Open AccessImpact of Firm-Specific Factors on the Stock Prices: New Insight from Emerging Market of Asia
Author(s) -
Yusra Nazir,
Farheen Zahra Hussain,
Ariba Mukhtar,
Samina Khalid
Publication year - 2022
Publication title -
journal of accounting and finance in emerging economies
Language(s) - English
Resource type - Journals
eISSN - 2519-0318
pISSN - 2518-8488
DOI - 10.26710/jafee.v8i1.2197
Subject(s) - leverage (statistics) , share price , earnings per share , emerging markets , market share , business , dividend , earnings , sample (material) , monetary economics , financial economics , stock exchange , economics , marketing , accounting , finance , chemistry , chromatography , machine learning , computer science
Purpose: The purpose of this paper is to investigate the factors that can influence the share prices of listed firms.
Design/Methodology/Approach: The sample of 120 listed firms was selected from 2014–to 202020 was collected.
Findings: We documented a new insight that all the variables have a strong relationship between variables with the share prices except leverage. The ROA and Leverage show a negative relationship with the share price and EPS, dividend per share, firm size and price-earnings ratio show a positive relationship with the share prices.
Implications/Originality: This paper contributes to the existing literature and continuing debate about firm-specific determinants influencing share price in an emerging market, with a focus on manufacturing firms of Pakistan.