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Return on securities of the listed banks, using BET and BET-C indices of the Bucharest Stock Exchange

Author

Listed:
  • Victoria FIRESCU

    (University of Pitești)

  • Jenica Popescu

    (University of Craiova)

  • Bogdan Popa

    (University of Craiova)

Abstract

The present work has great importance for the economic and financial area due to the fact that targets the relevance of the financial indicators in anticipation of the stock variation. The aim is to measure the correlation, the type and intensity, between the variation of stock market profitability and the profitability of the securities traded by banks in Romania, listed on the BSE. The research is approached transversely (banks in Romania listed on the stock market) as well as longitudinally (from the date of listing on the Stock Exchange of each bank until 31.12.2016). Using the econometric model Eviews we tested the correlation between the profitability of BRD, BT, BCC bank`s securities and the profitability of Bucharest Stock Exchange, by BET and BET-C. The results show that the research hypothesis isn’t validated for any of those banks.

Suggested Citation

  • Victoria FIRESCU & Jenica Popescu & Bogdan Popa, 2017. "Return on securities of the listed banks, using BET and BET-C indices of the Bucharest Stock Exchange," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(19), pages 41-52, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2017:i:19:p:41-52
    as

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    References listed on IDEAS

    as
    1. Alina Georgiana Manta & Roxana Maria Badîrcea, 2013. "Case – study Concerning the Effects of the Macroeconomic Variables on the Loan Portfolios Quality of the Romanian Banking Sector Using the VAR Model and Least Squares Method," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(15), pages 96-103, December.
    2. Lev, B, 1989. "On The Usefulness Of Earnings And Earnings Research - Lessons And Directions From 2 Decades Of Empirical-Research," Journal of Accounting Research, Wiley Blackwell, vol. 27, pages 153-192.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    stock market indices; stock market rates; securities; profitability; correlation.;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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