Ovidius University Annals: Economic Sciences Series (Jan 2020)

Financial Snapshot Regarding the Naval and Land Transport in Constanta County

  • Marioara Mirea

Journal volume & issue
Vol. XX, no. 2
pp. 957 – 963

Abstract

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This paper aims to examine some challenges related to the economic aspects of Naval and Land Transport companies in Constanta County. Specifically, it focuses on assessing the factors that determine the survival of naval and land transport companies. Based on the empirical analysis performed, we used as a parametric method, the correlation method. With the help of the multiple correlation coefficient, we measured the intensity of the link the analyzed variables. The paper shows that financial sustainability is related to the ability of companies to obtain considerable profits to facilitate the continuation of long-term business.

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