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Profitability And Risk Analysis Of Pharmaceutical Companies Listed On The Bucharest Stock Exchange

Author

Listed:
  • 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)

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.

Suggested Citation

  • Dorel Berceanu & Nicolae Sichigea & Daniel Militaru, 2015. "Profitability And Risk Analysis Of Pharmaceutical Companies Listed On The Bucharest Stock Exchange," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(43), pages 36-42.
    • Handle: RePEc:aio:aucsse:v:2:y:2015:i:43:p:36-42
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    File URL: http://feaa.ucv.ro/AUCSSE/0043v2-004.pdf
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    More about this item

    Keywords

    risk; volatility; investment ; share; portfolio;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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