{"id":"https://openalex.org/W2294548325","doi":"https://doi.org/10.1016/s2212-5671(15)01500-2","title":"Measuring the Performance of Romanian Listed Companies Considering their Individual Characteristics","display_name":"Measuring the Performance of Romanian Listed Companies Considering their Individual Characteristics","publication_year":2015,"publication_date":"2015-01-01","ids":{"openalex":"https://openalex.org/W2294548325","doi":"https://doi.org/10.1016/s2212-5671(15)01500-2","mag":"2294548325"},"language":"en","primary_location":{"id":"doi:10.1016/s2212-5671(15)01500-2","doi":"https://doi.org/10.1016/s2212-5671(15)01500-2","is_oa":true,"landing_page_url":"https://doi.org/10.1016/s2212-5671(15)01500-2","pdf_url":"https://www.sciencedirect.com/science/article/pii/S2212567115015002/pdf","source":{"id":"https://openalex.org/S2764481192","display_name":"Procedia Economics and Finance","issn_l":"2212-5671","issn":["2212-5671"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Procedia Economics and Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://www.sciencedirect.com/science/article/pii/S2212567115015002/pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5051403151","display_name":"Laura Brad","orcid":"https://orcid.org/0000-0002-0795-9922","observed_orcids":["https://orcid.org/0000-0002-0795-9922"]},"institutions":[{"id":"https://openalex.org/I88491126","display_name":"Bucharest University of Economic Studies","ror":"https://ror.org/04yvncj21","country_code":"RO","type":"education","lineage":["https://openalex.org/I88491126"]}],"countries":["RO"],"is_corresponding":true,"raw_author_name":"Laura Brad","raw_affiliation_strings":["Bucharest University of Economic Studies, 6, Romana Square, district 1, Bucharest, 010374, Romania"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bucharest University of Economic Studies, 6, Romana Square, district 1, Bucharest, 010374, Romania","institution_ids":["https://openalex.org/I88491126"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5113496720","display_name":"Anca Munteanu","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210090415","display_name":"Universitatea Petru Maior din T\u00eergu Mure\u015f","ror":"https://ror.org/009maf963","country_code":"RO","type":"education","lineage":["https://openalex.org/I3125032317","https://openalex.org/I4210090415"]}],"countries":["RO"],"is_corresponding":false,"raw_author_name":"Anca Munteanu","raw_affiliation_strings":["Petru Maior University T\u00eergu Mure\u015f, Nicolae Iorga street, nr.1, 540088, Romania"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Petru Maior University T\u00eergu Mure\u015f, Nicolae Iorga street, nr.1, 540088, Romania","institution_ids":["https://openalex.org/I4210090415"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5088285978","display_name":"Iulian Viorel Bra\u015foveanu","orcid":"https://orcid.org/0000-0001-8955-1682","observed_orcids":["https://orcid.org/0000-0001-8955-1682"]},"institutions":[{"id":"https://openalex.org/I88491126","display_name":"Bucharest University of Economic Studies","ror":"https://ror.org/04yvncj21","country_code":"RO","type":"education","lineage":["https://openalex.org/I88491126"]}],"countries":["RO"],"is_corresponding":false,"raw_author_name":"Iulian Viorel Brasoveanu","raw_affiliation_strings":["Bucharest University of Economic Studies, 6, Romana Square, district 1, Bucharest, 010374, Romania"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bucharest University of Economic Studies, 6, Romana Square, district 1, Bucharest, 010374, Romania","institution_ids":["https://openalex.org/I88491126"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5051403151"],"corresponding_institution_ids":["https://openalex.org/I88491126"],"apc_list":null,"apc_paid":null,"fwci":1.576,"has_fulltext":true,"cited_by_count":8,"citation_normalized_percentile":{"value":0.86563376,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":95},"biblio":{"volume":"32","issue":null,"first_page":"1225","last_page":"1235"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.9154999852180481,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.9154999852180481,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.04639999940991402,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.014299999922513962,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-performance","display_name":"financial