ASSESSING FINANCIAL EQUILIBRIUM OF THE ROMANIAN COMPANIES.pdfVIP

ASSESSING FINANCIAL EQUILIBRIUM OF THE ROMANIAN COMPANIES TRADED AT BUCHAREST STOCK EXCHANGE ADINA ELENA DĂNULEŢIU, DAN CONSTANTIN DĂNULEŢIU Adina Elena DĂNULEŢIU, Lecturer, Phd „1 Decembrie 1918” University, Alba Iulia Dan Constantin DĂNULEŢIU, Lecturer, Phd „1 Decembrie 1918” University, Alba Iulia Key words: net assets, net working capital, net working capital required, net treasury, financial rates, stability. Abstract: This paper presents a model of financial equilibrium analysis. The model is based on relation between net working capital, necessary of working capital and net treasury of the firm. Based on the Pearson correlation coefficient and rank Spearman correlation coefficient, we have determined the intensity of the connection between the stability level, which is an expression of long term equilibrium, and different financial indicators yearly adjusted. Its applicability on Romanian companies traded at Bucharest Stock Exchange is limited by the insufficient amount of information. The list of indicators related to stability should be completed with some more indicators, such as the added value, the expenses profitableness, the financial result and so on. It is well-known that the life of an enterprise represents a succession of circumstances which drives to situations more or less difficult. Some of them are prevented and avoided even before they occur, others the most serious, are sometimes hard to endure and become fatal for the enterpris