scholarly journals EFFECT OF VOLUME OF SHARES TRADED ON SHARE PRICES OF FIRM’S LISTED ON NAIROBI SECURITY EXCHANGE

2017 ◽  
Vol 1 (3) ◽  
pp. 71
Author(s):  
Batista J. Mariko ◽  
Theuri J. M
Keyword(s):  
Stock Returns ◽  
Negative Relationship ◽  
Secondary Data ◽  
Sampling Technique ◽  
Target Population ◽  
Share Price ◽  
P Value ◽  
Share Prices ◽  
Rights Issue ◽  
The Impact

Purpose: The purpose of this study was to establish the effect of volume of shares traded on share prices of firm’s listed on Nairobi Security Exchange.Methodology: The study was carried out using descriptive research design. The target population consisted all companies listed on the NSE, and had previously done a rights issue. Convenient sampling technique was used to identify firms that had rights issue in the period under study.  Secondary data was collected using a schedule developed by the researcher. Data analysis was done using events study methodology and regression modelling.Results: Based on the findings the study found out that there existed a negative relationship between volume of shares traded and the share price. Specifically, the share price is negative (β=-0.909) and significant (p-value = 0.000) at 5% and that 9.4 percent of the variations in volume of shares traded were explained by the variations in share pricesUnique contribution to theory, practice and policy: Based on the findings the study recommends that further studies to be done on the impact of bonus issues, IPOs, and the global economic crisis (2008-2009) on stock returns of companies listed at the NSE.

scholarly journals EFFECT OF NEW INFORMATION FROM RIGHTS ISSUE ANNOUNCEMENT ON SHARE PRICES OF FIRM’S LISTED ON THE NAIROBI SECURITY EXCHANGE

2017 ◽  
Vol 1 (3) ◽  
pp. 54
Author(s):  
Batista J. Mariko ◽  
Theuri J. M
Keyword(s):  
Stock Returns ◽  
Secondary Data ◽  
Sampling Technique ◽  
Target Population ◽  
P Value ◽  
Unique Contribution ◽  
Share Prices ◽  
New Information ◽  
Rights Issue ◽  
The Impact

Purpose: The purpose of this study was to establish the effect of new information from rights issue announcement on share prices of firm’s listed on the Nairobi Security Exchange.Methodology: The study was carried out using descriptive research design. The target population consisted all companies listed on the NSE, and had previously done a rights issue. Convenient sampling technique was used to identify firms that had rights issue in the period under study.  Secondary data was collected using a schedule developed by the researcher. Data analysis was done using events study methodology and regression modelling.Results: Based on the findings the study found that mean share prices before and after the rights issue announcement was statistically insignificant as indicated by the t-test (t= -0.435 and p-value = 0.663).Unique contribution to theory, practice and policy: Based on the findings the study recommends that further studies to be done on the impact of bonus issues, IPOs, and the global economic crisis (2008-2009) on stock returns of companies listed at the NSE.

scholarly journals EFFECT OF INFORMATION ADJUSTMENT TIME ON SHARE PRICES FOR FIRM’S LISTED ON THE NAIROBI SECURITY EXCHANGE

2017 ◽  
Vol 1 (3) ◽  
pp. 87
Author(s):  
Batista J. Mariko ◽  
Theuri J. M
Keyword(s):  
Stock Returns ◽  
Secondary Data ◽  
Sampling Technique ◽  
Target Population ◽  
Share Prices ◽  
Descriptive Research ◽  
Adjustment Time ◽  
Study Methodology ◽  
Rights Issue ◽  
The Impact

