The Impact of Accounting Variables on Stock Price: Evidence from the Colombo Stock Exchange, Sri Lanka
- Menike M. G. P. D.
- U. S. Prabath
AbstractA number of empirical studies have been undertaken by the different countries to identify the factors that affectstock price. Past literature reveals that movements of stock price depend on internal and external factors. Amongthe internal factors, firm specific factors such as dividend per share (DPS), earnings per share (EPS) and bookvalue per share (BVPS) affect the determining of stock price. The present study examined the impact ofdividend per share, earnings per share and book value per share of stock price on a sample of 100 companieslisted in the Colombo Stock Exchange (CSE) from 2008 to 2012. Using a single and multiple regressions modelthe results reveals that EPS, DPS, BVPS were positive and had a significant impact on the stock price in theCSE.
This work is licensed under a Creative Commons Attribution 4.0 License.
Google-Based Impact Factor (2017): 20.47
- Academic Journals Database
- Electronic Journals Library
- Elektronische Zeitschriftenbibliothek (EZB)
- Excellence in Research for Australia (ERA)
- Genamics JournalSeek
- GETIT@YALE (Yale University Library)
- Google Scholar
- Library and Archives Canada
- National Library of Australia
- Open J-Gate
- PKP Open Archives Harvester
- Standard Periodical Directory
- Universal Digital Library
- ZBW-German National Library of Economics
- Stephen LeeEditorial Assistant