REFLECTIONS ON THE NOTION OF CAPITAL

Elena HLACIUC

Abstract


From a general perspective, the capital represents a monetary value, a value resource that is to be strategically invested and from which future economic benefits are expected. Investors, capital holders - monetary resources, based on the knowledge and forecasts used, using realistic capitalisation rates, determine under minimum or maximum risk conditions the capitalised value of the invested capital for an investment. The business evaluators in carrying out the missions of evaluating the value of an enterprise can use in the income capitalization approach, the method which involves reporting a representative level at a capitalisation rate or multiplying by a multiple of income. The objective of this paper is focused on the analysis of the notion of capital or of the terms of social capital, financial capital, own capital, etc.

Keywords


financial capital; income capitalization approach; capital holders

References


Brezeanu P. (2009). Finanțe corporative Vol I, C.H. Beck, Bucharest.

Ciubotariu, M., Socoliuc, M., Mihaila, S., Savchuk, D. (2019). Companies Image: Marketing and Financial Communications. Marketing and Management of Innovations, 3, 223-241. http://doi.org/10.21272/mmi.2019.3-17

Cosmulese, C. G. Ciubotariu, M. (2017). An Overall Analysis on the Implementation of European Funds in Romania, International Business Information Management Conference 30th IBIMA, Madrid, Spain 8-9 November 2017, ISBN:978-0-9860419-9-0, pp. 5732-5742.

Cosmulese, C. G. L., Grosu, V., & Hlaciuc, E. (2017). Intangible assets with a high degree of difficulty in estimating their value. Ecoforum Journal, 6(3).

Cosmulese, C. G. L., Grosu, V., & Hlaciuc, E. (2017). Definitions attributed to goodwill in the economic literature and conceptual delimitations regarding the way of valuation and exposure of this patrimonial component in the balance sheet. Ecoforum Journal, 6(3).

Cosmulese, C. G., Grosu, V., Hlaciuc, E., & Zhavoronok, A. (2019). The Influences of the Digital Revolution on the Educational System of the EU Countries, Marketing and Management of Innovations, 3, 242-254. DOI: http://doi.org/10.21272/mmi.2019.3-18.

Cosmulese, C. G., Socoliuc, M., Ciubotariu, M. S., Mihaila, S., & Grosu, V. (2019). An empirical analysis of stakeholders’ expectations and integrated reporting quality. Economic Research-Ekonomska Istraživanja, 32(1), 3963-3986.

Dorel, M., Marian, S., Elena, H., Cristian, H., & Dorel, U. (2010). The evolution of the economical and financial communication means used by the companies in the new current world context. International Journal of Academic Research, 2(4).

Feleagă, N., Malciu L., & Bunea, Å. (2002). Bazele contabilităţii. O abordare europeană ÅŸi i nternaÅ£ională. Economică, Bucharest.

Ghid practic de aplicare a reglementărilor contabile privind situațiile financiare anuale individuale și situațiile financiare anuale consolidate aprobate prin OMFP nr. 1802/2014, Ed CECCAR, Bucharest, 2015.

Grosu, V. (2009). The Financial Economical Information-Source of Communicational Development and International Level. Available at SSRN 1324152.

Hlaciuc, E., Grosu, V., Socoliuc, M., & Maciuca, G. (2014). Comparative study regarding the main differences between US GAAP and IFRS. The USV Annals of Economics and Public Administration, 14(2 (20)), 140-145.

Law nr. 227/2015 privind Codul fiscal, ultima actualizare : Ordonanța de urgență a Guvernului nr. 46 din 31 august 2016.

Law nr. 31 din 16 noiembrie 1990 privind societățile comerciale, Publicat în Monitorul Oficial nr. 1066 din 17 noiembrie 2004

Mates, D., Hlaciuc, E., & Socoliuc, M. (2009). Evaluation and recognition of intangible fixed assets in accordance with national and international financial reporting standards IAS/IFRS. The USV Annals of Economics and Public Administration, 9(2), 157-162.

ORDIN Nr. 1802 din 29 decembrie 2014 †Partea I pentru aprobarea Reglementărilor contabile privind situațiile financiare anuale individuale şi situațiile financiare anuale consolidate, publicat in: Monitorul Oficial nr. 963 din 30 decembrie 2014. https://static.anaf.ro/static/10/Anaf/legislatie/OMFP_1802_2014.pdf

Popescu, S. (1999). Capitalul și patrimoniul întreprinderii. Echilibre, riscuri și rezultate, Ed Institutul Național de informare și documentare, București.

Reglementări contabile 2015/2016, Ed. Con Fisc, Bucharest.

Ristea, M., Cucu, C., Lazarescu, C. (1997). Contabilitatea intreprinderii. Ed. Mărgăritar, vol I, 1997.

Socoliuc, M., & Grosu, V. (2015). Financial instruments evaluation and the difficulties of economic and financial communication. Annals of' Constantin Brancusi'University of Targu-Jiu. Economy Series, (2), 226-230.

Socoliuc, M., & Grosu, V. (2019). Measuring Tax Evasion. Conceptual Approaches. The USV Annals of Economics and Public Administration, 19(1 (29)), 116-121


Full Text: PDF

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.