Purpose: The purpose of this study was to establish the effect of information adjustment time on share prices for firm’s listed on the Nairobi Security Exchange.Methodology: The study was carried out using descriptive research design. The target population consisted all companies listed on the NSE, and had previously done a rights issue. Convenient sampling technique was used to identify firms that had rights issue in the period under study.  Secondary data was collected using a schedule developed by the researcher. Data analysis was done using events study methodology and regression modelling.Results: Based on the findings the study indicated that there was slow information adjustment as established by the lagged residuals of the residuals. Specifically, the effects of rights issue announcement persisted for 2 days and thus indicating a slow information adjustment.Unique contribution to theory, practice and policy: Based on the findings the study recommends that further studies to be done on the impact of bonus issues, IPOs, and the global economic crisis (2008-2009) on stock returns of companies listed at the NSE.

scholarly journals Predicting Stock Return of UAE Listed Companies Using Financial Ratios

2019 ◽  
Vol 8 (2) ◽  
pp. 214
Author(s):  
Arindam Banerjee
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Share Price ◽  
Financial Ratios ◽  
P Value ◽  
Dividend Yield ◽  
Value Analysis ◽  
Return On Equity ◽  
Equity Ratio ◽  
The Impact

Over the past few decades, numerous research across the globe has been conducted to examine the impact of firm performance on its stock return. The findings of these studies have been varied. In spite of the long standing research in this area, several attempt towards exploring this relationship has led to limited success owing largely to the existence of volatility across different stock markets. The variance in the volatility in these markets make it extremely difficult to obtain a uniform measure. A volatile stock market makes it difficult for the accounting and financial variables to accurately predict the stock returns (Feris & Erin, 2018).  The primary aim of this paper is aimed to investigate whether financial ratios can be used as a predictor of stock returns in the context of United Arab Emirates (UAE). The sample of the study includes thirty companies from the Dubai Financial Market (DFM) and Abu Dhabi stock exchange (ADX). Data is collected for the period of 2017. This research comprises of five independent variables namely, Earning Per Share ratio (EPS), Price Earning ratio (PE), Return on Equity ratio (ROE), Dividend Yield ratio (DY) and Debt Equity ratio (DE) and stock return is taken as the dependent variable. The study examines which among the given ratios can better predict stock returns both in the short run and the long run. The analysis is based on the regression analysis and correlation matrix. The results of correlation test revealed less multicollinearity between the variables and the regression results showed that Dividend Yield and the Return on Equity are statistically significant to predict the stock returns. However, Earning Per Share, Price Earning and Debt Equity could not predict the stock returns and thus can be safely considered as statistically insignificant. The t-stats test and p-value analysis were key indicators for arriving at the conclusion. The study can significantly benefit investors who can examine closely the dividend yield and return on equity while selecting an optimal portfolio. 

scholarly journals Return of beverage and food companies in Indonesia and its factors

2020 ◽  
Vol 1 (3) ◽  
pp. 245-254
Author(s):  
Dirvi Surya Abbas ◽  
◽  
Imam Hidayat ◽  
Keyword(s):  
Stock Returns ◽  
Systematic Risk ◽  
Secondary Data ◽  
Sampling Technique ◽  
Manufacturing Companies ◽  
Return On Equity ◽  
Risk Return ◽  
Food And Beverage ◽  
Equity Ratio ◽  
The Impact

Purpose: This study aimed to determine the impact on stock returns of food and beverage companies in Indonesia during the period 2013-2018 of instrument finance and systemic risk. Methodology: The sampling technique used purposive sampling. Based on the predetermined criteria, eight companies. Data used secondary data obtained from IDX. The method used is regression analysis logistic panel data. Results: Return on equity & systematic risk affected stock returns. Price earning ratio & debt to equity ratio did not affect stock returns. Limitation: The data used is only for food and beverage companies and does not include manufacturing companies as a whole. Contribution: Investors are expected to analyze the company's condition that will invest their capital; besides using technical analysis, it is also better to use fundamental analysis. Keywords: Instrument finance, Systematic risk, Return

scholarly journals The effect of investment risks on stock return in the agricultural sector

2021 ◽  
Vol 10 (6) ◽  
pp. 189-197
Author(s):  
Ali Sadikin ◽  
Fahmi Roy Dalimunthe
Keyword(s):  
Stock Returns ◽  
Agricultural Sector ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Interest Rate Risk ◽  
Coefficient Of Determination ◽  
Analysis Tool ◽  
Positive Direction ◽  
The Impact

