. Instead, the average duration of stock turnover does not at all influence the profitability rates, and productivity is always significant for the return on assets, ie forthe return on equitywith a positive coefficient, as expected. The gap between the average duration of payment of suppliers and the average duration of receivables does not significantly influence neither the cash flow nor the rates of return. |
| first_indexed | 2024-03-10T10:15:07Z |
| format | Article |
| id | doaj.art-e804571f53cc49a09289aa3a11d8eb60 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T10:15:07Z |
| publishDate | 2021-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-e804571f53cc49a09289aa3a11d8eb602023-11-22T00:54:26ZengMDPI AGEnergies1996-10732021-06-011412366710.3390/en14123667Study on Companies from the Energy Sector from the Perspective of Performance through the Operating Cash FlowClaudia Diana Sabău-Popa0Luminița Rus1Dana Simona Gherai2Codruța Mare3Ioan Gheorghe Țara4Department of Finance—Accounting, Faculty of Economic Sciences, University of Oradea, 410087 Oradea, RomaniaDepartment of Finance—Accounting, Faculty of Economic Sciences, University of Oradea, 410087 Oradea, RomaniaDepartment of Finance—Accounting, Faculty of Economic Sciences, University of Oradea, 410087 Oradea, RomaniaDepartment of Statistics-Forecasts-Mathematics, Faculty of Economics and Business Administration, Babes-Bolyai University, 400000 Cluj-Napoca, RomaniaDepartment of Finance—Accounting, Faculty of Economic Sciences, University of Oradea, 410087 Oradea, RomaniaIn this paper we analyzed the link between companies’ performance, in terms of cash and income, and the labor productivity or management rates, in case of the companies from the energy sector listed on the Bucharest Stock Exchange. We focused on the energy sector because of the impact that its expansion has on the evolution of economies around the world and because of its dynamics in the sense of gradually shifting to the use of energy from renewable sources. We have used panel regression models to analyze the operating cash flow and the profitability rates and the determination of a causal or dependency relationship with labor productivity or management rates. The results of this study show a significant negative correlation between operating cash flows and the average duration of stock rotation, and no correlation between productivity and the operating cash flow. Instead, the average duration of stock turnover does not at all influence the profitability rates, and productivity is always significant for the return on assets, ie forthe return on equitywith a positive coefficient, as expected. The gap between the average duration of payment of suppliers and the average duration of receivables does not significantly influence neither the cash flow nor the rates of return.https://www.mdpi.com/1996-1073/14/12/3667energy sectorlabor productivitycompanies’ performanceoperating cash flowpanel models |
| spellingShingle | Claudia Diana Sabău-Popa Luminița Rus Dana Simona Gherai Codruța Mare Ioan Gheorghe Țara Study on Companies from the Energy Sector from the Perspective of Performance through the Operating Cash Flow Energies energy sector labor productivity companies’ performance operating cash flow panel models |
| title | Study on Companies from the Energy Sector from the Perspective of Performance through the Operating Cash Flow |
| title_full | Study on Companies from the Energy Sector from the Perspective of Performance through the Operating Cash Flow |
| title_fullStr | Study on Companies from the Energy Sector from the Perspective of Performance through the Operating Cash Flow |
| title_full_unstemmed | Study on Companies from the Energy Sector from the Perspective of Performance through the Operating Cash Flow |
| title_short | Study on Companies from the Energy Sector from the Perspective of Performance through the Operating Cash Flow |
| title_sort | study on companies from the energy sector from the perspective of performance through the operating cash flow |
| topic | energy sector labor productivity companies’ performance operating cash flow panel models |
| url | https://www.mdpi.com/1996-1073/14/12/3667 |
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