performance","score":0.9020000100135803},{"id":"https://openalex.org/keywords/listed-companies","display_name":"listed companies","score":0.75},{"id":"https://openalex.org/keywords/romanian-firms","display_name":"Romanian companies","score":0.6230000257492065},{"id":"https://openalex.org/keywords/bucharest-stock-exchange","display_name":"Bucharest Stock Exchange","score":0.9629999995231628},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.8429999947547913},{"id":"https://openalex.org/keywords/liquidity-ratios","display_name":"liquidity ratios","score":0.972000002861023},{"id":"https://openalex.org/keywords/auditor-type","display_name":"auditor type","score":0.9290000200271606},{"id":"https://openalex.org/keywords/industrial-specialization","display_name":"industrial specialization","score":0.8650000095367432},{"id":"https://openalex.org/keywords/firm-age","display_name":"firm age","score":0.621999979019165},{"id":"https://openalex.org/keywords/regional-variation","display_name":"regional variation","score":0.4189999997615814},{"id":"https://openalex.org/keywords/ifrs-adoption","display_name":"IFRS adoption","score":0.7870000004768372},{"id":"https://openalex.org/keywords/return-on-equity","display_name":"return on equity","score":0.8069999814033508},{"id":"https://openalex.org/keywords/return-on-assets","display_name":"return on assets","score":0.9779999852180481}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6409958600997925},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.61591637134552},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.609895646572113},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.6011054515838623},{"id":"https://openalex.org/C155530773","wikidata":"https://www.wikidata.org/wiki/Q591174","display_name":"Return on equity","level":3,"score":0.5641632080078125},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.5353705286979675},{"id":"https://openalex.org/C199521495","wikidata":"https://www.wikidata.org/wiki/Q181487","display_name":"Audit","level":2,"score":0.5248544216156006},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.5134092569351196},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.5122865438461304},{"id":"https://openalex.org/C98014903","wikidata":"https://www.wikidata.org/wiki/Q832161","display_name":"Financial ratio","level":2,"score":0.5095794200897217},{"id":"https://openalex.org/C185669311","wikidata":"https://www.wikidata.org/wiki/Q1163221","display_name":"Return on assets","level":3,"score":0.4992520809173584},{"id":"https://openalex.org/C2779820595","wikidata":"https://www.wikidata.org/wiki/Q798505","display_name":"Listing (finance)","level":2,"score":0.49137774109840393},{"id":"https://openalex.org/C129400051","wikidata":"https://www.wikidata.org/wiki/Q7913","display_name":"Romanian","level":2,"score":0.43870794773101807},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4043271243572235},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.2510051131248474},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1016/s2212-5671(15)01500-2","doi":"https://doi.org/10.1016/s2212-5671(15)01500-2","is_oa":true,"landing_page_url":"https://doi.org/10.1016/s2212-5671(15)01500-2","pdf_url":"https://www.sciencedirect.com/science/article/pii/S2212567115015002/pdf","source":{"id":"https://openalex.org/S2764481192","display_name":"Procedia Economics and Finance","issn_l":"2212-5671","issn":["2212-5671"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Procedia Economics and Finance","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1016/s2212-5671(15)01500-2","doi":"https://doi.org/10.1016/s2212-5671(15)01500-2","is_oa":true,"landing_page_url":"https://doi.org/10.1016/s2212-5671(15)01500-2","pdf_url":"https://www.sciencedirect.com/science/article/pii/S2212567115015002/pdf","source":{"id":"https://openalex.org/S2764481192","display_name":"Procedia