The value relevance of accounting information on stock market price for the investors’ decision. (With special reference to the financial ratios)

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Date

2019

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Department of Finance, University of Kelaniya

Abstract

Introduction - The purpose of this paper is to examine the value relevance of accounting information on stock market price for the investor’s decisions. This study significant when making investment decisions. Design/Methodology/Approach - Sample consist with 35 manufacturing sector companies and used quantitative approach. Fixed effect panel regression analysis used as the methods of analysis. Findings - EPS, NAVPS, CEPS and NOCFPS have positive and significant relationship with stock market price and DPS has negative and insignificant relationship with stock market price. Conclusion - EPS, NAVPS, CEPS & NOCFPS are highly significant when making investment decisions. DPS is not significant for investors based on this research.

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Keywords

Stock Market Price, Accounting Information, Value Relevance, Investment Decisions.

Citation

Rukshika, R.N.T. (2019). The value relevance of accounting information on stock market price for the investors’ decision. (With special reference to the financial ratios). In: 8th Students’ Research Symposium 2019. Department of Finance, University of Kelaniya, Sri Lanka, p.37.

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