文章基本信息

标题：The evaluation of the companies financial performance through the rates of return
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作者：Balteș, Nicolae ; Dragoe, Alexandra-Gabriela-Maria ; Dragoe, Sebastian-Ilie 等
期刊名称：Theoretical and Applied Economics
印刷版ISSN：1841-8678
电子版ISSN：1844-0029
出版年度：2016
卷号：XXIII
期号：Special(I)
页码：84-95
出版社：Asociatia Generala a Economistilor din Romania - AGER
摘要：The paper presents both theoretical and practical the relationship between the Price to Book Value (PBV), important in assessing the performance of the listed companies from the stock market and the Return on Assets (ROA). The study, conducted on the companies from the manufacturing industry in Romania, listed on the Bucharest Stock Exchange, during the period 2007-2014, leads to the conclusion that because of the economic and financial crisis that started in 2008, the values of the PBV and ROA indicators recorded a significant decrease, a shy tendency of recovering being noticed in the last two analyzed years. Through a simple linear regression, we researched the influence of the change of ROA on the value of the PBV for the companies included in the study. It was demonstrated a positive and intense correlation between the two variables, ROA’s fluctuations influencing the PBV 's evolution.
关键词：Return on assets (ROA); Price-to-Book-Value (PBV); simple linear regression; correlation.