Determinants of Share Prices: the Case of Listed Firms on Johannesburg Stock Exchange

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dc.contributor.authorEnow, Samuel Tabot
dc.contributor.authorBrijlal, Pradeep
dc.date.accessioned2018-06-21T12:32:29Z
dc.date.available2018-06-21T12:32:29Z
dc.date.issued2016
dc.description.abstractEquity investments offer considerable returns to investors and is considered to be a major source of capital for most large firms. However, these returns are subject to movement in share prices. This study investigate the determinants of share prices using fourteen companies listed on the Johannesburg stock exchange from 2009-2013. Using a multiple regression analysis, the result reveals that dividend per share, earnings per share, and price-earnings ratio accounts for 57.8% of share prices movements. Furthermore, earnings per share and price earnings are significantly positively correlated to share prices although dividend per share was not. This finding implies that, managers can create value for their shareholders by increasing dividend per share, earnings per share and price-earnings.en_US
dc.identifier.citationEnow, S.T & Brijlal, P. (2016). Determinants of Share Prices: the Case of Listed Firms on Johannesburg Stock Exchange. Journal of Accounting and Management, 6(1): 85 - 92en_US
dc.identifier.issn2392 – 8778
dc.identifier.urihttp://hdl.handle.net/10566/3824
dc.language.isoenen_US
dc.privacy.showsubmitterFALSE
dc.publisherDanubius Journals Platformen_US
dc.rightsThis journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
dc.status.ispeerreviewedTRUE
dc.subjectShare priceen_US
dc.subjectDividend per shareen_US
dc.subjectEarnings per shareen_US
dc.subjectPrice-earnings ratioen_US
dc.titleDeterminants of Share Prices: the Case of Listed Firms on Johannesburg Stock Exchangeen_US
dc.typeArticleen_US

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