This study purposes to determine the impact of risks of investment on stock returns of the agricultural sector in wetlands listed on the IDX for the period 2016-2019. This study uses secondary data while the analysis tool uses multiple linear regression (SPSS 21). The research population is 21 companies and the sample is 17 companies. The research sampling technique uses purposive sampling. The object of research is the agricultural sector which is listed on the Indonesia Stock Exchange for the period 2016 to 2019. This study also uses some classical assumptions. Testing the research hypothesis was done by t-test (partial test) and the coefficient of determination test. The results of the study are that 2 independent variables have a significant effect, namely interest rate risk (X1) in a positive direction and exchange risk in a negative direction, while liquidity risk and inflation risk have no significant effect with negative and positive directions on stock returns of the agricultural sector listed on the IDX for the period 2016-2019. The result of the research determination coefficient is 15.1%.

Who will land and stay? Page-specific antecedents of news engagement on social media

2020 ◽  
Vol 44 (5) ◽  
pp. 1013-1025
Author(s):  
Shahid Iqbal Khan ◽  
Ahmad Raza Bilal ◽  
Bilal Ahmad
Keyword(s):  
Social Media ◽  
Negative Relationship ◽  
Secondary Data ◽  
Target Population ◽  
Community Size ◽  
Content Type ◽  
Online Engagement ◽  
Specific Factors ◽  
Facebook Pages ◽  
The Impact

PurposeThe purpose of this study is to investigate the impact of page-specific factors such as page language, posting frequency and community size on online engagement in the context of social media pages of news channels in Pakistan.Design/methodology/approachFor this research, official Facebook pages of news channels in Pakistan were defined as the target population. Secondary data were obtained from the Facebook pages of 28 news channels in Pakistan. For the selected period between August and September 2019, a total of 420 cases were obtained and manually entered in SPSS 21 for analysis. Tweedie estimation was run to check the proposed hypotheses.FindingsResults show that English pages are more engaging than Urdu. Additionally, posting frequency and community size have a negative relationship with online engagement.Practical implicationsThe findings of the study suggest that administrators of social media pages of news channels should target English news readers more than Urdu news readers. Additionally, they should manage a low posting frequency so that readers may not get irritated. Administrators should not sponsor their pages to expand community size on a single page. Instead, they may opt to build a separate page for each news category with smaller community size.Originality/valueWhile previous studies have discussed the post-specific factors of engagement, this study has checked the impact of page-specific factors such as page language, posting frequency and community size on online engagement.

scholarly journals Impact of splits on stock splits ratios around announcement day: empirical evidence from India

2020 ◽  
Vol 17 (3) ◽  
pp. 345-359
Author(s):  
Anjali Gupta ◽  
Purushottam Kumar Arya
Keyword(s):  
Stock Returns ◽  
Stock Prices ◽  
Positive Impact ◽  
Abnormal Returns ◽  
Stock Splits ◽  
P Value ◽  
Share Prices ◽  
Stock Split ◽  
Percentage Basis ◽  
The Impact

Stock split should not have any impact on share prices, and there should be no value creation. The purpose of this study is to find any impact of stock splits announced in India between 1999 and 2019 on stock returns. The study aims to find differences in the impact of stock splits on stock returns with differences in stock split ratios. To examine the impact, the study includes 224 splits and adopts the standard event study methodology to find results. The presence of an abnormal return around split announcement day is the main factor, which determines the impact of stock split on the stocks. Average Abnormal Returns and Cumulative Average Abnormal Returns on percentage basis, z-test and p-value are used to statistically analyze the impact on stock prices around the announcement day of splits. These tests are used across different window periods (e.g., 20 days, 10 days and 5 days) around the event day (announcement day) to check if the impact of the event continues or decreases over time. The results point to a significant positive impact of stock splits on the returns of stock around the day the split was announced. The results also show that the impact is stronger for stock splits with ratios 10:1 (2.72 percent) and 10:2 (2.14 percent). It can be suggested that 10:1 and 10:2 are the most popular split ratios that receive maximum ongoing response to splits in the announcement window.

