Share price Research Papers

This study provides an overview of the situation and condition of the share price of publicly listed companies on the Indonesia Stock Exchange (IDX) and the impact of the Covid-19 pandemic experienced by the investor community on the performance of the Indonesia capital market. The data collection of this research was carried out by survey techniques by giving online questionnaires to the respondents. This study uses semantic scale analysis to measure respondents' views about the share price of their portfolio, the impact of the pandemic, and the performance of the Indonesian capital market. We performed validity, reliability, and hypothesis tests in forming a well-fitted model. The results of this study indicate that all the variables studied are valid and reliable, the hypothesis of the proposed statement is accepted that meets the significance level of the F-test and t-test, meaning that the strength of the issuer's stock price and the impact of the Covid-19 pandemic. This is able to explain and influence the performance variables of the Indonesian capital market by 74.7% out of 100 respondents in 2020.

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- Finance, Accounting, Share price, Stock Market Performance

Quantitative analysis of information contained in the two companies’ financial statements based on line items in financial statements like the balance sheet, income statement and cash flow statement. This Ratio analysis is to evaluate various aspects of a company’s operating and financial performance such as its efficiency, liquidity, profitability and solvency are studied in order to check whether they are improving or deteriorating. the ratios here are compared across two different companies in the same sector to see how they stack up, and to get an idea of comparative valuations.

The aim of this study was to study the relationship between dividend policy and share price volatility in insurance companies listed in the Amman Stock Exchange. A sample of 20 companies from 23 insurance companies listed in the Amman Stock Exchange was selected. The current study used two main measurements of dividend policy, dividend yield, and payout ratio, by applying multiple linear regressions for the period 2008 to 2017. The main regression model was modified by adding control variables including firm size, earnings volatility, financial leverage and growth in assets. The study finds a significant negative relationship between share price volatility and dividend yield and payout ratio. But the most impact variable on share price volatility was dividend yield.

- by rabia shahid
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- Jordan, Share price, FINANCE AND INVESTMENT, Dividend policy
- by Sameer Mittimani
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- Finance, Stock Market, Analysis, Share price

During the periods of globalization and deregulation, it is become very common for the equity market of a country to respond to the movement of prices of some internationally traded goods. The effort, trying to achieve in this study, relates to how Indian equity market responds to the movement of Crude Oil Prices. BSE Sensex and S&P CNX Nifty have been taken as the indicator of stock market performance. Daily closing prices of the equity indices and the price of Crude Oil for a period of 11 years starting from July, 2001 to June, 2012 have been used to assess the co-movement of prices among them. The study applies the concept of Unit Root test, Johansen's Cointegration test, Vector Error Correction Model (VECM) and Granger causality test to establish the long-run and short-run causal relationship between them. From the Trace test statistics and Maximum Eigen statistics we conclude that there exists one cointegrating vector for each case i.e., there exist a long term relationship between oil price and stock indices. The coefficient of the cointegrating equation shows that the relationship is positive and statistically significant. The VECM result shows a long-run causality moves from Indian stock market to oil price and the results of the Granger Causality test confirms the same unidirectional movement in short-run also.

- by Kalpataru Bandopadhyay
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- Share price, Stock Market Analysis, Oil Price

This paper examined the value reliance of accounting information in financial service companies in Nigeria. Three research questions were raised which are: what is the relationship between return on net worth and share price? to what extent does dividend per share influence share price? to what extent does cash flow from operations affect share price? To address these questions, we used data from 2012-2018 of 20 financial service companies listed in the Nigerian Stock exchange. Eviews 10 was used to analyse the data collected for this study. Least square regression method was adopted to make our statistical decisions. After conducting Hausman Test, the result indicated that random effect is more appropriate than the fixed effect model. There is positive and significant relationship between share price and firm size. We also found that there is negative and insignificant relationship between DPS, EPS, CFO, BVS and SP. The study concluded that there is relationship between share price and firm size. Also we conclude that there is no value relevance between information in financial statements and share price. The details of cash flow, dividend per share, earnings per share, book value of share and dividend per share disclosed in financial statements will not necessarily influence share price. We therefore recommend to companies to always fully disclose all the information related to their operations especially information relating to their sales revenue and assets. Also we recommend that companies should diligently follow the International Financial Reporting Standards in preparation and presentation of their financial statements.

