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The impact of accounting information on share prices: a study of listed companies in Sri Lanka

Show simple item record Sarifudeen, A. L. 2020-03-03T04:12:52Z 2020-03-03T04:12:52Z 2016
dc.identifier.citation Journal of accountancy and finance, 3(1): 47-59 en_US
dc.identifier.issn 2386 – 1444
dc.description.abstract The stock price of securities is one of the most important variables for valuation. Managers are looking for information that can assist them in predicting stock prices. This enables managers to develop dimensions that better decisions based on accurate information on financial variables can make the necessary. The main objective of this study is to explore the relationship between equity price with earnings, dividends and net asset. The present study examines the impact of Earning per share,(EPS) Dividend per share (DPS) and Net assets value per share (NAVPS) in the formulation of stock prices on a sample of 65 companies listed on the price in Colombo Stock Exchange (CSE) during the 2010-2014 period. The resulting evidence suggests that the joint explanatory power of the above parameters in the formation of stock prices increases over time. Earnings are the most widely used accounting information for investment decisions in Sri Lanka, followed by dividends and net book value. Therefore, the study suggests that companies should improve the quality of earnings as manipulated earnings (of which Dividends are subsets) have significant effects on share prices. en_US
dc.language.iso en_US en_US
dc.publisher Department of Accountancy, Faculty of Business Studies and Finance, Wayamba University of Sri Lanka en_US
dc.relation.ispartofseries 3;1
dc.subject Accounting information en_US
dc.subject Stock prices en_US
dc.subject Stock returns en_US
dc.subject Dividend per share en_US
dc.subject Book value en_US
dc.title The impact of accounting information on share prices: a study of listed companies in Sri Lanka en_US
dc.type Article en_US

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