Some financial aspects of sustainable development for Bulgarian industrial companies Cover Image

Някой финансови аспекти на устойчивото развитие за българските индустриални компании
Some financial aspects of sustainable development for Bulgarian industrial companies

Author(s): Krasimira Naydenova
Subject(s): Business Economy / Management, Financial Markets
Published by: Икономически университет - Варна
Keywords: cost of capital; equity; Bulgarian stock market; financial ratios
Summary/Abstract: The shareholders' evaluation of the industrial companies’ performance is important for their future financing. The Bulgarian stock market is illiquid and unattractive to issuers and investors but provides some opportunities for sustainability policies for national companies. In order to benefit from these, managers need to improve their performance - the P/E, P/B, ROE, ROIC, TRS, and Rd financial ratios of Bulgarian industrial companies do not satisfy investors. Therefore, as well as in combination with the weaknesses of the Bulgarian stock market, access to capital for future long-term risk projects with high added value is limited