Economics and Finance","issn_l":"2212-5671","issn":["2212-5671"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Procedia Economics and Finance","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2294548325.pdf","grobid_xml":"https://content.openalex.org/works/W2294548325.grobid-xml"},"referenced_works_count":12,"referenced_works":["https://openalex.org/W1506367056","https://openalex.org/W1553009941","https://openalex.org/W1969366584","https://openalex.org/W1983804848","https://openalex.org/W2014609774","https://openalex.org/W2123745018","https://openalex.org/W2141432985","https://openalex.org/W2142202529","https://openalex.org/W2149781753","https://openalex.org/W2221215825","https://openalex.org/W2262472483","https://openalex.org/W3122176856"],"related_works":["https://openalex.org/W2208532898","https://openalex.org/W2173447374","https://openalex.org/W2146065764","https://openalex.org/W3150840233","https://openalex.org/W2075373049","https://openalex.org/W2232995086","https://openalex.org/W2276623477","https://openalex.org/W2749962343","https://openalex.org/W2560782768","https://openalex.org/W7113241349"],"abstract_inverted_index":{"The":[0,24,56,103,125,156],"aim":[1],"of":[2,33,44,138,153,161,239],"this":[3],"paper":[4],"is":[5,88,204],"to":[6,74],"provide":[7],"evidence":[8,107],"about":[9,108],"the":[10,14,34,45,47,61,70,109,113,136,140,143,154,159,165,168,171,174,179,194,198,202,237,256,271],"financial":[11,25,78,195,233,263],"performance":[12,26,264],"that":[13,16,72,92,111,182,213,265,266,267],"companies":[15,248],"are":[17,93,231],"listed":[18],"on":[19,97,216,220],"a":[20,98,188,191,261],"regular":[21,99],"market":[22,100],"obtained.":[23],"can":[27,241],"be":[28,242],"influenced":[29],"by":[30,228],"individual":[31,77],"characteristic":[32],"entity,":[35],"like:":[36],"size,":[37,167],"indebtedness":[38,176],"ratio,":[39,42,177],"and":[40,118,178,190,254],"liquidity":[41],"type":[43,137],"auditor,":[46,139],"industry":[48],"where":[49,170],"they":[50],"act":[51,273],"or":[52],"other":[53,275],"particular":[54],"features.":[55],"research":[57],"was":[58,209],"conducted":[59],"upon":[60],"Bucharest":[62],"Stock":[63],"Exchange":[64],"(BSE).":[65],"It":[66,211],"took":[67],"into":[68,123],"consideration":[69],"entities":[71,91],"have":[73,183],"report":[75],"their":[76],"statements":[79],"under":[80],"International":[81],"Financial":[82],"Reporting":[83],"Standards":[84],"(IFRS).":[85],"This":[86],"regulation":[87],"compulsory":[89],"for":[90,95],"admitted":[94],"listing":[96],"from":[101,225,249,255],"2012.":[102],"study":[104],"provides":[105],"proper":[106],"factors":[110],"influence":[112,238],"entities\u2019":[114],"performance.":[115,196],"Both":[116],"quantitative":[117],"qualitative":[119,126],"measures":[120],"were":[121,128],"taken":[122],"consideration.":[124],"elements":[127],"quantified":[129],"using":[130],"dummy":[131],"variables":[132,163],"(the":[133],"development":[134,276],"region,":[135],"specialization":[141,240],"field,":[142],"case":[144],"in":[145,187,200,274],"which":[146,201,236],"major":[147],"shareholder":[148],"has":[149],"more":[150],"than":[151],"50%":[152],"shares).":[155],"results":[157],"emphasize":[158],"important":[160],"several":[162],"(i.e.":[164],"company's":[166,175,180],"region":[169,253,258],"entity":[172],"acts,":[173],"age)":[181],"significantly":[184],"influenced,":[185],"both":[186],"positive":[189],"negative":[192],"way,":[193],"Considering":[197,245],"area":[199],"company":[203,272],"specialized,":[205],"no":[206],"reliable":[207,232],"information":[208],"detected.":[210],"seems":[212],"neither":[214,218,222],"return":[215,219],"equity,":[217],"assets,":[221],"cash":[223],"flow":[224],"operation":[226],"divided":[227],"total":[229],"assets":[230],"measure":[234],"though":[235],"properly":[243],"reflected.":[244],"geographical":[246],"regions,":[247],"nord":[250],"-":[251],"west":[252,257],"do":[259],"obtained":[260,269],"lower":[262],"it's":[268],"if":[270],"region.":[277]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2018,"cited_by_count":1}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2016-06-24T00:00:00"}