Access To Financing For Companies In Romania

This item is provided by the institution :

Repository :
IHU Repository
see the original item page
in the repository's web site and access all digital files if the item*

2012 (EN)
Access To Financing For Companies In Romania (EN)

Cosma, Adrian (EN)

Leventis, Stergios (EN)
Anagnostopoulou, Seraina (EN)
Kosmidou, Kyriaki (EN)
Levis, Mario (EN)
School of Economics, Business Administration and Legal Studies, Executive MBA (EN)

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)


Διεθνές Πανεπιστήμιο της Ελλάδος (EL)
International Hellenic University (EN)


School of Economics and Business Administration, Executive MBA programme (EN)

*Institutions are responsible for keeping their URLs functional (digital file, item page in repository site)