Open AccessThe Impact of Accounting Fundamentals and Macroeconomic Indicators on Manufacturing Companies' Stock Prices
Author(s) -
Van hyung Shih,
Chien Hoang
Publication year - 2021
Publication title -
journal la bisecoman
Language(s) - English
Resource type - Journals
eISSN - 2721-124X
pISSN - 2721-0987
DOI - 10.37899/journallabisecoman.v2i3.404
Subject(s) - stock exchange , economics , stock (firearms) , equity (law) , inflation (cosmology) , earnings per share , earnings , accounting , monetary economics , econometrics , business , finance , geography , physics , archaeology , theoretical physics , political science , law
The aim of this research is to ascertain if accounting fundamentals and macroeconomic indicators have an effect on stock prices. In this research, a quantitative method was used. The population of this research includes manufacturing firms listed on the Stock Exchange, with a sample size of ten companies collected through secondary data during the 2019-2020 quarter. Scale of data measurement using a ratio scale. The findings indicated that inflation and interest rate macroeconomic variables had little impact on stock values. Fundamentals of Accounting The return on equity and the price-earnings ratio both have a substantial beneficial impact on company prices