The traditional financial ratios reflect the historical performance of the companies, having a limited relevance in the forecasting of their future evolution. The modern financial ratios are based on the concept of value creation, having a high relevance on expressing the real financial...

In the context of the international financial crisis, the necessity to attract new financing sources and to ensure the correlation between the capital supply and demand became a new challenge for the firms, especially for the SMEs. The concept of "investment readiness" refers to the capacity of...