The study surveyed share pricing securities in some selected commercial banks in Nigeria. As a
survey research design study using ordinary least square method of multiple regressions to analyze
the trends in commercial banks in Lagos State, instrument used to collect data was secondary in
nature and in time series of twenty (20) years from 1988 to 2007. Two research hypotheses were
raised and analyzed through linear regression and Durbin Watson‘s statistical analysis. Findings
showed correlation co-efficient (R) equals to 0.307 which depicts that the level of correlation
coefficient between the commercial banks‘ profit and All Share Index of the industry during the
period under review (1988 to 2007) with Durbin Watson (DW) test of commercial banks as 1.054
showing that there is evidence of auto correlation between the identified variables. Also, there was
correlation co-efficient (R) of bank equal to 0.237 which means there is correlation between the
profitability and All Share Index during the period of under review (1988-2007), and the co-efficient
of Multiple Determination (R2) is 0.056 showing that the ‗Goodness of fit‘ between profitability and
All share Index is 5.6 percent. It observed that there is relationship between banks profitability on
shares and securities pricing in commercial banks. Study confirmed that 13.3 percent correlations
exist in first bank and 20 percent in second bank with R2 = 0.018 depicting a ‗goodness of fit‘ of 1.8
percent, showing that only 1.8 percent changes in Dividend Per Share declared at the period could be
attributed to Return on Capital Employed (ROCE), and so there is relationship between corporate
governance practices on market price of shares and securities in commercial banks. Discussions,
conclusion and recommendations to the study were extensively made in the paper

- by Abolaji D Anifowose
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- Share price

Balanced Scorecard is a performance measurement system or method that looks at the performance of a business through four dimensions. They are the financial, the customer, internal business process and the learning and g and growth dimensions. Kad Skor Berimbang ialah sistem atau kaedah pengukuran pencapaian dengan melihat pencapaian sesebuah perniagaan menerusi empat dimensi. Dimensi tersebut ialah dimensi kewangan (financial), dimensi pelanggan (customer), dlmensi proses dalaman perniagaan (internal business process) dan dimensi pembelajaran dan pengembangan (learning and growth).

- by Noman Siddikee
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- Bangladesh, Asian Business, Share price, Dhaka Stock Exchange
- by Mohamed Ghazzali
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- Business, Entrepreneurship, Management, Business Administration

This study aims to discuss how operating cash flow adequacy and effectiveness affect the stock price for a selected sample of 10 publicly held Jordanian Industrial companies in the Amman stock exchange for the period between 2012 and 2017. The paper used multiple linear regression methods. The result of the study data showed a statistically significant positive relationship in the adequacy of net operating cash flows and their effectiveness with the stock price, and the analysis also the variables are positively correlated with each other, and the regression analysis showed how operating cash flow related with the stock price. No one can deny the fact that there's a positive relationship between operating cash flow and the Stock price even if it was affected by a minor percentage but still has an impact on it, and that's what this study has proved. Keywords: operating cash flow, industrial companies, share price, Amman stock

- by Dr.Fouzan Al Qaisi
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- Share price, G12, Industrial Companies, Keywords:operating cash flow

Banking sector reforms have influenced the functioning of the Indian banking industry in a significant manner. Indian banks have had to streamline their operations and eliminate inefficiencies to compete in the global banking domain by improving their profitability. Profitability eventually drives share price performance. Earlier work helped us identify key determinants of bank profitability and share price performance. The focus of this paper is to further study the interactions of these determinants in influencing the share price performance of a leading public sector bank in India. The key performance indicators namely deposits, advances, business-per-employee, profit-per-employee, % net non performing assets (NPA) and the capital adequacy ratio that influence bank share price performance were selected from our earlier study and subjected to curve estimation analysis. The analysis suggested a nonlinear relationship between share price and these determinants. A step wise multiple ...

