Determinants of market price of stock: A study on bank leasing and insurance companies of Bangladesh
Determinants of market price of stock: A study on bank leasing and insurance companies of Bangladesh作者机构:Comilla University Dhaka 1205 Bangladesh School of Management Xiamen University Fujian 361005 China
出 版 物:《Journal of Modern Accounting and Auditing》 (现代会计与审计(英文版))
年 卷 期:2009年第5卷第7期
页 面:1-6,20页
学科分类:12[管理学] 02[经济学] 0202[经济学-应用经济学] 1204[管理学-公共管理] 020204[经济学-金融学(含∶保险学)] 120404[管理学-社会保障]
主 题:market price of stock earning per share dividend percentage net asset value per share
摘 要:Financial firms make up a substantial fraction of the domestic equity market. A number of studies subsequently used different conceptual and methodological approaches to model equity return of financial services firms. Movement of the stock price as the consequence of the movement of the micro and macroeconomic factors is strongly supported by the literature review. Dhaka Stock Exchange in Bangladesh is inefficient in weak form. Multiple regression analysis is conducted to find out the relationship microeconomic factors with the stock price. In this study found a significant linear relationship among market return and some microeconomic factors such as net asset value per share, dividend percentage, earning per share of bank leasing and insurance companies. Also found non-linear relationship among the variables is insignificant at 95 percent level of significance.