EuroEconomica, Vol 31, No 2 (2012)

Aggregated Index for Modelling the Influence of Financial Variables on Enterprise Performance

Nicoleta Barbuta-Misu


The aim of the paper is developing a financial performance aggregate index for modelling the relationship between some financial indicators and enterprise financial performance. The model was developed for enterprises acting in the building sector from Galati County – Romania, the source being bankruptcy risk models. To choose model variables was used discriminate analysis on 22 variables proposed that separate objectively performant by non-performant enterprises. The proposed model with five variables was tested using the initial sample of enterprises obtaining an average success ratio of 81.82%. Designing and development a model for evaluation financial performance is important and useful for ranking enterprises at national level.


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