Finante - provocarile viitorului (Finance - Challenges of the Future), 2017
The present work has great importance for the economic and financial area due to the fact that ta... more The present work has great importance for the economic and financial area due to the fact that targets the relevance of the financial indicators in anticipation of the stock variation. The aim is to measure the correlation, the type and intensity, between the variation of stock market profitability and the profitability of the securities traded by banks in Romania, listed on the BSE. The research is approached transversely (banks in Romania listed on the stock market) as well as longitudinally (from the date of listing on the Stock Exchange of each bank until 31.12.2016). Using the econometric model Eviews we tested the correlation between the profitability of BRD, BT, BCC bank`s securities and the profitability of Bucharest Stock Exchange, by BET and BET-C. The results show that the research hypothesis isn't validated for any of those banks.
In the present, risks are always present, but this thing doesn’t mean that the society can’t carr... more In the present, risks are always present, but this thing doesn’t mean that the society can’t carry on the economic activity in conditions of a favorable result. Through the risks to which the entity is subject, an important place is the risk of bankruptcy. The level of this risk can be determined by using of large number of liquidity and solvability indicators on the base of dates from the balance of accounts and from the profit and loosing cont. In this paper is analyzed by comparison the risk of bankruptcy of companies listed at Bucharest Stock Exchange from three sectors of activity: production, commerce and tourism. It is analyzed the evolution of score Z, indicator representative for the risk of bankruptcy, on a period of 14 years (2002-2015), enough for every society and sector. The sample of 15 enterprises has been formed on basis of information available for this research. After analysis of results, we notice that the best results concerning the risk of bankruptcy are recorded in the commerce sector and on the last place is situated the tourism sector. In an future approach we will continue the research on a larger number of enterprises, and we will analyze the cause that lead to bankruptcy of societies, emphasizing to elaborate a systems which lead to a lower level the risk of bankruptcy.
International journal of Economics and Business Administration, Dec 1, 2015
At present many company leaders of assimilate the insurance of quality with a rule imposed from t... more At present many company leaders of assimilate the insurance of quality with a rule imposed from the outside and with an administrative act, which is an error. The biggest impediment in implementing the systems of quality insurance is the fact that producers do not acknowledge its economic advantages. Quality is seen as a desired social objective but its contributions to the profit of the company are considered to be marginal. This paper aims to putting into emphasis the total interdependence between the concept regarding the quality insurance and the commercial success, redefining in economic terms the objectives and the actions necessary for the implementation of the system of quality insurance. The production of quality products is not something sufficient. The costs of realizing the objectives must be carefully observed, so that the long term effect of the quality costs within the company be the desired one. That is why it is important that the efficiency of a system of quality be measured in economic terms. The costs of quality do not distinguish themselves from the other types of costs. Just as the costs for maintenance, projection, production, sale and other activities, they can be measured and analyzed in the stages of the product's life cycle, as well as in all the operational levels of the company.
This paper aims to research economic entities accounting compliance with the requirements of Inte... more This paper aims to research economic entities accounting compliance with the requirements of International Accounting Standard IAS 7 "Cash Flow Statements". In this respect, the index is calculated according to the requirements of IAS 7 for each economic entity in the sample analyzed. With Pearson coefficient is checked whether or not correlation between the index under the following economic sizes: financial leverage, size enterprise, enterprise performance.
Annals of University of Craiova - Economic Sciences Series, 2011
The necessity of cash flow appears in the context of the limits of the balance sheet and of the p... more The necessity of cash flow appears in the context of the limits of the balance sheet and of the profit and loss account in the reflection of the financial and accounting information. Although the profit and loss account provides a dynamical image of the activity of a company, it does no allow for obtaining an image of the financial cash flows that change the financial structure of the company or that change the company's cash. The information related to the cash flows of an entity is useful for the users of the financial statements in the economic decision-making process, because it is a basis for the assessment of the entity's capacity to generate cash and cash equivalents, as well as the usefulness of such cash flows. The company performance analysis based only on indicators calculated with the help of the profit and loss account is often relative and, therefore, it results in the need to determine the entity's capacity to generate cash or cash equivalents. Intermediate management balances are mere intellectual formalizations of potential gains that, in the context of the accrual accounting, create a hypothetical dimension of the company performance. Free cash flows should not be interpreted in a simplistic manner based on their negative or positive value.
