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Analysis of the impact of financial balance indicators on the stock market performance of companies listed on the Bucharest Stock Exchange

Author

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  • Ioan-Alexandru Dumitrescu

    (University of Cratova, Craiova, Romania)

  • Alin-Ionuț Dorobanțu

    (University of Cratova, Craiova, Romania)

Abstract

This paper deals with the topic of the impact brought by the factors that contribute to the determination of financial balance indicators on the profitability of Romanian companies listed on the Bucharest Stock Exchange during several consecutive financial years. The subject under research was the subject of several studies that make up the specialized literature. The purpose of the research is to analyse the existence and intensity of the link between the financial balance indicators, determined semi-annually, and the economic performance of the companies, expressed through the profitability indicators. The research method used in the elaboration of the present study is that of multiple regression analysis of the data, applied using the SPSS statistical program.

Suggested Citation

  • Ioan-Alexandru Dumitrescu & Alin-Ionuț Dorobanțu, 2023. "Analysis of the impact of financial balance indicators on the stock market performance of companies listed on the Bucharest Stock Exchange," Journal of Financial Studies, Institute of Financial Studies, vol. 14(8), pages 72-82, June.
    • Handle: RePEc:fst:rfsisf:v:14-special-june:y:2023:i:8:p:72-82
    DOI: 10.55654/JFS.2023.SP.05
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    References listed on IDEAS

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    3. Lambert, Ra & Larcker, Df, 1987. "An Analysis Of The Use Of Accounting And Market Measures Of Performance In Executive-Compensation Contracts," Journal of Accounting Research, Wiley Blackwell, vol. 25, pages 85-129.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial balance; stock market performance; liquidity; solvency; working capital; stock market capitalization.;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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