scholarly journals The Relationship between Firm Sizes and Stock Returns of Service Sector in Ho Chi Minh City Stock Exchange

2016 ◽  
Vol 8 (4) ◽  
pp. 210 ◽  
Author(s):  
Nguyen Thanh Duy ◽  
Nguyen Pham Huu Phuoc
Keyword(s):  
Regression Model ◽  
Stock Returns ◽  
Financial Market ◽  
Firm Size ◽  
Service Sector ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Multiple Regression Model ◽  
Ho Chi Minh City ◽  
The Relationship

<p>The paper aims at investigating the existence of size effect in Vietnamese financial market. Particularly, the relationship between firm size and stock turns would be explored. Having 160 observations of the companies in service sector from 2009 to 2014, the multiple regression model was employed to test that effect. As a result, a significantly negative relationship between firm size and stock returns was studied. Besides, some implications and limitations were also discussed.</p>

The relationship between intellectual capital and financial statements readability: the role of management characteristics

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mahdi Salehi ◽  
Hassan Mohammadzadeh Moghadam ◽  
Zohreh Hajiha
Keyword(s):  
Regression Model ◽  
Intellectual Capital ◽  
Fixed Effects ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Financial Statements ◽  
Multiple Regression Model ◽  
Content Type ◽  
The Relationship

Purpose The present study aims to investigate the relationship between intellectual capital and the readability of financial statements with the mediating role of management characteristics of companies listed on the Tehran Stock Exchange. In other words, this research tries to find the answer to whether intellectual capital can positively affect the readability of financial statements. Design/methodology/approach A multivariate regression model was used to test the hypotheses for this purpose. The research hypotheses were tested using a sample of 1,309 observations listed on the Tehran Stock Exchange from 2012 to 2018 and a multiple regression model based on panel data and fixed-effects models. Findings The results indicate that intellectual capital has a positive and significant relationship with the readability of financial statements, which means that with increasing intellectual capital in companies, financial statements’ readability also increases. Based on the hypothesis test results, it has been determined that narcissism, accrual and real earnings management have a negative effect on the relationship between intellectual capital and the readability of financial statements. Originality/value Since the present study examines such an issue in emerging markets, it provides users, analysts and legal entities with useful information about management’s inherent and acquired characteristics that significantly impact the purchase of audit opinion. This study’s results also contribute to developing science and knowledge in this field and close the literature gap.

The relationship between audit components and audit expectation gap in listed companies on the Tehran stock exchange

2019 ◽  
Vol 18 (1) ◽  
pp. 199-222 ◽  
Author(s):  
Mahdi Salehi ◽  
Fariba Jahanbin ◽  
Mohammad Sadegh Adibian
Keyword(s):  
Regression Model ◽  
Multiple Regression ◽  
Stock Exchange ◽  
Audit Fees ◽  
Listed Companies ◽  
Multiple Regression Model ◽  
Content Type ◽  
Expectation Gap ◽  
Audit Firms ◽  
The Relationship

Purpose The expectation gap between auditors and users has recently been the topic of many controversies. This paper aims to evaluate the relationship between auditor’s characteristics and audit expectation gap among information users in listed companies on the Tehran stock exchange market. In other words, the study attempts to find whether there is a significant relationship between audit components and the audit expectation gap or not. Design/methodology/approach The multiple regression model is used to test the hypotheses. Research hypotheses are tested using a sample of 78 listed companies on the Tehran stock exchange during 2012-2016, by using integrated data technique of the multiple regression model. Findings The findings show that standard audit fees are not significantly associated with the audit expectation gap. Furthermore, audit fees are negatively associated with the audit expectation gap, which provides that allocated audit price in financial statements gives useful information for external and internal individuals. Predictably, it is recommended that audit opinion significantly determines the level of the audit expectation gap. The authors also find that the independence of the director boards and audit committee members fulfill the expectation gap of individual users. Moreover, finding the negative impact of audit firms ranking on the expectation gap, supports the idea of higher ranked audit firms provide high quality services, and consequently, more reliable information. Finally, the results show that the audit record is positively associated with the audit expectation gap. Originality/value As all recent studies on the expectation gap were qualitative, the present study is the first paper, which measures the expectation gap quantitatively through the statistical method.

scholarly journals Adaptive Market Hypothesis: Evidence from the Vietnamese Stock Market

