scholarly journals IMPACT OF DIVIDEND PER SHARE ON SHARE PRICES OF SELECTED CONSUMER GOODS FIRMS LISTED IN THE NIGERIA STOCK EXCHANGE

2021 ◽  
pp. 142-155
Author(s):  
Egolum Priscilla. U ◽  
Onyeogubalu Ogochukwu. N
Keyword(s):  
Consumer Goods ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Share Price ◽  
Linear Regression Models ◽  
Share Prices ◽  
Independent Variable ◽  
Level Of Significance ◽  
The Impact

Prospective investors in the Stock Exchange desire empirical based analysis of firms’ performance to guide their investment decisions. This study examined the impact of quantitative factor, dividend per share (DPS) on determination of share prices of the selected consumer goods firms listed in the Nigeria Stock Exchange over the period 2009-2018. One hypothesis anchoring on the impact of independent variable DPS on the share prices was formulated for testing in this study. Judgmental sampling technique was adopted in the study. Annual financial statements of the selected firms were used for the study. Ratio analysis, correlation and linear regression models were used to measure the impact of the independent variable on the Share price (SP), the dependent variable. Paired sample t-test was used to test the hypotheses at 5% level of significance. The empirical findings show that, there is a positive correlation between the independent variable (DPS). DPS is accountable for about 21.7% changes in the share prices of consumer goods firms listed in the Nigeria Stock Exchange. Investors are enjoined to carefully scrutinize the trend in the DPS of the consumer goods company listed in Nigeria Stock Exchange among other variables before investing their funds; doing so will lead them to making good and viable investment decisions. Management of the consumer goods firms should also strive to operate optimal dividend policy that will not be detrimental to the share price of its organization. KEY WORDS: Dividend per share, share price, Stock Exchange, consumer goods firms.

scholarly journals PENGARUH FAKTOR FUNDAMENTAL, INVESTMENT OPPORTUNITY SET, DAN PERTUMBUHAN PERUSAHAAN TERHADAP HARGA SAHAM YANG DIMEDIASI OLEH PUTUSAN INVESTASI SEKTOR PERKEBUNAN PADA BURSA EFEK INDONESIA

2019 ◽  
Vol 13 (2) ◽  
pp. 169-195
Author(s):  
Adi Hasan Ragil Saputra
Keyword(s):  
Stock Prices ◽  
Structural Equation ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Share Price ◽  
Investment Opportunity ◽  
Share Prices ◽  
Equation Modelling ◽  
Investment Opportunity Set

The share price of the plantation sector during the period of 2013 - 2017 is one of the sectors that have growth negative (Financial Market Update, 2017). This study uses a sample of plantation sector companies listed on the Indonesia Stock Exchange during 2013-2017 with a sampling technique that is purposive sampling and analyzed with structural equation modelling (SEM) . The results of the study show that the fundamentals of stock prices both directly and indirectly are significant. IOS to share prices, both directly and indirectly, are significant. While the company's growth in stock prices both directly and indirectly are not significant. This is because the growth of plantation sector companies is more dominantly influenced by external factors outside of management and company conditions. Investment decisions have a significant effect on stock prices. Investment decisions have a significant effect intervening the effect of fundamental variables on stock prices. Investment decisions also significantly influence intervening the effect of IOS variables on stock prices. While investment decisions have no significant effect in intervening the company's growth in stock prices.

Pengaruh Profitabilitas, Likuiditas dan Solvabilitas terhadap Harga Saham pada Sektor Transportasi yang Terdaftar di BEI Tahun 2014-2018

2021 ◽  
Vol 11 (1) ◽  
pp. 41-53
Author(s):  
Popy Marsela ◽  
One Yantri
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
Share Price ◽  
Significant Positive Effect ◽  
Share Prices ◽  
Negative Effect ◽  
Equity Ratio ◽  
Independent Variable ◽  
Positive Effect ◽  
Method Approach

