Market Share Price Research Articles

Impact of Corporate Governance on Market Price of Share and Stock Return in Nepalese Commercial Banks

This study examines the effect of corporate governance attributes on market price of share and stock return in Nepalese commercial banks. The dependent variables are market price of share and stock return. Similarly, the independent variables are company size, board size, board diversity, audit committee, non-performing loans, profitability and leverage. The study is based on secondary data of 15 commercial banks with 105 observations for the period from 2015/16 to 2021/22. The data were collected from Banking and Financial Statistics published by Nepal Rastra Bank, publications and websites of Nepal Rastra Bank (NRB) and annual reports of the selected commercial banks. The correlation coefficients and regression models are estimated to test the significance and importance of corporate governance on the market price of share and stock return of Nepalese commercial banks. The study showed that audit committee size has a positive effect on stock return. It means that increase in audit committee size leads to increase in stock return. However, leverage ratio has a negative effect on stock return. It means that increase in leverage ratio leads to decrease in stock return. Similarly, profitability has a positive effect on market price of share and stock return. It means increase in bank profit leads to increase in market price of share and stock return. Similarly, board diversity has a positive effect on market price of share and stock return. It implies that increase in female board directors leads to increase in market price of share and stock return. However, nonperforming loans has a negative effect on market price of share. It implies that increase in nonperforming loans leads to decrease in market price of share. Similarly, board size has a positive effect on market price of share and stock return. It means increase in board size leads to increase in market price of share and stock return.

Impact of Fundamental Factors on Share Price of Non-life Insurance Companies in Nepal

The aim of this research is to ascertain the direction in which fundamental factors impact Nepali non-life insurance businesses' stock values. This paper examines all twelve Nepal Stock Exchange (NEPSE)-listed non-life insurance companies using a quantitative, analytical, and descriptive research methodology. Nepal Rastra Bank, the Ministry of Finance and the insurance firms' websites served as secondary sources of information. The results has indicated that two significant elements affecting stock prices are the Price-to-Earnings (P/E) Ratio and Earnings Per Share (EPS). The Market Price of Shares (MPS) and EPS have the most positive association (r = 0.606, p < 0.01), whereas the P/E Ratio and EPS have the least positive correlation (r = 0.400, p = 0.003). Dividend per share (DPS) and MPS do not have a statistically significant link (B = 0.738, p = 0.854), whereas book value per share (BVS) and MPS have a marginally significant but positive correlation (B = 1.874, p = 0.061). The stock prices of the organizations in Nepal are significantly influenced by the EPS and P/E ratios. These findings suggest that higher P/E and EPS ratios are associated with better returns for investors. While DPS has minimal effect on stock prices, governments should make accurate and transparent financial reporting a priority to help investors. This paper analyzes the financial variables influencing the pricing of Nepalese non-life insurance stocks and offers advice on investment strategy and policy development. Int. J. Soc. Sc. Manage. Vol. 11, Issue-3: 76-82.

Influence of Corporate Social Responsibility on Financial Performance of Listed Private Commercial Banks in Bangladesh: An Econometric Analysis

Key objective of this study was to measure the role of CSR on corporate financial performance in Bangladesh. It has measured the performance of all (30 in 2015) listed private commercial banks (PCBs) of Bangladesh. Those organizations were studied for a ten-year period ranging 2011-2020. The statistical techniques of analyzing panel data especially OLS, random effect, fixed effect, GMM and dynamic GMM methods have been used. The econometric model has been developed where CSR expenditure is a dependent variable and financial performance indicators of the firm (e.g. ROA, ROE, TobinQ, EPS and market price of share) are considered as independent variables. Data analyses show that CSR has a positive effect on the corporate financial performance in Bangladesh.

Investment Decision and Market Value of Nigerian Listed Deposit Money Banks

This study considered the influence of investment decision on the market value of Nigerian listed deposit money banks (DMBs). Ex-post facto research design was employed. Secondary sources were used to gather information on market value and investment decisions. These sources included the annual reports of the banks that were sampled from 2010 to 2021. Out of the total population of 14 listed banks as of December 31, 2021, twelve (12) listed DMBs were chosen using the purposive sample technique. For data analysis, panel regression, correlation, and descriptive were tools employed. The outcome stated that return on capital employed recorded positive and significant influence on the Tobin Q and the market share price of listed Nigerian DMBs. The implication of the results is that banks that are able to generate better return on the capital employed in their operation have higher tendency to attract higher valuation in the market. It was concluded that investment decision served as determinant factors that influence the market valuation of Nigerian Deposit Money Banks. The study recommends that strategies to increase investment portfolio should be a priority; and also continue efforts should be made to improve return on capital employed that can enhance market valuation.

