CORRELATIONS BETWEEN FINANCIAL PERFORMANCE INDICATORS OF COMPANIES WITH CORE ACTIVITY IN THE ENERGY SECTOR AND RELATED INDUSTRIES, TRADED ON BUCHAREST STOCK EXCHANGE, AND THE BET-NG INDEX

D. Vasiu
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D. Vasiu: Lucian Blaga University of Sibiu, Sibiu, Romania

Вестник Киевского национального университета имени Тараса Шевченко. Экономика., 2018, vol. 3(198), issue 198, 95-100

Abstract: The results we obtained are invalidating the research hypothesis: there is a strong and direct link between the evolution of BET-NG index and the financial performance ratios of the component companies. The analysis performed on the correlations between the evolution of BET-NG index and financial performance ratios indicates that in the majority of the cases the links are inverse and in 25% of the cases they are strong. In what concerns the intensity of the correlations between the major financial performance ratios (ROA; ROE; EPS; Net Margin) and average values of BET-NG index, there is no strong link to justify the identification of a regression model. Consequently, we can affirm that the evolution of BET-NG index is determined by other factors, different than the financial performance of the component companies. This situation outlines new research developments that need extending the timeframe and the financial ratios used.

Keywords: BET-NG INDEX; Financial Performance Indicators; Bucharest Stock Exchange. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:scn:pnoeeq:198a12

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