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The Impact Of Real Estate Investments On The Performance Of The Entities Listed At The Bvb

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  • Silviu Cornel Virgil Chiriac

Abstract

The current paper is part of a wider study which aims at identifying the determining factors of the performances of the entities in the real estate field and the setting up of a composite index of the companies’ performances based on a sample of 29 companies listed at the BVB Bucharest (Bucharest Stock Exchange) in the year 2019 using one of the multidimensional data analysis techniques, the principal component analysis. The descriptive analysis, the principal component analysis for setting up the composite index of the companies performances were applied within the study in order to highlight the most important companies from the point of view of the financial performance. The descriptive analysis of the data set highlights the overview within the companies selected for analysis. The study aims at building a synthetic indicator that will show the financial performance of the companies selected based on 9 financial indicators using the principal component analysis PCA. The 9 indicators considered for the analysis were selected based on specialised articles and they are: ROA - return on assets, which reflect the company’s capacity of using its assets productively, ROE - return on equity, which measures the efficiency of use of the stockholders’ capitals, rotation of total assets, general liquidity ratio, general solvency ratio, general dent-to-equity level, net profit margin, gross return of portfolio.

Suggested Citation

  • Silviu Cornel Virgil Chiriac, 2021. "The Impact Of Real Estate Investments On The Performance Of The Entities Listed At The Bvb," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 177-186, July.
    • Handle: RePEc:ora:journl:v:1:y:2021:i:1:p:177-186
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    File URL: http://anale.steconomiceuoradea.ro/volume/2021/n1/019.pdf
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    References listed on IDEAS

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    1. Mihaela Dragota & Andreea Semenescu, 2008. "A Dynamic Analysis of Capital Structure Determinants. Empirical Results for Romanian Capital Market," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 4(4(521)), pages 65-80, April.
    2. Elisa García Jara & Amparo Cuadrado Ebrero & Rolando Eslava Zapata, 2011. "Effect of international financial reporting standards on financial information quality," Journal of Financial Reporting and Accounting, Emerald Group Publishing Limited, vol. 9(2), pages 176-196, October.
    3. Anna‐Maija Lantto & Petri Sahlström, 2009. "Impact of International Financial Reporting Standard adoption on key financial ratios," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 49(2), pages 341-361, June.
    4. Dan Armeanu & Leonard Lache, 2008. "Application of the Model of Principal Components Analysis on Romanian Insurance Market," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 6(6(523)), pages 11-20, June.
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    More about this item

    Keywords

    Real estate investment; performance; financial indicators; BVB;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • C00 - Mathematical and Quantitative Methods - - General - - - General

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