2016
DOI: 10.5296/ifb.v3i1.9323
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Impact of Accounting Information on Share Price: Empirical Evidence from Pakistan Stock Exchange

Abstract: Purpose—The purpose of this paper is to examine the relationship between accounting information and share price. In order to achieve this, a model that includes specific accounting ratios (earning per share, book value per share, capital employed per share and operating cash flow per share) and shares a price is developed. Design/methodology/approach—The data were collected from the companies listed in KSE-30 index. The time frame spans from 2006 to 2013 and OLS regression models were used to examine the relat… Show more

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Cited by 16 publications
(14 citation statements)
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“…Sharif et al (2015) found an effect of the book value of the stock, previous share prices, return on equity, earnings per share, dividends, and company size on stock prices in the Bahrain market. Asif et al (2016) also found that there is an ability for accounting information to predict the price of the stock, as it was found that the earnings per share, book value per share, the capital used per share and the operating cash flow per share have an impact on the market prices of corporate stocks. Musallam (2018) concluded that the earnings per share, earnings yield ratio, and dividend yield ratio have a large and positive relationship with fluctuations in the stock prices in the Qatari market, while the market to book value ratio, price to earnings ratio, dividends earnings ratio has a slight relationship with With fluctuations in stock prices.…”
Section: Theoretical Backgroundmentioning
confidence: 99%
“…Sharif et al (2015) found an effect of the book value of the stock, previous share prices, return on equity, earnings per share, dividends, and company size on stock prices in the Bahrain market. Asif et al (2016) also found that there is an ability for accounting information to predict the price of the stock, as it was found that the earnings per share, book value per share, the capital used per share and the operating cash flow per share have an impact on the market prices of corporate stocks. Musallam (2018) concluded that the earnings per share, earnings yield ratio, and dividend yield ratio have a large and positive relationship with fluctuations in the stock prices in the Qatari market, while the market to book value ratio, price to earnings ratio, dividends earnings ratio has a slight relationship with With fluctuations in stock prices.…”
Section: Theoretical Backgroundmentioning
confidence: 99%
“…Jika tidak ada hubungan yang signifikan secara statistik antara informasi akuntansi dan nilai pasar perusahaan, dapat disimpulkan bahwa informasi akuntansi tidak relevan dengan nilai yang menyiratkan bahwa laporan keuangan tidak memenuhi salah satu tujuan dasar pelaporan keuangan (Pervan & Bartulović, 2016 (Pandansari, 2012). Untuk mengukur BVPS dengan cara membagi totalequity dengan number of share outstanding (Asif, et al, 2016). Apabila perusahaan mengalami likuidasi, maka besarnya jaminan yang diperoleh oleh pemegang saham dapat dicerminkan melalui BVPS (Gitman & Zutter, 2015).…”
Section: Relevansi Nilaiunclassified
“…Hal tersebut dapat menarik minat investor, sehingga semakin besar nilai BVPS maka semakin banyak investor yang tertarik pada saham perusahaan dan akan berpengaruh terhadap harga saham perusahaan. Asif, et al (2016) NOCFPS memiliki pengaruh positif terhadap harga saham pada tingkat signifikansi 10 persen. Arus kas operasi berisikan informasi mengenai kegiatan operasional perusahaan terutama mengenai transaksi-transaksi yang akan menentukan laba perusahaan.…”
Section: Relevansi Nilaiunclassified
See 1 more Smart Citation
“…(Sharma, 2011). Asif, M. et al (2016) examine the relationship between accounting information and share price. They construct a model that includes specific accounting ratios such as book value per share, capital employed per share and operating cash flow per share.…”
Section: Accounting Informationmentioning
confidence: 99%