1、3700 英文单词， 21500 英文字符 ，中文 6400 字 文献出处： Pantea M , Gligor D , Anis C . Economic Determinants of Romanian Firms Financial PerformanceJ. Procedia - Social and Behavioral Sciences, 2014, 124:272-281. Economic determinants of Romanian firms financial performance Marius Pantea, Delia Gligor, Cecilia Anis
2、Abstract One of the central questions in entrepreneurship is why some firms succeed and others fail. Determining what factors influence performance has implications for prospective entrepreneurs, as well as advisors, investors, managers and so forth. Thus, using extensive data over a period of 14 ye
3、ars, this study explores and tests the sign of the relationship between microeconomic factors and financial performance. The dataset includes 55 Romanian industrial companies listed at the Bucharest Stock Exchange and covers the period of 1999-2012. Through a panel data analysis, results indicate th
4、at the sign of the relationship is positive and statistically significant; supporting the importance and independence of the sets of factors in explaining performance. Keywords: firm performance, performance measurement, return on assets, return on equity, microeconomic determinants; 1. Introduction
5、 The topic of performance is a recurrent theme in most branches of management, subjected to numerous debates in recent years, especially regarding terminology, levels of analysis and assessment. Although the importance of the performance concept is widely recognized, its treatment in research settin
6、gs is often lacking since numerous authors present performance measurement and improvement methods without a clear explanation of what is being measured or improved. As such, our research is focused on analyzing the connection between specific economic and organizational factors and firms performance, taking into account previous national and international studies and their results, using econometric modeling on data acquired from 55 Romanian companies during a period of 14 years (1999 - 2
