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dc.contributor.author
Cosma, Adrian
en
dc.date.accessioned
2015-06-04T17:56:08Z
dc.date.available
2015-09-27T05:56:45Z
dc.date.issued
2015-06-04
dc.identifier.uri
https://repository.ihu.edu.gr//xmlui/handle/11544/189
dc.rights
Default License
dc.title
Access To Financing For Companies In Romania
en
heal.type
masterThesis
heal.language
en
heal.access
free
el
heal.license
http://creativecommons.org/licenses/by-nc/4.0
heal.recordProvider
School of Economics, Business Administration and Legal Studies, Executive MBA
heal.publicationDate
2012
heal.bibliographicCitation
Cosma Adrian, 2012, Access To Financing For Companies In Romania, Master's Dissertation, International Hellenic University
en
heal.abstract
The empirical subject aims to compare listed companies on BSE relative to non listed competitors in order to asses performance of the two groups and to investigate if listed companies have better financial results and carries lower levels of debt. Many companies are overleveraged and indebted having difficulties to de-leverage and being captive in front of bank financing. The subject is actual and interesting because of the awareness the investors needs to have on the financing possibilities for a company on the local market and as to gain a better view of the local conditions for companies. The results show that listed companies have a smaller total debt per equity figure, thus non listed companies carrying a higher ratio of debt being and being more leveraged; the debt burden of non listed companies is seen in the net profit margin figure. Even though we see few listings on BSE it seems that access to capital markets pay off for businesses.
en
heal.tableOfContents
List of Tables .......................................................................................................................................................... 5 List of Figures ......................................................................................................................................................... 5 SECTION I – INTRODUCTION .......................................................................................................................... 6 A. ECONOMICAL OVERVIEW….……………………………………………………………………………………..6 B. THE CAPITAL STRUCTURE….……………………………………………………………………………………12 C. FINANCING THROUGH BUCHAREST STOCK EXCHANGE …………………………….……………15 D. PRIVATE EQUITY ….…………………………………………………………………………………………………18 SECTION II – LITERATURE REVIEW ...........................................................................................................20 SECTION III – DATA ..........................................................................................................................................26 SECTION IV – EMPIRICAL STUDY .................................................................................................................28 A. SUMMARY STATISTICS OF COMPANIES IN ROMANIA………..……………………………………28 B. FINANCIAL RATIOS ANALYSIS………………………………………………………….………………………30 C. ACCESS TO FINANCE…………………………………………………………………….…………………………35 SECTION V – CONCLUSIONS ..........................................................................................................................37 BIBLIOGRAPHY .................................................................................................................................................. .40 APPENDIX ………………………………………………………………………………………………………………………………42
en
heal.advisorName
Levis, Mario
en
heal.committeeMemberName
Leventis, Stergios
en
heal.committeeMemberName
Kosmidou, Kyriaki
en
heal.committeeMemberName
Anagnostopoulou, Seraina
en
heal.academicPublisher
School of Economics and Business Administration, Executive MBA programme
en
heal.academicPublisherID
ihu
heal.numberOfPages
57
heal.fullTextAvailability
true


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