The impact of accounting disclosures on individual investors’ decision making in Vietnam Stock Market

Dang, Thi Thuy Hang; Kien, Trung; Tran, Van Thuan; Tran, Thi Nam Thanh; Pham, Thanh Tung

doi:10.5267/j.msl.2019.7.016

Cited by 6 publications

(3 citation statements)

References 14 publications

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“…Similarly, Al-Malkawi et al ( 2018) found that book value per share, dividend per share, earnings per share, return on equity, and price-earnings ratio positively affect market share price whereas the size of the company poses a statistically significant impact on the market share price of the 277 companies listed in the Middle East and North Africa regions. Dang and Tran (2018) explained that cash flow from operating activities, earnings per share, firm size, and book value are noticed to have a positive association with the market share price of Vietnam Stock Exchange-listed companies. These four factors have a combined influence of 48.1% on the share price.…”

Section: Literature Reviewmentioning

confidence: 99%

Facteurs fondamentaux affectant le cours de l'action des sociétés de services de traitement électronique des données (EDP)

RAFAQAT,

RAFAQAT

et al. 2023

J.o A.F.

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Objectif - Cet article vise à analyser l'impact des facteurs fondamentaux sur le cours de l'action des sociétés de services informatiques (EDP) de taille moyenne cotées à la bourse NASDAQ au cours de la période allant de 2016 à 2020. Conception/méthodologie/approche - Les auteurs utilisent des outils statistiques tels que les corrélations de Pearson, le test de multicolinéarité, le test d'autocorrélation, l'ANOVA, l'analyse de régression multiple, la normalité, l'hétéroscédasticité. En outre, en utilisant l'analyse des ratios, les ratios financiers/facteurs fondamentaux, y compris la taille de l'entreprise, le rendement des capitaux propres, le taux de rotation des actifs, le ratio actuel, la marge bénéficiaire nette, le ratio d'endettement, le rendement des actifs, le bénéfice par action et la trésorerie d'exploitation rapport de débit, ont été sélectionnés pour l'étude. Résultats - Les résultats de l'analyse de régression multiple indiquent que le taux de rotation des actifs et la taille de l'entreprise ont un impact significatif négatif tandis que le bénéfice par action a un impact significatif positif. De plus, le ratio d'endettement a un impact positif non significatif alors que le ratio actuel, la marge bénéficiaire nette, le rendement des actifs, le rendement des capitaux propres et le ratio de flux de trésorerie d'exploitation ont un impact négatif non significatif sur le cours de l'action des sociétés expérimentées. En outre, la valeur R au carré montre que le cours de l'action est influencé à 59 % par les facteurs fondamentaux sélectionnés et l'ANOVA illustre que ces facteurs ont un impact significatif combiné sur le cours de l'action. Originalité/valeur - L'étude est l'une des rares à analyser l'influence des facteurs fondamentaux internes sur le cours de l'action des sociétés de services informatiques (EDP) cotées au NASDAQ sur la période 2016-2020.

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Section: Literature Reviewmentioning

confidence: 99%

Facteurs fondamentaux affectant le cours de l'action des sociétés de services de traitement électronique des données (EDP)

RAFAQAT,

RAFAQAT

et al. 2023

J.o A.F.

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“…Women entrepreneurs' investment decisions have become more difficult due to the prevalence of irrational behavior in recent decades (Iram, Bilal, Ahmad & Latif, 2022a: Salim & Khan, 2020. Many investors are particularly concerned about their investment decisions since every entrepreneur expects to earn more profits, based on their decisions (Dang et al, 2019;and Ghaeli, 2019). In this regard, Salim (2015) argues that a wide range of benefits is enclosed within rational investment decisions.…”

Section: Introductionmentioning

confidence: 99%

Investigating The Mediating Role of Financial Literacy on The Relationship Between Women Entrepreneurs’ Behavioral Biases and Investment Decision Making

Iram

Bilal²,

Ahmad³

2023

GADJAH MADA INT. J. BUS.

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This study investigates the theoretical link between heuristic behavioral factors and the investment decision-making of women entrepreneurs, focusing on the importance of financial literacy as a potential mediator shaping prudent decision-making. We argue that women’s financial literacy is an efficient way to apply behavioral considerations in wise decision making. Using the proportionate stratified sampling method, we collected data from women entrepreneurs who were formally registered in Punjab Province, Pakistan. Owing to the complex model and small sample size, the smart PLS method was applied to analyze the structural relationship between the measured and latent constructs. The results show that overconfidence and availability heuristics have a significant positive impact on investment decisions, while financial literacy plays an essential intervening role between the overconfidence heuristic, availability heuristic, and investment decision-making. Our results support the execution of financial literacy awareness among women entrepreneurs to stimulate their financial decision control and give them the independence to make prudent financial decisions.

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“…A survey undertaken by Amahalu et al (2020) stated that a financial statement is one of the essential statements required in deciding on an investment, especially in the private sector. Neogy and Ahmed (2015), Ahmed et al (2011), andDang et al (2019) stated that the disclosed accounting information has a tangible impact on the process of decision-making of users, especially investors. Financial reporting means preparing and publishing the financial statements and related information by the business enterprise to the interested parties.…”

Section: Introductionmentioning

confidence: 99%

Impact of Disclosure Practices on Investment Decision

Hossain

2022

Am. j. trade policy

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This study aims to investigate the impact of different parts of the disclosure index on concerned components of investors’ decisions. For this consideration, this study has constructed an unweighted disclosure index under eight headings: corporate profile items, corporate governance items, employees and social responsibility items, risk management items, indicators of financial performance, income statement items, balance sheet items, and accounting policy items. The individual disclosure of each part of the disclosure index has been calculated. This study also identified some concerning components of investors' decisions like current ratio, working capital ratio, deposit assets ratio, cash deposit ratio, return on equity, return on assets, dividend yield ratio, and dividend payout ratio. To achieve the study objective, this study has used secondary data extracted from published audited annual reports of ten sample banks in Bangladesh from 2015 to 2019. The ANOVA test and multiple regression analysis with the ordinary least square model (OLS) have been employed to reveal the study findings. The results of the ANOVA test report significant variation in the disclosure scores of different parts of the disclosure index and the various concerned components of investors’ decisions. The results of multiple regression analysis illustrated that the disclosure scores of the other parts of the disclosure index had a significant positive impact on the different concerned components of investors’ decisions.

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The impact of accounting disclosures on individual investors’ decision making in Vietnam Stock Market

Cited by 6 publications

References 14 publications

Facteurs fondamentaux affectant le cours de l'action des sociétés de services de traitement électronique des données (EDP)

Facteurs fondamentaux affectant le cours de l'action des sociétés de services de traitement électronique des données (EDP)

Investigating The Mediating Role of Financial Literacy on The Relationship Between Women Entrepreneurs’ Behavioral Biases and Investment Decision Making

Impact of Disclosure Practices on Investment Decision

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