IDEAS home Printed from https://ideas.repec.org/a/alu/journl/v2y2014i16p1.html
   My bibliography  Save this article

The Impact Of Financial Communication On Stock Price.The Case Of Omv Petrom S.A. 2004-2013

Author

Listed:
  • Ioana Anghel

    (Valahia‘ University of TargoviÈ™te Romania)

  • Mariana Man

    (University of Petroșani Romania)

Abstract

Financial information is used primarily with the aim of predicting the profitability ofcompanies. In order to achieve this goal, the information user resorts to fundamental analysistools which seek to determine the intrinsic value of an asset, submitting for analysis determinantfactors of performance such as earning, expenses and profits. By comparing the intrinsic value tothe market price, the investor has to make a rational decision. The present study follows the stockperformance evolution of OMV Petrom S.A. on the Bucharest Stock Exchange during 2004-2013,in order to identify the main factors which impact share price and the price to book ratio with thecentral objective of disclosing the importance of combined analysis of stock performanceindicators and financial reports, so that company performance is depicted according to reality.

Suggested Citation

  • Ioana Anghel & Mariana Man, 2014. "The Impact Of Financial Communication On Stock Price.The Case Of Omv Petrom S.A. 2004-2013," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(16), pages 1-1.
  • Handle: RePEc:alu:journl:v:2:y:2014:i:16:p:1
    as

    Download full text from publisher

    File URL: http://oeconomica.uab.ro/upload/lucrari/1620142/01.pdf
    Download Restriction: no

    More about this item

    Keywords

    financial performance; stock performance; stock growth ratios; dividend ratios; financialcommunication;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alu:journl:v:2:y:2014:i:16:p:1. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dan-Constantin Danuletiu). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.