Digital Repository

Macro-Economic and Internal Determinants of Share Prices in Sri Lanka A Case from Colombo Stock Exchange- Banking Sector

Show simple item record

dc.contributor.author Chandrasena, S.M.
dc.contributor.author Fernando, C.S.P.K.
dc.contributor.author Ranaweera, R.M.C.S.
dc.date.accessioned 2015-01-21T09:44:11Z
dc.date.available 2015-01-21T09:44:11Z
dc.date.issued 2014
dc.identifier Finance en_US
dc.identifier.citation Chandrasena, S.M., C.S.P.K. Fernando and R.M.C.S. Ranaweera, 2014, Macro-Economic and Internal Determinants of Share Prices in Sri Lanka, A Case from Colombo Stock Exchange- Banking Sector, In: Proceedings of the 5th International Conference on Business and Information, University of Kelaniya, pp 62-70. en_US
dc.identifier.uri http://repository.kln.ac.lk/handle/123456789/5138
dc.description.abstract The focus of this study is to identify the relationship between internal and macro-economic determinants on share prices in Sri Lankan based banking companies in the Colombo Stock Exchange (CSE). The study uses panel data pertaining to the banking sector over the period of seven years from 2006 to 2012. The fundamental purpose of this research is to ascertain the syndicate effect of profitability, dividend payout ratio, return on asset, Gross Domestic Production (GDP) and inflation (Independent variables) with share prices (Dependent variable). A sample of 7 listed banks has been selected from the CSE for the study. The basic objectives are to identify the relationship between share prices and selected independent variables and to capture the impact of unobserved data on share prices. Pool regression model and fixed effect model are employed to meet the objectives of the study. The results of the pool regression model show that profitability of the firm and GDP have a positive significant impact on market stock prices. By capturing the impact of unobserved data the entity fixed effect model reveals that certain banks had firm specific effects on share price. The time fixed effect model shows that favorable time periods cause to make favorable changes in share prices. en_US
dc.language.iso en en_US
dc.publisher University of Kelaniya en_US
dc.subject Determinants en_US
dc.subject Share Price en_US
dc.subject Panel Data en_US
dc.subject Pool Regression Model en_US
dc.subject Fixed Effect Model en_US
dc.title Macro-Economic and Internal Determinants of Share Prices in Sri Lanka A Case from Colombo Stock Exchange- Banking Sector en_US
dc.type Article en_US


Files in this item

This item appears in the following Collection(s)

Show simple item record

Search Digital Repository


Browse

My Account