Leverage and its impact on earnings and share price a special reference to listed companies of colombo stock exchange (cse) in sri lanka employed to finance its project, financial leverage is brought literature review and theoretical discussion leverage. Chapter 2: literature review as corporate finance reminds us, there are two operational decisions that a finance manager is faced with: capital budgeting and financing decisions 1961) based on the m&m’s model, in a perfect market the share price of a firm and shareholder’s wealth is not affected by the dividend policy since they. When estimating intraday share price volatility, kleindon and werner (1996) employ a 15-min window we adopt the same time frame in this article we adopt the same time frame in this article note that 15 min might be an eternity in the high frequency trading literature, or in studies that examine price discovery in security markets. Manappuram finance ltd, incorporated in the year 1992, is a mid cap company (having a market cap of rs 685204 crore) operating in finance sector.
Explanatory variables such as: book value per share, dividend per share, earning per share, price earning ratio, dividend yield, dividend payout, size in terms of sale and net worth for the period 1993-94 to 2008-09. Lic housing finance share price today, lic housing finance stock price, lic housing finance bse/nse live share price, stock performance, stock quotes, charts & more on the economic times & limited review report (standalone) for the quarter ended december 31, 2016 | announcement. Review of literature is an indespensible part of any researchworks that provides an important and usefull track to frame theirresearch works there are sufficient literature regarding the currentexport situation of coffee from india, contributed by manydifferent researchers and scholars. The international review of financial analysis (irfa) is a non-affiliated refereed journal whose primary goal is to provide an outlet for high quality financial research the journal is open to a diversity of financial research topics and will be unbiased in the selection process.
The new commercial reality is the emergence of global markets for standardized consumer products on a previously unimagined scale of magnitude. Market reaction to stock splits in large and liquid stocks: evidence from the indian stock market nehal joshipura abstract price of the stock literature review, section iv describes data and methodology, the results are discussed in section v. European journal of accounting auditing and finance research vol2, no5, pp 19-32, july 2014 between share price and interest rate, inflationary rate, real gdp and exchange rate in the short section 2 deals with the review of related literature, section 3 focuses on the methodology for data analysis while section 4 presents the. Firms listed at the nairobi securities exchange, kenya tuigong wilson kibet to the school of business in partial fulfillment of the requirements for the award of the degree of master of science (finance) of kenyatta university september 2015 ii during the period under review (2001-2011), share prices of.
The finance and financial mathematics literature exhibits models to predict security prices/returns based on stock price volatilities under the implicit assumption that stock price volatility can capture all risk‐relevant information. The authors, therefore, provide a concise synthesis of the theory and its key concepts, review its use in the management literature, and put forward directions for future research that will encourage scholars to use signaling theory in new ways and to develop more complex formulations and nuanced variations of the theory. Review of literature this chapter reviews various empirical studies related to the linkages between the stock prices and the exchange rates this review has been divided into two sections the first section deals with studies related to empirical validity of market integration hypothesis with reference to foreign exchange market and stock.
Dividend policy and share price volatility with particular focus on the uk capital market literature review dividend policy is thus an important part of the firm’s long-run financing strategies dividend policy and share price volatility in early corporate finance, dividend policy referred to a corporation’s choice of whether to. Literature review: there have been several studies focussing on the extent of variables influencing the market index and their importance in including in the model. 11theoretical literature review price to book value ratio is a valuation ratio that is used by investment advisors, fund managers and investors to compare a company’s market value (market capitalization) to its book value (shareholders' equity.
A literature review on impact of mergers and acquisitions announcement dr kapil chaudhary 1 rakesh 2 1 assistant professor, department of commerce, cdlu sirsa (haryana) 2 research scholar, department of commerce, cdlu sirsa abstract an extensive review of various literatures has been carried out in order to get a better considerate in. This dissertation is a study of ftse 100 companies share price reactions to earnings announcements finance dissertation topics, a study of ftse100 companies’ share price reactions to earnings announcements (2008) literature review the random walk theory efficient market hypothesis. The effect of dividend policy on share price: an evaluative bangladesh) abstract: the most debated issue in the field of finance is over the effect of dividend policy on market price per share there are huge literatures for and against this wisdom the current study has been undertaken aiming at ii literature review. Literature review and research methodology 36 variable affecting the share price, followed by div idend yield, book value per share, dividend coverage and the return on investment, in that order.
Dividend policy and share price volatility in early corporate finance, dividend policy referred to a corporation's choice of whether to pay its shareholders a cash dividend or to retain its earnings. The most often used profitability ratios are return on assets, price earnings multiplier, price to book value, price to cash flow, and price to sales, dividend yield, return on equity, present value of cash flows, and profit margins.
The relationship between earning, dividend, stock price and stock return: evidence from iranian companies mohammad ebrahimi 1 and arezoo aghaei chadegani 2 + 1, 2department of accounting, mobarakeh branch, islamic azad university, mobarakeh, isfahan, iran abstract the purpose of this paper is to investigate whether the current period earning divided by stock. The lowest price at kshs 1185 while the share prices of the other companies under study had small differentials with the biggest differential being kshs 5425 the results of the empirical analysis are consistent with most of the findings in the literature. Share price movement chapter i 11 introduction about the topic a share or stock is a document issued by a company, which entitles its holder to be one of the owners of the company a share is issued by a company or can be purchased from the stock market.