Finante - provocarile viitorului (Finance - Challenges of the Future), 2013
The paper presents some aspects regarding adoptatǎ strategy to resolve the crisis in Cyprus finan... more The paper presents some aspects regarding adoptatǎ strategy to resolve the crisis in Cyprus financial system and the effects of such approaches used the euro area, but especially on the banking sector in the European Union. From our perspective we considered as an important thing to understand what happened in Cyprus, how to intervene in this crisis to be able to appreciate necessary changes (if they are really necessary) in the banking system construction, so that banks can adopt such measures by the resolution of future banking crises in the euro area and improving of banking system situation, in the sense that it have not to be necessary a new intervention into the future.
In the present, risks are always present, but this thing doesn’t mean that the society can’t carr... more In the present, risks are always present, but this thing doesn’t mean that the society can’t carry on the economic activity in conditions of a favorable result. Through the risks to which the entity is subject, an important place is the risk of bankruptcy. The level of this risk can be determined by using of large number of liquidity and solvability indicators on the base of dates from the balance of accounts and from the profit and loosing cont. In this paper is analyzed by comparison the risk of bankruptcy of companies listed at Bucharest Stock Exchange from three sectors of activity: production, commerce and tourism. It is analyzed the evolution of score Z, indicator representative for the risk of bankruptcy, on a period of 14 years (2002-2015), enough for every society and sector. The sample of 15 enterprises has been formed on basis of information available for this research. After analysis of results, we notice that the best results concerning the risk of bankruptcy are record...
The rhythm of significant growth of the credit, as well as the conduction of it preponderantly to... more The rhythm of significant growth of the credit, as well as the conduction of it preponderantly towards the population represents characteristics met in Romania until middle of 2008 year. Before these evolutions, the Romanian banks appeared to have found the necessary instruments for a corresponding management of the crediting process. Since October of last year, the event fund the consequences of international financial crisis, witnessing a phenomenon to halt the credit. Among the products that I estimate that the Romanian banking sector will preponderantly use are: credits designated to the acquisition of goods of long term use; credit cards; mortgage credits; derived financial instruments.
Finante - provocarile viitorului (Finance - Challenges of the Future), 2017
The present work has great importance for the economic and financial area due to the fact that ta... more The present work has great importance for the economic and financial area due to the fact that targets the relevance of the financial indicators in anticipation of the stock variation. The aim is to measure the correlation, the type and intensity, between the variation of stock market profitability and the profitability of the securities traded by banks in Romania, listed on the BSE. The research is approached transversely (banks in Romania listed on the stock market) as well as longitudinally (from the date of listing on the Stock Exchange of each bank until 31.12.2016). Using the econometric model Eviews we tested the correlation between the profitability of BRD, BT, BCC bank`s securities and the profitability of Bucharest Stock Exchange, by BET and BET-C. The results show that the research hypothesis isn't validated for any of those banks.
In the present, risks are always present, but this thing doesn’t mean that the society can’t carr... more In the present, risks are always present, but this thing doesn’t mean that the society can’t carry on the economic activity in conditions of a favorable result. Through the risks to which the entity is subject, an important place is the risk of bankruptcy. The level of this risk can be determined by using of large number of liquidity and solvability indicators on the base of dates from the balance of accounts and from the profit and loosing cont. In this paper is analyzed by comparison the risk of bankruptcy of companies listed at Bucharest Stock Exchange from three sectors of activity: production, commerce and tourism. It is analyzed the evolution of score Z, indicator representative for the risk of bankruptcy, on a period of 14 years (2002-2015), enough for every society and sector. The sample of 15 enterprises has been formed on basis of information available for this research. After analysis of results, we notice that the best results concerning the risk of bankruptcy are recorded in the commerce sector and on the last place is situated the tourism sector. In an future approach we will continue the research on a larger number of enterprises, and we will analyze the cause that lead to bankruptcy of societies, emphasizing to elaborate a systems which lead to a lower level the risk of bankruptcy.