Analyzing the Influence of Dividends on Share Prices in the Iraqi Stock Market from (2010 - 2020)

This study examines the relationship between dividend policies and stock prices among companies listed on the Iraq Stock Exchange from 2010 to 2020. This study utilizes a descriptive analytical approach, drawing on data from annual financial statements and disclosures published by the Iraq Stock Exchange. This study employs a simple linear regression model to analyze the impact of dividends per share and retained earnings per share on the market share price. The findings indicate a negative, statistically insignificant relationship between cash dividends and share prices, whereas retained earnings show a direct positive and significant correlation with stock valuations. Prior research in the Iraqi context has identified cash liquidity as the main determinant of dividend payout decisions, with shareholders favoring regular distributions, regardless of ownership. Studies also find a positive link between profit retention, investment opportunities, and dividends. However, broader challenges facing emerging stock exchanges, such as underperformance, speculation, and a lack of investor knowledge, can negatively impact market performance. This study provides a comprehensive, long-term analysis of dividend payout-stock price dynamics in the Iraqi market, offering valuable insights into how this relationship manifests in an emerging economy setting. The results contribute to the theoretical understanding of the factors driving stock valuation, and have practical implications for investment strategies and corporate dividend policies in Iraq and similar markets. Key recommendations include advertising campaigns to encourage savings, providing investment advisory services, and improving financial disclosure to build investor confidence.

Does Company Size Moderate the Effect of Intangible Assets on Its Value? (A Case Study of Chemical Companies Listed on the IDX)

The main goal of a company is to maximize profits for its shareholders, which is realized in the form of efforts to increase the market value of the company's share price in question. In scientific and technical progress conditions, the ownership of intangible assets can significantly increase the company's capitalization and the market value of its shares. This research aims to analyze the influence of intangible assets on company value moderated by company size with the control variables of leverage and profitability. The sample of this study is 108 chemical sub-sector companies listed in the Indonesia Stock Exchange (IDX) from 2013 to 2022. The study employed quantitative data obtained from secondary sources, including companies' yearly financial statements, the Indonesian Capital Market Directory (ICMD), and the official website of IDX (www.idx.co.id). The model and analysis technique uses Moderation Regression Analysis (MRA) with linear regression-process (Andrew Hayes) and IBM SPSS. The research found that intangible assets and size partially had a positive and significant effect on company value, as did leverage and profitability as control factors. However, on the other hand, size moderation weakens the relationship between intangible assets and company value. This situation shows that not all chemical subsector companies on the IDX align with the book value of shares and the share market price. Apart from that, the proportion of assets to liabilities must also be increased to build investor and public perceptions regarding the reliability of chemical companies' intangible assets in the future. It is hoped that company size will increasingly become a factor that strengthens the creation of company value in the future. Thus, companies with greater total assets, particularly intangible assets, will provide confidence in the company's financial capabilities to investors and other parties, especially those who provide sources of capital.

The Impact of Dividend Policy on Stock Prices: Evidence from Nepalese Banking Sector

The study examined the impact of dividend policy on market price of share in banking sector of Nepal. Out of 27 commercial banks, 10 banks have been selected under convenience sampling with ten years data for the period 2068/69 to 2077/78 were taken for the analysis. Panel data regression models (random effect model) has been utilized to analyze the data as the Hausman test suggest the random effect model is the most appropriate for describing the relationship among the given variables. The result indicates that earning per share, dividend per share, price-earnings ratio and retained earnings have a positive relationship on stock prices of commercial banks. The study concluded that dividend payments lead to a rise in the market price of a stock. Hence, it can be inferred from the outcome of the random effect regression model that it is consistent with the applicable methods related to dividend policy, indicating that there is a noteworthy impact of dividend policy on the stock price of companies. The findings of this study will contribute to the existing literature on dividend policy and market price of share, especially in the context of Nepal. The study will also provide important implications for investors, policymakers, and companies in making decisions regarding dividend rules and its impact on the stock prices.

