Assessment of Financial Stability in Agricultural Companies and Implications for the Community in Romania

Authors: Turek Rahoveanu Maria Magdalena, Dragos Sebastian Cristea, Adrian Gheorghe Zugravu, Adrian Turek Rahoveanu, Constanta Laura Zugravu

DOI: https://doi.org/10.37082/IJIRMPS.ICTIMESH-23.6

Short DOI: https://doi.org/mgdq

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Abstract: This research examines the stability vs. responsibility of a company (CAEN code 29) by evaluating its philanthropic behavior, financial performance, social inclusion, and financial stability, focusing on annual data from 2005-2019. The results suggest that the stability of a company assessed with age and size has a positive impact on the three factors. The purpose of the analysis is to explore the issue of sustainable development at the regional level, namely in the Southeast Region, Romania by offering a model for evaluating the activity of companies in the industry, agriculture, and services doubled by the interest shown by employees, in the sense of developing the educational level, specialization them. The relationships between the main indicators of the accounting balance sheets of the last 14 years are studied as the source of evaluation and the typology of philanthropic activities in which the company is active. The case study follows developments at the European level and the possibility of attracting new funding is discussed, namely "Financing the Future" which will lead to the improvement of companies' knowledge with best practices, methodologies, and practical advice of using stability metrics to measure business performance and improve internal processes (impact measurement); how the role of health of a company can contribute to the successful integration of stability into the company's financial decision-making process; how to streamline the value of sustainable investments to stakeholders, taking into account the input given by international organizations such as the United Nations Global Compact (UNGC) and the Global Reporting Initiative (GRI).

Keywords: Sustainable Development, Sustainable Production

Paper Id: 3.106

Published On: 2024-01-23

Published In: Special Issue - International Conference on Trends & Innovations in Management, Engineering, Sciences and Humanities (January 2024)

Cite This: Assessment of Financial Stability in Agricultural Companies and Implications for the Community in Romania - Turek Rahoveanu Maria Magdalena, Dragos Sebastian Cristea, Adrian Gheorghe Zugravu, Adrian Turek Rahoveanu, Constanta Laura Zugravu - IJIRMPS Special Issue - International Conference on Trends & Innovations in Management, Engineering, Sciences and Humanities (January 2024). DOI 10.37082/IJIRMPS.ICTIMESH-23.6

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