Performance through professionalism vs. counter performance in the aeronautical industry in Romania

Abstract

In this article, on the one hand, some aspects related to the worldwide aeronautical industry and the performances recorded by the most powerful companies in this field are captured. Known for the fact that there is fierce competition in the world for supremacy in this field, countries with a developed aeronautical industry are noted for their massive investments in the production of high technology products and services in the field of civil, space and defense aviation.

Regarding the aeronautical industry in Romania, the study aims to analyze the financial performance of five companies listed on the Bucharest Stock Exchange (BSE) through a limited battery of indicators that led to the formulation of relevant conclusions and recommendations regarding their financial situation. The performance management practiced within the companies with private majority capital is evidenced by a financial soundness without risks for the next period, compared to the inefficiency of the management practiced within the companies in which the state, through the Ministry of Economy, is the majority shareholder.