- by Rajveer Rawlin
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- Business, Finance, Accounting, Key Performance Indicators

- by Sufian manaseer
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- Jordan, Share price, Dividend policy, Insurance Companies

The purpose of this research is to provide empirical evidence concerning value relevance of accounting information such as Earning per Share (EPS), Net Assets Value Per Share (NAVPS), and Return On Equity (ROE) and Price Earnings Ratio (P/R) to Share Prices (SP) of manufacturing companies in Colombo Stock Exchange (CSE). Quantitative approaches were used in this study. For conducting this research, data were collected from secondary sources mainly from financial report of the selected companies, which were published by CSE in Sri Lanka. Findings of this research revealed that the value relevance of accounting information has the significant impact on share price and value relevance of accounting information is significantly correlated with share price

This research investigates the relationship of profitability ofselected firm s (proxied by Return on Asset, Return on Equity and Return on Investment Ratios) to Current Market Share Price. Secondary used were obtained from annual reports of 18 selected quoted firms in Agriculture and Agro-Allied sector on Nigeria Stock Exchange from 2012 to 2016. Mixed results of extant studies in this area of study before International Financial Reporting Standards necessitate conduct of this study to find out what the result would be after International Financial Reporting Standards. The annual reports were obtained from the selected firm’s website and their registrar of companies as well as Nigeria Stock Exchange website. Multiple regression analysis and descriptive statistics was used study the relationship between independent (i.e. profitability ratios proxied by Return on Asset, Return on Equity and Return on Investment Ratios) and dependent variables (proxied by shares price). The study found there is positive and significant between Current Market Share Price and profitability together and also found there is positive and significant between Current Market Price of Share Capital and profitability separately

- by IAEME Publication
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- Equity, Investment, Share price, Profitability

This paper examines the impact of leverage on the share prices of listed deposit money banks in Nigeria Stock Exchange. The study is guided by the Efficient Market Hypothesis/Random Walk theory. The study uses panel data of 15 firms in the banking sector over {he period 2006-2015. Share price was proxied by the average yearly share prices of selected banks while leverage was measured as the debt-equity ratio. Two control variables were adopted: firm size proxied by total assets and firm age proxied by number of years since stock exchange listing. An Ordinary Least Square (OLS) regression model was used to examine the relationship between the study variables. The results indicate that while debtequity ratio has a negative insignificant relationship with share price, firm size and age have significant positive and negative impacts (respectively) on the share price. This is because a highly levered balance sheet opens the firm up to risk of refinancing; even when it grants the firm easy access to harnessing much capital for investment, the firm still has to contend with interest expenses which absorb the expected profit thereby bring down the share price. We conclude that the similar empirical results in literature are unique to the financial sector, a risk class that is highly regulated and has high concentration of leverage ratios. This clear impact of financial leverage on company's value can assist the financial analyst in predicting futurefirm 's value.

- by Ibrahim Barde and +1
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- Share price, Firm Characteristic

The share price has become a very important indicator for shareholders, banks, and financial institutions evaluating the performance of companies. The oil and gas industry seems to be in a difficult era of development, due to the market prices for its products. Moreover, climate change and renewable energies are barriers for fossil energy. This state of affairs, and the fact that oil and gas shares are considered one of the most solid and reliable shares on the London Stock Exchange (LSE), have drawn our attention. International institutions encourage the investment in the oil and gas economic sector. This study investigates how investments of oil and gas companies in long-term assets influence the share price. Using the Ohlson share price model for a sample of 51 listed companies on the LSE proves that investments in long-term assets influence the share price in the case of companies which record losses. Investments in long-term assets are responsible for the attractiveness of the oil and gas company shares.

- by Ionel Jianu and +1
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- Accounting, Financial Accounting, Stakeholders, Energy

Analysis of share prices and stock market indexes has actually attracted the attention of financial analysts, capital market participants and researchers alike. This study is based on share price data on selected companies listed on the New York Stock Exchange as well the market activities of major stock market indexes in the US. The data collated were on monthly basis from January 2000 to February 2017. Trends of these series were plotted and further emphasis highlighted with a descriptive statistics. Share prices and stock market performance trends over the period appear similar. There were perceived signs of stability between January 2000 and 2008:Q2. However, the adverse effects of the 2008 global financial crisis were visible and significant as all the series nosedived, notably between 2008:Q3 and 2009:Q2. From our evidence, relative recovery from the crisis began to be felt from July 2009. Thereafter, the pace of growth in performances across the series has been quite impressive. Both the covariance and principal components analysis results indicate that stock market performance and share prices have direct relationship. The covariance results further showed that the relations so revealed are positive and significant.

