The Role of Investor Relations and Good Corporate Governance on Firm Performance in the Case of the Companies Listed on the Bucharest Stock Exchange

Mihail, Bogdan Aurelian; Dumitrescu, Dalina; Şerban, Daniela; Micu, Carmen Daniela; Lobda, Adriana

doi:10.3390/jrfm14120569

Cited by 6 publications

(3 citation statements)

References 20 publications

(36 reference statements)

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“…In Iran, Reid et al [2] emphasized the importance of carefully considering regulatory requirements and stakeholder expectations when choosing financial reporting approaches. Mihail et al [3] advocated for strengthening investor relations based on their positive correlation with firm performance. Kartal [4] analyzed the effects of foreign investors on Turkish stock indices, while Katsiaryna et al [5] demonstrated the impact of distraction events on stock return co-movement across different markets.…”

Section: General Studies On the Stock Marketmentioning

confidence: 99%

A Hybrid MCDM Approach Using the BWM and the TOPSIS for a Financial Performance-Based Evaluation of Saudi Stocks

Alsanousi,

Alqahtani,

Makki

et al. 2024

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This study presents a hybrid multicriteria decision-making approach for evaluating stocks in the Saudi Stock Market. The objective is to provide investors and stakeholders with a robust evaluation methodology to inform their investment decisions. With a market value of USD 2.89 trillion dollars in September 2022, the Saudi Stock Market is of significant importance for the country’s economy. However, navigating the complexities of stock market performance poses investment challenges. This study employs the best–worst method and the technique for order preference by similarity to identify an ideal solution to address these challenges. Utilizing data from the Saudi Stock Market (Tadawul), this study evaluates stock performance based on financial criteria, including return on equity, return on assets, net profit margin, and asset turnover. The findings reveal valuable insights, particularly in the banking sector, which exhibited the highest net profit margin ratios among sectors. The hybrid multicriteria decision-making-based approach enhances investment decisions. This research provides a foundation for future investigations, facilitating a deeper exploration and analysis of additional aspects of the Saudi Stock Market’s performance. The developed methodology and findings have implications for investors and stakeholders, aiding their investment decisions and maximizing returns.

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Section: General Studies On the Stock Marketmentioning

confidence: 99%

A Hybrid MCDM Approach Using the BWM and the TOPSIS for a Financial Performance-Based Evaluation of Saudi Stocks

Alsanousi,

Alqahtani,

Makki

et al. 2024

Information

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“…The Social pillar (S) looks at practices towards employees, human rights and equal opportunities to the workforce. Finally, the Governance pillar focuses on the corporate governance structure of the company, which can affect the long-term strategy and value of the company (Mihail et al, 2021). These three pillars should be able to convey information on the "sustainability" of the business (see e.g., Bocken & Short, 2021;Chopra et al, 2021;Jørgensen et al, 2022;Pieroni et al, 2019;Torres, 2021;Wang et al, 2021, among others) and asset allocation process (see e.g., Giese et al, 2019, Gougler and Utz.…”

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confidence: 99%

What do we know about ESG and risk? A systematic and bibliometric review

De Giuli,

Grechi,

Tanda

2023

Corp Soc Responsibility Env

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Environmental, Social and Governance (ESG) issues have become particularly relevant in the agendas of policymakers, investment decisions by companies and asset allocation process of investors. However, the transition to a greener and more sustainable economic system is not without risks. The literature has investigated the relationship between ESG and risk in different ways, through multiple perspectives and approaches. We select all documents with “ESG” and “Risk” in the title, abstracts and keywords available in Scopus and, after removing non‐relevant papers, we are left with a sample of 589 documents published in the period 1983–2022. To provide a view of the most important studies, we also focus on the most cited documents to discuss the methodological approaches and main results. The results show that over time, ESG has gained increasing attention from the literature, but researchers work in isolation and there is no single approach or leading core topic driving academic productivity; a clear taxonomy of ESG risks appears to be missing. To the best of our knowledge, this paper is the first to discuss research on ESG and risk from a financial perspective. The results highlight some existing gaps in the literature that can provide a hint for the development of the topic by researchers. These include a clearer taxonomy of ESG risks that can affect investors' and companies' decisions, a greater effort to evaluate how ESG risks distribute and spill from one sector to another and the inclusion of emerging economies and small and medium‐sized enterprises in the samples.

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“…Standard deviation measures how far a company's stock price deviates from its average price. A small standard deviation indicates low volatility because of the narrow range between its price and average price value (Mihail et al 2021;.…”

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confidence: 99%

BWM—RAPS Approach for Evaluating and Ranking Banking Sector Companies Based on Their Financial Indicators in the Saudi Stock Market

Alamoudi

Bafail

2022

JRFM

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Seeking the greatest possible return on long-term investments, investors naturally seek equities of the best-performing companies that fit their investment timeframe. Long-term investment success rests on selecting the best companies, which requires a challenging analysis reviewing voluminous and often-conflicting data about companies and understanding broader economic forecasts. This paper undertook a case study deployment of MCDM methodologies to examine the suitability and effectiveness of Multi-Criteria Decision-Making (MCDM) methods in assessing and ranking the best stocks for portfolio inclusion. A combination of MCDM techniques comprised a methodology to evaluate and rank Saudi Arabian banking stocks based on their performance in the Saudi stock market. Specifically, the paper combined the Best–Worst Method (BWM) and Ranking Alternatives by Perimeter Similarity (RAPS) for the analysis. BWM calculated each criterion’s relative impact (weight) in selecting a stock. RAPS then used the weighting to rank the results of the investigation. The study’s findings yielded encouraging results regarding using an integrated MCDM technique to derive optimal banking sector securities in the expansive Saudi stock market. The novel application of the robust RAPS technique combined with BWM encourages continued and increased use of MCDM techniques in financial matters and broader application in evaluating equities.

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The Role of Investor Relations and Good Corporate Governance on Firm Performance in the Case of the Companies Listed on the Bucharest Stock Exchange

Cited by 6 publications

References 20 publications

A Hybrid MCDM Approach Using the BWM and the TOPSIS for a Financial Performance-Based Evaluation of Saudi Stocks

A Hybrid MCDM Approach Using the BWM and the TOPSIS for a Financial Performance-Based Evaluation of Saudi Stocks

What do we know about ESG and risk? A systematic and bibliometric review

BWM—RAPS Approach for Evaluating and Ranking Banking Sector Companies Based on Their Financial Indicators in the Saudi Stock Market

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