Considerations Regarding the Intangible Capital of Romanian Companies

Author:Cristina-Ionela PRECOB, Ph. D.

JEL:M10, M40, C12

DOI:

Keywords:intangible capital, dividend per share, earning per share, price earning ratio, intangible assets

Abstract:
The objective of this paper was to test 3 research hypotheses concerning the factors that influence the volume of information published by the Romanian companies quoted in the Bucharest Stock Exchange, concerning intangible capital. The intangible capital is a complex concept, which includes both the intangible assets acknowledged in the balance sheet and other elements, which, although they do not meet the accounting criteria in order to be acknowledged in financial statements, bring plus-value to the company, and they are presented in social responsibility reports or in other annual reports. The study revealed direct connections, of low intensity, between the average dissemination ratio of the information on intangible capital and the dividend per share, respectively the price earning ratio. Contrary to the expectations, there was no connection between intangible capital and earning per share.\r\n

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