This study aims to determine the effect of Profitability, Liquidity and Solvability on the share prices of sector Transportation on the Indonesia Stock Exchange (IDX) period 2014-2018. The Share Prices as the dependent variable is proxied by Closing Price. The independent variables in this Profitability, Liquidity and Solvability. The Profitability is proxied by Return On Asset (ROA), Liquidity is proxied by Current Ration (CR), Solvability is proxied by Debt to Equity Ratio (DER). The research method uses a quantitative method approach. The results of this experiment showed that the independent variable Profitability has a significant positive effect on stock prices with a significance of 0.000 < 0.00. Liquidity has not a significant negative effect on stock prices with a significance value of 0.181 > 0.005. Solvability has a significant positive effect on stock prices with a significance of 0.001 < 0.005. Profitability, Liquidity, and Solvability together significantly influence the Share Price with a significance value of 0.000 < 0.005.

scholarly journals Pengaruh Inflasi Dan Earning Per Share (EPS) Terhadap Harga Saham di Sektor Industri Barang Konsumsi pada Indeks Saham Syariah (ISSI)

2020 ◽  
Vol 2 (2) ◽  
pp. 121-130
Author(s):  
Chairani Chairani ◽  
Gatot B Setiawan ◽  
Rachma Zannati
Keyword(s):  
Consumer Goods ◽  
Stock Prices ◽  
Sampling Technique ◽  
Financial Statements ◽  
Purposive Sampling ◽  
Share Prices ◽  
Fundamental Factor ◽  
Industry Sector ◽  
Earnings Per Share ◽  
The Impact

Purpose-. The aim of this study is to examine the impact of inflation and earnings per share (EPS) on the share prices of the consumer goods sector. Methods- Data are collected from the financial statements in the Consumer Goods Industry Sector, namely 18 companies registered at ISSI. With the period 2014-2018 using a purposive sampling technique. Findings- The analysis results show that inflation has not been proven to have a significant effect on stock prices, while EPS has a positive and significant effect. The implication of this finding is that the fundamental factor information of EPS ratios in financial statements can be useful information to predict sharia stock prices

scholarly journals Impact of Corporate Social Responsibility Awards on Share Prices

2019 ◽  
Vol 5 (1) ◽  
pp. 141-154
Author(s):  
Zeeshan Mahmood ◽  
Javed Iqbal ◽  
Waris Ali ◽  
Muhammad Aamir
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stock Exchange ◽  
Business Case ◽  
Share Price ◽  
Event Window ◽  
Share Prices ◽  
Study Methodology ◽  
Corporate Social ◽  
The Impact

This paper provides empirical evidence to evaluate the business case of corporate social responsibility. In contrast to former studies, we choose to examine the relationship between corporate social responsibility awards and share prices. We examined this relationship in the contextual setting of Pakistan, where several award schemes are operating to reward CSR performance. An event study methodology was adopted to investigate the impact of award announcement on the abnormal return of TOP 100 companies listed on the Pakistan Stock Exchange. A daily price for each company was collected during the estimation window of 120 days before the event window and an event window of 3 days [-1, 0, 1]. Our analysis shows that the overall announcement of CSR awards has an insignificant impact on share price.                                             

Determinants of changes in share prices in banking sector of Pakistan

2014 ◽  
Vol 30 (2) ◽  
pp. 121-130 ◽  
Author(s):  
Shahid Mohammad Khan Ghauri
Keyword(s):  
Banking Sector ◽  
Stock Exchange ◽  
Small Sample Size ◽  
Small Sample ◽  
Share Price ◽  
Content Type ◽  
Share Prices ◽  
Effect Regression ◽  
Asset Growth ◽  
The Impact

Purpose – Over the past many years ago, lot of work has been completed by the researchers trying to understand the relationship between different factors and stock exchange prices. The author has tried to explain different factors that affect share prices. The purpose of this paper is to know about the impact of size, dividend, profitability, asset growth of 15 Pakistani banks on share price on the basis of previous behavior of all the variables with each other. Design/methodology/approach – A sample of 15 banks has been selected from Karachi stock exchange for the period of 2008-2011, Arch-Garch and unit root cannot be applied to check the stationarity and volatility due to small sample size. The analysis utilized fixed effect regression model, the test includes regressing the dependent variable SP (share price) and independent variables size, DY (dividend yield), ROA (return on asset), and AG (asset growth). Findings – Results show that “size” has a positive significant relationship with the share price while the other variables have insignificant relationship. Originality/value – This paper helps in determination of the factors that affect share price fluctuations in banking sector of Pakistan. The similar affects can be observed in financial sector in other countries.

