scholarly journals Analysis of Fundamental Factors Affecting Stock Prices in Automotive Companies Listed on the Indonesia Stock Exchange Period 2014-2017

2018 ◽  
Author(s):  
Iqbal Firdausi ◽  
Ibrahim Daud ◽  
Riswan Lutfi ◽  
M. Fajar Ansari
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
Factors Affecting

Financial Factors Affecting Price-to-Earnings Ratios in Canada

2021 ◽  
Vol 6 (2) ◽  
pp. 43-61
Author(s):  
Natalia Popa Antalovschi ◽  
Raymond A. K. Cox
Keyword(s):  
Financial Reporting ◽  
Stock Prices ◽  
Stock Exchange ◽  
Fiscal Year ◽  
Unique Contribution ◽  
Policy And Practice ◽  
Factors Affecting ◽  
Financial Factors ◽  
Natural Logarithm ◽  
Forward Price

Purpose: The purpose of this study is to ascertain which financial factors affect the price-to-earnings ratios of Canadian firms. Methodology: A sample of 578 Canadian firms, across 11 industries, listed on the Toronto Stock Exchange during 2011 to 2018 is examined. Stock prices and financial statements accounts data is collected from S & P Capital IQ. We compute 27 financial factors to use as independent variables to regress on the price-to-earnings ratio dependent variables employing the Statistical Package for Social Sciences (SPSS) utilizing the software program’s forced, forward, and backward selection methods. Robustness tests are conducted using alternative dates (after the fiscal year end) to discover which model of financial factors best explains the forward price-to-earnings ratio as well as other statistical methods such as analysis of variance. Results: We find a unique model for each of the 3 models based on the forward price-to-earnings ratio date. The financial factors that explain each of the dates after the end of the fiscal year (1 month, 2 months, and 3 months) are the 4 variables: net profit margin, return on investment, total asset turnover, and the natural logarithm of the total assets. For model 3 (1 month after fiscal year end), in addition to the previous 4 factors, the dividends per share is part of the regression equation. All 3 models have strong statistically significant results at an alpha level of one percent. Further, industry effects are deduced and presented. Unique contribution to theory, policy, and practice: The results are unique to a Canadian sample of firms post- International Financial Reporting Standards (IFRS) adoption. Companies can utilize the empirical findings to manage their financial performance to maximize their price-to-earnings ratio. A product of a firm’s higher price-to-earnings ratio is a lower cost of capital which expands the corporation’s investment opportunities. Investors can apply this research to develop investment strategies hinged on price-to-earnings ratios to augment investment returns.

scholarly journals Analysis Of Factors Affecting the Value Of Manufacturing Industry Companies in the Indonesian Stock Exchange (IDX)

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Javindri Yoseph Renaldi ◽  
Dahlia Br. Pinem ◽  
Yul Tito Permadhy
Keyword(s):  
Stock Prices ◽  
Firm Value ◽  
Stock Price ◽  
Manufacturing Industry ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sample Collection ◽  
Factors Affecting ◽  
Research Population

The purpose of this research is conducted to analyze factors the extent of influence (Liquidity - CR), (Leverage - DER), and (Dividend Policy - DPR) that can occur with (Firm Value - PBV). Manufacturing Industry Company was chosen because of fluctuations in stock prices that surged from the Composite Stock Price Index. The theory used is the signaling theory, trade-off theory, and dividend policy theory. The data used are secondary data with a sample collection method using purposive sampling. Where the research population is used is manufacturing industry companies listed on the Indonesia Stock Exchange (BEI) 2016-2018 observation period a number of 157 companies, with the final sample of this research obtained 34 selected companies that became the sample criteria. Data analysis techniques were performed using descriptive statistics and panel data regression analysis, with the help of the application E-views version 9.0 and Microsoft Excel 2013. The results of the research partially revealed that the variable (Leverage - DER) had an influence on (Firm Value - PBV) while the variable (Liquidity - CR) and (Dividend Policy - DPR) have no influence on Firm Value. And the independent variables affect the dependent variable by 16.64%. 

scholarly journals Analysis of factors affecting stock prices in mining sector: Evidence from Indonesia Stock Exchange

2019 ◽  
pp. 1701-1710 ◽  
Author(s):  
Zakia Maulida Antono ◽  
Adam Amril Jaharadak ◽  
Abdul Ali Khatibi
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
Mining Sector ◽  
Factors Affecting

scholarly journals Factors Affecting Service Share Prices at Amman Stock Exchange

