Is there any effect of accounting information on stock prices? Evidence from top 20 firms listed in FBM KLCI

dc.contributor.author	Wan, Juen Keong
dc.date.accessioned	2014-07-24T07:47:33Z
dc.date.available	2014-07-24T07:47:33Z
dc.date.issued	2010
dc.description.abstract	The main purpose of this study is to empirically examine the relationship between share price and the net book value, earnings per share and dividends per share, based on the framework of Ohlson model, which is the extension of residual income model. The study also attempts to examine whether the inclusion of the linear information dynamics besides the accounting variables will increase the explanatory power of the model. The findings show that the residual income model, and the Ohlson model in particular, forms a useful framework for exploring empirical relationships between share prices and accounting information. The findings also suggest that the model should be further tested using the composite measures, that is return on equity and dividend per equity, rather than focus on equity, earnings and dividends, as separate measures, to confirm whether using ROE and dividend per equity as the explanatory variables could improve the model.	en_US
dc.identifier.uri	http://hdl.handle.net/123456789/31
dc.language.iso	en	en_US
dc.subject	Business Administration	en_US
dc.subject	FBM KLCI	en_US
dc.title	Is there any effect of accounting information on stock prices? Evidence from top 20 firms listed in FBM KLCI	en_US
dc.type	Thesis	en_US

Now showing 1 - 1 of 1