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

Authors

  • Миро Џакула Управа за индиректно опорезивање Босне и Херцеговине

Keywords:

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

Abstract

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.

References

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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.

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Published

2012-02-29

Issue

Section

Review Scientific Paper

How to Cite

The impact of accounting information on share selection in the capital market in Bosnia and Herzegovina. (2012). Acta Economica, 10(16), 247-282. https://ae.ef.unibl.org/index.php/ae/article/view/149

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