Financial Reporting in the Furniture Industry

Abstract

The furniture industry is of particular importance to Romania, as the superior valorization of wood represents a strategic objective at the country level (Marginean, 2015). The assessment of the financial position and performance of the economic entities belonging to this sector is of particular importance not only to the national economy but also to the interests pursued by management, shareholders, commercial partners, and creditors. This study focuses on investigating and analyzing the financial reports of 15 companies in the furniture industry in Romania. The analysis is based on data collected between 2008 and 2016.