The Effect of Planning for Profitability and Liquidity on the Market Share Prices of Commercial Banks Listed on the Iraq Stock Exchange for the Period (2018-2013)

The Effect of Planning for Profitability and Liquidity on the Market Share Prices of Commercial Banks Listed on the Iraq Stock Exchange for the Period (2018-2013)

THE EFFECT OF CARBON MARKET POLICY UNCERTAINTY ON THE SHARE PRICES OF COVERED FIRMS: EVIDENCE FROM CHINA

With the development of the carbon market, extensive attention has been paid to the relationship between the carbon market and the stock market. In this paper, we employ the event study method and fixed-effects model to investigate the effect of carbon market policy adjustments (CMPAs) on the share prices of covered firms. The main findings are as follows: First, CMPA can trigger abnormal fluctuations in the share prices of covered firms, which is reinforced by a series of sensitivity tests. Second, heterogeneity checks suggest that this kind of positive effect is more significant for non-state-owned firms, firms on China’s Main Board (MB) and firms in active carbon pilots. Besides, there are two potential influence channels between carbon market policy and share price of covered firms, including affecting carbon prices (CPs) and releasing important signals. Our findings indicate that there is a joint effect between the carbon market and the stock market. Therefore, policymakers should fully consider the impact of CMPAs on covered firms’ share prices when formulating new carbon market policies.

Liquidity and Firm Value

Between 2015 and 2021, the research project examined the effect of liquidity on firm value across a few Nigerian consumer goods industries. business value served as the independent variable with dimensions of liquidity ratio, acid test ratio, and stock multiplier ratio, whilst business value served as the explanatory variable and was proxied by market share price. The goal was to determine if the explanatory and dependent variables have a meaningful connection. The study's methodology was ex-post-facto research design. Twenty-six consumer products businesses listed on the Nigerian Exchange Group make up the population, and five of those companies were chosen as the study's sample. The investigation used a secondary source to gather data. The audited financial statements of the chosen companies between 2015 and 2021 were used to collect data for both the dependent and independent variables. The statistical method for multiple regression was used to examine the given data. The results of the investigation's studies have unmistakably demonstrated that in Nigerian consumer goods businesses, there is a weak link between stock multiplier ratio and market share price and a strong relationship between firm liquidity ratio, acid test ratio, and market share price. Therefore, the study draws the following conclusions: consumer goods companies should maintain a reasonable level of liquidity in order to encourage demand and supply in the stock market; the acid level of the companies should be frequently checked by stakeholders to detect any potential problems; and stock multiplier ratio has immaterial influence on firm market share price in the studied organizations in the country. Because doing so helps investors understand the company's worth. In other words, the P/E ratio depicts market expectations as well as the price that must be paid per unit of either current or future profits, depending on the situation.

Effects of Information Relevance of Market Share Price of Quoted Companies in Nigerian Exchange Group: Basic Materials Sector

The purpose of this study is to analyze the impact of financial data on the stock prices of listed firms in the basic materials sector of the NGX. The particular goals are to analyze the market share price of basic material companies listed on the floor of the Nigeria Stock Exchange from 2010 to 2017 in relation to EPS, dividends per share, and return on assets. Secondary information was gathered from the NGX's audited financial statement disclosures. E-view statistical software was used to do regression analysis for inferential statistics on the hypotheses. The results of this analysis indicate that at the 5% level of statistical significance, Return on Assets has a positive and statistically significant influence on the market share price. Market share price is correlated with earnings per share and dividends per share to a lesser extent, although not directly. Overall, there was a positive correlation between the dependent and independent variables due to the significant impact of Return on Asset on Market Share Price. Therefore, it is advised that basic material enterprises in Nigeria enhance the quality of their financial reporting and increase the transparency of their accounting practices because of the substantial impact that accounting information has on market price.

