A Regressional Impact of Earning per Share on Market Value of Share: A Case Study Cement Industry of Pakistan

Jatoi, Muhammad Zulqarnain; Shabir, Ghulam; Hamad, Naqvi; Iqbal, Nadeem; Muhammad, Khan

doi:10.6007/ijarafms/v4-i4/1323

Cited by 11 publications

(21 citation statements)

References 7 publications

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“…The results can be explained as that an increase in earnings per share will invariably bring about a significant increase in the market prices of equity shares. Importantly this outcome is consistent with the findings provided in AL-Omar and AL-Mutairi (2008), Somoye et al (2009), Uddin (2009, Malhotra and Tandon, (2013), Jatoi, Shabir, Hamad, Iqbal, and Muhammad (2014) where it has been observed that earning per share is a major determinant of stock prices.…”

Section: Regression Resultssupporting

confidence: 80%

Determinants of Share Price of Nepalese Commercial Banks

Bhattarai

2016

Econ J Dev Issues

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Section: Regression Resultssupporting

confidence: 80%

Determinants of Share Price of Nepalese Commercial Banks

Bhattarai

2016

Econ J Dev Issues

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“…This study recognizes the prominent performance measures ROA, ROE, PM, and EPS that are commonly used by many studies (e.g. Jatoi et al, 2014;Maryyam, 2016).…”

Section: Data Collectionmentioning

confidence: 95%

“…In the UAE, there are two governmental stock exchanges (the Abu The previous studies applied many internal and external variables that have an impact on predicting stock prices and returns. Irungu (2013) and Jatoi et al (2014) tested the impact of 10 internal variables on stock prices. This study collects data on all the common 10 internal variables and refines them to limit the study only to the impact of performance measures on predicting stock prices.…”

Section: Data Collectionmentioning

confidence: 99%

See 1 more Smart Citation

Impact of corporate performance on stock price predictions in the UAE markets: Neuro‐fuzzy model

Mohamed

Ahmed

Mehdi

et al. 2021

Intell Sys Acc Fin Mgmt

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Predicting stock price remains one of the challenges for investors' investment strategies. This study helps with accurate prediction and the main factors affecting variations in stock prices. It applies an adaptive neuro-fuzzy model on 58 listed firms from both the Abu Dhabi Securities Exchange and the Dubai Financial Market for the period 2014-2018 to estimate the predictive power of corporate performance measures and their significance. After examining four performance predictors-return on asset (ROA), return on equity (ROE), earning per share (EPS), and profit margin (PM)-the study finds that ROE is the most significant predictor and ROA is the least. EPS is the most influential profitability measure and PM the least.

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“…It was suggested that firm EPS should not be relied upon for the prediction of the behaviour of stock prices in Nigeria. Jatoi, Shabir, Hamad, Iqbal, and Muhammad (2014) investigate the effect of Earnings per Share (EPS) on the Market Value of Share (MVS) and their mutual relationship. The targeted population was the Pakistani cement industries that were listed in the Stock Exchange Commission of Pakistan (SECP).…”

Section: Earnings Per Share and Stock Price Behaviormentioning

confidence: 99%

Effects of Financial Market Variables on Stock Prices: A Review of the Literature

Ruhani¹,

Islam²,

Ahmad³

et al. 2018

JMAA

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Stock market plays a pivotal role in firms' expansion and turns economic growth. In the literature, because of the importance of stock markets to the real economy, the smooth and risk-free operation of the stock market has attracted significant attention. The finance literature contains a large number of studies that examine the stock price behaviour with some emphasis on the determinants of the relationship between the equity prices and the financial market activities. The present study reviews the previous works of the effect of financial market variables and stock price. Five selected financial market variables, market capitalization, earnings per share, price earnings multiples, dividend yield, and trading volume are reviewed in this study. In the past literature, there are the opinions of the positive significant relationship between market capitalization and stock price. To find the relationship between dividend yield and stock price, there are two broad schools of thoughts. Both of the relevance and irrelevance theory of Gordon and Modigliani have the strong evidence in the current literature that keeps on the dilemma and provides the scopes for future research. Price-earnings multiples are analyzed in the past literature by using different variables. Based on that, it is evidenced that price-earnings multiples have a negative significant effect on stock price. The reviewed studies state the cointegrating relationship between the stock price and the trading volume as the trading volume is a source of risk.

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A Regressional Impact of Earning per Share on Market Value of Share: A Case Study Cement Industry of Pakistan

Abstract: Abstract

Cited by 11 publications

References 7 publications

Determinants of Share Price of Nepalese Commercial Banks

Determinants of Share Price of Nepalese Commercial Banks

Impact of corporate performance on stock price predictions in the UAE markets: Neuro‐fuzzy model

Effects of Financial Market Variables on Stock Prices: A Review of the Literature

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