Analysis of the Financial Equilibrium on the Building Sector - Case of Romania

This paper is in fact an analysis of the financial equilibrium on the building sector in the period 2001 – 2006 of a sample of 11 enterprises from Galati County – Romania. The aim of this analysis is reflecting to the microeconomic level of the financial equilibrium of enterprises belongs to the building sector as well as the influence on the financial equilibrium of the sector exerted by some enterprises which hold a significant weight.financial equilibrium, building sector, financial balance sheet, financial working capital, net treasury

The enterprise’ performance in the knowledge based society

As in the traditional enterprise, the performance of the enterprises in the knowledge based society is expressed through the same well-known financial indicators: return on equity, the profit margin, return on assets, gross margin, asset turnover, inventory turnover, the collection period, days’ sales in cash, payable period, fixed-asset turnover, balance sheet rations, coverage rations, market value leverage rations, liquidity ratios, return on invested capital and many others. But, the differences that appear are in the way of acquiring at this performance in the enterprises. The actual knowledge based society is promoting the methods and models of the rational management that will lead to performance acquiring by the enterprises. Although as a first step, the reference to financial character as income statement, balance sheet, schedules to a balance sheet started to include references to the brain capital that is considered the success key in the businesses. In this paper I intend to present the effects on enterprise’ financial performance of the main components of the brain capital: the human capital characterised through the employees’ competences and skills; organizational capital that defines the internal structures of the enterprises, inclusively the informatics structure and social capital, related to the enterprise relations with thirds (investors, banks, customers, suppliers etc.). The brain capital mustn’t be looked as a present vogue but as a necessity of its consideration and evaluation thus to the old economic-financial rules used in decision making to be added and the knowledge/information decision.enterprise’ performance, knowledge based society, ICTs, brain capital, social capital

Analysis of the Financial Equilibrium on the Building Sector - Case of Romania

This paper is in fact an analysis of the financial equilibrium on the building sector in the period 2001 – 2006 of a sample of 11 enterprises from Galati County – Romania. The aim of this analysis is reflecting to the microeconomic level of the financial equilibrium of enterprises belongs to the building sector as well as the influence on the financial equilibrium of the sector exerted by some enterprises which hold a significant weight.financial equilibrium, building sector, financial balance sheet, financial working capital, net treasury

The Recovering of the Finances by the State Budget

In this paper is presented a case study realized on an enterprise which has debts to the state budget. The scope of this paper is to show how the State is able to collect its finances from the economic agents more efficient and the economic agents have the possibility to pay off their debts using an effective system, established according to everyone’s needs based on a set of criteria’sfinances, state budget, facilities, exemptions

The Effects of Financing on Enterprise Performance

In this paper we are proposing to approach a theme very topical in our country: choose of the most profitable and comfortable sources of financing. The major objective of research in this work is the foundation of essential decisions in the enterprise activity that faces one of the most pressing problems: the search for a reliable source of funding. This foundation is based on the compared calculation to a series of financial indicators. Also, we are reflecting the impact of the operational leasing compared to the banking credit on the enterprise's financial situation, assessing the financial indicators, static and in dynamics by discounting of the financial flows generated, and choice of financing source considered the best and most advantageous to the enterprise “SCENT”. In the end of the paper are presented synthetic the main conclusions drawn from the analysis, related on operational leasing and its benefits and limits compared with the banking loan.financing sources, financial performance, banking loan, operational leasing, static and dynamic financial analyze, business administration

THE ENTERPRISE SELF-FINANCING – THE TAXATION IMPACT UPON SELF-FINANCING DECISION

This work study the self-financing problematic, with particular emphasis on their benefits for the enterprise, but also for shareholders, on domestic or external factors that influence the self-financing decision and its level, on the relationship between self-financing and depreciation, degree of debt and profitability and not in the last line on the self-financing cost. In the factors that acting on the self-financing decision was granted a special attention to taxation, whose impact has been analyzed for various amounts of the tax on dividend and the tax on capital gains.cost of capital, profitability, own capital, retained profit, dividends

The profitability – risk relationship and financing decision

The enterprise financial decision is a rational process for option to the optimal variant related to financing and investments. For the capital investment to be justified, the profitability of the invested money must be at least equal with the profitability of the alternative investment opportunities with the same risk on market. The choosing of a way for financing is determined on the one side by their cost and on the other side by the existent capital structure. In this paper I tried to analyse the profitability – risk relationship in the financing decision for the “NIKOS” Ltd.financing decision, profitability, risk, market value of the enterprise, capital structure

The Profitability – Risk Relationship and Financing Decision

The enterprise financial decision is a rational process for option to the optimal variant related to financing and investments. For the capital investment to be justified, the profitability of the invested money must be at least equal with the profitability of the alternative investment opportunities with the same risk on market. The choosing of a way for financing is determined on the one side by their cost and on the other side by the existent capital structure. In this paper I tried to analyse the profitability – risk relationship in the financing decision for the “NIKOS” Ltd.financing decision, profitability, risk, market value of the enterprise, capital structure

The recovering of the finances by the state budget

In this paper is presented a case study realized on an enterprise which has debts to the state budget. The scope of this paper is to show how the State is able to collect its finances from the economic agents more efficient and the economic agents have the possibility to pay off their debts using an effective system, established according to everyone’s needs based on a set of criteria’s.finances, state budget, facilities, exemptions

Financial Performance Evolutions of Textile Sector Enterprises

The complete liberalization of international trade led to important changes in financial performances of the national enterprises. This paper has in view to present the consequences of these changes from the macroeconomic level to microeconomic level. Thus, indicators of the financial performance for three enterprises at the textile sector from Galati are studied selectively. The scope of this study is both to realize a financial performance hierarchy and to present of their evolution directions in the future.financial performance, textile sector, intermediary balances, profitability, liquidity, solvency