STATISTICAL METHODS UTILIZED IN THE EVALUATION OF COMPANY FINANCIAL RESULTS

This paper is a practical study based on econometric analysis models that capture the causal link between the labor productivity and a company’s probability to make a profit. The objective of this research was to identify the level and the evolution of the different variables that have an impact on the size of a company’s profit. Therefor we will use a database, divided into 4 types of enterprises, on their size and on the regression model with the dependent variable binary. Such a model can be interpreted as a way to model the probability that the dependent variable could.Financial Results, Labour Productivity, Linear Probability Model, Probit Model, Logit Model

THE EVOLUTION OF FDI IN ROMANIA DURING THE PERIOD 1990-2009

FDI is a key factor for economic modernization through changes in production patterns, technology transfer and greater competition pressures. In the latest years, Romania has benefited from important FDI flows, mainly due to the privatization process, but also due to the advantages of cheap labor force and a big internal market. From the beginning of the transition period, Romania went through a rapid opening-up process of its economy, which has resulted, among others, in attracting significant foreign direct investment (FDI). The presence of foreign firms has grown significantly, which is a sign of increasing economic integration. In this paper we shall make an analysis of the FDI evolution in Romania using the data provided by the National Trade Register Office of Romania for the period 1990-2009 and National Institute of Statistics.economic development regions, regional disparities, foreign direct investments

The Hachemeister’s Algorithm for Heterogenous Portofolios

The Hachemeister’s model is based on an econometric essence combined with one of numeral analysis, both applied on goods insurance. The specific feature of using this type of numeral analysis model given other types of model for premium establishment is the fact that takes in consideration both the evolution in time of contracts number and of inflation’s effect over the value of demands showed during time and also the fact that it can be applied succesfully where we have to provide for an heterogenous risks portofolio.heterogenous portofolios, theory of credibility, risk premiums

THE REGIONAL DISPARITIES OF THE FDI IN ROMANIA

Following the collapse of communism, the countries of Central and Eastern Europe, have been forging strategies to attract foreign capital as a way of achieving sustained economic growth (Martin and Velăzquez, 2000). Foreign direct investment by multinational corporations plays an important role in the transformation of former centrally planned economies into vibrant market systems, since it provides an inflow of capital, management skills, and jobs, alongside increasing exports and transfer of technology. It is also perceived as one of the conditions paving the way for improving the competitiveness of the economy and enhancing the provision of goods and services for the domestic market. With the implementation of global and regional strategies by multinational corporations, the choice of location is becoming increasingly important, hence requiring a better understanding of the internationalization process and of the factors influencing the spatial distribution of FDI. There are substantial differences in economic performance across regions in virtually every nation. This suggests that many of the essential determinants of economic performance are to be found at the regional level (Porter, 2003, p.550). In this paper we shall make an analysis of regional disparities of the FDI in Romania using the data provided by the National Trade Register Office of Romania for the period 1991-2008 and National Institute of Statistics.foreign direct investments, regional disparities, multinational corporation, economic development

MODELS THAT EVALUATE THE VALUE OF THE FINANCIAL INSTRUMENTS. RECOGNITION AND MEASUREMENT UNDER INTERNATIONAL RULES

As the present financial markets have broadened and deepened, increasing numbers of firms are utilizing innovative financial instruments to accomplish business objectives and enhance shareholder value. It is crucial for the financial managers to keep abreast of available financial instruments, the business settings in which these instruments can create—and destroy—value, and modern analysis techniques for these instruments. A financial manager also should possess a basic understanding of the markets in which these instruments trade. The article provides a brief presentation of these instruments, along with some examples based on the International Accounting Standards 32 Financial instruments: disclosure and presentation and International Accounting Standards 39 Financial instruments: recognition and measurement.financial markets, financial instruments, financial assets, financial debts

THE RISK CONNECTION OF AN ORGANIZATION WITH INTERNAL AUDIT. SPECIFIC CORPORATE GOVERNANCE PRACTICES

There is risk in everything we do. A risk-free situation is one where we know exactly what will happen and there is no variation doubt, which is otherwise impossible. But not all risks have only a negative connotation, some of them can even create opportunities. A good risk management means to keep an unwanted risk in certain permissible limits and exploit its „opportune” side. Corporate governance represents an innovative method of supervision on firms’ activity. Executive boards now exert more and more influence, the investors become more and more pretentious, and the managers have become more aware of the key problems their business have to confront (every day). All these are tendencies that result from the higher importance laid on corporate governance in the business world. Given the reasons, this theme awoke in us a great attention, considering the present tendencies of organizing the management of companies. They consist in finding those ways that would prevent investors and the taxation from being manipulated.risk appetite, risk management, SOX model, corporate governance, the Cadbury Report

OPENING OF FINANCIAL STATEMENTS TOWARDS PROVISIONAL INFORMATION

The relevance of accounting information in making effective decisions cannot be reduced only to the retrodiction function. It should help users to evaluate past, present and future events. In this respect, there can be accepted the predictive function of accounting information in forecasting the financial position and performance, and the treasury of the company. To have predictive value, such information must be in the form of explicit forecasts through the provisional accounts as constructed in the present study.forecast, treasury, payments, asset, expenses, income, equity, liabilities

ACTUARIAL TECHNIQUES TO ASSESS THE FINANCIAL PERFORMANCE. INSURANCE APPLICATIONS

The XXI century was marked by the convergence and harmonization, this century is distinguished in that it lays the foundation of accounting actuarial, which is characterized by up to date values and actuarial calculations . Actuarial accounting is reflected best in insurance system. In the market economy, insurance system is on one hand a means of protecting the business and property of citizens, on the other hand a business that generates profits. From this context, we can say that the subject of actuarial accounting is the measurement and recognition of assets and result of the change in time value of money. Time is an important variable considered in any economic decision investing and financing

The Hachemeister’s Algorithm for Heterogenous Portofolios

The Hachemeister’s model is based on an econometric essence combined with one of numeral analysis, both applied on goods insurance. The specific feature of using this type of numeral analysis model given other types of model for premium establishment is the fact that takes in consideration both the evolution in time of contracts number and of inflation’s effect over the value of demands showed during time and also the fact that it can be applied succesfully where we have to provide for an heterogenous risks portofolio.heterogenous portofolios, theory of credibility, risk premiums