Work

Firm Financial Performance: An Empirical Investigation on Romanian SMEs

Year: 2013

Type: article

Abstract: Firm's financial performance is reflected by its profit and loss account. Still, all financial statements are needed in order to have a complete view on a firm's financial performance. As a general rule, several financial indicators are calculated in this sense. Hence, it would be of great interest to reduce the number of financial indicators into fewer, more synthetic ones. However, the new indicators should reflect the same information as the first ones. Statistics offers this possibility through factor analysis. The purpose of the present study is to use factor analysis in order to generate a reduced number of relevant indicators that could help in analyzing firm's financial performance. The paper represents a case study on Romanian small and medium enterprises.

Source: Ovidius University Annals Economic Sciences Series

Authors: Ionescu Alexandra, Horga Maria-Gabriela, Dorinela Nancu

Language: English

Topic: Financial Analysis and Corporate Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W2201621237

FWCI:

Cites:

Cited by: 1

Related to: 10