Assessing Financial Equilibrium of the Romanian Companies Traded at Bucharest Stock Exchange

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.net assets, net working capital, net working capital required, net treasury, financial rates, stability.

TRENDS AND CHALLENGES OF ROMANIAN BROKERAGE INSURANCE MARKET

The distribution of insurance products represents a key aspect regarding theattainment of positive results by insurers. Insurance brokers represent one of the majordistribution channels in some national markets, including Romania. The present paper aimsat highlighting the importance of insurance brokerage on the Romanian market, analyzing theevolution of brokers in quantitative terms and also grasping the main characteristics of therecent evolution of this market. Based on the official statistics, the paper emphasizes the mainmanagerial aspects that have guided and will guide the Romanian brokerage market, as wellas the challenges brokers will have to solve in order to have a positive development.insurance, brokers, distribution channels

ROLE OF INFORMATION IN ADOPTION OF INVESTMENT DECISIONS ON CAPITAL MARKET

Keeping information is a hard thing to do nowadays, mostly because of the development of communication and informational technology. An individual can hardly administer the huge amount of information he’s being bombarded with and that exceed his capacit

Analysis of the Local Budget’s Expenditures Structure at Different Types of Administrative Units in Romania

Financial decentralization process affected the expenditure part of the local budgets in Romania by imposing new destinations for own revenues, but also by limiting the decision autonomy because of the equalization system design or the transfer of responsibilities without establishing new sources of revenues. But the effects on the local budgets are not the same for every administrative unit. The article highlights the structure of expenditures of local budgets for different types of administrative unit, for identifying variations in and potential causes of the financial autonomy regarding local expenditures

AGRICULTURAL INSURANCE IN ROMANIA

Production risks, meaning weather and climate related risks, affecting agricultural activities could be managed through agricultural insurance. First, the paper presents the specific production risk in agriculture and the tools that are used to manage i

ICT Penetration and Insurance Sector Development: Evidence from the 10 New EU Member States

The insurance sector provides protection to individuals and businesses against many types of risks and also promotes economic growth, being an important source of long-term capital. Analyzing factors that facilitate insurance sector development is important for both individuals and the entire economy. The purpose of this study is to investigate the relationship between information and communication technologies (ICT) represented by mobile cellular subscriptions per 100 people and individuals using the Internet (% of population) and insurance sector development represented by insurance company assets to GDP (%). Using data from 10 new member states of the European Union for the period 2000–2020, this study reveals a mutual interaction between ICT penetration indicators and insurance sector development. Furthermore, a regression analysis reveals that Internet penetration has a significant positive influence on insurance sector growth. Specifically, at the country level, the results indicate the existence of bidirectional causality between mobile cellular subscriptions and the insurance sector in Latvia, Poland, and Slovakia, and unidirectional causality between insurance and mobile cellular subscriptions in Estonia and Hungary