PROFITABILITY AND RISK ANALYSIS OF PHARMACEUTICAL COMPANIES LISTED ON THE BUCHAREST STOCK EXCHANGE

Dorel Berceanu, Nicolae Sichigea and Daniel Militaru
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Dorel Berceanu: University of Craiova Faculty of Economics and Business Administration
Nicolae Sichigea: University of Craiova Faculty of Economics and Business Administration
Daniel Militaru: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2015, vol. 2, issue 43, 36-42

Abstract: This article addresses a very topical issue, namely that of profitability and risk of capital investments in shares of pharmaceutical companies listed on the Bucharest Stock Exchange. Thus, for a five-year time horizon that we consider representative, we determined the profitability taking into account the net dividends distributed by the companies in this period and the increase or decrease of the value of the share. For the risk analysis we used the ß coefficient. We believe that the obtained results can be a useful tool for individual and institutional investors in the stock market when they constitute their portfolios.

Keywords: risk; volatility; investment; share; portfolio (search for similar items in EconPapers)
JEL-codes: G12 G32 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:2:y:2015:i:43:p:36-42

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