Record Details

Determinants of Share Prices: the Case of Listed Firms on Johannesburg Stock Exchange

The Journal of Accounting and Management

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Field Value
 
Title Determinants of Share Prices: the Case of Listed Firms on Johannesburg Stock Exchange
 
Creator Enow, Samuel Tabot; University of Western Cape
Brijlal, Pradeep; University of Western Cape
 
Subject Share price, dividend per share, earnings per share, price-earnings ratio
 
Description Equity investments offer considerable returns to investors and is considered to be a major source of capital for most large firms. However, these returns are subject to movement in share prices. This study investigate the determinants of share prices using fourteen companies listed on the Johannesburg stock exchange from 2009-2013. Using a multiple regression analysis, the result reveals that dividend per share, earnings per share, and price-earnings ratio accounts for 57.8% of share prices movements. Furthermore, earnings per share and price earnings are significantly positively correlated to share prices although dividend per share was not. This finding implies that, managers can create value for their shareholders by increasing dividend per share, earnings per share and price-earnings.
 
Publisher The Journal of Accounting and Management
 
Contributor —
 
Date 2016-06-03
 
Type Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journals.univ-danubius.ro/index.php/jam/article/view/3181
 
Source The Journal of Accounting and Management; Vol 6, No 1 (2016): JAM
 
Language en
 
Rights The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.