Innovative Risk Assessment Methodology for ICT Based Companies Operating in Post-Transition Economies Case Study: Romania

Author

Marinescu, Miruna Mazurencu ; Aron, Ileana Gabriela Niculescu

Author_Institution

Dept. of Stat. & Econ., Bucharest Univ. of Econ., Bucharest, Romania

fYear

2009

fDate

17-20 April 2009

Firstpage

89

Lastpage

93

Abstract

The purpose of this paper is to determine the causes of the low performance companies operating in the information technology sector, as a key driver of the Romanian economy. A model was designed to extract the productivity distribution of the sectorpsilas companies based on a data set from the Romanian Chamber of Commerce and Industry.Through the statistical analysis of this particular sub-sample, some characteristics have been derived and tested for significance. At the same time, a benchmark value for productivity has been identified which can offer an immediate indication for potential trouble zones when assessing an existing or a newly-established (founded) company.

Keywords

economics; innovation management; productivity; risk management; statistical analysis; ICT based company; Romanian economy; information technology sector; innovative risk assessment; low performance company; posttransition economy; productivity distribution; statistical analysis; Benchmark testing; Business; Computer networks; Data mining; Econometrics; Economic forecasting; Information technology; Productivity; Research and development; Risk management; IT based companies; benchmark value; insolvency risk; predictors;

fLanguage

English

Publisher

ieee

Conference_Titel

Information and Financial Engineering, 2009. ICIFE 2009. International Conference on

Conference_Location

Singapore

Print_ISBN

978-0-7695-3606-4

Type

conf

DOI

10.1109/ICIFE.2009.1

Filename

5189975