The impact of accounting information on share selection in the capital market in Bosnia and Herzegovina


  • Миро Џакула Управа за индиректно опорезивање Босне и Херцеговине


capital market, shares, fundamental analysis, technical analysis, accounting information, multi-attribute decision making


The key issue being of interest to all investors, both big and small ones, is how to make a realistic assessment of the value of some company’s shares and which parameters should be taken into account when making a decision whether to sell or buy certain shares. However, there is no reliable way of determining accurately the value of a share. Nevertheless, prior to investing money in any company, the investors can try, by applying some methods, to mathematically calculate whether the share concerned is undervalued or overvalued.


Белак, В. (1995). Менаџерско рачуноводство. Загреб: РРиФ-плус

Bernstein, J. (1989). How The Futures Markets Work. New York

Fama, E. F., French, K. R. Common risk factors in the returns on stock and bonds, Journal on Financial and Economics 33, (1993) 3-56., North-Holand.

Larson, K.D., Miller, P.B.W. (1993). Fundamental Accounting Principles. Boston: Richard D.Irwin

Naser, K. (1993). Creative Financial Accounting: Its Nature and Us. H. Hempstead, Prentice Hall,

Rosenberg, J.M. (1993). Dictionary of Business & Managemet. John Wiley & Sons, Inc.

Периодична извјештаја о трговању са Сарајевске берзе у раздобљу од 2004 до 2010, доступно на www.сасе.ба

Периодични извјештаји о трговању са Бањалучке берзе у раздобљу од 2004. до 2010, доступно на www.блсе.ба

Појатина, Д. (2000). Тржиште капитала. Сплит: Економски факултет

O’Regan, P. (2006). Financial Information Analysis. John Wiley & Sons, Ltd.




How to Cite

Џакула, М. (2012). The impact of accounting information on share selection in the capital market in Bosnia and Herzegovina. Acta Economica, 10(16), 247–282. Retrieved from



Review article