Determinants on Share Market Price of Mining Companies (Case Study in Indonesia)

The mining industry including coal production has a significant contribution to state income. Therefore, the financial performance must be maintained as well as the market value. The aim of this research is to explore the determinants of share market price of mining sector in Indonesia. Several independent variables are used like corporate social responsibility, good corporate governance, financial performance, and macroeconomic variables. This study uses 22 coal mining companies in 2018 - 2021 by using purposive sampling. The research method used linear multiplier regression by conducting various tests, including descriptive statistics, determination, regression equation, and hypothesis tests. This study finds the Inflation, Exchange Rate, Profitability, and Firm’s Size have a significant effect on Share Market Price. Whereas, Corporate Social Responsibility, Good Corporate Governance, and Liquidity have not an influence on Share Market Price. The research’s usefulness is terribly important for several sides include managers, companies, and policymakers interested in addressing mining companies, improving financial performance and mitigation strategies. The study highlighted that Share Market Price is not only related to internal factors but also external factors, hence it might be obtained of competitive advantage. This study has limitedness, including internal and external factors and research period. It is recommended to enhance it to obtain better results.

Influence of Dividend Policy on Shareholder’s Wealth among Nigerian Deposit Money Banks

The study examines the influence of dividend policy on the shareholders’ wealth among listed deposit money banks in Nigeria from 2011-2020. The specific objectives are to; examine how dividend per share influences the market share price of list ed banks in Nigeria and investigate the impact of dividend payout on the market price of listed banks in Nigeria. Secondary data was extracted from annual reports of samples 9 banks from 2011 to 2020. Descriptive statistics, Correlation analysis and fixed effect panel regression methods to analysed the data. The overall results indicated that dividend policy maintained a favourable influence on market share price and earnings per share (F-stat. 12.782; corresponding P-value = 0.001). The results further indicated that dividend per share and market share exerts a positive and considerable relevance to market share. This study concluded that that dividend per share positively impact on the shareholders wealth through increase in the market share price of the banks suggesting that investors use information on the dividend per share in making their investment decision which is reflected in the price offered for a firm share. This study recommended among others that the dividend per share and dividend payout should be given higher attention in the banks dividend policy as it has the capacity to create more value for the banks.

Downside risk and profitability ratios: The case of the New York Stock Exchange

This article analyses the relationship between the volatility and sensitivity measures determined based on accounting profitability ratios and those calculated based on rates of return of public corporations from DJIA. The study employed downside and symmetric risk measures. The average accounting profitability and mean rate of returns on NYSE have also been compared. An additional goal was to present a classification of selected risk measures divided into accounting and market ones. This study examined the profitability and risk of the largest companies listed on the NYSE. The risk measurement was performed with the measures based on information from financial statements as well as measures whose calculation was based on the market share prices. The total risk was considered in the context of variance (standard deviation) and semi-variance (semi-deviation). The downside systematic risk was measured with the modified Bawa-Lindenberg and Harlow-Rao formulas. These formulas were also implemented to determine the downside accounting betas. The empirical studies helped to identify a positive correlation between the mean quarterly profitability ratios (ROA and ROE) and the mean quarterly return rates in the largest NYSE companies. The correlations between the market and accounting betas calculated using the Bawa-Lindenberg modified formula were positive and statistically significant. A positive and statistically positive correlation between the market and accounting measures was also found for the total downside risk. Moreover, it has been shown that for both total and systematic market risk measures their accounting equivalents can be used. The accounting risk measures may be a valuable supplement to market measures. Of particular importance in this context are the downside accounting beta coefficients. The downside accounting betas are a new group of risk measures, and research into their use in risk analysis and in asset pricing is in its early stages.

A STUDY ON PERFORMANCE OF STOCKS OF BLUE CHIP COMPANIES IN INDIA

The main aims of this paper are to explain the discriminatory variables between the top 10 blue chip companies stocks in stock markets of the India. . Since there is relatively less empirical research on the stock selection in markets, with even less studies on the markets in the transition economies of India, this paper is designed to shed some light on the identification of blue chip stocks from Indian stock market. Results presented in this paper provide confirmatory evidence that the blue chip stocks from the selected stock markets of the Indian stock market can be identified by examining their dividend payout , Market price of share , EPS and relevant ratios were analyzed and research tools like Mean etc. The variables were tested with the help of hypothesis testing on the basis of ANNOVA to determine the performance of the selected stocks.

KEGIATAN YANG DILARANG MENURUT UNDANG UNDANG NOMOR 5 TAHUN 1999

The purpose of this writing is to find out the activities that are prohibited in Law Number 5 of 1999. And it can be useful for readers or business people about activities that are prohibited in Law Number 5 of 1999 such as; monopolistic activities, monopsony activities, market share control, price management and collusion. Basically activities that are monopolistic or result in unfair business competition are prohibited in Law Number 5 of 1999. Because these activities can result in profits for one party and harm for one of the other parties.