- by Open Access Publishing Group
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- Business, Business Administration, Finance, Economics

This article conducts a research about the dividend policy of information technology companies with the highest growth rates and a comparison of cash dividends and stock buybacks in terms of cost of capital optimization and increase of enterprise value. In addition, the article presents a comparison between the dividend policy of US and Russian technology companies and concludes that Russian policy is less complicated due to relatively low country market capitalization and short dividend policy background. It is noticed that more and more companies with share equity use share repurchase policy and shorten quantity of cash for dividends payout. Calculation of a number of indexes show that such policy positively influences on the enterprise value, may decrease cost of capital and bring more stability into financial condition of a company.

- by Lifescience Global Canada
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- Finance, Accounting, Capital Structure, Share price

A number of studies have been undertaken to identify the factors affecting share prices in different stock markets, However, the results of past empirical studies to determine the effect on share price were not very conclusive and there were some recent results that seemed to contradict previous studies. The present study seeks to examine the effect of firm-specific determinants of share prices with particular reference to the Non-Financial firms listed in Automobile Sector on Pakistan Stock Exchange (PSX). The study employs a data-set from 15 listed firms belonging to automobile sector on PSX from 2004 to 2017. The data was collected from DataStream, annual reports, State Bank of Pakistan and Pakistan Stock Exchange. This study used unbalanced panel data and statistical analysis techniques like descriptive statistics, correlation matrix and ordinary least square (OLS) regression was tested. The result found that firm-specific determinants (EPS and P/E ratio) have positive significant impact on share price of firm in Pakistan. This study contributes to the current literature and ongoing debate regarding firm-specific factors impacting share price in an emerging market with particular reference to automobile sector in PSX

- by IAEME Publication
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- Share price, Determinants, Firm-specific, Pooled OLS

The role of government-linked companies (GLCs) in Malaysia is vital for the growth of the economy in Malaysia. Nonetheless, the perception from the public at large towards GLCs in Malaysia was unpleasant because of the performance not as it should be as GLCs. Using 17 GLCs listed on the Bursa Malaysia, this study aims to investigate the factors that determine the share prices for the GLCs in Malaysia over the period from 2013 until 2017. The influence of the independent variables, namely return on asset, return on equity, dividend per share, price-earnings ratio, current ratio and acid test ratio on the share prices were tested using multiple regression analysis. The result of this study shows that those variables account for 69.6% of GLCs share price movements. Additionally, dividend per share, price-earnings ratio and acid test ratio are significantly positively related to share prices. These findings imply that for managers to create value for their shareholders, they should increase the dividend paid to shareholders, improve the company's earnings and have more liquid assets.

This study analyzes the impact of different types of dividend declaration, namely stock and cash dividends. Using event study method, MAAR and CAAR, this study found no evidence of abnormal returns on the declaration day for either of the types of dividends. However, significant negative returns are reported on days prior to the declaration day for stock dividend, indicating speculative nature of the investors. Furthermore, it provides positive returns during the post-announcement period as the investors realize the chance of potential gains. However, as far as cash dividend is concerned companies listed under DSE do not provide any significant abnormal returns during the 60 days event window. For CAAR, no significant return is reported for cash dividend, while stock dividend provided a maximum 5.6% abnormal returns during the post announcement period.

- by Asian Business Review
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- Bangladesh, Share price, Dhaka Stock Exchange, Cash Dividends

An increasing interest in funds investing into corporate social responsibility portfolios is noticeable as well
as the current trend to promote indices based on reputational factors in stock exchanges.
The aim of the research is to identify significance of ‘reputational’ indices for investors, and thus for public
companies in developing stock exchanges the long-run. The author put forward a hypothesis, that the fact that a
company has joined the index based on reputational factors should have an impact on its perceived reputation,
and thus on investors’ decisions reflected in an increase in shares’ prices.
The research is based on the event study methodology. It applies buy-and-hold abnormal returns (BHAR)
methodology into share prices of companies included into the stock exchange index based on reputational
factors. The analysis revealed a significant increase in shares’ prices of analysed companies after inclusion.
However, it is not as important as it seems to be, because the included companies had to meet the tough
requirements to be included into the Index, so they have already experienced increasing positive BHARs before
the inclusion.

- by Anna Blajer-Gołębiewska
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- Corporate Reputation, Stock Markets, Share price, Abnormal Returns

Share price Research Papers - Academia.edu (original) (raw)