2019 ◽  
Vol 14 (7) ◽  
pp. 149
Author(s):  
Abdul Aziz Farid Saymeh ◽  
Rashed Mohamad Salameh
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
Market Value ◽  
Cash Flows ◽  
Return On Assets ◽  
Factors Affecting ◽  
Share Prices ◽  
Service Companies ◽  
Study Results ◽  
Amman Stock Exchange

The research objective was to identify the determinants of services stock prices. Research community was represented by the service companies listed in Jordan’s Amman Stock Exchange (ASE). The companies were selected to whose shares continued trading during the study period (2010-2015). The study sample was composed of (27) shareholding companies which were listed on the Amman Stock Exchange (ASE) during the afore mentioned period. The study results revealed that there was a significant impact of the factors selected such as: profits (distributed profits, return on assets and net cash flows from operations) on the market value of service companies share prices listed on ASE. The study recommended that further studies ought to be conducted to specify the factors that might affect the market value of listed companies’ shares.

scholarly journals FUNDAMENTAL AND TECHNICAL ANALYSIS OF THE STOCK PRICE

2019 ◽  
Vol 1 (1) ◽  
Author(s):  
Denis Spahija ◽  
Seadin Xhaferi
Keyword(s):  
Stock Market ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Stock Exchanges ◽  
Full Time ◽  
Equal Opportunities ◽  
Factors Affecting ◽  
The Past ◽  
Real Value

Trading with stocks in developed market conditions for some is fun, for others it is a way to preserve the real value of the asset, while for the most is a challenge to gain bigger profits quickly and easily. Dreams on stock market alchemy rely on the development and upgrading of special systems whose ultimate goal is to uncover stock price secrets and their changes. What are the chances of this happening? Chances are minimal, according to experiences from the world’s leading stock exchanges in the past. The stock market complexity, the number and unpredictability of factors affecting stock prices and unexpected changes or stability do not give much hope to those who know what’s going to happen in the future. In such endeavors there are equal opportunities for both stock exchange experts and full-time amateurs. For all this, if the stock market cannot be defeated or deceived, then it is better to join it. So this means: to create a diversified portfolio of securities that provides a safe income, slightly higher than annual inflation, minimizing the risk.

scholarly journals Market Reaction To IFRS: Evidence from the Athens Stock Exchange

2011 ◽  
Vol 1 (1) ◽  
pp. 1 ◽  
Author(s):  
Anastasia Maggina
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
Accounting System ◽  
Factors Affecting ◽  
Market Effects ◽  
A Value ◽  
Reporting Incentives ◽  
Mandatory Adoption ◽  
Athens Stock Exchange ◽  
Tax Reporting

The capital market effects of IAS/IFRS have been examined in the international literature and have indicated taht the effects are significant.In the contrary,evidence drawn from the Athens Stock Exchange indicates that there is no effect of IAS/IFRS on stock prices and returns.The point was whether mandatory adoption of AS/IFRS could guarrantee a value-relevant accounting information.Restricted to a country with poor institutional factors affecting teh preparers'financial reporting incentives,the empirical findings are justified.On the other hand,the transition from a tax-driven accounting system which was characterized by a stakeholder(debt-holder) orientation to a shareholder oriented(and independent from tax reporting considerations) accounting system seems to be ineffective up to date.

scholarly journals Factors Affecting Capital Structure And Stock Prices Of Agricultural And Mining Companies

Riset ◽  
2019 ◽  
Vol 1 (2) ◽  
pp. 099-111
Author(s):  
Ivena Gracia ◽  
Rosinta Ria Panggabean
Keyword(s):  
Capital Structure ◽  
Significant Influence ◽  
Stock Prices ◽  
Stock Exchange ◽  
Share Price ◽  
Sales Growth ◽  
Business Risk ◽  
Factors Affecting ◽  
Optimal Capital Structure ◽  
Asset Growth

The purpose of this study was to analyze the influence of business risk, asset growth, sales growth, earning per share, and asset structure to capital structure and share price. This study involved mining and agriculture companies listed on IDX within the period of 2010-2017. The analysis employed eViews 9. Based on the hypothesis testing, it was found that that business risk, sales growth, and asset structure do not have a significant effect on capital structure. However, asset growth has a significant influence. Furthermore, sales growth and EPS do not have a significant effect on share price, but the asset structure has a significant influence. This research is a development of previous research by adding earnings per share as an independent variable and covering the period 2010 - 2017 in order to show the most actual conditions. Company management can make the results of this study a consideration in determining the optimal capital structure.   This study only examined the mining and agricultural sectors on the Indonesian stock exchange.

