CORRELATIONS BETWEEN FINANCIAL INDICATORS OF COMPANIES AND SUSTAINABLE DEVELOPMENT INDICATORS

One of the main objectives of sustainable development is to improve living standards and obtain a friendlier business environment, by increasing their competitiveness and performance and the main goal of companies are to achieve a productive activity that ensures their short-term success, but also t...

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Autores principales:	Ioana Crăciun (Timofei), Diana Sabău-Popa, Réka Lakatos-Fodor
Formato:	article
Lenguaje:	DE EN FR IT
Publicado:	University of Oradea 2021
Materias:	indicators; panel data; GDP; turnover; employment Business HF5001-6182 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/0a69610c4be94ecc8eed22c3423324ca
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spelling	oai:doaj.org-article:0a69610c4be94ecc8eed22c3423324ca2021-11-09T19:45:20ZCORRELATIONS BETWEEN FINANCIAL INDICATORS OF COMPANIES AND SUSTAINABLE DEVELOPMENT INDICATORS1222-569X1582-5450https://doaj.org/article/0a69610c4be94ecc8eed22c3423324ca2021-07-01T00:00:00Zhttp://anale.steconomiceuoradea.ro/volume/2021/n1/021.pdfhttps://doaj.org/toc/1222-569Xhttps://doaj.org/toc/1582-5450One of the main objectives of sustainable development is to improve living standards and obtain a friendlier business environment, by increasing their competitiveness and performance and the main goal of companies are to achieve a productive activity that ensures their short-term success, but also to pay attention to long-term survival. This analysis was performed to assess the influence of financial indicators of companies and their contribution on the sustainable development of the North-West region of Romania. The research follows the evolution of sustainable development and financial indicators of the sample of 37 companies listed on the BSE, with data collected from 2008-2019, covering the following sectors according to their BSE classification: manufacturing, trade, hotels, construction. In this paper is used both qualitative and quantitative research methods. Among the qualitative research methods used it can be mentioned: observation, comparison and analysis of data. The econometric analysis is based on the estimation of a panel data regression technique and the decision between the random effects model and the fixed effects model was based on the Hausman test. The microeconomic indicators used to analyse the connection with the indicators of sustainable development of the North-West region of Romania are turnover, net profit and the average number of employees used as independent variables and the indicators selected based on information provided by the National Institute of Statistics for the North-West region, called Territorial Sustainable Development Indicators, are the following: Regional Gross Domestic Product, GDP per inhabitant, economically active population, the employment rate of the working age population, the job vacancy rate and the unemployment rate used as dependent variables. The results of the correlation analysis of the parameters showed a weak, insignificant influence between the financial indicators and the sustainable development indicators, the observed data do not allow the identification of a valid linear model.Ioana Crăciun (Timofei)Diana Sabău-PopaRéka Lakatos-FodorUniversity of Oradeaarticleindicators; panel data; GDP; turnover; employmentBusinessHF5001-6182FinanceHG1-9999DEENFRITAnnals of the University of Oradea: Economic Science, Vol 30, Iss 1, Pp 195-202 (2021)
institution	DOAJ
collection	DOAJ
language	DE EN FR IT
topic	indicators; panel data; GDP; turnover; employment Business HF5001-6182 Finance HG1-9999
spellingShingle	indicators; panel data; GDP; turnover; employment Business HF5001-6182 Finance HG1-9999 Ioana Crăciun (Timofei) Diana Sabău-Popa Réka Lakatos-Fodor CORRELATIONS BETWEEN FINANCIAL INDICATORS OF COMPANIES AND SUSTAINABLE DEVELOPMENT INDICATORS
description	One of the main objectives of sustainable development is to improve living standards and obtain a friendlier business environment, by increasing their competitiveness and performance and the main goal of companies are to achieve a productive activity that ensures their short-term success, but also to pay attention to long-term survival. This analysis was performed to assess the influence of financial indicators of companies and their contribution on the sustainable development of the North-West region of Romania. The research follows the evolution of sustainable development and financial indicators of the sample of 37 companies listed on the BSE, with data collected from 2008-2019, covering the following sectors according to their BSE classification: manufacturing, trade, hotels, construction. In this paper is used both qualitative and quantitative research methods. Among the qualitative research methods used it can be mentioned: observation, comparison and analysis of data. The econometric analysis is based on the estimation of a panel data regression technique and the decision between the random effects model and the fixed effects model was based on the Hausman test. The microeconomic indicators used to analyse the connection with the indicators of sustainable development of the North-West region of Romania are turnover, net profit and the average number of employees used as independent variables and the indicators selected based on information provided by the National Institute of Statistics for the North-West region, called Territorial Sustainable Development Indicators, are the following: Regional Gross Domestic Product, GDP per inhabitant, economically active population, the employment rate of the working age population, the job vacancy rate and the unemployment rate used as dependent variables. The results of the correlation analysis of the parameters showed a weak, insignificant influence between the financial indicators and the sustainable development indicators, the observed data do not allow the identification of a valid linear model.
format	article
author	Ioana Crăciun (Timofei) Diana Sabău-Popa Réka Lakatos-Fodor
author_facet	Ioana Crăciun (Timofei) Diana Sabău-Popa Réka Lakatos-Fodor
author_sort	Ioana Crăciun (Timofei)
title	CORRELATIONS BETWEEN FINANCIAL INDICATORS OF COMPANIES AND SUSTAINABLE DEVELOPMENT INDICATORS
title_short	CORRELATIONS BETWEEN FINANCIAL INDICATORS OF COMPANIES AND SUSTAINABLE DEVELOPMENT INDICATORS
title_full	CORRELATIONS BETWEEN FINANCIAL INDICATORS OF COMPANIES AND SUSTAINABLE DEVELOPMENT INDICATORS
title_fullStr	CORRELATIONS BETWEEN FINANCIAL INDICATORS OF COMPANIES AND SUSTAINABLE DEVELOPMENT INDICATORS
title_full_unstemmed	CORRELATIONS BETWEEN FINANCIAL INDICATORS OF COMPANIES AND SUSTAINABLE DEVELOPMENT INDICATORS
title_sort	correlations between financial indicators of companies and sustainable development indicators
publisher	University of Oradea
publishDate	2021
url	https://doaj.org/article/0a69610c4be94ecc8eed22c3423324ca
work_keys_str_mv	AT ioanacraciuntimofei correlationsbetweenfinancialindicatorsofcompaniesandsustainabledevelopmentindicators AT dianasabaupopa correlationsbetweenfinancialindicatorsofcompaniesandsustainabledevelopmentindicators AT rekalakatosfodor correlationsbetweenfinancialindicatorsofcompaniesandsustainabledevelopmentindicators
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CORRELATIONS BETWEEN FINANCIAL INDICATORS OF COMPANIES AND SUSTAINABLE DEVELOPMENT INDICATORS

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