文章基本信息

标题：Empirical Study on the Informative Value of the Accounting Data Provided by the Companies Quoted in the Bucharest Stock Exchange
本地全文：下载
作者：Marilena Mironiuc ; Marilena Mironiuc ; Mihai Carp 等
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2014
卷号：109
页码：396-401
DOI：10.1016/j.sbspro.2013.12.479
语种：English
出版社：Elsevier
摘要：AbstractThe present paper aims to analyze, by reporting to the data provided by the financial markets, the degree of relevance of the information provided by Romanian companies through their financial statements. This approach implies studying the influence of the reputation of the companies that perform the auditing of the annual statements, of the impact of the previously expressed audit opinion, as well as of the effect of the maturation of the Romanian stock market. The results show the existence of a low intensity of the connection between the accounting information and that generated by the stock market, which points to a limited impact of the data provided by the financial statements on the investment decisions. It is possible to notice, however, a superior level of the analyzed correlation, both in the case of auditing the synthesis documents by consecrated companies, and in the conditions of expressing a previous audit opinion, with certain reserves. In dynamics, it is possible to see a development of the dependencies established between the two information sources, which can be explained through the maturation process of the Romanian capital market.
关键词：Financial-accounting information;informative value;audit opinion;stock exchange indicators