scholarly journals Impact of Accounting Information on Share Price: Empirical Evidence from Pakistan Stock Exchange

2016 ◽  
Vol 3 (1) ◽  
pp. 124
Author(s):  
Muhammad Asif ◽  
Kashif Arif ◽  
Waqar Akbar
Keyword(s):  
Capital Market ◽  
Stock Prices ◽  
Stock Exchange ◽  
Explanatory Power ◽  
Accounting Information ◽  
Time Frame ◽  
Share Price ◽  
Share Prices ◽  
The Impact ◽  
The Relationship

Purpose—The purpose of this paper is to examine the relationship between accounting information and share price. In order to achieve this, a model that includes specific accounting ratios (earning per share, book value per share, capital employed per share and operating cash flow per share) and shares a price is developed. Design/methodology/approach—The data were collected from the companies listed in KSE-30 index. The time frame spans from 2006 to 2013 and OLS regression models were used to examine the relationshipsFindings—The resulting evidence suggest that accounting information parameters have significant influence on share price and they have joint explanatory power in determining stock prices. This research finds the consistent results with pervious empirical researches.Originality/value—The present study adds to the existing literature by examining the impact of accounting information on share prices within the context of an emerging capital market such as Pakistan Stock Exchange using KSE-30 companies. This is believed to be the first study which considers the aforementioned issues in the Pakistan’s capital market environment.

scholarly journals THE EFFECT OF CURRENT RATIO, DEBT TO EQUITY, SALES GROWTH TOWARDS RETURN ON ASSET AT CONSUMER GOOD COMPANIES LISTED IN STOCK EXCHANGE

2021 ◽  
Vol 4 (6) ◽  
pp. 60-70
Author(s):  
Hantono
Keyword(s):  
Stock Exchange ◽  
Sampling Technique ◽  
Consumer Good ◽  
Consumer Products ◽  
Sales Growth ◽  
Current Ratio ◽  
Simultaneous Impact ◽  
Equity Ratio ◽  
Independent Variable ◽  
The Impact

The aim of this research is to establish and evaluate the impact of profitability on consumer goods firms listed on the stock exchange in the period from 2012 to 2016. The community included in this study, including all consumer products firms. The survey shall be considered using an analytical sampling technique for a limit of 40 firms. The details included in this analysis was supplementary data by collecting the required information from IDX, such as the 2012 – 2016 financial study. The approaches used to evaluate the interaction between the independent variable and the dependent variable are the form of double regression and the method of inference. The outcome indicates that factors – separate variables; current ratio, debt-to-equity ratio, Revenue Development have a significant simultaneous impact on profitability, whereas current ratio, working capital turnover, debt-to-equity ratio have a significant partial effect on profitability.

scholarly journals ASSESSING THE IMPACT OF ACCOUNTING INFORMATION ABOUT COMPANIES ON THEIR STOCK QUOTES: AN EMPIRICAL ANALYSIS OF THE ACTIVITIES OF COMPANIES PARTICIPATING IN KUWAIT AND SAUDI ARABIA STOCK EXHANGES

2021 ◽  
pp. 5-14
Author(s):  
F. Rahal
Keyword(s):  
Market Share ◽  
Stock Exchange ◽  
Accounting Information ◽  
Share Price ◽  
Return On Equity ◽  
Share Prices ◽  
Listed Firms ◽  
Kuwait Stock Exchange ◽  
Equity Ratio ◽  
The Impact

