The Influence of the Principal Dimensions of Accounting Information on the Capital Gains Yield in the Case of Romanian Listed Companies

Abstract

Increasing the opportunities offered by the financial markets and enhancing financial market risks, investor identify those financial assets that can give them a return as high as possible, based on the information available, especially those from the financial statements of companies. The purpose of the study regards the analysis of the principal financial dimensions of the financial statements reported by the listed companies on Bucharest Stock Exchange (BSE) on capital gains yield. To achieve the purpose of the research the analysis was based on a sample of 55 companies listed on BSE in the financial year 2012, using principal component analysis and multiple linear regression analysis. The obtained results indicate a greater influence of ratios of financial position in the detriment of ratios regarding the financial performance for companies listed on BSE.