Theoretical and Applied Economics
No. 4 / 2011 (557)
Exploratory Study Regarding the Commercial Credit Policy of Romanian Companies
“Alexandru Ioan Cuza” University, Iaşi
Daniela CIOTINĂ
“Alexandru Ioan Cuza” University, Iaşi
Marilena MIRONIUC
“Alexandru Ioan Cuza” University, Iaşi
Abstract. The purpose of this paper is to reveal the commercial credit policy adopted by Romanian companies and its influence on the level of liquidity, analyzed using absolute measure indicators – net cash – and relative measure indicators – the immediate liquidity ratio. 50 companies quoted in the Bucharest Stock Exchange have been selected, based on the annual financial statements for the period 2006-2008. It is one of the few studies that aim at analyzing longitudinally the commercial credit policy adopted by Romanian companies. The study reveals that average payment delays of the debts to the providers is higher than the average customer debt collection, but the commercial credit policy does not exert any significant influence over the liquidity of the analyzed companies.
Keywords: commercial credit policy; liquidity; decisional impact; correlation; regression model.
Contents
- Linear, Step by Step Managerial Performance, versus Exponential Performance
George MOLDOVEANU
Ion Gh. ROŞCA
- Exploratory Study Regarding the Commercial Credit Policy of Romanian Companies
Cristina-Ionela FĂDUR
Daniela CIOTINĂ
Marilena MIRONIUC
- A Critical Examination of Foreign Aid Policy. Why it Fails to Eradicate Poverty?
Vasile DEDU
Gabriel STAICU
Dan Costin NIŢESCU
- Does Corporate Governance Impact Risk Management System?
Petre BREZEANU
Mohammed Subhi Al ESSAWI
Dorina POANTA
Leonardo BADEA
- Quality Management and the Reform
of Public Administration in Several States
in South-Eastern Europe. Comparative Analysis
Lucica MATEI
Corina-Georgiana LAZĂR
- Transfer Pricing in the European Union
Gheorghe MATEI
Daniela PÎRVU
- The Relationship between Gender Type in Mentorship
and Mentees’ Advancement:
An Empirical Study in Malaysia
Azman ISMAIL
Michael KHO KHIAN JUI
Norshima ZAINAL SHAH
- The Global Economic Crisis. Challenges for SMEs in Romania
Roxana Gabriela HODOROGEL
- Tourism Heritage – An Important Dimension
for Assessing|Shaping a City’s Image.
Study Case: Bucharest
Aurelia-Felicia STĂNCIOIU
Nicolae TEODORESCU
Ion PÂRGARU
Anca-Daniela VLĂDOI
Codruţa BĂLTESCU