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DC Field | Value | Language |
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dc.contributor.author | Kavindhya, U.D.P. | - |
dc.contributor.author | Perera, P.A.S.D. | - |
dc.date.accessioned | 2023-04-24T04:44:23Z | - |
dc.date.available | 2023-04-24T04:44:23Z | - |
dc.date.issued | 2022 | - |
dc.identifier.citation | Kavindhya, U.D.P.; Perera, P.A.S.D. (2023), The Impact of Financial Ratios on Stock Return before and during Covid-19: Empirical evidence from Colombo Stock Exchange, 11th Students’ Research Symposium, Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka. 25. | en_US |
dc.identifier.uri | http://repository.kln.ac.lk/handle/123456789/26066 | - |
dc.description.abstract | Purpose: The purpose of this study was to examine the impact of financial ratios on stock return before and during Covid-19 in Sri Lankan context using data collected from the companies listed in Colombo Stock Exchange. Design/Methodology/Approach: The data was collected as two samples. 2016- 2019 was considered as before Covid-19 and 2020-2021 was considered as during Covid-19 for 60 companies listed under consumer durables and apparel, consumer services, and food and beverage and tobacco sectors in CSE. The study used four financial ratios as the independent variables; Return on asset, current ratio, debt to equity ratio, and price to earnings ratio and stock return as the dependent variable. The analysis was conducted using a multiple regression model via STATA software to understand the impact of financial ratios on stock return. Findings: The results indicated that the price-to-earnings ratio has a significant impact on the stock return before covid-19, and the remaining financial ratios; current ratio, and debt to equity had an insignificant impact on stock return. During Covid-19, all financial ratios had a statistically insignificant impact on stock return. Originality: It was revealed that their knowledge on financial matters based on experience has a significant impact on making sound financial decisions. The findings recommend the necessity for effective financial literacy programs focusing especially on financial knowledge to facilitate informed financial decisions of these vendors. | en_US |
dc.publisher | Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka | en_US |
dc.subject | Covid-19, Financial Ratios, Significant, Stock Return, Multiple Regression model | en_US |
dc.title | The Impact of Financial Ratios on Stock Return before and during Covid-19: Empirical evidence from Colombo Stock Exchange | en_US |
Appears in Collections: | 11th Students' Research Symposium 2022 |
Files in This Item:
File | Description | Size | Format | |
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11th SRS - Abstract book 25.pdf | 109.26 kB | Adobe PDF | View/Open |
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