DETERMINANTS OF FIRM PERFORMANCE: EVIDENCE FROM ROMANIAN LISTED COMPANIES
DETERMINANTS OF FIRM PERFORMANCE: EVIDENCE FROM ROMANIAN LISTED COMPANIES
Author(s): Sebastian LazărSubject(s): Business Economy / Management, Accounting - Business Administration
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: firm performance; firm-specific determinants;
Summary/Abstract: The paper investigates firm-specific determinants of firm profitability for Romanian listed companies over the 2000-2011 period within the framework of resource based view of the firm. The results show that tangibles, leverage, size and labour intensity have negative effect on firm performance, while sales growth and value added have a positive effect. The results prove robust when introducing two-way fixed effects model and industry year effects model (in order to simultaneously account for specific industry characteristics and time effects).
Journal: Review of Economic and Business Studies (REBS)
- Issue Year: 2016
- Issue No: 17
- Page Range: 53-69
- Page Count: 17
- Language: English