Insurer Market Power And Hospital Prices In The US.

The extent to which concentration in the health insurance market affects negotiated prices paid to hospitals is of high interest to policy makers. We examined the association between insurer market share and hospital prices, using a new source of data obtained through the federal Hospital Price Transparency initiative. We found that the market-leading insurer in the least competitive (most concentrated) insurance markets pays 15percent less to hospitals than the market-leading insurer in the most competitive (least concentrated) markets. We also found the price relationship to be more pronounced for for-profit hospitals than for not-for-profit hospitals. Our results invite the question of whether dominant insurers are passing savings on to employers in the form of lower premiums.

Stock Price Forecast based on ARIMA Model-Taking Yowant Technology and New Oriental Online as Examples

With the growth in the personal standard of living, public play is also undergoing tremendous changes. Increasingly people begin to take note of and participate in share market investment. Shares have high returns, but also high risks. Many factors limit the share market and unpredictable prices. The share price forecast is of great significance. So, since the birth of the share market, stock price prediction has been a hard nut for shareholders and researchers to probe. This paper selects the closing prices of Shenzhen A-share Yowant Technology and Hong Kong stock New Oriental Online as the time series empirical analysis data forecasts the change price trend of these two stocks in the next 30 days by establishing the ARIMA model, and analyzes which stock will rise more. The empirical results show that the imitative effect of the model is well, and the conclusion is that Hong Kong shares of New Oriental Online will increase significantly in the future, which can supply utility assistance for enterprises and investors enterprises to make corresponding decisions.

ACCOUNTING VARIABLES AND SHARE PRICE: AN EMPIRICAL STUDY ON QUOTED DEPOSIT MONEY BANKS IN NIGERIA

Share price shows the strength of a business enterprise in the stock market and reflects investors’ perception to earn income in the future. Accounting variables have an impact on share price, however studies on accounting variables and share price have produced conflicting findings, necessitating additional empirical research. This study examined the relationship between accounting variables and share price of Deposit Money Banks (DMBs) quoted in Nigeria. Ex-post facto research design was employed in the study. The population of the study consisted of twenty-two (22) DMBs quoted on the Nigerian Exchange Group (NGX) as at December, 2019. Ten listed DMBs were selected using judgmental sampling technique. Data were collected from audited financial reports of the selected quoted DMBs for 10 years from 2010 to 2019. The study used descriptive and inferential statistics to analyse data. The results indicated that accounting variables without moderating effect of age and firm size impact market share price (MSP) with Adjusted R2 of 0.698, F -Statistic of 46.661 and p-value of 0.000. It was also revealed that with moderating effect of age and firm size, accounting variables significantly affect market share price with Adjusted R2 of 0.699, F-statistic of 33.896 and p-value of 0.000. The study concluded that accounting variables have significant impact on MSP of DMBs. The study recommended that Directors of DMBs in Nigeria should ensure prompt payment of dividends to shareholders and investors should use dividend per share (DPS) to predict MSP of DMBs quoted on the NGX.

International Financial Reporting Standard Adoption and Value Relevance of Accounting Information of Listed Deposit Money Banks in Nigeria

The study examined the effect of International Financial Reporting Standard (IFRS) adoption on value relevance of accounting information of listed deposit money banks (DBMs) in Nigeria for the period from 2007 to 2020. The pre IFRS adoption period spanned from 2007 to 2011 while post adoption period spanned from 2012 to 2020. The study adopted an ex-post facto research design because the study is purely secondary in nature. The population for the study consisted of all the 15 deposit money banks listed on the Nigerian Exchange Limited as at 31 st December 2020, with a sample size of 12 banks. The Ohlson model was adopted for the study. Using ordinary least square regression, the study found out that post IFRS adoption model has more explanatory power than the pre IFRS adoption period. Also, earning per share moderated by IFRS has a positive and significant effect on market price per share and book value per share moderated by IFRS has negative and significant effect on market price. The study concluded that earning per share is more value relevant with IFRS adoption of the listed deposit money banks in Nigeria while the value relevance of book value decreases with IFRS adoption of listed deposit money banks in Nigeria. The study recommended among others that prospective investors, shareholders, owners, and users of accounting data should place a greater emphasis on earnings per share, which has the strongest positive link with the market share price of listed DMBs in Nigeria