International journal of Economics and Business Administration, Dec 1, 2015
At present many company leaders of assimilate the insurance of quality with a rule imposed from t... more At present many company leaders of assimilate the insurance of quality with a rule imposed from the outside and with an administrative act, which is an error. The biggest impediment in implementing the systems of quality insurance is the fact that producers do not acknowledge its economic advantages. Quality is seen as a desired social objective but its contributions to the profit of the company are considered to be marginal. This paper aims to putting into emphasis the total interdependence between the concept regarding the quality insurance and the commercial success, redefining in economic terms the objectives and the actions necessary for the implementation of the system of quality insurance. The production of quality products is not something sufficient. The costs of realizing the objectives must be carefully observed, so that the long term effect of the quality costs within the company be the desired one. That is why it is important that the efficiency of a system of quality be measured in economic terms. The costs of quality do not distinguish themselves from the other types of costs. Just as the costs for maintenance, projection, production, sale and other activities, they can be measured and analyzed in the stages of the product's life cycle, as well as in all the operational levels of the company.
This paper aims to research economic entities accounting compliance with the requirements of Inte... more This paper aims to research economic entities accounting compliance with the requirements of International Accounting Standard IAS 7 "Cash Flow Statements". In this respect, the index is calculated according to the requirements of IAS 7 for each economic entity in the sample analyzed. With Pearson coefficient is checked whether or not correlation between the index under the following economic sizes: financial leverage, size enterprise, enterprise performance.
Annals of University of Craiova - Economic Sciences Series, 2011
The necessity of cash flow appears in the context of the limits of the balance sheet and of the p... more The necessity of cash flow appears in the context of the limits of the balance sheet and of the profit and loss account in the reflection of the financial and accounting information. Although the profit and loss account provides a dynamical image of the activity of a company, it does no allow for obtaining an image of the financial cash flows that change the financial structure of the company or that change the company's cash. The information related to the cash flows of an entity is useful for the users of the financial statements in the economic decision-making process, because it is a basis for the assessment of the entity's capacity to generate cash and cash equivalents, as well as the usefulness of such cash flows. The company performance analysis based only on indicators calculated with the help of the profit and loss account is often relative and, therefore, it results in the need to determine the entity's capacity to generate cash or cash equivalents. Intermediate management balances are mere intellectual formalizations of potential gains that, in the context of the accrual accounting, create a hypothetical dimension of the company performance. Free cash flows should not be interpreted in a simplistic manner based on their negative or positive value.
Finante - provocarile viitorului (Finance - Challenges of the Future), 2013
The paper presents some aspects regarding adoptatǎ strategy to resolve the crisis in Cyprus finan... more The paper presents some aspects regarding adoptatǎ strategy to resolve the crisis in Cyprus financial system and the effects of such approaches used the euro area, but especially on the banking sector in the European Union. From our perspective we considered as an important thing to understand what happened in Cyprus, how to intervene in this crisis to be able to appreciate necessary changes (if they are really necessary) in the banking system construction, so that banks can adopt such measures by the resolution of future banking crises in the euro area and improving of banking system situation, in the sense that it have not to be necessary a new intervention into the future.
In the present, risks are always present, but this thing doesn’t mean that the society can’t carr... more In the present, risks are always present, but this thing doesn’t mean that the society can’t carry on the economic activity in conditions of a favorable result. Through the risks to which the entity is subject, an important place is the risk of bankruptcy. The level of this risk can be determined by using of large number of liquidity and solvability indicators on the base of dates from the balance of accounts and from the profit and loosing cont. In this paper is analyzed by comparison the risk of bankruptcy of companies listed at Bucharest Stock Exchange from three sectors of activity: production, commerce and tourism. It is analyzed the evolution of score Z, indicator representative for the risk of bankruptcy, on a period of 14 years (2002-2015), enough for every society and sector. The sample of 15 enterprises has been formed on basis of information available for this research. After analysis of results, we notice that the best results concerning the risk of bankruptcy are record...
The rhythm of significant growth of the credit, as well as the conduction of it preponderantly to... more The rhythm of significant growth of the credit, as well as the conduction of it preponderantly towards the population represents characteristics met in Romania until middle of 2008 year. Before these evolutions, the Romanian banks appeared to have found the necessary instruments for a corresponding management of the crediting process. Since October of last year, the event fund the consequences of international financial crisis, witnessing a phenomenon to halt the credit. Among the products that I estimate that the Romanian banking sector will preponderantly use are: credits designated to the acquisition of goods of long term use; credit cards; mortgage credits; derived financial instruments.
Uploads
Papers by Jenica Popescu