Market Share Prices have important roles in determining the performance of the companies. Companies aim continuously to have a high market share prices for many goals. Therefore, understanding all variables that affect share prices is vital for investors. To examine if the Accounting Information affects market share prices, we studied the effect of some financial ratios determined from accounting statements on share prices for listed firms on Kuwait Stock Exchange and Saudi Stock Exchange. For Kuwait stock exchange, the quantitative methodology relied on the panel multiple regression through compiling and analyzing the Accounting Information and Market Share Price using secondary data for the period 2011 – 2018. The independent variables are Return on Equity (ROE), Earning per Share (EPS), and Dividend per Share(DPS) and the dependent variable is Market Share Price (MSP) of premier listed companies on Kuwait stock exchange. The analysis of the coefficient of correlation (R) shows that the correlation is very strong among DPS and EPS, DPS and ROE, EPS and ROE whilst it is strong among MSP and ROE, MSP and DPS, and EPS and MSP. Moreover, the variation of the three variables affects strongly the variation of MSP significantly on 1%. Therefore, there is a cause-effect relation between Accounting Information and MSP. Moreover, this paper examines the impact of return and leverage ratios on the Market Share Price of listed firms on Saudi Stock Exchange. The panel-data approach of fixed effect is used during the period of 2015 to 2018. To achieve the purpose of research return on equity as a proxy for profitability information, debt to equity ratio as a proxy for profitability ratio and natural logarithm of total assets as a proxy for the firms’ size are considered as dependent variables while market share price is considered as an independent variable. The results indicate that debt ratio and degree of financial leverage is negatively determining the share price while size has significant positive impact on the share. Debt to equity ratio is insignificant in effecting share price.

scholarly journals Factors Affecting Share Prices of Banking sector of Pakistan

2016 ◽  
Vol 3 (1) ◽  
pp. 1-5
Author(s):  
Muhammad Ahsan Chhipa ◽  
Agha Ammad Nabi
Keyword(s):  
Banking Sector ◽  
Positive Impact ◽  
Stock Exchange ◽  
Intrinsic Value ◽  
Point Of View ◽  
Share Price ◽  
Dividend Yield ◽  
Return On Assets ◽  
Share Prices ◽  
The Impact

It is very important to understand the value of share prices as it will be beneficial for both investor as well as the company. By understanding those determinants that can effect the share price, the investor will be in a position to make various profitable investment decisions. Whereas, from the company’s point of view it helps to know about the Intrinsic value of company’s shares. The purpose of this research was to find out the impact of share price on banking sector in Pakistan, as it shows the positive correlation of leverage on share price of banking sector registered in Pakistan Stock Exchange. The data was extracted from the State bank of Pakistan official Website and from companies financial data starting from 2010 till 2017 of 20 companies in Banking sectors registered in Pakistan Stock Exchange (PSX). While share price have 4 control variables (Earning per Share, Dividend Yield, Return on Assets and Assets Growth) all the results shows low variation of share price on Banking sector in Pakistan. We used Simple regression analysis and the results shows the positive impact of earning per share variable that shows impact on share price while dividend yield has positive impact on share price, assets growth has positive impact on share price, and return on assets has positive impact on share price.

scholarly journals Pengaruh Likuiditas terhadap Harga Saham PT. Jasa Marga (Persero) Tbk

2020 ◽  
Vol 9 (2) ◽  
pp. 152
Author(s):  
Nadia Lestari ◽  
Aris Munandar
Keyword(s):  
Stock Price ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Sampling Technique ◽  
Share Price ◽  
Financial Statement ◽  
Current Ratio ◽  
Test Analysis ◽  
Share Prices ◽  
Independent Variable

This study aims to determine whether there is a significant effect between Liquidity on Share Prices at PT. Jasa Marga (Persero) Tbk. Liquidity as the independent variable while the Stock Price as a Bound Variable. The cause of Jasa Marga's share price decline is because the company will enter an expansion cycle. This increase was due to the increase in debt to the Bank to finance land bailouts to the Subsidiaries which was quite high. This condition is considered to have influenced the downward trend in share prices of PT. Jasa Marga (Persero) Tbk. This type of research is associative using secondary data, the population used is financial statement data for 12 years starting in 2007 - 2018 while the sample in this study is financial statement data for 5 years, namely in 2014 - 2018. The sampling technique using Purposive Sampling. Collection techniques using documentation and study of literature. Data analysis techniques using Current Ratio, Simple Linear Regression Analysis, Simple Correlation Coefficient, Simple Determination Coefficient, and One-Sample t-Test Analysis. The results of the Current Ratio value have fluctuated for 5 years, but losses have increased very high in 2015, 2016, and 2018. Current Ratio has a significant effect on the Stock Price

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