2019 ◽  
Vol 12 (2) ◽  
pp. 81 ◽  
Author(s):  
Dzung Phan Tran Trung ◽  
Hung Pham Quang
Keyword(s):  
Stock Market ◽  
Stock Returns ◽  
Stock Exchange ◽  
Ho Chi Minh City ◽  
Stock Exchanges ◽  
Ratio Test ◽  
Time Varying ◽  
Variance Ratio ◽  
Variance Ratio Test ◽  
The Relationship

This paper aims to test the adaptive market hypothesis in the two main Vietnamese stock exchanges, namely Ho Chi Minh City Stock Exchange (HSX) and Hanoi Stock Exchange (HNX), by measuring the relationship between current stock returns and historical stock returns. In particular, the tests employed are the automatic variance ratio test (“AVR”), the automatic portmanteau test (“AP”), the generalized spectral test (“GS”), and the time-varying autoregressive (TV-AR) approach. The empirical results validate the adaptive market hypothesis in the Vietnamese stock market. Furthermore, the results suggest that the evolution of HSX has served as an important factor of the adaptive market hypothesis.

scholarly journals Pengaruh Profitabilitas, Ukuran Perusahaan, Dan Jenis Kap Terhadap Pengungkapan Aset Biologis

2020 ◽  
Vol 2 (1) ◽  
pp. 2362-2372
Author(s):  
Usi Gustria ◽  
Nurzi Sebrina
Keyword(s):  
Regression Model ◽  
Firm Size ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Multiple Regression Model ◽  
Research Use ◽  
Public Accounting ◽  
Accounting Firms ◽  
Accounting Firm ◽  
Firm Effect

This study aims to see the effect of profitability, firm size, and type of public accounting firms to biological asset disclosure. The population in this study are all agricultural companies listed on the Indonesia Stock Exchange (IDX) that is as many as 32 companies. The sample in this research use sampling technique purposive sampling counted 13 company in 2016-2018. The analysis was done by using multiple regression model. The results of this study indicate that: (1) The Profitability has no effect on the disclosure of biological asset. (2) Firm size has no effect on biological asset disclosure. (3) type of public accounting firm effect on biological asset disclosure

scholarly journals The Effect of Firm Specific Variables on Stock Returns of Nepalese Banks

2020 ◽  
Vol 9 (1) ◽  
pp. 1-12
Author(s):  
Jeetendra Dangol ◽  
Bidhan Acharya
Keyword(s):  
Panel Data ◽  
Stock Returns ◽  
Cash Flow ◽  
Firm Size ◽  
Total Yield ◽  
Negative Relationship ◽  
Cross Sectional ◽  
Relationship Of ◽  
The Relationship

This study focuses to examine the firm specific fundamental variables impact on the stock returns in the context of Nepali banks. The study uses cross sectional panel data of 12 banks for the duration of ten years. The study finds the existence a negative relationship between stock returns (total yield) and firm size. Likewise, the study shows that the book to market equity has negative relationship with stock returns. However, the study reveals that the relationship of earnings yield and cash flow yield with the stock returns is contradicted in comparison to previous studies.

scholarly journals Research on Consumer Behavior of Wine in HoChiMinh City

2020 ◽  
Author(s):  
Ha Nam Khanh Giao ◽  
Pham Ngoc Duong ◽  
Tran Ngoc Tu
Keyword(s):  
Consumer Behavior ◽  
Discriminant Analysis ◽  
Regression Model ◽  
Multiple Regression ◽  
Multiple Regression Model ◽  
Ho Chi Minh City ◽  
Analysis Method ◽  
Factors Affecting ◽  
Discriminant Analysis Method ◽  
The Relationship

This study was conducted to find out the factors affecting the consumers’ choice of wine in HoChiMinh City, Vietnam. The multiple regression model was not statistically significant for finding the relationship between the factors and the Money spent on wine, so discriminant analysis method was used to evaluate the contribution of factors to the differentiation between consumers’ group presented by average bottle consumed per month. The Symbolic benefit factor turned out to be the strongest, followed by Enjoyment benefit factor and Utilitarian &amp; Experiental benefit factor. The findings were used to provide suggestions for wine marketers in Ho Chi Minh City market.

scholarly journals Relationship Between Capital Structure and Stock Returns of Jordanian Commercial Banks

2020 ◽  
Vol 13 (2) ◽  
pp. 100
Author(s):  
Sufian Radwan Al-Manaseer
Keyword(s):  
Capital Structure ◽  
Stock Returns ◽  
Firm Size ◽  
Commercial Banks ◽  
Negative Impact ◽  
Positive Impact ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
The Impact ◽  
The Relationship

