This paper aims to provide Romanian firm-level evidence concerning the investmentdecisions - financial leverage - growth opportunities relation. Using traditional panel datatechniques on a sample of 67 companies listed at Bucharest Stock Exchange, we found thatincreasing debt and firm size have...

The purpose of this study is to analyze the efficiency of working capital management ofcompanies from Alba County. The relation between the efficiency of the working capital management andprofitability is examined using Pearson correlation analyses and using a sample of 20 annual...

The complexity and dynamic of the organizations, which are in a permanentcompetition for resources and for the life quota in a turbulent economic environment, imposes thecontrolling as a functional concept of management having the role of coordinating the planning,control and information in the...

ABSTRACT. The core elements of one firm’s existence as the patrimonial situation andperformance, are related in a great measure by the business strategy adopted, the economicenvironment in which it is operating and the way of resources’ management. An efficientmanagement of all patrimonial...

The South of Romania experiences important climate changes, with importanteffects over the traditional crops, as wheat, sunflower, and especially maize, affected verynegative by the summers’ draught. These evolutions leaded to a diminution of the agriculturalfarms economic efficiency in this...

The investment process is a complex economic process that implies risks. Allottingcapital resources in an investment project without using an adequate discount rate of the cashflows, which will take into account the evolution of the base leading rate of NBR (National Bank ofRomania), can lead to...

Our review aims to assess theoretical and empirical studies concerning the existence,magnitude and threats of information asymmetry in insurance field. Based on the fact that most ofthe papers examined approached both static and dynamic frameworks, a particular emphasis is puton the testable...

Our study approaches corporate governance in the context of the financial reportingprocess. From a theoretical point of view we draw on literature arguing that informationaltransparency connects corporate governance mechanisms and the financial reporting process withbenefits for stakeholders....

Standard IAS 1 Presentation of Financial Statements requires disclosure of allsignificant accounting policies used in preparing the financial statements. It also indicates thebusiness continuity assumption as one of the basic principles of all aspects of the accountingpolicy applied. Therefore,...

This paper aims to approach an issue that is less common in public institutions,namely the accounting policies and the accounting treatments of contingent assets andliabilities with the goal of sustaining the quality and completeness of financial accountinginformation, being a culture oriented...