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Empirical Study on the Efficiency of the Companies Financing Process through Statistical Analysis

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Abstract.
The current economic context, characterized by strong slippages, at the real and financial flows,
request, in order to maintain stability and favorable evolution of the enterprise, a fair and
efficient substantiation of the decision process. Such need is found, especially, in the area of
corporate finance. In this respect, managers must be given tools used in assessing the adequacy
of existing financial structure construction and to indicate future directions of action regarding
release of funds demand. This article addresses this area by focusing on two coordinates: the
study of links that are established between the characteristics of entities (capital structure
ratios, activity field) and the development of the dimension of corporate value, expressed by
increase / decrease index of asset capitalization, obtaining in this way a profile of the
enterprises related to the efficiency of the financing policy, and develop a mathematical model
to classify firms in performance group, using the as the same efficiency criterion in choosing the
financing sources. Data considered in the study are taken from financial statements of listed
companies to Bucharest Stock Exchange, considering a sample of 80 units that constitute the
working group. To achieve the research objectives were used as working methods: ratios
technique, multiple correspondence factorial analysis, principal component analysis and
discriminant analysis. Data processing was performed using the statistical software SPSS 19.00.

Keywords: funding process, financial structure, econometric model, performance groups,
discriminant analysis.

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Ketersediaan

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Informasi Detail

Judul Seri

Communications of the IBIMA

No. Panggil

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Penerbit

: IBIMA Publishing., 2012

Deskripsi Fisik

Communications of the IBIMA.

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

Vol. 2012 (2012)

Subjek

EKONOMI KEUANGAN

Info Detail Spesifik

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Pernyataan Tanggungjawab

agus

Versi lain/terkait

Lampiran Berkas

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