This study aims to analyze the relationship between capital structure and stock returns of Jordanian banks listed on the Amman Stock Exchange from 2009 to 2018. The study sample is composed of 13 commercial banks in Jordan. The e-views program is used to conduct the statistical analysis of study variables. Initially, a simple linear regression analysis is conducted to determine the impact of capital structure as measured by financial leverage on stock returns and vice versa. Then, several control variables are added: growth in assets, liquidity, firm size, and profitability. This study has found that growth, capital structure, and profitability have a positive impact on stock returns. By contrast, liquidity and firm size have a negative impact on stock returns. Stock returns and firm size have a positive impact on capital structure, whereas liquidity, growth, and profitability have a negative impact on capital structure.

scholarly journals PROFITABILITAS DAN RETURN SAHAM: PERAN MODERASI ARUS KAS OPERASI DAN UKURAN PERUSAHAAN

2013 ◽  
Vol 9 (1) ◽  
pp. 17
Author(s):  
Murni Prasetyaningrum
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Firm Size ◽  
Sampling Method ◽  
Stock Exchange ◽  
Purposive Sampling ◽  
Operating Cash Flow ◽  
The Relationship ◽  
Positive Effect

This study aims to determine the effect of profitability on stock returns with operating cash flow and firm size as a moderating variable of companies listed on the Indonesia Stock Exchange in 2006-2008. The population in this study is all companies listed on the Indonesia Stock Exchange. Sample is taken by using purposive sampling method. The hypothesis is tested using regression with variable moderation. Results of this study show that profitability has a positive effect on stock returns, operating cash flow does not significantly moderate the relationship between profitability and stock returns, firm size does not moderate the relationship between profitability and stock returns. Keywords: profitability, stock returns, operating cash flow, size

The effect of earnings management on the reputation of family and non-family firms

2019 ◽  
Vol 10 (2) ◽  
pp. 128-143 ◽  
Author(s):  
Mahdi Salehi ◽  
Mahsa Hoshmand ◽  
Hossein Rezaei Ranjbar
Keyword(s):  
Earnings Management ◽  
Regression Model ◽  
Family Firms ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Financial Statements ◽  
Multiple Regression Model ◽  
Content Type ◽  
Discretionary Accrual ◽  
Number Of Firms

Purpose The purpose of this paper is to examine the effect of earnings management (EM) on the reputation of family and non-family firms in companies listed on the Tehran Stock Exchange. Design/methodology/approach Data of variables under study are gathered from audited financial statements disclosed through official websites of firms Tehran Stock Exchange market using the multiple regression model for 156 firms during a five-year period (2012–2016). Two hypotheses are developed for achieving the objectives of the study. To analyze the data, a panel data model through Stata Software is applied. F-Limer and Hausman test are employed to modify the appropriate fitting regression model. Also, basic hypotheses of each model are implemented using the White and Hadri tests. Findings The obtained results suggest a negative and significant relationship between discretionary accrual (DA) management and the reputation of family firms. Furthermore, it is found that there is a significant and negative relationship between real accrual management and the reputation of family firms, and subsequently, there is a significant and negative relationship between DA management and non-family firms, and there is a significant and negative relationship between real EM and the reputation of non-family firms. Originality/value In this study, due to focus on the effect of reputation and special methods of authorities on family and non-family firms and EM, a number of firms which contribute to the literature of the field are proposed.

scholarly journals Profitabilitas dan Return Saham: Peran Moderasi Arus Kas Operasi dan Ukuran Perusahaan

2016 ◽  
Vol 17 (1) ◽  
pp. 111
Author(s):  
Murni Prasetyaningrum
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Firm Size ◽  
Sampling Method ◽  
Stock Exchange ◽  
Purposive Sampling ◽  
Operating Cash Flow ◽  
The Relationship

<em>This study aims to determine the effect of profitability on stock returns with operating cash flow and firm sizeas a moderating variable of companies listed on the Indonesia Stock Exchangein 2006-2008. The population in this study is all companies listed on the Indonesia Stock Exchange. Sample is taken by using purposive sampling method. The hypothesisis tested using regression with variable moderation. Results of this study show that profitability has a positive effecton stock returns, operating cash flow does not significantly moderate the relationship between profitability and stock returns, firm size does not moderate the relationship between profitability and stock returns.</em>

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