scholarly journals Investor Sentiment by Money Flow Index and Stock Return

2021 ◽  
Vol 12 (4) ◽  
pp. 33
Author(s):  
Lai Cao Mai Phuong
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
Empirical Studies ◽  
Investor Sentiment ◽  
Individual Characteristics ◽  
Excess Return ◽  
Flow Index ◽  
Data Series ◽  
Factors Affecting ◽  
Money Flow

Factors affecting stock prices have been studied by many scholars on different stock markets. However, the number of empirical studies applying technical analysis indicators to measure investor sentiment is quite limited. To explore this interesting topic, this study uses the Money Flow Index (MFI) indicator to measure an investor's sentiment by various thresholds and to test its effect on the excess return on Vietnam stock market. Data series including market, interest rate, finance and transaction data of 138 companies listed on the Ho Chi Minh City Stock Exchange from 2015 to June 2020 are used in the equations Regression. The study's findings show that, after controlling for market factors, individual characteristics and liquidity of each company, investor sentiment as measured by the MFI indicator still has a significant impact on the return of stocks at all thresholds. In addition, when the MFI value area is near the starting and ending point of the scale (less than 20, greater than 80), the regression coefficients of these two thresholds and control variables both increase compared to the remaining models, return and significant effect to the excess return of the securities.

The Effect of Current Ratio and Debt to Asset Ratio on Net Profit Margin and Stock Prices: A Study of Basic Industry and Chemicals Companies

2020 ◽  
pp. 282-294
Author(s):  
Sudirman S ◽  
Muhammad Wahyuddin Abdullah ◽  
Muhammad Obie
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
Secondary Data ◽  
Profit Margin ◽  
Current Ratio ◽  
Industry Sector ◽  
Basic Industry ◽  
Net Profit ◽  
Equity Ratio ◽  
Index Value

This study examined the effect of current ratio and debt to asset ratio on net profit margin and stock prices of the sector basic industry and chemicals companies listed on the Indonesia Stock Exchange in the period 2015-2019. The object of research was the stock prices of companies in the Basic Industry and Chemicals sector, which have been published through the official website of the Indonesian capital market. It was used secondary data derived from the monthly statistics, including Current Ratio data, Net Profit Margin, Debt to Asset Ratio, and data on closing prices for the period 2015-2019. In analyzing data, it was used path analysis of secondary data obtained from the basic industry sector financial statements of 60 companies. The company's performance in this sector is considered quite good when seen from the movement of the index value in the last five years. The results show that direct current ratio had a positive and significant effect on the net profit margin, and the debt to equity ratio did not significantly influence the net profit margin. The current ratio has a positive and significant effect on stock prices, and the debt to equity ratio has a negative and not significant effect on stock prices. In contrast, the net profit margin has a significant effect on stock prices in the basic industry sector companies on the Indonesia Stock Exchange. Indirectly the current ratio has a positive and significant effect on stock prices. In contrast, the debt to asset ratio has a negative and not significant effect on the company's stock prices in the basic industry sector on the Indonesia Stock Exchange.

An Empirical Investigation of Factors Affecting Stock Prices in Vietnam

2014 ◽  
pp. 74-89 ◽  
Author(s):  
Vinh Vo Xuan
Keyword(s):  
Exchange Rates ◽  
Crude Oil ◽  
Foreign Exchange ◽  
Stock Prices ◽  
Global Financial Crisis ◽  
Oil Prices ◽  
Foreign Exchange Rates ◽  
Factors Affecting ◽  
Crude Oil Prices ◽  
Before And After

This paper investigates factors affecting Vietnam’s stock prices including US stock prices, foreign exchange rates, gold prices and crude oil prices. Using the daily data from 2005 to 2012, the results indicate that Vietnam’s stock prices are influenced by crude oil prices. In addition, Vietnam’s stock prices are also affected significantly by US stock prices, and foreign exchange rates over the period before the 2008 Global Financial Crisis. There is evidence that Vietnam’s stock prices are highly correlated with US stock prices, foreign exchange rates and gold prices for the same period. Furthermore, Vietnam’s stock prices were cointegrated with US stock prices both before and after the crisis, and with foreign exchange rates, gold prices and crude oil prices only during and after the crisis.

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