FINANCIAL AND OPERATING RISK ANALYSIS OF TWO ROMANIAN-HUNGARIAN BORDER COUNTIES

The study analyzes the risk of companies selected from two Romanian-Hungarian border counties (Bihor and Hajdú-Bihar counties) by the degree of operational and financial leverage ratios. A total of 1,674 companies from the two counties were included in the analysis, in approximately half and half pr...

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Autores principales:	Tibor Tarnóczi, Edit Veres, Edina Kulcsár
Formato:	article
Lenguaje:	DE EN FR IT
Publicado:	University of Oradea 2021
Materias:	corporate risk; degree of operating leverage; degree of financial leverage; comparative financial analysis Business HF5001-6182 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/fe4e380fd6094db0b2b9473c2da317e5
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spelling	oai:doaj.org-article:fe4e380fd6094db0b2b9473c2da317e52021-11-09T19:45:21ZFINANCIAL AND OPERATING RISK ANALYSIS OF TWO ROMANIAN-HUNGARIAN BORDER COUNTIES1222-569X1582-5450https://doaj.org/article/fe4e380fd6094db0b2b9473c2da317e52021-07-01T00:00:00Zhttp://anale.steconomiceuoradea.ro/volume/2021/n1/027.pdfhttps://doaj.org/toc/1222-569Xhttps://doaj.org/toc/1582-5450The study analyzes the risk of companies selected from two Romanian-Hungarian border counties (Bihor and Hajdú-Bihar counties) by the degree of operational and financial leverage ratios. A total of 1,674 companies from the two counties were included in the analysis, in approximately half and half proportions. In the study, operating, financial and combined leverage ratios are used for risk analysis. Because of the large variance of the ratios, outliers were filtered out. The filtering was based on the degree of the combined leverage ratio, which resulted in 107 companies excluded. In the analysis of sectors, there are significant differences in DOL ratio values between counties. For the DFL indicator, the values are much more balanced. There are also larger differences for DCL, which are likely to be caused by DOL values. The analysis showed no statistically significant difference in leverage ratios between the total county data or the sector-disaggregated county data. The analysis also suggested that some accounting reports may contain manipulations but that further investigations are needed to substantiate them adequately.Tibor TarnócziEdit VeresEdina KulcsárUniversity of Oradeaarticlecorporate risk; degree of operating leverage; degree of financial leverage; comparative financial analysisBusinessHF5001-6182FinanceHG1-9999DEENFRITAnnals of the University of Oradea: Economic Science, Vol 30, Iss 1, Pp 242-250 (2021)
institution	DOAJ
collection	DOAJ
language	DE EN FR IT
topic	corporate risk; degree of operating leverage; degree of financial leverage; comparative financial analysis Business HF5001-6182 Finance HG1-9999
spellingShingle	corporate risk; degree of operating leverage; degree of financial leverage; comparative financial analysis Business HF5001-6182 Finance HG1-9999 Tibor Tarnóczi Edit Veres Edina Kulcsár FINANCIAL AND OPERATING RISK ANALYSIS OF TWO ROMANIAN-HUNGARIAN BORDER COUNTIES
description	The study analyzes the risk of companies selected from two Romanian-Hungarian border counties (Bihor and Hajdú-Bihar counties) by the degree of operational and financial leverage ratios. A total of 1,674 companies from the two counties were included in the analysis, in approximately half and half proportions. In the study, operating, financial and combined leverage ratios are used for risk analysis. Because of the large variance of the ratios, outliers were filtered out. The filtering was based on the degree of the combined leverage ratio, which resulted in 107 companies excluded. In the analysis of sectors, there are significant differences in DOL ratio values between counties. For the DFL indicator, the values are much more balanced. There are also larger differences for DCL, which are likely to be caused by DOL values. The analysis showed no statistically significant difference in leverage ratios between the total county data or the sector-disaggregated county data. The analysis also suggested that some accounting reports may contain manipulations but that further investigations are needed to substantiate them adequately.
format	article
author	Tibor Tarnóczi Edit Veres Edina Kulcsár
author_facet	Tibor Tarnóczi Edit Veres Edina Kulcsár
author_sort	Tibor Tarnóczi
title	FINANCIAL AND OPERATING RISK ANALYSIS OF TWO ROMANIAN-HUNGARIAN BORDER COUNTIES
title_short	FINANCIAL AND OPERATING RISK ANALYSIS OF TWO ROMANIAN-HUNGARIAN BORDER COUNTIES
title_full	FINANCIAL AND OPERATING RISK ANALYSIS OF TWO ROMANIAN-HUNGARIAN BORDER COUNTIES
title_fullStr	FINANCIAL AND OPERATING RISK ANALYSIS OF TWO ROMANIAN-HUNGARIAN BORDER COUNTIES
title_full_unstemmed	FINANCIAL AND OPERATING RISK ANALYSIS OF TWO ROMANIAN-HUNGARIAN BORDER COUNTIES
title_sort	financial and operating risk analysis of two romanian-hungarian border counties
publisher	University of Oradea
publishDate	2021
url	https://doaj.org/article/fe4e380fd6094db0b2b9473c2da317e5
work_keys_str_mv	AT tibortarnoczi financialandoperatingriskanalysisoftworomanianhungarianbordercounties AT editveres financialandoperatingriskanalysisoftworomanianhungarianbordercounties AT edinakulcsar financialandoperatingriskanalysisoftworomanianhungarianbordercounties
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FINANCIAL AND OPERATING RISK ANALYSIS OF TWO ROMANIAN-HUNGARIAN BORDER COUNTIES

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