Analyzing the Correlation and Influence of Asset Management on Financial Balance. Case Study Horeca Sector in Dolj County

• Main Authors: Silviu-Valentin Cârstina, Elena Bonescu, Olimpia Livia Preda Buzgurescu
• Format: Article
• Language: English
• Published: Ovidius University Press 2019-01-01
• Series: Ovidius University Annals: Economic Sciences Series
• Subjects: active management; financial equilibrium; correlation
• Online Access: http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2019/08/2-5.pdf

The research work consists in analyzing the correlation and influence of the indicators that reflect the way in which the company's assets were managed on the financial equilibrium of the economic entities, for example the horeca sector. In order to determine the influence and the correlation it was necessary to determine several indicators, such as in the case of asset management: the speed of rotation of the stocks, the speed of rotation of the receivables, the rotation speed of the circulating assets, the financing of the fixed assets, efficiency in the use of total assets, and in the case of financial balance: financial autonomy rate, financial stability rate and overall solvency. In order to analyze the correlation between the indicators, the Pearson correlation index, determined by statistical program S.P.S.S. After determining the correlation between the indicators, the influence of the asset management indicators on the financial equilibrium indicators was determined, the method used in this respect being the chain substitution method.