scholarly journals Determinants of Water-funded Projects in Mitigating Water Risks in Vihiga County, Kenya

2021 ◽  
pp. 15-26
Author(s):  
James M. Oketch ◽  
Edward M. Mugalavai ◽  
Nicodemus O. Nyandiko
Keyword(s):  
Focus Group ◽  
Environmental Flows ◽  
Evaluation Research ◽  
Secondary Data ◽  
Sampling Technique ◽  
Primary Data ◽  
P Value ◽  
Focus Group Discussions ◽  
Group Discussions ◽  
The Impact

Currently, 85 per cent of the world’s human  population lives in the drier half of the Earth, which exacerbates the water risks including lack of access to safe water, poor basic sanitation and water-related disasters and diseases. Vihiga County is located in the western region of Kenya (former western province). The county covers a total area of 531.0 Km2. This paper examines the impact of water related risks on the livelihood of residents in Vihiga County. The study used evaluation research design. A sample size of 384 households was used to obtain data from the households. Sampling technique comprised of multistage sampling for the households, Quota sampling for the Focus Group Discussions and purposive sampling for the Key Informants. Primary data was gathered by use of questionnaires, Key Informant Interview guides, observation checklists and Focus Group Discussions. Secondary data was collected by use of publications, journals, and internet access. Quantitative data was analysed using Microsoft excel, and Statistical Package for Social Scientists (SPSS) version 20.0. Results reveal that majority of the household respondents had experienced different forms of water related risks including, water pollution at 42%, inadequate water infrastructure 32%, poor water governance 10%, water scarcity 7% and environmental flows at 4% respectively. The study established that the existing Water Funded Projects (WFPs) initiatives include protected water springs at 31%, water kiosks 21%, boreholes at 18%, open wells 14 %, rain water harvesting at 12% while 4% of household respondents had piped water. The results (X25, 0.05=69.76; p-value=0.000) indicating that Water Funded Projects (WFPs) initiatives have positively influenced reduction in water related risks.

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

scholarly journals The Impact of Malnutrition on the Increasing Risk of Bronchopneumonia Among Under Five-Year children

2021 ◽  
Vol 15 (6) ◽  
pp. 1506-1508
Author(s):  
Intan Mutiara Putri ◽  
Ade Nopriyanti
Keyword(s):  
Nutritional Status ◽  
Secondary Data ◽  
Sampling Technique ◽  
P Value ◽  
Chi Square ◽  
The Public ◽  
Under Five ◽  
Case Research ◽  
The Impact ◽  
Test Result

Background: Bronchopneumoniabecomes, one of the infectious diseases, is causing mortality in under five-year children. One of the risk factors of pneumonia in under five-year children is nutritional status. One of the types of pneumonia is the inflammation occurred on the tip of the bronchioles. Aim: This research aimed to observe the relation of nutritional status and bronchopneumonia among under five-year children. Method: This research had been approved by the Research Ethics Committee in Universitas ‘Aisyiyah Yogyakarta. This control case research was conducted in the Public Regional Hospital of Panembahan Senopati, Bantul Yogyakarta. The study used 86 respondents (under five-year children) aged 12 to 60 months suffering from bronchopneumonia and 86 respondents (under five-year children) with pneumonia with the same ages as the previous one. The respondents were found using the random sampling technique listed in this research. The data were collected from the secondary data from the medical record. Results: The chi-square statistical test result showed that the under five-year children with the malnutrition had three times higher risk of suffering bronchopneumonia than those with good nutritional status (p-value: 0.001 and 95% CI: 1611-5.578). Keywords: Nutritional Status, Bronchopneumonia, Under Five-Year Children

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