ORIGINAL RESEARCH
Determinants of Sustainable Performance and Convergence with EU Agenda 2030: The Case of Romanian Forest Enterprises
 
More details
Hide details
1
Department of Accounting, Audit and Finance, Stefan cel Mare University, Suceava, Romania
 
2
Department of Management, Business Administration and Tourism, Stefan cel Mare University, Suceava, Romania
 
 
Submission date: 2019-05-22
 
 
Final revision date: 2019-07-09
 
 
Acceptance date: 2019-07-16
 
 
Online publication date: 2020-03-02
 
 
Publication date: 2020-03-31
 
 
Corresponding author
Cristina Gabriela Cosmulese   

Accounting, Audit and Finance, Stefan cel Mare University of Suceava, Universitatii, no 13,, 720229, Suceava, Romania
 
 
Pol. J. Environ. Stud. 2020;29(3):2339-2353
 
KEYWORDS
TOPICS
ABSTRACT
The aim of this paper is focused on analyzing the financial performance indicators of enterprises operating in the fields of forestry and forestry exploitation in northeastern Romania, and their effects on sustainable development in view of the priorities established in the EU, with the adoption by the Member States of the Agenda 2030. In this respect, the most important 200 enterprises in northeastern Romania were selected, and the main performance indicators registered during 2009-2017 were analyzed, and a statistical model in which the balance indicators are correlated with the financial ratios being developed in the sense of assessing the financial or commercial sustainability of enterprises with which to assess the qualitative parameters of sustainable development. Results show that the entities that operate in the field of forestry exploitation, which have an over-average turnover, are more concerned with the acceleration of the rotational speed of the circulating assets with direct favorable effects on performance indicators (benefit and rate of return), but with negative effects on the decrease of the forest fund through its administration policies, which may conflict with article No. 14 of the 2030 Agenda. This paper has an innovative character, assessing the pillar of business activities within sustainable development in objective terms of sustainability.
CONFLICT OF INTEREST
The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
 
CITATIONS (5):
1.
Designing the profile of industrial consumers of renewable energy in Romania under the impact of the overlapping crisis
Veronica Grosu, Marian Socoliuc, Marius Sorin Ciubotariu, Elena Hlaciuc, Mihaela Tulvinschi, Anamaria Geanina Macovei, Anatol Melega
Frontiers in Energy Research
 
2.
Businesses’ Role in the Fulfillment of the 2030 Agenda: A Bibliometric Analysis
María Garrido-Ruso, Beatriz Aibar-Guzmán, Albertina Paula Monteiro
Sustainability
 
3.
Financial sustainability of oil and gas companies—basis for building resilience strategies
Veronica Grosu, Adriana Tiron-Tudor, Marian Socoliuc, Marius-Sorin Ciubotariu, Elena Hlaciuc, Anamaria-Geanina Macovei, Mihaela Tulvinschi, Camelia-Cătălina Mihalciuc, Anatol Melega
Frontiers in Environmental Science
 
4.
Management of Sustainable Development Goals as Indicators of Ecological Awareness: An Insight Through the 2030 Agenda
Predrag Tončev, Vladimir Tomašević, Jelena Raut, Luka Latinović
Sustainability
 
5.
Green economic growth: Convergence patterns and eco-productivity clusters
Oleksii Lyulyov, Tetyana Pimonenko
Journal of Open Innovation: Technology, Market, and Complexity
 
eISSN:2083-5906
ISSN:1230-1485
Journals System - logo
Scroll to top