Impact of firms’ earnings on stock prices: special reference to the S&P Sri Lanka 20 companies

Riyath, M. I. M.; Madushan, H. C. N.

dc.contributor.author	Riyath, M. I. M.
dc.contributor.author	Madushan, H. C. N.
dc.date.accessioned	2022-11-11T04:10:58Z
dc.date.available	2022-11-11T04:10:58Z
dc.date.issued	2021
dc.identifier.citation	Faculty of Commerce and Management, Eastern University, Sri Lanka	en_US
dc.identifier.issn	1800-1548
dc.identifier.uri	http://ir.lib.seu.ac.lk/handle/123456789/6272
dc.description.abstract	Stock price plays a vital role in the financial markets in the business world. Investors are keen on stock price movements when they make investment decisions. Several studies in the international and the Sri Lankan context focus on identifying the firms’ earnings impact on the stock price. This study investigates the impact of the firm’s earnings on the stock price of the S&P SL20 companies listed in Colombo Stock Exchange (CSE) for the periods from 2014/15 to 2019/20. The firms’ earnings are measured using Earnings Per Share (EPS), Dividend Per Share (DPS), and Dividend Payout Ratio (DPR). The required data were collected from the audited annual reports of respective companies. The study used multiple linear regression to analyze the impact of firms' earnings on the stock price. Results reveal that the impact of EPS and DPS on Stock Price is statistically significant. However, the Dividend Payout Ratio on Stock Price is statistically insignificant. Finally, the study concludes that firms’ earnings impact the stock price in Sri Lankan S&P SL20 companies.	en_US
dc.language.iso	en_US	en_US
dc.publisher	MENTOR The Journal of Business Studies Faculty of Commerce and Management, Eastern University, Sri Lanka pp 1-13.	en_US
dc.subject	Dividend payout	en_US
dc.subject	DPS	en_US
dc.subject	EPS	en_US
dc.subject	Share price	en_US
dc.subject	S&P SL20	en_US
dc.title	Impact of firms’ earnings on stock prices: special reference to the S&P Sri Lanka 20 companies	en_US
dc.type	Article	en_US