RELEVANCE OF ACCOUNTING INFORMATION FOR THE MARKET VALUE OF A COMPANY. CASE STUDY ON THE BUCHAREST STOCK EXCHANGE

There are many relevant studies, both theoretical and empirical, addressing the relevance of accounting information in assessing the market value of the company, this being one of the most prolific areas of research in recent years. In this paper we bring empirical evidence supporting the hypothesis of a link between book value, earnings and the market value. In this sense, after reviewing the most important theoretical and empirical studies conducted on this subject, we realize an econometric study, on sample of 30 companies, listed on the Bucharest Stock Exchange.