Corporate Finance Theories and Principles: Redundant (original) (raw)

Financial Crises. Aspects Regarding the Crisis Impact on the Romanian Capital Market

2011

Economic and financial stability, sustainability and durable development are top priorities to all world nations and this aspect must become no one for both European Union and Romania. Negative effects induced by the short time capital moves and of the different speculative assets bubbles must be restrained and strictly controlled by law and fiscal means. Those means must favour the

FINANCIAL CRISIS IMPACT ON THE DEVELOPMENT OF THE ROMANIAN CAPITAL MARKET

2012

The recent years have been characterized by important challenges in all areas of the society, mainly in the financial one. The financial markets crisis had a high impact on the stock exchange, affecting mostly the emergent markets, such as Romania, which experienced a severe consequences of the crisis. The main spot market of the stock exchanges was characterized by high volatility in the years following the subrime crisis, especially in 2008. These effects lead to a massive fall in the market value of most of the listed companies, at the same time with the decrease of the market cap and the average of the traded value. The decrease of the traded volume was not only generated by the foreign investors` reluctance to invest in the Romanian capital market, but also by the severe decrease of the prices of the listed companies.

An Analyses of Romanian Companies' Financing Decisions under Macroeconomic Influences

2008

The highly important issue by which a company ensures its required capitals, both as volume, and as structure in due time and at low costs renders the financing decision an essential role in the administration and management process. Selecting the capital structure at company level implies both setting the extent of financing from own, respectively loaned resources, and considering the procurement costs of these resources.

The Romanian Response To The Financial Crisis

… Economic Business Review, 2010

The importance of financial linkages among countries in the crisis spread, is currently a highly debated topic. Small shocks caused by the collapse of the financial system of a country can easily turn into a crisis, of dimensions that can be hardly imagined. There are several ...

The direction of the financial sectors involvement in overcoming crisis: A case study of Romania

African Journal of Business Management, 2010

In the present economic circumstances of economical-financial crisis on a worldwide level, for the Romanian economy, the financial sector, being a key factor, have a great importance for supporting economic growth. The aim of this paper is to analyse the finance-growth relation in Romania, using quarterly data and applying statistical methods for a period of nine years. As such, we measure the qualitative development in the banking sectors using the interest rate margin and the value of total credit. Due to specific characteristics of the economic situation in Romania and other previous studies related to economic growth and credit market development, our results provide the answer to the question of whether or not the economic growth rate is always sustained by the financial sector development. The major findings and conclusion are that, in Romania, a short-run increase of bank loan and interest rate margin determines a decrease of economic growth, given by the coefficients of regression equation.

PERSPECTIVES ON THE FINANCIAL INTERMEDIATION IN ROMANIA WITHIN CHANGING MARKET CONDITIONS

Within a short period of time, the Romanian financial institutions, corporate sector as well as household sector, moved from a period when the financial institutions enjoyed a rapid expansion, to a period of financial distress. Corporate sector use to have easy access to loans and risk management was not one of the priorities at that time. Times have changed and thus the structure of loans, deposits and overdue loans has changed. The paper analyses the changes and tries to give a short and medium time perspective on the market evolution

European Funds: Their Impact on Romania's Financial Stability

2016

The specialty literature doesn't offer a clear definition which is generally accepted for "the financial stability of a state". Generally, by "the financial stability of a state" one understands that "situation where the financial system of a state can attract and efficiently place money funds and in the same time faces future crisis, without jeopardizing the real economy of that state". Thus, starting form the above explanation about the financial stability of a state, the authors intended, by means of this article, to conceive an analysis regarding Romania's financial stability and the impact that European funds have on the country, respectivelly the impact of structural and investment funds on the financial stability.

Causes and effects of Romania deepening financial crisis. Short term means

Perspectives of Innovations, Economics and Business, 2011

Deepening and expanding financial crisis triggered in October 2008 in the U.S. and other countries is the event that has caused the utmost concern of the policy makers in the economy and society. Forecasts for Romania show a slowdown in economy. As the current global status indicates the likelihood of a major global economic crisis, we attempt through this study to identify the real causes of this deepening crisis in Romania. As well as public policy priorities to counteract the effects of the crisis and restore confidence of financial institutions and investors to Romania.

Analysis of the Romanian Financial Stability in the Context of the Economic Downturn

Annals - Economy Series, 2012

The main objective of our article is to analyze the financial stability of Romanian country, to highlight whether the envisaged period of our analysis (2009-2012) is or not a period of financial stability. The analysis reveals both, elements with good evolution, and vulnerabilities of the system, caused by poor macro-prudential orientation of policies on financial stability, the interdependencies and risk spreading techniques, characteristics to globalization. In addition, we have given the importance of both defining the concept of financial stability and ways to measure and characterize the financial system

EFFECTS OF FINANCIAL CRISIS ON THE MACROECONOMIC INDICATORS AND POSSIBLE SOLUTIONS TO REDRESS FOR ROMANIAN ECONOMY

2009

Opening ceremony Romanian local public finance decentralization Tatiana Moşteanu, Carmen Maria Lăcătuş / 13 The domestic economic policy -from macroeconomic influences to strengthening the competitive equity Ioan Cuzman, Daniel Manaţe, Pavel Fărcaş / 20 The performance of romanian open-end funds and the crisis context Carmen Corduneanu, Daniela Ţurcaş / 26 Financial crime and the securization of banking circuits in order to prevent and fight against money laundering Ion Stancu, Daniel Rece, Filip Iorgulescu / 34