Foreign direct investments (FDI) represent a dynamic element of the global economy and one of the major financing sources of the emerging markets. Being a stimulant for the host-country economy, besides the capital raise effect through the cash-flow, the foreign investments bring new technologies, reorganization of some activities and increases of the labor yield and the production efficiency. Foreign investments, especially the direct one, beside the exports represent the main way of economic development. This study tried to identify the opportunities and risks of the FDI on the Romanian banking system.
Determining an optimal financing structure is one of the managers' main objectives and at the same time problem which is difficult to be solved at a practical level. By means of econometric instruments, this study tried to identify that theoretical model based on classical and modern theories it is suitable to adopt an optimal financing structure of the enterprise. Starting from these facts, the empirical analysis has as object the financial data from companies listed at Bucharest Stock Exchange (BVB). The results obtained using the multiple linear regression and the method of main components reflect the fact that the variables taken into consideration explain in a great measure that the best structure of the enterprise capital could be fulfilled according to the principles of the pecking order theory only if we minimize the the weighted average cost of the capital (CMP), which is significantly influenced by the financial leverage (LEV), weight of fixed assets in the total assets (PAI) and return on equity (ROE).
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